Page 5 - Industry News
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
 "MCL beats Chhattisgarh-based SECL in coal production for second year new")
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")
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")