Page 170 - Industry News

Akums Drugs announces JV to set up manufacturing facility in Zambia

Akums will hold 51% in its joint venture with the Zambian government to set up a pharma manufacturing facility, marking its first overseas plant and Africa expansion

360 ONE buys 50% stake in Brookfield's mixed-use development for ₹2,400 cr

360 ONE Asset buys a 50% stake in Bluegrass Business Park from Brookfield for Rs 2,400 crore, marking a significant real estate deal in Pune's commercial sector

Bike taxi row: Uber, Ola halt in Karnataka, Rapido continues service

This comes after the Karnataka High Court bench clarified that it has not passed any order allowing bike taxi services in the state

India faces copper crunch from energy transition, infra growth: CSEP report

The report by the Centre for Social and Economic Progress warns that India's copper imports could rise sharply unless mining, processing, and recycling capacity is scaled up

Govt imposes ₹67,220/tonne minimum import price on multi-layer paper board

The government has imposed a minimum import price of Rs 67,220 per tonne on virgin multi-layer paper board till March 31, 2026, according to a notification.

Govt cuts minimum export price of natural honey to $1,400 per tonne

The Centre has rolled out the National Beekeeping and Honey Mission (NBHM) for promoting scientific beekeeping for the holistic growth of the sector

Women just 9% of FMCD workforce despite 30% hiring surge in two years

Despite the sector's strong growth trajectory, the report revealed a huge gender gap, with women making up only 9 per cent of the FMCD workforce, one of the lowest among major sectors

India's coal imports rise 1.5% to 76.4 MT in Q1FY26 despite domestic push

In June, India imported 14.85 MT of non-coking coal, up from 14.19 MT in June last year, while coking coal imports rose to 5.78 MT from 5.45 MT in June 2024

Diamond rush in Andhra: Rain-washed soil draws farmers, fortune hunters

From Jonnagiri to Peravali in the Kurnool district of Andhra Pradesh, villagers and outsiders are digging rain-washed soils for diamonds, a tradition that has turned farmers into millionaires

Promise profits, not land: Indian states need a new investor playbook

India's states should compete for investment by offering better infrastructure, fewer processes, and smarter regulations, not larger land holdings or bigger subsidies

Vibe coding flips the script on IT hiring, opens doors for non-tech talent

IT cos seeking talent from non-tech backgrounds to tap into AI expertise

Real-money gaming ban could send ad sector into brief cold spell

Sports sponsorships may face hiccups

Establish a 2-tier fiscal council to institutionalise fiscal oversight: CII

The blueprint, titled Policies for a Competitive India, lays out over 250 actionable recommendations across 14 reform areas

Data centre industry entering phase of unprecedented growth: Nxtra CEO

"Data centre industry is entering a phase of unprecedented growth -- and Nxtra is proud to be at the forefront of this transformation," Arora said in the CEO message in the report

CII suggests reforms in GST; trade policy, jobs to achieve 'Viksit Bharat'

The Confederation of Indian Industry (CII) in its report "Policies for a Competitive India", presents over 250 actionable recommendations across 14 critical reform areas

Biostimulant Industry Federation urges govt action on trade barriers

NBIF urged the Prime Minister Narendra Modi's office to coordinate reforms across key ministries to support an industry valued at ₹40,000 crore

Vegetable oils body IVPA urges govt to lift GST refund restrictions

Under the current system, edible oil attracts 5 per cent GST while input materials such as packaging, chemicals and processing materials are taxed at 12-18 per cent

Starlink permit bars copying, decryption of Indian data abroad: MoS Telecom

The minister said that security conditions mandate satellite communication providers to set up earth station gateways in India through which communications from satellite to users are routed

Tyre industry set for 7-8% growth in FY26 on strong replacement demand

JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector

Bike taxi services resume, but Karnataka HC clarifies no judicial nod given

During a hearing on August 20, the bench had adjourned the matter to September 22, giving the government time to decide whether it intended to frame a policy on bike taxis