Page 20 - Industry News

West Asia conflict: 59 India-bound vessels transited Hormuz since war

Strait of Hormuz vessel traffic remains subdued amid US-Iran tensions, with India evacuating 59 ships as exporters brace for further maritime disruptions

Pet parents have food brands on a short leash with focus on transparency

Demand for cleaner labels is pushing brands to compete on science, transparency, and traceability

Q1FY27 pharma preview: Domestic growth cushions US-led pressure on earnings

Hospitals and diagnostics are expected to outperform in Q1FY27, driven by capacity additions, improving utilisation and higher patient volumes despite pressure on margins

SC refuses plea to shift Benami Act appeals to ITAT, allows representation

The apex court said transferring appellate jurisdiction under the Benami Act would require legislative changes, but allowed the petitioner to pursue a pending representation before the Centre

No proposal to revert to ethanol-free or E10 petrol, says MoS Suresh Gopi

The Centre said there is no proposal to revert to ethanol-free or E10 petrol, citing E20 fuel's scientific validation, widespread adoption and benefits for energy security and sustainability

Odisha's Paradip to anchor critical minerals value chain with mega park

Paradip has been selected as one of four locations for critical mineral processing parks under the NCMM to strengthen domestic supply chains for EVs, semiconductors and defence

Sankriti Museum artefacts, textiles find a new home at Humayun's Tomb

Over 2,000 artefacts and 500 textiles from Sankriti Museum find a new home at Humayun's Tomb World Heritage Site Museum, opening to the public from August 1

India's residential market grows 3% in H1 as premium housing demand rises

Residential sales rose 3 per cent in H1 2026, with Bengaluru and Chennai leading growth as premium homes dominated demand and developers stepped up launches, JLL said

India's real estate records deal activity worth $2.3 bn in Q2: GT Bharat

M&A and private equity investments drove India's real estate deal activity to $2.3 billion in Q2 2026, with commercial assets continuing to attract the bulk of investor interest

Funding for operator-led startups nearly doubles in two years to 11%

Funding for startups founded by experienced business operators rose nearly 12 times between 2023 and 2025, while seed-stage investments increased 17.5 times

Only 70 licences among 1.5K eateries: Where Delhi's open dining falls short

With only around 70 valid licences against an estimated 1,500 eateries offering outdoor seating, what are the challenges that continue to limit Delhi's open dining potential

Indian steelmakers pivot home as Europe curbs imports, China hits margins

India ships ​roughly two-thirds of its steel to Europe, and the executives expect exports to EU and Britain to ‌fall by as much as 40% this fiscal year after both markets tightened import rules

Lupin spins out 2 cancer drug programmes into US-based Kaveri Therapeutics

New company to raise capital for global clinical trials; Lupin to retain significant equity stake and provide seed funding

Paytm Wallet comeback? One97 seeks RBI nod for fresh PPI licence

The fintech company is looking to revive its wallet business with a fresh PPI licence application, following the RBI's cancellation of Paytm Payments Bank's licence

India plans to ease export procedures for shipments worth up to ₹10,000

Exporters sending goods worth up to ₹10,000 may no longer need an RCMC to apply for authorisations or claim benefits under the Foreign Trade Policy

Transition VC launches ₹1,500 cr Fund II to bet on energy-focused companies

The venture capital firm plans to invest $2-5 million in about 20 engineering-led startups over four years, expanding its focus to advanced manufacturing and industrial technologies

India's crude oil import bill rose 48% to $14.7 billion in June

India's crude oil import bill climbed to $14.7 billion in June as elevated global crude prices amid supply disruptions outweighed a decline in import volumes

TDB-RDI selects 22 deeptech startups with project cost of ₹4,744 crore

The Technology Development Board has backed 22 deeptech startups with ₹2,192 crore under the RDI Fund, supporting projects worth ₹4,744 crore across strategic sectors

Consumer sector saw 97 deals in April-June, volumes declined sequentially

India's consumer sector recorded 97 deals worth $981 million in the April-June quarter as deal volumes and values moderated sequentially amid a more selective investment environment

Line ministries are being apprised of project spillages in real time: Mospi

The government told the Rajya Sabha that the PAIMANA portal is helping ministries monitor project execution gaps and delays in real time, enabling timely intervention