Industry News

Three foreign universities get Centre's nod to set up Indian campuses

Two universities from the UK and one from Australia were granted Letters of Approval (LoAs) to establish campuses in India, the Ministry of Education announced on Tuesday. The move is aimed at strengthening the country's bid to becoming a global education hub under the National Education Policy (NEP) 2020, it said. The varsities granted letters were the University of Bristol and the University of York from the United Kingdom, both of which will set up campuses in Mumbai, and the University of New South Wales from Australia, which will establish its campus in Bengaluru. The LoAs were handed over by Higher Education Secretary and University Grants Commission (UGC) Chairman Vineet Joshi in the presence of Union Education Minister Dharmendra Pradhan. In a statement, the ministry said the LoAs were received in person by Executive Dean and Director, University of Bristol, Michelle Jones; Vice-Chancellor, University of York, Professor Charlie Jeffery and Deputy Vice-Chancellor, Education

Updated On: 09 Jun 2026 | 11:44 PM IST

Salary hikes set to moderate in FY27, EV sector remains top payer: Report

Salary increments are projected at 8.6-10.2 per cent in FY27, with EVs, fintech, healthcare, and energy sectors continuing to offer the strongest pay growth

Updated On: 09 Jun 2026 | 11:01 PM IST

Cotton price relief from duty cut may prove short-lived, traders warn

While cotton and yarn prices have eased after the import duty cut, traders caution that global price risks, El Nino concerns and the October import window could limit the benefits

Updated On: 09 Jun 2026 | 10:53 PM IST

India's ship certifier de-classed 235 vessels over sanctions since 2023

Since 2023, Mumbai-based IRClass has de-classed 235 ships from its registry, mainly oil tankers and also a few gas carriers, the non-profit organisation's Executive Chairman Arun Sharma said

Updated On: 09 Jun 2026 | 9:29 PM IST

Air India's revival on track, but aircraft delays hit growth plans: Wilson

Air India's foundations have been rebuilt over the last four years, but non-delivery of aircraft on schedule has significantly impacted growth and fleet modernisation, according to the airline's outgoing CEO Campbell Wilson. In an interview with PTI, Wilson, who is set to step down as the CEO and MD of Air India later this year, said he has no plans to take up another full-time executive position. The loss-making airline, which was privatised in January 2022 and is now jointly owned by the Tata Group and Singapore Airlines, is in the midst of an ambitious transformation plan but has been facing multiple headwinds. Describing the journey at Air India as fantastic and incredible, 54-year-old Wilson mentioned various efforts, including the cultural transformation, merger of four airlines, rebranding and upgrading the product, which is well underway. On April 7, Air India announced the resignation of Wilson as CEO and MD. A New Zealander, he was appointed to the role in May 2022. On h

Updated On: 09 Jun 2026 | 5:09 PM IST

JSW Steel's May crude steel output rises 15% to 2.29 million tonnes

Output gains were driven by full operations at Dolvi and the ramp-up of JVML, while a key blast furnace at Vijayanagar remained shut for expansion

Updated On: 09 Jun 2026 | 10:57 AM IST

TVK govt reaches out to industry amid policy continuity concerns

Tamil Nadu government engages industry leaders, expedites approvals and assures policy support as it seeks to retain investor confidence and sustain investment momentum

Updated On: 08 Jun 2026 | 10:48 PM IST

Farmers procure 3.5 times more organic manure this kharif season

India imports a large quantity of urea and di-ammonium phosphate to meet local demand. Total domestic production of fertilisers, including urea

Updated On: 08 Jun 2026 | 8:03 PM IST

India's GLP-1 market enters slower growth phase after semaglutide surge

After a near fourfold expansion driven by generic semaglutide launches, India's GLP-1 market is showing signs of moderation as patient onboarding growth slows

Updated On: 08 Jun 2026 | 7:18 PM IST

India's engineering exports rise to $122 bn in FY26: Govt official

India's engineering exports have leapt from $70 billion in the financial year 2014-15 to $122.43 billion in FY 2025-26, which is a powerful validation of the country's development and progress, a senior official said on Monday. Addressing a press conference in Panaji, Vimal Anand, Joint Secretary of Department of Commerce, said that the remarkable rise in the sector over the past 12 years reflects growing strength, competitiveness and resilience of the country's manufacturing and export ecosystem. He said that engineering exports have expanded from nearly $70 billion in fiscal 2015 to $122.43 billion in the financial year ending March 31, 2026. Their share in India's merchandise exports has steadily increased from about one-fifth of total exports to nearly 28 per cent, reaffirming the sector's position as the largest contributor to the country's merchandise export basket, the official said. He said that this growth has been achieved despite an increasingly complex global trade ...

Updated On: 08 Jun 2026 | 4:25 PM IST

SpiceJet plans to induct 3 Airbus A320 planes on damp lease in July

Domestic carrier SpiceJet on Monday said it plans to induct three Airbus A320 planes on a damp lease next month to further expand its fleet. The company has already finalised a lease agreement (with the lessor) for these three narrowbody planes, the airline said in a statement. Along with this, SpiceJet said it has also ungrounded a Boeing 737 MAX aircraft and put it back into commercial operations. The additional capacity will support the airline's network requirements during the busy travel season and provide greater operational flexibility across its domestic and international routes, it said. "These aircraft will help us meet growing passenger demand, strengthen operational resilience and enhance network flexibility during a busy travel period," said Debojo Maharshi, Chief Business Officer, SpiceJet. The airline, he said, continues to focus on steadily expanding its fleet and improving operational readiness as we move forward with our growth plans.

Updated On: 08 Jun 2026 | 3:41 PM IST

BaaS lowers entry cost of EV ownership, but may not always be cheaper

Battery as a Service reduces the upfront cost of buying an electric vehicle, but recurring payments, contract terms and resale concerns mean it works best for users with moderate distance driving

Updated On: 07 Jun 2026 | 11:53 PM IST

India is a significant player in Asia Pacific air traffic growth: IATA

India is a significant player in the growth story of air traffic in the Asia Pacific region, where the number of air passengers is projected to touch 4.1 billion by 2044, according to IATA. International Air Transport Association (IATA) represents over 370 airlines, accounting for around 85 per cent of the global air traffic. The number of air passengers in the Asia Pacific is projected to jump to 4.1 billion by 2044 from 1.7 billion in 2024, which would mean 2.4 billion additional passengers, as per IATA. At a briefing in the Brazilian city, the grouping's Regional Vice President for Asia Pacific, Sheldon Hee, on Saturday, said India has been a significant player in the growth story for the Asia Pacific for the last several years. India is one of the world's fastest-growing domestic civil aviation markets. The growth in the Asia Pacific has been strong over the last 5-10 years, and will continue to be strong in the next decade or so, he said. He listed out infrastructure, taxatio

Updated On: 06 Jun 2026 | 10:44 PM IST

Advent Convention and Hotels International buys Mumbai land for ₹275 crore

In November 2025, Advent Hotels International was listed on the BSE and NSE following its demerger from Valor Estate

Updated On: 06 Jun 2026 | 8:54 PM IST

Bridge Green launches Tamil Nadu's first critical mineral recovery facility

Bridge Green Upcycle has inaugurated Tamil Nadu's first dedicated critical mineral recovery plant for spent lithium-ion batteries, with plans to invest up to ₹1,000 crore over five years

Updated On: 06 Jun 2026 | 3:51 PM IST

Inox Clean to acquire Vena Energy India's 6 GW renewable portfolio

The acquisition will expand Inox Clean Energy's operating and near-operational renewable portfolio to around 4 GW and take its development pipeline beyond 12 GW

Updated On: 04 Jun 2026 | 8:52 PM IST

Sugar industry seeks Centre of Excellence for advanced sugarcane breeding

ISMA and NFCSF have proposed a ₹87.94-crore Centre of Excellence at ICAR-SBI, Coimbatore, to accelerate development of climate-resilient and disease-resistant sugarcane varieties

Updated On: 03 Jun 2026 | 7:38 PM IST

Cabinet approves ₹10,000 crore fund to stabilise ATF costs amid crisis

OMCs will be compensated for losses arising from elevated international ATF prices whenever the prevailing import parity price exceeds a benchmark price determined by the government

Updated On: 03 Jun 2026 | 3:46 PM IST

Power ministry reviews steps to strengthen grid stability as demand rises

The ministry discussed transmission planning, storage systems, grid resilience and renewable energy integration to ensure stability as electricity demand continues to grow

Updated On: 02 Jun 2026 | 8:45 PM IST

Chouhan reviews monsoon progress, flags El Nino risk; govt on alert mode

Union Agriculture Minister Shivraj Singh Chouhan on Tuesday reviewed the progress of southwest monsoon and directed officials to provide timely farm advisories and maintain better coordination with states to tackle the potential impact of El Nino on kharif crops. The government is on "alert mode", Chouhan said, asking officials to maintain constant check on monsoon status. "Ensure better coordination with states and take prompt action," Chouhan told officials in the meeting. He also asked them to provide timely advisories and essential assistance to farmers, an official statement said. Measures to safeguard farmers' interests and mitigate the impact on kharif crops were discussed in detail, it said. Officials from all departments and agencies concerned were present in the meeting. The southwest monsoon is expected to onset over Kerala around June 4, the India Meteorological Department (IMD) said on Tuesday. Typically, rains arrive in Kerala around June 1, marking the beginning o

Updated On: 02 Jun 2026 | 7:38 PM IST