Page 232 - Industry News

Foreign technical partners to have 1st right of refusal on oil finds: Puri

Petroleum minister cites ONGC-BP and Oil India-Petrobras deals as models where foreign technical partners will be given priority rights on oil or gas discoveries

IRB InvIT Fund acquires 3 BOT assets from IRB Infra Trust for Rs 4,905 cr

IRB InvIT to acquire three BOT highway assets for Rs 4,905 crore, doubling its enterprise value to over Rs 16,000 crore and extending portfolio life to 17 years

Centre to aid development of indigenous thrombectomy device for stroke

Technology Development Board to fund S3V Vascular Technologies for manufacturing India's first thrombectomy device, aiming to reduce import dependency and boost stroke care

The menu gets bigger: After metros, top restaurants enter new markets

Despite having multiple brands, many restaurateurs are choosing to focus their expansion efforts around one marquee name

Flipkart expects 200 million visits as 'End of Season Sale' begins

The Walmart-backed firm is offering products from over 70,000 brands and sellers, featuring 1,000-plus curated style trends across apparel, beauty, and lifestyle

Whiteland Corp launches Marriott's first branded residence in Gurugram

Planned investment of ₹5,600 crore and projected topline of ₹15,000 crore, the development will include 1,700 Westin-branded residences with no hotel component

Steel & ferro-alloy industry seeks Bengal CM's help over power tariff hike

Trade bodies in West Bengal's steel sector urge CM Mamata Banerjee to intervene as a steep power tariff hike by DVC threatens operations, jobs, and the survival of crucial industrial units in state

Indian hospitality RevPAR up 16.3% in Q1 as sector adds 9,500 keys: JLL

JLL report shows strong investor interest with 79 hotel signings, tier 2 cities leading the growth, and Bengaluru topping RevPAR charts due to Aero India 2025

AM/NS India launches two new patented steel products under Optigal

AM/NS introduces Optigal Prime and Pinnacle with high corrosion resistance and eco-friendly features, aiming for 25% share in India's colour-coated steel market

Paper imports cross 2 MT in FY25, posing challenges for local players: IPMA

This surge in imports has emerged as a significant challenge for the domestic paper industry, undermining its growth potential and threatening investments in capacity expansion

Indian outbound travel fuels hospitality sector in APAC locations: Colliers

Asia Pacific hospitality investments remain resilient in Q1 2025; India emerges as key growth market

Consumer rights body issues guidelines for online sale of walkie-talkies

Central Consumer Protection Authority earlier sent 13 notices to various ecommerce companies for selling radio equipment, including walkie-talkies, without 'regulatory compliance'

India's May diesel exports to SE Asia hit multi-year high on strong margins

Increased diesel from India, one of the largest suppliers in the region, is cooling spot premiums for the fuel in Asia

DTH firms under pressure as govt demands Rs 16,000 cr as licence fees

Sector is battling shrinking revenue and subscriber base; its representatives say ministry notices are not legally enforceable

Rajasthan govt prepares action plan to auction minor mineral plots

Rajasthan prepares action plan for minor mineral plots auction

India's first AI SEZ to be set up in Nava Raipur with ₹1K cr investment

It will be a special area, which is being prepared only for the development and operation of technologies related to AI and computer data, a senior state government official said

MHI moves closer to rare earth magnet scheme, calls June 3 stakeholder meet

The industry group also suggested a delegation of auto-company representatives go to China to take up the matter with the authorities there

IBC drives major behavioural shift in corporate credit culture: IIM-B study

The study is based on the comprehensive draws on a wide dataset covering corporate insolvency resolution proceedings sourced from the Insolvency and Bankruptcy Board of India

Apple to open third India retail store at Bengaluru's Phoenix Mall

iPhone maker leases 8,000 sq ft in Phoenix Mall of Asia

Vivo became top smartphone choice in India in Q1CY25, shows data

In the global market, Vivo phones do not make it to the top-10 list, and only Xiaomi's Redmi 14C 4G is the lone Chinese brand standing in the list at number eight