Page 668 - Industry News

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

Total number of operational GCCs in India to increase 20% by 2025: CBRE

CBRE said that the availability and cost of talent, real estate, and supporting regulatory framework have made India the most sought-after destination for GCCs

Govt considering several measures to help revive special economic zones

To seek views of different ministries on these measures, the commerce ministry has circulated a note on a draft SEZ (special economic zone) amendment bill 2023

Festive boom: Mumbai property sales between Navratri and Diwali up 30%

The daily average registration rate in Mumbai climbed 26% during the October 15 and November 15 period to 407 units from 322 units last year

Talent crisis forcing companies to shell out big bucks for legal experts

Company officials said an ever-evolving regulatory environment, increasing focus on corporate governance, and constantly changing GST structures have catalysed the clamber for legal talent

Foreign airlines see India's potential as global aviation hub for APAC

Executives at Japan Airlines and Thai Airways see India as a transit hub to connect Asia Pacific with West Asia and Africa

As pandemic impact wanes, regional players expand, challenge FMCG giants

The rusk market is one of the primary examples where local players give established companies a tough time. There are about 2,500 local players engaged in the rusk market

Ministry of Coal launches 8th round of commercial coal mines auction

Launching the auction virtually, Union Minister for Coal Pralhad Joshi said that all efforts are on to stop coal import by 2025-26.

Fall in commodity, energy prices fuels India Inc's Q2FY24 earnings

Analysts say gains from margin expansion have peaked for now

Senior living has huge growth prospects as elderly share to double by 2050

"With current population of over 0.1 billion (10 crore) seniors in India, there is a significant untapped opportunity for investment and development in the senior living sector"

Risland targets Rs 300 cr revenue from sale of luxury flats in South Delhi

"There are 160 units in the project and out of that 121 units have been sold so far," Jonathan said

Domestic air traffic to rise 11% in Oct as leisure, biz travel increases

The rise in both leisure and business travel, coupled with a decline in crude oil prices and capacity deployment, is expected to add to the growth in passenger traffic.

Motown stares at fresh round of reset in season of electric vehicle rush

Failed to meet earlier target, many firms shifting focus to exports from India

IT companies to diversify, draw 30% revenue from non-western mkt by 2030

Japan, Australia, and countries from West Asia will play a major role in this shift as they expand their share in the Indian IT outsourcing space

IT engineering firms, LTTS, and Cyient struggle with high attrition rates

IT engineering cos provide product engineering services in auto, aerospace, medical device, and utility sectors. On the other hand, software engineering firms are mostly engaged in software products

FMCG supply chain gridlock: Demand declines and inventory adds up

A distributor said that companies have consistently been stocking up at distributors, and in some instances, distributors have resorted to pushing excess stock to retailers

Real estate sector bats for green spaces, investors willing to pay premium

DECARBONISING REALTY: The sector creates spaces that breathe life; corporates and investors willing to pay a premium to comply with global sustainability norms

India International Trade Fair 2023 opens today at Pragati Maidan

The timings of the fair which is being held from November 14-27 is 10.00 AM to 7.30 PM