Page 31 - Industry News

PLI and improving demand to favour electronics MSMEs: SME Tracker

PLI-led manufacturing push and improving domestic demand are expected to drive double-digit growth for electronics MSMEs, with margins seeing modest expansion

India-EU trade deal likely to help GLP-1 therapies become cheaper

India-EU FTA to lower tariffs on pharma, potentially making GLP-1 therapies like semaglutide cheaper and boosting adoption among diabetics in India

Geopolitical turmoil, softer oil prices to lift oil firms' FY26 dividends

Lower crude prices, strong refining and marketing margins may help state oil companies double dividends to the government in FY26 despite geopolitical risks

Duty hikes to dent cigarette volumes by 6-8% in FY27: Crisil Ratings

Crisil expects India's cigarette volumes to fall 6-8% next fiscal as higher excise duty and GST from February squeeze demand, especially in the mass segment

SC rejects Tata Sponge Iron petition against Odisha entry tax law

Supreme Court rejects Tata Sponge Iron's challenge to Odisha Entry Tax Act, upholds High Court ruling and denies refund claim

Ayush Ministry signs MoU with Zepto to enable online sale of medicines

The memorandum of understanding (MoU) aims to strengthen digital discovery while ensuring quality compliance and consumer trust in traditional healthcare products

Global energy players interested in expanding biz presence in India: Modi

Modi interacted with global energy giants and Indian companies' CEOs at his residence as part of the ongoing India Energy Week (IEW) 2026

India plans seasonal adjustment for industrial output in data revamp

A discussion paper from the ministry, released on Wednesday, said using a new methodology could improve economic signals without causing excessive revisions

Defence startup funding doubles to record $247 million in 2025: Tracxn

Report says investors favour tech used in both civilian and military sectors over slower combat projects

Delhi HC seeks DGCA's stand on suspension of revised pilot duty-time norms

Delhi High Court asks DGCA to clarify why new flight duty time norms were kept in abeyance, stressing that safety rules cannot remain unenforced without legal basis

UIDAI rolls out updated Aadhaar app with biometric lock, family access

The revamped Aadhaar app offers online updates for mobile number and address, biometric locking, encrypted sharing and support for family accounts

Centre puts stricter controls on pregabalin sales over abuse concerns

India has moved pregabalin to Schedule H1, tightening prescription and record-keeping norms after states flagged widespread misuse of the nerve pain drug for intoxication

Centre scraps prior approval system for BA/BE studies of low-risk drugs

The health ministry has amended clinical trial rules to replace prior approvals for low-risk BA/BE studies with simple online intimations, a move aimed at cutting delays, easing compliance

Republic Day boost: Ecom, qcom firms witness up to 25% uptick in sales

Ecom and qcom platforms clock up to 25% YoY sales growth as Republic Day deals, flash discounts and festive offers drive demand across metros and Tier-II+ cities

Iran unrest has had minimal impact on Indian companies so far: Crisil

Pointing out that Iran accounts for over 4 per cent of the global crude oil supply, Crisil said any escalation that disrupts its production could spike prices and the same should be watched closely

NxtGen selects Dell AI Factory, Nvidia to build national-scale AI factory

Dell and Nvidia partner with NxtGen AI to build India's largest sovereign AI factory, featuring over 4,000 Blackwell GPUs to power next-gen AI workloads

Defence tech hiring in India doubles to 7K in past 3 years: CIEL HR study

The study showed that growth has been consistent year-on-year rather than driven by short-term spikes, reflecting long-cycle modernisation and indigenisation programmes

Cigarette industry braces for volume contraction post duty hike: Crisil

Currently, cigarettes are charged 28 per cent goods and services tax (GST), along with a varied compensation cess

Govt eases drug R&D norms, allows pharma firms to skip test licences

The amendment is line with the directions of Prime Minister Narendra Modi to reduce regulatory burden and promote Ease of Doing Business

NITI calls for GST relief, insurance push to boost vehicle scrapping

Think tank flags tax disadvantage for formal facilities, urges parity with informal sector