Page 4 - Industry News

Syama Prasad Mookerjee Port, India's oldest, posts highest cargo, surplus

The achievement was on the back of a jump in rail-borne cargo coupled with transhipment operations throughout the year that allowed capesize vessels to come to port

RINL seeks proposals to fund working capital in exchange for steel supply

In a first, state-owned RINL is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials

Earnings of primary base metal players to remain weak in near-term: Icra

The metal prices witnessed significant headwinds during Q2 FY2023 and Q3 FY2023 given an uncertain global economic outlook and demand slowdown in China

India smart TV market grows by 28%, homegrown brands capture 24% share

India's smart TV shipments grew 28 per cent (on-year) in 2022 and homegrown brands showed the fastest growth, with a market share of 24 per cent in smart TV shipments, a report showed on Tuesday

HNIs to drive surge in demand for luxury housing in Delhi NCR in 2023

The luxury sector is over-indexed, with homes priced at Rs 2-3.5 crore growing at a faster rate

India's oil demand outpaced world amid pandemic, Russia-Ukraine war

Consumes nearly half a million barrels a day more, than in 2019

World's richest man eyes India's luxury market with landmark Dior show

Dior's not new at showcasing its collections at untapped locations with iconic architecture serving as backdrop to its runways

India's commercial realty market resilient amid global headwinds: Experts

Blow to office market due to slowdown, mass layoffs, slow hiring in tech sector is temporary, they say; sector has fared better than other global markets earlier, will do so this time too

From sales point of view UP in top-3 states in India: iQOO CEO Nipun Marya

Terming Uttar Pradesh as an important investment destination, chief executive officer of Smartphone company iQOO Nipun Marya said from the sales point of view, the state figures in top-three

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

Irdai names LIC, GIC as 'domestic systemically important' insurers

These were the same institutions that were identified as DSII in 2021-22

India a mature real estate market with $5 bn fund flows per year: McDonald

India's real estate market in 2022 saw a more evenly distributed dispersion of investment as compared to 2020

India objects to $280-billion US programme to promote chipmaking

India and the US have also signed a Memorandum of Understanding (MoU) earlier this month

Revenue growth of IT firms in FY24 to be 7-9% lower than FY23: CRISIL

The key reason for the sharp fall in revenues is the slowdown in the BFSI segment, which accounts for 30% of the sector's revenues

International arbitration in India: One step forward with new rules

The Bar Council's latest rules go a long way but there are some major hurdles to India's evolution as a global arbitral centre

India's PC, tablet market grows 5% to reach 19.6 mn units in 2022: Report

Despite a steep fall in the fourth quarter of 2022, last year was a successful one for the Indian PC market (desktops, notebooks and tablets), with shipments up 5 per cent to reach 19.6 million units

Most 5G BTS towers by Jio, Airtel are concentrated in just six states

Airtel is rolling out on only one band (3.5 GHZ) in each tower and has deployed 44,000 BTS towers

Average increments to drop to 9.1% in 2023 across sectors: Deloitte Report

Average increments are likely to drop to 9.1 per cent this year in almost all sectors following inflation, higher interest rates and a slowdown in the economy, according to a study

Sale of residential property in Mumbai touches a five-year high in 2022

Most of the home buyers were inclined towards mid-segment housing in Mumbai in the price range of Rs 1 to 2 crore

MEAP to account for 58% of global air passenger demand by 2040: Survey

With over 110 airports, this is already among the fastest growing in the world, accounting for 170 million of the global traffic, it said