Page 48 - Industry News
India Inc's big foreign acquisitions yield no more than tepid returns
In eight of 10 occasions, the share prices of firms that spent billions buying marquee assets have underperformed the broader market after acquisition
 "India Inc's big foreign acquisitions yield no more than tepid returns")
Drug exports to US fall 10% in FY26 as EU and Africa drive growth
India's pharma exports hit a record in FY26 but growth slowed as US demand weakened; vaccines, bulk drugs and diversification into EU and Africa supported gains
 "Drug exports to US fall 10% in FY26 as EU and Africa drive growth")
Datanomics: Formal labour tag hides reality of industrial workers in India
Millions of them don't have clear job contracts and safety benefits
 "Datanomics: Formal labour tag hides reality of industrial workers in India")
Commercial LPG hike to aggravate job losses, drive up menu prices: Industry
The prices of commercial LPG - the one used in hotels and restaurants - have been hiked by Rs 993 to a record high of Rs 3,071.50 per 19-kg cylinder
 "Commercial LPG hike to aggravate job losses, drive up menu prices: Industry")
An 'Election Bill', says Rahul Gandhi on commercial LPG price hike
Opposition leaders criticise steep LPG price hike, warning of impact on small businesses and households, while government cites global energy trends to justify increase
 "An 'Election Bill', says Rahul Gandhi on commercial LPG price hike")
Hiring activity up 6% in April, insurance sector provides top boost: Report
The Naukri JobSpeak Index report is a monthly index that tracks trends in India's job market and hiring activities
 "Hiring activity up 6% in April, insurance sector provides top boost: Report")
Amit Shah lays foundation of 10,000 litres per day dairy plant in Kargil
The project is being implemented under the National Programme for Dairy Development (NPDD) of the Union Ministry of Fisheries, Animal Husbandry and Dairying, with a grant of ₹12.74 crore
 "Amit Shah lays foundation of 10,000 litres per day dairy plant in Kargil")
What Microsoft's VRS signals about workforce design in Big Tech in AI era
As Microsoft rolls out a voluntary retirement programme for its US workforce, experts say AI may push firms to trim middle layers and redirect costs
 "What Microsoft's VRS signals about workforce design in Big Tech in AI era")
Apple accuses CCI of overstepping authority as antitrust dispute escalates
After the CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May 21, the company has urged the Delhi HC to urgently intervene to put the matter on hold
 "Apple accuses CCI of overstepping authority as antitrust dispute escalates")
India's heatwave exposes fragile power grid as energy crunch deepens
Extreme heat and West Asia war disruptions strain India's energy supplies, driving power demand to record highs, triggering blackouts and worsening shortages of crude, LNG and cooking gas
 "India's heatwave exposes fragile power grid as energy crunch deepens")
Further oil spike likely to put the growth-inflation balance at risk
A fresh surge in crude oil prices amid West Asia tensions threatens to weaken India's growth outlook while pushing inflation higher in FY27
 "Further oil spike likely to put the growth-inflation balance at risk")
Venezuela, Brazil among India's top 5 crude oil suppliers in April
Supply disruptions in West Asia and Strait of Hormuz closure prompt India to recalibrate sourcing, with Venezuela and Brazil replacing Iraq and the US in April
 "Venezuela, Brazil among India's top 5 crude oil suppliers in April")
Multiple states roll out independent AI policies to drive investment, jobs
Maharashtra joins five states with AI policy as others roll out funds, skilling plans and frameworks to drive investment, innovation and public service delivery
 "Multiple states roll out independent AI policies to drive investment, jobs")
Indian shipyards to get right of first refusal in FY27 ship buying plan
Container vessels by SCI, Bharat Container Line dominate order plan
 "Indian shipyards to get right of first refusal in FY27 ship buying plan")
TN overtakes Gujarat as top marine fish producer in 2025: CMFRI data
India overall marine fish catch rose by 3 per cent to 3.57 million tonnes in 2025, shows Central Marine Fisheries Research Institute data
 "TN overtakes Gujarat as top marine fish producer in 2025: CMFRI data")
Indian oil firms' losses likely to ease as purchasing costs fall
Sharp decline in spot crude premiums offsets surge in Brent prices, offering partial relief to Indian oil marketing companies as global supply disruptions reshape pricing dynamics
 "Indian oil firms' losses likely to ease as purchasing costs fall")
Govt okays 58 critical mineral recyclers; investment commitments hit ₹5K cr
Companies pledge to create recycling capacity of 850 KTPA
 "Govt okays 58 critical mineral recyclers; investment commitments hit ₹5K cr")
Trai begins talk on vehicle-to-everything connectivity to boost road safety
Regulator seeks stakeholder views on spectrum use for V2X networks aimed at improving road safety, reducing accidents, and enabling intelligent transport systems
 "Trai begins talk on vehicle-to-everything connectivity to boost road safety")
Centre eases CME norms for medtech firms under UCMPMD with conditions
New UCMPMD amendment allows overseas training without prior approval in cases where equipment or expertise is unavailable domestically, shifting compliance responsibility to firms
 "Centre eases CME norms for medtech firms under UCMPMD with conditions")
Mumbai property registrations rise 6% in April 2026, best in 14 years
This was the best-ever April for the city in the past 14 years, signalling continued end-user demand
 "Mumbai property registrations rise 6% in April 2026, best in 14 years")