Page 231 - Industry News
Indian steelmakers eye robust growth in FY26 but China clouds gather
Steel imports started dropping in the lead-up to the government's provisional safeguard duty - a measure aimed at protecting domestic producers from a flood of cheap imports
 "Indian steelmakers eye robust growth in FY26 but China clouds gather")
US sanctions on Russia likely to cripple India's crude oil imports
Russian grades constituted around 39% of India's oil imports in May
 "US sanctions on Russia likely to cripple India's crude oil imports")
Chhattisgarh biggest laggard in mobile ownership by women: NSO data
NSO data shows 92% women in Goa, Ladakh owned a phone, followed by Mizoram, Kerala
 "Chhattisgarh biggest laggard in mobile ownership by women: NSO data")
India hub for illegal online betting, sites got 5 bn visits in FY25: Report
The annual deposits in these illegal platforms is estimated to the tune of $100 billion, says the CUTS International report
 "India hub for illegal online betting, sites got 5 bn visits in FY25: Report")
Telcos slam Trai satellite spectrum charges as 'unjustifiably low'
Says proposals will create non-level playing field, impact sustainability of terrestrial services
 "Telcos slam Trai satellite spectrum charges as 'unjustifiably low'")
EY India Chairman and CEO Rajiv Memani takes over as CII president
The newly constituted National Council of the Confederation of Indian Industry at a meeting elected its new office bearers for the year 2025-26, CII said
 "EY India Chairman and CEO Rajiv Memani takes over as CII president")
LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25
Last week, LIC reported 38 per cent jump in net profit for January-March FY25 at record Rs 19,013 crore as compared to Rs 13,763 crore in the corresponding quarter in the previous year
 "LIC tops PSUs chart with record Rs 19,013 crore profit in Q4FY25")
India to raise agri, fisheries, investment facilitation issues at WTO meet
Since 2009, WTO's dispute settlement mechanism is not functioning properly as the US has stalled appointments of members in the appellate body
 "India to raise agri, fisheries, investment facilitation issues at WTO meet")
EY India Chairman Rajiv Memani takes over as CII President for FY26
He takes over from Sanjiv Puri, Chairman & Managing Director of ITC Ltd
 "EY India Chairman Rajiv Memani takes over as CII President for FY26")
Indian companies struggle to offer clarity, guidance on GenAI use: Report
Forty-two per cent of professionals in India view GenAI as a threat to job security, while the number inches up to 44 per cent when it comes to middle-level management
 "Indian companies struggle to offer clarity, guidance on GenAI use: Report")
Rainfall outlook, infra push to lift construction equipment demand: ICEMA
With the government focusing on infrastructure, ICEMA President said, I am sure that this year the growth will be in double-digit
 "Rainfall outlook, infra push to lift construction equipment demand: ICEMA")
Rare earth magnet crisis: India's auto sector to head to Beijing for talks
Indian auto leaders to meet Chinese officials next week, aiming to resolve rare earth magnet export delays that threaten electric vehicle production and supply chain stability
 "Rare earth magnet crisis: India's auto sector to head to Beijing for talks")
Mumbai's unsold luxury stock rises 36% Y-o-Y in Q1 '25, 1st time since 2022
As many as 8,420 luxury units priced over Rs 2.5 crore were unsold in the city in Q1 2025, compared to 6,180 units unsold during the corresponding period the previous year
 "Mumbai's unsold luxury stock rises 36% Y-o-Y in Q1 '25, 1st time since 2022")
India to revamp maritime rules for emission goals; shipping costs to rise
New regulations to align with IMO's net-zero targets will reshape ship design, port infrastructure, and training; compliance costs could reach $100 million annually by 2030
 "India to revamp maritime rules for emission goals; shipping costs to rise")
No Tobacco Day: Raising awareness about tobacco industry's deceptions
India ranks second in global tobacco-related deaths, with nearly 1.4 million fatalities annually
 "No Tobacco Day: Raising awareness about tobacco industry's deceptions")
FSSAI bans use of '100%' on food labels, says term misleads consumers
The Authority emphasised that such terminology is not only undefined under current regulations but also misleading and likely to create a false impression among consumers
 "FSSAI bans use of '100%' on food labels, says term misleads consumers")
Artificial intelligence watch: Tech middle managers stare at job blues
The fact that not only entry-level roles but also experienced positions can be impacted by automation and AI has sparked off uncertainty, nudging more people to reskill themselves
 "Artificial intelligence watch: Tech middle managers stare at job blues")
India likely to possess 46K graphics processing units in a fortnight
Results for the second round of GPU bidding were announced on Friday by Union Minister for Electronics and Information Technology Ashwini Vaishnaw
 "India likely to possess 46K graphics processing units in a fortnight")
Indian tourism sector to contribute 10% to India's GDP by 2030: Shekhawat
Tourism minister says rising aspirations, infrastructure and policy support will drive India's tourism sector towards 10% GDP share by 2030, in line with global benchmarks
 "Indian tourism sector to contribute 10% to India's GDP by 2030: Shekhawat")
IRB board approves asset transfer to InvIT fund worth Rs 8,450 crore
The three BOT assets -- IRB Hapur Moradabad Tollway, Kaithal Tollway and Kishangarh Gulabpura Tollway -- have an enterprise value of Rs 8,450 crore
 "IRB board approves asset transfer to InvIT fund worth Rs 8,450 crore")