Page 595 - Industry News

India in talks with Brazil for tech partnership to expand ethanol usage

India is in talks with Brazil for a technological partnership to expand usage of ethanol, amid a push for alternative fuels to cut carbon emission

German industry association expects economy to barely grow in 2024

Russwurm urged Germany's coalition parties to find an agreement and move forward, saying paralysis would be the worst of all scenarios

Wedding industry clocks Rs 4.74 trn in earnings in 2023, up 26.4%: Report

Shared financial responsibilities, renting jewellery, and cars over horses among growing trends defining millennial and gen-z weddings, according to WedMeGood's annual report

Piyush Goyal to meet 40 unicorn startups including Zerodha, Boat, Lenskart

Commerce and Industry Minister Piyush Goyal will hold discussions with senior representatives of 40 unicorn startups like Lenskart, Zerodha, and Boat here on Wednesday

Govt may consider cash refunds to exporters to improve cash flow: GTRI

The government can consider giving refunds to exporters in cash instead of scrips for tax remission schemes, as it would immediately improve cash flow for them, GTRI said

Govt levies 50% export duty on molasses, relief for edible oil imports

The government has imposed 50 per cent duty on exports of molasses, a by-product of sugarcane used as raw material for alcohol production, with effect from January 18

India signs an agreement to acquire five lithium mines in Argentina

This is the first ever lithium exploration and mining project by a government company of India

ICMR invites suggestions for revising national essential diagnostics list

It is unclear whether the finalisation of the NEDL will lead to price capping of diagnostic tests in line with drugs

90% of Indian biz leaders planning to invest more in AI, Gen AI: Capgemini

Capgemini's survey included business leaders from 2,000 organisations in 15 countries across sectors such as automotive, consumer products, banking, capital markets, life sciences, etc

RBI releases draft norms for fintech self-regulatory organisations

Proposes that entities should have robust IT infra, ability to deploy tech solutions within reasonable time

Govt eases import curbs on some silver items for certain industries

Earlier, the import of these goods was put under the restricted category, which mandates importers to seek a license from the government for inbound shipments

PowerMin issues electricity rules, eases open access and transmission

The rules now allows consumers which have specified energy load and Energy Storage Systems (ESS) to establish, operate and maintain their dedicated transmission lines themselves without licence

Real estate players deploy AI, plug into AR and VR tech to boost sales

"Anarock used its AI/ML proptech solution ASTRA to boost primary housing sales by up to 15 per cent," says Anuj Puri, chairman, Anarock group

Sensitise airport staff to inform passengers on delays: DGCA to airlines

The Directorate General of Civil Aviation (DGCA) said that airlines should publish accurate real-time information regarding delays in their flights

Domestic air passenger traffic grew 8.34% to 152 mn in 2023: DGCA data

Of the total domestic passenger traffic, no-frills carrier IndiGo flew 9.19 crore with a market share of 60.5 per cent, followed by full-service carrier Air India

Uttar Pradesh's priority sector lending likely to jump 52% in FY25

Against the aggregate credit flow of Rs 3.75 trillion in FY24, the advances of Rs 5.73 trillion will reflect a year-on-year (Y-o-Y) growth of 52 per cent

Rs 16.93 trn investment in power, RE since 2014, Rs 17.05 trn in pipeline

R K Singh said that Rs 7.4 trn would be invested in the power sector while Rs 9.65 trn

Telecom operators body calls for re-evaluation of D2M tech policy

Broadcasters have backed the tech, which allows handsets to capture terrestrial TV signals without the internet

Reliance, Jindal among six firms to get incentives for making electrolysers

The six firms have bagged total incentives of Rs 1,776 crore for 1200 MW under the 'Bucket-1: Electrolyser manufacturing capacity based on any stack technology'

Restaurants' body seeks restoration of ITC, higher GST rate of 12%

This increased project cost slows down the expansion plans, which massively impacts the overall growth of the sector, it added