Page 19 - Industry News
India fourth-highest funded country in FY26, with funding falling 18%
India retained its position as the fourth-highest funded startup ecosystem globally in FY26 despite an 18 per cent drop in funding, with early-stage investments and IPO activity showing resilience
 "India fourth-highest funded country in FY26, with funding falling 18%")
Eli Lilly's Mounjaro sales dip as semaglutide generics flood Indian market
Mounjaro sales in March dropped to ₹114 crore ($12.3 million) in March from ₹135 crore a month earlier, Pharmarack data show
 "Eli Lilly's Mounjaro sales dip as semaglutide generics flood Indian market")
Domestic fuel retailers buy discounted diesel to avoid price hikes
The new pricing formula is based on India's crude import price
 "Domestic fuel retailers buy discounted diesel to avoid price hikes")
Glenmark receives USFDA approval for generic progesterone vaginal inserts
Glenmark's progesterone vaginal inserts 100 mg will be distributed in the US by Glenmark Pharmaceuticals Inc, USA, the company said
 "Glenmark receives USFDA approval for generic progesterone vaginal inserts")
Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai
Developer plans 11 sea-facing projects across key Mumbai locations, betting on sustained HNI demand and overseas interest despite recent softness in housing sales
 "Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai")
Poonawalla-owned iconic Raja Ravi Varma painting to be exhibited in Mumbai
Record-shattering artwork will be up for public viewing at AstaGuru's two-day exhibition this weekend
 "Poonawalla-owned iconic Raja Ravi Varma painting to be exhibited in Mumbai")
Govt hikes LPG allocation to 70% for pharma, food and agri sectors
LPG allocation raised to 70 per cent for key industrial sectors, with cap of 0.2 thousand tonnes per day per sector and conditions for eligibility
 "Govt hikes LPG allocation to 70% for pharma, food and agri sectors")
MNRE, finance ministry in talks to launch PLI scheme for polysilicon
The ministry is in discussions with the finance ministry to introduce incentives for domestic polysilicon production, aiming to reduce import dependence and build a fully integrated solar manufacturin
 "MNRE, finance ministry in talks to launch PLI scheme for polysilicon")
Indian refiners begin talks for cargo via Hormuz, await shipping cos' nod
Indian oil companies are expected to prioritise LPG supplies from the region as refiners await shipping firms' approval to resume cargo movement through the Strait of Hormuz
 "Indian refiners begin talks for cargo via Hormuz, await shipping cos' nod")
IPM growth at 10.5% marks 5-qtr high on steady pricing, volume recovery
Indian pharma market's growth was led more by price increases that an uptick in consumption
 "IPM growth at 10.5% marks 5-qtr high on steady pricing, volume recovery")
Women's credit expands, but entry of new borrowers slows: NITI report
Lending to women continues to grow, but share of first-time borrowers declines in microfinance, even as retail credit sees rising participation
 "Women's credit expands, but entry of new borrowers slows: NITI report")
LPG imports in April, May a concern owing to shipping woes, availability
Shipping is the biggest obstacle for India in source fuels
Trai seeks views on satellite network-as-a-service, spectrum norms
Regulator seeks stakeholder inputs on spectrum assignment, charges and D2D services under satellite network-as-a-service model
 "Trai seeks views on satellite network-as-a-service, spectrum norms")
Odisha rolls out 36 projects worth Rs 40,811 crore to boost industry
Odisha launches 36 industrial projects worth Rs 40,811 crore across sectors, expected to create over 59,000 jobs and boost manufacturing and infrastructure
 "Odisha rolls out 36 projects worth Rs 40,811 crore to boost industry")
ISA seeks logistics roadmap as India targets 300 mtpa steel capacity
Steel industry body seeks logistics roadmap, incentives and raw material linkages as Odisha targets 100 mtpa capacity within India's 300 mtpa goal
 "ISA seeks logistics roadmap as India targets 300 mtpa steel capacity")
Brand Concepts brings Off-White to India, targets $10 million in 5 years
Fashion retail platform Brand Concepts secures master franchise for Milan-based luxury streetwear brand
 "Brand Concepts brings Off-White to India, targets $10 million in 5 years")
India adds record 55.29 GW non-fossil capacity in FY26: Pralhad Joshi
Joshi also said India ranks third globally in renewable energy installed capacity, according to the Renewable Energy Statistics 2026
 "India adds record 55.29 GW non-fossil capacity in FY26: Pralhad Joshi")
Inclusion gaps in infrastructure, tech weigh on labour force: Report
Workforce participation among persons with disabilities remains much lower than the broader population at about 36 per cent, says report
 "Inclusion gaps in infrastructure, tech weigh on labour force: Report")
Cabinet approves ₹79,459 crore investment in HPCL Rajasthan refinery
Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan refinery, boosting petrochemical output and supporting energy security and import substitution
 "Cabinet approves ₹79,459 crore investment in HPCL Rajasthan refinery")
Stable repo rate to sustain housing demand, office leasing momentum
Industry stakeholders say stable borrowing costs will sustain homebuyer confidence, support demand across residential and commercial segments, and provide predictability amid economic uncertainty
 "Stable repo rate to sustain housing demand, office leasing momentum")