Page 4 - Industry News

India signs world's largest green hydrogen offtake commitments: MNRE

Twenty-three contracts covering over 550,000 tonnes per annum of green hydrogen equivalent have been signed since 2023, with more than 70 per cent earmarked for exports

HERC halts Eleven Power's parallel distribution licence for Gurugram, Nuh

HERC has halted the parallel distribution licence granted to Eleven Power for Gurugram and Nuh following state government directions, raising concerns over power sector reforms.

Textiles PLI scheme reopens with lower ₹100 crore turnover threshold

The Centre has lowered the minimum turnover requirement from Rs 200 crore to Rs 100 crore and extended the scheme's tenure to FY34 for applicants approved under Round 4.

DPR for proposed Tuticorin Shipyard in six months: Sarbananda Sonowal

The proposed shipyard, backed by a nearly $4 billion investment from South Korea's HD Hyundai, is expected to become India's largest commercial shipyard once operational

GIFT City eyes global financial hub status with easier rules, new avenues

GIFT City is looking to attract overseas listings and global investors, with new guidelines for Indian issuers expected soon, industry leaders said at the Business Standard BFSI Summit in Mumbai

India requires $220 bn for renewable energy expansion by 2030: MNRE secy

The investment roadmap covers solar, wind, energy storage, manufacturing, green hydrogen and transmission, with the government seeking to mobilise funds over the next four to five years.

CDSCO asks states, UTs to mandate raw material tests for drugmakers

The drug regulator has asked states and UTs to enforce raw material testing and vendor qualification by manufacturers, following concerns over contaminated cough syrups and drug safety.

Jio adds 2.713 mn mobile users, Airtel gains 2.692 mn in Sept: Trai

With the latest additions, Jio's wireless mobile subscriber tally increased to 511.1 million at September-end, compared with Airtel's 494.3 million, and Vodafone Idea's over 200 million count

Haryana power reform faces setback as govt opposes private distribution

Haryana's move to allow Eleven Power to compete with state-run DHBVN faces political headwinds and employee protests, raising questions over the future of Open Access in the power sector

Wabtec developing India as a global centre of excellence for export

Wabtec secures a $94 million Vande Bharat Sleeper deal with Indian Railways and plans to develop India as a global manufacturing and engineering hub for exports

India and the battle for satellites: The race for wider connectivity

Sly innuendos aside, the recent social media exchanges involving Starlink make a case for harnessing satellites to roll out connectivity more evenly across India

Satcom at tech inflection point; India can build on momentum: Trai chief

Satellite communications in India is on the cusp of major commercial and technological innovation, and has the potential to propel the country to new heights, Trai Chairman Anil Kumar Lahoti said

Venezuelan crude offers Reliance margin boost, but supply is a hurdle

Marco Rubio's meeting with Mukesh Ambani has revived interest in Venezuelan crude, but limited supply and strong global refining margins could constrain Reliance's advantage over rivals

UPI needs sustainable revenue model for growth: PhonePe CEO on MDR debate

At Business Standard BFSI Insight Summit, PhonePe's Sameer Nigam says MDR is necessary for UPI's growth, while questioning criticism of foreign investors who helped build India's payments ecosystem

91Springboard to add 8,000 seats across 3.6 lakh sq ft in five new hubs

The workspace provider is expanding across Chennai, MMR and NCR, with plans to strengthen its presence in key markets before accelerating its entry into Tier-2 cities

JLL sets up global treasury centre at GIFT City to centralise operations

The new entity will oversee funding, liquidity and banking administration across multiple regions, giving JLL access to international capital markets through the IFSC

Mahindra Lifespace adds 10.5-acre land in Bengaluru for housing project

The project is estimated to offer about 1 million (10 lakh) sq ft of saleable area, and is expected to have a revenue potential of around ₹1,250 crore

India poised to refine for world as global capacity declines: Hardeep Puri

India's refining capacity is currently around 290 million tonnes per annum and is expected to expand further by scaling up existing facilities and adding new projects, he said

Insurers need stronger safeguards against AI-driven fraud, say experts

Business Standard BFSI Insight Summit 2026: Insurers say AI-generated documents and evolving cyber threats are testing traditional risk assessment, prompting calls for stronger safeguards

No intention to increase ethanol blending in fuel beyond 20%: Hardeep Puri

The government has been promoting ethanol-blended petrol as part of its strategy to reduce dependence on imported crude oil, one of the biggest contributors to its current account deficit