Page 611 - Industry News

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

Shoe imports ban, sops to help footwear industry hit $90 bn mark: Report

Economic think tank Global Trade Research Initiative (GTRI) said that the Indian footwear market, valued at $ 26 billion, is projected to reach $ 90 billion by 2030

Unsold homes in Delhi-NCR fall 23% to 94,803 units at 2023-end: Anarock

Delhi-NCR's unsold stock is currently at a decadal low, dropping below one lakh units for the first time in the last 10 years, the consultant pointed out

Investment bankers' fee income grows 28% at record $1.3 billion in 2023

The fee income of investment bankers got a boost due to higher equity and debt issuance volumes which offset the massive plunge in deal activities

Top FMCG makers expect low to mid-single-digit volume growth in Q3

Companies are optimistic of a gradual uptick as early signs of revival in consumption are visible with improving trends in volumes

Duty concessions on petrochemical products key in India-Oman FTA talks

Oman is the third-largest export destination among the Gulf Cooperation Council (GCC) countries

Rise in auto loan interest rates could impact PV sales: Maruti Suzuki

We have reached a very high level of base, and on that base a continuous high growth may be a little difficult. We saw in 2021 the growth to be almost 27%, in 2022 it was 23%, says Srivastava

'Hope govt will fulfil our demands,' say drivers as strike ends in Odisha

Meanwhile, the driver's strike has severely affected the transportation of petrol, diesel and cooking gas in the state

Commercial drivers' strike continues in Odisha; fuel & milk supply affected

The petrol dealers fear that the state is likely to experience scarcity of fuel if the strike is not withdrawn soon

Boeing questioned again about 737 Max plane after window, fuselage blowout

United Airlines also operates a large fleet of 737-9 Max jets. A United spokesman said Saturday the airline had nothing yet to announce about its Max fleet

Testing of imported teas to intensify for compliance of FSSAI norms

Union Commerce Minister Piyush Goya directed the FSSAI to step up testing

Singapore firms to invest Rs 31,000 cr in Tamil Nadu during investors meet

Global investors meet 2024 to see significant investment from Singapore in Tamil Nadu's sustainability and infrastructure development

France sets up an exclusive Country Pavilion at TNGIM 2024 to boost ties

The French Pavilion would showcase some of the Paris-based companies including Michelin, Precia Molen, Valeo, Cryolar and Numeric among others

Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7

A host of representatives from several multinational companies, over 450 international delegates, and representatives from 50 countries are expected to attend the two-day event

E-commerce platforms can't become haven for counterfeiters: Delhi HC

"An e-commerce platform cannot become a haven for infringers. Men are not angels. Where easy money is visible, the conscience at times takes a nap," said Justice C Hari Shankar in a recent order

'Textiles, pharma powered industrial revolution in Gujarat in past 20 yrs'

The growth in textile manufacturing has positioned Gujarat as a driving force in the country's economic growth, officials said

Alaska Air grounds Boeing 737 Max-9 fleet after window, fuselage blowout

The airline is taking the "precautionary step" to temporarily ground the fleet of 65 planes until the completion of full maintenance and inspection, Chief Executive Officer Ben Minicucci said

Red Sea crisis may push shipping costs by 60%, insurance by 20%: GTRI

The increasing Red Sea crisis may impact trade as it is expected to push shipping costs by up to 60 per cent and insurance premium by 20 per cent, a report by economic think tank GTRI said on Saturday

Govt to bring more products under mandatory quality norm: Piyush Goyal

Consumer Affairs Minister Piyush Goyal on Saturday said the government will bring more products under the mandatory quality norm as India moves towards becoming a developed nation by 2047

Cong slams govt over impact of Chinese imports on Gujarat steel MSMEs

Here's a massive flood of imports from China, the country to which the PM has given a clean chit and a country, Jairam Ramesh said