Page 646 - Industry News

Year of blockbusters set to end with record Box Office collection

Bollywood movies' domestic mop-up tops pre-pandemic mark, riding on four Rs 500 cr-plus films

SpiceJet board okays Rs 2,250 crore fundraising from 64 investors

Airline slips back to loss in second qtr

SpiceJet-Wilmington Trust SP Services in deadlock over rental agreement

Spicejet said that as per the repayment schedule of arrears they received, the total amount due from February to December alone was $1,560,011

Indian consumertech industry to reach $300 billion by 2027: Report

The unlocking of India's consumer potential is driven by digital public infrastructure (DPI) and population-scale solutions

Scindia discusses airfares, ways to improve airlines' on-time performance

Civil aviation minister Jyotiraditya Scindia held a meeting with the airline advisory group that was attended by representatives of various carriers, including Vistara CEO Vinod Kannan

Spandana Sphoorty Financial eyes AUM to grow to Rs 28,000 cr by FY28-end

As for geographic diversification, Spandana plans to reduce the share of the top three states to 36 per cent by FY28 from the current 44 per cent. The share of any one state would be capped at 12 %

Job cards of over 54.8 million MGNREGA workers deleted in 2022-23: Govt

Minister of State for Rural Development Sadhvi Niranjan Jyoti said West Bengal saw the highest number of MGNREGA job cards being deleted at 83,43,469, which is 5,203 per cent more than 2021-22

Adani Group to invest $100 billion in the next decade for energy transition

The company said Adani portfolio businesses have an active strategy to decarbonise, pledge to plant 100 million trees by 2030, and undertake innovative pilot projects

South Eastern Coalfields to invest Rs 169 crore on 'Miyawaki' plantation

Headquartered in Chhattisgarh's Bilaspur district, SECL operates 65 coal mines, of which 39 lie in Chhattisgarh while remaining 26 are located in Madhya Pradesh

Rs 11 lakh spent under Green Hydrogen Mission so far in FY24: Govt

Revised estimates for the Mission for FY 2023-24 are Rs 100 crore and expenditure is Rs 11 lakh to date, the government told the Parliament

Disney, Reliance Industries close in on deal to merge India media ops

Plans for a step-down subsidiary of RIL's Viacom18 are being floated to absorb Star India through a stock swap

DGCA rejects telcos' proposal to provide 5G services on airport premises

The Directorate General of Civil Aviation (DGCA) stated that the frequency can interfere with aircraft altimetre and cause disruptions

Tata Group company Tejas bags 5G RAN technology in Rs 12 crore deal

Tejas will be paying a Transfer of Technology (ToT) non-exclusive license fee of Rs 12 crore in multiple instalments based on technical milestones

Union minister Piyush Goyal to chair Board of Trade meeting on Dec 17

It provides a platform for state governments and union territories to give their perspective on trade policy, and also to the government for apprising them about developments affecting India

Some green shoots, but rural a stressor for FMCG companies: Top honchos

Top honchos say urban demand continues to grow

SpiceJet board adjourns meeting, to discuss funding plans on Tuesday

In an evening filing to the BSE, SpiceJet said its board on Monday "could only partially complete the agenda items and the meeting has now been adjourned to December 12, 2023 (Tuesday)"

Foreign tourist arrivals to reach pre-pandemic level by 2024: Govt to LS

In response to a query Union Tourism Minister G Kishan Reddy also shared data on Foreign Tourist Arrivals (FTAs) in the last three years which stood at 1.52 million in 2021 and 6.43 million in 2022

IIT-Kanpur sees 891 offers; Microsoft, RIL, Goldman among top recruiters

The recruiters span different sectors including consultancy, information technology (IT), software, infrastructure, electronics, and manufacturing among others

Hospital industry set to grow at 12% CAGR driven by post-pandemic recovery

This surge in growth has led to an increase in capital expenditure within the hospital industry

IT-SEZs office space vacancies to reduce due to amended rules: Experts

The new regulations will allow partial and floor wise conversion of processing to non-processing areas, through a key amendment to SEZ Rules, 2006, the association said in a statement