Page 637 - Industry News

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.

Year-ender 2023: 5 Women who created history in their respective fields

Many extraordinary women in the world this year accomplished commendable milestones in their respective fields. From Taylor Swift to Prerna Deosthalee, many created history in 2023

Realty firm K Raheja Corp Homes sees strong buyer demand from West India

In addition, the company has plans to add more 2.5 million square feet to build on its existing 6.5 million square feet of saleable area, totalling about 9 million square feet during the rest of FY 24

Working professionals have job redundancy fears over emerging tech: Report

Despite these concerns, the report said 78 per cent of working professionals recognise upskilling as a proactive strategy to navigate the rapidly changing work landscape

India expected to be surplus in coal production by FY26: Pralhad Joshi

India may be surplus in coal production except for some high quality fossil fuel and coking coal needed for the steel industry and imported coal-based power plants.

India's steel import to be elevated at 6MT in FY24 on strong demand: CRISIL

India imported 4.26 MT finished steel in April- November 2023 and the import may touch 6 MT mark in the current fiscal mainly on account of strong domestic demand, according to a report by Crisil

Government may implement 2-month asset freeze of airlines under insolvency

To prevent immediate repossession of aircraft by lessors after default, the government is contemplating a two-month moratorium rule for the aviation sector

Steel demand in FY25 likely to be slower as elections loom: Analysts

"We expect finished steel consumption in India to increase by 9 per cent in FY25, following a 12 per cent rise in FY24," Fitch Ratings said

Valuation rules for GST on e-gaming platforms effective prospectively: FM

Finance Minister Nirmala Sitharaman on Tuesday said the valuation rules for levying 28 per cent GST on entry-level bets on online gaming platforms are effective prospectively

India emerges as key market for technology investments into London in 2023

India emerges as a key market...among the 100 FDI projects won by London & Partners, India leads with a 29 per cent share of inward investment into the capital, followed by Europe

Negotiating trade pact with EU, UK, Sri Lanka, Peru: Commerce ministry

India is negotiating free trade agreements with the European Union (EU), the UK, Sri Lanka, and Peru, according to a year-end review statement of the commerce ministry.

Ajay Singh's shareholding in SpiceJet down by 38.55% due to new fund raise

The airline announced it is going to raise a total of Rs 2,241.5 crore through the issuance of equity and warrants