Page 583 - Industry News

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

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

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

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

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

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

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

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.

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

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

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