Page 195 - Industry News

ISM 2.0 to cover semiconductor ecosystem partners as well: Vaishnaw

While speaking to the media at Semicon India 2025, Vaishnaw said that a significant portion of the incentives will be earmarked for product development

Govt to notify rules, authority under Online Gaming Act soon: Delhi HC

The Centre told the Delhi High Court it will soon notify rules and create an authority under the Online Gaming Act, 2025, which bans real-money games, amid a constitutional challenge

India set for record cotton buying as imports, US tariffs hit prices

India has raised the price at which it will buy new-season cotton from domestic farmers by 7.8% to 8,110 rupees per 100 kg, but local market prices are hovering around 7,000 rupees

Delhi's manufacturing growth 3 times higher than national rate: Report

The annual report (2024-25) on the Index of Industrial Production (IIP) in the national capital was released recently by the Delhi government's Directorate of Economics and Statistics

US tariffs: India eyes Russia, Netherlands for pharma exports' growth

India's pharmaceutical industry is currently exempt from U.S. President Donald Trump's tariffs of up to 50% but the sector has been on edge due to the uncertainty surrounding the situation

Coal output from captive, commercial mines jumps 12% in Apr-Aug FY26

The output of dry fuel from captive and commercial mines was recorded at 66.07 million tonnes in the corresponding period of the previous fiscal

India to boost LNG import capacity by 27% by 2030, add two new plants

The South Asian nation wants to raise the share of gas in its energy mix to 15 per cent by 2030 from about 6 per cent at present to cut its carbon footprint

India a 'lighthouse of stability,' says Vaishnaw; invites global investors

Union Minister Ashwini Vaishnaw noted that the country's electronics production has surged six-fold and exports eight-fold in the last decade

India's power output hits fastest growth in 5 months on industrial boost

The sustained growth in renewable energy capacity has aided in lowering India's dependence on coal for power generation this year

What is Vikram 32-bit processor? India's first indigenous space chip

What is the Vikram 32-bit Processor: India unveiled the Vikram 3201, its first indigenous 32-bit processor for rockets and satellites, at Semicon India 2025. Built by Isro and SCL Chandigarh

World trusts India, is ready to build semiconductor future here: Modi

At Semicon India 2025, PM Modi said the world trusts India to build the semiconductor future, highlighting reforms, incentives, and youth talent powering the $1 trillion chip market

Semicon 2025: PM Modi receives first Made in India Vikram 32-bit processor

Union IT minister Ashwini Vaishnaw urged companies to invest in India's semiconductor ecosystem, citing the country's stable policy, vibrant startup ecosystem, huge demand and growing talent pool

India's fashion retailers face shortages as Bangladesh import curbs bite

Marks & Spencer, H&M, Zudio, and Lifestyle hit by delays after DGFT restricts garment imports to Kolkata, Nhava Sheva ports

Games24x7, Baazi among RMG firms hit by layoffs after online gaming ban

India's new online gaming law banning RMG formats such as ludo, poker and rummy has forced companies including Games24x7 and Baazi Games to lay off large parts of their workforce

Govt allows production of ethanol from sugarcane juice syrup, molasses

The world's second-biggest sugar producer had restricted production in the current marketing year because of a drop in sugarcane supplies

Dixon's 196% leap puts Indian firms in command of smartphone output

Foxconn Hon Hai, Apple's iPhone maker, grew its share from 13 per cent in Q2 CY 2024 to 19 per cent this year, catapulted by ballooning iPhone exports to the US

Indian CEOs cautious about private investment revival, says BS poll

When asked about the sectors that will drive performance in the coming quarters, the consensus leaned heavily toward domestic industries

Re-export of goods from DTA to SEZ must get drawback U/S 74 of CA62

I think the CBIC should take note of the difficulties of the trade and amend the definition of 'export' at Rule 2(b) of Re-export of Imported Goods (Drawback of Customs Duties) Rules, 1995.

Allow gaming cos perform legitimate transactions: Meity to banks, fintechs

MeitY has told banks and fintechs to process refunds, vendor payments and GST filings for gaming companies, while ensuring smooth user transition after the real-money gaming ban

EPC firms may post mid-to-high single-digit revenue growth in FY26: Ind-Ra

This is despite the undemanding base effect of FY25 when revenue slumped 4-5 per cent year-on-year with the absolute sector EBITDA remaining largely flat, hit by the busy election season