Page 181 - Industry News

$13 billion worth of IT contracts up for renewal in coming months

Global uncertainty, US trade tariffs, and muted growth weigh on Indian IT firms as over 600 major outsourcing contracts near renewal in the second half of 2025

GoM discusses new scheme for debt restructuring of power discoms

The GoM also held deliberations for drafting the broad contours of the new scheme to be proposed for debt restructuring of distribution utilities

Hospitals vs insurers: Policyholders bear the brunt of rising medical costs

The simmering conflict came to a head last month when Niva Bupa suspended cashless services at Max Hospitals on August 16, citing unresolved reimbursement issues

FMCG majors cut prices as firms pass on GST benefit to consumers

Mother Dairy, Hindustan Unilever and others announced price cuts across dairy, foods, ice creams, soaps and shampoos, as GST benefits are passed on to consumers from September 22

Medical device makers ask for extending ITC on services, capital goods

Industry body Aimed says proposed balanced reforms could help reduce healthcare costs for consumers

Will 'assess' ethanol-blending plan before setting higher targets: Puri

Biofuels not harmful to engines, says Oil Minister amid concerns about impact

India has now 600 million OTT users, CTV penetration sees 87% jump

Sharp rise in the CTV audience base is striking for a market long regarded as mobile-first

Brand value flickers for mid-tier celebs as influencers steal stage

A-list celebrities have not yet succumbed to the rise of influencers, as they continue to hold their own sway over audiences

Apollo Tyres named Team India lead sponsor in ₹579 cr deal till 2028

Apollo Tyres becomes Team India's lead sponsor until March 2028 in a Rs 579 crore deal, marking its first major cricket sponsorship and replacing Dream11

DCC to seek clarification from Trai on satcom spectrum recommendations

Sources said the multi-ministry apex decision-making body that looks at significant telecom matters, has decided to seek certain clarifications from Trai over satcom spectrum recommendations

We are being punished for providing superior services, Meta tells NCLAT

Meta told NCLAT it was being punished by CCI for offering superior services and highlighted lapses in the watchdog's findings on WhatsApp's 2021 privacy policy case

Mines ministry launches sixth critical minerals auction, PSU welfare plan

The mines ministry launched the sixth tranche of critical minerals auction for 23 blocks across 13 states and announced Rs 1 crore insurance cover for PSU miners

DoT pushes deadline for mandatory testing of broadband gears until Dec 31

Industry body has alleged that the mandatory testing has been deferred again amid reluctance by foreign vendors to go for security testing but NCCS has denied the charges

India's luxury housing boom fuels demand for premium home products

Premium brands across kitchenware, bath fittings, tiles, furniture, and interiors are experiencing a surge in demand as affluent buyers increasingly splurge on upscale residences

India targets 1,800 GW non-fossil fuel power capacity by 2047: Joshi

Pralhad Joshi said India aims for 1,800 GW non-fossil fuel capacity by 2047, citing rapid solar and wind growth, rooftop solar expansion and hydrogen hub development

Bombay HC quashes Maharashtra bid to recover ₹374 cr from Bajaj Allianz

Bombay High Court held that crop insurance payouts under PMFBY cannot be treated as land revenue, striking down Maharashtra's Rs 374 crore recovery order against Bajaj Allianz

Abuse of dominance not proved by CCI, Meta tells NCLAT

Meta told NCLAT that integrating WhatsApp data enhances advertiser value and market leadership, adding CCI failed to prove abuse in its dominance case

Maha govt to launch skills courses for gems and jewellery sector: Fadnavis

Speaking at the inauguration of a gems and jewellery exhibition at the Jio World Convention Centre here, Fadnavis said the gems and jewellery sector has the potential to make India a global leader

Commerce ministry tells retailers to highlight discounts from GST rate cuts

Nearly 400 products - from soaps to cars, shampoos to tractors and air conditioners - will cost less when the rejig of the GST is effective from the first day of Navaratri on September 22

India's LNG demand drops in 2025 as buyers await supply wave, price drop

Purchases slowed as elevated spot prices made LNG less competitive against alternative fuels, while monsoon rains brought cooler weather and reduced power demand