Page 8 - Industry News

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

Kolkata-based Jain Group to invest Rs 500 cr in hospitality sector by 2030

The group aided Sarovar brand's re-entry into Kolkata after a gap of 5 years. Sarovar Portico Kolkata at Rajarhat was launched on Wednesday, a 128-key mid-market hotel

Ex-ante norms have taken into account India's startup ecosystem: CCI chief

The draft Digital Competition Bill has proposed ex-ante (preventative) regulations requiring digital companies to notify the CCI that they fulfil the criteria to qualify as SSDEs

Logistics cost in India to come down to 9% in next 2 years: Nitin Gadkari

In China, the logistics cost is 8 per cent and in the US and European countries it is 12 per cent, the minister said

Transrail Lighting to float IPO on Dec 19; eyes Rs 400 cr via fresh issue

Apart from the fresh issue, the initial public offering (IPO) comprised an offer for sale of 1.01 crore equity shares by promoter Ajanma Holdings Private Limited

Healthcare sector sees surge in hiring; Delhi, Chennai leading: Report

Rooj further said this surge in hiring intent is powered by the increasing adoption of telemedicine, which has normalised virtual consultations and remote healthcare support. Alongside this

Investment commitments in data centres may cross $100 bn by 2027: Report

India's data centre capacity is estimated to reach 2,070 MW by the end of 2025

Need to see why industries seek high duties despite tariff cuts: DPIIT secy

Secretary in the Department for Promotion of Industry and Internal Trade Amardeep Singh Bhatia said that it needs to be examined why such requests come

Trai's new message norms: Your OTPs safe, but spam may have a hard time

Trai's new message traceability norms go live from Dec 11 and aim to protect users by ensuring OTPs and essential messages are delivered seamlessly, while tackling spam and fraudulent communication

Govt eyes smaller cities for GCC growth with new incentive framework

The policy aims to extend GCC growth beyond metro hubs by offering tax breaks, regulatory clarity, and incentives for specialised centres in Tier-II and III cities

IATA chief hopeful that India will provide more bilateral flying rights

Bilateral flying rights are between two countries that allow airlines from either side to operate a specified number of flights

Industry must realign itself with political, strategic policies: Sitharaman

Sitharaman said the economy has to clawback more to regain its strength after the Covid pandemic

Surging global tourism emissions are driven by just 20 countries: Study

The study draws together multiple datasets, including those published directly by 175 governments over 11 years

EY worker's death highlights risks for unprotected white-collar workers

India's decades-old labour laws are largely focused on blue-collar workers, leaving others vulnerable to workplace abuse

Adani Green fastest wealth creator during 2019-24: Motilal Oswal study

Given its sheer size, RIL has remained the top wealth creator on an absolute basis during 11 out of the last 17 five-year study periods

Indian mid-segment hotels enjoy competitive edge against int'l peers

According to the whitepaper, home-grown mid-market brands with small inventory can experience rapid growth in tier II, III, and IV cities, as it is exceedingly challenging for international brands

Govt announces ALMM for PV cells to push India's green energy transition

The government is aiming to make the second list (List II) under the ALMM for solar PV cells effective June 1, 2026

Meta launches global anti-scam awareness campaign ahead of holiday season

In addition to Meta's ongoing detection and enforcement against scams, the company is also working with open-source researchers at Graphika to find and disrupt scams

Pilot aspirants should look at fascinating Indian market: IATA chief

India is one of the world's fastest-growing aviation markets and airlines are expanding their operations, with Air India and IndiGo placing significant orders for aircraft, including wide body A350s

Industry body ISSDA seeks separate policy for stainless steel industry

Raw material securitisation would be one of the major components of the policy. The scope of the policy would also include aspects such as increasing demand and building capacities