Page 437 - Industry News

Govt considers reintroducing 15% concessional corporate tax in FY26 Budget

The Centre has set up an internal committee to evaluate the benefits of the 15% concessional tax rate scheme for new domestic manufacturing units, introduced in FY20

Billionaire battle heats up as Adani challenges Birla in cement space

The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India's infrastructure boom

WTO accepts India's request to delay import duty dispute ruling till Oct

The issue came up during a meeting of the dispute settlement body (DSB) in Geneva on July 26

DoT plans to update trade codes for telco gear for better tracking

Trai wants HSN codes updated to better identify products & trade

DLF's growth potential anchors market confidence, brick by brick

Constructing value: With fortified finances, real estate major builds on sector consolidation

'DGMS focuses on safety amid increase in commercial coal mine auctions'

The Directorate General of Mines Safety (DGMS) emphasises ensuring adherence to safety norms among new players

Khadi, handloom sale rising and creating job opportunities: PM Modi

In his monthly Mann Ki Baat radio broadcast, Modi said many people who would not be using Khadi products earlier now wear them with great pride

Office or hotel? Workspaces embrace hospitality trends for employees

New-age offices and co-working spaces are adding creches, cafes, and concierge services

DPIIT working on proposal to further tighten FDI rules in tobacco sector

At present, foreign direct investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco

Advancing 119 projects worth Rs 1,33,576 cr to boost output: Coal India

These projects, which are at various stages of implementation, are part of CIL's proactive strategy to increase production capacity and meet future coal demands

Govt scraps auction of 3 mineral blocks, including lithium mine in J-K

The auction is a part of the government's push towards cleaner alternatives and self-reliance in critical mineral supplies

Investment in equity MFs surge 5-fold to Rs 94,151 cr in June quarter

The robust gain in the asset base was also replicated in the growth of investors in equity mutual funds, with the number of folios closing at 13.3 crore

Scindia promises 100% telecom connectivity in all villages in next 1 yr

Union Minister Jyotiraditya M Scindia said on Saturday that 100 per cent coverage of villages in terms of telecom connectivity in the country is targeted in the next 12 months.

India's domestic steel production likely to cross 300 mn tonnes by 2030

The current steel demand remains strong with infrastructure push from the government and expecting a growth of about 10 per cent

Steel ministry knocks on finance ministry's door for RINL support

The request to finance ministry is to help RINL continue as a going concern

Roadmap for decarbonisation of steel to be out for public consultation soon

India's steel sector accounts for about 12% of total greenhouse gas emissions, with an emission intensity of 2.55 tonnes of CO2 per tonne of crude steel compared to a global average of 1.9 tonne

About 151 GW green capacity under implementation in India: Pralhad Joshi

The tendering process for 76.42 GW capacity of projects has already been completed, the minister said

August rush: Airfares jump by 46% as long holiday week drives demand

Industry sources state that a significant number of planes in India continue to be grounded due to engine issues, supply chain problems, or financial difficulties

Steel industry in talks with govt for level-playing field: Sajjan Jindal

Cheap imports affecting domestic companies' margins, says chairman and managing director of JSW Steel

Mobile phones, components worth Rs 5.14 trillion produced under PLI scheme

"As of June 30, 2024, incremental investment of Rs 8,803.14 crores had been made under the SPECS scheme. This has led to production of Rs 18,083.55 crores till 30th June 2024," Prasada said