Page 634 - Industry News

Cotton output may decline by 8% to 29.4 mn bales in 2023-24 season: CAI

Cotton production may decline by around 8 per cent to 294.10 lakh bales in the 2023-24 season due to lower yields in most growing regions, according to the Cotton Association of India (CAI)

Delhi airport to have multi-modal transport hub near Aerocity: Operator

The new facility will help passengers from adjoining interstate cities to catch international flights

GSI data, NGDR to help makers of pumped storage hydro projects: Official

Mines Secretary V L Kantha Rao on Thursday stressed on the role of leading organisations under the mines ministry, including the GSI, to build pumped storage hydro power projects and highways

Zerodha's Nithin Kamath joins Centre's reconstituted startup advisory panel

Kamath said that he was excited to join the council and that India needs to unlock its domestic capital to nurture startups

Alcoholic beverages exports to cross $1 bn in next few years: Report

The global trade of these products is $130 billion. The world trade in the segment is being captured by Scotch ($13 billion)

Shipping companies revenue may decline by 5-7% in next fiscal: CRISIL

Domestic shipping companies are likely to see a further 5-7 per cent decline in revenue in the next financial year amid normalisation of the rates, a report said on Thursday

Coforge, Microsoft Azure join hands for new generative AI solution

The development comes after Coforge's recent launch of Coforge Quasar, a Gen AI Platform designed to build Enterprise AI capabilities

Parliament winter session: Rajya Sabha passes Telecommunications Bill 2023

It also allows the Centre to take possession of a telecom network in case of any public emergency or in the interest of public safety

India to register highest home sales since 2008 in 2023: JLL report

In the first 9 months of 2023, the highest sales were reported in the mid-segment homes, with a ticket size of Rs 50-75 lakh

Nov retail inflation rises 7.37% for farm workers, 7% for rural labourers

The benchmark for rural labourers increased 1 to 10 points in 11 states, climbed 11 to 20 points in five states and jumped more than 20 points in three states

Committee recommends route to direct listing at IFSC GIFT city: Report

The group also suggested that Indian mutual funds may be permitted to participate in direct listings at the IFSC up to a limit of 1% of their assets under management

Gujarat's diamond sector sparkles, new bourse to take turnover to Rs 2 trn

According to industry experts, the contribution of the state's diamond sector is only going to get bigger with the new bourse as the turnover is projected to go up to Rs 2 trillion annually.

India's foreign policy follows 'mix-and-match diplomacy,' says PM Modi

When questioned about India's relationship with the United States and whether it could be characterised as an alliance, PM Modi highlighted the "upward trajectory" of relations

Australia to send military personnel to protect cargo shipping in Red Sea

The US and its allies are concerned by China's growing assertiveness in the region

For salary hikes, IT firms now considering tenure along with performance

The IT majors are making changes in their pay increment structure to maintain margins at a time when the sector is going through a tough time globally

In 2024, hospitality sector to tap opportunities in underserved Indian mkts

As per analysts' estimates, Chhatwal, who is also the Managing Director and CEO of Indian Hotels Company Ltd (IHCL), said the sector had clocked a 14 per cent growth in Revenue Per Available Room

FMCG giants embrace real-time data exchange for quick commerce channels

FMCGs including Nestle, ITC, Parle Products, LT Foods, and Coca-Cola, are leveraging real-time data exchange and demand forecasting to prevent stock-outs on quick-commerce platforms

India set to launch first-ever offshore mineral auction in Q1CY24

Critical minerals are defined as those that are essential to the economic and national security of a nation but that have a supply chain vulnerable to disruption

Govt asks airport operators to explore biometric models for smooth travel

At the meeting on Tuesday, the airport operators were also tasked with presenting biometric enabled models being successfully used in other countries, according to an official release

Reliance Jio gains 3.47 mn, Vi loses 0.74 mn users in September: Trai

Bharti Airtel, the second-largest player in the market, saw its subscriber count increase by 1.32 million users