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Tag: Industry

British film industry at a defining point

British film industry at a defining point

Business
As the British film industry prepares for its biggest celebration of the year, it finds itself at a defining point in its history according to some of the leading voices in UK movie-making.The BAFTAs on Sunday night will highlight the best in film acting, directing and a variety of production skills.But away from the glitz and red carpet, there are some profound questions facing the film business, which has developed into one of the most rapidly growing sectors of the British economy.Its growth has been supported by a group of factors.For one thing, successive governments have maintained tax incentives to encourage companies to make films in Britain.For another, some huge blockbuster series have made their homes in the UK - James Bond, Harry Potter and now Star Wars. Their presence has hel...
Innovative materials from bamboo are helping a new industry to sprout

Innovative materials from bamboo are helping a new industry to sprout

Finance
FANNING out from the sodden delta of the Yangtze, and southward to the flanks of the Nanling mountains, over 6m hectares of emerald bamboo groves—one-fifth of the world’s reserves—flourish in China. Giant pandas nibble the softest shoots. Around 40bn pairs of disposable chopsticks are made from bamboo twigs annually in China, for use with everyday meals. Steel scaffolding is still often shunned for bamboo on skyscrapers under construction in even the ritziest parts of Hong Kong. The history of the grass is colourful, too. Before paper, Chinese wrote on bamboo slips; they used bamboo tubes for irrigation, and later stuffed them with gunpowder to ignite muskets.Yet for all its importance and abundance bamboo is “China’s forgotten plant”, says Martin Tam, an expert in Hong Kong. To demonstrat
Trump emissions threat to US car industry

Trump emissions threat to US car industry

Science
The US car industry will be wrecked if President Trump relaxes emissions standards, California's governor says.Jerry Brown said China would dominate car manufacture because it was heavily promoting the electric vehicles that would dominate the future.He said huge investment was needed on electric vehicles, along with federal rules to encourage their purchase.He said President Trump and US car-makers were "half asleep" and hadn't understood the scale of the challenge.He told BBC Radio 4's Costing the Earth: "There will be a serious threat to the US auto industry. "The Chinese have taken over the world in wind turbine production, and photovoltaic."They're going to take over the American car industry - and the people in Detroit are half asleep. They have to wake up - and I'm hoping they will....
SBI brings home loan rate to lowest in industry at 8.3%

SBI brings home loan rate to lowest in industry at 8.3%

Finance
NEW DELHI: The largest public lender, State Bank of India (SBI), today lowered home loan rate by 0.05 per cent to 8.30 per cent, the lowest in the industry. It has also reduced the auto loan by a similar percentage point to 8.70 per cent. The reduction in the retail loan rate by SBI is expected to prompt other lenders to go for a similar move. "With this reduction, SBI's offering in home loan is the lowest in the market. The new rates will be effective November 1," SBI said in a statement. The reduction follows a cut in marginal cost of funds based lending rate (MCLR) two days ago, which came after a gap of 10 months. The bank had last cut the rate on January 1. On the rate reduction, P K Gupta, SBI MD retail banking, said, "With this reduction in rates, we are offering lowest rates...
Industry body calls for easy land and finance availability to boost senior housing sector

Industry body calls for easy land and finance availability to boost senior housing sector

Finance
NEW DELHI: The government should provide easy land availability and finance options to private real estate developers and offer incentives to boost the senior housing sector in India, according to industry body PHD Chamber. The body has urged the Centre to establish a regulatory body for senior housing to invite genuine stakeholders to participate and promote fair plays in the market. In an report published today, PHD Chamber has also called for a single window mechanism for real estate developers planning to develope senior housing. Rajeev Talwar, vice president, PHD Chamber and chief executive officer, DLF, feels motivation to real estate developers is required with lucrative framework and investment opportunities for promoting large scale participation in the senior housing sector b...