Page 212 - Industry News
Mixed Q1 results for top drug firms amid price erosion, tariff threat
Fresh launches boosted growth for players like Lupin, Torrent
 "Mixed Q1 results for top drug firms amid price erosion, tariff threat")
Govt, NITI Aayog to revise toll fee framework amid overcharging complaints
PAC seeks time-bound completion of study, full audit of NHAI amid plaints
 "Govt, NITI Aayog to revise toll fee framework amid overcharging complaints")
India's solar module capacity has hit 100 GW mark: Pralhad Joshi
The progress brings India close to its vision of having 500 GW of non-fossil fuel-based capacity by 2030, the Minister for New and Renewable Energy (MNRE) said in a post on X
 "India's solar module capacity has hit 100 GW mark: Pralhad Joshi")
Rapido launches Ownly app, enters food delivery with zero-commission model
Ride-hailing firm Rapido debuts its Ownly app in Bengaluru, challenging Swiggy and Zomato with a zero-commission model for restaurants
 "Rapido launches Ownly app, enters food delivery with zero-commission model")
Salesforce merges CFO, COO roles as leaders embrace AI strategically
Robin Washington says merging CFO and COO functions improves business insight; Salesforce study finds APAC CFOs rapidly adopting AI for growth and efficiency
 "Salesforce merges CFO, COO roles as leaders embrace AI strategically")
SC orders SIT probe into Noida land compensation payout irregularities
The court also directed that there will be no project development in Noida without prior Environmental Impact Assessment and approval by the Court's green bench, which hears environmental cases
 "SC orders SIT probe into Noida land compensation payout irregularities")
IndiGo CEO urges visa, travel reforms to boost India's inbound tourism
Pieter Elbers says India must simplify visas, improve ease of travel and revive campaigns to attract more foreign visitors
 "IndiGo CEO urges visa, travel reforms to boost India's inbound tourism")
Tourism minister urges collective action to clock 20 million FTAs
Over the three years, India has moved up to the 39th position in 2024 from 54th position on the World Economic Forum's TTDI
 "Tourism minister urges collective action to clock 20 million FTAs")
IBBI proposes assignment cap for insolvency professionals to cut delays
As of March 31, 2025, out of 4,527 registered IPs, 2,198 held valid authorisations for assignment, with many juggling multiple roles alongside their regular practice
 "IBBI proposes assignment cap for insolvency professionals to cut delays")
GCC business contributes 10% to Coforge revenue amid growing demand
Maddee Hegde, executive vice president and head of the company's business process service (BPS) and GCC units, told Business Standard in an interaction-Coforge is focusing in its core verticals
 "GCC business contributes 10% to Coforge revenue amid growing demand")
Gem, jewellery exports rise 15.98% to $2.17 billion in July: GJEPC
Overall gem and jewellery exports stood at USD 1,878.09 million (Rs 15,700 crore) in the corresponding month of 2024, according to data shared by GJEPC
 "Gem, jewellery exports rise 15.98% to $2.17 billion in July: GJEPC")
IBC Bill proposed wider look-back period for preferential transactions
Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process
 "IBC Bill proposed wider look-back period for preferential transactions")
Asci asks media companies to label paid posts shared on social media
The self-regulatory organisation (SRO) for the advertising industry has expressed growing concerns about promotions being perceived as editorial content
 "Asci asks media companies to label paid posts shared on social media")
IBBI urges CoCs to scrutinise information memorandums of insolvent firms
The regulator has also sought audit extracts from creditors to help resolution professionals prepare complete and reliable IMs for corporate insolvency cases
Independence Day long weekend: Hotel occupancy, room rates set to surge
Top trending domestic destinations are Goa, Udaipur, Jaipur, Puri, Lonavala, Varanasi, Coorg, Mahabaleshwar, Ooty and Pondicherry
 "Independence Day long weekend: Hotel occupancy, room rates set to surge")
Sugar trade body AISTA seeks export quota reform to boost shipments
Sugar exports are currently on a restricted list, with the government controlling volumes through quotas distributed proportionally among mills
 "Sugar trade body AISTA seeks export quota reform to boost shipments")
US tariff impact: Diamonds, shrimps, textiles most vulnerable, says Crisil
Crisil says 50% US tariff on Indian imports will severely impact diamond polishing, shrimp, home textiles, and carpets, with other sectors facing manageable to moderate risk
 "US tariff impact: Diamonds, shrimps, textiles most vulnerable, says Crisil")
Tariff turbulence: Tanned hides, tug toys, trade sacks on Trump tightrope
The second in a series focuses on Kanpur's leather hub, pet goods makers, and FIBC exporters walking a fine line under the weight of 50% US duties
 "Tariff turbulence: Tanned hides, tug toys, trade sacks on Trump tightrope")
Pvt players likely to have limited access to data from GatiShakti portal
Private players to get limited, non-downloadable access to national masterplan portal data
 "Pvt players likely to have limited access to data from GatiShakti portal")
No option for global firms but to come to India: Brookfield's Alok Aggarwal
The need for companies to outsource is fundamental. There's no option for global firms but to come to India. India is a pool of talent. India's gross office absorption has been around 90 msf
 "No option for global firms but to come to India: Brookfield's Alok Aggarwal")