Page 23 - Industry News

Datanomics: India's milk production increases faster than consumption

Union Home and Cooperation Minister Amit Shah laid the foundation stone of a dairy plant worth Rs 255 crore in Madhya Pradesh on October 3

GST Council may give export status to clinical trials for overseas sponsors

Proposals include ITC relief on free samples and expired drugs, while a 90% refund of accumulated credit could ease working-capital pressure for drugmakers

Scindia pitches India as global base for innovation and production

Telecom Minister Jyotiraditya Scindia says the convergence of connectivity, digital public infrastructure and AI can drive economic empowerment and global-scale capabilities

FSSAI asks states to step up food inspections ahead of festival season

The regulator wants enforcement officials to focus on hot spots, deploy Food Safety on Wheels vehicles in markets and record all inspection data in real time

CIL steps up coal supplies to power plants amid availability concerns

Power-sector coal despatches rose 10.6 per cent year-on-year in September, while daily supplies remained robust in early October as CIL drew down pithead inventories

CSM Technologies deploys nationwide mineral royalty system in Kenya

The digital platform enables declaration, assessment, payment and monitoring of mineral royalties, aiming to improve transparency, compliance and revenue administration

Govt invites applications from eligible firms to set up mineral exchanges

IBM has invited applications from eligible companies to establish mineral exchanges, with the platforms initially allowed to facilitate trading in five minerals

Affordable access must be a right; telecom showed the way: Scindia

Internet users have risen from around 250 million earlier, to over 1.1 billion today, while broadband connections have crossed the one-billion mark, he said

Coimbatore MSMEs seek steel duty relief as raw material prices surge

Industry associations have sought a six-month relaxation of steel import duties and quality control orders, along with government steps to improve raw-material supplies

RIICO land auctions fetch ₹569 crore from 128 investors in Rajasthan

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

India plans first offshore wind farm prototype off Tamil Nadu coast: Report

The proposed project is expected to help India build experience in the technical and logistical challenges of offshore wind development

India nears cold-storage goal, but first-mile gaps remain: Ficci-GT Bharat

With 40.22 million tonnes of cold storage capacity, India is near its long-term target, but three-quarters is used for potatoes and losses remain high before produce reaches the first cold point

UltraTech becomes first Indian company with 2 GW green power capacity

The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka

Housing launches outpace sales for 16th straight quarter: Knight Frank

Sales across the top eight cities held at 258,238 units, with NCR down 11 per cent even as homes priced above ₹1 crore increased their share of demand

WeWork India expands Bengaluru, Pune footprint with two new centres

The new Whitefield and Wakad centres add around 2.25 lakh sq ft to WeWork India's portfolio, taking its network to 79 centres across eight cities

Raymond Realty sees 98% Q2 pre-sales growth, keeps leverage below ceiling

The developer said growth came entirely from sustenance sales, while collections rose 67 per cent and two Mahim projects worth over ₹4,100 crore are lined up

Festive demand, higher fuel costs: Domestic airfares rise as flights narrow

Domestic airfares are rising sharply as festive travel demand grows, while fewer flights on some routes and higher aviation fuel costs push ticket prices higher

Indian IT companies acquire GCCs to boost revenue as growth falters

IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts

Wall Street's $10 billion India hospital bet sparks a fight over bills

Blackstone, KKR, TPG, General Atlantic and other global investors have spent about $10 billion buying stakes in Indian hospital chains over the past five years

AI deal frenzy powers Hong Kong fundraising to a record in Jul-Sep

IPO, placement and block-trade fundraising hits a quarterly record despite stock sell-off and rising bond yields