Page 599 - Industry News
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
 "Decision on laptops and tablets import system after September data")
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
 "India electronics exports to US jump two-fold to $6.6 bn in Jan-Sep 2023")
Funding winter shows signs of thaw but fintech industry is under scrutiny
The industry faces greater scrutiny and stricter governance norms
 "Funding winter shows signs of thaw but fintech industry is under scrutiny")
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
 "Co-living operators look to expand, open more centres to tap rising demand")
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
 "Pharma industry seeks incentives for R&D, conducive policies in Budget")
TN delegation to showcase talent pool, robust infrastructure at Davos meet
"The 54th annual meeting of the World Economic Forum is centred around the theme of 'Rebuilding Trust' and we cannot build trust without an inclusive and sustainable society
 "TN delegation to showcase talent pool, robust infrastructure at Davos meet")
REITs, InvITs see growth; fund mobilisation rises to Rs 11,474 cr in 2023
REITs and InvITs are new concepts in the Indian market but have been a popular choice globally for their lucrative returns and capital appreciation
 "REITs, InvITs see growth; fund mobilisation rises to Rs 11,474 cr in 2023")
Auto exports dip 21% in 2023 as markets abroad face monetary crisis: Siam
Passenger vehicle shipments rose 5 per cent to 6,77,956 units last year from 6,44,842 units in 2022
 "Auto exports dip 21% in 2023 as markets abroad face monetary crisis: Siam")
Consider regulatory sandbox approach to deal with crypto issues: GTRI
GTRI said that in the light of crypto's acceptance in the regular financial system in the US, it remains to be seen how India's crypto policy evolves in coming months
 "Consider regulatory sandbox approach to deal with crypto issues: GTRI")
'Hope airfares come to right sweet spot,' says Vistara's chief Vinod Kannan
"There are times in the year due to seasonality...our fares in 2023 were even lower than 2022," he noted
 "'Hope airfares come to right sweet spot,' says Vistara's chief Vinod Kannan")
IAF indigenised more than 60,000 components in last 2-3 yrs: VR Chaudhari
The IAF chief was speaking with reporters on the sidelines of a programme held in the Bhonsala Military School in Nagpur on Saturday
 "IAF indigenised more than 60,000 components in last 2-3 yrs: VR Chaudhari")
T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada
Furthermore, he requested the allocation of one National Handloom Technology Center (IIHT) to Telangana, emphasizing the positive impact it would have on training weavers in modern technology
 "T'gana CM proposes Industrial Corridor connecting Hyderabad to Vijayawada")
IAF indigenised more than 60,000 components in 2-3 years: Air Chief Marshal
He also said the Air Force cannot rely on foreign OEMs (Original Equipment Manufacturers) for repair and overhaul maintenance activities and that it has to be done in-house
 "IAF indigenised more than 60,000 components in 2-3 years: Air Chief Marshal")
Telangana CM meets Piyush Goyal, seeks nod for new industrial corridor
Reddy urged Goyal to reconsider the earlier plan of establishing a pharma city between Hyderabad and Warangal and instead endorse forthcoming proposal for pharma city to be submitted to Center
 "Telangana CM meets Piyush Goyal, seeks nod for new industrial corridor")
No import restrictions on certain IT products like desktop computers: DGFT
In August 2023, the government imposed restrictions on certain IT hardware goods and later after domestic and foreign firms flagged their concerns, in October last year
 "No import restrictions on certain IT products like desktop computers: DGFT")
Cinema daily shows up to 623 in 2022, theatre attendance drops: Delhi govt
The number of theatres in Delhi rose from 129 in 2008 to 137 in 2022, with the peak point being in 2017, when the number was 142, according to the Delhi Statistical Handbook-2023
 "Cinema daily shows up to 623 in 2022, theatre attendance drops: Delhi govt")
India-Maldives row: Alliance Air starts additional flights to Lakshadweep
Amid the ongoing India-Maldives row, Alliance Air the only airline that operates to Lakshadweep has started additional flights
 "India-Maldives row: Alliance Air starts additional flights to Lakshadweep")
US regulators impose additional requirements on Boeing before Max 9 return
Boeing declined to comment on the FAA's additional requirements
 "US regulators impose additional requirements on Boeing before Max 9 return")
Binance loses India traders to local companies it recently dominated
WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%
 "Binance loses India traders to local companies it recently dominated")
FM seeks more participation from French financial institutions at GIFT City
Finance Minister Nirmala Sitharaman on Friday met French President Diplomatic Advisor Emmanuel Bonne and sought greater participation from French financial institutions
 "FM seeks more participation from French financial institutions at GIFT City")