Page 18 - Industry News

Govt appoints Dinesh Pant and Girija Subramanian as Irdai members

The Appointments Committee of the Cabinet has approved the appointment of LIC's Dinesh Pant and New India Assurance's Girija Subramanian as members of Irdai

India must focus on indigenous tech for coal gasification: Official

India still lacks sufficient research to determine which existing gasification technologies are best suited for the country's high-ash coal, said Rupinder Brar, additional secretary at coal ministry

SC puts economic value on homemakers' work, raises accident payouts

The Supreme Court has set a new benchmark for valuing homemakers' unpaid work, raising compensation in a fatal accident case and introducing 'loss of domestic care'

Global liquor companies chase Indian state dues of $400 million

Alcohol makers have warned that Telangana's payment practices could leave nearly $400 million of older dues at risk of turning into bad debt

India crosses 100 mn sq ft flex office space as GCC demand surges

India's flex office space market crossed 100 million sq ft in FY26, supported by strong enterprise demand, rising profitability, sustained occupancy levels and growing GCC activity

Govt restricts users from buying bulk petrol, diesel through retail pumps

The government said the measures were aimed at ensuring the 'equitable availability' of petrol and diesel, preventing hoarding and diversion

Amazon to rely on own charging infra to expand EV delivery fleet in India

The company already has plans to introduce over 1,000 electric trucks into its operations in India over the next five years, joining the existing 10,000 electric vehicle fleet

Govt focusing on automation of explosive units for safety: DPIIT official

The department, which functions under the Union Ministry of Commerce and Industry, has undertaken major regulatory reforms to strengthen safety and ease of doing business

Reliance, Adani, Vedanta among firms keen on Andhra rare earth projects

Reliance, Vedanta and Adani are among companies exploring rare earth processing investments in Andhra Pradesh as India seeks to reduce dependence on China and build domestic critical minerals capacity

Generic semaglutide market shows signs of excess inventory bulge

Distributors grapple with rising semaglutide inventory amid slower liquidation

Semiconductor companies under ISM to invest ₹31,299 crore by FY27

The companies included Micron( which was the first to invest in FY 25 and FY 26 ) and has already started commercial production

BIS issues seed bank framework to preserve climate-resilient crops

Compliance would allow community seed banks to function as decentralised repositories, enabling local farmers to collect, store, and exchange locally adapted seeds

UP targets three-fold jump in defence investments to ₹1 trillion

Uttar Pradesh aims to triple defence and aerospace investments to nearly ₹1 trillion, strengthening its position as a key manufacturing hub under the UPDIC

Opendoor shuts India operations, lays off 250 employees amid AI push

Layoffs reflect rising concerns over AI-driven job displacement in entry-level and back-office roles, alongside growing US policy pressure to shift more work onshore

Extended West Asia war threatens delivery of over 500,000 homes in India

Housing demand remains resilient and project financing is better than in previous cycles, says Anarock

Indian refiners secure crude, LPG supplies till August despite Iran war

Indian refiners, including Indian Oil Corp and Mangalore Refinery and Petrochemicals Ltd, ‌have also purchased crude through spot tenders in recent weeks

Smartworks leases Bengaluru office space with Sattva in a ₹589 crore deal

Smartworks Coworking Spaces has leased nearly 492,000 sq ft at Sattva Aura in Bengaluru, strengthening its presence in a key enterprise market driven by GCC and technology demand

Govt approves price hike for cancer drugs amid nationwide shortage

Clears way for higher rates for Cisplatin and Carboplatin amid supply crunch

Stamp of modernity: India Post aims to go from logistics to hangout hub

Several post offices situated inside major university campuses, called Gen Z post offices, have received a facelift, with cafe-like decors and wi-fi availability

Govt rebuts US claims of excess capacity in steel and textile sectors

Low domestic consumption levels belie overcapacity allegations, says commerce ministry