Page 13 - Industry News

NHAI receives 17 bids for Odisha coastal highway corridor

The 160-km access-controlled Rameshwar-Paradeep corridor will be built in two packages under HAM and is expected to cut travel time by two-and-a-half hours

'Maharashtra power utility financially comfortable post demerger'

Maharashtra has a substantial agricultural load from around 48 lakh agriculture consumers, accounting for almost 30 percent of the total electricity consumption

Ujjivan SFB CEO Sanjeev Nautiyal seeks early retirement on health grounds

Cites health issues; Executive Director Carol Furtado to take interim charge

InsuranceDekho, RenewBuy merge to form largest AI-led insurance platform

Combined entity has a premium book exceeding Rs 6,600 crore, over 6 lakh digital partners and a presence across 98.57 per cent of India's pin codes

FMCG distributors demand stricter storage norms for qcom dark stores

AICPDF seeks mandatory norms linking SKU capacity with storage space, along with standards for ventilation, sanitation, temperature control and food segregation

IT services hiring demand hits 18-month high in September: Xpheno

Active demand in IT services has risen to 57,000 roles, with mid-senior and senior positions accounting for nearly 60 per cent as employers prioritise AI, cloud and digital skills

Construction equipment industry raises FY27 growth forecast to 9-12%

Improved infrastructure project execution prompts the CE industry to lift its FY27 domestic sales growth forecast; exports are expected to rise around 30 per cent

450,000 and counting: Passenger vehicle dispatches set August record

Wholesales jump nearly 40% on weak base as firms project festival boost

NCLT stays Subhash Chandra repayment order, directs fresh hearing

Five-member bench finds no definitive majority in earlier proceedings, stays approval of Chandra's repayment plan and bars him from transferring properties

SpaceX to set up Turbine Blade Foundry in Texas to Meet AI Power Demand

Commercial space firm SpaceX is constructing a specialised in-house foundry to manufacture high-spec gas turbine blades and vanes, CEO Elon Musk confirmed.

Tata Consumer Products acquires additional 5% stake in Capital Foods

Tata Consumer Products acquires additional stake from Wildflower Private Trust, taking its holding in the Ching's Secret and Smith & Jones maker to 80 per cent

India's LPG consumption plunges 16% in Aug; petrol, diesel demand robust

LPG consumption fell 16.15 per cent year-on-year in August amid import pressures, while petrol and diesel demand rose 7.88 per cent and 6.46 per cent, respectively

United Breweries to commission Maharashtra canning line for ₹110 crore

New canning line at Ellora Brewery will have a capacity of 40,000 cans per hour and is expected to become operational in September, subject to statutory approvals

17 bidders vie for ₹8,300 crore Rameshwar-Paradip coastal highway

Ten bids received for the Rameshwar-Konark package and seven for Konark-Paradip as NHAI moves ahead with the 160-km greenfield coastal highway project

Coal India's supply-first strategy holds as August production declines

Coal India raised August supplies by 5.5 per cent despite a 5.7 per cent production decline, as the miner continued to draw down accumulated pithead inventories

Solar module overcapacity drags factory utilisation down to 35-40%: Report

India's module capacity reached 233 GW in June, nearly seven times its cell capacity, leaving factories operating well below levels needed for sustainable operations

Uttar Pradesh govt taps global markets for processed food exports

Uttar Pradesh is expanding processed food exports to global markets, with shipments rising to ₹1,132 crore in FY26 and exporters now present across all 75 districts

India's engineering R&D revenue may cross $100 bn by 2030: Nasscom

India's ER&D sector is estimated to generate $63 billion in FY26, with AI integration, intelligent products and autonomous systems expected to drive future growth

Delhi HC seeks response on FSSAI action against Fortune Soya refined oil

AWL Agri Business challenged FSSAI notices prohibiting manufacture and sale of Fortune Soya Health oil over alleged misleading label declarations and claims

Lloyds Realty plans ₹1,935 crore redevelopment project in Goregaon

The integrated redevelopment of five housing societies will involve about 30 lakh sq ft of construction and is expected to generate ₹3,320 crore in revenue