Page 29 - Industry News

Recycling body MRAI urges govt to remove 2.5% duty on aluminium scrap

The recycling industry says removing the 2.5% basic customs duty on aluminium scrap will reduce input costs, support MSMEs, create jobs and strengthen India's circular economy

Simaero plans to add more simulators, tap local engineering talent in India

The French aviation training company plans to operate up to six simulators in India over five years and develop local expertise in simulator engineering and technology services

Airtel bets on financial services, data centres after ₹3.3 trn investment

Bharti Airtel has announced ₹20,000-crore investment in non-banking financial company Airtel Money while its data centre Nxtra recently raised $1 billion as part of its plan to build 1 GW capacity

HDFC Bank's workforce drops by over 3,300 amid push to automate operations

The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday

Employee headcount shrinks at HUL, Dabur amid hike in median pay in FY26

While Nestle India, Marico and Tata Consumer Products Ltd (TCPL) added to their headcount during the fiscal, Hindustan Unilever (HUL) and Dabur saw a decline in permanent employees on their rolls

India becoming major manufacturer, exporter of railway products: Vaishnaw

Vaishnaw said India is designing, manufacturing and exporting advanced railway components, including propulsion systems and electronics, to countries such as France, Germany, the US and Japan

200,000 micro food processing enterprises covered under PMFME scheme: Govt

The total subsidy amount provided so far under the Pradhan Mantri Formalisation of Micro Food Processing Enterprises (PMFME) scheme is around Rs 6,000 crore

India-New Zealand FTA to aid dairy sector via agri-tech partnership: MEA

Prime Minister Narendra Modi and New Zealand Prime Minister Christopher Luxon recognised the important role of the FTA in strengthening the bilateral economic partnership

FSSAI issues notices to Swiggy Instamart after complaints of expired food

FSSAI has issued 9 notices to Swiggy Instamart after receiving multiple complaints alleging the delivery of expired, spoiled, rotten and contaminated food products, and has sought a detailed report

IT industry should capitalise on global semiconductor talent gap: Vaishnaw

Ashwini Vaishnaw said the global semiconductor industry faces a talent shortage of around 1 million people and urged India's IT sector to capitalise on the opportunity

India sees iPhone 17 stock crunch as demand rises amid fears of price hike

Retailers report limited fresh supplies of the base model and rising demand as buyers rush to purchase before any potential price increase, though Apple has not announced higher iPhone prices

Odisha gets first in-house genomics lab to advance precision cancer care

IMS and SUM Hospital becomes first in Odisha to set up a comprehensive in-house genomics laboratory, enabling advanced cancer diagnosis and precision medicine without patients travelling outside state

Railway engineers demand pay commission for wage parity, Group B posts

AIREF has urged the 8th Central Pay Commission to restore pay parity, expand Group-B posts, improve career progression and enhance allowances for railway engineers

Trai says 1600-, 140- number series can't be tagged and filtered

The telecom regulator said designated 1600 and 140 number series used for banking, financial and government communications cannot be tagged, blocked or filtered by apps

Centre rules out reversal of ethanol push, citing huge investments

The government cited logistical challenges and investments in ethanol infrastructure while acknowledging that E20 fuel delivers 3-5 per cent lower mileage than conventional petrol

ONGC to build 1.75 MT strategic petroleum reserve at Mangalore

ONGC has approved a 1.75 MT strategic petroleum reserve in Mangaluru, expanding India's emergency oil storage capacity amid heightened global supply risks

Coimbatore's Deccan Pumps in talks with US agtech major for stake sale

The proposed minority stake sale could pave the way for the US firm's entry into India's water-tech sector and strengthen innovation in precision irrigation and agtech

Only 8 of 23 coal blocks get bids in latest commercial mine auction round

The Coal Ministry received 21 bids from 16 companies, including four first-time participants, for eight of the 23 coal blocks offered in the latest auction round

Elevated coal costs seen capping Q1 margin recovery for steel firms

Steel producers are expected to post weaker-than-expected Q1 margin recovery as higher coking coal, freight and operating costs offset gains from stronger domestic steel prices

Govt exempts IFSC GIFT City units from Coastal Shipping Act licensing norms

The exemption allows eligible IFSC GIFT City units to charter foreign vessels for EXIM and international trade without obtaining a licence under the Coastal Shipping Act