Page 126 - Industry News

Power network sharing proposal needs to address legacy PPAs: Former secy

The proposal is part of the new Electricity (Amendment) Bill 2025 floated by the ministry for public consultation

Algorithmic decision-making, data concentration pose systemic risks: RBI DG

RBI Deputy Governor Swaminathan J says fintech growth and technological interconnections require strong digital governance to prevent systemic vulnerabilities

GCC hiring in India rose 5-7% in July-September quarter: Report

India currently hosts around 1,850 active GCCs and employs over 2 million professionals and the ecosystem is on track to reach 2.5 million by 2030, added the report

India's unemployment rate rises to 5.2% in September, shows govt data

The latest data collected in the current weekly status (CWS) showed that the unemployment rate for persons aged 15 years and above stood at 5.2 per cent in September

PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push

The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank

China moves WTO over India's EV, battery subsidies, cites 'unfair edge'

In a statement, China's Ministry of Commerce said it will take 'firm measures' to effectively safeguard the legitimate rights and interests of its domestic industries

Govt to bring law for strict quality checks, monitoring of drugs, cosmetics

One of the major reasons behind the drafting of the law is the repeated complaints and concerns flagged by health regulators across the globe, including the WHO, over serious quality lapses

Apple lobbies Centre to change tax law on high-end iPhone machinery

In China, Apple procures the machines used to make iPhones and gives them to its contract manufacturers, and is not subject to tax even though it still owns them

India's palm oil imports hit four-month low as soyoil gains preference

India's palm oil imports in September dropped 16.3 per cent to 829,017 metric tonnes, marking their lowest point since May, the industry trade body SEA of India said

iPhone 17 shortage hits Indian retailers amid Diwali season frenzy

Both large retail chains such as Croma and Vijay Sales, and local dealers at Delhi's Nehru Place, Asia's biggest electronics market, are running out of iPhone stock amid surging Diwali demand

India's ₹70,000 cr bet on shipbuilding: Can it match China and Korea?

With nearly ₹70,000 cr in incentives, India eyes a bigger slice of the $150 bn global shipbuilding market

Godrej Properties buys 26-acre Bengaluru plot, eyes ₹1,100 cr in revenue

In South Bengaluru, Godrej Properties already has its footprint through projects such as Godrej Park Retreat and Godrej Lakeside Orchards

Centre plans tighter rules for green power to safeguard grid stability

Unpredictable weather makes it difficult for green energy producers to meet scheduled supply, often causing surges or shortfalls that strain the grid's balance

EU steel duty plan: A double whammy ahead for Indian steelmakers in 2026?

The EU's plan to halve import quotas and impose a 50 per cent tariff, combined with CBAM rollout, could deliver a double blow to Indian steelmakers next year

Electronics sector calls for PE tax parity with China and Vietnam

India's electronics production is worth $135 billion, of which smartphones comprise $64 billion, according to ICEA. Smartphone production has grown 20-fold in the last decade

India ranks 6th globally in live branded residence projects: Report

The country also ranks tenth globally in the pipeline of upcoming branded residence projects, accounting for 2 per cent of future supply among 83 countries that were surveyed

Roche moves SC against Delhi HC nod to Natco for Risdiplam generic

Risdiplam is an oral medicine used for the treatment of spinal muscular atrophy (SMA) in patients aged two months or above

FHRAI urges FM Sitharaman to restore ITC, delink F&B GST from room tariffs

Hospitality body seeks regularisation of past GST dues, restoration of input tax credit for hotels, and flexibility in F&B taxation linked to room pricing

Finance ministry rules out Customs duty relief for magnet PLI scheme

Finance ministry has ruled out customs duty exemption for REPM-making machinery, saying capital subsidy under the PLI scheme will offset high import costs amid China's export curbs

India should have policy stability on edible oil import tariffs, says paper

The research used import duties on palm oil as the reference point, as it constitutes almost 60 per cent of India's annual edible oil imports