Page 172 - Industry News

Indian company borrowing costs see steepest rise since 2022 on fiscal risks

The average yield on top-rated three year company notes climbed 26 basis points in two days through Tuesday, set for the steepest weekly gain since November 2022, data compiled by Bloomberg show

Govt to fast track reduction of compliance burden: DPIIT addl secy

The Bill, prepared by the Department for Promotion of Industry and Internal Trade (DPIIT), has proposed amendments to 355 provisions under 16 central laws administered by 10 govt departments, ministry

Retail sector projected to nearly double to $1.93 trn by 2030: Report

The country's retail and consumer landscape is undergoing a transformation, powered by robust domestic consumption alongside a surge in digital adoption

Wind projects underperform, but firms' credit quality holds steady: Crisil

Last year marked the weakest performance in five years, with only 20 per cent of wind power capacity meeting or surpassing the P90 level

Core sector growth falls to 2% in July against 6.3% in same month last year

According to official data released on Wednesday, the output of these sectors had risen by 6.3 per cent in July last year. The production growth was 2.2 per cent in the previous month of June

Express logistics and courier sector to touch $18-22 bn by FY30: Report

Post-pandemic growth is being driven by high internet and smartphone penetration, exponential growth of e-commerce, the rise of MSME output and significant infrastructure expansion into tier II and II

Online Gaming Bill: Lok Sabha passes legislation to ban online money games

The Bill was passed by a voice vote after brief remarks by Minister of Electronics and Information Technology Ashwini Vaishnaw, amid protests from Opposition lawmakers

Explainer: Online real money games and why govt is seeking to ban them

If passed, the online gaming bill could shut down the RMG industry, which employs 200,000 people and contributes ₹20,000 crore in GST annually

Indian Oil, BPCL resume buying Russian oil for September as discounts widen

Discounts for Russian flagship Urals crude have widened to about $3 per barrel, making the oil attractive for Indian refiners, while China has stepped up purchases, the officials said

Chinese refiners sweep Russian oil as Indian demand weakens, discounts fall

China had secured 15 Russian Urals cargoes for October-November delivery by the end of last week, said Richard Jones, a Singapore-based crude analyst at Energy Aspects

India's Russian oil imports dip in July, skips LatAm supply, data shows

India imported 1.5 million barrels per day of Russian crude in July, down 24.5 per cent from the previous month, the data showed

Gaming bodies seek Amit Shah's intervention to stop RMG ban in India

Gaming associations warn that banning real-money games could shut 400 firms, endanger 2 lakh jobs, reduce tax revenue, and push users to offshore gambling operators

India's oil reforms to blunt US and European Union supply coercion

The government has no say in where the country's refiners source oil from because these are commercial transactions, the official reiterated

Govt set to log out real-money games; Bill to be tabled on Wednesday

The draft bill, however, calls for promoting e-sports and online social games, according to a source

Russian crude oil import largely stable despite US tariff announcement

Cargoes of crude oil for September delivery in India down 45% in August compared to July

Govt likely to tighten rules for money-based games in Online Gaming Bill

The draft Bill is likely to impose severe restrictions on online money games or online money gaming service offerings, including bank transactions

Marriott International, Flipkart stitch together dual-loyalty plan

Marriott International and Flipkart launch a dual-loyalty program for Indian consumers, allowing members to earn and exchange points, enhancing both brands' presence in India's growing travel sector

ECMS can raise semiconductor value addition to 20%: Ajai Chowdhry

Ajai Chowdhry highlights the government's Electronics Component Manufacturing Scheme, aiming to raise domestic value addition in semiconductor components from 3-5% to 15-20% in the next 3-5 years

Reliance Jio, Bharti Airtel hang up on 1 GB starter packs for new users

Exit clears path for 10-15% tariff hikes this year

India awards 862,000 TPA green hydrogen capacity, eyes 10% of global demand

India awards 862,000 TPA green hydrogen capacity to 19 companies, aiming to capture 10% of global green hydrogen demand by 2030, says Union Minister Shripad Naik at FICCI Green Hydrogen Summit