Page 3 - Industry News
Electric 2-wheeler sales rise over two-and-half fold to 846,976 units: SMEV
Electric two-wheeler sales in India rose over two-and-half fold to 846,976 units in 2022-23 over the previous fiscal, Society of Manufacturers of Electric Vehicles said on Monday
 "Electric 2-wheeler sales rise over two-and-half fold to 846,976 units: SMEV")
Need minimum 1200 MHz spectrum in 6GHz band for mobile communications: COAI
Industry body representing telcos argues 6GHz is the last remaining mid-band spectrum range available for effective 5G deployment
 "Need minimum 1200 MHz spectrum in 6GHz band for mobile communications: COAI")
Investments in realty remain strong in Q1 2023, office sector mops up 55%
Inflows into office sector up 41% YoY to $900 mn. Key institutional investors signing strategic deals to boost their presence, expand their office portfolio in India
 "Investments in realty remain strong in Q1 2023, office sector mops up 55%")
UP govt looks to boost exports of handloom, carpets and brassware
Varanasi, Bhadohi, Mirzapur and Moradabad are patently identified with the production and export of handloom, carpets and brassware, respectively
 "UP govt looks to boost exports of handloom, carpets and brassware")
Take up new initiatives to compete in Defence market: Aramane to HAL
Defence Secretary Giridhar Aramane urged leading Defence PSU Hindustan Aeronautics Limited (HAL) to take up new initiatives to aggressively compete in the defence market and focus on new areas
 "Take up new initiatives to compete in Defence market: Aramane to HAL")
Indian tea after 'Sri Lanka effect': Challenge will be to focus on quality
Exports gained when production in troubled island nation dropped sharply in 2022; to maintain that momentum as its competitor bounces back, domestic industry's challenge will be to focus on quality
 "Indian tea after 'Sri Lanka effect': Challenge will be to focus on quality")
Consumer rights body asks Finance Minister to probe biz activities of Rario
The Consumer Online Foundation has written to Finance Minister Nirmala Sitharaman to investigate the business activities of company Rario and its compliance with Indian taxation laws
 "Consumer rights body asks Finance Minister to probe biz activities of Rario")
Realty, auto firms expect demand to remain intact after RBI holds rate
Sales in the affordable segment (units priced below Rs 40 lakh) dipped between 2019 and 2022 and further in the first quarter of 2023, said Anuj Puri, chairman of Anarock
 "Realty, auto firms expect demand to remain intact after RBI holds rate")
Portfolio, risk manager among highest paid jobs in BFSI sector: Report
The report is based on an analysis on data from Indeed site during February 2020-February 2023
 "Portfolio, risk manager among highest paid jobs in BFSI sector: Report")
27,000 ckm of power transmission lines to be added by 2024-25: Govt
This addition has been proposed in the Inter State Transmission system (ISTS) network at 220kV and above voltage level
 "27,000 ckm of power transmission lines to be added by 2024-25: Govt")
Coal production rises by 12% to 107.84 mn tonnes in March 2023: Ministry
At the same time, coal dispatches increased by 7.49 per cent to 83.18 million tonnes from 77.38 million tonnes during March 2023 as compared to March 2022
 "Coal production rises by 12% to 107.84 mn tonnes in March 2023: Ministry")
82% of Indian gamers want mythology theme; women play more than men: Study
The report highlights that 64% of paying gamers make in-app purchases; 50% of Indian gamers surveyed are between the ages of 18-30
 "82% of Indian gamers want mythology theme; women play more than men: Study")
Power generation grows at fastest pace in 33 years, fuelled by coal
Output from plants running on fossil fuels rose 11.2 per cent, the quickest growth in over three decades, thanks to a 12.4 per cent surge in electricity production from coal
 "Power generation grows at fastest pace in 33 years, fuelled by coal")
Realtors worried about likelihood of another repo rate hike by RBI
Borrowing costs for both developers and homebuyers will rise, leading to higher housing prices on the one hand, and diminished demand from buyers on the other
 "Realtors worried about likelihood of another repo rate hike by RBI")
Office mkt remains appealing for long-term investors seeking stable returns
Rentals may not, however, appreciate in the near term due to considerable supply in a muted demand environment
 "Office mkt remains appealing for long-term investors seeking stable returns")
MCL beats Chhattisgarh-based SECL in coal production for second year new
The SECL was holding the top position till FY21. Its output, however, dropped to 142.5 mt in FY22, only to be overtaken by MCL with coal production of 168.2 mt
Govt nods for 34 electronic components production proposals of Rs 11,187-cr
Under the scheme, the approved proposals include those from Tata Electronics, Samsung Display Noida Pvt Ltd, Salcomp Technologies, Sahasra Semiconductors, IdemiaSyscom
 "Govt nods for 34 electronic components production proposals of Rs 11,187-cr")
Gas sector confident of smooth transition as it awaits new pricing rules
Officials said existing APM gas prices have been left broadly unchanged till Sept 31 as a temporary arrangement
 "Gas sector confident of smooth transition as it awaits new pricing rules")
Steel export falls five-year low, imports at four-year high in FY23
During April-January, India's imports of Russian steel reached an eight-year high, and shipments were nearly five times higher than in the same period a year ago
 "Steel export falls five-year low, imports at four-year high in FY23")
Electronics trade group announces IESA new council, Sanjay Gupta is new
Organisation represents the country's electronics system design and manufacturing industry
 "Electronics trade group announces IESA new council, Sanjay Gupta is new")
