Page 34 - Industry News

Retail prices of cooking oils may fall after duty cut: Industry body IVPA

The government has cut customs duties on crude and refined soybean, palm and sunflower oils, a move the industry expects to lower landed costs and ease retail prices ahead of the festive season

Bank strike from Sept 28-30: Why bankers are on strike again this month

The RBI has allowed all bank branches, offices, ATM-linked branches and currency chests to remain open on September 27 to avoid a possible five-day disruption

Indian recyclers seek govt intervention over EU metal waste ban proposal

A recyclers' group representing small and mid-sized Indian firms has sought government intervention after the EU proposed restricting metal waste exports to India from May 2027

High crude leaves OMCs losing ₹530 crore a day on fuel sales: Icra

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September

India's electrification rate could rise to 32% by 2035: IEA report

The IEA says India's electrification rate could rise from 19 per cent to 32 per cent by 2035, led by transport, while lower fuel imports could reduce its energy import bill.

Copper producers seek GST cut to 5% as record prices tie up capital

India's primary copper producers want GST on a range of copper products cut from 18% to 5%, saying the move could unlock up to $3.6 billion in working capital

Retail sector logs 10% growth in Aug on stable consumer demand: RAI survey

India's retail sector maintained a steady trajectory in August, recording a 10 per cent year-on-year (Y-o-Y) pan-India growth, according to a business survey by the Retail Association of India.

Indian Railways' coach overhaul on track for completion in FY28

1,600+ older rakes converted as safer Linke Hofmann Busch stock takes the rails

Fuel shift gathers pace across vehicle segments as EV adoption rises

India's automobile market is seeing a steady shift in its fuel mix, with electric vehicles (EVs) gaining ground across passenger vehicles (PVs), two-wheelers, three-wheelers and commercial vehicles

FSSAI initiates penal action against five leading e-commerce platforms

FSSAI has initiated penal action against five e-commerce platforms over product claims, information and the listing of prohibited food articles under food safety regulations

Odisha clears industrial projects worth Rs 2.47 trillion at one go

Data centres, AI and power projects dominate Odisha's record investment pipeline; 27 projects across 15 districts involving Rs 2.47 trillion are expected to generate 50,162 jobs

India is on track to hit 100GW wind energy target by 2030: Suzlon's Tanti

India is largely on track to achieve 100 GW wind energy target by 2030, provided it accelerates power grid expansion and maintains a steady pipeline of project auctions, Suzlon Group co-founder said

Ola Electric seeks board nod for proposed rights issue of equity shares

Ola Electric's board will consider a rights issue on September 28. The company has not disclosed its size or use of proceeds as its electric two-wheeler market share falls

India's Ayush market could reach $213 billion by 2030: Primus Partners

Primus Partners says integrating Ayush into public health systems, insurance and primary care could help expand India's market to $213 billion by 2030 from $43 billion now

FSSAI proposes single-phase rollout of front-of-pack nutrition labelling

FSSAI has proposed a 365-day voluntary compliance window for front-of-pack nutrition labels, with red warnings for products exceeding prescribed salt, sugar or fat limits

India extends anti-dumping duty on imported Chinese decor paper till March

India has extended anti-dumping duty on decor papers imported from China till March 2027 to protect domestic manufacturers from cheap inbound shipments, according to a notification.

DGTR backs 5-year extn of anti-dumping duty on China aluminium foil imports

The Commerce Ministry's arm DGTR has recommended a five-year extension of anti-dumping duty on aluminium foil imported from China, Thailand, Malaysia, and Indonesia, according to a notification.

NTPC, Adani Power get nod for nuclear plant feasibility studies in Odisha

Odisha has approved feasibility studies by NTPC and Adani Power at several potential nuclear plant sites, including Deogarh, Balimela and Manjore; no plant has yet been sanctioned

MSME lending may reach ₹2.6 trillion in July-December 2026: FlexiLoans

FlexiLoans expects lending to small businesses to reach Rs 2.4-2.6 trillion in July-December 2026, driven by festive demand and growing digital commerce in non-metro markets

Qcom emerges as festive advertising hotspot as brands ramp up spending

Qcom advertising is estimated to account for Rs 2,200 crore of festive ad expenditure in 2026, up 50%, as platforms increasingly become product discovery channels