Page 577 - Industry News

Average selling price of passenger vehicles in India up by 50% in 5 years

ASP has gone up from Rs 7.65 lakh in 2018-19 to Rs 11.5 lakh in 2023-24, according to the industry. Premiumisation, changing regulatory norms and SUV craze lead to price hikes

India set to export indigenously-developed 4G, 5G stacks in 2024: Officials

Indian technology has garnered global interest amid govt's aggressive marketing

Private, state ports' growth outpaces central counterparts till Q3 FY24

At 604 million metric tonne (mmt), cargo at major ports grew by 5 per cent between April and December, while non-major port cargo traffic grew by 11 per cent at 531 mmt

On a test track: Foxconn's venture with HCL puts sheen on OSAT biz in India

A lot could depend on how well Micron's project takes off

DDA released Rs 460 cr to 2,300 bidders in housing scheme in record time

EMDs of all but 50 bidders have been credited to their bank accounts. The remaining is held up due to various procedural issues with the banks and will be credited soon, the statement said

Jewellers come up with new collections ahead of Ram temple consecration

Senco Gold & Diamonds has launched its 'SiyaRam' collection, while Kalyan Jewellers introduced 'Nimah', a heritage jewellery line-up, company officials said

Ram Mandir inauguration: Telcos enhance network connectivity in Ayodhya

DoT and other central, state, and municipal departments ensured speedy approvals in providing space for towers, movement of material, and manpower, thus enabling immediate execution, Vi said

Industrial and logistics space demand hit record in 2023: CBRE report

The consultant noted that diverse industries, including e-commerce, retail, and manufacturing, chose to outsource their supply chain operations to 3PL firms

PM reiterates call to promote domestic tourism, urges 9 pledges for people

Addressing the foundation stone-laying ceremony of Khodaldham Trust Cancer Hospital in Gujarat, PM Modi urged fellow countrymen to take nine solemn pledges, including promoting tourism in the country

On-ground campaigns to screening, corporates join Ram Temple fervour

Leading multiplex operator PVR INOX has announced live screening of Ram Mandir inauguration during the consecration ceremony on its 160 cinema screens across 70-plus cities on January 22, 2024

India Inc lauds establishment of gender equity Alliance at WEF meet 2024

Lauding the initiative, apex industry chamber CII's president R Dinesh said, "The leadership of India for women empowerment during its Presidency of G20 was well recognized"

Budget 2024: GJEPC seeks import duty cuts on gold, polished diamonds

It urged the government to introduce the Diamond Imprest Licence again and cut import duties

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