Page 641 - Industry News

Festivals, weddings may struggle to liven up paint firms' prospects

But lower commodity prices are likely to support margins

New era in space exploration: India's moon landing & solar venture

According to the Indian Space Association (ISpA), till November-end, Indian space startups amassed $124 million in funding, compared to $120 million in 2022

India cautious as Tesla yet to share electric vehicle launch pricing

The Texas-headquartered electric vehicle (EV) manufacturer has not disclosed pricing details for the introduction of its cars in the Indian market

MoUs worth over Rs 770 cr signed at adventure tourism convention in Gujarat

The annual convention organised by the Adventure Tour Operators Association of India supported by the Tourism Corporation of Gujarat was inaugurated today at the Statue of Unity in Ekta Nagar

Hospitals see 7-8% surge in patient footfall, new investments in 2023

Jose told Business Standard that investments in medical equipment and increasing bed capacities have picked up in 2023 after a hiatus during the Covid19 period

Govt likely to table Telecommunications Bill 2023 in Lok Sabha on Monday

The draft Telecommunications Bill released in 2023 had proposed to bring the internet based calling and messaging apps under the definition of telecommunications to enhance users' safety

India's Akash missile engages four targets at once at 25km, a global first

The Akash, with a range of up to 25 km, is a short-range surface to air missile primarily used for protecting vulnerable areas and points from air attacks

Govt to help exporters maintain documentation to deal with US duty cases

Before imposing countervailing or anti-subsidy duty (CVD), a country carries out detailed investigations on products which it believes that its trading partner is subsidising for export purposes

Wedding season: Durable makers witness pickup in sales of products

The industry, which concluded the festive sales with a growth of 15-20 per cent mainly driven by premium products, got a further boost during the wedding season

Diesel sales recover after Diwali drop but still lower than last year

Industry officials said the November dip in sales was largely on account of some truckers taking Diwali break to visit their homes

Electronics, services exports to contain slide in growth rate of trade

Economic think tank Global Trade Research Initiative (GTRI) in its report said that despite global challenges, India's exports and imports of goods and services are likely to dip by 2.6 per cent

India's love of homegrown single malts is shaking up Pernod, Diageo

As India comes into its own as a maker, not just consumer, of whisky, its single malts are reshaping the country's $33 billion spirits market

Rajasthan High Court issues notices to state, Centre on drug menace

The court also noted that despite arrests and detention of drugstore employees and owners, constructive investigations leading to the origin of the trade have been lacking

Delhi retailer gets Rs 3,000 penalty for charging Rs 7 for paper carry bag

'Customer has a right to know, before making his purchase that additional cost of the carry bag will be charged and also has the right to know the salient specifications and price of the carry bag'

Delhi govt working on cabinet note for MoU with NCRTC for 2 RRTS corridors

Supreme Court in its order on August 5, 2019, directed the Delhi government to make contributions from its own funds saying the ECC fund could not be used for that purpose

Genrobotics chosen among top three Indian startups at global AI summit

Genrobotics was honoured for its outstanding innovation in healthcare by developing G Gaiter - an advanced AI -powered robotic gait trainer

Germany-based KfW Development Bank to fund Bengaluru Suburban Rail Project

As per the agreement, KfW Development Bank will provide Euro 500 million (Rs 4,552 crore) and a grant of Euro 4.5 million (Rs 41 crore) for the BSRP

13 states, UTs among achievers in logistics performance index: DPIIT report

The index aims at enhancing focus on improving logistics performance across states, which is essential for improving the country's trade and reducing transaction costs

21 companies bid for Centre's incentives to manufacture electrolysers

Meanwhile, 14 companies have evinced interest for incentives to set up production facilities of 5,53,730 tonnes of green hydrogen, against the offered capacity of 4,50,000 tonnes

Year on year, Indian companies squeeze spending on research and development

The little money they have invested in a decade went into recurring expenses