Page 12 - Industry News

No blanket extension of ALMM list for solar cells beyond June 1, says MNRE

Under the existing framework for ALMM List-II for solar PV cells, net-metering projects and open-access projects commissioned before June 1, 2026, are exempt

West Asia conflict to shave 200 bps off India Inc's margins in FY27

A prolonged West Asia conflict could reduce India Inc's operating profitability by 200 basis points in FY27, according to a Crisil Ratings stress test

Karnataka may offer sops for innovative data centre cooling solutions

Karnataka's upcoming data centre policy may incentivise firms developing innovative cooling, renewable energy and cable landing station solutions

Delhi records highest-ever May peak power demand of 8,439 MW: SLDC data

Delhi's electricity demand crossed 8 GW for the fourth time in six days as soaring temperatures pushed peak power consumption to a record May high

Rajasthan govt increases export technology upgrade grant to ₹1 crore

Rajasthan has doubled the tech upgradation grant under its export policy to boost competitiveness and support exporters adopting modern technology

Why global FMCG giants are shifting from selling to making in India

India's growing consumer market and improving manufacturing ecosystem are encouraging global FMCG firms to move beyond selling and start making locally

West Asia turmoil may dent India Inc margins by 200 bps in FY27: Crisil

The rating agency said that only eight sectors, accounting for around 10 per cent of rated corporate debt, were expected to see a material impact on credit quality

Kalpataru signs cluster redevelopment project with ₹1,250 cr GDV in MMR

The cluster redevelopment project in Kandivali East spans 2.8 acres and comprises five adjacent societies with residential and high-street retail development

Five listed REITs distribute over ₹8,900 crore to unitholders in FY26

Together, these five REITs manage a portfolio spanning over 187 million square feet of Grade A office and retail real estate across the country

German firm B+H Solutions eyes India expansion, plans €1 million investment

The company, which markets its products through its Indian subsidiary Dr Heinisch Agro Solutions India Private Limited -- incorporated in 2022 -- reported global sales of 20 million euros for 2025

Heat stress widens factory divide as MSMEs face rising summer costs

Extreme heat is pushing up electricity bills, cooling costs and compliance expenses while reducing worker productivity, hitting factories and MSMEs with a rising but hidden cost burden

How West Asia conflict has turned Diet Coke into a rare commodity

Hormuz disruption has hit aluminium supply, triggering Diet Coke shortages in India as bars host themed parties and cola raffles amid a brutal heatwave with temperatures nearing 49 degrees Celsius

Exim cargo at India's ports fell by 2% in April amid West Asia conflict

Coastal cargo keeps ports in the green, as crude, fertiliser woes show in cargo volumes

Indian medical tourism grows in FY26 despite West Asia, B'desh shocks

Hospitals reported higher medical value tourism revenues in FY26 as complex procedures and market diversification helped offset lower patient inflows from key regions

Can India keep pace with geopolitics and attract more Apple investment?

Apple's India iPhone boom rode on US-China tariff tensions, but sustaining growth now hinges on fresh policy support and supply-chain depth

Third retail fuel price hike in 10 days; losses of OMCs narrow further

Oil marketing companies have raised fuel prices again amid elevated crude prices, while under-recoveries narrow as West Asia tensions keep energy costs high

ICAI to set up advanced forensic lab for small, medium practitioners

ICAI plans to launch an advanced forensic auditing lab in Hyderabad to help smaller CA firms build capabilities in emerging audit technologies

Ganga Expressway to cut freight time, unlock ₹30k cr savings on logistics

The six-lane expressway, expandable to eight lanes, connects Meerut to Prayagraj through 12 districts, and is being projected as a major corridor linking western and eastern UP

Overseas travel spending by Indians falls to $1.09 billion in March

The outward remittances for travel were at $1.3 billion in February and $1.65 billion in January this year

Govt expands fuel dispenser checks to cover hydrogen, clean fuels

Verification fees for petrol and diesel dispensers have been set at Rs 5,000 per nozzle, while CNG, LPG, LNG and hydrogen dispensers will attract a higher fee of Rs 10,000 per nozzle