Page 14 - Industry News

Statsguru: India's chip aspirations face funding gap despite policy push

India ranks third in semiconductor firm registrations, but weak funding, R&D spending and a widening trade deficit remain concerns

Axis Bank plans 12,500 campus hires, redeploys staff amid AI push

The bank plans to hire around 12,000-12,500 people from campuses in FY27, compared with 11,500-11,600 in FY26

Tribals vow to oppose renewed mining push in Odisha's Niyamgiri hills

Tribal representatives say their position remains unchanged since 2013, when 12 gram sabhas unanimously rejected the proposal to mine bauxite in the sacred hills

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

The integrated project includes an iron ore processing plant at Bacheli, a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar in Chhattisgarh

Electronics demand, policy support driving India's semiconductor play: BCG

Wadhera expects the AI boom to continue driving demand for GPUs, compute and memory, and argues that the semiconductor-AI linkage will grow, not weaken

Mobile phone retailers to protest against UPI MDR charges on Oct 2

The government has introduced a 0.4 per cent fee on UPI transfers exceeding ₹2,000 to merchants from October 15

REI Expo 2026 to unlock ₹2,800 crore investment in bioenergy sector: IBA

The investment pipeline is equivalent to nearly 12 per cent of the ₹23,731-crore GOBARdhan scheme outlay, the Indian Biogas Association said

Fujiyama Power to set up 1.2 GW solar plant in MP to strengthen value chain

The greenfield project is expected to start solar cell production using advanced TopCon technology by the end of the ongoing fiscal year

Ayush services sector growing fast, may reach $318 billion by 2047: Study

The sector recorded a compound annual growth rate (CAGR) of 16.91 per cent since 2022-23 and directly supported 1.76 million livelihoods, the study said

AC, TV, appliance prices may rise up to 8% from Oct 1 ahead of festivals

Appliance and consumer electronics makers are set to raise prices by 5-8% from October 1, citing higher metal and crude derivative costs, freight expenses and currency volatility

Adani's Dhamra Port becomes India's first private port on renewable power

Renewable electricity now powers round-the-clock operations at the port, including cargo handling, storage, rail-linked activities and other critical infrastructure

CCPA fines Amazon, Flipkart ₹10 lakh each over unregistered herbicide sales

The CCPA noted that the marketplaces had not carried out adequate independent verification of the product's regulatory status before allowing the listings to go live

India to set up first port-based e-methanol plant at Kandla for ₹2,300 cr

India is moving up as the world's leading maritime power and it will now power the world's ships with green energy, Union Shipping Minister Sarbananda Sonowal said

Vedanta urges Odisha govt to accelerate ₹1 trillion investment proposals

Vedanta has urged Odisha to accelerate its proposed ₹1 trillion investment in aluminium projects, including a smelter in Dhenkanal and a refinery in Rayagada.

Emerging tech can boost MSME productivity, efficiency: MSME Joint Secy

Set up in 1944, ICMAI is the largest cost and management accounting body in the world, with more than 6 lakh students and 1 lakh qualified professionals all over the globe

People don't realise how food safety lapses risk public health: Mundhe

People often view illnesses from the health point rather than linking them to the food and beverages they consume, he opined

India poised to lead next-gen medical practices globally: Jitendra Singh

Singh said India is poised to lead the next generation of medical practices, driven by AI, genomics, biotechnology and emerging technologies

Next large investment should be in AI infrastructure, says Sitharaman

Sitharaman said India needs more investment in AI infrastructure and training to help businesses improve productivity

Centre orders captive coal plants to run at full capacity from Oct 1

The power ministry invoked emergency provisions of the Electricity Act as electricity demand is expected to rise in coming months, while coal stocks remain low at several plants

Housing sales fall 6% to 103K units across top 9 cities in Q3: PropEquity

Sales declined amid subdued demand and lower new supply, while global economic uncertainties also weighed on homebuying sentiment during the July-September quarter