Page 656 - Industry News

India's flex stock to cross 80 mn sq ft by 2026, Bengaluru tops chart

This phenomenon is expected due to the change in workplace dynamics of the occupiers in tier-1 as well as tier-2 and tier-3 cities

With 123,000 new employees in FY23, bank hiring to hit 10-year high

The highest annual net addition among banks was recorded in FY11 at 125,000, followed by 124,000 in FY12

More visa-free travel for Indians beneficial for Goa tourism as well

Visa-free entry is a carrot to expand $28 billion that 27 million Indians spent overseas in 2019. Those numbers had swelled eightfold and sixfold, respectively, in the two decades before the pandemic

Centre approves procurement of 97 Tejas jets, over 150 Prachand choppers

The Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh also cleared a proposal of the Indian Air Force to upgrade its Su-30 fighter fleet, the sources said

Mobile phone PLI has created 500k incremental jobs: Ashwini Vaishnaw

As many as 5,000 people will work to manufacture smartphones and feature phones at a large scale in the new unit, Vaishnaw said

IT hiring slowdown to continue for 2-3 quarters, global slowdown to blame

Sekhar Garisa, CEO of foundit, said that companies do not need as many designers and content writers as before since technology can help make some of these jobs more efficient

Two-wheeler volumes expected to grow by 4-7% this fiscal year: Report

The festive season this year saw robust growth in two-wheeler retails aided by the upcoming wedding season and some recovery in rural demand, which supported sales growth in the entry-level (110 cc)

Thailand-based MQDC plans to develop luxury housing projects in Delhi-NCR

MQDC India, Indian arm of Thailand-based Magnolia Quality Development Corporation (MQDC), has one operational co-working facility in South Delhi

Housing sales up 22%, new launches grow 17% in Jul-Sep across top 8 cities

Sales of residential units increased to 1,01,220 units in the third quarter of this year from 83,220 units in the same period last year across eight major cities

Sterlite Power wins 8 GW green energy transmission project in Rajasthan

Sterlite Power on Thursday said it has bagged a transmission project, which will aid evacuation of 8 GW renewable energy to Rajasthan, Haryana and Uttar Pradesh.

Apprentice skilling in IT/BFSI industry to create 5 mn jobs by 2025: Report

IT/ITES sector likely to pay between Rs 11,000 and Rs 75,000 to young apprentices

Five states account for more than 70% of on-site worker fatalities

Although the number of factory workers being injured has declined, fatal injuries have increased in the last five years. In 2017, as many as 18 per cent of injuries led to deaths

France's fashion group SMCP strikes deal with Reliance to expand into India

Reliance Brands, a subsidiary of Ambani's Reliance Retail, has partnership deals with dozens of high-end European and American labels, including Bottega Veneta, Burberry, Valentino and Tiffany

Govt concerned about Chinese firms' low share in smartphone exports

Companies like Xiaomi, Oppo, Vivo, and Realme together account for a dominating 74% share of the Indian mobile phone market in terms of volumes. However, their share of exports stands at only 14%

Couples looking for destination weddings, more in India: Industry experts

However, there are more such couples who look for romantic and historic landscapes within the country than abroad, they said

Cabinet approves Rs 1,261 cr scheme to provide drones to 15,000 women SHGs

Centre to bear 80 per cent of the cost of drone estimated at Rs 10 lakh

Machine learning can help forecast inflation yields better: RBI Report

The report said that on average, ML techniques demonstrated superior performance compared to traditional linear models in both pre-pandemic and post-pandemic periods

Karnataka approves 62 industrial investment projects worth Rs 3,607 cr

Minister says state is aiming to be 'investor destination, startup hub, innovation capital'

Limiting bilateral rights not the way to grow Indian aviation: IAG Cargo

CEO David Shepherd calls for 'fair competition' between national and international carriers

No decrease in number of train passengers post Covid: Ashwini Vaishnaw

The minister strongly refuted some reports and comments on social media that the number of train passengers has become half of what it used to be in 2010