Page 14 - Industry News

Govt rejects industry demand for gratuity relief under labour codes

Labour ministry has declined industry demand for grandfathering in gratuity rules, citing lack of provision in the original labour codes passed by Parliament

Telcos, ISPs want property managers to bear connectivity infra costs

Telecom firms and ISPs have urged Trai to place responsibility for digital connectivity costs and building ratings on property managers, not service providers

Sergio Gor, Hardeep Puri discuss 'expanding access to American energy'

US envoy Sergio Gor and Hardeep Singh Puri discussed access to American energy and strengthening bilateral ties, a day after PM Narendra Modi's call with US President Donald Trump

Govt explores ECLGS-like credit scheme for MSMEs amid West Asia crisis

Field officers of the MSME Ministry are in constant touch with MSME associations and the National Small Industries Corporation (NSIC) to provide domestic bulk raw materials to MSMEs

Ficci appoints Anant Swarup as Secretary General with immediate effect

Swarup has over three decades of experience in public policy, trade remedies, logistics, regulatory reform, and international negotiations, having served in various leadership positions

Another steam generator dispatched to NPCIL ahead of schedule, says L&T

The steam generators are used in pressurised heavy water reactors to convert water into steam, driving turbines for electricity generation

Shipping bottlenecks squeeze pharma flows as Hormuz crisis impact deepens

India's pharmaceutical industry remains dependent on China for bulk drugs, particularly fermentation-based antibiotics, vitamins and intermediates

Govt notifies pricing norms for low-grade iron ore to boost production

The Centre has introduced a pricing mechanism for low-grade iron ore to make beneficiation viable, reduce royalty burden and ensure steady supply to the steel industry

Govt panel proposes aid to help power sector shift to green switchgear

A government panel has proposed financial incentives to promote green switchgear adoption, citing high costs and evolving technology, and to reduce dependence on imports

Oil PSUs ramped up Russian oil purchases 148% in March amid supply shock

India imported hydrocarbons worth 5.8 billion euros from Russia in March

IRCTC Payments looks to capture ticketing, govt clients to boost volumes

Indian Railway Catering and Tourism Corporation eyes ₹1 trillion payments scale by expanding into ticketing and government clients through its payments arm

Listed hotel companies may add 70,000 keys to sector by FY30: CBRE

India's hospitality sector is set for long-term expansion as strong domestic tourism, rising incomes and premiumisation trends drive hotel chains to add over 70,000 keys by 2030

NBFCs likely to report strong March-quarter profit despite margin pressure

NBFCs are likely to report healthy Q4FY26 earnings on steady credit demand, though elevated funding costs and geopolitical risks may weigh on margins and asset quality

Nasscom calls TCS incident isolated, reiterates IT sector safety norms

Nasscom says the TCS harassment case is isolated and not reflective of the IT industry, reiterating strict safety norms, governance frameworks, and zero tolerance for misconduct

Odisha govt bars power line cuts despite dues nearing ₹7,000 crore

Odisha has barred power disconnections for unpaid bills during summer despite dues nearing Rs 7,000 crore, aiming to provide relief amid heatwave and rising electricity demand

Andhra Pradesh launches India's first quantum reference facility

Chief Minister N Chandrababu Naidu launches a quantum reference facility in Amaravati to build a sovereign hardware ecosystem and drive innovation in advanced computing technologies

UP hikes minimum wage by up to 21% after protests; unrest continues

Uttar Pradesh raised minimum wages by up to 21 per cent after worker protests in Noida, but agitations continued amid heavy security and demands for higher pay

India leads steel demand growth as global outlook weakens: Report

West Asia conflict is expected to drag steel demand in key regions, while India remains the fastest-growing major market supported by infrastructure push and consumption trends

Soft drink bottlers set for growth; margins under pressure: Crisil

Crisil says soft drink bottlers may see revenue growth return to 15 per cent this financial year, but rising competition and higher crude-linked packaging costs could weigh on margins

JNPA says ops efficiency maintained amid global supply chain uncertainties

JNPA says it has maintained operational efficiency despite global supply disruptions, with improved container dwell time, steady cargo movement, and strong performance indicators in FY26