Page 636 - Industry News

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

OEM, dealers to play Santa during year-end for EV passenger vehicles

Carmakers, dealers offering discounts up to Rs 4 lakh

Commerce ministry-promoted ONDC operational in over 500 cities, towns

The government-promoted Open Network for Digital Commerce (ONDC) is at present operational in over 500 cities and towns across India, Parliament was informed on Wednesday

Flexi-staffing industry records four-quarter high growth in Q2: Report

The flexi-staffing industry had grown by 5.4 per cent in the previous quarter

BFSI, telecom, e-commerce most coveted sectors by women in 2023: Report

BFSI, Telecom and e-commerce were the most sought after sectors by women jobseekers this year, with most looking for work from home opportunities, according to a report released on Wednesday

Defence ministry seals deal to procure six patrol vessels for Coast Guard

Out of the six vessels being procured, four would replace the existing aging offshore patrol vessels and the other two would augment the Coast Guard's fleet

AI makes mark in drug discovery in India; start-up Peptris raises $1 mn

Peptris is revolutionizing drug discovery through the implementation of its state-of-the-art AI platform. It is transforming the traditionally lengthy and costly drug discovery process

House panel recommends benchmark percentage of GDP for defence allocation

The panel expressed "surprise" over the defence ministry not taking any action towards arriving at such a benchmark yet following its earlier recommendation

147 MoUs worth over Rs 2 trn signed so far at Vibrant Gujarat Summit

Leading up to the Vibrant Gujarat Global Summit 2024 scheduled for January 2024, as many as 147 MoUs have been signed, projecting potential investments worth Rs 2.91 lakh crore in the initial phase

India's coal production to cross 1 bn tonnes in FY24: Pralhad Joshi

Coal and Mines Minister Pralhad Joshi on Wednesday expressed confidence that the country's coal production will cross one billion tonnes in the ongoing financial year.

Indian apparel industry aims to show wares in Australia, UK, US after Dubai

Rajesh Masand, president of CMAI said the apparel industry will play a crucial role in augmenting India's Ready-made Garment exports to the region

Delhi nears 5,000 EV charging, battery-swapping facilities: Discoms

According to the latest report of the Central Electricity Authority (CEA), Delhi consumes 55 per cent of the power consumed at EV charging points across the country

Indian Railways sets target to become net-zero carbon emitter by 2030

According to Vaishnaw, the Indian Railways has also issued a comprehensive policy for adoption of energy efficiency measures in non-traction applications that cover sustainable buildings

IGX seeks approval for trading of trucked LNG, multi month contracts

Domestic gas consumption has risen 13 percent in first 10-months of 2023

Telecom Bill consumer-centric, pro-investor; clarifies on key issues: BIF

Broadband India Forum (BIF) on Wednesday said the new telecom bill brings clarity on a slew of important issues facing the sector.