Page 610 - Industry News
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
 "Passenger vehicles in fast lane: 2024 begins with 75% surge in inventory")
SC seeks Centre's reply to plea against levy of 28 % GST on online gaming
The Directorate General of Goods and Services Tax Intelligence has also been asked to respond to the plea within two weeks
 "SC seeks Centre's reply to plea against levy of 28 % GST on online gaming")
UP govt distributes loans worth Rs 1.72 trn in FY24 to boost MSME sector
The MSME advances clocked Rs 1.5 trillion in FY23 against the target of Rs 78,000 crore, proliferating by 191 per cent
 "UP govt distributes loans worth Rs 1.72 trn in FY24 to boost MSME sector")
Indian single malts beat global brands, capture 53% sales in 2023: Report
The top Indian brands, which contributed to this milestone, included Amrut, Paul John, Radico Khaitan's Rampur, Indri, among others
 "Indian single malts beat global brands, capture 53% sales in 2023: Report")
DGCA increases rest time among other reforms to address pilot fatigue
The new reforms include weekly rest periods of 36-48 hours for flight crew, increasing the official "night period" by an hour, and limiting maximum flight time & duty periods to 8 hours and 10 hours
 "DGCA increases rest time among other reforms to address pilot fatigue")
Hotels, restaurants in Rajasthan to serve millet dishes to tourists
The move comes after a delegation of the Hotel Federation of Rajasthan recently met Chief Minister (CM) Bhajanlal Sharma
 "Hotels, restaurants in Rajasthan to serve millet dishes to tourists")
India's coal imports up 11.7% to 21 MT in Nov, demand likely to be subdued
The country registered an 11.7% rise in coal imports to 20.95 Million Tonnes (MT) in November as compared to the year-ago period
 "India's coal imports up 11.7% to 21 MT in Nov, demand likely to be subdued")
Coal production from captive, commercial mines likely at 187 MT in FY25
The government on Monday said that coal production from captive and commercial blocks is likely to be 186.63 mn tonnes (MT) in the next fiscal
 "Coal production from captive, commercial mines likely at 187 MT in FY25")
Winzo joins hands with IITs to develop model for determining games of skill
Winzo said that it started the study amid concerns about the independence of the proposed self-regulatory bodies in India's online gaming sector
 "Winzo joins hands with IITs to develop model for determining games of skill")
PM Modi to lure tech, EV investments at Gujarat summit as LS polls looms
Foreign investors have bet big on India since Modi came to power in 2014 - with the likes of Apple, Samsung, Kia and Airbus expanding operations
 "PM Modi to lure tech, EV investments at Gujarat summit as LS polls looms")
MF industry assets surge by Rs 11 trn in 2023; crosses Rs 50 trn mark
The year 2023 has seen a substantial increase in overall inflow, data from the Association of Mutual Fund Industry (Amfi) showed on Monday
 "MF industry assets surge by Rs 11 trn in 2023; crosses Rs 50 trn mark")
DGCA says checks of Boeing 737-8 Max planes completed satisfactorily
"These checks have been satisfactorily performed on the fleet of operational fleet of Boeing B737-8 Max aircraft by Air India Express (4), Spicejet (8) and Akasa (20)," DGCA said in a statement
 "DGCA says checks of Boeing 737-8 Max planes completed satisfactorily")
Action on energy demand can save global economy $2 trillion a year: WEF
These targeted practical actions can also boost growth and cut greenhouse gas emissions
 "Action on energy demand can save global economy $2 trillion a year: WEF")
India's oil, gas industry have grown leaps and bounds: PM Narendra Modi
'This is a remarkable step in India's energy journey and boosts our mission for an Aatmanirbhar Bharat,' PM Modi said in a post on X
 "India's oil, gas industry have grown leaps and bounds: PM Narendra Modi")
Leaf out of China's playbook: India may create green channel for e-commerce
Under the plan, e-commerce export zones may be developed near airports where export clearances are quicker
 "Leaf out of China's playbook: India may create green channel for e-commerce")
Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023
Over $4 bn deals on the cards in Jan-Mar as trend continues
 "Offshore syndication of loans at 15-year high, zooms to $21 bn in 2023")
TN global investors meet: Tata Electronics, JSW, TVS unveil mega plans
Hyundai, Pegatron, First Solar also queue up
 "TN global investors meet: Tata Electronics, JSW, TVS unveil mega plans")
Rural startups seek better supply chain, infra, easier access to funds
As the Budget and the Lok Sabha elections draw closer, startups working in various sectors, especially in smaller towns and villages, said they expect the government to look at various teething issues
 "Rural startups seek better supply chain, infra, easier access to funds")
Tata Electronics to sign deal worth over Rs 12,000 cr with TN govt: Report
Reports suggest that Tata Electronics is gearing up to invest Rs 7,000 crore in the expansion of its Hosur plant, spread over a six-year timeline
 "Tata Electronics to sign deal worth over Rs 12,000 cr with TN govt: Report")
IT firms may report soft Q3 as higher furloughs to weigh on revenue growth
All eyes will be on management commentary from IT pack on prevailing customer sentiments across BFSI, and technology services, as well as demand scenario panning out in key markets of US and Europe
 "IT firms may report soft Q3 as higher furloughs to weigh on revenue growth")