Page 26 - Industry News

Airtel Money to raise £529 million in LSE IPO at £5.3 billion valuation

Airtel Money will offer 270 million shares at £1.96 each, with trading set to begin on October 14; existing investors will sell part of their holdings in the London IPO

Govt to launch capital subsidy scheme for textiles soon: Giriraj Singh

The proposed scheme could offer subsidies of up to 25 per cent of upgrade costs in some cases, while another scheme would support infrastructure in legacy textile clusters.

Rajasthan steps up push to move households from LPG to DPNG connections

Rajasthan targets 7.97 million DPNG connections by 2029 as the state expands city gas infrastructure and promotes piped natural gas as a cleaner fuel

Govt cuts sugar stock holding period to 15 days amid festive demand

The new sugar season began on October 1, with the FRP for sugarcane set at ₹365 per quintal for the 2026-27 season at a basic recovery rate of 10.25 per cent

NTPC Q2 power generation grows 13% to 118 bn units; coal dispatch up 28%

NTPC's coal dispatch rose 28.45 per cent year-on-year to 11.899 million metric tonnes in the July-September quarter from 9.260 MMT a year earlier

Ethanol blending does not damage vehicles, diversifies agri sector: Gadkari

The road transport minister said 4 crore cars and 20 crore two-wheelers have run on ethanol-blended petrol since 2022, while defending the policy as a way to turn farmers into energy producers

Flies, cat droppings: FSSAI suspends licences of two more food operators

The regulator directed TCF Chocolates and Gifts and Shivam Agro to cease all food business activities during the suspension period after inspections found safety violations

Stricter DSM rules may cut renewable project IRRs by up to 100 bps: Crisil

Better forecasting, aggregation and storage will increasingly decide cash flow resilience

Commercial LPG price up ₹62.50, ATF rises ₹16/litre from October 1

Domestic LPG prices remain unchanged, while the government has cut windfall taxes on diesel and ATF exports for the fortnight ending October 15

Weak monsoon, heat drive India's September power deficit to decade high

Peak power shortfalls exceeded 2 GW on more than half the days in September as weak rains cut hydropower output and hot weather drove up electricity demand

Indian oil refiners change tactics, hire tankers to sail through Hormuz

Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments

96% Indian firms hit by business-disrupting cyber incidents: Cisco report

More than one in three incidents involved AI-enhanced attacks, while bureaucratic delays, fragmented data and disconnected teams emerged as key barriers to stronger cyber defences

Novo eyes childhood obesity pilots in India, seeks wider public-sector role

Next-gen pipeline spans higher-dose, combination and oral therapies; company says it can meet India's demand for GLP-1 medicines as the market expands

India ready to facilitate US firms' investments, says Piyush Goyal

Commerce Minister tells US executives India is ready to facilitate investment and expansion as New Delhi and Washington seek to advance their proposed bilateral trade agreement

India's factory floor added 1.4 million jobs in FY25, shows NSO data

Registered manufacturing employment crossed 20 million for the first time, up 30.5% in 5 years, according to the latest Annual Survey of Industries

Two trade bodies meet FM, withdraw from No UPI Day protest on October 2

AICPDF and AIMRA have withdrawn from the October 2 protest after urging the government to defer the proposed UPI MDR and raise the threshold limit to ₹5 lakh

Govt extends RoDTEP, RoSCTL export tax remission schemes till December 31

RoDTEP and RoSCTL, which reimburse exporters for embedded non-creditable levies, have been extended by three months, though experts seek a longer five-year extension

Cabinet clears ₹1.86 trn green energy corridor scheme with battery storage

GEC-III will enable evacuation of 135 GW of renewable energy across states and provide for deployment of 50 GWh of battery energy storage systems by 2032-33

ONGC's KG basin struggles to live up to deepwater production promise

Oil output from flagship KG-DWN-98/2 has slipped to around 20,000 bpd against a 45,000-bpd peak target, with complex reservoir geology posing a challenge to sustaining production

Pharma dept to offer gap funding for early-stage novel drug discovery

Funding will be part of a new track under the PRIP scheme exclusively for start-ups and MSMEs at the initial research stage, with assistance of up to ₹50 crore per project