Page 658 - Industry News

Irdai sets up 11-member taskforce to examine the impact of DPDP Act

The task force is expected to submit the report within a period of 1 month from the issuance of the order

Bengaluru gets AMD's new global design centre, to accommodate 3K engineers

India's semiconductor market is expected to touch $64 billion by 2026, almost three times its size of $22.7 billion in 2019, according to Counterpoint Research and IESA

Center plans to increase coking coal shipments from Russia: Report

Russian coking coal cargoes are already cheaper than Australian supplies, and some Russian suppliers are willing to lower their prices, said sources

MICE leaders to hold meet to develop India as hub for hosting conferences

The industry roundtable by the Ministry of Tourism will be held at the Bharat Mandapam in New Delhi

First tranche auction of critical and strategic minerals to start on Nov 29

Twenty blocks of critical and strategic minerals being put on sale are spread across the country from November 29

AIPEF demands probe into coal shortage at thermal power plants, imports

The engineers' body also said the central government should bear the additional cost of coal imports by power generation utilities, according to an AIPEF statement

Vodafone Idea likely to miss December deadline to raise funds: Report

The delay in plans to raise fresh funds is crippling the telco's plan to launch its 5G services

OPEC defends 'vilified' oil-and-gas industry on eve of climate meeting

The Organization of Petroleum Exporting Countries said that the IEA has "unjustly vilified" the industry over its role in the climate crisis

Twin aircraft crashes: Flight academy officials booked for not cooperating

Aircraft from the academy had crashed on October 19 and 22 in Baramati tehsil

Mines ministry preparing policy for critical minerals to boost supply chain

Critical minerals such as copper, lithium, nickel, cobalt and rare earth elements are essential components in many of today's rapidly growing clean energy technologies

India's engineering exports surge in US, Saudi Arabia, and UAE in October

The value of engineering exports to the US in October was $1.39 billion, up 2.2 per cent year-on-year, while shipments to the UAE rose 2.9 per cent to $348.6 million

99% of mobiles used in India are made in India, says Ashwini Vaishnaw

'Have moved up value chain in electronics manufacturing'

1/4th of Indian carriers' aircraft may be grounded by March-end: CAPA

Meanwhile, domestic traffic is expected to grow by 15 per cent Y-o-Y in 2023-24 to 155 million, according to the report

DLAI appoints Hemachandra, Prasad as independent directors to board

The appointment of independent directors will ensure stakeholder interests are represented and the association's operations are in compliance with relevant regulations, DLAI said

Trai won't cancel Apple phone registration over DND application row

Talks with the iPhone maker are going on and the issue may be resolved in a few months, say senior officials

Electric buses to account for 13% of new bus sales by FY25, says ICRA

E-bus penetration has reached 7 per cent in FY2023, it noted

India projected to see domestic air passenger traffic of 155 mn in FY24

"Domestic air traffic in FY2024 has remained above FY2020 levels in every month to date, although the strength of recovery has eased in the last couple of months

Vistara flight from Kolkata to Delhi diverted due to air traffic congestion

Flight number-UK778 has been directed to Lucknow and is expected to arrive in Lucknow at 1845 hours

After Air India, IndiGo launches AI-powered chat assistant for customers

While Maharaja is powered by Microsoft's Azure OpenAI service, 6Eskai is powered by Microsoft's GPT-4 technology

Delhi airport to use predictive analysis, AI-based solutions to improve ops

The airport, which is also the country's largest airport, handles around 1,300-1,500 flights daily and expects to have more than 70 million passenger traffic in the current fiscal ending March 2024