Page 137 - Industry News

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

Piyush Goyal urges corporates to create pool of funds to support startups

He also asked domestic firms to focus on quality, innovation and sustainability to push the country's economic growth

S&P Global upgrades Bharti Airtel to BBB on stronger earnings outlook

The agency cited Airtel's rising ARPU, robust India operations and continued deleveraging for the upgrade, while noting rising debt at Bharti Telecom even as shareholder returns are set to increase

Arunachalam Vellayan: The quiet organiser behind big-tent businesses

Arunachalam Vellayan, former Murugappa chairman, passes away at 72

BLS International expects tourists from China to rise 15% next year

China flights opening to give 15% rise in tourist arrivals, says JMD Aggarwal

CERC warns solar, wind plants of disconnection over grid violations

The case underscores growing concerns over grid security as India accelerates renewable capacity additions to meet its 2030 clean energy targets

Centre approves 17 more projects worth ₹7,172 crore under ECMS

Aequs, Uno Minda, and Zetwerk's arm among firms that got approval

GST transition sparks short-term FMCG demand dip in Sep quarter: Report

FMCG volumes eased to 5.4% in Q2 as GST transition caused a brief slowdown, though rural markets continued to outpace urban areas and overall sector growth stayed strong at 12.9%

India's medtech sector sets sights on tripling UK exports by 2030

A 7-member AIMED delegation explored regulatory alignment, market access and technology-sharing opportunities in the UK as India targets a sharp rise in medical device exports by 2030

Pumped storage projects key to meeting rising power needs: Khattar

India is currently a power-surplus nation, however, excess renewable energy capacity remains under utilised due to limited capacity tie-ups, he noted

AI shifts from support role to core strategy, industries speed up adoption

Global enterprises are moving from routine automation to predictive, real-time intelligence as AI becomes central to operations across sectors

India's sugar output rises 48% as more mills begin crushing: Industry body

India's sugar consumption is estimated at around 29 million tons, which could allow New Delhi to export 2 million to 2.5 million tons of sugar in the new season, the NFCSF said

Azimuth AI, Cyient unveils India's first-gen IP powered silicon chip

Tailored for smart utilities, advanced metering, battery management, smart cities and industrial automation, it brings real-time intelligence while maintaining low power consumption

South Eastern Coalfields launches Coal India's first paste filling project

This marks a significant step towards safe, eco-friendly underground mining practices. SECL has coal mines in Chhattisgarh and Madhya Pradesh

Experts urge India to create clear rules and SOPs for autonomous vehicles

Autonomous fleets (Level 4) are operational in select cities globally. The global AV market is projected to grow strongly, Kapila added

One-fourth of Indian firms surveyed report cyber losses: PwC report

Cyber budgets are rising, albeit at a cautious pace, with 87 per cent of organisations in India planning to increase their cybersecurity spending over the next 12 months, according to a PwC report

Govt may shorten DPDP compliance timeline for big tech amid industry talks

About the rationale of 18-month transition time, when, in fact, many large companies are already complying with stringent norms elsewhere

India's DPDP rules: Compliance cost likely to rise for companies

The information technology (IT) cost of the commercial banks, which is around 10-15 per cent of their total expenditure, is also set to increase as they align their systems along the lines of the Act

Amazon, Flipkart tune product listings to rise in ChatGPT, AI searches

Amazon and Flipkart are updating select product listings so they appear better on ChatGPT and other AI chatbots, as more shoppers use these tools to search, compare and buy products online

Govt approves 17 projects under electronics component manufacturing scheme

To achieve long-term success, India will have to focus on building design teams, ensuring six sigma quality standards in all products