Page 626 - Industry News

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

Electronics exports propelled by mobile show sharpest surge in top 10 club

Electronics exports up from sixth to fifth position this financial year

PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre

According to the Commerce and Industry Ministry, as many as 746 applications have been approved till November 2023 under these schemes

Godrej Properties sells more than 600 flats for Rs 2,600 cr in Gurugram

During April-September 2023-24, Godrej Properties achieved 48 per cent growth in its sales booking to Rs 7,288 crore as against Rs 4,929 crore in the year-ago period

Eight out of ten fliers faced issues with Indian airlines, says survey

Major challenges identified include issues with in-flight services, boarding, check-in, baggage procedures, and poor aircraft interiors, including seats

Indian poultry industry revenues to grow by 8-10% in FY24, says report

The revenue growth expectations of the domestic poultry industry are likely to be at 8-10 per cent in FY24, which will be led by significant volume expansion and improving share of organised players

Gross leasing of office space up 12% this year across 6 cities: Savills

"Mumbai saw record leasing activity at 10.1 million square feet owing to large transactions by tech and consulting occupiers," Savills said

Oil extended gains as investors eye Middle East tensions, US rate cut

While hopes of rate cuts and conflict in the Red Sea have led to a rebound in crude prices, Maersk's announcement of a restart of shipping routes through the waterway has alleviated supply concerns

India, Oman free trade agreement likely to be inked next month: Official

Officials of the two countries concluded the second round of talks for the pact, officially dubbed as Comprehensive Economic Partnership Agreement (CEPA) earlier this month in Muscat

Payment woes delay supply of Russian Sokol oil crude to India: Report

IOC is the only state refiner that has an annual deal to buy a variety of Russian grades, including Sokol, from Russian oil major Rosneft. Sokol oil is supplied to IOC by Sakhalin-1 LLC

Operating profit of offshore rig operators may jump 30% in FY25: Report

According to Naveen Vaidyanathan, a director with Crisil, higher day rates will benefit domestic rig operators as existing contracts with lower rates get reset with higher-priced contracts

Indian businesses gearing up for responsible AI adoption: Nasscom

About 30 per cent reported having basic awareness of RAI imperatives without a formal strategy or framework, the report said citing the early insights on the state of RAI in India

Shrinking market share, govt pressure trouble Chinese smartphone makers

Chinese smartphone brands are fast losing market share in Europe, North America, and Japan. On the other hand, Apple and Samsung have grown as people increasingly prefer premium devices

DPIIT working with 24 sub-sectors to promote manufacturing, cut imports

The commerce and industry ministry on Tuesday said that since its launch, 'Make in India' has made "significant" achievements and is now focusing on 27 sectors under 'Make in India 2.0'

Renewable energy investments in India to jump 83% to $16.5 bn in 2024

Apart from solar and wind energy, India has increased its focus on green hydrogen in a big way to reduce dependence on fossil fuels, mainly diesel, which is required for long haul vehicles