Page 17 - Industry News

Suzlon to invest ₹550 crore to set up 3 AI-powered blade factories by 2027

Suzlon already has five blade factories in Jaisalmer, Bhuj, Ratlam, Dhule and Anantapur

Private sector may invest ₹7.5 trillion in nuke sector, add 30 GW by 2047

The country currently has about 9 GW of installed nuclear power capacity and plans to expand it substantially by 2047

Govt releases draft National Steel Policy 2047, targets 604 MT capacity

According to the draft National Steel Policy 2047, finished steel demand will rise to 505 MT by 2047, per capita consumption to 302 kg and steel exports to 45 MT

Rising input costs to weigh on FMCG margins despite demand recovery in Q2

A sharp rise in crude oil and its derivative products used in packaging, along with a persistent inflationary trend in various commodities and deficit rainfall, has increased cost pressures

Musk slams Ambani supporters for 'hypocrisy' over Starlink's entry in India

Musk said competition from Starlink would benefit ordinary Indians by expanding consumer choice, and that while it could lower Ambani's profits 'he is not going out of business'

Cochin Shipyard plans ₹6,000 crore projects in Vallarpadam and Thoothukudi

CSL plans a steel block fabrication facility at Vallarpadam and is exploring a shipbuilding and repair unit at Thoothukudi, with investments totalling around ₹6,000 crore

Real estate consultants expand into design, project management, and tech

Real estate consultants are expanding into design, project management, flexible workspaces and technology to diversify revenue and offer clients integrated services

Indian IT firms filed few PERM applications compared with US tech majors

Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension

Pharmacy margin cap may lead to tariff recalibration: Max Healthcare MD

Max Healthcare's Abhay Soi discusses the economics of hospital care, regulatory scrutiny of medicine mark-ups and reforms needed to improve affordability and expand healthcare capacity

Vayona Energy unveils next-generation 5 MW wind turbine platform in Chennai

Developed with Germany's Aerovide, the Vayona 5.0/193 features a 193-metre rotor and is designed for India's wind and climate conditions, with local manufacturing and service

Critical minerals stockpile policy likely in a month: Mines secretary

The policy will specify release protocols, including quantities and eligible recipients, as India seeks to reduce import dependence and secure supplies

Coal stock drawdown at power plants more than halves in October: Ministry

Higher coal supplies and rail loading have slowed stock depletion at power plants, but inventories are yet to recover and more stations are in the critical-stock category

After cancer drugs, medtech firms seek uniform trade margin cap for devices

Domestic manufacturers want importers' margins included in a uniform trade margin framework for medical devices, with a pilot covering high-volume consumables such as IV sets

JM Frictech invests ₹50 crore in fourth manufacturing plant in Chandigarh

The Chandigarh facility is being commissioned in phases, starting with warehousing and logistics, and is expected to become fully operational over the next six to eight months.

Marengo Asia Hospitals partners with BAPIO Academy to train AYUSH doctors

Marengo Asia Hospitals and BAPIO Training Academy have partnered to launch two six-month certificate programmes to strengthen AYUSH doctors' clinical skills through structured teaching and supervised

Customs withholds 1,500 tonnes of soybeans over Niger origin claims

India allows duty-free imports from countries categorised as least-developed, such as Niger

Coal supplies to power plants rise 36% from Sep low, stock depletion slows

The rate of stock depletion has also moderated significantly, while rake position has strengthened, the ministry said

India allows no monopoly, satcom firms must meet security norms: Scindia

The remarks come amid a satcom row, with Elon Musk alleging that oligarchs are blocking Starlink to maintain a 'monopolistic chokehold' on Indian consumers

US green-card suspension poses little risk to Indian IT firms: Analysts

US' move, targeting the Permanent Labor Certification programme, is ‌part of a broad effort to reduce the number of foreign-born people in the US and curtail their pathway to residence and citizenship

Govt asks social media firms to act on unlawful content linked to protests

The IT Ministry has expressed apprehension that such unlawful content may disturb public order, social tranquility and raise law and order concern as well as may incite violence