Page 47 - Industry News

Green hydrogen hub in Andhra Pradesh offers mega opportunity: NGEL CEO

NTPC Green Energy chief says the Rs 1.85 lakh crore project will spur demand for electrical equipment, while CEA flags grid stability and equipment lead times

Indian steel exports may fall up to 30% in FY27 as EU tightens quotas

Crisil Intelligence says lower EU duty-free quotas and stiffer competition could reduce exports and put pressure on domestic steel prices this financial year

RPG Life Sciences carves out API arm; InvAscent to invest up to ₹243 crore

Company scouts for USFDA-approved assets; on track for ₹1,000 crore in revenue by FY28

UP lines up ₹6 trn investment projects, targets ₹8 trn for GBC 5.0

Uttar Pradesh has lined up projects worth ₹6 trillion for GBC 5.0 and aims to expand the pipeline to ₹8 trillion as it accelerates industrial investments

RIICO gets 449 applications for 240 industrial plots in Rajasthan

RIICO received 449 applications for 240 industrial plots under its Direct Allotment Scheme, reflecting strong investor interest in Rajasthan's manufacturing sector

M3M India to invest ₹600 crore to build commercial project in Gurugram

The realty firm launched the M3M Capital Financial Center at Dwarka Expressway, with the project expected to be completed by 2029

Kudankulam nuclear project costs jump 55% after delays due to Ukraine war

Construction delays linked to the Ukraine war have pushed the estimated cost of four new Russian-designed reactors at Kudankulam to ₹1.38 trillion

FSSAI suspends licence of Dior Pharmaceuticals for violations at factory

The food regulator cited serious lapses in manufacturing, hygiene and food safety practices at the company's nutraceutical unit in Punjab

India's critical minerals demand set to surge 10 times by 2047: Report

Grant Thornton Bharat has called for faster investment in recycling, refining, traceability, and overseas assets as clean energy and electric mobility drive mineral demand

IPL's business value rises to $20.6 billion in 2026 as tycoons flock

Houlihan Lokey's 2026 IPL Brand Valuation Study found that IPL's standalone brand value has risen to $4.3 billion, up 10.3% from the previous year

Sun Pharma to launch semaglutide in Brazil with Hypera Pharma soon

Sun Pharma will launch the once-weekly diabetes treatment through Hypera Pharma as generic competition intensifies in Brazil's $413 million semaglutide market

Bengaluru restaurants threaten Swiggy, Zomato boycott: What's the dispute?

Bengaluru's restaurant bodies have flagged concerns over commissions, discounts, ad fees and payout deductions, saying the charges are squeezing margins and hurting profitability

100-octane premium petrol sales double amid E20 vehicle damage concerns

Demand for 100-octane petrol has surged, particularly in Delhi, as social media claims over E20-related vehicle damage prompt more motorists to switch fuels

India shifts methanol imports to China amid West Asia conflict: Crisil

Report says supply disruptions and soaring prices prompted India to diversify sourcing away from the Middle East while boosting imports from China

Odisha's women powering MSME boom with eightfold rise in enterprises

Women-led MSMEs are surging in Odisha, with registrations rising eightfold in six years as policy support helps first-generation entrepreneurs create jobs

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing

Power discoms await revival as structural reform delays persist in India

Power discoms posted a Rs 2,701 crore profit in FY25, but heavy subsidy dependence, weak tariffs and persistent operational gaps continue to threaten a durable revival

Services output growth cools in May as postal, broadcasting contract

NSO's trial services index shows fewer sectors posting double-digit growth, though accommodation, banking and retail continue to lead the expansion

No address yet for Tata Power's Odisha nuclear plant as site awaits nod

Government evaluating proposals amid plans to expand India's nuclear capacity to 100 Gw by 2047

Scindia announces India's first Telecom Manufacturing Zone in Gwalior

Centre and Madhya Pradesh to sign an MoU for the Phase-I project as India looks to strengthen telecom manufacturing and accelerate 6G ambitions