Page 4 - Industry News

US-indexed LNG catches the fancy of Indian firms on Trump's return

Indian consumers are seeking to diversify their sourcing contracts by balancing US Henry Hub linked LNG purchases with oil linked contracts

Imports from UAE, S Africa, Switzerland grew in triple digits in Nov

Contraction in merchandise exports in November was led by dip in shipments to the US, the Netherlands, China, and Bangladesh

High costs, boiloff issues challenge India's LNG trucking expansion

It has been 17 months since Indian Oil's Sriperumbudur outlet began operations but it receives no more than five to 20 trucks a day, for sales of around 80 tonnes of LNG a month

Govt needs to properly monitor export promotion scheme EPCG: CAG report

The scheme allows import of capital goods for pre-production, production, and post-production at nil customs duty but subject to meeting export obligations

The influencer economy: Brands tap social media's vast reach for marketing

The first of a two-part series delves into the bigger picture of influencer economy

Compensation paid by companies to independent director continues to rise

Steady growth in the number of companies paying a sitting fee of Rs 100,000 or more per board meet

Over 700 business leaders participate in India-Russia Dialogue in Moscow

The forum also focused on increasing bilateral trade and fostering cultural exchanges

Developers plan record 253 mn sq ft housing supply amid robust demand

Notably, only 23 per cent of the planned supply (about 57.15 million square feet) was launched in the first half of FY2025

Daikin India ties up with Rechi to set up AC compressor plant in Andhra

Under this JV agreement, Daikin India will hold a majority share

Less than 2% of higher edu institutes offer work-linked degrees: Report

The survey also said that over 85 per cent of students interviewed endorsed work-linked degrees as the future

Rs 1.46 trn investment realised across 14 PLI sectors till Aug: Govt

Production Linked Incentive (PLI) Schemes for 14 key sectors have been announced with an outlay of Rs 1.97 trillion to enhance manufacturing capabilities and exports

Sugar output falls 17% to 6.13 MT due to late start of production: Isma

Notably, this year sugar factories in Karnataka started late by around 7-12 days while in another major state Maharashtra, mills started late by 1520 days, as compared to last year

Asia-Pacific regions lead 2024 with 7 of top 10 busiest airline routes

Asia-Pacific dominates Official Airline Guide's 2024 report, claiming seven of the 10 busiest airline routes. Hong Kong-Taipei leads, signalling a strong recovery in post-pandemic air travel

Govt warns OTT platforms on content glorifying drug use without disclaimer

Ministry of Information and Broadcasting, in an advisory, said that depiction of drug use should also come with public health messages

Garment exports rise 11.4% in Apr-Nov despite global uncertainties: AEPC

Apparel Exports Promotion Council (AEPC) said that with the changing geopolitical equations, a lot more business will shift to India in the near future

Food delivery economy crucial, generates large-scale employment: Gadkari

Union minister Gadkari said that at present India has 7.7 mn delivery workers and this number is likely to touch 25 mn by 2030

Women workforce participation rate in tech sector to reach 14.9% by 2027

Women to drive India's tech industry growth with a demographic shift of skilled professionals. Increasing diversity and rising opportunities for women in the industry will fuel the transformation

Google, Tamil Nadu govt hold forum to discuss AI innovation in state

Company and state government in August signed agreement for technology advancement

India's RE capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

At present, India's total installed capacity of the non-fossil fuel sector has touched 214 GW, over 14 per cent increase compared to the same month last year

Pet leave: A new perk to retain Gen Z, millennial talent in Indian tech

Tech companies are offering perks such as pet leave, unlimited sick days, and mental health support to attract and retain millennial and Gen Z employees, to enhance their well-being and productivity