Page 580 - Industry News
IEA raises 2024 oil demand forecast again, this time by 180,000 bpd
IEA predicts that global oil consumption will rise by 1.24 million barrels per day (bpd) in 2024, compared with OPEC's 2.25 million bpd projection
 "IEA raises 2024 oil demand forecast again, this time by 180,000 bpd")
Don't park planes in remote bays during flight delays: MoCA to airlines
The directive comes against the backdrop of the incident at the Mumbai airport on Sunday when passengers of a diverted Goa-Delhi IndiGo flight had food on the tarmac
 "Don't park planes in remote bays during flight delays: MoCA to airlines")
12 Gw pumped storage hydropower projects get govt's green signal
Pumped storage hydropower is a type of hydroelectric energy storage that uses water stored in two reservoirs at different elevations to generate electricity
 "12 Gw pumped storage hydropower projects get govt's green signal")
Govt urges doctors to mention justification while prescribing antibiotics
Misuse and overuse of antimicrobials are one of the main drivers in the development of drug-resistant pathogens, Goel said in a letter dated January 1
 "Govt urges doctors to mention justification while prescribing antibiotics")
Temple fever grips Indians, lifts travel demand and hotel bookings
Spiritual merchandise sales on e-commerce platforms surge ahead of Ram Mandir inauguration
 "Temple fever grips Indians, lifts travel demand and hotel bookings")
FSSAI directs caterers of airline industry to comply with food safety rules
The objective of the meeting was to identify areas requiring improvement and reinforce the commitment to providing passengers with safe and high-quality inflight meals
 "FSSAI directs caterers of airline industry to comply with food safety rules")
Capital appreciation key to buy luxury realty for 44% of rich people: ISIR
Capital appreciation has overtaken lifestyle upgrades, as the primary motivation for real estate investment (44 per cent), the consultant said
 "Capital appreciation key to buy luxury realty for 44% of rich people: ISIR")
Cabinet approves memoranda on health products with Netherlands, Ecuador
Issues of substandard and falsified medicines moving in the international markets, and interaction amongst regulatory agencies are facilitated through the MoU, it stated
 "Cabinet approves memoranda on health products with Netherlands, Ecuador")
Commerce ministry to launch portal to provide info to aspiring exporters
The commerce ministry will launch an online platform in the next 2-3 months to provide all relevant information, including details about custom duties, for aspiring exporters
 "Commerce ministry to launch portal to provide info to aspiring exporters")
AB InBev keen to invest Rs 400 cr for expanding brewery ops in Karnataka
The company has a state-of-the-art brewery in Mysuru and a Global Capability Centre here
 "AB InBev keen to invest Rs 400 cr for expanding brewery ops in Karnataka")
Experts hail India's digital public infra for reducing inequality
A group of global experts has hailed India's robust digital public infrastructure, especially UPI, in reducing inequality
 "Experts hail India's digital public infra for reducing inequality")
GMR Group, IndiGo tie up for digital transformation in Indian aviation
GMR Group and IndiGo Airlines on Thursday announced a strategic collaboration forming a digital consortium aimed at reshaping the landscape of the Indian aviation industry
 "GMR Group, IndiGo tie up for digital transformation in Indian aviation")
Akasa Air, IndiGo, Air India order 1,120 planes in less than one year
The less than two-year-old Akasa Air has placed a firm order for 150 Boeing 737 Max planes, comprising 737 Max 10 and 737 Max 8-200 jets
 "Akasa Air, IndiGo, Air India order 1,120 planes in less than one year")
Airbus signs agreement with Tata, Mahindra for aircraft components
Airbus on Thursday said it has signed contracts with Tata Advanced Systems Limited (TASL) and Mahindra Aerospace Structures Private Limited (MASPL) to procure commercial aircraft components.
 "Airbus signs agreement with Tata, Mahindra for aircraft components")
Shapoorji Pallonji Real Estate expects Rs 600 cr from 276 luxury homes
Realty firm Shapoorji Pallonji Real Estate (SPRE) on Thursday launched 276 luxury homes in Pune with an estimated sales value of around Rs 600 crore
 "Shapoorji Pallonji Real Estate expects Rs 600 cr from 276 luxury homes")
Air passenger traffic in India likely to reach 300 mn by 2030: Scindia
The number of domestic passengers in India is expected to surge to 300 million annually by 2030 from 153 million in 2023, Union Civil Aviation Minister Jyotiraditya Scindia said on Thursday
 "Air passenger traffic in India likely to reach 300 mn by 2030: Scindia")
Govt may extend scope of PLI scheme to job-creating sectors: Deloitte
Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors
 "Govt may extend scope of PLI scheme to job-creating sectors: Deloitte")
EV leasing firm Alt Mobility raises $6 million to scale up operations
The capital will be used for hiring engineering team to scale its Electric Vehicle (EV) asset management platform FleetOS, it added
 "EV leasing firm Alt Mobility raises $6 million to scale up operations")
India's childcare market expected to grow on the back of macro drivers
Redseer expects the market to grow at 14% CAGR to reach $60bn size by 2027 from $31 bn in 2022
 "India's childcare market expected to grow on the back of macro drivers")
India's semiconductor mission focused on designing entire chip: Vaishnaw
He said India is looking to develop the complete ecosystem of semiconductors, including design capabilities and manufacturing software and hardware part of it
 "India's semiconductor mission focused on designing entire chip: Vaishnaw")