Page 21 - Industry News

India's crude oil import bill rose 48% to $14.7 billion in June

India's crude oil import bill climbed to $14.7 billion in June as elevated global crude prices amid supply disruptions outweighed a decline in import volumes

TDB-RDI selects 22 deeptech startups with project cost of ₹4,744 crore

The Technology Development Board has backed 22 deeptech startups with ₹2,192 crore under the RDI Fund, supporting projects worth ₹4,744 crore across strategic sectors

Consumer sector saw 97 deals in April-June, volumes declined sequentially

India's consumer sector recorded 97 deals worth $981 million in the April-June quarter as deal volumes and values moderated sequentially amid a more selective investment environment

Line ministries are being apprised of project spillages in real time: Mospi

The government told the Rajya Sabha that the PAIMANA portal is helping ministries monitor project execution gaps and delays in real time, enabling timely intervention

Dharavi redevelopment SPV renamed Adani Navbharat Developers from July 16

The special purpose vehicle executing the Dharavi Redevelopment Project has been renamed Adani Navbharat Developers, with no change in ownership, governance or implementation

Coal gasification projects of over 22 MT capacity under implementation

Coal gasification projects with a combined capacity of 22.6 MTPA are operational or under implementation, with a new Rs 37,500 crore scheme aimed at accelerating capacity addition.

Pumped hydro storage of 16 GW capacity under construction: Power Ministry

Eleven pumped storage projects with a combined capacity of 15,870 MW are under construction and are scheduled for commissioning between December 2026 and May 2032

Indian firms spent over ₹17,000 crore on environmental CSR over last decade

Environmental CSR spending recovered after the pandemic but remains concentrated among a few large firms and falls well short of India's climate financing needs, a Sattva report said

Why Karlapat bauxite block has become a major prize for aluminium industry

India's biggest industrial groups are chasing one Odisha mine. What makes the Karlapat bauxite block so valuable, and why does it matter for the aluminium industry?

Uttar Pradesh govt targets ₹2,000 crore value addition in robotics

Uttar Pradesh plans a ₹2,000-crore gross value addition from its Noida robotics and AI hub in five years, targeting 100,000 jobs and boosting India's deep-tech ecosystem

Beyond petrol blending: How ethanol is being used across the world

India's ethanol story has largely revolved around E20 petrol, but from aviation and industry to clean cooking, the biofuel is finding new applications that could shape its next phase

Rajasthan plans overseas employment cell to boost jobs abroad for youth

Rajasthan to launch ROEFC to guide youth for overseas jobs with skill training, language support, international centres and safe migration assistance

Climate 'black swan' risks: Why investors are preparing for the worst

Climate risks are no longer just an environmental concern. Large investors are now studying whether climate tipping points could trigger sudden losses across financial markets

GLP-1 opportunity to lift domestic business at Indian pharmaceutical firms

The expanding domestic market for semaglutide-based weight-loss drugs is expected to help cushion weaker US sales for Cipla and Dr Reddy's after the loss of Revlimid exclusivity

Banks post modest treasury gains in Q1 despite softer bond yields

Banks booked modest treasury gains in Q1FY27 despite softer bond yields as they pared excess SLR holdings and sold government securities to support credit growth

Divi's Labs MD's payout tops ₹100 cr on commissions, leads industry peers

Divi's Laboratories MD Murali K Divi topped India's pharma executive pay chart in FY26 with ₹100.26 crore, driven almost entirely by profit-linked commission

Early birds set a strong Q1 tone as earnings growth hits an 11-quarter high

Early Q1FY27 results show corporate profit growth at an 11-quarter high, led by banks, Reliance Industries, IT services and metal companies

Banks align on Vodafone Idea's projections, seek promoter promise

Banks have largely agreed on Vodafone Idea's financial projections but want stronger promoter guarantees before approving ₹35,000 crore in fresh funding

AI data centres likely to be real-estate sector's next growth pillar

AI-led data centre investments are creating a long-term growth opportunity for real estate developers, though earnings gains are likely to materialise gradually.

Hydel projects to add 14,000 Mw by 2032-33, CEA Chairman reckons

CEA Chairman Ghanshyam Prasad says hydropower and pumped storage projects will underpin India's renewable energy expansion, with approvals and clearances being expedited