Page 279 - Industry News

Global Capacity Centres to expand to $105 bn by 2030: Labour secy Dawra

Dawra said that India is home to over 1,700 GCCs, employing 1.9 million professionals and generating $64.6 billion in revenue as of 2024

Tata Steel seeks safeguard duties on imports amid US tariff concerns

After assuming office as the US President last month, Donald Trump ordered a 25 per cent import tax on all steel and aluminium entering the US

Madras High Court rules in favour of 12% GST for railway contracts

The case involved STS-KEC, a joint venture between Stroytechservice LLC (Russia) and KEC International Limited, which was awarded a contract for railway infrastructure projects

MO Alts acquires majority stake in Megafine Pharma for Rs 460 crore

Megafine currently operates two USFDA-approved manufacturing facilities located in Nashik, Maharashtra, and Vapi, Gujarat, and specialises in niche, high-margin APIs, primarily used in chronic disease

Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth

Demand for natural gas continues to rise globally as the world transitions to cleaner fuels

Alcohol body seeks import duty cut in phased manner under India-UK FTA

The Confederation of Indian Alcoholic Beverage Companies (CIABC) said that the government should ensure better market access for Indian products in the UK

India, UK trade pact 'genuinely beneficial' for both: British trade secy

India and the UK on Monday announced resumption of negotiations for the FTA, which is expected to double or even triple bilateral trade from the current $20 billion in the next 10 years

India-Sri Lanka petro pipeline depends on economics, not politics: CPC head

Deliberation on the possible trilateral cooperation between India, Sri Lanka and the United Arab Emirates was held during President Anura Kumara Dissanayake's visit to India last year

MP aims to double startups in 5 years, earmarks Rs 100 cr for seed capital

The state government has framed a new transparent policy for the MSME with emphasis on ease of doing business and time-bound sanctions of projects and delivery of incentives offered by the state

India's qcom may struggle to maintain current growth: Blume Ventures

These companies deliver groceries to electronics within minutes and their market share has grown to $7.1 billion in fiscal year 2025 from just $300 million in 2022

CII announces plan to make India global logistics hub, generate employment

Expanding sector is to expected create 15-17 mn jobs in the country by 2030, it says; Initiative will attract investments and drive economic growth

Govt likely to extend import restrictions on steelmaking raw material

The reluctance of Indian steel producers to buy from local producers could prompt the government to extend these restrictions beyond June

India's CRDMO sector looks to expand, looks to touch $25 bn by 2035: Report

This surge is also being driven by India's cost advantages compared to Western countries, 90 per cent faster project startup times, and global supply chain realignments

Tech companies commit to invest Rs 25,640 crore in MP, create 183K jobs

The commitments were received from 35 entities during the IT and Technology Summit at GIS 2025

Housing prices rise 10% in Oct-Dec in 8 cities, Delhi-NCR tops list: Report

Bengaluru saw a 23 per cent increase in prices to Rs 12,238 per sq ft while Delhi-NCR witnessed a 31 per cent increase to Rs 11,993 per sq ft

Regulatory standards must be stronger for quality medicines: Health secy

During the meeting, Srivastava urged state drug regulators to ensure that medicines are sold only through prescriptions so that narcotic drugs are not diverted for trafficking or other illicit uses

Centre mulls $1 billion subsidy plan to boost solar manufacturing industry

The plan has the backing of the top advisers in Prime Minister Narendra Modi's office and is expected to be presented to the cabinet for approval in the next few months, they said

Semiconductor policy key to improving defence mfg: Navy chief Tripathi

Speaking at an event here on Monday, he also asked the private sector to take the lead in order to make the country self-reliant

Going dark: 296 internet shutdowns witnessed across 54 countries in 2024

Shutdowns were imposed 103 times due to conflict and 74 times across 24 countries during domestic protests

Outlook positive for MSMEs in security services: CRISIL SME Tracker

Indeed, as margins shrink, the smaller players are exiting, leading to market consolidation