Page 16 - Industry News

Tighter DSM rules for grid stability raise concerns over RE viability

India's tighter DSM rules aim to improve grid discipline amid rising renewable energy penetration, but industry experts say wider reforms are needed to balance stability and project viability

India's peak power demand hits record 260.45 GW as temperatures rise

India's peak power demand touched a record 260.45 GW amid rising temperatures, with the government saying demand was met without any shortfall

First underground commercial coal mine begins production in Madhya Pradesh

Coal production has commenced at the Urtan and Dhirauli mines in Madhya Pradesh, boosting domestic coal supply and supporting India's energy security goals

US nuclear delegation meets NTPC executives for opportunities in the sector

A US nuclear delegation held discussions with NTPC and NPUNL officials on technology partnerships and opportunities in India's civil nuclear sector

Tata Realty & Infra, Salesforce tie up for AI-led customer experience

Tata Realty has partnered with Salesforce to deploy AI-powered customer engagement tools aimed at improving responsiveness and lead conversion rates

PharmEasy's parent has a new playbook: Profit first, growth second

After slashing debt and narrowing losses, API Holdings is prioritising profitability over expansion as it revives long-term IPO ambitions for PharmEasy

India notifies standards for petrol blends with up to 30% ethanol

The move is part of the government's preparedness for the next phase of its ethanol-blending programme beyond E20, after advancing the deadline for 20% ethanol blending in petrol from 2030 to 2025-26

Datanomics: Vi's revenue market share drops sharply since 2018 merger

Despite a modest rise in quarterly revenue, Vodafone Idea continues to lose ground in India's telecom market as Reliance Jio and Bharti Airtel consolidate dominance

BII, CIP launch $300 million platform to support India's energy transition

British International Investment and Copenhagen Infrastructure Partners have launched a $300 million renewable energy platform focused on India's clean energy transition

Why Indian PE funds are betting big on consumer brands and manufacturing

Consumer and manufacturing sectors are attracting strong PE interest as investors seek profitability, earnings visibility and long-term growth opportunities

India's peak power demand hits all-time high of over 257 GW on May 18

According to the power ministry data, peak power demand set a new high of 257.37 GW at 1542 hrs on Monday, and it was fully met

Chemists vs e-pharmacies: What is behind the nationwide May 20 strike?

Pharmacy bodies say online medicine platforms are operating under weak regulation and hurting small chemists through deep discounting and aggressive pricing

Handloom sector needs ministry convergence, wider scheme awareness: EAC-PM

EAC-PM chairman S Mahendra Dev said better coordination across ministries and wider awareness of government schemes are key to supporting the handloom sector

Odisha Mining Corporation plans 1.5 mtpa pellet plant with ₹800 cr outlay

Officials said the proposed pellet plant is part of OMC's broader strategy to move up the mineral value chain while ensuring optimum utilisation of low-grade iron ore, which often remains underused

Kalshi, Polymarket continue India operations despite betting platform ban

Kalshi's legal counsel, Valeria Vouterakou, said the company has been in communication with the Indian government and has not been told to shut down

FinMin asks banks, FIs to cut travel costs, promote electric vehicle use

The Finance Ministry has asked state-owned financial institutions to curb travel spending, adopt virtual meetings, and progressively shift to electric vehicles

Verlinvest stepping up India bet amid AI and geopolitical anxieties

Verlinvest is increasing investments in Indian consumer and healthcare brands, betting that its evergreen model can navigate volatility better than traditional PE funds

Niti Aayog urges raising R&D spend from 0.64% to 2% of GDP in 4-5 years

The report also suggested that India needs to introduce time-bound, incremental fiscal incentives to boost private sector investment in R&D

FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV

Austerity measures would be implemented with immediate effect, the Department of Financial Services under the Ministry of Finance said in the circular

India could emerge as $7 bn MedTech contract manufacturing hub by 2035

India's overall MedTech opportunity could expand more than fourfold to $83-89 billion by 2035, driven by rising domestic demand, exports and contract manufacturing