Page 10 - Industry News

Tax dept probes Pernod, Diageo Scotch imports under UK trade pact

Tax officials are examining whether bulk Scotch imports qualify for lower duties under the India-UK pact, sources said. Pernod and Diageo said they were cooperating with authorities

HERC grants parallel distribution licence to Eleven Power for Gurugram, Nuh

Over 830,000 consumers will get a choice of electricity supplier as Eleven Power builds its network, with Rs 4,717 crore investment planned and supply expected from 2027-28

CCPA acts against online sale of explosives, delists 3,940 sellers

Dial4Trade and ExportersIndia fined Rs 10 lakh each, while IndiaMART and Justdial face notices as the regulator cracks down on online sales of hazardous explosive substances

Rajasthan State Gas launches PNG push in Kota, eyes 'LPG-free' zones

RSGL launches PNG connection drive in Kota under PNGRB's Drive 3 campaign, offering ₹500 worth of PNG incentives to new households until December 31, 2026

Nestle, HUL face FSSAI action over inconsistent, misleading labels

The food regulator flagged a "Flavoured Milk" vs "Proprietary Food" mismatch on Nescafe drinks, and bone-health and "no added sugar" claims on Horlicks

FSSAI issues notice to Zepto over complaint of delivering expired besan

FSSAI said it has issued a notice to Zepto Marketplace Pvt Ltd regarding a complaint about the delivery of expired besan

Govt asks Meta to avoid algorithmic bias towards limited set of narratives

The advisory asks Meta to review its recommendation systems to prevent misleading or out-of-context content from being disproportionately amplified, amid protests in Delhi

China proposes ban on export of 12 solar manufacturing technologies

The proposed measures target specified solar manufacturing technologies and related equipment-manufacturing know-how, not the exports of finished solar modules

PSUs tap GIFT City for overseas mineral hunt amid critical supply push

In a statement, NMDC said the subsidiary was envisaged as "a strategic investment and financial platform to support NMDC's overseas expansion, particularly in critical and strategic minerals"

Pharma haircare market in India finds its growth roots in young patients

Growth more than twice that of overall dermatology market; September sales surge 37.1% year-on-year, driven largely by higher volumes

Indian business families look to future-proof their legacy: Report

Indian business families are moving beyond traditional inheritance, focusing on succession planning, professional management and governance structures to preserve wealth and build lasting institutions

Govt steps up support for miners in 13 countries amid geopolitical risks

The move assumes significance as the government has in recent months signalled its intention to support private-sector initiatives in overseas critical-mineral assets

Biodiesel enters fuel mix as govt OMCs face growing margin squeeze

With retail diesel prices frozen, state-run oil firms are blending up to 5% biodiesel at select outlets as crude costs rise and marketing margins come under pressure

Centre's cancer drug margin cap draws mixed response from industry, groups

The NPPA's 30% trade margin cap on 137 oncology drugs, effective November 9, has drawn support from the pharma industry, while patient groups question its impact on affordability.

Vedanta invests $600 million to double South African zinc capacity

Vedanta aims to produce 2 million tonnes annually through its subsidiary Hindustan Zinc Ltd and 1 million tonnes through Vedanta Zinc International

Delhi Cabinet approves Go-Delhi Foundation to support startups, innovation

The Delhi government has approved the Go-Delhi Foundation with a ₹50 crore corpus to support startups and young innovators through funding access, mentorship, incubation and product development facili

DLF plans to launch ₹58,000 cr luxury housing projects in Delhi-NCR, Mumbai

DLF plans to launch housing projects worth over ₹58,000 crore across Delhi-NCR and Mumbai in the next 2-3 years, driven by strong demand for luxury homes from buyers and investors.

Highways ministry invokes catastrophic failure clause against 2 developers

The project was sanctioned for Rs 2,061 crore, and EPC work was awarded to the joint venture of VRC Constructions (India) Pvt Ltd and R & C Infra Engineers Pvt Ltd at a contract price of Rs 613 crore

Poor management, workplace culture key reasons behind job switch: Report

A Genius HRTech survey found 47% of employees cited poor management or workplace culture as reasons to consider switching jobs

FSSAI directs food businesses to maintain cold chain for perishable items

The food regulator has asked businesses to maintain prescribed temperatures while handling and transporting items such as khoa, paneer, meat and fish