Page 155 - Industry News
Govt clears 5 projects under new geothermal energy policy, eyes subsidies
The government has cleared five geothermal energy projects under its first policy, with potential subsidy support and global collaborations to boost clean energy development
 "Govt clears 5 projects under new geothermal energy policy, eyes subsidies")
NHAI to treat unauthorised subcontracting in highway projects as fraud
NHAI has redefined norms for highway contractors, classifying unauthorised subcontracting as fraud and tightening rules on work experience claims and third-party securities
 "NHAI to treat unauthorised subcontracting in highway projects as fraud")
Steel ministry clears ₹5,000 cr scheme to boost low-emission operations
The steel ministry has approved a Rs 5,000 crore scheme to promote low-emission steel, with 80% of funds directed to the secondary sector and incentives linked to emission cuts
 "Steel ministry clears ₹5,000 cr scheme to boost low-emission operations")
AI and automation top priorities for Indian corporate treasuries: EY
EY India's 2025 corporate treasury survey shows leaders moving from AI pilots to real-world applications, with automation and digital fluency at the core
 "AI and automation top priorities for Indian corporate treasuries: EY")
Tea exports rise marginally to 125.01 mn kg in first half of 2025: Board
Exports of North Indian tea in the first six months of this year stood at 79.42 million kg, compared to 71.77 million kg in the same period in 2024
 "Tea exports rise marginally to 125.01 mn kg in first half of 2025: Board")
Global AI standards to be adopted once finalised: Consumer Affairs secy
She said that 39 global AI standards already exist, while 45 more are in the process of being developed
 "Global AI standards to be adopted once finalised: Consumer Affairs secy")
India's bulk drug makers start preparing for Ozempic patent expiry
From local giants Dr Reddy's Laboratories Ltd. to suppliers like Macleods Pharmaceuticals Ltd., Indian firms are preparing to make bulk drugs
 "India's bulk drug makers start preparing for Ozempic patent expiry")
Govt plans ₹5,000 cr scheme to promote decarbonisation: Steel secy
The scheme will cover all steel makers in the country, with 75-80 per cent of the fund earmarked for secondary players
 "Govt plans ₹5,000 cr scheme to promote decarbonisation: Steel secy")
$13 billion worth of IT contracts up for renewal in coming months
Global uncertainty, US trade tariffs, and muted growth weigh on Indian IT firms as over 600 major outsourcing contracts near renewal in the second half of 2025
 "$13 billion worth of IT contracts up for renewal in coming months")
GoM discusses new scheme for debt restructuring of power discoms
The GoM also held deliberations for drafting the broad contours of the new scheme to be proposed for debt restructuring of distribution utilities
 "GoM discusses new scheme for debt restructuring of power discoms")
Hospitals vs insurers: Policyholders bear the brunt of rising medical costs
The simmering conflict came to a head last month when Niva Bupa suspended cashless services at Max Hospitals on August 16, citing unresolved reimbursement issues
 "Hospitals vs insurers: Policyholders bear the brunt of rising medical costs")
FMCG majors cut prices as firms pass on GST benefit to consumers
Mother Dairy, Hindustan Unilever and others announced price cuts across dairy, foods, ice creams, soaps and shampoos, as GST benefits are passed on to consumers from September 22
 "FMCG majors cut prices as firms pass on GST benefit to consumers")
Medical device makers ask for extending ITC on services, capital goods
Industry body Aimed says proposed balanced reforms could help reduce healthcare costs for consumers
 "Medical device makers ask for extending ITC on services, capital goods")
Will 'assess' ethanol-blending plan before setting higher targets: Puri
Biofuels not harmful to engines, says Oil Minister amid concerns about impact
 "Will 'assess' ethanol-blending plan before setting higher targets: Puri")
India has now 600 million OTT users, CTV penetration sees 87% jump
Sharp rise in the CTV audience base is striking for a market long regarded as mobile-first
 "India has now 600 million OTT users, CTV penetration sees 87% jump")
Brand value flickers for mid-tier celebs as influencers steal stage
A-list celebrities have not yet succumbed to the rise of influencers, as they continue to hold their own sway over audiences
 "Brand value flickers for mid-tier celebs as influencers steal stage")
Apollo Tyres named Team India lead sponsor in ₹579 cr deal till 2028
Apollo Tyres becomes Team India's lead sponsor until March 2028 in a Rs 579 crore deal, marking its first major cricket sponsorship and replacing Dream11
 "Apollo Tyres named Team India lead sponsor in ₹579 cr deal till 2028")
DCC to seek clarification from Trai on satcom spectrum recommendations
Sources said the multi-ministry apex decision-making body that looks at significant telecom matters, has decided to seek certain clarifications from Trai over satcom spectrum recommendations
 "DCC to seek clarification from Trai on satcom spectrum recommendations")
We are being punished for providing superior services, Meta tells NCLAT
Meta told NCLAT it was being punished by CCI for offering superior services and highlighted lapses in the watchdog's findings on WhatsApp's 2021 privacy policy case
 "We are being punished for providing superior services, Meta tells NCLAT")
Mines ministry launches sixth critical minerals auction, PSU welfare plan
The mines ministry launched the sixth tranche of critical minerals auction for 23 blocks across 13 states and announced Rs 1 crore insurance cover for PSU miners
 "Mines ministry launches sixth critical minerals auction, PSU welfare plan")