Page 649 - Industry News

RBI to unveil regulatory framework for web aggregators of loan products

Move aimed at increasing transparency and improving lending practices

Infrastructure development picks pace under Modi govt, says Scindia

A Rs 10 lakh crore budget for infrastructure by the present government shows its seriousness for the development of the country, Union Minister Jyotiraditya M Scindia said

RBI's prolonged pause on repo rate favourable for corporate sector: Experts

The RBI expectedly left its key lending rates unchanged for the fifth consecutive time and predicted faster growth in the world's fastest-growing major economy

Coca-Cola set to invest Rs 3,000 crore to install new plant in Sanand

Once the plant begins operations, it will have a workforce of about 400 persons in operational and engineering roles

Maruti's first EV with a range of 550 km set to be launched by March 2025

While Maruti Suzuki retains a dominant market share in the petrol-powered affordable cars segment, given the size and range of the vehicle, the eVX is unlikely to be as affordable as Tata's Tiago EV

As phone makers become 'exports first', they seek a competitive tax regime

The phone industry told govt that 99% of mobile phones sold in India are produced locally. For companies to grow, they need exports

Consumer durables see single-digit growth as penetration remains low

CEAMA has been pushing to have the government lower the GST charge on products to help give the sector a boost

Office rents up 7% in top 7 cities despite tepid leasing in H1FY24: Anarock

The report stated that amid increased office space completions, vacancy levels across most top cities rose marginally except in NCR, MMR, and Kolkata

NCLT grants time to SpiceJet till Jan to explore settlement with lessor

The NCLT on Monday dismissed Willis Lease Finance's plea to initiate insolvency against SpiceJet over unpaid dues due to some technical defects in their plea

Naive to believe new technology will cause no job loss: Meity secretary

The Indian job market is estimated to witness 22 per cent churn over the next five years, with top emerging roles coming from AI, machine learning and data segments, according to the WEF

Realty boost: IT SEZ developers get flexibility to use vacant space

A notification amending the SEZ Rules, 2006, issued by the ministry, said a part of the SEZ could be declared "non-processing area" where free-zone rules would not apply

India on course to become 5th-largest market for travel and tourism

In outbound travel, India will be behind only the US, China, Germany and the UK but ahead of Italy, South Korea, Australia, Canada and France, to name only a few

Govt enacting checks to monitor airfares, says Jyotiraditya Scindia

The Civil Aviation Ministry has a tariff monitoring unit (TMU) that monitors airfares between 30 days to one day ahead of a scheduled flight

Airlines advised to self-regulate on airfares: Scindia on price concerns

Scindia made the statement in response to a written question in the Lok Sabha about surge in airfares and steps taken by the government to address the issue

Electricity demand grows 8.5% in Apr-Oct, supply rises 8.8%: Govt

The energy requirement was 9,05,443 units during the first seven months of 2022, Minister for Power and New and Renewable Energy RK Singh said

From Tata Steel to NMDC, big firms weigh bids for critical mineral blocks

Tata Steel, Vedanta, NMDC among mining giants exploring the opportunity

Western Railway collects Rs 115.71 crore during ticket checking drives

In November 2023, the highest ever monthly ticket checking revenue of Rs 21.20 cr in the financial year 2023-24, was recovered through the detection of 2.94 Lakh ticketless and irregular passengers

Tata Motors lobbies against lowering EV import taxes as Tesla looms: Report

As India tries to boost domestic manufacturing and EV adoption, Tesla is proposing to set up an Indian factory, but is demanding lower import taxes for electric cars

EV retail sales grow 25.5% to 152,606 units in November, says Fada

The e-two-wheeler sales were 18.82 per cent higher at 91,243 units during the previous month from 76,791 units in November 2022

India's goal to clean up transport with sustainable aviation fuel

Around the world, more than 360,000 flights have already been powered by SAF