Page 2 - Industry News

Navitas Solar to invest ₹10,000 cr in 5 yrs in renewable energy facilities

Surat-based Navitas Solar plans to expand beyond module manufacturing into cells, ingots, wafers, battery storage and renewable energy projects in Gujarat and Maharashtra

India tech funding rises 7% to $10.3 billion in first nine months of 2026

ndia's tech startups raised $10.3 billion in the first nine months of 2026 despite a 38 per cent decline in funding rounds, with capital concentrated in larger deals

India's power crunch tops summer levels as El Nino hits hydropower

Nighttime power shortfalls have reached 7.7 GW this month, while hydropower generation fell 12 per cent in September, pushing coal plants to run harder to meet demand

Govt plans 50-metre junk food curbs around schools amid rise in obesity

Proposed rules could restrict sales of high-fat and high-sugar foods near India's 1.5 million schools, adding pressure on global food and beverage companies

Retail prices of cooking oils may fall after duty cut: Industry body IVPA

The government has cut customs duties on crude and refined soybean, palm and sunflower oils, a move the industry expects to lower landed costs and ease retail prices ahead of the festive season

Bank strike from Sept 28-30: Why bankers are on strike again this month

The RBI has allowed all bank branches, offices, ATM-linked branches and currency chests to remain open on September 27 to avoid a possible five-day disruption

Indian recyclers seek govt intervention over EU metal waste ban proposal

A recyclers' group representing small and mid-sized Indian firms has sought government intervention after the EU proposed restricting metal waste exports to India from May 2027

High crude leaves OMCs losing ₹530 crore a day on fuel sales: Icra

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September

India's electrification rate could rise to 32% by 2035: IEA report

The IEA says India's electrification rate could rise from 19 per cent to 32 per cent by 2035, led by transport, while lower fuel imports could reduce its energy import bill.

Copper producers seek GST cut to 5% as record prices tie up capital

India's primary copper producers want GST on a range of copper products cut from 18% to 5%, saying the move could unlock up to $3.6 billion in working capital

Retail sector logs 10% growth in Aug on stable consumer demand: RAI survey

India's retail sector maintained a steady trajectory in August, recording a 10 per cent year-on-year (Y-o-Y) pan-India growth, according to a business survey by the Retail Association of India.

Indian Railways' coach overhaul on track for completion in FY28

1,600+ older rakes converted as safer Linke Hofmann Busch stock takes the rails

Fuel shift gathers pace across vehicle segments as EV adoption rises

India's automobile market is seeing a steady shift in its fuel mix, with electric vehicles (EVs) gaining ground across passenger vehicles (PVs), two-wheelers, three-wheelers and commercial vehicles

FSSAI initiates penal action against five leading e-commerce platforms

FSSAI has initiated penal action against five e-commerce platforms over product claims, information and the listing of prohibited food articles under food safety regulations

Odisha clears industrial projects worth Rs 2.47 trillion at one go

Data centres, AI and power projects dominate Odisha's record investment pipeline; 27 projects across 15 districts involving Rs 2.47 trillion are expected to generate 50,162 jobs

India is on track to hit 100GW wind energy target by 2030: Suzlon's Tanti

India is largely on track to achieve 100 GW wind energy target by 2030, provided it accelerates power grid expansion and maintains a steady pipeline of project auctions, Suzlon Group co-founder said

Ola Electric seeks board nod for proposed rights issue of equity shares

Ola Electric's board will consider a rights issue on September 28. The company has not disclosed its size or use of proceeds as its electric two-wheeler market share falls

India's Ayush market could reach $213 billion by 2030: Primus Partners

Primus Partners says integrating Ayush into public health systems, insurance and primary care could help expand India's market to $213 billion by 2030 from $43 billion now

FSSAI proposes single-phase rollout of front-of-pack nutrition labelling

FSSAI has proposed a 365-day voluntary compliance window for front-of-pack nutrition labels, with red warnings for products exceeding prescribed salt, sugar or fat limits

India extends anti-dumping duty on imported Chinese decor paper till March

India has extended anti-dumping duty on decor papers imported from China till March 2027 to protect domestic manufacturers from cheap inbound shipments, according to a notification.