Page 582 - Industry News

Govt may extend scope of PLI scheme to job-creating sectors: Deloitte

Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors

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

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 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

Pvt hospitals projected to add 30,000 beds over next 5 yrs: ICRA

The projection indicated a rise in capacity building and occupancy, translating into a year-on-year (Y-o-Y) revenue growth to the tune of 12 to 14 per cent in FY24

In Russia's egg crisis, Tamil Nadu town hopes to crack export opportunity

A combination of high inflation and sanctions imposed by the West has led to the egg crisis in Russia

Govt to announce appointment of new Trai chairperson by month-end: Sources

In the absence of a full-time chairman, important decisions such as whether satellite spectrum would be auctioned in India or allocated administratively remain pending

HAL to showcase indigenous civil aircraft at Wings India 2024 air show

HAL has also taken the initiative to develop a civil variant of the single-engine Light Utility Helicopter (LUH). DGCA certification for this is expected by December 2025

Google Pay signs agreement to expand UPI for international payments

This will enable Indian travellers to transact digitally outside the country while also establishing systems similar to the Unified Payments Interface (UPI) in other countries

9 out of 10 professionals in India looking for job switch in 2024: LinkedIn

According to the research, 42 per cent of working professionals identify a desire for better work-life balance as a reason for changing jobs

ESG, technology theme to dominate India Inc acquisitions in 2024

Streamlined regulatory approvals, sector-specific incentives would encourage firms to write acquisition cheques

Karnataka signs investment deals worth Rs 22,000 cr at Davos summit

Microsoft, Hitachi, Lulu Group among companies that commit projects in state

India's path to renewable energy: Balancing growth and coal transition

As the share of renewable energy (RE) increases in the country's energy mix, it is expected that the dependency on coal will decline

Dharavi residents seek bigger flats, faster construction and redevelopment

The survey to identify the eligible and ineligible residents will begin by next week. Eligible residential tenements are those that were in existence before January 2000

MeitY Secretary launches India's First Graphene Centre, IoT CoE in Kerala

Digital University Kerala (DUK) (formerly IIITMK) and Centre for Materials for Electronics Technology (CMET), Thrissur are the technical partners for setting up these centres

IT services emerge as top segment in global IT industry spending: Gartner

Indian IT spending to record a double-digit growth of 11.1% in 2024

Maharashtra signs MoUs totalling Rs 1.4 trillion at Davos on 1st day

Shinde also held discussions with senior delegates from South Africa and other countries

Cooperatives will have big share in targeted $5 trn Indian economy: Shah

Shah, the Union Cooperation Minister, was addressing after inaugurating the new office of Central Registrar of Cooperative Societies (CRCS) spread over 41,000 square feet at the World Trade Centre

Insurance sector may see further listing, M&A in coming months: Moody's

Indian insurers' favourable growth prospects have encouraged the sector to raise capital, outweighing the adverse impact of their weak underwriting profitability, Moody's said in a report

Imports of medical devices rise 21% till October to Rs 61,262.84 cr

Imports from the US grew by 33 per cent, followed by Germany (27 per cent) and the Netherlands (20 per cent). The imports from China grew by 11 per cent the data shows