Page 47 - Industry News
Easier exploration norms to speed up auctions of felspar, mica, quartz
Govt proposes easing exploration norms to fast-track auctions of felspar, mica and quartz, while retaining stricter rules for critical minerals
 "Easier exploration norms to speed up auctions of felspar, mica, quartz")
India defers power plant maintenance to add capacity for summer peak
Power plants have to annual take a shutdown for maintenance and repair of wear-and-tear in the machinery but this has been posted to make available electricity to meet peak demand
 "India defers power plant maintenance to add capacity for summer peak")
Rising costs likely to slow expansion plans of Bengal foundry units
Rising raw material and logistics costs amid global tensions threaten ₹2,000 crore expansion plans of Bengal's foundry sector
 "Rising costs likely to slow expansion plans of Bengal foundry units")
Govt finalising policy to build domestic critical minerals value chain
Policy aims to build domestic processing capacity for critical minerals, reduce import dependence and strengthen supply chains for EV batteries and manufacturing
 "Govt finalising policy to build domestic critical minerals value chain")
Drug regulator may retain GMP relaxations in Schedule M for select products
DTAB recommends continuing GMP exemptions under revised Schedule M for disinfectants, medical gases and gelatin capsules, citing limited relevance of strict norms
 "Drug regulator may retain GMP relaxations in Schedule M for select products")
Centre eyes TReDS extension to defence procurement to ease MSME payments
Government is exploring extending TReDS to defence procurement to improve MSME liquidity, address delayed payments, and encourage greater participation in the sector
 "Centre eyes TReDS extension to defence procurement to ease MSME payments")
Lenders favour MSME loan restructuring over moratorium amid stress
Banks prefer restructuring MSME loans over moratoriums to maintain credit discipline, as stress from US tariffs and the West Asia crisis raises concerns over repayment capacity
 "Lenders favour MSME loan restructuring over moratorium amid stress")
India's power demand rises 1.7% in March, growth subdued by rainfall
India's power demand rose modestly in March due to above-normal rainfall and a high base, while lower demand also eased short-term market prices
Odisha CM Mohan Charan Majhi inaugurates grid substations worth ₹600 crore
Odisha CM Mohan Majhi inaugurates grid substations and transmission lines worth Rs 600 crore to improve power supply, benefiting 22 lakh consumers in Bhubaneswar and nearby areas
 "Odisha CM Mohan Charan Majhi inaugurates grid substations worth ₹600 crore")
West Asia conflict likely to weigh on India Inc's Q4 FY26 results
The combined net profit of Nifty 50 companies likely to grow by 4.2 per cent Y-o-Y in Q4FY26, lowest in the last seven quarters
 "West Asia conflict likely to weigh on India Inc's Q4 FY26 results")
CDSCO moves to fast-track foreign drug import approvals, cut delays
Regulator plans to cut delays by allowing direct submission of Form 40 applications to DCGI, aiming to improve efficiency in drug import approvals
 "CDSCO moves to fast-track foreign drug import approvals, cut delays")
India's e-retail market hits $66 billion as growth reaccelerates
Bain-Flipkart report highlights strong consumption, rising Gen Z demand and rapid quick-commerce growth, with market poised for sustained expansion
 "India's e-retail market hits $66 billion as growth reaccelerates")
India constructing 235 GW power generation capacity across resources: CEA
CEA report shows massive pipeline of power projects, with renewables dominating additions and fossil fuel share set to decline to 30 per cent by 2035-36
 "India constructing 235 GW power generation capacity across resources: CEA")
Delhi HC sets deadline for copyright office to register AI artwork
Court directs Registrar to rule on AI-generated artwork copyright application, raising key questions on authorship and legal recognition under Indian law
 "Delhi HC sets deadline for copyright office to register AI artwork")
Semaglutide generics hit Mounjaro sales, market share after patent expiry
Generic semaglutide surge dents Mounjaro sales, reshaping India's fast-growing GLP-1 diabetes and obesity drug market
 "Semaglutide generics hit Mounjaro sales, market share after patent expiry")
AI can help general trade, boost annual revenues up to 20%: BCG research
Study highlights how AI-driven sales planning, execution and backend automation can transform general trade channels and unlock significant revenue growth
 "AI can help general trade, boost annual revenues up to 20%: BCG research")
Anthropic joins hands with AWS, Apple, Microsoft for Project Glasswing
Initiative aims to deploy Claude Mythos AI for defensive cybersecurity, with partners working to identify vulnerabilities and strengthen global digital infrastructure
 "Anthropic joins hands with AWS, Apple, Microsoft for Project Glasswing")
Hardeep Puri heads to Qatar as LNG supplies disrupt amid US-Iran war
Oil minister visits Qatar after US-Iran ceasefire, as LNG disruptions from QatarEnergy raise concerns over India's energy supplies and gas allocation priorities
 "Hardeep Puri heads to Qatar as LNG supplies disrupt amid US-Iran war")
Early signs of stress from West Asia crisis visible across sectors: FICCI
The report also suggests that the government may initiate consultations within the GST Council to explore a roadmap for the inclusion of petroleum products under GST
 "Early signs of stress from West Asia crisis visible across sectors: FICCI")
NCLT issues notice on Sebi plea in Jindal Poly Films class action
Tribunal seeks responses from company, flags exit of original petitioners after share sale and considers intervention pleas in ongoing class action
 "NCLT issues notice on Sebi plea in Jindal Poly Films class action")