Page 171 - Industry News

Govt clears 23 chip design projects under DLI scheme in semiconductor push

Among the supported firms is Bengaluru-based Vervesemi, developing ICs for space, defence, and smart energy applications

India's online gaming ban may fuel offshore betting, money laundering

With fantasy sports, putting real money behind players' on-field performance has been elevated to a game of skill, at least in the eye of the law

US tariffs, China reliance thwarting India's $7 trillion solar prize

India's economic growth and rapidly accelerating electricity consumption are helping to propel a local solar industry that's forecast to become second in size only to China by the mid-2030s

MeitY blocked 1,298 illegal gaming sites but offshore firms still thrive

Despite MeitY blocking nearly 1,300 illegal gaming sites, offshore betting and gambling platforms continue to operate in India through apps, VPNs and social media channels

RMG platforms suspend paid contests to comply with new gaming law

Real money gaming apps like Dream11, Zupee, and Probo suspend paid contests following the passing of the Promotion and Regulation of Online Gaming Bill, 2025, which introduces severe penalties.

S&P sovereign rating upgrade to boost sluggish overseas borrowing

Changed rating expected to make overseas funding cheaper for Indian borrowers

Q1 presales solid for India's top listed real estate firms, profits patchy

DLF and Prestige power sales; Godrej and Oberoi face revenue drag

Innovative launches amusing consumers and driving FMCG growth: Report

Innovation and consumer experimentation are driving FMCG growth in India, with out-of-home demand, premiumisation, and new launches fuelling both urban and rural adoption

Heat-house plants: Lack of anti-polluting FGD systems in TPPs a concern

These alarming figures underscore the urgent need for stronger environmental policies

CDSCO flags 8 drugs as spurious, 134 not of standard quality in July

CDSCO flagged eight spurious drugs and 134 substandard formulations in July 2025, while Novo Nordisk reported theft of insulin and Wegovy batches during transit in India

BS Infra Summit: 'Fossil fuels to remain vital as renewables face hurdles'

At the Business Standard Infrastructure Summit 2025, experts said fossil fuels will remain critical to India's energy mix due to gaps in storage, transmission and foreign tech reliance

India resumes canola oil imports after 5 years as domestic prices surge

India mainly buys palm oil from Indonesia and Malaysia, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine

Bank-AI collab improves pricing, risk models: Philadelphia Fed's Jagtiani

The webinar was attended by more than 170 participants and included pre-eminent finance professionals from the United States, United Kingdom, and India

Flash-charging 135-seater bus to cut costs by 30%: Union minister Gadkari

Gadkari highlighted that the bus is one of the most ambitious projects aimed towards building a transport system of the international standard

Payments Council of India reappoints Patel, Srinivasu; Bansal joins team

The Payments Council of India has reappointed Vishwas Patel and M N Srinivasu as chair and co-chair while inducting Nalin Bansal, alongside naming heads for key payments committees

India leads APAC office demand with 70% share in H1 2025 leasing: Report

Country accounts for 48% of new office supply in APAC and demand 'remains positive': Colliers

BFSI sector to add 250K jobs by 2030, focus on tier II, III cities: Report

Candidates with local language proficiency and grassroots sales experience are now 2.5 times more likely to be shortlisted and command 10-15 per cent higher compensation, added the report

Japan's Takeda weighs India for global trials to speed up drug launches

Takeda is also open to partnering with local academia, healthcare providers and technology firms in India for innovation, Das said, without sharing more specifics

UK businessman Sukhpal Ahluwalia buys Rs 100 cr flat in DLF Camellias

British businessman Sukhpal Ahluwalia has purchased an 11,416 sq ft apartment at DLF's luxury project The Camellias in Gurugram for Rs 100 crore, underscoring demand for high-end homes

Decline in coal output drags core infrastructure growth to 2% in July

For the first four months (April - July) of the current financial year, growth stood at 1.6 per cent against 6.3 per cent last year. In July 2024, the Index of Core Industries (ICI) had risen 6.3 per