Page 4 - Industry News
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")
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
 "Syama Prasad Mookerjee Port, India's oldest, posts highest cargo, surplus")
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
 "Earnings of primary base metal players to remain weak in near-term: Icra")
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
 "India smart TV market grows by 28%, homegrown brands capture 24% share")
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
 "HNIs to drive surge in demand for luxury housing in Delhi NCR in 2023")
India's oil demand outpaced world amid pandemic, Russia-Ukraine war
Consumes nearly half a million barrels a day more, than in 2019
 "India's oil demand outpaced world amid pandemic, Russia-Ukraine war")
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
 "World's richest man eyes India's luxury market with landmark Dior show")
