Page 261 - Industry News

Brigade Group inks pact for Rs 300 cr luxury housing project in Mysuru

The land parcel spans 5 acres and 12 guntas. The project will offer 0.45 million square feet of planned residential space

NPPA revises ceiling prices for over 900 drug formulations from April 1

With the changes, manufacturers will be allowed to increase the maximum retail price (MRP) of scheduled formulations on the basis of WPI without needing any prior approval from the government

Industry cheers Rs 22,919 crore PLI boost for electronics components

The scheme focuses on key components such as batteries, displays, camera modules, and printed circuit boards (PCBs) to enhance India's electronics supply chain and reduce import dependence

Skye Air introduces 7-minute drone delivery service in Bengaluru

The introduction of drone deliveries in Bengaluru is set to transform the e-commerce and quick commerce landscape, offering speed, efficiency, and sustainability

India's core sector growth falls to five-month low of 2.9% in February

In February 2024, the core sector growth had stood at 7.1 per cent

NCLT approves amalgamation of Suven Pharma, Cohance Lifesciences

As per the scheme's terms, the merger will take effect from the first business day of the month following the fulfilment of all conditions

AM/NS India makes initial payment for land to set up steel plant in Andhra

This mega steel plant will not only create substantial employment opportunities but also foster socio-economic development for the communities and beyond, says Andhra Pradesh CM Naidu

What is bioeconomy and how it grew from $10b to $165b in just a decade

The number of businesses engaged in the bioeconomy has surged by nearly 90 per cent in just three years, increasing from 5,365 in 2021 to 10,075 in 2024

Entvin AI raises Rs 5 crore in first funding round from Y Combinator

With this funding, Entvin plans to expand its artificial intelligence capabilities and accelerate customer acquisition

ICICI Bank refutes allegations of illegal staff termination

Terms allegations of termination of 782 employees 'voluntary abandonment of services'

Cabinet approves ₹22,919 cr PLI for non-semiconductor electronics component

Electronic industry has been urging the central government to create a separate production-linked incentive for non-semiconductor electronics since 2022

Chhattisgarh govt signs MoU with Nasscom to boost skill development

CM Sai said with a stronger focus on the skill-development sector, the state was working to align its workforce with industry needs.

Sick units in Uttar Pradesh to make way for auto industry, IT parks

These defunct mills are scattered across Sitapur, Fatehpur, Prayagraj, Ghazipur, Farrukhabad, and Bulandshahr districts

Ice cream market may touch Rs 45,000 crore in next 3 years: IICMA

Though seasonal in nature, it has witnessed huge growth helped by tailwinds such as rise in disposable incomes, changing consumer preferences, and expanding distribution channels

India's VC funding surges 40% in early 2025, defying global slowdown

Deal volume also increased 11 per cent during the same period, underscoring growing investor confidence in the country's innovation-driven startup ecosystem

Govt to impose strict penalties on sugar mills violating stock limits

In a directive issued to mills, govt said it has found repeated violations by some group and individual sugar mills despite previous warnings, prompting the issuance of new, stricter guidelines

India's heat waves drive air conditioner sales, defying consumer slowdown

Blue Star Ltd. expects as much as 30 per cent growth over the summer, with a significant increase in sales in smaller cities, Managing Director B Thiagarajan said

India's express parcel market to touch 24-29 bn shipments by FY30: Report

E-commerce segment accounted for more than 50 per cent of the express parcel market, with approximately 4.8-5.5 billion shipments this fiscal year

AI boom drives increased demand for semiconductors: Industry leaders

India aims to lead the semiconductor industry by leveraging geopolitical advantage, skilled talent, and cost competitiveness, driving economic growth, say tech executives and officials

Govt may ask aggregators to pay 2% of gig workers' income towards pension

All major platform aggregators such as Swiggy, Zomato, Uber, and Blinkit are likely to contribute to the pension fund