Page 202 - Industry News

CITI seeks govt aid to help textile exporters cope with 50% US tariffs

CITI has urged the government to extend immediate fiscal support to textile exporters hit by US tariffs, warning of risks to jobs, forex earnings and export targets

Aurobindo unit gets UK nod for biosimilar breast cancer drug Dazublys

CuraTeQ Biologics, a subsidiary of Aurobindo Pharma, has secured UK MHRA approval for its trastuzumab biosimilar Dazublys, used in HER2-positive breast and gastric cancer treatment

Decriminalising offences under Apprenticeship Act to boost skilling

Under the amended section 30, there will be advisory for first-time offenders and censure for subsequent offences, and thereafter, leading to penalties, if any

No significant impact of US tariffs on RE equipment exports: MNRE Secy

MNRE Secretary Santosh Kumar Sarangi said US tariffs will not hit India's renewable exports due to low volumes, as the country pushes ahead with offshore wind and new projects

Hudco cancels ₹3,000 cr bond issue as investors demand higher yields

Hudco scrapped its Rs 3,000 crore bond issue after investors sought higher yields, reflecting hardened corporate bond rates in line with rising government securities

Trump's digital tax warning: Task cut out for US tech giants in India

Tech giants navigate evolving trade tensions as India maintains commitment to a balanced regulatory approach

Companies line up RE projects worth ₹43,358 crore in Andhra Pradesh

Andhra Pradesh cleared Rs 43,358 crore of renewable projects totalling 2,600 MW under its ICE Policy, with major investments from Navayuga, Serentica, Hexa, and Brightfuture

Competitiveness may be hit on GST rejig: Medical devices industry

AIMED said GST changes could hurt domestic medtech competitiveness and tilt the market towards imports, urging balanced tax slabs, refund reforms, and a higher Health Cess

Gems and jewellery sector seeks RBI relief as 50% US tariffs hit exports

Facing a 50% US tariff on exports, the gems and jewellery sector has asked the RBI for loan relief and EMI support, warning of payment delays, job losses and sector-wide stress

India finalising CCUS Mission roadmap; experts call for LNG contracts

The government is finalising the CCUS Mission roadmap and outlay as experts highlight the importance of long-term LNG supply contracts and domestic gas production for energy security

US pharma tariffs unlikely to hit Indian drugmakers materially: Ind-Ra

Says sector fortified with sound financial position, diversified biz model

Casio India eyes mid double-digit growth, expands local manufacturing

Casio India expects mid double-digit growth and stronger festive demand, while doubling local manufacturing and launching its first automatic watch under the Edifice label

Govt may pay ₹4,500 crore annually to toll operators for FASTag pass

ICRA said the annual FASTag pass will cost the government Rs 4,200-4,500 crore in compensation to toll operators, though relief for commuters will be limited to private vehicles

Gameskraft suspends Rummy Culture, will not challenge India's RMG ban

Gameskraft, operator of Rummy Culture, has suspended all RMG services and said it will not legally challenge the new gaming ban while ensuring user withdrawals remain available

NCLAT judge alleges pressure from senior judge, recuses himself from case

The bench was hearing an appeal filed by A S Reddy, suspended director of Hyderabad-based KLSR Infratech, which is facing Corporate Insolvency Resolution Process (CIRP) under the IBC

Centre tightens wheat stock norms for wholesalers, retailers and processors

Processors will be allowed to maintain 60 per cent instead of 70 per cent of their monthly installed capacity multiplied by the remaining months of this fiscal year

83% Indian professionals trust peers over AI in decisions: LinkedIn survey

A LinkedIn survey shows Indian professionals value intuition and trusted peers over AI for key decisions, even as AI adoption grows across tasks, skills, and career priorities

India's wind energy capacity set to reach 107 GW by 2030, says GWEC

The latest report, Wind at the Core: Driving India's Green Ambitions and International Influence, was unveiled in the presence of New & Renewable Energy Secretary Santosh Kumar Sarangi

SpaceX to launch Indian startups Pixxel, Dhruva Space satellites into orbit

The SpaceX Falcon 9 will launch OHB Italia's NAOS (National Advanced Optical System) spacecraft on a rideshare mission alongside seven other satellites

ICRA sees India Inc credit profile steady in Q2FY26, US tariffs weigh

India Inc's credit profile is set to remain stable in Q2FY26 with improved margins and ICR, but US tariffs and global tensions could delay the private capex recovery