Page 684 - Industry News

FinMin notifies rules for appointment of president, members in GSTAT

In September, the finance ministry had notified 31 benches of GSTAT, which will be set up in 28 states and 8 Union Territories

India will lead world in use of 5G for interesting applications: Ericsson

The India Mobile Congress-2023 is all set to begin on Friday in New Delhi with the theme of 'Global Digital Innovation'

India begins producing 'reference' fuel, joins select league of nations

Puri said there are only three suppliers of reference fuel in the world including US giant Chevron

CICs to pay Rs 100 per day to customers for credit info updation delay: RBI

The circular further said the complainant can approach the RBI Ombudsman in case of wrongful denial of compensation by CIs or CICs

RBI mulls barring recovery agents to call borrowers before 8 am, after 7 pm

They should not also send inappropriate messages either on mobile or through social media: RBI

UDAN generating demand for new aircraft, 499 routes operationalised: Govt

Further, it said the scheme's incremental expansion has generated an escalating demand for new aircraft

Govt launches hackathon to tackle 'dark patterns' on some online platform

This is the third hackathon the consumer affairs department is organising after the successful hackathon on onion and tomato, he said

Ola Electric raises Rs 3,200 cr from investors, SBI to fund EV biz

Ola Electric was selected by the government under its ambitious cell PLI scheme, receiving a maximum capacity of 20 GWh

RBI to meet senior bank officials next week, liquidity to be discussed

Market participants are also eagerly awaiting hints on when the RBI would conduct an open market sale of debt as announced in the October monetary policy meeting

AIPEF demands withdrawal of ministry's order extending coal import deadline

Earlier, the directive was extended till October 31, 2023. The government in March this year issued the first directive under Section 11 of the Electricity Act to ISB (imported-coal based) plants

Govt to meet airlines officials to discuss consumer grievances on Nov 8

About half of the complaints are related to "ticket cancelled but no refund received from airlines"

Wardwizard to invest Rs 2,000 cr to develop EV ancillary cluster in Gujarat

With a significant Rs 2,000 crore investment, we fortify the local ecosystem, generating 5,000 employment opportunities and driving a greener, self-reliant India, Yatin Sanjay Gupte said

Chip supplies reallocating from computers, mobiles to automobiles: CRISIL

It added that the chip shortage is easing but the demand-supply dynamics are expected to be more balanced by 2025-26

Demystifying airline seat charges: Rules and logic behind web check-in fees

From low-cost carriers to full-service providers, how Indian airlines define their seat pricing strategies

Institutional investors betting big on Indian housing, investments up 71%

The share of domestic investors accounted for 71% of total institutional investments received in the July-September quarter: Vestian

Hinduja aims for value creation of $35-40 bn from the BFSI sector by 2030

Hinduja further said once Reliance Capital is acquired it will remain as a separate entity

Jio can deploy 5G cell every 10 sec, deployed 85% 5G in India: Akash Ambani

"We remain fully committed to achieving the full potential of a digital India, and to help India become a leader on the global stage," Ambani said

Centre extends mandate on coal import; blending to continue till March 2024

The ministry has invoked Section 11 of the Electricity Act, 2003 again to direct all the ICBs with a cumulative capacity of 17 Gigawatt (Gw) to operate and generate power to their full capacity

Hotel industry to clock double-digit revenue growth in FY24: Report

"Hotel-specific demand would, however, depend on location, competition, and other property-related dynamics," ICRA Vice President and Sector Head Corporate Ratings Vinutaa S said

Digital credit will add 1-2% to India's growth: Vaishnaw to Google team

He was speaking to the Google leadership on the sidelines of the Google for India event where Osterloh announced that the company's premium smartphone Pixel series will be made in India