Page 45 - Industry News

Higher-grade fuel gets costlier amid spike in oil prices; OMCs hike rates

Benchmark Brent prices slipped to around $105 per barrel on Friday, from the highs of $119 a day earlier

Retailers embrace redesign, renovation as premiumisation takes centre stage

Retailers are redesigning stores with minimalist aesthetics and premium formats as rising consumer demand for curated experiences drives a shift in retail presentation

Supreme Court forms panel to review NCERT chapter on 'judicial corruption'

Centre tells Supreme Court it has finalised an expert panel to review NCERT content on alleged judicial corruption, including senior legal figures and a sitting judge

Time well spent: Luxury watchmakers bet big on experiential retail in India

Luxury watch brands in India pivot to immersive, experience-led retail as consumers prioritise storytelling, craftsmanship, and engagement over mere product purchase

Ad-vantage AI: Humans remain the creative filter in evolving advertising

AI is transforming advertising in India-cutting costs and speeding execution-yet human creativity remains central to emotional storytelling and brand impact

Vedanta chairman calls for faster reforms to unlock mining potential

Vedanta chairman Anil Agarwal highlights delays in operationalising auctioned mineral blocks, urging reforms to boost production and reduce India's import dependence

Premium push: Installed base of Indian mobiles witnesses dramatic change

India's smartphone market shifts towards premium devices, pushing brands like Xiaomi and Transsion to rethink strategies amid rising prices and 5G adoption

IEA suggests work from home, avoid air travel amid rising energy costs

Agency outlines measures such as remote work, reduced travel and public transport use to ease demand as oil prices surge amid West Asia conflict

Odisha loses ₹4,162 crore to iron ore undervaluation, steps up checks

State reports Rs 4,162 crore loss due to ore undervaluation, introduces AI-driven monitoring and stricter rules to curb misreporting and improve transparency in mining

Centre proposes price caps, trading curbs in mineral exchange rules

Draft rules mandate strict surveillance, price disclosure and regulatory powers to cap prices and halt trading, aiming to formalise and bring transparency to mineral markets

India to attract ₹7.9 trillion for transmission to support clean energy

CEA estimates Rs 7.9 lakh crore investment in transmission infrastructure to support over 900 GW of non-fossil capacity, amid rising demand and renewable energy integration

Core sector growth slows to 2.3% in Feb on fall in oil, gas output

Production of crude oil, natural gas, and refinery products declined during the month

Tata Motors Passenger Vehicles to hike prices of ICE products from April 1

Tata Motors to raise prices of ICE passenger vehicles by 0.5% from April 1 to offset rising input costs

Tata Steel inaugurates scrap-based e-furnace for sustainable steelmaking

Tata Steel launches ₹3,200 crore green steel plant in Ludhiana, boosting low-carbon production and advancing India's sustainable manufacturing push

Premium petrol prices hiked by ₹2; normal petrol, diesel price unchanged

HPCL raised premium petrol prices by ₹2 per litre, while regular petrol and diesel rates remain unchanged

Govt files 41 FIRs as PMKVY inspections flag concerns at training centres

Government files FIRs against Skill India centres over PMKVY irregularities, tightens monitoring with tech-driven checks under revamped scheme

India's gas utilities eye market share gains amid LPG shortage crisis

The push underscores the nation's struggles with liquefied petroleum gas, used in more than 330 million homes to cook meals, as well as in industries from steel to automobiles

MRO demand set to reach $5.7 billion by 2030, driven by engine services

Alton forecasts that India's commercial aircraft fleet will grow to more than 1,800 aircraft by 2030, with narrow-body aircraft almost doubling from over 700 aircraft today to over 1,300

Govt invites bids for 6,000 MTPA rare earth magnet manufacturing

The pre-bid conference will be held on April 7 while the bid due date is May 28

Centre invites bids to set up rare earth magnet unit under ₹7,280 cr scheme

The request for proposal seeks applicants to establish integrated Sintered NdFeB Rare Earth Permanent Magnet (REPM) units with a total capacity of 6,000 metric tonnes per annum (MTPA)