Page 650 - Industry News

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

West Bengal clears bill to impose 28% GST on online gaming, horse racing

Minister of State for Finance Chandrima Bhattacharya said when the West Bengal Goods and Services Tax (Second Amendment) Bill, 2023, will become an Act, it will augment the revenue of the state

Tech continues to lead; diversification shapes demand in real estate sector

By the end of 2023, office leasing space is expected to cross 50 million sq ft according to CBRE's 2023 Real Estate Overview and Outlook

Submit bids for green hydrogen, electrolyser mfg projects by Dec 12: Govt

In January 2023, the Union Cabinet approved the National Green Hydrogen Mission (NGHM) with an outlay of Rs 19,744 crore to make India a global hub for manufacturing this clean source of energy

Renewable energy capacity to reach 170 GW by March 2025: ICRA analyst

The country's installed renewable energy capacity was at 130 GW as of October 2023, Vikram V, Vice President & Sector Head - Corporate Ratings, Icra, said in a webinar

Nearly half of Indian consumers want more diversity in ads, shows study

48% of Indians have expressed the need for more inclusive representation by brands, according to a UN-supported study on diversity and inclusion in the advertising sector

Number of air passengers has gone up from 60 mn in 2014 to 145 mn now: Govt

Scindia said that the civil aviation sector is a deregulated sector and despite the impact of the COVID-19 pandemic and rising jet fuel cost, airfares have not increased in the same proportion

Hiring activity for white-collar jobs dips 12% during Oct-Nov: Report

White-collar recruitment during October-November declined by 12 per cent with 2,433 job postings, compared to 2,781 during the corresponding months in 2022, according to the Naukri JobSpeak Index

India set to become most exciting civil aviation market, says IATA director

The International Air Transport Association (IATA) said that airline revenues globally will rise in 2024 as the sector is witnessing continued growth in post-pandemic travel

FMCG companies expand into adjacent categories that offer high growth

The brand is already established in people's mind and these companies already have distribution in place, Rajat Wahi, partner at Deloitte India explained

How growing electric vehicles' sales are speeding end of the oil age

The Paris-based International Energy Agency (IEA), a grouping of 29 industrialized nations, expects world oil consumption to hit its zenith at the end of this decade at 103 million barrels per day

Domestic electronics manufacturing up 4-fold to Rs 8.22 trn in FY23: MoS IT

Union minister Rajeev Chandrasekhar informed the Lok Sabha that India has now reached a stage where 99.2 per cent of mobile handsets being used in the country are manufactured domestically

Govt blocks 100 websites involved in job scams, illegal investments

The Ministry of Home Affairs also asked users to be alert and take precaution, especially before investing in any such very high commission-paying online schemes sponsored over the internet

Air India changes aircraft order with Airbus, cites 'business requirements'

Indian carrier had placed order for 250 planes with European manufacturer

Govt notifies 16 pvt exploration firms for critical, deep-seated minerals

In a bid to encourage private participation in exploration endeavours, the government will provide a financial incentive of up to 25 per cent of the approved cost of exploration

Next spectrum auction to be held in February, reserve price to remain same

Lesser revenue generation expected as telecom operators have already bought most 5G airwaves

India's internet growth continues to decline due to fall in smartphone sale

For millions of Indians, a smartphone is the first port of entry into the internet

Alcohol association welcomes Manipur's move to lift prohibition on liquor

Seeks similar action from Bihar government to help end hooch tragedies and help state earn Rs 10,000 cr

IATA expects sustainable aviation fuel production to rise in 2024

IATA said that in 2023, SAF volumes will reach over 600 million litres (0.5 million tonnes), which is double the amount of 300 million litres (0.25 million tonnes) produced in 2022