Page 15 - Industry News

Tata Steel inaugurates scrap-based e-furnace for sustainable steelmaking

Tata Steel launches ₹3,200 crore green steel plant in Ludhiana, boosting low-carbon production and advancing India's sustainable manufacturing push

Premium petrol prices hiked by ₹2; normal petrol, diesel price unchanged

HPCL raised premium petrol prices by ₹2 per litre, while regular petrol and diesel rates remain unchanged

Govt files 41 FIRs as PMKVY inspections flag concerns at training centres

Government files FIRs against Skill India centres over PMKVY irregularities, tightens monitoring with tech-driven checks under revamped scheme

India's gas utilities eye market share gains amid LPG shortage crisis

The push underscores the nation's struggles with liquefied petroleum gas, used in more than 330 million homes to cook meals, as well as in industries from steel to automobiles

MRO demand set to reach $5.7 billion by 2030, driven by engine services

Alton forecasts that India's commercial aircraft fleet will grow to more than 1,800 aircraft by 2030, with narrow-body aircraft almost doubling from over 700 aircraft today to over 1,300

Govt invites bids for 6,000 MTPA rare earth magnet manufacturing

The pre-bid conference will be held on April 7 while the bid due date is May 28

Centre invites bids to set up rare earth magnet unit under ₹7,280 cr scheme

The request for proposal seeks applicants to establish integrated Sintered NdFeB Rare Earth Permanent Magnet (REPM) units with a total capacity of 6,000 metric tonnes per annum (MTPA)

Drugmakers seek price cap as input costs surge amid West Asia conflict

Small pharma firms have flagged a steep surge in raw material and packaging costs amid global disruptions, warning of supply risks and seeking price controls

Unilever in talks to sell food business to McCormick by March end

A deal between the Anglo-Dutch consumer goods company and the Maryland-based spices and seasonings maker could come together by the end of the month

Hormuz blockade may lead to increase in ultra-luxury house prices by 5%

Forced reroutes from Hormuz for ships carrying construction material may raise input costs, delay timelines and push up ultra-luxury housing prices in key cities

West Asia war forces Indian tourists to look eastwards and inwards

Domestic destinations see an uptick as summer travel plans begin, while Indian travellers shift towards East and Southeast Asia amid geopolitical uncertainty

Homeland Group, VRC acquire Mohali land parcels for over ₹1,000 crore

Homeland Group and VRC acquire two prime land parcels in Mohali via GMADA auction, planning large mixed-use projects with premium residential and commercial spaces

Odisha tops India's mining economy, eastern region drives growth: Report

Odisha leads India's mining GVA with a 14% share, as eastern states emerge as key drivers of sector growth, according to an Assocham-ICRA report

West Asia war: India reaches out to Russia, Jordan for fertiliser sourcing

India condemns attacks on energy infrastructure in West Asia, flags risks to LNG and fertiliser supplies, and moves to diversify sourcing to ensure energy security

Companies eye alternatives after CDSCO bans weight-loss drug ads

Firms may shift to doctor outreach, CME programmes and patient support initiatives as CDSCO bars advertising of GLP-1 drugs ahead of semaglutide patent expiry

Quick-commerce boom reshapes India's packaged food market: Redseer report

Quick-commerce segment may grow to $25 billion by 2030, reshaping consumption patterns across health, convenience and indulgence categories, says Redseer report

West Asia conflict: Govt launches ₹497 crore scheme to aid exporters

Government launches ₹497 crore RELIEF scheme to support exporters hit by West Asia disruptions, offering risk cover and cost relief on freight and insurance

SC reserves verdict on 'industry' definition, re-examines 1978 ruling

Supreme Court reserves verdict on redefining "industry" under labour law, revisiting 1978 ruling that expanded scope of protections across sectors

NTPC, UK's Octopus Energy sign pact to explore power sector opportunities

Homegrown power giant NTPC has signed an agreement with UK-based Octopus Energy Group to explore business opportunities in various segments, including electricity distribution and storage.

Health Ministry asks institutes to avoid informal foreign engagements

Union Health Ministry directs research bodies to refrain from informal data sharing and collaborations with foreign agencies without prior approval from competent authorities