Page 2 - Industry News

Govt likely to clear seven proposals worth ₹11,000 crore under ECMS

The Centre is likely to approve five to seven more applications under the Electronics Component Manufacturing Scheme, with cumulative investment of nearly ₹11,150 crore

Around 59 mn FASTags currently active, out of 118.6 mn issued: Gadkari

FASTag is an RFID passive tag used for making toll payments directly from the customer's linked prepaid, savings, or current account

Housing ministry raises EWS housing target under PMAY 2.0 by 350%

Targeted housing under BLC component raised from 111,000 to 500,000 homes in FY27

Technology Development Board issues first call of proposal under RDI fund

The statutory body invited applications on a rolling basis in priority areas such as energy transition, AI, quantum computing, robotics and space

Delhi emerges as world's most cost competitive student city: Report

Younger demography, infra potential prime India's push to be most strategic higher education growth market globally

Link power tariff hikes to inflation, suggests expert report to 16th FC

An expert report to the 16th Finance Commission suggests inflation-linked power tariff hikes could ensure timely revenue recovery for discoms and help consumers avoid sharp increases

IndiGo suspends flights to Copenhagen, reduces Manchester, London services

IndiGo said it is suspending Copenhagen flights and reducing frequencies on Manchester and London routes, due to airspace curbs and operational constraints

PM Surya Ghar scheme benefits 2.8 mn households, ₹16,000 cr disbursed: Govt

Naik informed the House that since the launch of the scheme in February 2024, total 22,65,521 roof top solar (RTS) systems have been installed across the country

No tax risk for foreign companies setting up data centres in India: FinMin

Explaining the proposal, Finance Ministry sources said that to avail the tax holiday, a foreign company has to satisfy four essential conditions

KFC India operator Devyani International promotes CFO Manish Dawar to CEO

Shares of the company rose nearly 5 per cent on the day

Textile sector capex hits highest in over 14 yrs, trade deals boost outlook

The total value of new project announcements for the year ending December 2025 was Rs 44,019 crore, the highest on a rolling 4-quarter basis since at least 2011

Musk's xAI merger with SpaceX poses bigger threat to OpenAI, Anthropic

Musk is attempting to supercharge his efforts to build more powerful AI systems with help from one of his most successful ventures

Maritime stakeholders join hands to form new national container carrier

State-owned maritime entities have signed an MoU to form Bharat Container Shipping Line, aimed at strengthening India's export-import logistics and reducing freight volatility

Global travellers get more shopping leeway under new Baggage Rules, 2026

New baggage rules emphasise electronic declarations and advance filings to minimise airport delays

India-US trade deal: Refiners await govt nod on cutting Russian oil imports

Only two state-run refiners Indian Oil and BPCL and Russia-backed Nayara Energy Ltd purchased crude oil from Moscow in January

India-US trade deal brings glimmer of hope for beleaguered IT services cos

India-US trade deal eases fears of tariff spillover into IT services, offering relief to Indian tech firms amid weak global demand and delayed client spending

US deal, FTAs likely to stitch a new growth story for textiles sector

With the US agreeing to cut tariffs on Indian goods to 18%, industry expects India's textile and apparel exports to gain a competitive edge and post double-digit monthly growth from FY27

India-US trade deal: Gems and jewellery exports set to shine once again

Easing of US tariffs has revived demand-side confidence in India's gems and jewellery sector, raising hopes of reversing export losses and regaining momentum

Indian housing mkt breaks into global top 10 by price growth, rising 9.6%

India's housing market ranked among the global top 10 as prices rose 9.6% year-on-year in 2025, led by strong demand in premium and mid-income segments

Shrimp industry gets a fresh lease of life after cut in US tariffs

Indian shrimp exporters have welcomed the US decision to cut tariffs, easing severe cost pressures, though industry players say the move came too late as major import orders for 2026 are in place