Page 354 - Industry News

Leading FMCG players hike soap prices by 7-8% as palm oil rates go up

Companies such as HUL and Tata Consumer have also increased prices of tea recently due to a decline in production caused by erratic weather conditions

90% of Indian firms mandate office work, surpass global average: JLL report

Indian firms lead in-office work trends with 90% requiring more than three office days weekly; over 54% of Indian companies expect an increase in office attendance by 2030, compared to 43% globally

Govt to expand EV manufacturing incentives after Tesla disappointment

Under the policy announced in March, an automaker investing at least $500 million to manufacture EVs in India with 50 per cent of components sourced locally is entitled to a huge cut on import taxes

India cuts back cheap gas for vehicles even as bad air chokes Delhi

New Delhi, one of world's most polluted cities, was pushed into CNG well over 2 decades ago after a Supreme Court ruling that demanded conversion of all public buses to cope with worsening air quality

IT Ministry seeks Cabinet nod for Rs 40,000 cr electronics package in Dec

The financial package would include subsidies for capital expenditure and production-linked incentives to encourage job creation and develop an ecosystem for electronic component manufacturing

World's biggest steelmakers failing to switch to renewables: Survey

Steel is responsible for 7% of global carbon dioxide emissions, around the same as India, with coal-fired blast furnaces producing 2 metric tons of CO2 for each ton of output

Rewriting maritime map: Centre charts course for broader ship ownership

Shipping ministry seeks maritime overhaul with 4 key bills lined up in Parliament session

Leverage for primary steel firms may reach five-year high: CRISIL Ratings

Major steel producers have been on an expansion spree. Ongoing capex is expected to boost capacity by 30 mn tonne per annum (mtpa) by fiscal 2027, of which 20 mtpa is to be added by the end of fiscal

First auction of its kind: 13 offshore mineral blocks up for bidding

Offers include sand blocks in Kollam, lime mud in Porbandar, and polymetallic reserves near Great Nicobar Island

Telcos call for prompt notification of guidelines to curb spam calls

Draft norms had called for tracing and taking action against spam sources

Ola Electric's Bhavish Aggarwal declares a price war in e-scooters

But he faces questions over sustainability and a new challenge from Honda

Govt in talks with Mongolia to set up pact focusing mineral shipments

The talks come at a time when multiple domestic steelmakers, such as JSW Steel and SAIL, are also in talks with the landlocked nation to import coking coal

Mandate on message traceability will not delay SMS delivery, says Trai

Taking to X, TRAI dismissed as "factually incorrect" reports which suggested that OTP messages could get delayed from December 1

Entry-level workforce across key sectors to earn better salaries: Report

It said the increasing demand for Artificial Intelligence/Machine Learning (AI/ML) skills in software development to enhance productivity, accuracy, and innovation is further driving this trend

India's iron ore production rises 4% to 158.4 mn tonnes in Apr-Oct

Continued growth in production of iron ore in the current financial year shows the robust demand conditions in the user industry

Fall in steel prices may impact profitability of domestic producers: CRISIL

Despite an increase in sales volume and lower cost pressures, mainly due to reduced coking coal prices, the operating profit margin will remain at 15-16 per cent in the current financial year, it said

Goa govt eyeing Rs 500 cr revenue via e-auction of unclaimed iron ore dumps

The state government on Thursday approved the revised Goa Iron Ore Mining Dump Handling Policy, 2023, which allows it to e-auction unclaimed ore lying in the form of dumps at various private locations

Expressed 'deep disappointment' at EU's unilateral green regulations: Goyal

In the meeting, the commerce and industry minister highlighted the issues faced by the Indian exporters arising due to EU's green economy measures such as CBAM and EU Deforestation Regulation

DGCA warns Akasa for skipping pilot training after hard landing incident

A hard landing happens when an aircraft touches down at a speed exceeding the manufacturer's recommended limit

Lam Research to offer onsite support for Tata Electronics' chip fab in Guj

Lam Research India's virtual fab platform, 'Semiverse', is used by fabs and customers globally to simulate fabrication processes