Page 208 - Industry News

India's oil reforms to blunt US and European Union supply coercion

The government has no say in where the country's refiners source oil from because these are commercial transactions, the official reiterated

Govt set to log out real-money games; Bill to be tabled on Wednesday

The draft bill, however, calls for promoting e-sports and online social games, according to a source

Russian crude oil import largely stable despite US tariff announcement

Cargoes of crude oil for September delivery in India down 45% in August compared to July

Govt likely to tighten rules for money-based games in Online Gaming Bill

The draft Bill is likely to impose severe restrictions on online money games or online money gaming service offerings, including bank transactions

Marriott International, Flipkart stitch together dual-loyalty plan

Marriott International and Flipkart launch a dual-loyalty program for Indian consumers, allowing members to earn and exchange points, enhancing both brands' presence in India's growing travel sector

ECMS can raise semiconductor value addition to 20%: Ajai Chowdhry

Ajai Chowdhry highlights the government's Electronics Component Manufacturing Scheme, aiming to raise domestic value addition in semiconductor components from 3-5% to 15-20% in the next 3-5 years

Reliance Jio, Bharti Airtel hang up on 1 GB starter packs for new users

Exit clears path for 10-15% tariff hikes this year

India awards 862,000 TPA green hydrogen capacity, eyes 10% of global demand

India awards 862,000 TPA green hydrogen capacity to 19 companies, aiming to capture 10% of global green hydrogen demand by 2030, says Union Minister Shripad Naik at FICCI Green Hydrogen Summit

Express exports to US show 'small dips' after tariff, says EICI CEO

EICI CEO Vijay Kumar discusses the impact of the 25% tariff on Indian express exports to the US, noting small dips

Madhya Pradesh to emerge as hub for critical minerals: CM Mohan Yadav

CM Mohan Yadav said Singrauli's rare earth element reserves will make MP a hub for critical minerals, reducing India's reliance on China and boosting self-reliance in key technologies

Govt panel starts drafting rules for refurbished medical device imports

A high-level inter-departmental committee has begun discussions on regulating refurbished medical devices, balancing patient safety concerns with affordable healthcare access

NCLT declares Kapil Wadhawan bankrupt; what's next for DHFL's ex-promoter

NCLT declares Kapil Wadhawan bankrupt following a Rs 4546 crore default by DHFL, imposing severe personal and professional consequences

Construction costs surge 40% since 2019; experts call for GST reforms

Construction costs in India's affordable housing sector have surged 40% since 2019, squeezing developer margins. Experts suggest GST reforms could ease costs and protect housing affordability

E-comm, tech start-ups lead fresher hiring with 88% intent in H2 2025

The shift is attributed to AI-led workforce restructuring, global trade uncertainties, and a strategic focus on retaining experienced talent in core industries

AI adoption spreads across sectors as Indian workforce seeks upskilling

A new survey has found that 43 per cent of respondents feel confident about adapting to technologies such as Generative AI and Agentic AI over the next two to five years

UK's Compass plans to increase India staff as GCCs continue driving growth

The caterer is focusing on global capability centres (GCCs), which were over half its new clients last year, as multinationals expand in India for finance, tech, and R&D talent

Tyre makers expect H2 FY26 rebound on festive demand, rural recovery

Apollo, Ceat and JK Tyre expect demand to pick up in H2 FY26 on festive buying, rural recovery and steady replacement demand, though uneven rainfall weighs on tractor sales

Real money gaming firms on shaky grounds after increased 40% GST

Several players in the industry said that they would be either forced to move their business offshore or shut down

India curbs solar output to stabilise power grid amid low demand: Ministry

The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows

Mobile phone makers pitch for 5% GST in rate revamp to spur demand

Industry bodies representing device makers had earlier this year petitioned the finance ministry for a shift to 12 per cent, as the government reviewed GST rate slabs