Page 576 - Industry News

Jindal Stainless MD calls for removal of raw material duties in Budget 2024

At present, 2.5 per cent import duty is levied on ferro nickel and 5 per cent on ferro molybdenum

Ludhiana's hosiery players bear losses due to weak demand, lack of orders

Several states like Uttar Pradesh, West Bengal, Rajasthan, Himachal Pradesh, Delhi, Bihar and Haryana are among key markets for the hosiery sector

Power consumption grows nearly 8% to 1,221.15 bn units in Apr-Dec

Power consumption in the entire fiscal 2022-23 was 1,504.26 BU, higher than the 1,374.02 BU witnessed in the 2021-22 financial year

Zero-emission cars can tackle air pollution, cut oil imports: Tata Motors

Shailesh Chandra noted that hybrid cars cannot be compared with EVs as they essentially run on polluting "fossil fuel"

Delhi discoms, NPCL bag top rating of power distribution cos in CSRD report

On renewable energy goals, Singh said, "We have made necessary changes to make renewable energy green"

Amusement industry growing at 15%, to reach Rs 25,000 cr mark soon: Experts

There are about 300 amusement parks and 2,500 indoor amusement centres in India

Latest X-ray to ease passenger check-in, says Noida airport CEO Schnellmann

Among India's network of airports, a clash has already been foretold between a newbie in Jewar, Noida, and the veteran in neighbouring Delhi

Justifying antibiotics prescription can help rationalise use: Experts

The findings reiterated the need to take action for the judicious use of antibiotics especially in the context of high use in prophylactic (preventive) settings

Price wars: Startups, smaller OTTs may be exempted from fair share charge

Telecom industry body says 4-5 large traffic generators need to pay up

Won't be long before Boeing makes aircraft in India, says PM Modi

Modi stressed the need to build an aircraft manufacturing ecosystem in India as he highlighted the potential of India's strong network of MSMEs, huge talent pool, and stable government in India

Indian carriers may order 380 more planes by March next yr: Capa India

The additional aircraft will cater to the high air traffic demand domestically and internationally, aviation consultancy firm CAPA India said on Friday

Ashwini Vaishnaw sees case for duty cuts on mobile phone parts: Report

'We have to move from import substitution to export-led growth, that is the transition we need to make. That requires a totally different mindset and a totally different structure,' Vaishnaw said

SLB kicks off oilfield services earnings with fourth-quarter profit beat

The company, formerly called Schlumberger, reported net income, excluding charges and credits, of 86 cents per share, for the three months ended Dec 31

India ready to give new energy to global aviation market: PM Modi

The PM also launched the Boeing Sukanya Programme. The company said the initiative aims to support the entry of more girl children from across India into the country's growing aviation sector

India-Peru trade pact: Next round of negotiations to begin on Feb 12

Negotiations for the agreement started in 2017 and the fifth round was concluded in August 2019. The negotiations were paused due to the coronavirus pandemic

India needs over 2,500 new aircraft deliveries by 2042: Boeing outlook

According to Boeing, India is the only large economy, a large market in Asia that has evolved to pre-pandemic levels both domestically and internationally in terms of demand

Govt focusing on skill development to make youths job ready: Chandrasekhar

Union minister Rajeev Chandrasekhar on Friday said the government has been focusing on skill development of youths to make them ready for jobs and they should grab the opportunity

Airbus Helicopters, Heligo sign HCare services contract for H145 fleet

This will help Heligo bring down its maintenance costs and do away with the need to keep a regular inventory, thereby providing it with enhanced fleet availability for streamlined operations

JetSetGo signs 280 hybrid-electric aircraft deal worth $1.3-bn with 3 firms

Air services operator JetSetGo has signed a 280 hybrid-electric aircraft deal, including 130 on option, worth over USD 1.3-billion with three global aviation tech firms

Govt could ease China investment curbs if border stays calm: Report

In 2020, India tightened scrutiny on investments from companies based in countries it borders, adding a layer of vetting and security clearances