Page 209 - Industry News
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%")
Over 99% new telecom subscribers join Reliance Jio, Airtel network in May
The overall growth in subscriber base was mitigated by loss of subscribers by debt-ridden Vodafone Idea (Vi) and public sector firms BSNL and MTNL
 "Over 99% new telecom subscribers join Reliance Jio, Airtel network in May")
ONGC contains gas leak at Assam's Rudrasagar well site on 15th day
ONGC, with support from US experts, successfully capped a gas leak at the Rudrasagar field in Assam's Sivasagar district, prompting evacuation of over 1,500 people
 "ONGC contains gas leak at Assam's Rudrasagar well site on 15th day")
Govt, industry hold talk on issues over marketing code for medical devices
Medical device companies raise issues with the DoP over UDMPMD norms related to disclosure of training expenses and restrictions on overseas training approvals
 "Govt, industry hold talk on issues over marketing code for medical devices")
ESIC approves one-time amnesty scheme to cut litigation, boost ESI
The one-time amnesty scheme and re-launch of SPREE aim to reduce litigation, promote compliance and expand ESI coverage among unregistered employers and workers
 "ESIC approves one-time amnesty scheme to cut litigation, boost ESI")
DoT proposes new cybersecurity rules to combat mobile number fraud
The Department of Telecommunications has proposed new cybersecurity rules to curb fraud by verifying mobile numbers through a new validation platform and empowering government agencies
 "DoT proposes new cybersecurity rules to combat mobile number fraud")
Northeast can be national model for sustainable mining: G Kishan Reddy
At a conclave in Guwahati, G Kishan Reddy said the Northeast can lead India's sustainable mining drive as Centre backs real-time enforcement and resource mapping
 "Northeast can be national model for sustainable mining: G Kishan Reddy")
Changing skill demands: Era of big bench strength at IT firms may be over
Companies such as Infosys, Wipro, Cognizant, and Tech Mahindra have maintained their IT utilisation rates at around 85 per cent over the past couple of years
 "Changing skill demands: Era of big bench strength at IT firms may be over")