Page 608 - Industry News

NFRA imposes Rs 20 lakh penalty on CA for professional misconduct

In another matter, NFRA imposed a penalty of Rs three lakhs on another CA and debarred him for three years for professional misconduct in the audit of SRS Infrastructure

Bharat Tex Expo next month to attract over 3,500 exhibitors: Textiles secy

The expo is expected to bring together stakeholders across the textile value chain, including government and industry representatives, Secretary in the Ministry of Textiles Rachna Shah said

Indian Oil, Bharat Petroleum set to ask for extra Saudi oil after price cut

Indian Oil Corp, the country's top refiner, and Bharat Petroleum Corp, are looking at lifting an additional 1 million barrels of oil each from Saudi Aramco in February, the sources said

Mixed-use real estate projects expand as buyers seek integrated lifestyle

Such properties have residential, commercial facilities and are near education and healthcare institutes

Over 50% firms committed to achieving net-zero emission target: PwC survey

According to the survey, nearly 60% of the respondents underlined the need to incentivise Environmental, Social, and Governance (ESG) interventions by the government

Energy conundrum: Govt to double coal production despite climate goals

Later, the power minister Raj Kumar Singh set out plans on Dec. 22 to add 88 gigawatts of thermal power plants by 2032. The vast majority of which will burn coal

White collar jobs dip 16% in Dec amid cautious hiring in IT, other sectors

White collar hiring in India witnessed a 16% decline in December compared to the year-ago period due to cautious hiring sentiments in IT, BPO, education, retail and healthcare sectors

Indian firms took on larger forex risk in 2023 counting on RBI support

"For us, the drop (in forward hedging) has been bigger, more in the vicinity of 20% to 25%," a senior FX salesperson at a private bank said

Indian coffee exports could surge 10%, thanks to global price rally

Coffee exports in 2024 could jump to 298,000 metric tons from last year's 271,420 tons, said a Bengaluru-based dealer with a global trade house

JSW Steel's crude steel output grows 12% to 6.87 MT in October-December

Its consolidated crude steel production was at 6.14 MT in the same period last financial year, according to a statement

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Commerce ministry sets up task force to resolve trade issues for exporters

The ministry is also looking at improving mutual recognition agreements (MRAs) with different countries so that product standards are as per the requirements of the importing countries

Non-compete clause for IT freshers in India unenforceable: Experts

Experts have stated that non-compete obligations are valid only during employment and cannot hinder an employee from joining a competitor post-employment

Power equipment sector's order book charged up on transmission projects

Between April to December 2023, close to 35 projects worth Rs 60,000 crore were offered under tariff-based competitive bidding

Dutch cos to sign 3.6 bn euros worth investment proposals at Gujarat summit

This is the fourth time the Netherlands is joining the summit as a partner country, according to Amlan Bora, Chief Representative for India at the Netherlands Business Support Office

48 hrs weekly rest, only 2 night landings in rules to avoid crew fatigue

The revision in FDTL regulations is expected to influence flight schedules and may result in certain implications when it comes to operating costs, aviation sources said

DGCA confirms satisfactory checks on B737 Max after Alaska incident

Air India Express, SpiceJet, and Akasa Air have 32 operational B737-8 Max aircraft in their fleet in the country. The Indian airlines did not find anything adverse during the inspections

India Inc seeks tax reforms, R&D incentives in upcoming interim Budget: EY

EY said that no major tax amendments or reforms are expected in the upcoming Budget as evidenced from the previous Interim Budgets of 2009, 2014 and 2019

Passenger vehicles in fast lane: 2024 begins with 75% surge in inventory

2023 saw 11% growth in automobile retail sales, setting the momentum for the year ahead