Page 11 - Industry News

India plans ₹5.8 trn investment in 100 Gw hydro pumped storage projects

India plans ₹5.8 lakh crore investment to build 100 GW of hydro pumped storage projects by 2035-36 to support large-scale renewable energy expansion

Myntra's Bansal, Flipkart's former exec Ranjan to launch edtech firm

Myntra co-founder Mukesh Bansal and ex-Google executive Peeyush Ranjan have launched Fermi, an AI-first STEM edtech platform targeting India and the US

Supreme Court seeks status report from CBI, ED on probe into RCom group

The plea contends that the FIR registered by the CBI in August 2025, along with parallel ED proceedings, addresses only a limited portion of the alleged wrongdoing

Gujarat, Odisha power discoms lead this year's performance rankings

Gujarat's power utilities and Odisha's private discoms emerged as top performers in the latest power ministry rankings, while utilities in Telangana and Jharkhand featured among the weakest performers

Centre mandates blue chip on all antimicrobial brand labels to counter AMR

In a gazette notification dated January 23, the Union health ministry proposed adding a new clause under Rule 95 of the Drugs Rules, 1945

Trai's exclusive numbering mandate raises concern on debt collection

TRAI's 1600-number mandate to curb fraud may raise lenders' collection costs and push NBFCs and banks back towards field-based debt recovery

CCI links JSW Steel, Tata Steel to price cartel via WhatsApp chats

India's antitrust watchdog found Tata Steel, JSW, SAIL and RINL shared price plans and coordinated output cuts, pointing to cartel-like behaviour

Dholera semiconductor plant to use ASML tech, says Ashwini Vaishnaw

Semiconductor plants being set up in Dholera will use lithographic tools of Dutch company ASML, Union Electronics and IT Minister Ashwini Vaishnaw said during his visit to its facility in Veldhoven on Friday.

AI likely to add $550 billion to India's GDP by 2035: PwC India study

PwC India estimates artificial intelligence could add $550 billion to key sectors by 2035, if adoption focuses on productivity, inclusion and sustainable growth

Over 1 billion Indian viewers may tune in to TV by 2029: IIM-A report

An IIM-A report says the growth may be led by rural, low-income states

India 8th among 11 countries in investment in AI: WEF white paper

US, Singapore, S Korea and China are the top four, it says

Retailers gear up for Republic Day rush as shoppers chase deep discounts

Retailers expect a weekend rush as Republic Day sales offer discounts up to 50%, with the long weekend helping clear winter stock and make way for new collections

Bike taxis set to make a comeback in Karnataka as High Court lifts ban

Court calls blanket prohibition a restraint on trade; firms welcome move

76% of recruiters expect new job creation in H1 2026: Naukri survey

The IT sector may remain an outlier, where 'Budget Constraints' is likely to be the primary hurdle for recruiters, though this has eased slightly this year

Tamil Nadu amends wind power policy to extend life of old projects

Tamil Nadu amends its wind repowering policy, easing rules on life extension, banking and charges to revive ageing wind projects and boost renewable capacity

Nokia keen on establishing GCC in Karnataka: Minister Patil

Karnataka Minister said Nokia plans to expand in Bengaluru and Tier-2 cities, while firms like Cloudflare, Vast Space, Crescent Enterprises and Voyager Technologies explored partnerships, investments

PIDF scheme impact to be offset by revenue growth, targeted sales: Paytm

The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the Northeastern states and Union Territories

Precious metal refiners seek duty parity to ease import disadvantage

Currently, dore duty stands at 6 per cent for both gold and silver, with refiners getting a 0.65 per cent duty differential, making the effective rate 5.35 per cent

300 exhibitors from 30 nations likely to feature in India-AI expo

Spain will send rectors from 80 universities to meet Indian counterparts during the AI World Summit in New Delhi in February, underscoring growing academic and research collaboration

Meity may cut compliance timeline for key DPDP rules to 12 months

Proposed move to shorten implementation time to 12 months from 18 months is likely to face resistance from industry players