Page 235 - Industry News

Govt restores Rodtep export benefits for SEZs, EOUs starting June 1

Move reverses February decision and offers relief to exporters in SEZs and EOUs; FIEO calls it critical support amid global uncertainties and competitiveness issues

India to play a seminal role in setting 6G protocols by 2027: Scindia

Says India aims to contribute 10% of 6G patents by 2030; satcom companies must now define their own paths with policy and licensing frameworks already in place

Term life buyers opt for higher cover and avoid long tenure policies

Rising premiums for longer durations and features like smart exit prompt shift to shorter term insurance policies with higher sums assured of ₹2-5 crore

Mining, construction equipment sector to reach $45 bn by 2030: Report

India is now the fastest-growing MCE market among the top six global economies, surpassing even the US, Germany and Japan

UP govt to invest Rs 8,000 crore in Agra, Kanpur leather footwear parks

The parks, covering a combined 300 acres, will be developed with support from the central government. According to senior officials, land has already been identified for the projects

Chhattisgarh in talks with Medanta Hospital, Varun Beverages for investment

VBL is a key player in the beverage industry and one of the largest franchisees of PepsiCo in the world, barring the USA

Cement demand to fuel consolidation; top 10 firms to add 140 MMTPA: Moody's

The industry capacity will likely expand by a third in the next five years as leading companies increase capacity to cater to growing demand

Global capability centres fuel premium play in India's office space

Demand for Grade-A, ESG-compliant, smart offices on the rise

CII urges govt to establish centralised oversight mechanism for tribunals

CII recommends amending Tribunal Reforms Act to create a statutory central oversight body for performance, appointments, and governance across tribunals

Punjab trade hubs severely bear the brunt of India-Pakistan conflict

Industries reel, migrants depart, and political voices demand relief. A ground report from Attari, Ludhiana, and Jalandhar by Sarthak Choudhury

IFTRT bats for GST rate rationalisation to boost green logistics push

Calls for slashing of rates to promote green mobility, single tax slab for goods transport services

Indian tyre companies draw up road map to steer through tariff jitters

Despite low US exposure, Indian tyre makers are crafting mitigation strategies to address looming tariff threats and persistent margin pressures due to high input costs

With Jupiter in its orbit, Andhra Pradesh emerges as India's solar hub

State government attracts Jupiter Renewables' Rs 2,700-cr investment for solar manufacturing and is in talks with Tata Power, Waaree, and Vikram Solar

Jute industry eyes ECJ meet on June 3 amid tight supply, high prices

The ECJ will assess the 2024-25 jute supply-demand scenario and review prospects for the 2025-26 crop amid rising prices, hoarding, and delayed arrivals

India's renewable energy capacity grows 3-fold to 232GW in last decade

Sources mentioned that during the UPA regime, India was almost absent in the solar manufacturing scene, with a meagre 2GW of solar module production in 2014

Airtel approaches Jio, VIL on joint telecom initiative against fraud

Airtel has also urged all telcos to collaborate and collectively address the growing threat of deceptive and malicious scams targeting vulnerable individuals

CII bats for central oversight body to reform India's tribunal system

CII recommends establishing a central oversight body for tribunals to enhance efficiency, boost investor confidence, and improve ease of doing business in India

Geopolitical tensions to slow FY25 semiconductor design GCCs hiring: Report

The report by talent solutions provider Careernet revealed open positions peaked in May 2024 with 3,760 jobs before gradually tapering off to 3,040 by January 2025

Maharashtra unveils new EV policy aiming for 30% adoption by 2030

The transport department on Friday issued a government resolution announcing the new policy which will be in effect from April 1, 2025, to March 31, 2030

Property prices rose in 48 of 50 cities in Q4 FY25: NHB RESIDEX data

Eight key primary residential markets witnessed an appreciation in property prices during January-March 2025