Page 624 - Industry News

Govt expanding meeting requirement of medical professionals: Mandaviya

Mandaviya also inaugurated seven integrated public health laboratories in different districts of Andhra Pradesh

From chip makers to car cos, global firms flocking to Gujarat: Officials

As per the official website of the Vibrant Gujarat Global Summit (VGGS), the state has over 200 industrial estates with close to 100 private industrial parks

Pharma lobby bats for drug approvals in India to align with global markets

Launching a new drug in India takes up to four years longer than in markets such as the United States and the European Union, said the pharma lobby

Retail sector set for 10-13% growth in 2024 on luxury, value purchases

Besides, the continuing e-commerce growth with a surge in quick commerce, hyperlocal delivery services and impulse purchases will provide additional tailwinds

YRF FY23 revenue jumped 2.5x to Rs 1,508 cr on the back of Jawan, Tiger 3

Owing to healthy growth in revenue, the company's net profit also jumped 10.3 per cent to Rs 117 crore in FY23

'Govt to increase exports of 10-11 sectors from $160 bn to $500 bn by 2030'

The 11 sectors are auto components, automobiles (including EVs), capital goods, chemicals, drones, medical devices, aerospace and defence, leather and footwear, textiles, and space

US companies are picky about investing in China except fast-food chains

American fast-food chains have decided a market of 1.4 billion people is simply too delicious to pass up. KFC China's parent company opened its 10,000th restaurant in China last month

SpiceJet's resurgence could disrupt Indian aviation market: CAPA India

Earlier this month, cash-strapped SpiceJet announced it is going to raise a total of Rs 2,241.5 crore through issuance of equity and warrants

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

Tech companies planning to step up hiring in tier-2, tier-3 cities in 2024

These cities give firms access to a vast talent pool awaiting an opportunity

Telecom Sector Skill Council aims to train, place 150,000 candidates in '25

The increasing convergence of telecom with the technology sector and especially the launch of 5G has resulted in a higher demand for skilled/unskilled/reskilled workforce in the industry

Consumer durables see premiumisation shift, affordable segment lags

The premiumisation trend was visible among all key categories like televisions, refrigerators, and washing machines

Diversity, transition key drivers of TN industrial growth: Industries secy

About 40 per cent of all EVs manufactured in India come from Tamil Nadu

India's private space industry seeks bold reforms, clarity on FDI

According to industry estimates, the private space sector in India accounts for about two per cent of the global space economy and is projected to grow to about 10 per cent by 2040

Mines ministry identifies offshore blocks in economic zone for exploration

To implement the provisions of the amended Act, the ministry framed two sets of draft rules -- Offshore Areas Mineral Auction Rules and Offshore Areas Existence of Mineral Resources Rules

China aims to build more than half of world's cleaner-fuel ships by 2025

It did not give any estimates of the number of ships involved but said China would build more vessels powered by lower-carbon fuels as part of Beijing's push to become carbon neutral by 2060

30 cos taking advantage of PLI scheme to make millet-based products: Govt

According to the ministry, around 30 companies, including 22 MSMEs, are involved in the promotion of millet-based products under the PLISMBP

Startups hope for strong growth in 2024 after unicorns, funds fall in 2023

As founders continue to focus on operating performance, he said they are are driving robust, sustainable growth with a clear path to cash flow break-even

Malls registered high demand this year, trend likely to continue in 2024

Most malls that opened in 2023 had commitments even before they became operational, and were occupied soon after their opening

Housing sales up 31% in 2023, 476,530 units sold in top 7 cities: Anarock

Housing sales in the top 7 cities breached the previous high of 2022, and new launches stayed in step with the current housing demand, he added