Page 227 - Industry News

India's renewable energy capacity rises 17% to 227 CW in May: Joshi

The renewable energy capacity has surged 17.13 per cent year-on-year to 226.74 GW in May from 193.58 GW in the same month last year, as per the data shared by the minister in his post

IIGC launches Code of Standards to govern influencer-brand deals

The Indian Influencer Governing Council's new code mandates disclosure of partnerships, regulates virtual influencer use, and introduces contract templates for brands

Cyient, AICTE sign MoU to build innovation cluster in Visakhapatnam

The three-year initiative aims to develop higher education institutions into regional innovation hubs with support from industry, startups, and the government

AC industry to adopt temperature norms at no extra cost, seeks six months

Implementation will require manufacturers to reprogram devices or deploy software to comply with the revised temperature settings

India's natural gas consumption to more than double by 2040: PNGRB study

Consumption of natural gas is projected to rise to 496 mmscmd by 2040 under the same scenario.

India's AI market set to triple, may cross $17 billion by 2027: Report

The nation makes up 16 per cent of the world's AI talent, placing it behind only the US, reflecting both its demographic advantage and strong STEM education system

India's coal import drops 4.4% to 24.95 MT in April, up from March

According to data compiled by B2B e-commerce company mjunction services ltd, coal import in April was up 9.48 per cent as against 22.79 MT in March 2025

Tea exports from India rise 9.92% to 254.67 mn kg in 2024 on higher output

According to the latest data released by Tea Board, production in the north Indian estates during calendar 2024 stood at 154.81 million kg, as compared to 141 million kg in the preceding year

Govt to increase checks on quick commerce dark stores amid hygiene issues

FSSAI to lead surprise inspections as complaints about poor hygiene and expired products in dark stores mount; packaged food brands urge quick commerce platforms to improve standards

Byju's offloads US assets at steep loss amid mounting financial crisis

Byju's subsidiaries Epic and Tynker were acquired by TAL Education and CodeHS for $95 million and $2.2 million after a 48-round auction, as a part of ongoing bankruptcy proceedings in the US

India's state oil refiners may order tankers worth $600 mn for domestic use

Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to jointly issue a tender later this year for the medium-range tankers

Grasim: Investors bet on paints, ignore weakness in core business

Investors and analysts are betting on a fast ramp-up in paints division and its e-commerce venture of selling construction goods

Hospitals raise cybersecurity spend amid rising attacks, AI adoption

As cyber threats grow more advanced, hospitals are raising cybersecurity budgets, adopting AI-driven tools and preparing for stricter healthcare data regulations

Govt plans additional Rs 5,400 crore VGF to create 30 GWh battery storage

Centre also extends ISTS charges waiver for BESS and storage projects till June 2028, plans 1,100 kV UHV lines and revises RoW compensation linked to land value

TA Associates exits AU Small Finance Bank; sells 1.26% stake for ₹714 cr

According to the bulk deal data available on the BSE, US-based TA Associates through its arm TA FDI Investors sold 93.90 lakh shares

Capgemini to help Dai-ichi Life set up GCC in India for digital boost

Dai-ichi Life signs multi-year pact with Capgemini to build a global capability centre in India to accelerate digital transformation and tap into advanced tech talent

Real wage growth likely to taper to 6.5% in FY26: India Ratings

India Ratings expects wage growth to moderate next year as inflation remains stable and monsoon conditions hold, with a slight slowdown in private consumption growth

Dedicated PLI scheme for green HEMMs vital to boost investment: Report

The scheme should prioritise high-value components with significant import dependence and offer graded incentives linked to value addition and indigenisation levels

China's rare earth ban to have short term hit; seeking alternatives: Goyal

Union Minister Piyush Goyal said that the Indian embassy is in dialogue with China and the commerce ministry is also working on the issue

Corporate India's hiring outlook steady for Jul-Sep quarter: Report

The net employment outlook is calculated by subtracting the percentage of employers who anticipate reductions in staffing levels from those who plan to hire