Page 2 - Industry News

India's fisheries exports rise to ₹68,000 cr after US tariffs: MoS Baghel

The government aims to achieve Rs 1 trillion in fisheries exports over the next five years, he said on the sidelines of the second National Veterinary, Dairy and Fisheries Symposium 2026 in Nagpur

UPI users resist fees, 75% say they will quit if charged: Report

A decade after its launch, India's flagship payments system faced a moment of pushback, with users signalling they would abandon UPI if charges were introduced

Power firms in Haryana seek rule change to defer fuel surcharge recovery

The discoms have proposed to defer the monthly recovery and instead recover the amount in subsequent financial years at a uniform rate of 47 paise per unit across all consumer categories

Govt plans to bar cough syrups for kids under 2 amid safety concerns

Draft NFI 2026 bars use for children under two, discourages it below five, and mandates stricter testing of ingredients after contamination-linked deaths raised global alarm

After 7-yr delay, Odisha hands over land for Chandikhol oil reserve project

After more than seven years of delay, Odisha hands over land for Chandikhol oil reserve project, paving the way for construction of a 4 million tonne strategic crude storage facility

Ride-hailing platform Bharat Taxi's next stop: Lucknow, Chandigarh

Bharat Taxi expands to Lucknow and Chandigarh, betting on a subscription-led model and lower fares to challenge incumbents in India's competitive ride-hailing market

India's qcom boom runs into saturation roadblock in metros: Bernstein

Dense dark-store expansion and overlapping networks signal rising competition, as Bernstein flags profitability risks and shift in growth to smaller cities

Vedanta flags lower Adani bid for JAL, alleges opaque CoC process at NCLAT

Vedanta challenges Adani Group's JAL resolution plan in NCLAT, alleging lower bid value than liquidation and lack of transparency in creditor decision-making

West Asia conflict: Qatar commits to 'reliable' energy flows for India

Qatar reassures India on LNG supplies after disruptions, as government says power availability remains stable despite low dependence on gas-based generation

Easier exploration norms to speed up auctions of felspar, mica, quartz

Govt proposes easing exploration norms to fast-track auctions of felspar, mica and quartz, while retaining stricter rules for critical minerals

India defers power plant maintenance to add capacity for summer peak

Power plants have to annual take a shutdown for maintenance and repair of wear-and-tear in the machinery but this has been posted to make available electricity to meet peak demand

Rising costs likely to slow expansion plans of Bengal foundry units

Rising raw material and logistics costs amid global tensions threaten ₹2,000 crore expansion plans of Bengal's foundry sector

Govt finalising policy to build domestic critical minerals value chain

Policy aims to build domestic processing capacity for critical minerals, reduce import dependence and strengthen supply chains for EV batteries and manufacturing

Drug regulator may retain GMP relaxations in Schedule M for select products

DTAB recommends continuing GMP exemptions under revised Schedule M for disinfectants, medical gases and gelatin capsules, citing limited relevance of strict norms

Centre eyes TReDS extension to defence procurement to ease MSME payments

Government is exploring extending TReDS to defence procurement to improve MSME liquidity, address delayed payments, and encourage greater participation in the sector

Lenders favour MSME loan restructuring over moratorium amid stress

Banks prefer restructuring MSME loans over moratoriums to maintain credit discipline, as stress from US tariffs and the West Asia crisis raises concerns over repayment capacity

India's power demand rises 1.7% in March, growth subdued by rainfall

India's power demand rose modestly in March due to above-normal rainfall and a high base, while lower demand also eased short-term market prices

Odisha CM Mohan Charan Majhi inaugurates grid substations worth ₹600 crore

Odisha CM Mohan Majhi inaugurates grid substations and transmission lines worth Rs 600 crore to improve power supply, benefiting 22 lakh consumers in Bhubaneswar and nearby areas

West Asia conflict likely to weigh on India Inc's Q4 FY26 results

The combined net profit of Nifty 50 companies likely to grow by 4.2 per cent Y-o-Y in Q4FY26, lowest in the last seven quarters

CDSCO moves to fast-track foreign drug import approvals, cut delays

Regulator plans to cut delays by allowing direct submission of Form 40 applications to DCGI, aiming to improve efficiency in drug import approvals