Page 639 - Industry News

Musk gets an edge over Ambani in Centre's satellite internet battle

The proposal was included in a new draft bill for the telecommunications sector, which seeks to replace the 138-year old Indian Telegraph Act that currently governs the sector

Shipping firms brace for vigilance, price shocks over Red Sea situation

Ocean freight 10% costlier, shippers brace for further setback

Telecom bill attempts spectrum, licensing, dispute resolution reforms

In a key move, it has also allowed telcos to surrender spectrum if they are unutilized. However, the government will not return the amount already paid by the company, people in the know said.

The India Story 2023: Progress, challenges & revamps under 'Make in India'

In the second part of our year-end series, we dive deep into a scheme redefining India's manufacturing landscape

AI may create more jobs than it can eliminate: Tech Mahindra's outgoing CEO

Generative AI technology can create more jobs than it is expected to eliminate, Tech Mahindra's outgoing CEO said, even as its ability to wreck the job market has been discussed on social media.

Goldman Sachs ramps up credit business in India, targets rich diaspora

Goldman joins Wall Street lenders and private equity giants chasing opportunities in an economy that is forecast to grow 7% in the year ending March

Lowrise takes the high ground: Why it's a homebuyers' favourite choice

Investing in a villa at a prime location is seen as a financially prudent decision that provides appreciation and stability in the long run

Foreign tourist arrivals in 2023 at 7.24 million till October, says govt

Foreign tourist arrivals stood at 10.56 million (in 2018), 10.93 million (in 2019), slipping to 2.74 million (in 2020), 1.52 million (in 2021) and 6.44 million (in 2022)

IndiGo becomes first Indian airline to carry 100 mn pax in a single year

IndiGo operates over 2,000 flights per day. It flies to 86 domestic and 32 international destinations

Net leasing of office space seen flat this year across top 7 cities: Report

Net absorption, or leasing of office space, stood at 37.99 million sq ft during the 2022 calendar year in seven major cities -- Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune

Dialling in: Admin price rings louder than satellite spectrum auction bid

While the market for satellite broadband currently is small ($10-15 million), the potential is large as an estimated 30% of the country does not have reliable terrestrial broadband services

India needs 1,000 scrapping centres, 400 fitness test points: Gadkari

Union Road Transport and Highways Minister Nitin Gadkari on Monday said the country needs 1,000 vehicle scrapping centres and 400 automated fitness test centres.

Govt to offer 26 blocks at 9th round of commercial coal mine auction on Wed

Coal and Mines Minister Pralhad Joshi will be the chief guest and Minister of State for Railways, Coal and Mines Raosaheb Patil Danve will be the guest of honour on the occasion

India, UK to hold next round of talks for free trade agreement in Jan

India and the UK launched the talks for a free-trade agreement (FTA) in January 2022, to conclude talks by Diwali (October, 2022), but the deadline was missed due to political developments in the UK

India should actively raise disputes against WTO incompatible schemes: GTRI

GTRI said for raising disputes, the government would require a professional setup akin to the US Trade Representative and a robust panel of experts as the current set up lacks depth

Electric buses penetration set to double to 8% next fiscal: Report

Favourable contracting terms under the GCC model, such as assured rentals, fee revision linked to inflation, and absence of traffic risk have aided the e-bus adoption thus far

Flexible office space market may rise to over Rs 14,000 cr in FY24: Report

As per the report, the annual co-working market size in terms of rental income is estimated to rise to Rs 14,227 crore this fiscal from Rs 8,903 crore in the previous year

Hyderabad most booked city, UP most visited state this year: Oyo Report

The period from September 30 to October 2 recorded the highest bookings among all long weekends in the year, OYO said in a statement

Sugar output down 11% at 7.4 mn tonne during Oct 1-Dec 15 of 2023-24 mkt yr

With Prime Minister Narendra Modi facing election next year, India, which is highly sensitive to food inflation, was likely to ban sugar exports, the first restriction on exports since 2016

Smaller towns turn big market for Apple, account for 60% of iPhone sales

Earlier, tier-1 cities accounted for 65-70% of Apple's sales, however, this has changed in the last few years