Page 647 - Industry News

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

Travel operators FY25 revenue seen jumping 12-14% this fiscal: CRISIL

The double-digit growth seen for the next fiscal comes on the heels of a record high growth in the current fiscal, wherein the sector is poised for a revenue growth of 30%

Govt data shows 500 bird hit incidents involving aircraft in Jan-Oct 2023

According to data shared by the minister as part of the written reply, there were 169 bird-hit incidents in Delhi during January-October 2023

Domestic airlines reported 406 instances of malfunctioning in Jan-Nov 2023

"Technical snags in aircraft are caused due to improper function/malfunction of components/accessories fitted on the aircraft," the minister said

SpiceJet, IndiGo among seven airlines owing more than Rs 95 crore to AAI

Civil Aviation Minister Jyotiraditya Scindia said that three domestic carriers -- Alliance Air, SpiceJet and IndiGo together owe Rs 86.89 crore to the AAI

Mumbai airport handled the highest-ever 4.46 mn passengers in November

On 25 November, the airport experienced peak activity, recording a footfall of 167,132 passengers. This figure comprises 120,000 domestic and more than 46,000 international passengers

Over 12,000 train coaches have digital display boards, says Vaishnaw

Vaishnaw's response came after BJP MP Sumer Singh Solanki wanted to know if the government envisaged to instal digital display boards in railway coaches

Rs 27,131 crore spent on copper imports in FY23: Govt tells Parliament

The spurt in imports is due to increased demand in copper refining, reflecting a post-pandemic recovery, especially the growth in user sectors such as infrastructure, construction

Transition away from coal not happening in foreseeable future: Govt

Although India is pushing for renewable, non-fossil-based energy, but the share of coal in the energy basket is going to remain significant in the years ahead, Parliament was informed

Open access solar capacity grows 21% to 907 MW in Sept quarter: Mercom

India had added 752 MW (Mega Watt) of open access solar capacities in the year-ago period, the research firm said in its 'Q3 2023 Solar Open Access Market Report'

Air passenger traffic continues to grow, reaches 98.2% of pre-Covid levels

Domestic traffic for Oct '23 was also up 33.7% when compared with the same period last year. This was driven by the triple-digit percentage growth in China

65% Indians looking to buy a home in 2024: NoBroker Annual Report 2023

The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home

Coca-Cola conducting pilot test of its alcohol-based beverage, Lemon-Dou

For the test run, the beverage has been priced at Rs 230 for a 250 ml can and is being sold in Goa and some parts of Maharashtra

Unsecured loan concerns: Fintechs explore long-term loans after RBI alert

Meanwhile, for the past few months, the regulator has been cautious about the increase in unsecured personal loans, which can spiral into potential bad loans

India defends quality control orders imposed across various sectors at WTO

US, Canada, 17 other members raised 35 specific trade concerns

Share of urban women with salaried jobs at 6-year low in Q2: PLFS

A recent report by the State Bank of India (SBI) claimed that India's labour market including female employment is undergoing a structural transformation with self-entrepreneurship in 'all echelons'

DGCA gives women wings: Plans 2024 framework to boost participation

About 15 per cent of Indian pilots are women, the highest globally. Dutt noted that within the DGCA, 11 per cent of the workforce consists of women

Full charge ahead: E2W sales likely to breach 1 million mark in 2024

Likely to be driven by increasing penetration in rural areas

Fintechs rule the roost in India's startup ecosystem this year, shows data

While the overall investment paints a gloomy picture, a handful of firms raised big-ticket funding, and some sectors managed to hold ground

Cipla unit recalls one lot of medication in US due to seal integrity issue

Drug major Cipla on Sunday said its subsidiary is voluntarily recalling one lot of medication in the US due to seal integrity issues.