Page 237 - Industry News
India-Pakistan tensions: Visa applications to Türkiye, Azerbaijan fall 42%
Visa applications to Turkey and Azerbaijan fall after diplomatic support for Pakistan; Indian travellers shift focus to Southeast Asia, led by metros and younger users
 "India-Pakistan tensions: Visa applications to Türkiye, Azerbaijan fall 42%")
Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports
Vedanta Chairman Anil Agarwal urged the government to impose a safeguard duty on aluminium imports, citing the metal's strategic role and rising global trade tensions
 "Vedanta Chairman Agarwal calls for safeguard duty on aluminium imports")
Hindalco to acquire coal block owner EMMRL for long-term fuel security
Hindalco will acquire EMMRL for ₹48 lakh and take on ₹1,131 crore debt to secure coal for its aluminium operations; Q4 and FY25 earnings also hit record highs
 "Hindalco to acquire coal block owner EMMRL for long-term fuel security")
Indian family businesses trust heirs but succession trends are shifting
HSBC report finds 88 per cent of Indian entrepreneurs trust next-gen with wealth, but few heirs feel obligated to join family businesses as legacy meets modernity
 "Indian family businesses trust heirs but succession trends are shifting")
Govt extends quality order deadline for electrical items to March 2026
The Department for Promotion of Industry and Internal Trade (DPIIT) said that the order would not apply to electrical appliances which fall under the scope of any other QCO
 "Govt extends quality order deadline for electrical items to March 2026")
New cost norms to aid accurate checks on predatory pricing, says CCI chief
Earlier this month, the Competition Commission of India (Determination of Cost of Production) Regulations, 2025 was notified
 "New cost norms to aid accurate checks on predatory pricing, says CCI chief")
Corp Affairs Min aims to finish probe into Gensol, related cos in 3-5 mnths
Gensol Engineering is under regulatory scrutiny for alleged fund diversions and governance lapses, with Sebi barring promoters Anmol Singh Jaggi and Puneet Singh Jaggi from markets in April
 "Corp Affairs Min aims to finish probe into Gensol, related cos in 3-5 mnths")
South Indian cities dominate GCC office leasing in Q1 CY25: Report
Bengaluru leads and it is followed by Chennai and Hyderabad; real estate trend spreading to smaller places too
 "South Indian cities dominate GCC office leasing in Q1 CY25: Report")
RIL, BP, Niko move SC to restore ₹12,800 cr gas arbitration award
The firms have challenged a Delhi HC ruling that cancelled an arbitration award favouring them in the KG Basin gas migration dispute with ONGC
 "RIL, BP, Niko move SC to restore ₹12,800 cr gas arbitration award")
India's dirty furnaces threaten global steel sector's net zero target
While China still dominates in terms of operating capacity, India is the most polluting steelmaker and has the largest pipeline, with more than 350 mn tonnes per year at various stages of development
 "India's dirty furnaces threaten global steel sector's net zero target")
Supreme Court dismisses telcos' plea for AGR waiver, says govt can help
Calls petitions by Vi, Airtel, Tata Tele 'misconceived'
 "Supreme Court dismisses telcos' plea for AGR waiver, says govt can help")
Peace tiptoes in, but businesses remain stalled near Attari-Wagah border
The shutdown of trade at the Attari-Wagah border has sparked concern among local shopkeepers and activists, prompting letters to the prime minister urging financial aid for those affected
 "Peace tiptoes in, but businesses remain stalled near Attari-Wagah border")
Telcos cry foul over Trai's 'complement, not compete' satellite stand
These conclusions were part of Trai's recommendation on pricing of spectrum for satellite services to the Department of Telecommunications (DoT), released a few days ago
 "Telcos cry foul over Trai's 'complement, not compete' satellite stand")
Bhutani Infra, Yashoda Hospitals in ₹1,000 cr JV for Noida project
Fully AI-integrated project in Greater Noida
 "Bhutani Infra, Yashoda Hospitals in ₹1,000 cr JV for Noida project")
Bangladesh import curbs won't hurt Indian textile majors, say experts
Experts say India's ban on land-route textile imports from Bangladesh will likely boost domestic sourcing, with minimal disruption to large retail companies
 "Bangladesh import curbs won't hurt Indian textile majors, say experts")
₹2,203 crore green push can ease Chennai's climate challenges: CSTEP
A CSTEP report says investing in nature-based solutions like wetlands, green rooftops and permeable pavements can mitigate flooding, heat and pollution in Chennai
 "₹2,203 crore green push can ease Chennai's climate challenges: CSTEP")
GeM to add global tendering, rate contract features on its portal
The addition of global tendering will allow international suppliers and vendors to participate in public procurement processes
 "GeM to add global tendering, rate contract features on its portal")
GS1 to roll out next-generation barcodes by 2027 to boost transparency
GS1 will replace traditional barcodes with advanced 2D formats by 2027 to enhance supply chain traceability, support recall tracking and integrate with smart technologies
 "GS1 to roll out next-generation barcodes by 2027 to boost transparency")
After techie's death, police summon Ola Krutrim manager in probe
Nikhil Somwanshi, a recent IISc graduate who joined Krutrim less than a year ago, allegedly died by suicide on 8 May amid reports of high-pressure work environment
 "After techie's death, police summon Ola Krutrim manager in probe")
Darjeeling tea woes deepen, pushing industry to an existential crisis
Darjeeling tea troubles date back to 2017, but problems are mounting now, leading to existential crisis
 "Darjeeling tea woes deepen, pushing industry to an existential crisis")