Page 679 - Industry News

Monthly review, disclosure of fair value: IBBI bats for transparency

IBBI has proposed that creditors dissenting on a resolution plan under the IBC should be entitled to claim lesser of the two amounts - the resolution amount or the liquidation value

Indian gaming market expected to reach $7.5 billion by FY28: Lumikai

The report added that the industry is projected to grow at a compound annual growth rate of 20 per cent

Over 80% Indian retailers do not see e-commerce as threat: Report

The top industries witnessing the highest contribution from offline sales are FMCG & Retail (97 per cent), Food & Beverage (95 per cent), and Consumer Durable & Electronics (93 per cent)

Record sales in sight for 2023, Mercedes-Benz India bullish on 2024 outlook

He was responding to a query on whether the company is set for another record sales in 2023 after witnessing a new high in 2022 when it clocked 15,822 units

3 out of 4 professionals believe AI, HR function can coexist: Keka's Report

Three out of four business professionals believe that artificial intelligence (AI) and human resource (HR) functions will coexist, states the Keka's Report

Notable growth in coal sector due to rise in output of fossil fuel: Govt

"Coal production in the country, during current FY (till 28.10.23) has shown a growth of 12.81 per cent compared to same period last year," the coal ministry said in a statement

Scoot to start of daily flights between Chennai and Singapore from Nov 5

The addition of this direct flight on the airline's Airbus A320 aircraft will enhance the international accessibility of Chennai and connect domestic business

Home sales in India this year to be 30% higher than in 2022: Colliers

Industry numbers show that home sales this year have already crossed the total sales in 2022, the consultancy said

Changes to insolvency law on leased aircraft to apply retrospectively: DGCA

The clarification of India's recent amendment to its insolvency law potentially paves the way for lessors of bankrupt budget carrier Go First to take back their planes

Public procurement of services from GeM portal may touch Rs 1.5 trn in FY23

GeM has over 63,000 government buyer organisations and over 62 lakh sellers and service providers offering a wide range of products and services

Brazil negotiates for tariff-free quota to export cotton to India

The association said in the note that a team of government officials and Brazilian cotton farmers is visiting India this week, seeking to seal a deal to have that quota implemented

Alcoholic beverage market may touch $64 billion in five years: Report

It positions India as the fifth-largest contributor to global market revenues in the near to medium term

Real estate developers liable to pay GST for over-charging electricity

CBIC issued clarification on the applicability of GST on reimbursement of electricity charges received by real estate companies, malls, airport operators etc from their lessees/occupants

Smart metering infrastructure catches pace as states award mega tenders

Smart meter tenders have gained momentum in states, thanks to the new power distribution reforms scheme of the Centre

Can't let innovation get ahead of regulation: MoS IT at UK AI meet

While talking about the summit, the minister also acknowledged the importance of international collaboration in the technology space

Railways earns freight revenue of nearly Rs 96,000 cr so far in FY24

Freight revenue of Rs 14,231.05 crore was earned in October this year as against Rs 13,353.81 crore last year, an improvement of about 6.57 per cent, it stated

Sebi simplifies offer documents of mutual fund schemes for investors

"All new schemes shall have the enabling provision included in the SID for the creation of a segregated portfolio," it said

Indian cos may give 9.8% salary raise in 2024: Willis Tower Watson report

The report further noted that tighter labour markets and rising inflation have been cited as some of the major concerns influencing salary increase budget changes for 2024

Tariffs need to go up, industry should become viable: Airtel CEO Vittal

To a question on timing and possible extent of any tariff hike, Vittal noted that tariffs are low in India

Data centres to see Rs 45,000 crore investments till FY26, says Crisil

Mumbai remains the most preferred location because of availability of sub-sea cable landing stations