Page 41 - Industry News
CAG flags large-scale irregularities in SC/ST land transfers in Odisha
Audit finds violations of legal safeguards and poor scrutiny in approvals for transfer of SC/ST land to non-SC/ST buyers across multiple districts
 "CAG flags large-scale irregularities in SC/ST land transfers in Odisha")
Iran war, early summer may trigger thirsty times for Bengaluru's beer mkt
West Asia tensions, rising input costs and early summer demand strain Bengaluru's beer supply, though industry says impact remains limited for now
 "Iran war, early summer may trigger thirsty times for Bengaluru's beer mkt")
Tiger Global ruling: Despite Gaar relief, investors seek more clarity
Tax uncertainty persists after Supreme Court's Tiger Global ruling despite GAAR relief, with concerns over treaty benefits, TRC validity and indirect transfer taxation
 "Tiger Global ruling: Despite Gaar relief, investors seek more clarity")
Datanomics: Overdependence on China, US plagues India's pharma sector
Govt urges pharma firms to cut import reliance, boost domestic production and diversify exports as data shows rising foreign value addition and heavy dependence on China and the US
 "Datanomics: Overdependence on China, US plagues India's pharma sector")
New CSMT-Kurla rail lines: Parliament's PAC flags poor execution
PAC report cites delays, idle resources and land acquisition hurdles in Mumbai rail project, urging reforms in planning and execution
 "New CSMT-Kurla rail lines: Parliament's PAC flags poor execution")
LPG bookings edge toward normal as summer season eases demand
LPG demand eases as summer sets in; supplies normalise after West Asia disruption, with govt boosting output and restoring commercial gas availability
 "LPG bookings edge toward normal as summer season eases demand")
Coal ministry launches 15th auction, offers 17 blocks to boost output
Seventeen coal blocks, including reoffered mines, put up for auction as Centre looks to enhance domestic production and strengthen energy security
 "Coal ministry launches 15th auction, offers 17 blocks to boost output")
NITI calls for increased Centre-state coordination for tourism push
Vice Chairman Suman Bery stresses stronger coordination, better infrastructure and state-led execution to unlock tourism's potential as a key economic and cultural driver
 "NITI calls for increased Centre-state coordination for tourism push")
Vedanta was never formally declared as highest bidder for JAL: RP to NCLAT
Resolution professional counters Vedanta's claims in appellate tribunal, says email cited by firm did not amount to formal declaration of highest bid
 "Vedanta was never formally declared as highest bidder for JAL: RP to NCLAT")
SC lays down measures to curb illegal mining in Chambal sanctuary
Top court orders CCTV monitoring, GPS tracking and strict enforcement steps, warning of mining ban and paramilitary deployment if states fail to curb illegal extraction
 "SC lays down measures to curb illegal mining in Chambal sanctuary")
Parliamentary panel flags policy, capacity gaps in offshore mining push
Govt annulled first auction of 13 offshore mineral blocks after muted investor response last December
 "Parliamentary panel flags policy, capacity gaps in offshore mining push")
ISMA opposes cut in flex fuel vehicle incentives in CAFE-3 norms
CAFE norms, overseen by the Bureau of Energy Efficiency (BEE), require carmakers to keep the average carbon emissions of their fleet within a prescribed limit per year
 "ISMA opposes cut in flex fuel vehicle incentives in CAFE-3 norms")
Govt drops proposal to mandate national ID app Aadhaar on smartphones
The IT ministry held a "consultation with stakeholders from the electronics industry" before reaching its decision to drop the Aadhaar preloading proposal, UIDAI said in its statement
 "Govt drops proposal to mandate national ID app Aadhaar on smartphones")
Parliamentary panel flags fund parking and DBT lapses in education scheme
PAC report points to fund parking outside government accounts and delays in direct transfers under scholarship scheme, urging stronger oversight and DBT compliance
 "Parliamentary panel flags fund parking and DBT lapses in education scheme")
Star hotels in Goa self-downgrading to avoid higher fees: Minister Khaunte
Goa flags hotels downgrading star categories to cut fees; govt orders inspections and hints at action against officials over revenue loss
 "Star hotels in Goa self-downgrading to avoid higher fees: Minister Khaunte")
India's smartphone shipments drop 3% in Jan-Mar, weakest in six years
The quarter also reflected a phased flagship rollout and continued portfolio optimisation across price segments
 "India's smartphone shipments drop 3% in Jan-Mar, weakest in six years")
Govt lists banks allowed to import gold, silver after delay disrupts flows
Authorised by the RBI, the order permits 15 banks, including the State Bank of India, HDFC Bank, and Bank of India, to import both gold and silver from April 1, 2026, to March 31, 2029
 "Govt lists banks allowed to import gold, silver after delay disrupts flows")
Sagarmala Fin Corp eyes $1 billion FY27 fundraise to boost maritime lending
The state-owned company will raise the money through bonds, term loans and foreign-currency borrowings, said Managing Director LVS Sudhakar Babu
 "Sagarmala Fin Corp eyes $1 billion FY27 fundraise to boost maritime lending")
Mumbai's skyline soaring, but housing supply struggles to keep pace
These days prices for some apartments in Worli are on par with parts of New York, and developers are building luxury amenities to make analysts and traders feel at home
Mumbai's skyline soaring, but housing supply struggles to keep pace
These days prices for some apartments in Worli are on par with parts of New York, and developers are building luxury amenities to make analysts and traders feel at home
 "Mumbai's skyline soaring, but housing supply struggles to keep pace")