Page 648 - Industry News
Import influx, post-festival slack in demand prompt steel price correction
According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating
 "Import influx, post-festival slack in demand prompt steel price correction")
Affordability levels of homes hit in last 2 years, to improve in 2024: JLL
The improvement in affordability levels next year would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans, JLL said
 "Affordability levels of homes hit in last 2 years, to improve in 2024: JLL")
Registration of properties in Pune up 7% in Nov amid higher demand: Report
During January-November 2023, Pune city recorded total registrations of 137,217 properties, up 9 per cent from 125,702 registrations in the corresponding period of the last calendar year
 "Registration of properties in Pune up 7% in Nov amid higher demand: Report")
Proposed US bill to charge large apps should be adopted in India: COAI
Telecom industry body Cellular Operators Association of India (COAI) said that the proposed bill in the US vindicates the stand taken by service providers in India
 "Proposed US bill to charge large apps should be adopted in India: COAI")
Need consistent EV policy, no need for company-specific sops: FICCI
It shouldn't be that one day you say that Make in India is important..and then you say that now duties are reduced. Policy should be long-term and consistent," Motwani said
 "Need consistent EV policy, no need for company-specific sops: FICCI")
Govt working to ensure export sector becomes self-sustaining: Piyush Goyal
GIFT City will play a pivotal role in powering India's exports to $2 trillion by 2030, and then onwards to up to $10 trillion that it envisages to see by 2047, Goyal said
 "Govt working to ensure export sector becomes self-sustaining: Piyush Goyal")
DGCA plans to come out with framework on gender issues early next year
The President of Women in Aviation India stressed on the need to support education and training for girls aspiring to enter the industry amid India's ascent as a major global aviation market
 "DGCA plans to come out with framework on gender issues early next year")
Hospitality industry expects hiring to speed up after robust growth in 2023
Experts say that following the pandemic, the hospitality sector has undergone a huge transformation, entirely reshaping the employment landscape
 "Hospitality industry expects hiring to speed up after robust growth in 2023")
FTA with Britain, EU will be a game changer for domestic industry: AEPC
Apparel Export Promotion Council (AEPC) Chairman Naren Goenka said that trade pacts with the UAE, Australia and Japan are providing market access for the sector
 "FTA with Britain, EU will be a game changer for domestic industry: AEPC")
Office space demand may fall 18-22% this CY: Credai-CRE Matrix
The absorption of office space was 70 million square feet during 2022
 "Office space demand may fall 18-22% this CY: Credai-CRE Matrix")
India's busiest routes see surprise dip in airfares for year-end travel
Fare 'adjustment' comes as airlines seek to rectify missteps taken before Diwali
 "India's busiest routes see surprise dip in airfares for year-end travel")
Ban on sugarcane juice won't affect ethanol blending targets: Officials
The latest government direction has come as negative news for sugar companies, with their stocks trading lower for the second day on Friday
 "Ban on sugarcane juice won't affect ethanol blending targets: Officials")
Ayodhya airport to be ready by month-end, says Jyotiraditya Scindia
The grand inauguration of the Ram Temple in Ayodhya is set for January 22 next year
 "Ayodhya airport to be ready by month-end, says Jyotiraditya Scindia")
$40 billion apparel exports target by 2030 is achievable, Goyal confident
Commerce and Industry Minister Piyush Goyal said that the government is taking steps to promote exports such as entering into free trade agreements and promoting brand India
 "$40 billion apparel exports target by 2030 is achievable, Goyal confident")
Second time in 6 mths: DoT invites applications for Trai chairman post
The DoT had first advertised for the position on June 22
 "Second time in 6 mths: DoT invites applications for Trai chairman post")
PM launches Aatmanirbhar Bharat Centre for Design to promote local crafts
A centre to promote indigenous crafts of India and contribute to sustainable cultural economy with a vision to achieve self-reliance was launched here by Prime Minister Narendra Modi on Friday.
 "PM launches Aatmanirbhar Bharat Centre for Design to promote local crafts")
India's gem, jewellery industry to resume imports of rough diamonds
The gem and jewellery industry will lift the voluntary suspension of rough diamond imports on December 15, which is in effect from October 15 to December 15
 "India's gem, jewellery industry to resume imports of rough diamonds")
Sugar associations demand review of plan for ethanol from sugarcane juice
ISMA says move may delay cane price payment to farmers
RBI plans cloud for financial data, repository for fintech information
It will be rolled out in the medium term and eventually be transferred to a separate entity owned by the financial sector participants, the regulator said
 "RBI plans cloud for financial data, repository for fintech information")
RBI to unveil regulatory framework for web aggregators of loan products
Move aimed at increasing transparency and improving lending practices
 "RBI to unveil regulatory framework for web aggregators of loan products")