Page 2 - Industry News

Reliance rebuts Musk's allegations, says rules apply equally to all

Reliance said it welcomes domestic and foreign competition, stressing that all satellite service providers, including Jio, must follow the same regulatory approval process

Cracker prices likely to jump 30-50% this Diwali, pinching consumers

Firecracker prices are set to rise 30-50% this Diwali as higher chemical and packaging costs, expensive freight and supply constraints push up production expenses

NHAI seeks tech-led quality checks, builders ask for higher maintenance pay

NHAI has asked highway developers to use AI-enabled cameras, drones and digital dashboards to detect defects, while builders seek adequate maintenance payments and realistic bids

India's unemployment rate steady at 5% in September, shows NSO data

The increase in the jobless rate was sharper for women, rising to 5.2 per cent from 5.1 per cent in August

Construction-robot startup Origin raises $20 mn to automate interior work

Accel and Zacua Ventures co-led the funding round, which will help Origin scale deployment of its OG-1 robot, expand its fleet and run customer pilots in overseas markets

India gains ground in cleantech manufacturing as supply chains diversify

Policy support, a large domestic RE market and the global push to diversify supply chains are drawing manufacturing investment to India, though batteries and upstream solar components need to catch up

IMFA becomes India's largest ferro chrome producer with Kalinganagar plant

IMFA's ₹800-crore Kalinganagar plant adds 100,000 tonnes of annual ferro chrome capacity, taking its total to 534,000 tpa, with output targeted at 500,000 tonnes by FY28

UP rooftop solar capacity reaches 3,000 Mw with over 900,000 installations

Uttar Pradesh has installed over 900,000 rooftop solar plants, taking capacity to 3,000 Mw, with daily additions of 9-10 Mw and an estimated 100,000 direct jobs created

CDSCO waives export NOC for approved r-DNA drugs sold under new brand names

The move is expected to reduce export approval timelines for biologics manufacturers using different brand names in overseas markets, provided the products are already approved in India

Food delivery platform Swiggy launches multi-restaurant ordering feature

Swiggy's new feature lets users combine food orders from up to five restaurants through a single checkout, eliminating multiple platform fees and simplifying payments across 720 cities

India's metals, mining workforce to grow by 430,000 by 2035: McKinsey

McKinsey projects India's metals and mining workforce will expand by 430,000 by 2035, the largest rise globally, as its share of global metals revenue is set to reach 12%.

Jindal Ferrous expands Odisha footprint with ₹5,000 cr carbon steel plant

Jindal Ferrous has commissioned its first integrated carbon steel plant at Jajpur in Odisha, with a 2.2 mtpa steel melt shop and an investment of ₹5,000 crore

Canadian subsurface engineering firm VZFOX set to enter Indian market

The subsurface engineering firm plans a five-member Bengaluru team and will focus on mature-field revitalisation, reservoir optimisation, EOR, IOR and carbon-storage projects

Odisha unveils ₹40K crore industrial projects, eyes over 42,000 jobs

Chief Minister Mohan Charan Majhi inaugurated 24 facilities and laid foundation stones for 29 projects across 14 districts, with an estimated employment potential of 42,512.

Myntra customer base grows 30% in 2026, eyes 100 million monthly users

The fashion platform's Big Fashion Festival opened with four times its usual demand, with smaller cities accounting for more than half of first-day orders

Defence Ministry signs ₹4,106 cr deals for IAF satellite, Navy torpedoes

Communication satellite contract worth ₹2,563 crore; ₹1,543 crore deal for torpedoes

Ethanol supplies top 9.87 bn litres by Sep, grain feedstocks lead: AIDA

Oil marketing companies received 987 crore litres of ethanol by September-end in supply year 2025-26, meeting 82.5% of contracted allocation, with maize the largest contributor

CII outlines roadmap to bridge $36 bn gap in India's $100 bn M&E ambition

CII says annual growth must accelerate from 9 per cent to 15.3 per cent, with policy reforms, stronger monetisation, investment and IP development central to closing the gap

World Bank Group mobilises $36 bn in India in 4 yrs, $9.6 bn for MSMEs

Private capital mobilisation by the Group rose nearly five-fold to $14.5 billion in FY26 from $3 billion in FY22, with guarantees helping reduce investment risks and attract funding

Odisha needs ₹1.1 trn to expand renewable energy, storage and grid infra

The state needs to add 10.7 GW of renewable capacity by 2035-36, along with pumped storage, battery storage and transmission upgrades, an IEEFA report said