Page 597 - Industry News

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

Interim Budget 2024-25: OilMin bats for retaining energy transition fund

Rs 30,000 cr was announced in last year's Budget but never disbursed

Metallurgical coal manufacturer body flags import of cheap met coke

The prevailing import rate for metallurgical coke in India is $395 per tonne, while the production cost for domestic met coke manufacturers is around $460 per tonne

No headway on digital competition law as committee term ends

The panel is looking at various regulatory aspects in dealing with challenges emerging from the digital economy

AI can help mfg, healthcare, other sectors scale new heights: Nadir Godrej

Speaking to PTI, he said AI has great potential to help various sectors by optimising processes and it should be seen as a facilitator rather than a disruptor

Hitting the mark: Govt on course to stick to FY24 borrowing target

Next financial year also likely to see similar target

Govt plans 24x7 electricity supply across the country by March 2025

This will be part of BJP's 'continuous reforms' if voted back to power

Decision on laptops and tablets import system after September data

In October last year, India put in place an import management system under which importers of these products have to seek authorisation from the government

India electronics exports to US jump two-fold to $6.6 bn in Jan-Sep 2023

In August 2023, ICEA launched the Indo-US Task Force for Electronics with a mission to increase the bilateral electronics trade from USD 8.4 billion in the last fiscal to an ambitious USD 100 billion

Funding winter shows signs of thaw but fintech industry is under scrutiny

The industry faces greater scrutiny and stricter governance norms

Co-living operators look to expand, open more centres to tap rising demand

Stanza, Colive, Zolo, Olive by Embassy, Your Space, Settl., Union Living and Coho are some of the co-living operators providing rental accommodations to students and professionals

Pharma industry seeks incentives for R&D, conducive policies in Budget

The interim Budget is scheduled to be presented by Finance Minister Nirmala Sitharaman on February 1