Page 22 - Industry News

Drug companies seek NPPA price revision for cancer drugs amid shortage

Oncology drugmaker says soaring platinum prices, higher import duties and lengthy import approvals have made production financially unviable, worsening shortages of key chemotherapy medicines

High spirits: Indian liquor brands bet on premium buzz in Hindi heartland

Liquor makers are targeting the Hindi heartland as rising incomes, policy reforms and evolving tastes fuel demand for premium spirits and craft alcohol

How FSSAI's vegan logo mandate could impact India's plant-based food market

The move goes beyond packaging, with experts suggesting it could improve consumer trust, curb misleading claims and support category growth

Sigma Advanced Systems bags ₹208 crore export order for artillery shells

Defence manufacturer will supply 40,000 artillery shell bodies to a North American customer over the next six months, marking its expansion into ammunition component manufacturing

Scheme to build bulk drugs' R&D, capacity in works, says Pharma secy

India plans a new support scheme for bulk drugs focused on R&D and capacity creation, while ruling out a broad medicine price hike despite rising input costs

India's energy demand boom to reshape global markets: Rosneft chief

Speaking of our strategic partners, I would like to specifically mention India. Today, India's economy is one of the key drivers of global energy consumption growth, he said

Indian firms got less govt support than Chinese peers in 2005-24: Report

Between 2005 and 2024, Chinese firms received on average three to eight times more government support than Indian firms

Odisha orders itensified crackdown as audits flag massive mining losses

State directs surprise inspections and tighter surveillance after audits and investigations flag large-scale illegal mining, royalty evasion and mineral transportation irregularities

'Uzbekistan can offer incentives for Indian pharmas to boost investments'

Tax incentives and subsidies for technology transfer, and export-oriented production could further encourage investment, said Deputy Minister of Investment, Industry and Trade

Govt mandates standard edible oil pack sizes for easier comparison

The decision follows extensive consultations with major edible oil industry associations representing nearly 90 per cent of the country's edible oil sector

Bridge Green launches Tamil Nadu's first critical mineral recovery facility

Bridge Green Upcycle has inaugurated Tamil Nadu's first dedicated critical mineral recovery plant for spent lithium-ion batteries, with plans to invest up to ₹1,000 crore over five years

Google leases 617,000 sq ft in Atrium Place, to pay ₹671 cr over 5 years

The lease includes a 15 per cent rent escalation every three years, the documents registered in April 2026 showed

Gurugram to get India's tallest building under Haryana's Global City plan

HSIIDC has identified a 6.7-acre plot in Haryana's Global City project for a proposed 620-700 metre mixed-use tower that could become India's tallest building

Domestic plants to meet half of India's semiconductor demand by FY35: Meity

NITI Aayog projects that India's semiconductor demand will hit $206 billion by 2035 - a five-fold jump from the estimated $44 billion in FY26

Govt's cybersecurity efforts get Anthropic's Claude Mythos boost

Central agencies like I4C and Cert-In, as well as some IT firms, to get limited access for AI model testing and deployment

Technology company AirTrunk to invest ₹3 trillion in India: PM Modi

AirTrunk is a hyperscale data centre specialist creating a platform for cloud, content and large enterprise customers across the Asia-Pacific and Middle East (APME) region

Hardeep Puri launches E85 fuel; to be 20% cheaper than E20 petrol

E85 fuel will initially be available at 48 outlets and is planned to reach 5,000 retail pumps by December 2027, supporting higher ethanol blending levels

Royalty payable at dispatch rate, not contract rate, says Supreme Court

The Supreme Court has ruled that mineral royalty is payable at the rate prevailing on the date of dispatch or removal, regardless of earlier contractual terms

STT Global Data Centres acquires land in Navi Mumbai for ₹282 crore

Acquisition of the Navi Mumbai site adds to rising data centre investments in MMR, where operators continue to secure land for future capacity expansion

RBI's rate pause seen supporting housing demand, project execution

Real estate developers and consultants said RBI's decision to keep rates unchanged will support housing demand, project execution and investor confidence despite rising cost pressures