Page 613 - Industry News

Government orders new drug-making standards after overseas deaths

The health ministry said in August that inspections of 162 drug factories since December 2022 found an 'absence of testing of incoming raw materials'

War, weather put global ocean shippers on notice for rough seas in 2024

Maersk on Friday joined other major ocean carriers in rerouting ships away from the Red Sea to avoid missile and drone attacks in an area that leads to the vital Asia-Europe Suez Canal shortcut

E-way bill generation without B2B e-invoice data to be blocked from March 1

Businesses with turnover above Rs 5 crore will not be able to generate e-way bill without including e-invoice details for all B2B transaction from March 1

Oil prices rise as Blinken begins week-long sweep through the Middle East

Shipping giant Maersk said it will divert all vessels away from the Red Sea for the foreseeable future, warning customers of disruptions

As interest rates rise, zombie companies haunt India Inc

The waters are rising for firms whose earnings are not enough to repay debt

DDA new scheme: 138 super HIG flats booked on first day in e-auction mode

The registration for these flats began on November 30 and the e-auction began on Friday. The premium received was as much as 80 per cent in some cases, the DDA official said

India to sign MoU with Guyana to buy crude oil for a period of 5 years

India, the world's third largest energy consumer and importer, is looking to diversify its sources of oil imports and the South American nation is one of the countries it is tapping for that

Tamil Nadu to come up with semiconductor policy during investors meet

The government is expecting a record investment during the investors' meeting

Govt rolls out mandatory quality norms for electrical accessories

The order will come into force from six months of the date of publication of the notification, DPIIT said

Sobha Q3 sales bookings up 37% at Rs 1,952 cr on strong housing demand

Realty firm Sobha Ltd has reported a 37% increase in sales bookings at Rs 1,951.6 crore in the third quarter of this financial year, mainly on the back of strong housing demand in Bengaluru

Indian fintech funding declines 63%; raises total $2 bn: Tracxn Report 2023

Despite the decline, the Indian fintech sector has retained its position as the third-highest funded globally in 2023

Assam got record investment proposal of over Rs 11,000 cr in 2023: CM Sarma

Under the new industrial policy, customised incentives were offered for mega projects which have a minimum investment of Rs 100 crore and a minimum of 200 permanent employees

India-UAE joint military exercise 'Desert Cyclone' underway in Rajasthan

The exercise will enhance cooperation and interoperability between both sides during peacekeeping operations

DST mulls over positioning India as global S&T leader for Viksit Bharat

Secretary DST suggested organising brainstorming sessions to further dwell on such plans and prepare a work programme on some key areas, the statement added

Apple supplier TDK bets its new batteries will change smartphone game

To keep its lead in the cutthroat smartphone field, where TDK controls more than a third of the battery market, the company will have to keep chasing knowhow, Saito said

Untrained pilots in fog: DGCA issues notices to Air India, SpiceJet

Hundreds of flights were delayed during the fog season in December

Domestic carriers inducted a total of 133 planes in 2023, says DGCA

Out of the total, 21 aircraft were taken by the carriers on wet lease

IndiGo removes surcharge after 3 months as aviation fuel prices decline

Country's biggest airline on October 5 imposed a surcharge of up to Rs 1,000 based on flight distance

Govt to come up with 65 QCOs to curb imports of sub-standard goods

Joint Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Sanjiv said these orders are promoting safe products to consumers

India will have to eventually move to lower customs duty regime: DPIIT

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that tariffs are not really considered a revenue source