Page 207 - Industry News
Fossil to future: ONGC charts a bold path; pivots to LNG, renewables
As oil loses ground and an era of energy transition dawns, ONGC, India's flagship producer, has accelerated plans for renewables, biofuels, and nuclear ventures
 "Fossil to future: ONGC charts a bold path; pivots to LNG, renewables")
Affordable housing dream of millions in India gets closer to reality
RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored
 "Affordable housing dream of millions in India gets closer to reality")
Railways to release the reservation chart 8 hours before departure
To reduce uncertainty for waitlisted passengers, Indian Railways will now prepare charts 8 hours ahead of train departure with phased rollout starting this week
 "Railways to release the reservation chart 8 hours before departure")
India's SDG progress strong in health, education, inequality: Mospi report
The 2025 National Indicator Framework report shows improved outcomes in health, poverty, education and inequality, but highlights gaps in energy and social coverage
 "India's SDG progress strong in health, education, inequality: Mospi report")
50% eligible cos got telecom manufacturing PLI incentives till March 31
The Department of Telecom has disbursed Rs 1,162 crore for the telecom product-linked incentive scheme till March 31, this year
 "50% eligible cos got telecom manufacturing PLI incentives till March 31")
Karnataka bike taxi ban: Riders hold hunger protest, write letter to CM
According to the association, protests were held in Bengaluru, Mysuru, Mandya, Davangere, and Ramanagara, with several bike taxi riders participating
 "Karnataka bike taxi ban: Riders hold hunger protest, write letter to CM")
Amul becomes top Indian food brand, Mother Dairy second: Check full list
Amul also improved its standing in Brand Finance's list of top 100 Indian brands across all industries, securing the 17th rank
 "Amul becomes top Indian food brand, Mother Dairy second: Check full list")
New entrants intensify competition in paint industry with steep discounts
The industry, which also faced a demand slowdown from urban markets and downtrading, where consumers are moving towards more affordable options
 "New entrants intensify competition in paint industry with steep discounts")
India's ban on ships with Pak's cargo raises costs, delays freight: Report
Pakistani importers said the Indian ban has resulted in longer shipping times and higher freight charges
 "India's ban on ships with Pak's cargo raises costs, delays freight: Report")
Cement industry grows 9% in May; margins rise on stable input costs: Icra
The cement industry, which is facing a lower sales realisation, also reported a price growth of 8 per cent to Rs 360 per 50 kg bag in May 2025
 "Cement industry grows 9% in May; margins rise on stable input costs: Icra")
Power ministry launches task force to develop India energy stack platform
The India energy stack (IES) will play a vital role in integrating renewable energy, enhancing DISCOM efficiency, and delivering transparent, reliable, and future-ready power services
 "Power ministry launches task force to develop India energy stack platform")
GIC Re Dubai unit gets ₹90 cr VAT demand from UAE tax body, to seek review
The demand notice relates to discrepancies in VAT returns filed for January 2018 to December 2020, GIC Re said in a regulatory filing
 "GIC Re Dubai unit gets ₹90 cr VAT demand from UAE tax body, to seek review")
Airtel lags Jio in May net additions even as overall subscriber base rises
Jio added 2.7 million mobile and FWA users in May to reach 472.4 million, while Airtel gained just 275,000 subscribers, Trai data show
 "Airtel lags Jio in May net additions even as overall subscriber base rises")
Abandoned coal pits turn into fish farms, provide livelihood in Jharkhand
Out of 16, three pits each are located in Ranchi, Ramgarh, Hazaribagh, and two in Bokaro and one in Chatra district
 "Abandoned coal pits turn into fish farms, provide livelihood in Jharkhand")
MNRE revises norms for biomass programme to boost clean energy in India
Under the new framework, the ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements
 "MNRE revises norms for biomass programme to boost clean energy in India")
Torrent Pharma in advanced talks to acquire JB Chemicals from KKR
Torrent Pharma is negotiating to acquire JB Chemicals from KKR in a deal that may trigger an open offer, strengthening its position in the domestic pharma market
 "Torrent Pharma in advanced talks to acquire JB Chemicals from KKR")
Real wages rose most for managers, declined for clerks: CSEP study
Between 2017-18 and 2023-24, managers saw the highest real wage growth while clerks and graduates experienced wage decline, shows CSEP paper based on NSO data
 "Real wages rose most for managers, declined for clerks: CSEP study")
Beyond the regular 9-5 job: The rise of part-time bike taxi drivers
Rising inflation and stagnant wages are forcing salaried workers into the gig, before and after office hours
 "Beyond the regular 9-5 job: The rise of part-time bike taxi drivers")
ITC's FMCG biz clocks in consumer spend of over ₹34,000 cr in FY25
Consumer spend on ITC's FMCG brands grew 4.6 per cent to over Rs 34,000 crore in FY25, with rural demand holding up despite muted growth across the broader sector
 "ITC's FMCG biz clocks in consumer spend of over ₹34,000 cr in FY25")
Summer holidays put pressure on wallets as costs increase by 25-30%
Hotel, flight rates climb over increased demand, geopolitical disruptions
 "Summer holidays put pressure on wallets as costs increase by 25-30%")