Page 189 - Industry News

Oil prices likely to drop further as Opec+ boosts output from October

Beginning April this year, Opec+ had been increasing production every month. The latest September production increase fully reversed the 2.2 million bpd voluntary cut

MCA expands fast-track mergers to unlisted firms with loans under ₹200 cr

MCA has widened the scope of fast-track mergers to include certain holding-subsidiary companies and unlisted firms with loans under Rs 200 crore and no defaults

Dorm rooms to orbit: Can India's deeptech leap deliver on its promise?

Part-I explores why deeptech lagged in India, what's finally changing, and the hurdles ahead. Part-II profiles the builders - their ideas, technologies, and ambitions

Redevelopment rush in Mumbai: Extra carpet area is the new dealmaker

For tenants, this translates into the promise of spacious, modern apartments replacing crumbling old buildings

Lenders to vote on Vedanta, Adani bids for bankrupt Jaiprakash Associates

Vedanta has offered Rs 17,000 crore for Jaiprakash Associates' assets, edging Adani's bid, as lenders prepare to vote on revised resolution plans in the insolvency process

India's informal workforce moves towards formalisation, shows govt data

It stated that the EPFO recorded 139.78 lakh net new subscribers in FY25, its highest ever, which is over double the 61 lakh enrolments seen in FY19

Consumers to see reduced prices of FMCG products by next month: Godrej MD

The new structure of goods and services tax (GST) will come into effect on September 22. However, Sitapati hinted that it might take a longer time to implement it

12% safeguard duty on steel products sufficient for now: Naveen Jindal

Jindal said the industry will approach the government again if it faces import-related challenges in future

Must ensure that GST benefits are passed to consumers, says Piyush Goyal

At EEPC India's Platinum Jubilee celebrations, the Commerce Minister said the next-gen GST reforms will strengthen industry, trade and drive engineering exports

Russia's spot crude oil supply normal, says Indian Oil's Anuj Jain

Loading of Russian oil for India in August nearly halved to 686,850 barrels per day from about 1.34 million bpd in July, according to LSEG trade flows

Driven by record M&A volumes, India deal activity hit $15.9 bn in August

M&A deals in India during the month were led by Schneider Electric and Tata Motors' cross-border acquisitions, pushing M&A volumes to record, while PE activity moderated in value

India revokes grid access for 17 GW of clean energy projects, says source

The state-run Central Transmission Utility of India Ltd (CTUIL) informed companies including Adani Green Energy, ReNew Power, NTPC, Avaada Group, JSW Energy, and ACME Solar

India's oil demand growth set to outpace China in 2025: Trafigura

China and India - the region's leading crude importers - are key drivers of demand growth, as producers and traders navigate the impact of economic shifts, plus the spread of renewable energy

India's nationwide rollout of E20 ethanol fuel sparks confusion, panic

E20 is petrol blended with 20 per cent ethanol, an alcohol mainly produced from sugarcane and grains such as maize and rice

US, UAE boost oil flows to India amid Trump's tariff pressure on Russia

India has leaned on the US and UAE to boost spot purchases of crude oil this year to cover immediate needs and navigate geopolitical tensions

Trump supporters' bid to block IT outsourcing puts jobs, growth at risk

Trump's possible move to block US companies from outsourcing IT work to India threatens a $282 bn industry, risking jobs, exports, and tech delivery models

Urban households choosing ecommerce for festive buying may increase 115%

The report noted that with the government rolling out GST reforms that have lowered prices of white goods and consumer electronics

No GST cut for detergents, cosmetics surprises FMCG firms: Analysts

The all-powerful GST Council last week decided to reduce taxes on most of the common-use goods as part of the government's measure to boost consumer spending

UP to launch world's first ceramic waste park in Khurja this month

As per a press statement, the project is a significant part of the Yogi government's efforts to globally promote traditional industries and products, following the success of the ODOP

Steel industry eyes AI to enhance value chain, green transition finance

ISA President Naveen Jindal said, We are working towards a resilient, future-ready steel sector that strengthens India's position globally while addressing sustainability imperatives