Page 44 - Industry News

Higher tobacco taxes hit cigarette makers' net revenue, profit in Q1FY27

Though reported revenues (from operations) of cigarette companies surged as the higher duty component was reflected in sales, their underlying revenues (net revenue) and profits came under pressure

WSHA to train 2,000 disadvantaged youth in India for hospitality jobs: CEO

The initiative aims to improve youth employment and promote inclusivity by providing young people with the skills and experience needed to embark on their careers in the hospitality industry

NCLAT rejects DoT plea against Rolta resolution plan over ₹469 crore dues

The DoT had challenged the resolution plan approved by NCLT while claiming statutory dues of ₹469.09 crore towards unpaid licence fees

GST rationalisation for hotels, restaurants can boost tourism: SOTC CEO

The GST Council had last year reduced GST on hotel rooms with tariffs of up to ₹7,500 per night to 5% from 12%, without input tax credit, to make accommodation more affordable and support tourism

FDI policy change set to lift ODOP, handicraft exports via online platforms

One District One Product (ODOP) is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) for promotion of at least one product from each district of the country

ISM panel studying semicon chip security: Meity additional secretary

Amitesh Kumar Sinha said the committee's recommendations are likely within weeks after operational guidelines for the Rs 1.27 lakh crore ISM 2.0 are released

Coal pensioners seek ₹10,000 minimum payout as Centre rules out revision

Retirees seek inflation-linked revisions after the government told Parliament no enhancement proposal is under consideration following an actuarial assessment of the pension fund

HUL, Asian Paints among firms planning price hikes before festive season

Leading consumer companies, including Hindustan Unilever and Asian Paints, are planning price hikes ahead of the festive season as higher commodity costs and inflationary pressures squeeze margins

Cabinet clears ₹84K cr scheme to boost offshore energy exploration

The National Offshore Exploration Scheme aims to boost domestic oil and gas production through seismic surveys, deepwater drilling and shared offshore infrastructure

Govt asks Rera to extend timelines of realty projects by 4 months

The ministry cited force majeure conditions arising from the West Asia war and advised state regulators to extend registration and completion timelines for eligible projects

Solar met over 20% of peak power demand in June quarter: CREA report

Solar generation rose 37 per cent year-on-year in Q1FY27 and met more than one-fifth of peak electricity demand as renewable energy's role in India's power mix expanded

NIT Rourkela develops advanced composite for aerospace, auto sectors

The patented three-dimensional reinforced composite technology improves strength, durability and damage tolerance for applications ranging from aerospace to renewable energy

Flipkart-Netflix deal to earn buyers OTT plans, benefit launches on Aug 1

Flipkart Plus members can unlock a month of Netflix by completing four eligible monthly orders, marking Netflix's first e-commerce partnership in India

Odisha inks 13 MoUs for ₹913 crore women-led investment proposals

The investment proposals span hospitality, biotechnology, manufacturing, agribusiness and renewable energy, with the potential to create more than 4,300 jobs

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

Cabinet approves ₹5,070 crore scheme for floating solar power projects

PM Surya Sarovar Yojana: Under the scheme, eligible projects will receive Central Financial Assistance (CFA) of ₹1 crore per MW after they are successfully commissioned

Flipkart's food delivery push reflects India's digital ecosystem ambitions

Flipkart's reported food delivery plans point to a shift in India's consumer internet sector, where companies are expanding beyond core businesses to up customer engagement, unlock new revenue streams

From Priya Nair to Sudha Murty, Hurun India spotlights women leaders

The 2026 Candere Hurun India Women Leaders List features 117 women across 12 categories, recognising achievements in business, sports, literature and social impact

Jio Credit, others raise ₹2,520 crore via corporate bond issuances

Companies tap the debt market ahead of the RBI's monetary policy review, with market participants expecting stronger primary activity next month

Will clear JNPA container backlog by mid-August, says Concor CMD

State-owned logistics operator says container pendency at JNPA has fallen sharply and expects domestic container volumes to grow 25 per cent this financial year