Page 5 - Industry News

Security vulnerabilities hinder AI adoption in India: Deloitte report

'AI at a crossroads: Building trust as the path to scale' report by Deloitte Asia Pacific, which surveyed 900 senior leaders across 13 markets revealed while enthusiasm for AI is high, barriers remain

Nuclear Power Corp raises Rs 4,600 cr at 7.14% through 15 year bonds

IIFCL is planning to mop up Rs 3,000 crore in two tranches with varying maturities

India shifts motor fuel exports towards Asia amid reduced European demand

Lower import orders from Europe, reduced exports by China behind the shift

Delhi EV policy woes: Registrations drop in capital while other states grow

Sector experts say that a lack of clarity and unannounced halts in the policy have deterred customers from buying EVs in Delhi

Adidas, Nike supplier Hong Fu enters India to foot manufacturing push

Hong Fu inaugurates Rs 1,500 cr footwear manufacturing facility in Tamil Nadu

Indian IT sector to grow in mid single digit for FY25: ICRA Report

The hiring target of the industry is also expected to be in the low range

JV with Vivo may help Dixon grab 1/5th of India's mobile phone assembly mkt

According to sources privy to the deal, Dixon has a capacity to make 40 million smart phones per annum and it is assembling around 30 million phones this year

India's merchandise trade deficit widens to a record $37.8 bn in Nov

Exports contract 4.85% to $32.1 billion; imports increase by 27% to $69.95 bn

UP govt's infra push spurs Rs 5.3 trn capex, eyes global tech hubs

Looking ahead, the Yogi Adityanath government aims to leverage this infrastructure development to build a robust network of GCCs

Reliance shuts G-Star RAW and Replay fashion stores amid sluggish demand

Most G-Star RAW stores in India have already closed down, while the brand is still available through online platforms. Italian brand Replay will shut stores due to losing relevance in Indian market

Narayana Murthy bats for tech, cautions against 'unsupervised learning'

While addressing the Chamber, Murthy also urged entrepreneurs to embrace "compassionate capitalism"

India's cement sector sees a concrete 2024 with over 10 major deals

Cement assets attracted both acquisitions and fresh financial investments worth over $3.5 bn

Fog plan: DIAL completes airfield construction, sets up German hangar

DIAL has taken a slew of steps to reduce flight disruptions during foggy winter season

Hurt in Covid-19, MSMEs recover slowly as initiatives for them continue

Share of credit outstanding to MSMEs by scheduled commercial banks as a percentage of outstanding non-food credit is tepid

India's smartphone exports breached Rs 20K crore mark in November

Smartphone exports in November reached Rs 20,395 crore, representing a staggering 92 per cent increase over the same month last year, when the figure was Rs 10,634 crore

Bhilai Steel Plant to set up 200-Kw solar power plant at Maitri Bagh zoo

Elevated solar power is a solar panel installation method that involves mounting solar panels on a structure above the ground or roof

IREL, Kazakh firm to form JV to harness India's titanium potential

The setting up of this JV plant is expected to catalyse the establishment of titanium sponge manufacturing industries which has been hindered by the limited availability of high grade TiO2 feed stock

India seeks stronger WTO subsidy regulations for high seas fishing

India also suggested that historical subsidisers should seek permission of the Committee on Fisheries Subsidies for grant of subsidies in future

Airlines are price takers, don't have influence on prices they pay: IATA

In a fast-growing aviation market like India where the air traffic demand is on the rise, there are persistent concerns about airfare trajectory from various quarters to make air tickets affordable

Indian tourism sector to double to $523 years in 10 years: WTTC chief

In 10 years, the tourism sector in India will be providing jobs to 63 million people, says WTTC President and CEO Julia Simpson