Page 620 - Industry News

Competition among Delhi, Noida airports expected to be intense: CAPA India

Airports will have to adjust to an environment in which two principal airlines will hold all of the strategic keys

UP Rera directs real estate developers to sell units on carpet area basis

As per the provisions of the RERA Act and pursuant to other legal agreements and contracts, there is no justification of 'Super Area', UP RERA said

U'khand HC seeks reply from SIDCUL on allotment of green belt land to firms

It was claimed in the PIL that the land has been allotted to industrial companies by SIDCUL, Haridwar without following the provisions of Environment Impact Assessment

Sales of homes up to Rs 50 lakh dip 16% last year; total sales 10-yr high

Knight Frank India CMD Shishir Baijal said, "Characterised by a shift towards more expensive properties, the residential market continues its onward march to achieve another watershed year in 2023

Q3 continues to be slow quarter for IT sector due to curtailed spending

Analyst firms are expecting the large-cap IT services firms-TCS, Infosys, HCLTech, Wipro, and LTIMindtree-to clock revenue growth in the range of negative 1.5 per cent to a positive 4.6 per cent

Gujarat govt signs deals worth $86 billion ahead of investment summit

The home state of Prime Minister Narendra Modi has been signing these agreements ahead of its biennial Vibrant Gujarat Global Summit

Wheat output may touch record 114 mn tonnes in 2023-24 provided normal temp

The last leg of sowing of wheat, the main rabi (winter) crop, is underway and will continue till next week. Till last week, wheat was planted in 320.54 lakh hectares, as per the official data

Finance Ministry approves additional Rs 1,500 cr for FAME-II scheme

Govt had till Dec 26 utilised Rs 8,948 crore of the Rs 10,000 cr allocated under the scheme

2024 to be 'good year' for smartphone industry: Xiaomi India President

Terming India as a market of multitudes, Muralikrishnan asserted that there is an opportunity to have compelling 5G offering at every price point

Puneet Chhatwal takes over as FAITH chairman; will also remain Prez of HAI

Chhatwal is the managing director and chief executive officer at Indian Hotels Company Limited. He will be taking over from Nakul Anand, the former executive director at ITC Hotels

Govt relaxes quality control order norms for ACs to enable ease of business

Quality control orders (QCOs) issued by the government aim to not only improve the quality of manufacturing standards but also enhance the brand and value of 'Made in India' products

Office space demand up 15% in top 8 cities, Bengaluru sees 14% fall: Report

The demand was mainly driven by Global Capability Centres (GCCs), which took on lease 20.8 million square feet last year, up 58 per cent from 2022 level

ONGC wins seven, Reliance-BP one oil, gas blocks in latest bid round

Oil Minister Hardeep Singh Puri said 10 blocks for exploration and production of oil and gas were offered in the eighth round of Open Acreage Licensing Policy (OALP-VIII)

Kolkata's real estate market shows robust growth in 2023: Knight Frank

The surge was fueled by robust occupier interest across various sectors, indicating a positive economic outlook

Metal prices unlikely to improve due to global macroeconomic state: ICRA

Besides, energy costs are likely to increase in the second half of the current fiscal, as the domestic e-auction premia on coal is projected to be significantly higher

Aviation watchdog DGCA carried out 5,745 surveillance activities in 2023

Enforcement actions were also taken against erring pilots/cabin crew, Air Traffic Controllers, non-scheduled airlines, flying training organisations and aerodrome operators, it said

Govt relaxes certain quality control order norms for AC manufacturers

To resolve the issues faced by the industry due to the order, the Department for Promotion of Industry and Internal Trade (DPIIT) has introduced amendments

Situation normalising day after petrol pumps in Punjab see panic buying

The administration in various districts took proactive measures and also tried to resolve things at local level, which has helped the situation return to normalcy, he said

Real estate players seek a host of benefits from the upcoming Budget

In 2023, the Indian real estate sector - both housing and commercial - witnessed a strong momentum fueled by demand, supply, and absorption

Hotel stay in India may cost you 7-10% more in 2024, 15% in Delhi, Mumbai

The market cap of listed hotels, at Rs 1.2 trillion, is expected to reach 1.5 trillion by the end of 2024