Page 692 - Industry News

Israel-Hamas conflict: Don't expect disruption in supply lines, says Puri

"I am reasonably confident that both on issues related to availability and affordability that we can navigate forward," the minister said

Weak demand puts a crack on India's leading listed tile makers' prospects

Brokerages trim volume growth estimates, see impact on margins

Vivo created "elaborate" network of firms to cheat authorities: ED

The probe agency also said that employees of Vivo and its Indian affiliates concealed their employment with the Chinese firm when seeking visas

Palm oil imports jump 29% to 9.08 mn tonnes in Nov-Sept of 2022-23: SEA

The SEA also noted that per capita consumption has increased with falling domestic edible oil prices in recent months

Construction equipment sector revenue likely to grow 14-15% in FY24: CRISIL

The increased pace of road construction, which accounts for 40 per cent of the demand for construction equipment, augurs well for the sector's growth

Waning demand for IT services hits hiring at majors Indian tech companies

Tata Consultancy Services, Infosys and HCLTech have seen employee headcount reducing in the second quarter as they reported weak results

47% Indians to spend over Rs 10,000 in upcoming festive season: Report

Customer sentiment is significantly higher than last year when 19% of Indians said they would spend over Rs 10,000

CDSCO gives 6-month extension to medical device manufacturers for imports

Under the new regulation, medical devices under' class C' and 'class D' cannot be sold without a manufacturing licence after October 1

Global residential prices fall but high demand keeps Indian cities costly

The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank

Accenture skips pay hikes and promotions in India and Sri Lanka this year

The US-based IT firm has cited challenging macro environment and slower growth than was initially planned as reasons for skipping pay hikes during the company's financial year (September to August)

Big Four accounting firms make $4 bn from India biz; expand into consulting

The Big Four have overhauled their operations over the past few years to gain a wider share in the high-demand advisory and technology services firms

PE investments in Indian real estate dip 12% to $2.3 billion in H1

The level of flows has remained below the pre-pandemic level of $4.2 billion in H1 FY20

Indian steel mills flag concerns over rising Chinese steel imports

Domestic demand in China has been sluggish since the property market ran into trouble

Tea industry in hot water over financial stress and production woes

While tea prices remained stagnant, wages of tea garden workers increased significantly in the past five years

Govt launches 12th round of bidding for city gas distribution in NE states

Currently, there are 300 Geographical Areas authorised by PNGRB; industrial customers are consuming gas in 270 goegraphical areas (GAs)

Simple authorisation process likely for imports of IT products from Nov 1

The government in August imposed import restrictions on laptops and computers (including tablet computers) with a view to boost domestic manufacturing and cut imports from countries like China

AI, online gaming can add up to $300 bn to GDP by 2026-27: IT minister

Artificial Intelligence and online gaming segments can add up to USD 300 billion dollars to India's gross domestic product (GDP) by 2026-27, Union Minister Rajeev Chandrasekhar said here on Thursday

Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped

Make India a global hub for manufacturing: Piyush Goyal to industrialists

Commerce and Industry Minister Piyush Goyal on Thursday asked the domestic industry to accelerate production activity and contribute to making India a global manufacturing hub.

Signature campaign 'Save the internet' based on falsehood: COAI to Trai

The note said that Airtel, Jio and Vodafone Idea have asked telecom regulator Trai to allow them to charge startups a "network usage fee" based on traffic and number of users