Page 579 - Industry News

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

First made-in-India chip to be out by December, says IT minister Vaishnaw

Giving the example of Macron, Vaishnaw said the way the Macron facility has moved ahead so fast, everyone has been pleasantly surprised

Akasa Air announces commercial flight ops from upcoming Noida Airport

Akasa Air on Friday became the second airline to announce commercial flight operations from the upcoming Noida International Airport in Uttar Pradesh

Tiger Logistics, Bangladesh-based Sikder Group sign pact to increase trade

Homegrown Tiger Logistics (India) on Friday said it has signed an agreement with Bangladesh-based Sikder Group to establish a Joint Venture (JV) for global trade

M&As register huge drop in 2023, overall deal values halve to $66 billion

Deal values in India more than halved in 2023 to USD 66 billion despite high growth, as investors took a wait-and-watch approach

MNGL inks tech deal with Heath Consultants for low-emission operations

"Upon signing this MoU, we would work to convert such identified opportunities into specific implementable projects," MNGL managing director Kumar Shanker said in the company statement

India only country where we have so much growth: EIL chairman at Davos

Asked about the opportunities India has as a growing economy, Vartika Shukla said, "There is no two ways that India is the place to be

MoUs worth Rs over 3.5 lakh crore signed at Davos: Maharashtra CM

He said that there is infrastructure, connectivity and skilled manpower in Maharashtra

More than 300 journalists around world imprisoned for their work: Report

More than a third of the journalists in jail according to the CPJ's Dec 1, 2023, census were in China, Myanmar and Belarus, the report said

Indian lenders seek looser liquidity conditions going ahead: Report

Banks made these suggestions to industry body Fixed Income Money Market and Derivatives Association of India (FIMMDA) on Wednesday

IndiGo schedule to be back to normal by next week: CEO Pieter Elbers

IndiGo has solidified its supremacy in the Indian aviation sector by increasing its domestic market share to 60.5 per cent in 2023 from 56.1 per cent in 2022

'Strict' action if airlines violate new rules, says Jyotiraditya Scindia

On Tuesday, the minister had asked the airlines to set up war rooms to address issues of affected passengers immediately

Should railways revise approach towards general, sleeper class travellers?

According to estimated figures based on the FY24 Budget, passenger travel in the general and second classes, which account for a bulk of mass transit, is lower than it was in 2008-09

Budget 2024-25: Telecom industry wants govt to junk USOF, slash duties

A clearer definition of gross revenue, GST exemption also sought

Highest ever tally: Over 141K firms incorporated in FY24 so far, shows data

Official sources said that this was indicative of increased economic activity in the country