Page 6 - Industry News
Aurobindo Pharma, Glenmark, and Zydus recall products in US over mfg issues
India is the largest supplier of generic medicines with around 20 per cent share in the global supply by manufacturing 60,000 different generic brands across 60 therapeutic categories
 "Aurobindo Pharma, Glenmark, and Zydus recall products in US over mfg issues")
Coal imports rise 4% to 162 million tonnes in April-October period
Coal imports in October dropped by 14.4 per cent to 21.84 MT compared to 25.54 MT in the corresponding month of the previous fiscal
 "Coal imports rise 4% to 162 million tonnes in April-October period")
Pune sees 11% drop in property registration during Nov: Knight Frank
In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations in November 2024, generating Rs 475 crore in revenue
 "Pune sees 11% drop in property registration during Nov: Knight Frank")
E-commerce firms to adopt Safety Pledge to protect consumers on Dec 24
The voluntary commitment, announced by the Department of Consumer Affairs, aims to detect and prevent the sale of unsafe and spurious products
 "E-commerce firms to adopt Safety Pledge to protect consumers on Dec 24")
Microfinance growth to nosedive to 4% in FY25, says CareEdge Ratings
Lenders slam brakes on disbursals amid rising stress
 "Microfinance growth to nosedive to 4% in FY25, says CareEdge Ratings")
OMC stocks seem attractive after earnings decline and correction
Resumption of more frequent revision in retail prices could be a driver. Policy risk appears low
 "OMC stocks seem attractive after earnings decline and correction")
Chessboard to billboards: Edtech, banks, and IT firms eye Brand Gukesh
Edtech, banks, fintechs and IT firms expected to make a beeline to sign the youngest world chess champion
 "Chessboard to billboards: Edtech, banks, and IT firms eye Brand Gukesh")
89% of GenZ feel AI training can fetch better salaries, shows data
Another major takeaway from Unstop's report is the growing disparity between academic preparation and corporate expectations
 "89% of GenZ feel AI training can fetch better salaries, shows data")
Respiratory drug sales surge as pollution, monsoon drive higher demand
Sales in the respiratory market reached Rs 1,638 crore in November 2024, up from Rs 1,522 crore recorded in October 2024, amid a surge in pollution-related illnesses last month
Crude oversupply likely to hit 950,000 barrels per day next year, says IEA
Unwinding of ongoing production cuts by Opec+ not enough to counter tepid oil demand growth
 "Crude oversupply likely to hit 950,000 barrels per day next year, says IEA")
India narrows China's lead in 5G phone conversion over past 12 months
In India, shipments of 5G phones accounted for 77 per cent of all smartphone shipments in first quarter (Q1) of FY25, which means the share increased by 7 percentage points in the following quarter
 "India narrows China's lead in 5G phone conversion over past 12 months")
High dispatches, low retail sales may up passenger vehicle inventory
Dispatches log best Nov numbers with 4.1% growth, retail sales decline 14%
 "High dispatches, low retail sales may up passenger vehicle inventory")
Ambuja Cements commissions 200 MW solar power project in Gujarat
The Khavda project is part of Adani Cements' plan to have 1 GW of renewable power from solar and wind projects, along with 376 MW from WHRS (Waste Heat Recovery Systems)
 "Ambuja Cements commissions 200 MW solar power project in Gujarat")
DeVANS to boost Samba beer capacity to 600K HL with Rs 60 crore investment
Next financial year, the company plans to launch two limited editions of Gianchand, its flagship Indian Single Malt
 "DeVANS to boost Samba beer capacity to 600K HL with Rs 60 crore investment")
80 lakh tonnes of waste reused, green hydrogen key to energy goals: Gadkari
Nitin Gadkari mentioned that the transport sector accounts for about 40 per cent of India's air pollution and outlined various initiatives to address the issue
 "80 lakh tonnes of waste reused, green hydrogen key to energy goals: Gadkari")
The aim is to make India a top global domestic aviation hub: Minister Naidu
The civil aviation sector in India has witnessed rapid growth over the last ten years and the aim should be now to become the number one domestic hub globally, Naidu said
 "The aim is to make India a top global domestic aviation hub: Minister Naidu")
Race for instant food heats up: Blinkit launches Bistro to rival Zepto Cafe
Blinkit, the quick-commerce grocery subsidiary of Zomato, launched its new app, Bistro, on the Google Play Store a day after Zepto unveiled Zepto Cafe
 "Race for instant food heats up: Blinkit launches Bistro to rival Zepto Cafe")
EPFO subscribers may soon withdraw claim amounts from accounts through ATMs
According to the report, the withdrawal will be capped at 50 per cent of the Employees' Provident Fund
 "EPFO subscribers may soon withdraw claim amounts from accounts through ATMs")
Ficci FLO's annual meet hosts 350 women entrepreneurs in Northeast region
The first two days of the ongoing meet are being held in Guwahati and the remaining two days in Shillong
 "Ficci FLO's annual meet hosts 350 women entrepreneurs in Northeast region")
Pocket pinch: FMCG companies passing 3-7% of price rise to consumers
Edible oil companies pass on the entire hike to consumers
 "Pocket pinch: FMCG companies passing 3-7% of price rise to consumers")
