Page 12 - Industry News

NBCC to redevelop DDA staff quarters in two colonies at ₹775 crore

The MoUs were signed in the presence of N Saravana Kumar, Vice Chairman, DDA and K P Mahadevaswamy, CMD, NBCC

WCL finds 8 rare earth elements, critical minerals in its 6 mines in Maha

Critical minerals are a subset of minerals considered crucial for the manufacturing and technological needs of industries, while REEs are a subset of critical minerals

Premium homes account for 50% of sales in top 8 cities: Knight Frank India

Knight Frank says 175,091 units priced above Rs 1 crore were sold in 2025, up 14% YoY, even as sub-Rs 50 lakh segment saw a 17% decline

India aims to cut thermal coal imports by 30% for power plants in 2026

Government has long sought to cut coal imports for the power sector, but those efforts have failed as power plants have been unable to burn lower-quality local coal

Indian fashion designers pivot to jewellery to tailor topline boost

Couture houses like Sabyasachi and Manish Malhotra are expanding into high jewellery, tapping self-purchasing women and investment-led demand while extending their design language beyond apparel

Smartphone market to shrink 13% due to memory chip crisis, says IDC

The new forecast, a dramatic revision down from earlier estimates, gives the latest accounting of the ongoing memory crunch that's affecting every corner of the electronics industry

World order shaken, can't give up on multilateralism: Angela Merkel

Delivering the inaugural Dr Manmohan Singh lecture, she referred to the US-led protectionist trade policies and said the world order had been shaken.

New smartphone PLI scheme may be linked to domestic value addition

Existing scheme with incentives only for output ends on March 31

States can tax high-income diversified agriculture: Montek Singh Ahluwalia

Ahluwalia further said that nothing in the Constitution prevents a state government from devolving resources downward if it chooses, though pressure is often directed at the central government

Shell projects India's gas demand rising over 50% in the next decade

Shell expects demand to continue accelerating, with India's energy consumption projected to surpass that of the US in the 2040s and China in the 2060s

US solar duty shock may disrupt India's exports, spurs call for SEZ relief

With the US imposing a 125.87% duty on Indian solar equipment, industry players warn of export disruption and renew calls for SEZ manufacturers to sell in the domestic market without duty impact

RBI allows NUCFDC to privately place shares with over 200 subscribers

RBI has permitted NUCFDC to offer equity shares on a private placement basis to more than 200 persons annually, subject to policy, reporting and usage conditions

CDSCO allows immediate lab testing of drugs to speed up approvals

CDSCO will permit drugmakers to begin testing samples as soon as applications are filed, shifting detailed scrutiny to later stages to shorten approval timelines and ease compliance

Kolkata Port begins first-ever night pilotage to cut vessel turnaround time

Upper Reaches refers to the upstream stretch of a river closer to the inland port, and, in this case, the segment of the Hooghly River between Diamond Harbour and Kolkata

AI may widen inequalities if misused: ex-Niti Aayog CEO Amitabh Kant

Research has shown that to train a large language model (which understand and generate human language by processing vast amounts of data) such as OpenAI's GPT-3

Sebi Working Groups submit agri derivatives review reports to chairman

The expert panels were mandated to examine whether the current framework governing margins, position limits, and delivery and settlement mechanisms could be optimised

Public procurement mandate could unlock 16 MTPA green steel demand: CII

A 26% green steel mandate for public projects could cut emissions sharply while raising total project costs by only 0.2-1.2%, a CII report says

Rajasthan allocates ₹30 crore to promote small entrepreneur exports

Rajasthan govt will provide ₹30 crore in financial support to small entrepreneurs to participate in domestic and international fairs under MSME, Export Promotion, and One District One Product schemes

E20 petrol with RON 95 mandatory from April 1: What it means for your car

From April 1, all petrol pumps will sell E20 fuel with minimum RON 95; the government has kept the option open to grant temporary exemptions

IBBI mandates listing all homebuyers in a firm's information memorandum

IBBI has required information memoranda to include details of all homebuyers, even those who have not filed claims, and introduced reforms to strengthen valuation standards under the IBC