Page 5 - Industry News

State scrutiny of pharma price mark-ups may lead to review of TMR policy

Drug regulators in Maharashtra, Karnataka and Uttar Pradesh are gathering data on price mark-ups, potentially strengthening the case for a review of trade margin rationalisation

PE investments into Indian real estate rise 23% to $2.7 bn in H1 FY27

Private equity inflows into Indian real estate rose 23 per cent to $2.7 billion in H1 FY27, led by stronger domestic capital and large foreign investments in data centres

Domestic steel demand to grow 8-10% in H2 FY27: Tata Steel CEO

The industry executive made the remarks on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in the national capital

IHCL's Ginger becomes first brand to operate 100 hotels across India

IHCL's Ginger has become the first hotel brand in India to operate 100 properties, with new hotels planned at airports and major transit hubs to expand its presence

Reliance sues India's food regulator over 'energy drink' label ban

PepsiCo and Monster Beverage sued the regulator last week over the ban, while Austria's Red Bull secured a court reprieve to continue using the label

Several states seek extra power to avoid outages as supply tightens

Rajasthan and ​Gujarat, among India's leading renewable-energy states, have sought additional supplies, along with other states including Maharashtra, ‌Tamil Nadu, Andhra, Bengal, UP and Delhi

Datanomics: India's milk production increases faster than consumption

Union Home and Cooperation Minister Amit Shah laid the foundation stone of a dairy plant worth Rs 255 crore in Madhya Pradesh on October 3

GST Council may give export status to clinical trials for overseas sponsors

Proposals include ITC relief on free samples and expired drugs, while a 90% refund of accumulated credit could ease working-capital pressure for drugmakers

Scindia pitches India as global base for innovation and production

Telecom Minister Jyotiraditya Scindia says the convergence of connectivity, digital public infrastructure and AI can drive economic empowerment and global-scale capabilities

FSSAI asks states to step up food inspections ahead of festival season

The regulator wants enforcement officials to focus on hot spots, deploy Food Safety on Wheels vehicles in markets and record all inspection data in real time

CIL steps up coal supplies to power plants amid availability concerns

Power-sector coal despatches rose 10.6 per cent year-on-year in September, while daily supplies remained robust in early October as CIL drew down pithead inventories

CSM Technologies deploys nationwide mineral royalty system in Kenya

The digital platform enables declaration, assessment, payment and monitoring of mineral royalties, aiming to improve transparency, compliance and revenue administration

Govt invites applications from eligible firms to set up mineral exchanges

IBM has invited applications from eligible companies to establish mineral exchanges, with the platforms initially allowed to facilitate trading in five minerals

Affordable access must be a right; telecom showed the way: Scindia

Internet users have risen from around 250 million earlier, to over 1.1 billion today, while broadband connections have crossed the one-billion mark, he said

Coimbatore MSMEs seek steel duty relief as raw material prices surge

Industry associations have sought a six-month relaxation of steel import duties and quality control orders, along with government steps to improve raw-material supplies

RIICO land auctions fetch ₹569 crore from 128 investors in Rajasthan

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

India plans first offshore wind farm prototype off Tamil Nadu coast: Report

The proposed project is expected to help India build experience in the technical and logistical challenges of offshore wind development

India nears cold-storage goal, but first-mile gaps remain: Ficci-GT Bharat

With 40.22 million tonnes of cold storage capacity, India is near its long-term target, but three-quarters is used for potatoes and losses remain high before produce reaches the first cold point

UltraTech becomes first Indian company with 2 GW green power capacity

The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka

Housing launches outpace sales for 16th straight quarter: Knight Frank

Sales across the top eight cities held at 258,238 units, with NCR down 11 per cent even as homes priced above ₹1 crore increased their share of demand