Page 203 - Industry News

59% users say app taxi services still unfair despite new govt rules: Survey

A nationwide survey reveals 59% of app-based taxi users still face issues like ride cancellations, surge pricing, and poor driver behaviour, despite new government rules aimed at reforming the sector

Foxconn's Chinese engineers called back, disrupting Apple's India expansion

Over 300 Chinese engineers working at Foxconn's India iPhone plants have been called back, potentially slowing Apple's local expansion as it ramps up production of the upcoming iPhone 17

Israel-Iran conflict couldn't change trajectory of global oil flows: S&P

S&P expects global oil supply to exceed demand by 1.2 million b/d in H2 2025 and Brent to average $50-$60 per barrel as OPEC+ unwinds cuts and demand growth remains weak

India to build three new strategic oil reserves to boost energy security

The new strategic oil reserves in Bikaner, Mangalore and Bina will boost emergency stockpiles, enhance energy security and aid India's push for International Energy Agency membership

Ministries, firms from 20+ nations to join India Energy Storage Week 2025

IESW 2025 will also explore emerging and futuristic energy storage technologies, including VRFB, solid-state batteries, Lithium Sulphur, Sodium Ion and other technologies from across the globe

Captive and commercial coal mines post 16.3% rise in output in Q1

Coal production rose 16.39 per cent Y-o-Y in Q1 FY26 with 15.57 MT output in June as Utkal A mine got operational clearance and over 200 blocks were allocated so far

India's tyre exports rise 9% to ₹25,051 cr in FY25 despite global headwinds

India's tyre exports in 2024-25 increased by 9% year-on-year, reaching Rs 25,051 crore compared to Rs 23,073 crore in the previous fiscal, ATMA said, citing data released by the Ministry of Commerce

Office space demand from GCCs up 24% at 31.8 mn sq ft in FY25: Vestian

GCCs accounted for 42 per cent of the pan-India absorption in 2024-25, registering a marginal increase from 41 per cent a year earlier

Real money gaming sector seeks unified regulatory playbook amid scrutiny

Currently, states such as Tamil Nadu, Karnataka, Chhattisgarh, and Maharashtra are at varying stages of enforcing their own rules for the industry

Datanomics: India's import ban sharply alters Bangladesh's jute maths

India's jute exports exceed its imports, with key buyers including the U.S. (23 per cent), France (9 per cent), and the Netherlands (6 per cent) in FY24

CCI orders probe into Asian Paints over alleged abuse of dominance

CCI finds prima facie evidence of anti-competitive conduct by Asian Paints after Grasim alleges dealer coercion, denial of market access and other unfair practices

NARCL's stressed asset acquisitions set to cross ₹1.68 trillion

The NARCL has been set up to clean up the legacy stressed assets with an exposure of ₹500 crore and above in the Indian banking system

Delhi High Court revives Crocs' plea against Indian footwear companies

Delhi HC overturns 2019 ruling, revives Crocs' design plea against Bata, Relaxo, Liberty and others for allegedly copying its foam clogs' shape and perforation

CCI approves Coromandel's acquisition of stake in NACL Industries

In March this year, Coromandel International announced the acquisition of a majority -- 53 per cent -- stake in NACL Industries Ltd for Rs 820 crore

CCI approves GIC's move to acquire 2.14% stake in Groww ahead of IPO

Groww, which operates an online trading platform, offers stock trading, mutual fund investments and other financial instruments. The company also has an asset management business

Kolkata's Luxmi Group acquires majority stake in UK's Brew Tea Co

Luxmi Group partners with Brew Tea Co. to strengthen sourcing and build a direct farm-to-cup model focused on whole-leaf, hand-rolled tea

Housing sales to remain steady at 10-12% on luxury demand, low rates

Crisil report says demand will rebound in FY26 driven by premium and luxury housing across major micro markets; affordable housing launches remain limited

CCI approves British Int'l investment in ReNew Photovoltaics solar business

British International Investment plc is a development finance institution, wholly owned by the UK Government, which provides scarce and patient capital to private sector entrepreneurs

India should have 10% of 6G patents by 2030, says Chandra Pemmasani

Minister Pemmasani says India must lead global 6G innovation with 10% patents by 2030 as Bharat 6G Vision, 5G labs and open-source platforms drive R&D push

India's iron ore production rises marginally to 53 mmt in April-May

The production of manganese ore, bauxite, zinc concentrate and limestone rose in the April-May period of the ongoing financial year