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ICRA predicts 4-6% growth in FY25 tyre sales
Icra stated that domestic tyre sale volumes are expected to experience a moderate growth of 4-6 per cent in this fiscal year, following an estimated pace of 6-8 per cent in the previous financial year. The growth in the last fiscal, it was said, had been driven by factors such as elevated base and subdued growth in the commercial vehicle (CV) segment. However, Icra anticipated that domestic demand from original equipment manufacturers (OEMs) in certain consumer segments like PV (passenger vehicle) and two-wheeler, as well as for replacement, would remain healthy, supporting overall tyre volume..
Indian ports boost efficiency and earnings in 2023-24
Indian ports have reportedly shown improvement in key parameters and are currently operating at levels comparable to the best globally.
According to data compiled by the Ministry for Ports, Shipping, and Waterways, it was stated that the average container turnaround time (TRT) for eight Major Ports had improved to 22.57 hours during the fiscal year 2023-24, compared to 23.44 hours in the fiscal year 2022-23. It was noted that these eight ports collectively handle 65% of all cargo moving through the central government-administered ports of the country.
It was further mentioned b..
Construction Equipment Sales Surge 26% to 135,650 Units in FY24: ICEMA
In fiscal year 2024, sales of construction equipment witnessed a notable surge, rising by 26% to reach 135,650 units, according to data from the Indian Construction Equipment Manufacturers' Association (ICEMA). This substantial increase reflects a robust demand for construction machinery and equipment, driven by various infrastructure projects and construction activities across the country. The surge in sales signifies positive momentum in the construction sector, indicating increased investment and activity in infrastructure development, real estate, and other construction-related industries...
India Surpasses Australia, Japan, and Singapore in Data centre Capacity
India has surpassed Australia, Japan, and Singapore in data centre capacity, cementing its position as a prominent player in the global digital infrastructure landscape. The country's rapid advancement in data centre infrastructure underscores its growing significance in the digital economy.
The surge in data centre capacity is attributed to several factors, including increasing internet penetration, rising demand for digital services, and government initiatives to promote digitalization. As businesses and consumers alike embrace digital technologies, the need for robust data infrastru..
India's data center industry growth to double by 2026; reach 2,000 MW
India's data centre industry is experiencing explosive growth, driven by the country's rapid digitisation. CareEdge Ratings predicts a data centre capacity surge, doubling to 2,000 MW by 2026. This expansion will attract significant investments, with an estimated Rs 500 billion flowing in over the next three years.
The data centre growth is driving/attracting large scale investments in the expansion of the network connectivity ecosystem which is critical for high volume data transfer at low latency levels. It is imperative that for such large-scale capacity addition, data centre playe..