The digital platform enables declaration, assessment, payment and monitoring of mineral royalties, aiming to improve transparency, compliance and revenue administration

CSM TECHNOLOGY

Business Standard

Drug regulators in Maharashtra, Karnataka and Uttar Pradesh are gathering data on price mark-ups, potentially strengthening the case for a review of trade margin rationalisation

pharmaceutical sector, pharma sector, medicines, meds

Access with affordability should be a right across every industry, Communications Minister Jyotiraditya Scindia said on Monday, citing sharp fall in voice and data tariffs and the exponential rise in internet and broadband users as evidence of how India has expanded its digital access.
Backing his argument with figures, Scindia said voice call rates have fallen from Rs 16 per minute in the 1990s to becoming free, while data costs have dropped 97 per cent from Rs 287 per GB in 2014 to about Rs 8 per GB currently.
Internet users have risen from around 250 million earlier, to over 1.1 billion today, while broadband connections have crossed the one-billion mark, he said.
"That is not additive. That is multiplicative, and that is what we have been able to do in India. Access with affordability has to be a right in every vertical, in every industry across the length and breadth of our country. And telecom has shown the path, has shown the way," the Minister said addressing the Indian ...

Jyotiraditya Scindia, Jyotiraditya, Scindia

Internet users have risen from around 250 million earlier, to over 1.1 billion today, while broadband connections have crossed the one-billion mark, he said

Press Trust of India

Proposals include ITC relief on free samples and expired drugs, while a 90 per cent refund of accumulated credit could ease working-capital pressure for drugmakers

clinical trials

Industry associations have sought a six-month relaxation of steel import duties and quality control orders, along with government steps to improve raw-material supplies

STEEL

IBM has invited applications from eligible companies to establish mineral exchanges, with the platforms initially allowed to facilitate trading in five minerals

minerals

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

RIICO

Euler Motors CEO Saurav Kumar says state policies can accelerate commercial EV adoption by addressing costs, financing and charging infrastructure barriers

Euler CEO

Mercedes-Benz India could have sold another 1,000 vehicles with adequate CLA EV supplies; the carmaker has over 1,000 orders, with deliveries stretching into 2027

Santosh Iyer, MD&CEO, Mercedes-Benz India

Electric vehicles are not the only solution to reduce pollution, and the auto industry should remain technology-agnostic in its efforts to cut emissions while giving consumers greater choice, TVS Motor Chairman Emeritus Venu Srinivasan said on Monday.
"I always believe we have to be agnostic (in technology) and look at the net effect on the country in terms of pollution, quality and environment. So, EV is not the only solution," Srinivasan said on the sidelines of the IFQM Symposium 2026.
He said electric vehicles should be allowed to grow organically, with consumer choice playing an important role. In India, EV adoption has been gaining ground, particularly in the three-wheeler and two-wheeler segments.
On ethanol blending in petrol, Srinivasan said the policy could help India reduce its dependence on fuel imports, while the impact on vehicle performance has so far been limited.
"The degradation in performance is very marginal. I think that should not deter us. After all, the whol

Venu Srinivasan

Srinivasan also stressed the need for Indian companies to raise quality and productivity standards as they seek to expand their presence in global markets

July gap widens to 13,060 units; August mismatch persists

Toyota

The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels

MSME exports

The highly fragmented and labour-intensive industry relies on imported raw materials such as gold and rough diamonds, exposing it to demand fluctuations and geopolitical disruptions

India gems and jewellery exports, West Asia conflict impact, US tariffs jewellery India, UAE trade India gems, Gems and Jewellery Export Promotion Council, export slowdown India, precious stones imports UAE, gold imports India UAE, trade diversificat

MSME fintech firm Progcap aims to raise up to USD 45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business.
"We are planning a capital raise through equity dilution next financial year," Progcap co-founder Himanshu Chandra told PTI.
It would be through private placement of shares, and the quantum could be in the range of USD 40-45 million, depending on the valuation, he said.
"We have enough capital to take care of growth needs for the current financial year. We may look at dilution of equity next financial year," he said, adding that the dilution would be in the single digit.
The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers.
The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.
The lending firm focuses on loans to retailers and wholesalers across 10 

investment, funds, funding

The fintech firm plans to raise up to $45 million through a private placement of shares next financial year to support the expansion of its MSME lending operations

Over 100 MSME players of the stainless steel sector have urged the government to reintroduce the quality control order, citing a surge in Chinese imports after the order was revoked to ease the sourcing of raw material for domestic manufacturing.
The steel ministry, through an order dated April 27, suspended the quality control order (QCO) that mandated the use of only BIS-certified items for various stainless steel products. The move was aimed at easing the compliance burden for local producers, especially micro, small and medium enterprises (MSMEs).
However, MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO.
"The suspension of QCO has opened the door for a surge of low-priced imports from China, placing domestic MSME manufacturers under severe pressure and threatening thousands of jobs and substantial investments made by Indian entrepreneurs," industry bodies Stainless Steel Induction

steelmakers, steel

MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

HDFC Bank, HDFC Bank chairman, HDFC Bank CEO, Sashidhar Jagdishan, Atanu Chakraborty, Keki Mistry, HDFC Bank board, HDFC Bank leadership, HDFC Bank chairman appointment, HDFC Bank CEO reappointment, HDFC Bank governance, HDFC Bank legal review, HDFC

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

bank, banks, private

The benchmark 10-year government bond yield hardened by 42 basis points during the quarter, while the five-year bond yield rose by 43 basis points to 6.85 per cent

banks profits credit growth

Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window

RBI, FCNR(B), bank deposits, Foreign investors

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