Page 149 - Industry News

Indian drugmakers gear up for ₹600-800 cr insulin pen market post-Novo exit

Novo Nordisk to phase out insulin pens and cartridges in India; Eris, Wockhardt and Lupin prepare to capture Rs 600-800 crore market opportunity from FY26 onwards

Delphi World Money acquires stake, management control in Ebix Travels

Delphi World Money acquires equity stake and management control in Ebix Travels to expand beyond forex and build an integrated travel and financial services ecosystem

SME Chamber of India urges credit reforms, permanent RBI advisory body

SME Chamber of India has called for easier MSME loans, waivers of fees and guarantees, and a permanent RBI Standing Advisory Committee to resolve financing challenges

Indian pharma sector revenue growth to ease to 7-9% in FY26: Crisil

Crisil projects India pharma growth at 7-9% in FY26 as exports to regulated markets slow after a US high base while domestic sales benefit from tax cuts and launches

DGTR recommends 5-year anti-dumping duty on select Chinese cranes imports

The commerce ministry's probe agency has advised imposing a five-year anti-dumping duty on specific Chinese crane imports to shield domestic firms from low-cost shipments

Coromandel signs pact with Veolia to expand Vizag desalination capacity

Coromandel and Veolia partner to expand Vizag desalination plant from 6 MLD to 9 MLD under BOO model, ensuring long-term water resilience and sustainable operations

7 out of 10 digital projects in India's pharma sector fail: Vector study

Vector Consulting Group study finds pharma firms spend up to ₹75 cr annually on IT systems, but 70% of digital projects fail due to adoption gaps and poor execution

Flipkart, Amazon race in premium ecommerce with iPhones, fast delivery

Flipkart, Amazon and Bigbasket reported record festive sales of iPhones and premium devices, with fast deliveries and GST reforms boosting growth in metros and Tier-II cities

Industry has room to factor in costs in terms of ITC accumulation: Official

The official added that businesses should act in good faith, keeping their bona fide intent in mind. The accumulation of ITC has arisen because GST rates on final products have been cut under GST 2.0

9kt to free coins: Gold retailers craft offers to keep festival shine

With gold climbing past ₹1 lakh, jewellers balance budgets and tradition through discounts and exchanges

Union Cabinet likely to consider ₹70,000 cr maritime initiatives soon

Queries sent to the ministry of ports shipping and waterways remained unanswered at the time of going to press

JNPA among 20 most-improved container ports globally: World Bank

In 2024, JNPT stood at the 19th rank globally among the ports which saw the highest improvement, according to the multilateral institution

Trump's $100,000 H-1B fee spurs offshoring talks, hiring turmoil at firms

About 141,000 new applications for H-1B were approved in 2024, according to Pew Research

Public-sector banks turn down nearly four in 10 rooftop solar applications

Over 3 lakh applications rejected under PM-Surya Ghar Muft Bijli Yojana; 1.6 million rooftop solar installations completed so far, with CIBIL score cited as key filter

Drop portion in ads disparaging Dabur's Chyawanprash: Delhi HC to Patanjali

The Delhi High Court restrained Patanjali from using "40 herbs" in ads against Dabur Chyawanprash but said calling rivals "ordinary" was permissible puffery in advertising

Let consumer decide on data sharing with intermediaries: CCI to NCLAT

CCI argued before NCLAT that users must retain the right to share or withdraw data on platforms like WhatsApp as it defended its penalty on Meta for alleged abuse of dominance

USFDA cautions doctors on acetaminophen use in pregnancy, cites risks

The US drug regulator flagged concerns over acetaminophen use in pregnancy, citing studies linking it to autism and ADHD, while noting no proven causal relationship

Govt revises India's solar potential to 3,343 GW from 2014's 749 GW

India's revised solar potential now stands at 3,343 GW with Rajasthan, Maharashtra and Gujarat contributing nearly half, while floating solar could add another 700 GW

Developers eye festival season demand, GST cuts to revive housing sales

Real estate developers expect GST cuts on inputs and festive buying sentiment to spur housing demand across luxury, mid-segment and Tier-2 cities after a lull in sales

India's ground-mounted solar power potential at 3,343 GWp: Govt report

This report provides a comprehensive analysis of India's ground-mounted solar PV potential, building on the earlier estimate of 748.98 GWp in 2014