Page 11 - Industry News

It's 'jobs first' in Panapakkam: Locals push for hiring, better facilities

Industrial projects lift Panapakkam's profile, but locals demand jobs, storage facilities and water security as key election issues

Delhi High Court's ruling eases tax uncertainty on share buybacks

Delhi High Court ruling clarifies that share buybacks are not taxable as company income, easing uncertainty in restructuring and capital management

Panel backs prepaid PNG metering, PLI support for smart meter makers

A panel has proposed prepaid smart PNG metering nationwide and suggested PLI support for manufacturers to boost adoption, improve billing efficiency and strengthen CGD finances

Lohia Worldspace eyes Delhi market entry, expansion in Moradabad in FY27

Lohia Worldspace plans Delhi entry with a Kirti Nagar high-rise and expands in Moradabad, targeting multiple projects and investments in FY27

Odisha permits diversion of irrigated land for industries, but with a rider

Odisha allows diversion of irrigated land for industries, mandating firms to create double the lost irrigation capacity under a new compensatory framework

India's 1st advanced 3D glass chip packaging unit to come up in Bhubaneswar

The Rs 1,943 crore project in Bhubaneswar will boost India's semiconductor packaging capacity, create jobs and position Odisha as a hub for advanced electronics manufacturing

Govt sets up committee for expert advisory on India's AI governance

The TPEC, chaired by the Secretary, MeitY, brings together a carefully selected group of experts spanning academic research, the technology industry and digital policy

Heterogeneous Integration set to break ground for its Odisha semicon unit

The project assumes significance as it will manufacture advanced semiconductor packaging solutions based on glass substrates, a technology considered critical for future high-performance chips

Govt responds to West Asia shipping insurance spike with ₹13k cr pool

The pool would cover all maritime risks like Hull and Machinery, Cargo, P&I and War risk, a statement by the cabinet said

Cabinet clears ₹12,980 cr maritime insurance pool with 'war risk' cover

Announcing the decision, Ashwini Vaishnaw said the Cabinet has approved the setting up of a domestic insurance pool to support India's maritime sector

Govt extends PMGSY-III with ₹83,977 crore outlay, approves rail projects

The Cabinet has extended PMGSY-III till March 2028 with ₹83,977 crore outlay and approved key railway expansion projects to enhance connectivity, capacity and support economic activity

Starlink's India entry delayed as FDI clearance faces security concerns

Starlink's FDI proposal on hold as govt flags security risks; approval may depend on clarity from Starlink and its ability to address concerns over potential misuse of satellite services

FSSAI bans use of ashwagandha leaves in supplements, flags safety concerns

The food regulator has allowed only roots and root extracts, warning that leaves may pose risks including liver toxicity and neurotoxic effects, and has asked states to act against violations

CAG flags large-scale irregularities in SC/ST land transfers in Odisha

Audit finds violations of legal safeguards and poor scrutiny in approvals for transfer of SC/ST land to non-SC/ST buyers across multiple districts

Iran war, early summer may trigger thirsty times for Bengaluru's beer mkt

West Asia tensions, rising input costs and early summer demand strain Bengaluru's beer supply, though industry says impact remains limited for now

Tiger Global ruling: Despite Gaar relief, investors seek more clarity

Tax uncertainty persists after Supreme Court's Tiger Global ruling despite GAAR relief, with concerns over treaty benefits, TRC validity and indirect transfer taxation

Datanomics: Overdependence on China, US plagues India's pharma sector

Govt urges pharma firms to cut import reliance, boost domestic production and diversify exports as data shows rising foreign value addition and heavy dependence on China and the US

New CSMT-Kurla rail lines: Parliament's PAC flags poor execution

PAC report cites delays, idle resources and land acquisition hurdles in Mumbai rail project, urging reforms in planning and execution

LPG bookings edge toward normal as summer season eases demand

LPG demand eases as summer sets in; supplies normalise after West Asia disruption, with govt boosting output and restoring commercial gas availability

Coal ministry launches 15th auction, offers 17 blocks to boost output

Seventeen coal blocks, including reoffered mines, put up for auction as Centre looks to enhance domestic production and strengthen energy security