Page 665 - Industry News

SEA urges govt to hike duty difference between crude, refined palm oil

Solvent Extractors' Association of India (SEA) President Ajay Jhunjhunwala pointed out that Indian vegetable oil (comprising of edible and non-edible oil) refining industry is "facing challenges"

Titan plans to hire over 3,000 employees in next 5 years across domains

The company is looking for professionals with specialised skills such as data analytics, cyber security, product management, digital marketing and other new-age skills

Lack of real-life use cases preventing major telcos from charging for 5G

Telcos are looking for services that fully leverage 5G tech. In the absence of such services, the telcos have no option but to offer 5G services at 4G rates

Cricket WC final drives highest-ever single-day air traffic at 460,000

The rise in air traffic comes after the initial days of November registered muted domestic air traffic, which is uncommon for a festive period

Strides Pharma arm obtains USFDA nod for Levetiracetam oral solution

According to market research firm IQVIA, the Levetiracetam oral solution has a market size of $55 million

The future is flexible: IT companies juggle in-person with remote work

Some IT employees Business Standard spoke with said that their companies are offering them certain perks to work in a hybrid environment

RBI tightening on unsecured loans: White goods firms fear margin squeeze

While the consumer won't bear the brunt of the RBI's move, companies still await clarity but expect their margins to take some hit

India's non-basmati rice export slumps 57% in September on duty hike

Basmati rice export in contrast up 5.7% despite MEP

1,500 exhibitors to participate in pharma expo from Nov 28 in Greater Noida

The Indian pharmaceutical industry, on the brink of significant expansion, eyes a projected CAGR of 13 per cent, eyeing a market value of $ 102.7 billion by 2028

Tamil Nadu to start production of Crocs footwear brand from November 28

According to the state government, with a policy rolled out last year that is pushing up its growth, the footwear sector in Tamil Nadu is a mainstay in the state's industrial growth story

Trai recommendation on satcom spectrum after chairperson appointment

The position of Trai chairperson has been vacant since October 1 after the tenure of P D Vaghela ended in September

Uttar Pradesh government eyes 10-12% share in India's pharma sector

UP has signed memorandums of understanding with more than 80 CSIR and DRDO labs for research and development on affordable drugs

Health Ministry seeks public comments on draft Pharmacy Commission Bill

The new pharmacy commission will be headquartered in New Delhi and shall consist of a Chairperson, thirteen ex-officio and fourteen part-time members

Future of coal bright in India with right tech support, says FutureCoal

Coal is considered to be the biggest contributor to climate change with thermal electricity being responsible for nearly 30 per cent of global greenhouse gas (GHG) emissions

No-cost, longer-tenure EMIs gain traction, drive consumer product sales

Notably, to address the concern of the rapid rise in unsecured consumer loans, the RBI increased the risk weight on consumer credit

Pharma majors turn attention to OTC drugs in post-pandemic wellness shift

Building a healthy OTC brand, however, is not an easy task. OTC brands need time to grow and build a recall value once they have established some credibility

Divergent trends in consumer spending: Auto shines, FMCG stumbles on demand

The share of the automobile sector, including makers of auto ancillaries, in corporate net sales rose to a 10-quarter high of 10.05 per cent during July-September 2023

Adopted an asset-right model, not asset-light: Top ITC Hotels exec

Chadha said that the new company would have a strong, debt-free balance sheet, with marquee properties and good cash flows

Mukesh Ambani, top industrialists likely to attend Bengal business meet

This year's BGBS is scheduled on November 21 and 22. The closing ceremony will be held at Dhanadhanya theatre in the city's Alipore area

27 firms granted approval under new IT hardware PLI scheme: Vaishnaw

The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime