Page 45 - Industry News

Odisha receives investment commitments worth ₹48,330 crore in Gujarat

Odisha secured investment commitments worth Rs 48,330 crore during investor outreach events in Gujarat across sectors such as chemicals, engineering and green energy

DRL-Nestle JV launches Celevida product line for GLP-1 therapy patients

Dr Reddy's-Nestle Health Science JV launched Celevida GLP+ to support nutrition and muscle health among patients on GLP-1 and GIP therapies

India's pharma market grows 10.3% in April on strong chronic performance

India's pharmaceutical market grew 10.3 per cent in April, led by strong demand for anti-diabetes, cardiac and respiratory therapies

No double standards for CNG 3Ws: Bajaj Auto on Delhi draft EV policy

Selective restrictions could distort policy framework, says Bajaj Auto

EAC-PM proposes social equity-led approach for priority sector lending

The EAC-PM has urged a review of India's priority sector lending norms, recommending a sharper focus on social equity and credit access for vulnerable groups

India one of most dynamic opportunities in global commerce: Walmart CEO

Walmart says India is a key global commerce hub, with the retailer sourcing over $40 billion in goods while expanding support for MSMEs and exporters

Govt extends subsidy scheme for firms flagging merchant ships until FY31

The Centre has extended the subsidy scheme for Indian-flagged merchant ships till FY31 to strengthen domestic shipping capacity and boost India's global maritime presence

Why Musk's $60 billion Cursor bet is really about AI's 'last mile'

SpaceX has secured an option to acquire AI coding startup Anysphere for $60 billion, placing Elon Musk in the race to control how AI-powered software is built

Alcoholic beverage industry seeks price hike as costs rise amid Iran war

Severe shortage of commercial LNG supply has put glass bottle manufacturers under significant strain, and they too face partial or full shutdowns

India's power demand likely to grow by 5 to 5.5% in FY27, says Icra

The all-India thermal plant load factor (PLF or capacity utilisation) level fell to 65-66 per cent in 2025-26 amid demand moderation and is likely to remain around 65 per cent in 2026-27

Centre plans to bolster key export scheme as Iran war sours trade outlook

West Asia conflict weakened trade in March, with India's merchandise exports falling 7.4 per cent year-on-year and 24 of 30 major export categories declining

India has opportunity to shape AI-native govt: ServiceNow vice chairman

Asked how ServiceNow will drive AI use in public sector, Tzitzon spoke of need to maximise the quality of the services to the public in a way that minimises the need to consistently raise tax revenue

Apple, CleanMax join hands to invest ₹100 crore in India's energy sector

With the partnership, the entities aim to cater to the Commercial and Industrial (C&I) segment in the country with the deployment of clean energy projects

Eli Lilly's Mounjaro overtakes Merck's Keytruda as world's top-selling drug

Mounjaro generated $8.7 billion for Lilly in the first quarter of 2026, outperforming Merck's Keytruda, which posted sales of $7.9 billion

Prada faces a devil of dilemma, but India too has deeper issues to address

India's GI-tagged crafts like Kolhapuri chappals lack the strong global legal safeguards enjoyed by Western products such as Champagne, leaving traditional artisans vulnerable to misuse

Why Indian companies don't want to invest in India despite incentives

Despite tax cuts and reforms, India Inc remains wary of investing at home amid concerns over political unpredictability, policy risks and lack of administrative certainty

Mindspace Reit raises Rs 500 crore through 10-year NCD issuance

K Raheja Corp-backed Mindspace Reit has raised Rs 500 crore through a 10-year NCD issue to refinance debt and improve cash flow stability

Q1 2026 real estate sentiment weakens amid global uncertainty: Report

India's real estate sentiment slipped into pessimistic territory in Q1 2026 as global uncertainties, rising costs and cautious demand weighed on outlook

OpenAI, Anthropic move into services: What this means for Indian IT

As AI companies move closer to enterprise clients, the shift could disrupt the existing IT models and force firms like TCS and Infosys to adapt faster

Railways clears track for SCoR after years of Odisha-Andhra tug of war

The Centre has notified South Coast Railway as Indian Railways' 18th zone, ending years of administrative and political negotiations over the revenue-rich Waltair division