Page 18 - Industry News

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

Irdai may roll out insurance distribution reforms in Jan 2027 amid backlash

The effective dates under consideration are Jan. 1 and April 1, Girija Subramanian, an executive at the Insurance Regulatory and Development Authority of India, said

IT sector braces for fourth year of weak growth amid geopolitical, AI risks

Growth is expected to be muted as customers remain cautious on discretionary technology projects, though recent results from Accenture Plc offered some encouragement

Indeed troubling: Musk responds to Rahul Gandhi amid Starlink entry row

Gandhi had earlier replied to Musk's post, which claimed that Starlink was unable to secure a licence despite complying with Indian laws and requirements for five years

Confident of hitting $1 trillion exports target in FY27: Piyush Goyal

Commerce Minister Piyush Goyal says India's export target is achievable despite subdued global trade growth, citing strong domestic businesses, MSMEs and new FTAs

Govt counters Musk, says satellite clearance process non-discriminatory

Elon Musk says Starlink can fill gaps left by mobile services; posted on X earlier that 'certain oligarchs' were blocking its India entry

Centre to cap trade margins on non-scheduled cancer drugs at 30%

Move could cut MRPs by up to 70%, save patients ₹2,500 crore annually; comes amid SC scrutiny of high mark-ups

Eutelsat OneWeb awaiting govt nod: Bharti Enterprises chairman Sunil Mittal

Bharti Enterprises Chairman says the group's satellite services would begin 'hopefully soon' in India