Page 666 - Industry News

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

11 ministries hold deliberations on improving logistics performance index

The development of rail containerisation at ports and freight terminals is expected to increase the rail container loading from 80 million tonnes recorded last year by three times by FY'31

CAI estimates cotton pressing at 29.41 mn bales for 2023-24 season

Further, the CAI has estimated cotton consumption at 2.6 mn bales, while the export shipments up to October 31 are estimated at 100,000 bales

Gem, jewellery exports decline 11.49% to Rs 22,873 cr in Oct: GJEPC data

Gross export of polished Lab Grown Diamonds (LGD) in October dropped by 23.01 per cent to Rs 1,135.16 crore

Uttar Pradesh bags first prize for best state in inland fisheries

In terms of fish seeds, last year's production stood at 27,128 lakh metric tonnes, whereas the same was 36,187 lakh metric tonnes this year, he said

Govt to meet social media platforms on deepfake issue: IT minister Vaishnaw

Asked if big platforms like Meta and Google would be called for the meeting, the minister replied in the affirmative

Hospitals get post-Covid growth injection from foreign medical tourism

Robust growth in H1FY24 signals rebound in medical tourism, fuels bigger expectations

Weddings blitz opens up a $51 billion business opportunity for India

Despite inflation hitting the less well off particularly hard this year, the season's first weeks are expected to see good business

'Deepfakes' a new threat to diverse society, says PM Narendra Modi

The PM said 'deepfakes' presented an imminent threat, especially since a sizeable section of Indians lacked the tools to verify the authenticity of such content

After Punjab foray, southern states to be target for BSNL 4G service plans

Telco wants to stop subscriber loss in high-revenue earning circles

Reduced risk of data breach the main benefit of tokenisation: Visa

A tokenised card transaction is safe as the card details are not shared with anyone, including the merchant, during the processing of a transaction

Steel ministry to soon finalise Sectoral Plan for Efficient Logistics

In the meeting, the coal ministry also presented its key findings on the integrated coal evacuation plan prepared under the aegis of Coal Logistics Policy 2023

IndiGo becomes first airline to have over 2,000 daily scheduled flights

Together, IndiGo and Tata group-airlines account for around 89 per cent of the total domestic aviation market in the country

Medtech sector needs to become $200 bn industry by 2030: Pharma secy

India is currently the third-largest pharmaceutical industry in the world by volume, with a market size of around $50 billion, according to the Ministry of Chemicals and Fertilisers

3,294 acres acquired since Jan 2022 for residential projects: JLL report

Tier-II and -III cities accounted for 44.4% (1,461 acres) of the total land area transacted in the country

Hair transplant market size expected to treble to $560 mn by 2032: Expert

To put into perspective how fast the industry is growing in India, in 2022 it was estimated at $180 million and is expected to reach around $560 million by 2032, he added

AI value to be unlocked with cloud adoption at scale: Capgemini report

The value of AI and Gen AI can be better realized through the right cloud adoption at scale, hence banks will need to prioritize cloud journey for fintech growth, a senior Capgemini executive said

Industry has potential to grow to $200 bn in value by 2030: Pharma Secy

He said the government is helping the industry with various policy initiatives, including production-linked incentives