Page 127 - Industry News

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

Italian fashion retailer OVS re-enters India, to open 5 stores by 2027

The store, spread across 9,000 sq ft, will be followed by another store in Mumbai by April next year.

Shipping ministry receives ₹10 trn investment commitments: Secy Vijay Kumar

The investment interests are meant for various locations within the country and have been received from both international and domestic private and public sector companies

Affordable leisure stays up 22% as Indians spend more on experiences

Thrillophilia's report shows a 22% rise in affordable leisure stays as travellers opt for 'smart luxury' and shift spending from premium hotels to meaningful experiences

Can market coupling enable fair price discovery at power exchanges?

Supporters of the market coupling point to higher efficiencies and optimal price discovery, its critics argue that it will eliminate competition and innovation at power exchanges

Govt to broaden qualification criteria to recruit medical device inspectors

The ministry has issued a draft notification proposing an amendment to add qualifications for inspectors and government analysts under Rule 18 of the Medical Device Rules (MDR), 2017

India Inc raises over ₹17.5k crore from market via bonds on Tuesday

Bharti Telecom, the holding company of Bharti Airtel, raised ₹5,250 crore at 7.45 per cent through bonds maturing in December 2028

Gems and jewellery exports rise by 6.5% to $2.9 billion in September

Gem and jewellery exports stood at USD 2,735.26 million (Rs 22,925.81 crore) in in September 2024, GJEPC said in a statement

Buyer confidence rebounds in India's housing market: Magicbricks report

The rebound reflects improved homebuyer confidence despite high property prices and lending rates

Office clusters, corporate travel to drive next growth for hotel firms

Ventive, Brigade, Samhi and Chalet to bring majority of new inventory to metro office hubs

Centre reclassifies limestone as major mineral amid rising industrial use

The move, effective October 10, 2025, follows NITI Aayog's panel advice and brings limestone under central regulation as its use grows in large industries

Smartphone makers may pay over ₹3 trillion in taxes by end of PLI

Smartphone sector's GST collections are likely to top ₹65,000 crore this financial year; the smartphone industry has credited the PLI scheme for boosting exports

Indian textile exporters turn to EU, offer discounts amid high US tariffs

The EU is India's largest trading partner for goods, with two-way trade of $137.5 billion in the fiscal year to March 2024, for an increase of nearly 90 per cent over the past decade

ONGC plans 15% cost reduction to prepare for $60 per barrel crude price

Of the Rs 9,000 crore savings forecast, ONGC expects savings of Rs 4,300 crore by March 2026 as it implements 20 initiatives to boost cost efficiency

₹6.4 trillion master plan targets 65 Gw power from Brahmaputra waters

The power ministry's Rs 6.4-lakh-crore master plan charts 31,000 km of transmission lines and 68 GVA capacity to draw hydropower from Arunachal Pradesh and the North-East

Cement maker ACC equity value sees sharp fall after Adani acquisition

ACC and Ambuja Cements were acquired by Adani group in September 2022 from LafargeHolcim Group.

Govt unveils GatiShakti platform to help pvt sector boost infra planning

Launched four years ago, the GatiShakti NMP is a digital platform that intends to reshape how India approaches infrastructure development

MSME industry bodies urge RBI to extend ECLGS to tackle US tariff impact

The proposal was made at a meeting convened by the central bank's Financial Inclusion and Development Department (FIDD) last week to address issues facing the MSME sector from the impact of 50%