Page 32 - Industry News

SC upholds rejection of ₹85 cr insolvency plea against Essar Power Gujarat

The Supreme Court has upheld the rejection of an insolvency plea against Essar Power Gujarat, holding that a genuine pre-existing dispute barred proceedings under the IBC

Dutch prosecutors summon Tata Steel over alleged air pollution offences

Dutch prosecutors will prosecute Tata Steel IJmuiden over alleged environmental offences linked to air pollution, while the company says the allegations are unjustified

Tata Electronics takes on Foxconn in India's iPhone manufacturing

Tata Electronics is competing robustly with the Taiwanese firm in making iPhones, and this is opening up the market

Private sector enters India's critical minerals race with Indonesia deal

Hyderabad-based Midwest Ltd has become the first Indian private company to secure overseas rare earth assets through an agreement with Indonesia's state-run PERMINAS

JSW Infra to develop 52 mtpa captive jetty in Odisha at ₹2,100 crore

JSW Infrastructure will build a 52 mtpa captive jetty in Odisha at an investment of over ₹2,100 crore to support JSW Steel's upcoming 13.2 mtpa integrated steel plant

Regulatory reforms can lift spice market to $13 bn by 2034: Icrier

An ICRIER policy brief says India's spices market could expand to nearly $13 billion by 2034 if regulatory gaps, testing inconsistencies and supply chain issues are addressed

India becomes world's largest retail GCC hub with 180 centres: Report

Retail GCCs in India now employ over 0.27 million professionals, with hiring increasingly shifting towards AI, engineering and supply chain roles, a report said

UST ties up with Anthropic to deploy Claude for clients across sectors

UST will embed Anthropic's Claude into enterprise workflows for clients and train 20,000 employees to accelerate AI adoption across healthcare, telecom and banking

Isma rejects misinformation around E20, urges 'evidence-based' discussion

Isma's appeal comes days after the government released a fact sheet rebutting social media 'misinformation' about India's E20 ethanol blending programme

ISMA calls E20 petrol safety concerns misleading, factually incorrect

The industry body urged that public discourse on ethanol-blended petrol be guided by scientific evidence, verified data and official clarifications

India's energy storage requirement to hit 888 GWh by 2035-36: Report

India's battery energy storage capacity is projected to rise sharply from about 1 GWh currently as the country scales up renewable energy and strengthens grid reliability, according to an IESA-CES rpt

LNG emerged as a reliable source of energy security amid West Asia war

Senior industry officials say that New Delhi is ignoring a cleaner burning fuel, which offered more supply security during the war compared to crude oil and LPG

Fat-loss drug sales in India loses steam after early spike from generics

The slowdown marks a sharp deceleration from the initial rush that followed the expiry of semaglutide's patent in March

'Beer industry sees near double-digit growth, but margins under pressure'

The brewer said favourable state reforms and weather have boosted demand, though higher input costs linked to global conflict continue to weigh on profitability

FSSAI issues notices to Lotte India, 2 others over misleading claims

FSSAI said these companies have been directed to explain within 7 days as to why action should not be initiated against them under the provisions of the FSS Act, 2006

CERC permits TP Saurya to sell infirm power from Rajasthan solar project

The regulator has allowed TP Saurya to continue selling infirm power from the 100 MW solar component of its 600 MW wind-solar hybrid project in Bikaner

Look into Amazon, Flipkart qcom ops, distributors urge commerce ministry

AICPDF has urged the Centre to examine whether Amazon and Flipkart's quick commerce models comply with FDI rules and their impact on India's retail ecosystem

Look into Amazon, Flipkart qcom ops, distributors urge commerce ministry

The All India Consumer Products Distributors Federation has sought a review of whether Amazon and Flipkart can legally operate inventory-led quick commerce models under the existing FDI policy

FM Sitharaman asks toy makers to aim for a quarter of global market by 2032

Finance Minister Nirmala Sitharaman urged the Indian toy industry to target a quarter of the global toy market, citing government support and quality measures to boost manufacturing and exports

India's rising solar penetration is causing power grid stress: EAC-PM paper

India's rapid solar expansion is increasing grid stress as storage capacity lags, creating challenges in managing demand swings and renewable output