Industry India NEWS. Stock Market NEWS Updated Daily
Industry India NEWS. Stock Market NEWS Updated Daily
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Industry India NEWS. Stock Market NEWS Updated Daily
M&M CEO throws down big EV challenge, dares Tesla & BYD to do "what we did, but at these prices"
Mahindra & mahindra (m&m) has just launched its new electric vehicles, the be 6e and xuv 9e, priced around rs 20 lakh. ceo rajesh jejurikar is confident in challenging global ev giants like tesla and byd, emphasising that m&m's aggressive prici
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
COAI calls on DOCA to notify rules to rein in spam calls, messages
India's leading telecom companies are pushing for stricter rules against spam. they want the government to act fast on unwanted business calls and messages. current rules aren't enough, as many spammers operate outside the telecom regulator's reach. tel
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Kerala, Adani Ports sign supplementary agreement to enhance Vizhinjam Seaport development
Kerala's vizhinjam international seaport project, led by adani group, receives a five-year extension to december 2024. the extension accounts for pandemic-related and natural disaster delays. a rs 219 crore penalty has been imposed, with a portion payable
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Japan’s third-largest bank weighs new push to target private equity boom in India
Mizuho financial group is exploring a move into india's private equity and venture capital market. the japanese bank is considering launching this initiative next year, aiming to connect with prolific dealmakers and offer services like debt funding and wea
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Chennai Super Kings and Etihad Airways unveil new livery
Etihad airways unveils a special chennai super kings (csk) livery on its first airbus a320neo, marking its partnership with the ipl team. the fuel-efficient aircraft will debut with a december flight to chennai. etihad's expanding network showcases this l
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
December releases may do the trick for Hindi film industry
The hindi film industry anticipates a strong finish to 2024 with three major releases: "pushpa 2: the rule," "baby john," and "mufasa: the lion king." "pushpa 2" is projected to be the highest-grossing film, potentially earning around ₹1,000 crore.
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Dr Reddy's launches immuno-oncology drug Toripalimab in India for treating nasopharyngeal carcinoma
Dr. reddy's laboratories launched zytorvi (toripalimab), a novel immunotherapy drug for recurrent or metastatic nasopharyngeal carcinoma (npc), a rare head and neck cancer. this marks india as the third country globally with access to this next-gen pd-1 in
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Biju Patnaik airport in Odisha announces flights to 5 new destinations from 2025
Biju patnaik international airport, bhubaneswar, will launch flights to five new destinations in 2025. starting january, indigo will fly to indore (4 days/week) and dehradun (3 days/week). air india express will offer flights to lucknow and jaipur (3 days/
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Satish Gupta appointed liquidator for Jet Airways
Jet airways is officially entering liquidation after a five-and-a-half-year struggle to resolve its ₹7,800 crore debt. the supreme court overturned the nclat's approval of a takeover bid, leading the nclt to appoint satish kumar gupta as liquidator. th
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Marico CEO makes light of gloom over urban consumption, calls it a temporary blip
The dip that india's urban consumer market is facing is temporary, marico's ceo said. food inflation is impacting spending at present, and recovery will be seen as inflation eases, he added. premium products and packaged foods are seeing increasing demand
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Kalyani Developers: Redefining modern urban living with unmatched amenities and sustainability
Kalyani developers, a bengaluru-based commercial real estate giant, is venturing into residential projects with a ₹4,500 crore investment in bengaluru and hyderabad. their inaugural project, 'kalyani livingtree' in north bengaluru, offers 1, 2, 2.5, and
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
BEML gets contract worth Rs 3,658 crore from Chennai Metro
Psu beml, previously bharat earth movers limited, has secured a rs 2,501 crore contract from chennai metro rail limited. the project involves the design, manufacture, supply, testing, commissioning, personnel training, and 15 years of comprehensive mainten
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Cement industry to add 70-75 million MT capacity in two years amid slowdown in construction
India's cement production will grow significantly. 70-75 million metric tonnes of capacity will be added in the coming two years. eastern and southern regions will lead this expansion. cement production will rise, but profits may fall. construction activit
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Adani allegations shine spotlight on India's clean energy conundrum
India's renewable energy dream faces hurdles. state distributors are hesitant to buy renewable power. this delays projects and impacts clean energy goals. adani group's bribery allegations worsen the situation. the government is pushing for more renewa
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
IndiGo travel advisory: Flight disruptions to continue due to adverse weather conditions in Tamil Nadu
A deep depression in the bay of bengal is intensifying into a cyclone, prompting flight disruptions in tamil nadu. indigo airlines announced impacted services to and from several cities. the indian coast guard is coordinating with tamil nadu agencies, iss
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Healthy ambitions: LIC eyeing ManipalCigna
Lic plans to buy half of manipalcigna health insurance. the deal could be worth ₹4,000 crore. this move will let lic enter the health insurance market. manipalcigna is a joint venture between manipal group and cigna corporation. both will reduce their
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
ZF Group sells 4.3 pc stake in Indian subsidiary for Rs 1,022 crore
Zf group sold a 4.32% stake in its indian subsidiary, zf commercial vehicles control system (cvcs) india, for ₹1,022 crore. the move aims to increase financial flexibility for zf's growth plans, while maintaining its majority shareholding in the indian
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
DoT plans to refarm 1100 MHZ spectrum from various ministries, departments
India's telecom sector is set for a major boost. the government plans to free up a large chunk of airwaves. this spectrum will be auctioned to telecom companies. the move aims to improve 5g and pave the way for 6g. the auction could generate over ₹5 lakh
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Coal Mines: NLC, ACC among eight top bidders
Eight companies, including nlc india, acc, and jsw energy utkal, secured coal blocks in india's tenth commercial mining auction. nlc won the new patrapara south block, acc secured sarai east (south), and jsw energy utkal won the bartap mine. the auctioned
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
M&M targets 'lifestyle buyers' for EV growth
The mumbai-based automaker on tuesday made its first full-fledged foray into india's nascent ev market with the introduction of two pure electric models. these are the first two "born electric" models based on the company's latest inglo vehicle architectur
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Coal to remain crucial, green capacity to grow in India: Moody's
India anticipates a 5-6% annual power demand surge, necessitating 40-50 gw of new coal-based capacity over the next five to six years. coal will remain a primary electricity source for 8-10 years, despite a growing renewable energy share. this aligns wit
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Akasa Air gets notice over pilot retraining lapse
India's dgca issued a notice to akasa air for neglecting to provide mandatory corrective training to a pilot involved in a hard landing incident. a march flight from bagdogra to bengaluru landed harder than permitted. regulations require additional simul
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
JioStar has the scale to lead impactful change in M&E sector: Uday Shankar
Announced last week, the merger of walt disney’s star and viacom18 has created a company with rs 26,000 crore (.1 billion) in combined revenue for fy24, reaching 750 million viewers through 115 tv channels under the star and colors brands. it also incl
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Malls may cut multiplex space as cinema-led revenues shrink
Mall developers are reducing multiplex spaces in future projects due to declining footfall and revenues. multiplexes now contribute only 6-7% of mall traffic, compared to 10% previously. the rise of ott platforms and a lack of compelling content are cite
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Telcos flag new cybersecurity rules
India's new cybersecurity rules mandate telcos to report incidents within six hours, potentially increasing compliance costs and impacting mobile service prices. ambiguity around "traffic data" and its storage duration raises privacy concerns, with expert
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
NHB probe into Aviom's books finds 'inflated' investments
Aviom india housing finance is under investigation for potential fraud after the national housing bank discovered inflated mutual fund investments. the company, backed by nuveen and gojo & co, informed lenders of a cash crunch and delayed payments, ci
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
HUL training its executives in tech tools to get future-ready
Hindustan unilever is focusing on talent development and technology to drive growth. the company is using digital tools and ai to optimize operations and sustain business. hul prioritizes upskilling its workforce to adapt to disruptive changes. the company
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Adani Green’s mega project under scrutiny trips up on deadline; supplies zero power to Andhra Pradesh
Adani green energy's delayed solar project has yet to supply power to andhra pradesh, missing the original schedule by months. instead, adani green energy has begun selling power from the project at a higher rate on exchanges. delays are attributed to inco
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Suraksha Diagnostic is doing well, peers doing even better
Kolkata-based suraksha diagnostic is launching an offer for sale worth ₹846 crore, giving partial exit to orbimed asia and reducing promoter holding. the company operates primarily in west bengal and plans to expand its services and markets. the ipo valu
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Finance Ministry rethinks windfall tax; Oil Ministry for natural gas under GST
The finance ministry is assessing the windfall tax on petrol, diesel, and aviation fuel exports. it is also considering bringing natural gas under gst. this follows the oil ministry's request to remove the tax. a proposal might be placed before the gst cou
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
IRDAI seeks road maps to Dalal Street from large insurers
The insurance regulatory and development authority of india (irdai) encourages 10-12 large life and general insurance companies to pursue public listings within the next four to six quarters. the aim is to enhance governance and fund access in the capital-
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Finance Ministry backs raising FDI in insurance to 100%
The finance ministry has proposed allowing 100% foreign direct investment in the insurance sector, reducing the minimum paid-up capital for companies, and permitting insurers to conduct multiple insurance-related activities. the changes are intended to enh
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Private sector banks securitise ₹40,000 cr of loans this fiscal
Private sector banks, led by hdfc bank, have sold nearly ₹40,000 crore of loans this fiscal to enhance liquidity and balance their books amid slow deposit growth. this marks a significant shift as banks like hdfc bank, idfc first bank, and rbl bank use l
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
PSBs gear up to scan digital play for MSME loans
State-run banks in india are planning to launch a new credit assessment model for micro and small enterprises by december, which will base lending decisions on digital transactions and cash flow metrics like electricity bills and employee provident fund co
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Go First proposes new liquidator after objections from tribunal
On thursday, the bankrupt airline go first filed an application with the national company law tribunal (nclt) seeking approval for a new liquidator, after the tribunal raised objections to the liquidator previously approved by the airline's committee of cr
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
India plans global pacts for processing offshore minerals
India has initiated its first auction for offshore mineral blocks, including construction sand, lime-mud, and polymetallic nodules and crusts, in the arabian sea and andaman sea. the event saw participation from international representatives and potential
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Charitable hospitals to cover ESIC beneficiaries
Employees' state insurance corporation (esic) beneficiaries gain access to quality healthcare through the convergence with ayushman bharat-pradhan mantri jan arogya yojana (ab-pmjay). the initiative includes charitable hospitals and offers comprehensive ca
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Dr Reddy's launches drug for neck, head cancer
Dr reddy's laboratories launched toripalimab, an immune oncology drug for adults with a rare form of head and neck cancer, in india. this drug is for treating recurrent or metastatic nasopharyngeal carcinoma. it will be marketed under the name zytorvi. bef
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Edible oil prices likely to drop 9% by mid-December
Edible oil prices in india are expected to decrease by up to 9% from mid-december due to a drop in international prices of soybean, sunflower, and palm oil. this decrease follows abundant global production and policy changes in indonesia regarding palm oil
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Centre approves coal allocation for MP to set up power plants with capacity of 4100 MW
The union government has allocated coal to madhya pradesh for installing thermal power plants with a combined capacity of 4100 mw. this decision, the first in five years, aims to meet the state's growing power demands, attract rs 25,000 crore in investment
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
India's lessons in energy security applicable to Africa: Power Minister Khattar
India and south africa co-hosted their first energy conference in johannesburg. union minister for power manohar lal khattar shared how india's self-sufficiency in energy can help other countries. the conference provided a platform for both nations to disc
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Air India has more than half of market share on top metro routes: CEO Campbell Wilson
Air india now holds a 55% market share on metro routes and 40% on top 120 routes after merging with vistara. the airline plans to add 100 new planes by 2027 and is undergoing a 0-million retrofit program to upgrade its widebody aircraft interiors, despi
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
War on spam: Mandate on message traceability will not delay message delivery, says TRAI
Trai assures that its mandate for enhancing message traceability to curb spams will not cause delays in message delivery or otp receipt. despite media reports suggesting potential disruptions from december 1, trai clarifies that access providers have imple
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Testing facilities for energy storage systems needed for India's energy transition: NITI Aayog member
India needs to establish national testing facilities for battery energy storage to achieve its 2030 clean energy goals. niti aayog’s v k saraswat emphasizes universal standards and third-party certification. the focus includes diverse storage technologie
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Equinix continues India expansion, buys out Mumbai data centre landlord
Equinix inc. has acquired the land housing its data centre in mumbai’s chandivali for rs 155 crore, enhancing its infrastructure. the data centre, operational since 2019, spans 58,000 sq ft. equinix is also expanding with additional centres in mumbai and
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Delhi government extends electric vehicle incentives until March 2025 amid poor air quality
The delhi government extends its ev policy incentives, including subsidies and road tax exemptions, until march 31, 2025, to tackle poor air quality. purchases from january 1, 2024, onward will benefit, reversing the halted incentives from earlier. the mov
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Air India is 'responsible employer', says Wilson amid certain HR concerns
Air india chief campbell wilson addressed human resource concerns following the vistara merger, ensuring that the enlarged entity provides great opportunities for employees. he emphasized the airline's responsibility as an employer. with the merger, tata g
Tag: Industry India Source: indiatimes.com Dated: 2024-11-28
Sazerac to introduce bourbon lineup in India, a priority market for American liquor maker
Sazerac, a us-based spirits company, will expand its bourbon whiskey offerings in india. the company sees india as a key growth market. it will partner with john distilleries ltd for distribution. sazerac aims to launch its buffalo trace distillery bourbon
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Complex, interconnected NBFCs warrants more co-ordination among regulators, says RBI DG Rajeshwar Rao
Rbi deputy governor rajeshwar rao highlighted the increasing diversity and interconnectedness of india's non-bank financial sector. he emphasized the need for greater regulatory coordination to maintain financial stability, citing risks from climate chang
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Coal India plans to develop 36 new mines in next 5 yrs: Govt
Coal india plans 36 new coal mines in the next five years. singareni collieries will develop seven new mines. nlc india will open two new blocks. india produced almost a billion tonnes of coal last year. new mines require land and may impact the enviro
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Airlines received 994 hoax bomb threats till Nov 13 this year: Govt
To deal with the menace of hoax calls in a comprehensive manner, the civil aviation ministry plans to amend the suppression of unlawful acts against safety of civil aviation act, 1982, and aircraft (security) rules, 2023. a total of 1,143 hoax bomb threat
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Air India Express to start flights to Bangkok from December 20
"operations to bangkok will commence on 20th december 2024, with direct flights connecting surat and pune to the vibrant capital of thailand. additionally, the airline strengthens its domestic network with the launch of services to dimapur and patna, offer
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Emami Realty to invest Rs 10,000 crore in 7 years, to expand realty portfolio
Emami realty will invest rs 10,000 crore in indian real estate. the company will develop 22 million square feet of residential and commercial space. projects are planned for mumbai, chennai, kolkata, bhubaneswar, and jhansi. emami realty expects to generat
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
India to see over Rs 9 lakh cr spending on power transmission infra by 2032
India is set to enhance its power grid. the government plans a rs 9.12 lakh crore investment by 2032. this will add substantial transmission lines and capacity. inter-regional connectivity will also be boosted. hydroelectric, pumped storage, coal, nucl
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Steel Ministry bars import of poor-quality products
The indian government has blocked imports of low-quality steel to protect domestic producers. traders attempted to circumvent quality standards by importing steel with minor alterations to its grade. the steel ministry has received numerous import applicat
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Airfares have moderated in 2024 relative to 2023, says govt
Indian government reports moderation in airfares in 2024 compared to 2023, particularly during festival seasons. while airlines independently set prices based on market dynamics, the government monitors for excessive pricing and intervenes when necessary t
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Total debt on major telcos hits Rs 4.09 lakh crore in FY24; BSNL debt lowest at Rs 23,297 crore
India's major telecom operators held a combined debt of rs 4.09 lakh crore in fy24. bsnl, with the lowest debt at rs 23,297 crore, benefited from government revival packages, reducing its debt from rs 40,400 crore in fy22. vodafone idea carried the highe
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Activa e, QC1 to be viable even if govt withdraws EV incentives: Honda Motorcycle & Scooter India
Hmsi launched two electric scooters, activa e and qc1. bookings open in january 2025. deliveries begin in february 2025. the scooters have 99% local content. hmsi aims for viable operations even without subsidies. activa e uses swappable batteries. qc1
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
Loan book of Axis Bank's IFSC unit at GIFT City doubles to USD 4 bn in 5 years
Axis bank's gift city unit reaches usd 4 billion in assets. the bank doubled its asset book since 2019. a new and larger office space supports this growth. the ibu's deposit book also hit usd 1 billion. axis bank focuses on trade finance and capital ma
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
India has taken robust measures to regulate fintech industry: Finance ministry official
India is implementing financial action task force (fatf) recommendations to regulate its booming fintech industry, focusing on anti-money laundering and counter-terrorist financing measures. the reserve bank of india has issued guidelines for payment proc
Tag: Industry India Source: indiatimes.com Dated: 2024-11-27
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