Page 7 - Industry News

Capacity utilisation of domestic steel may hit 4-year low in FY25: ICRA

Following the post-Covid metals rally, the domestic steel industry was able to achieve the "impossible trinity" of maintaining above 80 per cent capacity utilisation rates

Warehousing demand, rents witness surge amid diversified occupier base

The industrial and warehousing segment accounted for almost half of total institutional investments in real estate during H1CY24

Rs 200 samosas, Rs 500 thalis has airport users fuming in new survey

Passengers report paying up to 200% more for food and beverages at Indian airports, with samosas priced at Rs 200 and thalis at Rs 500, sparking calls for affordable options and pricing reforms

Govt may soon decide whether to curb steelmaking raw material imports

The trade ministry's Directorate General of Trade Remedies (DGTR) said in April the curbs were meant to protect domestic met coke producers from rising imports, which have increased by more than 61%

Govt announces formula for classifying green steel based on emissions

Steel produced with emissions below 1.6 tonnes per tonne of alloy would be classified as 'five-star green-rated steel', the cleanest of the three

Govt considering proposal to impose safeguard duty on steel imports

A final call on imposing the duty can be taken by the finance ministry on recommendations of the ministry of commerce

Noida Airport partners Mahindra Logistics Mobility for e-taxi service

The round-the-clock and seven days-a-week service will feature premium pick-up and drop-off facilities located at the arrival and departure kerbs

Surge in finished steel imports sparks industry woes, policy dilemmas

It remains to be seen how the government charts out a path to address the competing concerns and resolve the matter

InoxGFL enters solar manufacturing, first plant likely by early next year

Policy emphasis on local equipment, existing RE customer base key push for the decision, says Devansh Jain

MCA offers e-adjudication, e-consultation to boost stakeholder confidence

The introduction of e-adjudication and e-consultation platforms aims to simplify legal procedures, improve stakeholders' experience, and bolster India's ranking in the ease of doing business

After QSR, Bhartias and Jaipurias to battle it out in soft drink space

The Bhartias and the Jaipurias are already competing in the quick-service restaurant (QSR) space as both have known global brands in their portfolios

'Pressure' from India Inc to raise duties: Industry secretary Bhatia

Says it wants to remain protected from foreign competition

Centre grants one year extension for select IT hardware import system

Govt to monitor local manufacturing under PLI before imposing any import curbs

Expect same high growth momentum to continue in 2025, says Toyota

In the first eight months of this financial year, TKM sold 219,054 units and achieved a growth of 39 per cent year-on-year (Y-o-Y)

Hindustan Unilever appoints Vivek Mittal as ED legal and corporate affairs

Mittal currently serves as global general counsel at Dr Reddy's Laboratories, managing legal, ethics, compliance, and data privacy risks for the company

No disruption on Day 1 of mandatory message traceability: Trai officials

90% of businesses accounting for the majority of commercial traffic have registered, telcos say

FMCGs need volume growth, distribution innovation: Pidilite's Bharat Puri

Noting that modern trade and quick-commerce channels are thriving, offering new growth avenues, he said insurgent brands are capturing significant growth by winning the hearts of underserved customers

Banks compliant with Trai's new regulations on message traceability

According to senior public sector bank executives, all the mobile phone numbers are white-labelled for call centres, and compliances are in place as far as large commercial banks are concerned

Reliance, ReNew, others submit bids under green hydrogen transition scheme

The maximum benefits available under the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme (Mode-1-Tranche-II) is Rs 5,400 crore

Opec cuts forecast for oil demand growth in again due to 'challenges'

In a monthly report, OPEC said it expects 2024 global oil demand to rise by 1.61 million barrels per day (bpd), down from 1.82 million bpd last month