Page 653 - Industry News
Tea exports decline 4.93% to to 157.92 million/kg during Jan-Sep
Tea exports from India during January to September declined 4.93 per cent to 157.92 million kg, according to latest Tea Board data.
 "Tea exports decline 4.93% to to 157.92 million/kg during Jan-Sep")
Air India moves its computational workload to cloud; shuts two data centres
In a release on Tuesday, the Tata Group-owned airline said it has successfully migrated to a cloud-only IT infrastructure, having closed its historic data centres located in Mumbai and New Delhi
 "Air India moves its computational workload to cloud; shuts two data centres")
Homegrown BoAt, Noise working on in-house R&D to fend off Chinese rivals
Boat and Noise have increased investments in research and development even as Chinese brands have begun inching into the top five
 "Homegrown BoAt, Noise working on in-house R&D to fend off Chinese rivals")
BSNL planning to allocate more employees towards enterprise business
The decision to increase human resources in the enterprise business comes at a time when BSNL has registered a dip in revenue in the segment in the last two quarters
 "BSNL planning to allocate more employees towards enterprise business")
Samples of 59 drugs declared as 'not of standard quality', says CDSCO
The CDSCO in its alert, which was issued recently, said that 1,105 samples were tested
 "Samples of 59 drugs declared as 'not of standard quality', says CDSCO")
Realty sector's inventory surges to over Rs 1 trn, outpacing sales growth
This analysis is based on a common sample of 19 listed real estate companies that are part of the BSE500, BSE Midcap, and BSE Smallcap indices
 "Realty sector's inventory surges to over Rs 1 trn, outpacing sales growth")
Flights cancelled, airfares jump 52-171% as rainfall batters Chennai
Airfares on the Chennai-Hyderabad route saw the steepest increase of 171.5 per cent as airfares increased from Rs 5,925 to Rs 16,089
 "Flights cancelled, airfares jump 52-171% as rainfall batters Chennai")
Average daily international passenger traffic soared 8.36% in November
The average daily domestic traffic also rose by 3.94 per cent M-o-M to 423,883 in November due to Diwali and other festivals
 "Average daily international passenger traffic soared 8.36% in November")
India joins Battery Energy Storage Systems Consortium for RE integration
IndiGrid, a power sector infrastructure investment trust, was awarded its first BESS project to design, supply, test, install, commission, operate, and maintain a 20 Mw/40 Mwh in Delhi
 "India joins Battery Energy Storage Systems Consortium for RE integration")
MOIL manganese ore production grows 43% to 108,800 tonne in Apr-Nov
It had produced 7.58 LT manganese ore during the year-ago period, MOIL said in a statement
 "MOIL manganese ore production grows 43% to 108,800 tonne in Apr-Nov")
Indian IT battles slowdown in US, hiring to be muted for next 2-3 quarters
This implies that hiring will be in the slow lane even in the first quarter of FY25
 "Indian IT battles slowdown in US, hiring to be muted for next 2-3 quarters")
AAI saving nearly Rs 515 cr annually from leasing out of six airports
Six airports -- Mangaluru, Lucknow, Ahmedabad, Thiruvananthapuram, Jaipur and Guwahati -- were leased out under the Public Private Partnership (PPP) in 2018
 "AAI saving nearly Rs 515 cr annually from leasing out of six airports")
IEX total trade volume jumps 18% to 9,136 million units in November
The exchange had recorded total trade volume of 7,764 MU in November 2022, as per IEX data
 "IEX total trade volume jumps 18% to 9,136 million units in November")
Upskilling improves professionals' appraisal more than two-fold: Report
Women who upskilled found it easier to return to work after a break, says upGrad
 "Upskilling improves professionals' appraisal more than two-fold: Report")
Primary steel industry to face challenges in H2 amid weak market: ICRA
The domestic hot rolled coil (HRC) prices have corrected by 6.7 per cent since early October 2023, while the rebar prices witnessed a fall of 4.7 per cent in the same period, the ratings agency said
 "Primary steel industry to face challenges in H2 amid weak market: ICRA")
Disbursal of Rs 79 cr under PLI for white goods expected in last quarter
The production linked incentive (PLI) scheme on white goods seeks to encourage domestic manufacturing of air conditioners and LED light components
 "Disbursal of Rs 79 cr under PLI for white goods expected in last quarter")
Steel firms to hike qtrly contract prices after downward revision earlier
Tata Steel, JSW Steel, ArcelorMittal Nippon Steel India and other producers settling contracts
 "Steel firms to hike qtrly contract prices after downward revision earlier")
Japan firm TDK Corporation to make iPhone Li-ion battery cells in India
Commercial production to supply cells to Apple is expected to begin in the next 12-18 months
 "Japan firm TDK Corporation to make iPhone Li-ion battery cells in India")
GenAI, climate & fintech, hot bets for investors next year: Accel's Prakash
Generative AI is a type of artificial intelligence technology that can produce various types of content, including text, imagery, audio and synthetic data
 "GenAI, climate & fintech, hot bets for investors next year: Accel's Prakash")
RIL, Adani, JSW group, L&T enter race for green H2 and electrolyser
Most of the companies participating in the SECI tenders have already chalked out plans for the green hydrogen business and would use this tender as an initial plank
 "RIL, Adani, JSW group, L&T enter race for green H2 and electrolyser")