Page 153 - Industry News

CDSCO flags 3 spurious drugs, 94 not of standard quality in August

CDSCO flagged three spurious drugs, including Pan D, Pan 40 and diazepam injection, and listed 94 medicines as not of standard quality in its August 2025 surveillance update

India's sugar mills to miss 1 mn tonne export quota, may ship 775K tonnes

After a flurry of deals earlier in the season, India's overseas sugar sales slowed in recent months as supplies from Brazil increased and global sugar futures fell to their lowest level in over 4 yrs

Emaar Properties rules out stake sale in india, eyes JV with Adani, others

Dubai-based Emaar Properties entered the Indian real estate market in 2005 in partnership with India's MGF Development and had invested around Rs 8,500 crore

Critical mineral M&A falls 39% in 2024 as lithium prices, demand cool

PwC report says M&A in critical minerals dropped sharply in 2024 as lithium prices plunged, supply fears eased and governments tightened scrutiny on strategic resources

IITs gear up for 2026 placements as recruiter participation sees sharp rise

Early signs show a strong 2026 placement season at IITs, with top recruiters from high-frequency trading, tech, startups, and PSUs increasing participation and offers across sectors

India has world-class talent, 'right momentum' for chip growth: Merck exec

German company signed agreement with Tata Electronics for semiconductor development earlier this month

GST hike on E&P: Govt chalking out plan to compensate upstream oil firms

The oil ministry is considering a scheme to compensate upstream companies for higher costs after GST on E&P services rose to 18 per cent, raising concerns of stranded taxes

Govt eases GST price label rules, scraps mandatory advertisements

Businesses can skip re-stickering and use old stock until March 2026

Qualcomm looks to bring smart glasses into everyday view with India push

Priced near regular eyewear, market set to grow 400% in CY 2025

HNIs doubled in just 4 years, fuelling surge in luxury auto demand

India's millionaire households have nearly doubled to 8.7 lakh in four years, creating a runway for luxury car demand as wealth fuels aspirations and premium consumption

Bricks to continue under GST 2.0 special composition scheme at 12%

The GST Council has kept the special composition scheme for bricks unchanged, retaining 6% without ITC and 12% with ITC, with a Rs 20 lakh threshold, under GST 2.0

Govt picks 8 more startups to build indigenous LLMs, sectoral SLMs

Eight more startups, including Fractal Analytics and BharatGen, will build LLMs and SLMs under the IndiaAI Mission as the govt also plans 500 AI data labs and an AI governance framework

HSBC chiefs meet PM Modi, pledge long-term support for India's growth

HSBC Chairman Mark Tucker and CEO Georges Elhedery met Prime Minister Modi this week, reaffirming commitment to India's growth and support for key national programmes

BNP Paribas leases 1.45 lakh sq ft office space in Thane for ₹95 lakh

BNP Paribas has leased 1.45 lakh sq ft at Hiranandani Centaurus in Thane West for Rs 94.95 lakh monthly rent as BFSI sector demand drives office leasing growth in India

UP govt injects ₹140 crore to boost startups, innovation ecosystem

The state has set up a network of 72 incubators and seven centres of excellence (CoE) to catalyse startups, promote business culture and generate jobs for the youth

Domestic pharma firms expected to post 7-9% revenue growth in FY26: Icra

Revenue for the sample set of companies is projected to expand by 7-9% in FY2026, supported by 8-10% growth in the domestic market and 10-12% growth in Europe, Icra said

PM internship scheme pilot likely to be extended for two months

The launch of the full fledged scheme would be based on the feedback received from the stakeholder consultations and evaluation of outcomes during the implementation of the Pilot Project

US Automakers may soon hike car prices as tariff costs pressure profits

The average manufacturer's suggested retail price, or MSRP, on new vehicles in the US rose less than 1 per cent from mid-March to mid-August, according to car-shopping site Edmunds

Indian pharma faces US revenue slowdown amid scrutiny, tariffs: ICRA

ICRA projects Indian pharma firms' US revenue growth to slow due to price erosion, USFDA scrutiny and tariff risks, while high dependence on Chinese APIs persists despite PLI

Air India Express to launch direct Bengaluru-Bangkok flights from Oct 18

The airline already connects Bangkok with Lucknow, Pune, and Surat, and operates direct flights between Hyderabad and Phuket