Page 59 - Industry News

Lucky numbers and collusion: How cement cartel targeting ONGC came unstuck

A confidential investigation by the Competition Commission of India has found evidence that several cement companies allegedly colluded for years to rig bids in tenders issued by ONGC

India's finished steel exports jump 36.6% in April-February period

India's crude steel ​production increased 11.2 per cent year-on-year to 153.61 million ‌metric tons over the same ​period

Govt sets up 17-member committee for larger reforms in SEZ policy

It will submit a concept paper recommending a roadmap for broad-based and comprehensive reforms to formulate a SEZ 2.0 policy

AI puts India's office market back to work with rising tech space demand

Tech firms and AI-first startups expand leasing across Bengaluru, Hyderabad, Pune and Chennai

Semaglutide generics likely to widen access but raise dropout risks

Experts add that while the introduction of branded generics will trigger an acceleration in volumes for GLP-1 agonists, the value growth may moderate due to price erosion

AI can help manufacturing MSMEs create up to $150 bn in value by 2035

AI could enable $135-150 billion in value creation for manufacturing MSMEs by 2035, a PwC-ORF study says, stressing a human-centric, augmentation-first approach to technology adoption

Public sector banks lag private banks in women board seats, shows data

Women CEO in three insurers, zero in banks

Indian pharma market grows 11% in Feb as Mounjaro tops drug sales

The Indian pharmaceutical market posted 11% growth in February 2026, driven by strong therapy performance, while Mounjaro remained India's highest-selling drug by value for a fifth month

AC prices to rise 5-15% as costly copper, weak rupee, RE norms push costs

As the mercury starts rising, leading room airconditioner makers are increasing prices in the range of 5-15 per cent to offset sustained increases in raw material costs and supply chain expenses.

Indian CDMOs expand capacity as demand for complex drug work rises

Indian CDMOs are expanding manufacturing capacity and investing in advanced technologies as global pharma companies increasingly outsource complex drug development and manufacturing work

Tensions in West Asia to impact Indian, other steel markets: BigMint

BigMint analysts said crude oil, LNG, and freight costs are rising simultaneously, transmitting cost pressure directly into steel and steel-related commodity markets

AC prices to rise 5-15% on expensive copper, weak rupee, new energy norms

The hikes, being rolled out between February and April, come just ahead of the peak summer season when demand typically surges

'Sufficient fertilisers now, problems may arise if West Asia war prolongs'

The prolonged conflict could cause significant damage to the global economy, according to analysts

Indian Oil books crude cargoes loading from Red Sea port of Yanbu: Report

The US-Israel war with Iran has disrupted oil and natural gas exports from the Middle East, while top oil exporter Saudi Arabia is increasing shipments from the Red Sea as an alternative

SBI launches $500 million social loan to boost women's economic empowerment

This syndicated transaction is a milestone for SBI and the global ESG financing landscape, for the noble cause of women empowerment, the bank said in a statement

West Asia crisis: Govt asks ports to consider waiving charges, issues SoP

As part of the SoP that followed extensive consultations with all stakeholders on Friday, each port will appoint a nodal officer at the level of head of department or deputy head of department

Govt grants exporters relief on export obligations amid West Asia crisis

Under Export Promotion Capital Goods (EPCG) scheme, domestic firms are allowed to import duty-free machines but they have to meet certain export obligations against that

Omaxe sells out 2 Faridabad projects; 120 commercial units fetch ₹160 crore

These two projects, slated to be delivered in 2030, are part of its integrated mixed-use township 'World Street by Omaxe'

IRB Infrastructure toll revenue in February jumps 22 pc to Rs 746 cr

Of the total 24 toll assets, IRB MP Expressway in Maharashtra contributed the major share of Rs 148.2 crore to the total revenue collection in February 2026, up from Rs 140.9 crore a year ago

Comm ministry assures full RoDTEP benefits to exporters from Apr 1: FIEO

Barring agri and processed food products, the government on February 23 halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme