Page 5 - Industry News
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
 "India's commercial realty market resilient amid global headwinds: Experts")
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
 "From sales point of view UP in top-3 states in India: iQOO CEO Nipun Marya")
Core sector output slows to 3-month low of 6% in Feb, crude production dips
Six of eight key infrastructure industries report sequential deceleration
 "Core sector output slows to 3-month low of 6% in Feb, crude production dips")
Irdai names LIC, GIC as 'domestic systemically important' insurers
These were the same institutions that were identified as DSII in 2021-22
 "Irdai names LIC, GIC as 'domestic systemically important' insurers")
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 a mature real estate market with $5 bn fund flows per year: McDonald")
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
 "India objects to $280-billion US programme to promote chipmaking")
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
 "Revenue growth of IT firms in FY24 to be 7-9% lower than FY23: CRISIL")
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
 "International arbitration in India: One step forward with new rules")
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
 "India's PC, tablet market grows 5% to reach 19.6 mn units in 2022: Report")
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
 "Most 5G BTS towers by Jio, Airtel are concentrated in just six states")
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
 "Average increments to drop to 9.1% in 2023 across sectors: Deloitte Report")
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
 "Sale of residential property in Mumbai touches a five-year high in 2022")
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
 "MEAP to account for 58% of global air passenger demand by 2040: Survey")
OMCs get Rs 800 crore to set up over 7,000 fast-charging stations
The installation is expected to be completed by March 2024
 "OMCs get Rs 800 crore to set up over 7,000 fast-charging stations")
Quantum computing-based telecom network link now operational: Vaishnaw
A quantum network transmits quantum bits (qubits) that can simultaneously take the value of zeros and ones thus making it more difficult to break end-to-end encryption
 "Quantum computing-based telecom network link now operational: Vaishnaw")
Desk bombing, loud leaving, monk mode among emerging workplace trends
LinkedIn report also finds that for many employees, Thursday is the new Friday
 "Desk bombing, loud leaving, monk mode among emerging workplace trends")
Indian e-grocery market to witness growth in tier 2, beyond in 2023: Report
The Indian e -grocery market, primarily dominated by slotted delivery, is set to witness growth in tier 2 and beyond regions, with horizontal players leading the way
 "Indian e-grocery market to witness growth in tier 2, beyond in 2023: Report")
Telecom milestone: At 50 million, India has 5% of world's 5G subscribers
India is closing in on western Europe which has 63 million 5G subscribers; it is already ahead of Latin America and the GCC
 "Telecom milestone: At 50 million, India has 5% of world's 5G subscribers")
Housing sales up 14% in Jan-Mar to 113k units across top 7 cities: Anarock
Housing sales in India's top seven cities are estimated to rise 14 per cent during January-March to over 113k units on strong demand despite increase in prices by 6-9 per cent, according to Anarock
 "Housing sales up 14% in Jan-Mar to 113k units across top 7 cities: Anarock")
Unseasonal rain slows AC sales, manufacturers expect pick-up from Apr
The unseasonal rainfall has put a brake on the sales of residential air conditioners, which had started to pick up early this year from mid-February as the temperature was rising
 "Unseasonal rain slows AC sales, manufacturers expect pick-up from Apr")
