Page 633 - Industry News

Air cargo business flies home as carriers recover after pandemic

Indian airlines have carried more domestic freight in recent months but are losing ground to foreign rivals

Christmas cheer: Spot airfares on major domestic routes remain in check

This month, the priority is to maintain fares at a reasonable level to ensure consistently high load factors

Grounding 200 aircraft to have minimal impact on passenger traffic: Report

Research and advisory firm CAPA India had late last month said Indian airlines fleet continues to be severely constrained and close to 200 aircraft may go out of operations by the end of FY24

EV sales likely to reach 10 mn annually by 2030, create 50 mn jobs: Gadkari

Gadkari asserted that India has the potential to become number 1 EV maker in the world and the government is committed to making India a self-reliant country in clean energy

Better profitability to support corporate rating headroom: Fitch Ratings

In a report on the domestic corporates in particular and the economy in general, Fitch Ratings said it seems the profit margins of the corporates it rates jumping by 290 bps above the FY23 levels

India Energy Week 2024 to be held in Goa, 35,000 participants expected

The debut edition of IEW was held in early 2023

Peak power demand likely to touch 350,670 MW mark by 2030-31: Centre

The peak demand has gone up from 135,918 MW in 2013-14 to 243,271 MW in September 2023. This is a rise of almost 79 per cent and the demand has been met, the minister for power said on Thursday

Telecom Bill 2023: Here are 10 important changes that will impact you

Telecommunications Bill: If any mobile user has more than nine SIM cards issued on one Aadhaar card, they will be penalised up to Rs 50,000 for the first time and Rs 2 lakh for subsequent offences

Govt plans to expand coal power fleet to meet soaring demand: Report

Coal is likely to account for the lion's share of this expansion, as gas-fired electricity generation is currently unviable due to the high costs of the fuel

Pharma industry optimistic, expects more collaborative efforts in New Year

The domestic pharmaceutical industry expects another year of sustained growth in 2024 amid various challenges, including maintaining quality standards, while moving from volume to value leadership

Waiver provision removed in Telecom Bill, could hurt Vi recovery: Experts

The original draft of the Bill contained a framework to waive the license fees for financially troubled companies. Had these provisions made it to the final bill, things would have been easier for VI

MakeMyTrip CEO, Genpact CHRO each buy Rs 33 cr apartment in Gurgaon

Rajesh Magow and Piyush Mehta each secured 6,500 sq ft apartments at The Magnolias by DLF on Golf Course Road, showing the growing demand for luxury real estate

Tree cutting begins to expand coal mines in Chhattisgarh's Hasdeo Arand

The Opposition Congress raised the issue in the state Assembly and accused the Bharatiya Janata Party (BJP) government of favouring industrialists

New surveillance tech to reduce midair gap between aircraft from Jan 1

A reduction in lateral separation of aircraft will enable flight operators to take more direct routes, saving fuel in the process

Haryana govt set to introduce comprehensive city gas distribution policy

For the installation of CNG stations, storage facilities, pumping stations, etc., the licensee will need to independently obtain NOCs or permissions from the appropriate

AAP govt announces 'anywhere registration' policy for properties in Delhi

Chief Minister Arvind Kejriwal has approved the policy and the file has been sent to the Lt Governor for notification

164 planes lying idle at 15 airports in country, govt shares data in LS

The grounded aircraft include those of IndiGo, SpiceJet, Go First, Air India, Zoom Air and Alliance Air

Adani family plans $1 bn investment in conglomerate's green energy unit

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals

PE inflow in real estate declines 44% to $3 bn so far in 2023: Knight Frank

However, PE investments from Singapore have improved significantly, contributing more than 50 per cent to the total inflow

Waaree Energies to invest $1 billion in Texas solar panel factory

The announcement is the latest major corporate commitment to solar manufacturing since passage of U.S. President Joe Biden's landmark climate change law last year which offers subsidies and tax breaks