Page 25 - Industry News

Mines ministry auctions 2 J&K limestone blocks to spur mineral development

The Koot-Kapran and Wantrag blocks in Anantnag have estimated limestone resources of 4.75 million tonnes and 10.853 million tonnes, respectively

Drug regulator may review machinery disposal at non-compliant pharma units

The Drugs Consultative Committee has sought a detailed proposal from Rajasthan amid concerns that machinery from closed pharma units could be used to make spurious drugs

Sandeep Goyal elected president of Advertising Agencies Association

Dr Sandeep Goyal, chairman and MD of Rediffusion Brand Solutions, will head the Advertising Agencies Association of India, while Jaydeep Gandhi of Another Idea was elected vice-president

Amazon expands ultra-fast delivery service to more than 120 Indian cities

Amazon Now offers tens of thousands of products, including groceries, fruits and vegetables, frozen food, personal care items, fashion and beauty products, small appliances, and home and kitchen goods

Action on forced labour should be evidence-based: Piyush Goyal at G20 meet

India calls for trade curbs on forced-labour goods to be based on clear evidence, while warning against broad action and urging G20 members to follow WTO rules

India does not have structural excess manufacturing capacity: Piyush Goyal

He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support

Retail space leasing in malls falls 38% in Q3 across top 8 cities: Cushman

Including shopping malls and high-street locations, total retail space leasing fell nearly 5% to 2.22 million square feet in the latest September quarter from 2.33 million sq ft in the year-ago period

No fuel supply restrictions imposed across retail network: Nayara Energy

The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.

Electricity shortage rises fivefold in September, remains low in volume

India's electricity shortage rose to 544 million units in September from 98 million units in August, as power demand increased and coal stocks at thermal plants fell

New factory investment falls in FY25 for first time since pandemic: NSO

Gross fixed capital formation fell 8 per cent in FY25 after two years of strong growth, while factories added workers and wage growth edged ahead of profit growth

Indus Towers looks to catch next growth signal on India, Africa expansion

Brokerages see growth improving as Vodafone Idea steps up network spending and Indus Towers expands into Africa, with higher dividends expected from FY27 onwards

How to tame the dragon: India seeks homegrown brands to take on China

The government has for the first time put together a plan to try and change the game by encouraging homegrown players to build a mobile brand

Nobody is allowed to put cap on sales: Oil Secretary Neeraj Mittal

'Phase of anxiety' not over for India, but consumers remain insulated from energy price shock: Puri

Homegrown brands bet on smaller towns for festive growth through Flipkart

Flipkart says homegrown brands have grown 60 per cent in Tier 2 and Tier 3 markets, while its beauty and general merchandise category is growing nearly 50 per cent

Govt tightens sugar stock limit despite 15% fall in prices since August

Dealers can hold sugar for only 15 days from October 15 to November 30, while Kolkata and its extended metropolitan areas, along with Assam, have a 2,000-quintal limit

India's petrol, diesel demand grows in September; LPG consumption falls

Petrol sales rose 7.21 per cent and diesel sales 4.86 per cent in September, while LPG consumption fell 9.15 per cent amid import dependence and West Asia supply disruptions

Coal India raises September supplies 12.5% amid growing demand for power

Supplies to the power sector rose 10.63 per cent to 48.9 million tonnes in September, while coal production increased 9.18 per cent to 53.5 million tonnes, CIL said

Mines ministry launches auction of two mineral blocks in the Andaman Sea

The blocks contain polymetallic nodules and crusts with cobalt, nickel, manganese, copper and rare earth elements; bids can be submitted until December 28 at 5 pm

CDSCO seeks DGHS view on exemptions for mercury-based topical antiseptics

The Drugs Consultative Committee has sought the DGHS opinion and data on Merbromin's manufacture and use before deciding on its continued inclusion under Schedule K

Orissa HC dismisses Vedanta's plea to enforce 2004 bauxite supply agreement

The court held that promissory estoppel cannot compel the state to act against mining law or confer an enforceable commercial right over natural resources held in public trust.