Page 10 - Industry News

Travel firms hit as West Asia crisis triggers cancellations, stock decline

Travel and tourism stocks fell more sharply than the Sensex as tensions in West Asia led to mass cancellations, flight disruptions and rising uncertainty across key outbound markets for India

Exporters, vessel operators at sea over stranded ships, Indian seafarers

DGFT, DGS officials have met stakeholders over past two days to discuss issues they are facing

Indians press pause on Dubai real estate amid rising West Asia conflicts

Developers planning new projects in the region may defer new launches

Tata Motors, M&M, and JSW MG oppose Niti Aayog's transport report

Govt think-tank's report on transport sector suggested CAFE norms must incentivise smaller entry-level vehicles

Cipla, Kemwell form biologics JV to tap fast-growing biosimilars market

Cipla will hold 60% in the new JV with Kemwell Biopharma, aiming to develop, manufacture and commercialise biologics and biosimilars for global markets amid rising demand

Holi adds splash of colour to quick-commerce carts and campaigns

In addition to curating a Holi section, Zepto is also allowing users to send festival greetings to one another on the mobile application itself

Flight cancellations due to West Asian crisis trouble telecom execs

Flight cancellations amid West Asia conflict disrupt travel plans of Indian telecom leaders headed to Mobile World Congress in Barcelona

Global reinsurers scrap marine hull war cover amid West Asia tensions

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

M&A activity in power sector gathers pace as PPAs drive up valuations

Accelerating power demand, revival of long-term PPAs, stronger plant load factors and attractive valuations are triggering a fresh wave of M&A activity across thermal and renewable assets

Coal production from captive, commercial mines rises 18.5% in February

Captive and commercial coal production rose sharply in February, supported by policy measures and expanded mining capacity, with the Coal Ministry projecting continued stability in supplies

Telecom industry to need additional ARPU of ₹35-40 to get 15% ROCE: Ind-Ra

Ind-Ra says telcos need a Rs 35-40 ARPU increase to achieve 15% ROCE, indicating another round of tariff hikes even as profitability improves and capex intensity falls across the sector

PM inaugurates ₹3,600 cr Powergrid projects to boost Rajasthan solar flow

Powergrid's new transmission systems will evacuate renewable power from Rajasthan's major solar zones, including Bhadla, strengthening national green energy infrastructure

West Asia crisis: Piled-up cargo, frozen orders hit textile industry

Vessels wait outside ports as buyers in the UAE and Gulf pause shipments, raising freight, insurance and margin risks for Tiruppur and Surat exporters

Tea exporters brace for disruption as West Asia conflict hits shipments

Indian tea exporters face rising uncertainty as the West Asia conflict disrupts payments, shipping and freight costs, threatening flows to key Gulf markets that account for over 40% of total exports

FMCG companies worried about price pressure amid West Asia conflict

FMCG firms exporting to West Asia are monitoring the Iran conflict as rising crude prices and supply chain risks threaten higher packaging and freight costs, with exporters bracing for volatility

Tea exporters brace for disruption as West Asia conflict hits shipments

Indian tea exporters face rising uncertainty as the West Asia conflict disrupts payments, shipping and freight costs, threatening flows to key Gulf markets that account for over 40% of total exports

Bombay HC asks Centre, Maharashtra to rule on Imagicaa incentive plea soon

The Bombay High Court has directed the Centre and Maharashtra to take a time-bound decision on Imagicaaworld's plea seeking an extension of tourism incentives for its theme and water parks

Strong demand, low credit costs to keep gold-loan NBFC profits healthy

Crisil Ratings expects gold-loan NBFCs to maintain strong profitability as rising demand, better operating leverage and benign credit costs support returns over the next two fiscals

Uttar Pradesh govt to carve out 1,000 acres for Singapore, Japan firms

'Each enclave will cater to investors from their respective countries across a range of industries and domains,' said a senior state official

Rajasthan govt streamlines ODOP, MSME approvals to ease doing business

Rajasthan streamlines ODOP and MSME approvals, delegates powers to district GMs and shifts fully online to speed up clearances and boost ease of doing business