Page 625 - Industry News

Critical, offshore mineral blocks set for auction in 2024: Official

In November, the government launched the first tranche of e-auction of 20 mines of critical and strategic minerals. The blocks include copper, lithium, nickel and potash

IBBI forms panel of 787 professionals to expedite resolution process

This move by the insolvency regulator aims to avoid delays and preserve asset value amid rising stressed cases

Govt plans to sell FCI rice under Bharat brand; price not yet decided

Rice inflation is at 13 per cent year-on-year and the government is concerned about key food prices ahead of 2024 general elections

Extension of RoSCTL scheme for 3 years a dire necessity: AEPC tells govt

Under the RoSCTL scheme, the maximum rate of rebate for apparel was 6.05 per cent, while for made-ups, this was up to 8.2 per cent

Commerce ministry proposes new bye-laws for election of EPCs, FIEO

The panel reviewed the existing guidelines and made suitable recommendations about representation of different stakeholders in the managing committee and other posts

Air India, Airbus in talks to set up Rs 3,500 crore pilot training facility

The facility is expected to be formed under a joint venture between the two companies where each will have a 50% stake

5G near airports? DGCA to ask all airlines to upgrade radio altimeters

This precaution is due to the potential interference of 5G emissions with radio altimeters (RAs) on airplanes

Govt directs digital platforms not to carry ads of fraudulent loan apps

Jurisprudence and government approach on safe and trusted internet is evolving, he said adding that IT rules clearly specify 11 areas of prohibited content

Refined petroleum products export rise 32% to 5.6 MMT in November: PPAC

Exports in the April-November period also increased, rising 2.7 percent to 40.8 MMT. This was due to a rise in the outbound shipment of vacuum gas oil

Life insurers' premium income rises nearly 13% to Rs 7.83 trillion in FY23

Renewal premium continues to contribute the majority of total premiums underwritten by life insurers at 52.56 per cent in 2022-23. The rest 47.44 per cent is contributed by the new business premiu

Dense fog disrupts ops at Delhi airport, four flights diverted to Jaipur

According to flightradar24.com, approximately 130 flights were delayed at the airport between 6 am to 12:30 pm

IHG Hotels & resorts focused on bringing more luxury offerings to India

The company's market share grew by 1.2%, biz surpassed pre-Covid levels

Potential bidders set to get three chances in offshore mineral auction

The Ministry of Mines, has also restricted the bid security for 'Production Lease' to Rs 10 crore, contrasting with the Rs 50 crore limit for onshore auctions

Rising input costs, lower price realisation in 2023 trouble tea industry

The year witnessed the tea industry facing an uncertain future, plagued by rising input costs and lower price realisation at auctions, making operations unviable

Another drug from hospitals found to be of sub-standard quality: Delhi LG

According to officials, another drug sample taken from Delhi government hospitals was failed by the RDTL, or Regional Drug Testing Laboratory, in Chandigarh

Inflows from PE, VC funds to domestic companies plunge to $27.9 bn in 2023

Industry watchers, however, said green shoots of more funding is very much visible in the coming year

Intel partners with Israel to invest $25 bn in new manufacturing facility

The new factory is expected to begin operating in 2028. Intel will operate it at least till 2035

India's housing market to continue with high demand, growth in 2024

India's housing market defied logic this year to register all-time high sales as home buyers snapped up deals despite a jump in asking prices and the highest interest rates in six years

EKA Mobility to partner with Mitsui, VDL; plans joint investment Rs 850 cr

EKA Mobility Founder & Chairman Sudhir Mehta said, this partnership represents a significant step toward making India a global hub for electric vehicle manufacturing

Decks clear for house registry, stuck projects in Noida, Greater Noida

The decision will impact around 190 group housing projects across Noida and Greater Noida where developers are yet to clear dues amounting to around Rs 32,000 crore