Page 654 - Industry News

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

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

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

Upskilling improves professionals' appraisal more than two-fold: Report

Women who upskilled found it easier to return to work after a break, says upGrad

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

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

Steel firms to hike qtrly contract prices after downward revision earlier

Tata Steel, JSW Steel, ArcelorMittal Nippon Steel India and other producers settling contracts

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

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

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

Delhi airport to levy higher charges on airlines for grounded aircraft

Jaipuriar, who is in charge of country's largest airport, was responding to a query on whether the operator will look at levying higher charges from airlines for aircraft that are grounded at airport

Statsguru: India is one of the world leaders in assembled phones industry

Under the 'Make in India' initiative, the share of domestically assembled phones of the total phone shipments (or sales) rose to 98 per cent in 2022 from 19 per cent in 2014

COP28: India refrained from signing on global renewable energy pledge

India has been asking countries to agree to phase down all fossil fuels rather than a narrower deal to phase down coal

Waltair Division breaks Nov loading records, crosses 1,700 loading barrier

The Waltair Division is one of three railway divisions in the East Coast Railway zone. In 2020-21, the division loaded 61.17 million tonnes

Rooftop solar installations rise 34.7% to 431 MW in Jul-Sep: Mercom

The rooftop solar installations were at 320 megawatt (MW) during the three-month period of 2022, the research firm said in a report

Proposed 5% biogas blending with LNG can cut imports worth $1.17 bn: IBA

The study comes against the backdrop of the government's recent mandate to blend one per cent biogas with piped natural gas (PNG) supplies in the country from April 1, 2025

Govt to approve 10-11 testing labs set ups for cotton, textiles by Dec 16

The government will initially roll out 10-11 laboratories in different parts of the country, seven of which will be hosted in the seven textile research associations, Union minister Goyal said

India's energy needs to double by end of decade, says Mukesh Ambani

Speaking at the convocation of Pandit Deendayal Energy University (PDEU), Ambani said the Indian economy will become a $40 trillion economy by 2047 from the current $3.5 trillion

Penetration of international air travel remains low in India: CAPA

Over the 15 years to FY19, international passenger volumes at Indian airports witnessed a 10 per cent CAGR surge, reaching 69.5 million -- 4.2 times higher than in 2004, Kaul noted

Tea production rises 12.06% to 182.84 million kg in October: Industry body

Tea production in the country increased by 12.06 per cent to 182.84 million kg in October this year as compared to 163.15 million kg in the corresponding month last year.