Page 630 - Industry News

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

Establishment of aviation ombudsman needs deliberations: Aviation secretary

Airlines free to charge fees for preferential seats during web check-in: Aviation secretary

Telcos likely to show little interest in upcoming spectrum auction

The telcos already have ample spectrum with them. With little scope for 5G monetisation, telecom companies do not see the need to spend towards acquiring more spectrum

Govt envisions PLI 2.0 for steel sector in 2024; curbs on imports awaited

India has set a target of having an installed steel manufacturing capacity of 300 MT by 2030. At present, the country has a capacity of around 161 MT

All-weather licence to Donyi Polo airport in Itanagar; night landing soon

The Donyi Polo airport in Itanagar, the first greenfield airport in Arunachal Pradesh, was inaugurated by Prime Minister Narendra Modi in November 2022

Whisky woos young Chinese as top distillers target growing market

On a recent Friday night at a bar in Beijing, 28-year-old Sylvia Sun, who works in the music industry, was enjoying a whisky on the rocks

Sportswear brands ride the athleisure wave, double India biz in two years

Puma, Decathlon, Adidas, Skechers, and Asics have registered growth in the range of 35 to 60% year-on-year since the financial year 2020-21 (FY21)

SRK, smartphone & Scale: Box office booms for entertainment, OTT in trouble

Media & entertainment has done very well in the physical world. It is the virtual one that is in trouble

Trade generics growth to dent value expansion of domestic drug market

Jan Aushadhi and trade generics together constitute 20-22% of pharma market volumes

Residential realty's robust run, housing demand up 6-9% in top 8 cities

As the industry consolidates, residential developments are being executed by a handful of large developers who have successfully navigated the economic challenges posed by the pandemic

India's battle against scam epidemic: Govt, telcos tackle rising frauds

In this part of the year-end series, we unravel the web of tele-frauds and spams

Hotel demand surge in HP; record 28,210 vehicle cross Atal Tunnel in a day

The hoteliers are upbeat as the local MeT office has predicted rain in mid hills and rain and snow in higher hills on December 30 and 31. The occupancy is around 90 per cent

AHPI welcomes proposed regulator exclusively for health insurance

The AHPI, representing a vast majority of private sector hospitals in the country, is also represented on the IRDAI advisory for the healthcare sector

Gujarat industrial policy aims to make state global biz hub: Stakeholders

In a push for 'Aatmanirbhar Gujarat', the policy supports MSMEs by funding up to 65 per cent of the cost of acquiring foreign patented technologies

Govt to focus on coal-fired power generation in 2024 for energy security

India has installed power generation capacity of about 426 GW, including more than 213 GW of coal and lignite-based projects