Page 667 - Industry News

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

Sellers seek FDI in inventory models of e-commerce for export purposes

Director General of Foreign Trade (DGF) Santosh Kumar Sarangi said that they are working on several steps to promote exports through e-commerce medium

MNCs, GCCs lead India office space leasing; to reach 62 mn sq ft by 2025

Number of Global Capability Centres likely to reach 3,000 by 2030, employing more than 3 million people

Australia assures India of steady coking coal supplies amid shortage

Australia accounts for over half of India's coking coal imports of around 70 million metric tons a year

Telecom operators projected to lose Rs 250 cr in SMS revenue to OTTs

OTT business messaging traffic in India is predicted to reach 24.2 billion messages in 2028

Delhi airport passenger traffic between April-October highest ever: GMR

In October, the Indira Gandhi International Airport handled the highest monthly traffic yet in FY24 at 6.08 million

GenZ workplace expectations: Professional growth, competitive pay structure

93% of GenZ employees said that they not only want to climb up the corporate ladder but also aspire to reach C-suite positions like chief executive officer and chief finance officer

India's FY24 power demand to rise 7% amid strong industrial activity: Fitch

Fitch stated that the receivable position of generation companies (gencos) will continue improving in the near term

With customers spending more, restaurants to hire 500,000 in next 12 months

Westlife Foodworld, which owns and runs McDonald's restaurants in western and southern India, plans to open 40-45 stores every year

Festive cheer for smartphone shipments in India with a 6-8% rise this year

5G connectivity and replacement demands were the main factors behind majority of the sales; market share of general trade increased by 35-40%, compared to about 32% last year

Festival season fail to light up apparel sales, consumer durables shine

The Consumer Electronics and Appliances Manufacturers Association (CEAMA) has pegged the growth this festive season at 20 per cent

Reliance Jio gains 3.24 million users in Aug, Vi loses nearly 50K: Trai

Jio has consistently posted robust growth in user numbers, having added 2.2 million users in June

DGCA transfers some officials to different centres amid graft allegations

As part of the reshuffle, some officials have been transferred from Mumbai and Chennai, while some others have been shifted to other departments within the DGCA. There have been complaints of graft

Jio cements lead with net additions of 3.2 mn mobile users in Aug: Trai

The mobile subscriber count of Bharti Airtel rose to 376 mn in August. Vodafone Idea (Vi), on the other hand, saw its wireless subscriber numbers dip to 228 mn during the month

Most Indian organisations' skilling programmes below average: Study

Cornerstone OnDemand's Talent Health Index Report finds that 60% organisations lag in automation and learning strategies

Domestic air passenger traffic rises 11% to 12.6 mn in Oct: Official data

The market share was lower compared to 63.4% registered in September

GCCs to lease 62 million sq. ft. in India by 2025: CBRE Asia report

By 2025, it is estimated that there will be about 1,900 total operational GCCs in the country, up from the existing 1,580

Inland fish production up over 2-fold in 9 yrs to 13.1 mn tonnes: Minister

The minister also highlighted that the Modi government has announced an investment of around Rs 38,000 crore under various programmes in the last nine years