Page 43 - Industry News

Govt plans mobile PLI 2.0 with $5 billion outlay to boost exports

"The PLI 2.0 for mobile phones is in the works with a focus on boosting exports. It should be in place by May. The outlay is expected to be over $ 5 bn," a source on condition of anonymity told PTI

Panic booking of LPG cylinders recedes as deliveries exceed bookings

LPG bookings have declined sharply from peak levels as state-run OMCs ramp up deliveries, supported by higher production and measures to manage supply disruptions

Centre likely to remove mandatory registration for non-money egames

Government is likely to relax gaming rules by removing mandatory registration for non-monetised games and easing compliance requirements ahead of new framework

Strait of Hormuz crisis poses threat to India's luxury housing market

Developers stare at delayed imports of key materials, higher costs of imports and potential delay in construction timelines

Workers' salaries in UP, Haryana still below the national wage line

The average wage per worker per day has seen consistent annual increases across states as well as at the national level. However, Haryana and Uttar Pradesh remain below the national average

Heavy coal use, RE growth to insulate India from spike in power tariffs

India's reliance on domestic coal and rapid renewable energy expansion could shield it from global power tariff shocks, even as fuel prices surge amid the West Asia conflict

Govt rejects industry demand for gratuity relief under labour codes

Labour ministry has declined industry demand for grandfathering in gratuity rules, citing lack of provision in the original labour codes passed by Parliament

Telcos, ISPs want property managers to bear connectivity infra costs

Telecom firms and ISPs have urged Trai to place responsibility for digital connectivity costs and building ratings on property managers, not service providers

Sergio Gor, Hardeep Puri discuss 'expanding access to American energy'

US envoy Sergio Gor and Hardeep Singh Puri discussed access to American energy and strengthening bilateral ties, a day after PM Narendra Modi's call with US President Donald Trump

Govt explores ECLGS-like credit scheme for MSMEs amid West Asia crisis

Field officers of the MSME Ministry are in constant touch with MSME associations and the National Small Industries Corporation (NSIC) to provide domestic bulk raw materials to MSMEs

Ficci appoints Anant Swarup as Secretary General with immediate effect

Swarup has over three decades of experience in public policy, trade remedies, logistics, regulatory reform, and international negotiations, having served in various leadership positions

Another steam generator dispatched to NPCIL ahead of schedule, says L&T

The steam generators are used in pressurised heavy water reactors to convert water into steam, driving turbines for electricity generation

Shipping bottlenecks squeeze pharma flows as Hormuz crisis impact deepens

India's pharmaceutical industry remains dependent on China for bulk drugs, particularly fermentation-based antibiotics, vitamins and intermediates

Govt notifies pricing norms for low-grade iron ore to boost production

The Centre has introduced a pricing mechanism for low-grade iron ore to make beneficiation viable, reduce royalty burden and ensure steady supply to the steel industry

Govt panel proposes aid to help power sector shift to green switchgear

A government panel has proposed financial incentives to promote green switchgear adoption, citing high costs and evolving technology, and to reduce dependence on imports

Oil PSUs ramped up Russian oil purchases 148% in March amid supply shock

India imported hydrocarbons worth 5.8 billion euros from Russia in March

IRCTC Payments looks to capture ticketing, govt clients to boost volumes

Indian Railway Catering and Tourism Corporation eyes ₹1 trillion payments scale by expanding into ticketing and government clients through its payments arm

Listed hotel companies may add 70,000 keys to sector by FY30: CBRE

India's hospitality sector is set for long-term expansion as strong domestic tourism, rising incomes and premiumisation trends drive hotel chains to add over 70,000 keys by 2030

NBFCs likely to report strong March-quarter profit despite margin pressure

NBFCs are likely to report healthy Q4FY26 earnings on steady credit demand, though elevated funding costs and geopolitical risks may weigh on margins and asset quality

Nasscom calls TCS incident isolated, reiterates IT sector safety norms

Nasscom says the TCS harassment case is isolated and not reflective of the IT industry, reiterating strict safety norms, governance frameworks, and zero tolerance for misconduct