Page 617 - Industry News

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

Leading domestic pharma Companies to see 9-11% revenue growth in FY24

'Icra expects the revenues of a sample set of 25 Indian pharmaceutical companies (which account for 60 per cent of the overall revenues of the Indian pharmaceutical industry)

Indians downloaded 26 billion apps on mobile devices in 2023, shows data

Among app categories, gaming led the download numbers with 9.3 billion, followed by social (over 2.36 billion), and photo and video (1.86 billion)

DGCA to enhance regulatory capacity to induct more planes this year

The Directorate General of Civil Aviation on Thursday said there are a total of 16 airlines in the country that are operating with 771 aircraft.

Keen to expand ECGC cover, form committee to boost jewellery export: Goyal

Meanwhile, he said, India has the potential to become the global epicentre of the gem and jewellery industry with a holistic ecosystem encompassing all diverse constituents and elements

ICRA predicts 9-11% growth in FY24 fuelled by new launches, US rebound

ICRA anticipates expansion in revenues for its sample set of 25 companies, which represent approximately 60 per cent of the overall revenues of the Indian pharmaceutical industry

Govt reviews captive coal mines status; urges allottees to rise production

Within three-and-a-half years of commencing commercial coal mines auction in 2020, 6 mines with a cumulative Peak Rated Capacity (PRC) of 14.87 million tonnes (MT) have already started production