Page 10 - Industry News

SC asks JioStar to approach Delhi HC in Trai tariff framework dispute

A bench comprising CJI Surya Kant and justices Joymalya Bagchi and V Mohana asked senior advocate Mukul Rohatgi to move the HC with its plea and disposed of the transfer petition filed by JioStar

Eisai launches Alzheimer's drug Leqembi in India after CDSCO approval

The disease-modifying therapy for early Alzheimer's disease will cost ₹21,682 per vial, with treatment expenses varying according to patients' weight and dosage

Bike ambulances to get national standards: What MoRTH's draft rules propose

India plans a dedicated regulatory framework for bike ambulances. The draft rules set standards for construction, safety, registration and periodic fitness inspections

Rera extension may save stalled housing projects from insolvency risk

Legal experts said that it should not be construed as permitting developers to increase prices for units already sold

Premature life policy exits surpass maturity payouts, shows govt data

Surrenders and withdrawals accounted for 39% of total benefits paid by life insurers in FY26, overtaking maturity payouts amid rising early exits from long-term policies

SC allows CERC to frame mkt-coupling regulations, dismisses IEX challenge

The apex court says the challenge is premature as regulations are yet to be notified, while allowing IEX to raise objections after the framework is finalised.

Govt considers duty parity for SEZ units on domestic market sales

Proposal under SEZ Policy 2.0 may allow SEZ units to pay duty only on imported inputs used in domestic sales, aligning treatment more closely with DTA manufacturers

OPPI seeks India-based start for regulatory data protection period

Industry body says it is open to a shorter regulatory data protection period if the clock starts from a drug's marketing approval in India rather than its first global approval

Nexus Select Trust posts 11% NOI growth on strong leasing, consumption

Blackstone-backed retail Reit reports double-digit growth in consumption, leasing and distributions, while building an acquisition pipeline to expand its portfolio by 2030

L&T Semiconductor goes local with chip backend, shifts OSAT to India

Tata Electronics among its partners; eyes break-even in two years

Two 55 MW nuclear SMRs to cost ₹7,000 crore, Centre tells Parliament

Centre says indigenous small modular reactors will take 5-6 years to build after financial approval, with BARC developing three designs under the Nuclear Energy Mission

Govt says 352 tech defects reported in flight operations in 2026 till June

The government told Parliament that 352 significant technical defects were reported in flight operations till June, while the DGCA issued 382 show-cause notices since 2024

CJP protests: When silence, support and service become brand strategy

Blue Tokai offered shelter. Swiggy and Blinkit delivered supplies. Several brands paused campaigns. The Jantar Mantar protests became an unexpected lesson in brand strategy

From IPL finals to concerts, multiplexes seek a life beyond the movies

Concert films, live sports and fan events are emerging as multiplexes' latest growth strategy as exhibitors look to reduce their dependence on blockbuster releases and attract new audiences

Amazon sued over 'sustainable' seafood claims: What consumers allege

The proposed lawsuit accuses Amazon of greenwashing by using labels such as 'responsibly sourced' and 'sustainable' on seafood products. Here's what the complaint says

Uttar Pradesh logs 53% jump in real estate investment at ₹68,328 crore

This was higher than the capital investments of ₹28,411 crore and ₹44,526 crore in the housing and commercial real estate recorded during calendar years 2023 and 2024 respectively

Trai launches revamped version of MyCall app to improve call quality

The upgraded MyCall app allows users to rate voice calls, report call drops and share post-call feedback, helping telecom operators and Trai identify network issues and improve services

India proposes extending tax breaks for contract manufacturing, aids Apple

India has also exempted from tax foreign companies' income from storing and providing parts used to manufacture such electronics components to contract manufacturers until 2041

Andhra partners IIT Tirupati, UNSW for solar manufacturing centre

The Centre of Excellence at IIT Tirupati will focus on solar manufacturing, research, workforce development and technology commercialisation under an Andhra Pradesh-Australia partnership.

AI boom, West Asia crisis drive PCB shortage, raise electronics costs

West Asia tensions and soaring AI server demand have triggered a global PCB shortage, raising costs for electronics makers as India ramps up local component production