Page 238 - Industry News

Semicon 2.0: India eyes 5% slice of global semiconductor chip pie by 2030

A senior official in the Ministry of Electronics and Information Technology (Meity) said: "We have just begun and have a long road ahead

Apollo in talks to invest $750 million in Adani's Mumbai Airport bonds

The MIAL bond issuance is likely to close in the next few weeks and has drawn interest from several US-based financial institutions led by Apollo

Mumbai metro trying to extract monopolistic rents for mobile network: COAI

COAI, in a statement, said that in order to minimise disruptions, telecom service providers had offered a common network for facilitating mobile connectivity which has been ignored by the Mumbai Metro

Trump's plans to cut drug prices in US may impact Indian pharma landscape

Trump's executive order, dated May 12, seeks to establish a mechanism through which American patients can buy their drugs directly from the manufacturers

Indian Biogas Association hails govt move to hike procurement price of CBG

However, it stated that the hike is less than the anticipated and hoped for another upward revision soon

AEPC inks pact with GBIC for climate-friendly garment manufacturing

The MoU aims to increase the number of Indian garment factories with LEED certification, reflecting a push towards climate-friendly and energy-efficient manufacturing

Cement majors post Q4 volume growth, expect to continue momentum in FY26

In the March quarter, cement makers reported gains in volumes, ranging from 3.5 to 10 per cent and an enhanced capacity utilisation on a year-on-year basis

Oil regulator mandates LNG terminal registration, scraps carrier rule

The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified Registration for Establishing and Operating Liquefied Natural Gas Terminals Regulations, 2025

India's coal imports falls 1.7% to 263.56 million tonnes in 2024-25

Of the total imports in March, non-coking coal imports stood at 14.84 MT, against 15.33 MT imported in the same month last year

Delhi govt to set up food incubators, hi-tech labs to boost startups

The Delhi government will set up two new incubation centres for micro food processing firms and three advanced technology labs for startups, Industries Minister Manjinder Singh Sirsa said on Saturday.

India will play lead role in tailoring 6G technology regulations: Scindia

The Union minister of communications also asserted that in the days to come India will play a leading role in tailoring rules for 6G technology

Over 80% insured persons unsure about efficacy of health cover: Survey

The survey, Health Unlimited, found that when faced with a claim, two out of every three individuals feel insecure and inadequately covered as they encounter unexpected bills

Maharashtra govt approves shipbuilding policy to develop maritime infra

Recognising the significant importance of the maritime sector in driving economic and industrial growth, the state has identified the need to develop foundational infrastructure in this domain

Cyberwarfare signs: Govt on high alert, urges industry to boost security

Large groups, MSMEs asked to step up defences

Route One Fund trims IndusInd Bank stake by 0.65%, raises ₹386 cr

US-based hedge fund Route One Fund I LP sells over 5 million shares of IndusInd Bank for ₹386 crore, cutting its holding to just above 1 per cent

Singtel offloads 1.2% direct stake in Airtel for $1.5 bn via block deal

Transaction priced at a 2.85% discount to Airtel's closing stock price on Thursday

Affordable housing cap needs rethink, says Credai's Shekhar Patel

The Credai president said that while the size limits of 60 square meters for metro cities and 90 square meters for non-metro cities were generally acceptable, the price cap was deterring developers

Realty check: Trophy homes lure India's ultrarich at home and abroad

Locations like Goa, Alibaug, Lonavala, and parts of Uttarakhand are increasingly attractive to HNIs seeking weekend homes or holiday retreats

NCLT to hear Ireda's plea seeking insolvency against Gensol Engineering

NCLT to hear Ireda's plea against Gensol Engineering over a ₹510 crore default, but denies appointment of an IRP, citing the need to hear the company's side first

Groww to acquire PayU-backed Fisdom in $150 mn wealth management push

Groww to acquire Fisdom for $150 million as part of its wealth management expansion; the IPO-bound firm also plans to raise funds from Singapore-based GIC