Page 24 - Industry News

Railways a consumer under Electricity Act, liable for surcharges: SC

The Supreme Court ruled that Indian Railways cannot claim deemed distribution licensee status and must pay cross-subsidy and additional surcharges on power procurement

India Deep Tech Alliance selects 20 startups for inaugural cohort

The India Deep Tech Accelerator programme, led by the UChicago Polsky Center, will help IIT-linked startups scale research-driven products for global markets

Oil firms bleed ₹30,000 cr as fuel prices held steady despite energy shock

The special additional excise duty on petrol was cut to Rs 3 per litre from Rs 13, while excise duty on diesel was reduced to zero from Rs 10 per litre

Digital access, cyber security challenges in DPI ecosystem: CEA Nageswaran

He said legislative and institutional framework in the area of data sharing and digital records is still evolving

KPIT Technologies co-founder and chairman Ravi Pandit dies at 75

In a statement, the company said it was deeply saddened by the passing of its founder and chairman of the board on May 8

Space funding hits record as Skyroot becomes India's first space unicorn

India's private space sector is witnessing a funding boom, with investments surging after policy reforms opened the industry to private players

Trai proposes penalties for telecom firms over complaint redressal lapses

Trai has proposed penalties on telecom operators for improper complaint handling, delayed reporting and non-compliance with revised grievance redressal rules

60% of national highway projects on annuity model facing delays: Crisil

Crisil said most delayed highway projects under the hybrid annuity model have received extension approvals as delays were beyond concessionaires' control

India operationalises 101 auctioned mineral blocks since 2015, says govt

The Mines Ministry said FY26 recorded the highest annual mineral block auctions, with 212 blocks auctioned under the regime introduced in 2015

Odisha receives investment commitments worth ₹48,330 crore in Gujarat

Odisha secured investment commitments worth Rs 48,330 crore during investor outreach events in Gujarat across sectors such as chemicals, engineering and green energy

DRL-Nestle JV launches Celevida product line for GLP-1 therapy patients

Dr Reddy's-Nestle Health Science JV launched Celevida GLP+ to support nutrition and muscle health among patients on GLP-1 and GIP therapies

India's pharma market grows 10.3% in April on strong chronic performance

India's pharmaceutical market grew 10.3 per cent in April, led by strong demand for anti-diabetes, cardiac and respiratory therapies

No double standards for CNG 3Ws: Bajaj Auto on Delhi draft EV policy

Selective restrictions could distort policy framework, says Bajaj Auto

EAC-PM proposes social equity-led approach for priority sector lending

The EAC-PM has urged a review of India's priority sector lending norms, recommending a sharper focus on social equity and credit access for vulnerable groups

India one of most dynamic opportunities in global commerce: Walmart CEO

Walmart says India is a key global commerce hub, with the retailer sourcing over $40 billion in goods while expanding support for MSMEs and exporters

Govt extends subsidy scheme for firms flagging merchant ships until FY31

The Centre has extended the subsidy scheme for Indian-flagged merchant ships till FY31 to strengthen domestic shipping capacity and boost India's global maritime presence

Why Musk's $60 billion Cursor bet is really about AI's 'last mile'

SpaceX has secured an option to acquire AI coding startup Anysphere for $60 billion, placing Elon Musk in the race to control how AI-powered software is built

Alcoholic beverage industry seeks price hike as costs rise amid Iran war

Severe shortage of commercial LNG supply has put glass bottle manufacturers under significant strain, and they too face partial or full shutdowns

India's power demand likely to grow by 5 to 5.5% in FY27, says Icra

The all-India thermal plant load factor (PLF or capacity utilisation) level fell to 65-66 per cent in 2025-26 amid demand moderation and is likely to remain around 65 per cent in 2026-27

Centre plans to bolster key export scheme as Iran war sours trade outlook

West Asia conflict weakened trade in March, with India's merchandise exports falling 7.4 per cent year-on-year and 24 of 30 major export categories declining