Page 304 - Industry News

Big corporates set to lead in tech adoption including AI, data analytics

The report highlighted numerous benefits that technology adoption brings to business, particularly in improving cybersecurity and the customer experience and enhancing employee skills and satisfaction

Pharma exports to touch $65 bn mark by 2030, $350 bn by 2047: Report

While India is the largest supplier of generic drugs globally, accounting for one in five generic drugs sold worldwide, the nation ranks 11th in terms of export value

Firms committed to investing Rs 27,106 cr under PLI scheme for steel: MoS

MoS for Steel and Heavy Industries Bhupathiraju Srinivasa Varma said that steel is deregulated sector and decisions such as investment, production are based on techno-commercial considerations

RBI rate cut: Real estate firms expect mid-housing segments to thrive

Niranjan Hiranandani, chairman of the National Real Estate Development Council and co-founder and managing director (MD) of Mumbai-based Hiranandani Group, said

Sufficient stock to meet summer demand: Coal Minister G Kishan Reddy

210 mt of coal likely from commercial mines in FY26

L&T Finance to make gold loan biz foray with Rs 537 crore PFML buy

The agreement is subject to necessary approvals and the fulfilment of all conditions precedent to closing

Indian pharma market registers over 8% growth in January 2025: Pharmarack

Among them, the cardiac, anti-diabetic, and gastrointestinal therapies saw high value growth of 10.9 per cent, 10.2 per cent, and 6.9 per cent, respectively, driving overall IPM growth

Beer industry brought in Rs 92,324 cr to GDP in 2023: Brewers association

Being a high-volume product, it employs a large number of people for handling, takes up large warehousing spaces, and employs large fleets for moving the product, he added

Semiconductor manufacturing to be an important attraction of GIS: MP CM

Yadav said that enthusiasm and interest are being seen in this sector among potential investors at the GIS, so it is expected that there will be increased investment in this sector

Lab-grown diamond industry to continue with self-regulation: Piyush Goyal

The minister said the government maintains regular dialogue with industry stakeholders and has permitted self-regulation, which has proven effective

MP announces drone policy, incentives to become manufacturing hub

Capital subsidy of up to 40 per cent (maximum Rs 30 crore) will be provided to entrepreneurs setting up drone-manufacturing units in the state

DPIIT flags 259 tenders for violating public procurement norms in 2024

The order is applicable to the procurement of goods, services and works (including turnkey works) by all central ministries/ departments

PVR INOX returns to profitability, banks on strong movie lineup in 2025

The company also reported its highest quarterly advertising income post-Covid of

India's fuel demand in January rises 3.2% to 20.49 million tonnes

Consumption of fuel, a proxy for oil demand, rose to 20.49 million metric tons, data from the oil ministry's Petroleum Planning and Analysis Cell (PPAC) showed

India remains net importer of steel in Apr-Jan; imports surge over 20%

Recently Steel Secretary Sandeep Poundrik said that India needs to add 100 million tonnes (MT) of steel making capacity by 2030 on priority to avoid becoming dependent on imports

JSW to invest Rs 1 trn in Maha's Gadchiroli for world's largest steel plant

The investment will be spread over the next seven to eight years. It can be one of the most ambitious projects in India's steel sector

RBI's rate cut to have limited impact, more needed to boost housing: Credai

Reduction in repo rate may lead to lowering of interest rates on home loans provided banks decide to pass on the benefits

Tata Power planning to double Tirunelveli solar cell unit: Chandrasekaran

The new 4.3 GW solar cell and module manufacturing plant is equipped with cutting-edge TOPCon and Mono PERC technologies

Food aggregator platform Zomato continues to steal a march on Swiggy

Zomato's revenue from operations stood at Rs 5,405 crore compared to Swiggy's Rs 3,993 crore

Experts differ on IBBI's move to permit flat possession during insolvency

One major decision in the new amendments is that resolution professionals can hand over possession of plots, apartments, and flats to homebuyers while the insolvency process is ongoing