Page 50 - Industry News

Labour Codes face friction from state law overlaps, says experts

Overlaps between Labour Codes and state laws on working hours, leave and overtime may create compliance uncertainty, especially for firms operating across multiple states

Petrol, diesel sold below cost, losses seen at ₹14/L & ₹18/L, respectively

Petrol and diesel sold below cost, LPG under-recoveries may hit ₹80,000 crore as energy price shock ripples across sectors

Energy disruption offers chance to shift cooking to solar hours: Joshi

LPG shortages amid global disruption offer India a chance to shift cooking to solar hours, improving energy security while supporting renewable power use, MNRE minister Pralhad Joshi said

Nearly 1/3 of peak demand of 256 GW met via renewable energy: Pralhad Joshi

The peak power demand touched a record high of 256.11 GW on Saturday, April 25, 2026, according to Power Ministry data

77% Indians confident about summer travel despite global turmoil: Report

The report, which surveyed 2,000 Indian respondents, highlights that nearly 9 in 10 Indians have either planned or already booked their summer 2026 holiday

Transmission bottlenecks threaten India's ambitious renewable energy goals

India's rapid renewable energy expansion is exposing grid and transmission constraints, with experts warning that system resilience and infrastructure upgrades are critical to sustain growth

Global auto industry facing demanding environment, says OICA president

In 2025, global automobile production of passenger vehicles, trucks and buses rose to 96.4 million units from 92.7 million units in 2024, an increase of 3.9 per cent, OICA chief said

'Non-standard pack sizes of edible oils deliberately misleading consumers'

SOPA said many companies are introducing such pack sizes of edible oils into the market, confusing consumers regarding price and quantity

Sagar Adani calls for building domestic energy infra to boost resilience

Sagar Adani advocated for energy security and noted that countries should shift their priorities from how fast they can grow to how well they can withstand disruptions

Centre proposes rules to allow higher ethanol-blended fuels in vehicles

The Ministry of Road Transport and Highways said the draft includes provisions for E85 fuel, a blend of ‌85% ethanol with petrol, and E100, which would allow vehicles to run on nearly pure ethanol

Japan's MUFG to foray into Indian real estate, expand forex derivatives

Japan's biggest bank is setting up a team which will start operations this financial year, Shashank Joshi, MUFG India's deputy chief executive officer said

India's real estate sector set to face reality of agentic AI disruption

After a four-month, $115 billion rout, investors are losing faith in a business model centered on the most-populous nation's army of young engineers, which gave it a wage advantage

Deep tech to drive India's next Unicorn wave: Kris Gopalakrishnan

Drawing on his own experience building India's IT sector, he also urged startup founders to form a dedicated industry association to actively shape government policies

Castrol India Q1 revenue rises 9%, profit up 4% amid steady demand

Castrol India posted steady Q1 FY26 results with higher revenue and profit growth, supported by robust rural and industrial demand, even as it flagged currency volatility & raw material cost pressures

Peak power demand reaches record 256 GW for second time in 3 days

Peak power demand started surging in the second half of this month and touched 252.07 GW on April 24

Radisson partners Vihang for two hotel projects in MMR with ₹200 cr outlay

Two hotel projects in Thane and Mira Bhayandar to be developed with Rs 180-200 crore investment, targeting completion within three to four years

MSME body seeks review of wage calculation rules under labour codes

Industry body flags confusion over PF, bonus and overtime inclusion in wage rules, seeks simpler compliance norms and clarity for smoother labour code implementation

Google to power AI corridor in Andhra with $15 bn Vizag project, 200K jobs

Tech major begins work on full-stack AI ecosystem in Visakhapatnam, aiming to boost infrastructure, local sourcing and job creation under India's digital push

Govt clarifies SEZ goods re-exported from DTA eligible for duty drawback

The instruction clarifies that goods supplied by an SEZ unit to the Domestic Tariff Area (DTA) after payment of customs duties will be treated as imported goods if later re-exported

Fully AI-generated music should not be copyrightable: IFPI CEO Oakley

Globally, we have 837 mn individual subscriber accounts in 2025 up from 750 mn in 2024. It's (largely) US, UK, although the US numbers are little slower than we were used to say 20 years ago, she said