Page 12 - Industry News

IGX receives regulator's approval for LNG capacity booking platform

The platform will allow LNG terminal operators to list unused regasification capacity and enable buyers to book available slots, improving transparency and infrastructure utilisation

Centre sets sugar diversion for ethanol at zero in 2026-27 tender

India has directed oil marketing companies to exclude sugar-based ethanol from the 2026-27 tender, setting sugar diversion at zero amid concerns over domestic sugar supplies and record-high prices.

Coal Ministry proposes suspension of mining operations for plan violations

Draft rules allow authorities to suspend coal and lignite mining operations for violations of approved plans and require annual compliance declarations from company boards

FSSAI acts against Radisson Blu, e-commerce platforms over safety lapses

Food regulator flags hygiene violations at Radisson Blu, misleading claims for rice bran oil on e-commerce platforms, and suspends or cancels licences of two food businesses

UP govt to develop 1,000 acre data centre and IT hub in Bundelkhand

The proposed hub would be a part of the overarching Bundelkhand Industrial Development Authority, which is envisaged over an area of 56,662 acres

PNGRB clears IGX platform to book unused LNG regasification capacity

The voluntary platform will let terminal operators and capacity holders offer unused regasification slots to prospective users, potentially attracting more cargoes to underutilised LNG terminals

Omaxe, Lemon Tree ink pact to manage 10 upcoming hotels worth ₹4,000 cr

The projects will span eight locations, including Lucknow, Vrindavan and Greater Noida, and form part of Omaxe's broader ₹6,200 crore plan to develop 19 hospitality projects across five states

Renewable energy demand could rise as data centres surge in India

CleanMax founder Kuldeep Jain estimated that 5 GW of data centre capacity could require 30-40 GW of renewable power, as US backlash and West Asia conflict risks boost India's appeal

Krisumi Corp starts construction of two phases at Krisumi City in Gurugram

The company will invest over ₹1,300 crore in the two phases, comprising 542 units at its 33.38-acre Krisumi City township in Gurugram, with prices starting at about ₹4.9 crore

Tyre makers ready for BS-VII abrasion norms, seek clarity on testing rules

Proposed tyre abrasion norms from April 2031 are expected to drive R&D investments as manufacturers seek clarity on testing protocols while grappling with rising raw material costs

Tonbo Imaging IPO subscribed 4 times on Day 1, led by strong NII demand

The defence electronics maker's ₹852 crore offer attracted strong demand across investor categories, while secondary share deals valued the Bengaluru-based firm at ₹4,000 crore

Reliance rebuts Musk's allegations, says rules apply equally to all

Reliance said it welcomes domestic and foreign competition, stressing that all satellite service providers, including Jio, must follow the same regulatory approval process

Cracker prices likely to jump 30-50% this Diwali, pinching consumers

Firecracker prices are set to rise 30-50% this Diwali as higher chemical and packaging costs, expensive freight and supply constraints push up production expenses

NHAI seeks tech-led quality checks, builders ask for higher maintenance pay

NHAI has asked highway developers to use AI-enabled cameras, drones and digital dashboards to detect defects, while builders seek adequate maintenance payments and realistic bids

India's unemployment rate steady at 5% in September, shows NSO data

The increase in the jobless rate was sharper for women, rising to 5.2 per cent from 5.1 per cent in August

Construction-robot startup Origin raises $20 mn to automate interior work

Accel and Zacua Ventures co-led the funding round, which will help Origin scale deployment of its OG-1 robot, expand its fleet and run customer pilots in overseas markets

India gains ground in cleantech manufacturing as supply chains diversify

Policy support, a large domestic RE market and the global push to diversify supply chains are drawing manufacturing investment to India, though batteries and upstream solar components need to catch up

IMFA becomes India's largest ferro chrome producer with Kalinganagar plant

IMFA's ₹800-crore Kalinganagar plant adds 100,000 tonnes of annual ferro chrome capacity, taking its total to 534,000 tpa, with output targeted at 500,000 tonnes by FY28

UP rooftop solar capacity reaches 3,000 Mw with over 900,000 installations

Uttar Pradesh has installed over 900,000 rooftop solar plants, taking capacity to 3,000 Mw, with daily additions of 9-10 Mw and an estimated 100,000 direct jobs created

CDSCO waives export NOC for approved r-DNA drugs sold under new brand names

The move is expected to reduce export approval timelines for biologics manufacturers using different brand names in overseas markets, provided the products are already approved in India