Tag Archives: industry

Carmakers say fossil-fuel vehicle ban will dent industry and stall sales

David Bailey, an automotive industry expert at Aston University, said two decades was plenty of time for carmakers to evolve. Photograph: Anna Gowthorpe/PA Britain’s car industry has warned that the government’s proposed ban on sales of new petrol and diesel cars by 2040 risks damaging the industry and stalling sales of new cars. Mike Hawes, chief of executive of the ... Read More »

How the Hospitality Industry Can Benefit from Wireless Broadband

In the early days, Internet connectivity used to be regarded by many as a luxury or simply as some sort of status symbol. These days, however, it is truly a necessity. From connecting people to keeping them updated about news and current events around the world, the Internet has become a constant source of real-time information for people everywhere. Internet ... Read More »

GST impact: Jayant Sinha urges trade, industry to trust the system

Jayant Sinha, Minister of State for Civil Aviation speaking at an awareness meeting on GST in Coimbatore on Tuesday S Siva Saravanan The wet grinder cluster in Coimbatore finally had something to cheer about when Jayant Sinha, Minister of State for Civil Aviation, took note of their plea on GST rate fitments and assured the members that he would do ... Read More »

Anil Ambani says MF industry barely out of teens; can grow 10-fold in 5 years

Anil Ambani, Chairman of Reliance Group today, said the mutual fund industry is barely out of its teens and is poised to grow 10-fold in 5 years. He urged SEBI Chairman Ajay Tyagi to simplify investment and advertisement norms for mutual funds. Ambani said investing in mutual funds must be as easy as buying smartphones on internet. Ambani was addressing ... Read More »

RTAs are the backbone of the mutual fund industry

Technology is key to supporting growth in any industry. As one of the largest registrar and transfer agents (RTA) in the country, Karvy Computershare Pvt. Ltd has used technology to drive growth and service the industry. A booming industry like mutual funds wouldn’t have reached this level of growth without the use of best of technology that is largely supplied and ... Read More »

No margin pressure on IT industry: Raman Roy

The National Association of Software and Services Companies (Nasscom) has said there is no pressure on margins of IT and BPM (Business Process Management) companies. “It is not true. Actually, the per employee revenue has gone up in the country,” said Nasscom Chairman Raman Roy. He, however, said the companies have begun to spend heavily on retraining employees in newer ... Read More »

Large-scale solar industry takes off as 12 new plants secure finance

Broken Hill solar farm. Twelve new plants awarded grants by the Australian Renewable Energy Agency are now in the pipeline. Photograph: Josh Wall/Guardian Australia Australia’s large-scale solar industry now appears to be on solid ground, with all 12 plants recently awarded grant funding by the Australian Renewable EnergyAgency reaching “financial close” this month. That means they are fully financed and ... Read More »

Oil industry faces boom-and-bust, warns IEA energy group

A new oil industry boom-and-bust cycle is likely if the current reduction in new investment is not reversed, says the International Energy Agency. The IEA says unless more money is spent exploring for, and developing, new oil fields, then demand may outstrip supply in the early years of the next decade. That could see oil prices surging again, says the ... Read More »

May targets finance industry for failing to promote women

Prime Minister Theresa May criticised Britain’s finance industry for failing to promote and retain women on Tuesday as the government revealed that some of the biggest players have committed to having at least 30 percent in senior roles by 2021. The Treasury said that for every pound earned by a man in the male-dominated financial services industry – the highest ... Read More »

Brexit boost for superyacht industry as sales rise above sinking pound

Britain’s superyacht industry is weathering the Brexit storm with the sector reporting its highest level of confidence in the wake of the EU referendum – although choppier waters could be on the horizon. Fresh figures released by British Marine and Superyacht UK on Monday show that revenue rose 11.5 per cent to £605m in 2015/2016, marking the industry’s fourth consecutive year of growth. However, ... Read More »