Page 606 - Industry News

'Duty cut on mobile phone inputs to boost local production, boost exports'

ICEA Chairman Pankaj Mohindroo said that the next phase of mobile manufacturing growth has to come from exports

India to grow into a $7 trillion economy by 2030, says PHDCCI report

The analysis is based on lead macroeconomic indicators including the GDP Growth, Export Growth, Gross National Savings, Total Investments, and Debt to GDP Ratio

130,000 participants from 140 countries registered for Vibrant Gujarat

Number of partner countries increased to 35 compared to 15 in 2019

Retail malls see robust growth with addition of 3.1 million sq ft in Q4

Major Indian developers for retail malls indicated that rising demand, tight vacancies, investments, and buyer inclination, are among the significant reasons behind the robust growth

India, UAE ink pact for possible energy grid connectivity between 2 nations

Other pacts signed are in sectors such as logistics, healthcare innovations and one which involves developing food parks, Foreign Secretary said

High tariffs impair India's global edge in smartphone sector: ICEA

India's simple average Most Favoured Nation (MFN) tariff for inputs is 8.5 per cent, higher than China's 3.7 per cent, says the report

National coal index declines 17.5% to 155.09 points in November 2023

The NCI was at 188.08 points in November 2022, the coal ministry said in a statement on Wednesday

Tribeca Developers raises Rs 200 cr from HDFC Capital for project in Mumbai

Realty firm Tribeca Developers has tied up with Tejukaya Group to build a luxury housing project in Mumbai with Rs 1,000 cr investment and has raised Rs 200 cr from HDFC Capital for the project

Mumbai-based Akumentis Healthcare launches drug for treatment of epilepsy

Akumentis Healthcare on Wednesday said it has introduced a drug for the treatment of epilepsy

India imposes anti-dumping duty on 3 Chinese products for 5 years

The three Chinese products are wheel loaders, gypsum tiles, and industrial laser machinery. The move is aimed to guard local manufacturers from cheap imports from the neighbouring country

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Adani said the group has already invested over Rs 50,000 crore out of the Rs 55,000 crore investment committed by 2025 at the previous summit

Land Ports in India facilitates trade worth Rs 76,000 cr in 2023: Report

A total of Rs 76,319.2 crore trade was registered in 2022-2023, with a movement of 24,79,180 passengers in the same period, the report mentions

Govt not planning higher taxes on steel imports despite industry's demand

Steel mills want authorities to raise taxes from the prevailing 7.5% on several steel products to curb imports

Delhi's winter power demand reaches all-time high amid ongoing cold wave

The spike in power demand is mainly due to enhanced use of electricity by consumers for heating purposes, discom officials said

Airport to new resorts, Lakshadweep tourism is in for an upgrade: Details

Lakshadweep tourism: Some of the key infrastructure development projects lined up in Lakshadweep include an airport upgrade, resorts, and improved utility services among others

Indian exporters gear up to comply with EU's paperless customs system: Rpt

As per EC release, economic operators carrying goods by sea, inland waterways, road and rail will have to submit a complete Entry Summary Declaration (ENS) dataset to ICS2

Vibrant Gujarat 2024: Tata to soon start new semiconductor factory in state

Vibrant Gujarat Summit: 'Tata Group is about to complete negotiations surrounding semiconductor fab plant in Gujarat,' announced chairman N Chandrasekaran

DP World to build container terminal in Gujarat: Sultan Ahmed bin Sulayem

DP World started its operation in Gujarat in 2003 with the opening of the Mundra International Container terminal, he said

Telecom department blocks more than 1,500 numbers linked to cyber threats

The Department of Telecommunications (DoT) blocked international and local phone numbers associated with cybercrimes and threats, aiming to curb misuse of telecom resources

Sugar factory lying shut in Goa to resume in one year, produce ethanol: CM

A state-run sugar factory, which has been shut in South Goa since 2019, would resume operation in the next one year and produce ethanol from sugarcane