Page 28 - Industry News

As generics wave builds up, Novo Nordisk slashes Ozempic, Wegovy prices

Drugmaker says it will not undertake similar steps for its oral semaglutide brand Rybelsus

India bulks up Russia oil imports; Gulf flows ebb as tensions rise

Furthermore, Angola has emerged as one of the biggest crude oil suppliers to India amid attempts to source from West Asian alternatives

India's 5G subscriber base may exceed 1 billion by 2031, shows data

India's 5G base is set to cross 1 billion by 2031, driven by surging data usage from AI, cloud gaming, and video streaming

Bureaucrats' share in India Inc boards at 13-year low, shows data

Public sector companies lead decline in absolute numbers

Signature Global, RMZ complete ₹1,293 cr deal to fund Gurugram project

RMZ acquires 50 per cent stake in subsidiary GCL; partners form joint venture to develop large mixed-use commercial project on Gurugram's Southern Peripheral Road corridor

As India's weight management market expands, misleading ads risk rises

A week before semaglutide's patent expiry, the CDSCO issued an advisory warning pharma companies against promoting prescription weight-loss drugs, banned by law

M&As surge in India's RE sector as investors eye de-risked route to scale

India's renewable energy sector is witnessing a surge in M&A activity as investors opt for faster, de-risked growth amid strong capacity targets, policy push, and rising demand visibility

India ramps up PNG rollout, 270,000 new connections given in March

India at the end of February had 1.64 crore domestic PNG connections, 48,568 commercial and 21,512 industrial connections

ACME, NTPC, and Jakson Green sign green ammonia supply agreements

Companies sign 10-year supply pacts with SECI under SIGHT programme to supply green ammonia across 13 fertiliser units at competitive discovered prices

Mumbai records best March in 14 years with over 15,500 registrations

City records 15,516 property registrations in March 2026, highest in 14 years, with strong end-user demand and rising share of mid-income housing

India's bioeconomy to hit $300 bn by 2033 on innovation demand: Report

Report flags global patent cliff and rising R&D costs as catalysts, with India emerging as a cost-efficient hub backed by policy support, faster trials and expanding biotech ecosystem

US gas prices soar past $4 a gallon amid Iran war, highest since 2022

The price is a national average, meaning drivers in some states have been paying well over $4 a gallon for a while now

India's average monthly data usage per user hits 31 GB in 2025: Nokia

The 13th edition of Nokia's annual Mobile Broadband Index (MBiT) said pan-India monthly 5G data traffic surged 70 per cent year-on-year to reach 12.9 exabytes (EB) in 2025

Govt cancels 11 critical, strategic mineral blocks auction on poor response

The blocks contain strategic minerals including lithium, cobalt, rare earth elements, niobium, tantalum, and vanadium

Draft IT regulations may widen govt oversight on social media content

The Centre has proposed allowing the I&B Ministry to issue takedown notices directly to individual users, expanding scrutiny of social media content under draft changes to IT Rules, 2021

Lupin gets tentative nod from USFDA for generic Sugammadex injection

It is used for the reversal of neuromuscular blockade induced by rocuronium bromide and vecuronium bromide in adults and pediatric patients aged 2 years and older undergoing surgery

Powered by tax relief, auto sales race to record 29.5 million in FY26

Strong rural demand, policy support, and festive season boost drive auto sales to record highs in FY26, while electric vehicles see rapid adoption across segments

No local design capability, no ECMS payout, says Ashwini Vaishnaw

Minister Ashwini Vaishnaw says approvals and disbursals under ECMS may be revoked if firms fail to develop in-house design capabilities and meet quality standards

CEOs upbeat on FY27 capex amid West Asia war cloud: Business Standard poll

Prolonged West Asia conflict, supply chain woes major concerns

Q4 results preview: IT cos set for soft finish to FY26 as war clouds gather

West Asia conflict, GenAI fears, and cautious clients weigh on demand