Page 52 - Industry News

Why is Centre bringing back excise on tobacco after GST cess ends

The government said that tobacco products will continue to attract GST but will also be subject to additional excise duty on top of that tax from February 1

New tobacco excise duty rules: What changes, what stays, price impact

Before the latest notification, cigarettes and other tobacco products were taxed under a layered structure combining GST with multiple cesses, including a compensation levy

Tobacco excise rules: Makers to install CCTV, store footage from Feb 1

Such manufacturers will also have to disclose to excise authorities the number of machines and their capacities, and can also claim abatement in excise duty

Safeguard duty on select steel items to cushion domestic producers: Experts

The government has extended safeguard duties on imports of certain steel products for three years

M&M auto sales rise 25% in December, SUVs and LCVs hit record highs

Sales of commercial vehicles in the domestic market stood at 24,786, a growth of 34 per cent year-on-year

CBAM may force steel, aluminium exporters to cut prices by 15-22%: GTRI

EU's carbon border levy enters its payment phase from January 1, 2026, with Indian steel and aluminium exporters facing price pressure and tougher emissions data compliance

Consumers drive quick commerce, food delivery sales on New Year's Eve

Quick commerce and food delivery platforms saw an uptick in New Year's Eve demand, with grapes searches surging on Instamart and purchases spiking on Zepto

Indian pharma companies see sharp drop in adverse USFDA findings in 2025

OAI cases nearly halve in 2025, overall inspection volumes also fell 25%

BS CEO poll: India Inc expects faster growth, stronger earnings in 2026

Plans to invest and hire more but is concerned about global uncertainty

PE-VC investment in India steady at $33 bn in 2025 as mega deals slip

Private equity and venture capital investment held at about $33 billion in 2025, even as deal volumes dipped. IT and BFSI led, while manufacturing overtook healthcare in deal value

SPREE 2025 extended till January 31 on employers, states' request

The labour ministry has extended the SPREE 2025 deadline to January 31, 2026 after requests from employers and state governments, keeping 'no past dues' and no inspections benefit

Curbs on import of low-ash metallurgical coke extended for 6 months

Government extends curbs on low-ash metallurgical coke imports till June 30, 2026, while allowing free imports of high-ash coke

Cooling appliances to get costlier as BEE star ratings norm changes

Besides the fall of the Indian rupee against the US dollar and global increase of copper prices is also putting pressure on manufacturers' margins

India's natural gas consumption seen rising 3-4% in FY27 on demand: Icra

After moderating in FY26, India's gas demand is expected to rebound in FY27 on higher industrial offtake and city gas distribution expansion, aided by softer LNG prices

Hotels should follow airlines-like dynamic pricing model: Deeksha Suri

LaLiT ED Deeksha Suri says hotels must adopt airline-style dynamic pricing as the group consolidates, refinances and prepares for calibrated, asset-light expansion in emerging markets

Star ratings mandatory from Jan 1 for TVs, fridges, LPG stoves, chillers

An official on condition of anonymity said the list of mandatory appliances for star labelling is updated from time to time

Pharma leaders flag quality, sustainability as export priorities for 2026

At Pharmexcil's 2025 AGM, industry leaders stressed a shift from volume-led growth to quality, sustainability and market diversification as India's pharma export strategy looks ahead to 2026

CapitaLand India Data Centre Fund to buy 20.2% stake for ₹702 crore

CapitaLand India Data Centre Fund will acquire a minority stake in three data centres from CapitaLand India Trust, as it targets a final fund close of SGD 300 million

Govt rolls out ₹4,531-crore market access support scheme for exporters

Under the Market Access Support, ₹4,531 crore will be allocated over six years (2025-31) and ₹500 crore has been earmarked for 2025-26

At 150k, Mumbai logs highest property registrations in 14 yrs in 2025

Registrations increased by 6 per cent Y-o-Y, while stamp duty revenue rose by 11 per cent Y-o-Y