Page 6 - Industry News

India, Uzbekistan launch pharma-nutra corridor; focus on Eurasian market

India and Uzbekistan have launched a policy-backed pharma-nutraceutical corridor to improve regulatory alignment, investment and market access for manufacturers targeting the $7-10 billion Eurasian he

How India can kick the West Asian oil habit by boosting ethanol use

Surplus ethanol capacity and rising geopolitical risks revive calls for higher blending targets as India weighs E30, flex fuels and even E50 to bolster energy security

I-T dept detects ₹408 crore sales suppression; surveys restaurants

Based on the findings, the department conducted surveys on March 8 across 62 restaurants in 46 cities across 22 states

India's World Cup triumph creates fresh endorsement pitch for brands

India's T20 World Cup victory has sparked a surge in endorsement interest for rising cricket stars as brands look beyond legacy icons and tap the next generation of marketable athletes

Offshore platforms gained engagement after ban on real money games in India

A CUTS International survey shows offshore real-money gaming platforms saw sharp increases in usage and spending after India's ban, with domestic users shifting activity to overseas operators

Only 22% of candidates trained under PMKVY secured employment, shows data

Government data show that only 22% of candidates certified under PMKVY 1.0 to 3.0 secured jobs, with placements for SC and ST candidates at about 25%, even as PMKVY 4.0 delinks training from targets

India's coal production may reach 1.5 billion tonnes by FY30: Kishan Reddy

The country's coal demand is expected to continue rising and is expected to peak around 2040, Union Minister for Coal and Mines G Kishan Reddy said in a written reply to the Rajya Sabha

India's inter-regional transmission capacity to reach 143 GW by 2027: Govt

Naik also said that there are delays in several inter-state transmission system (ISTS) projects due to right-of-way (RoW) issues

India Energy Stack pilot to begin in five states next fiscal year: Govt

After the successful demonstration, India Energy Stack is envisaged to be rolled out across the country, the minister informed the Upper House

Rajasthan govt to lease JDA's vacant plots and spaces for short durations

Commercial activities include site offices, maintenance storage, exhibitions, car washing, stone and marble sales, game zones, circuses, and other activities

Nasscom asks IT firms to boost cyber readiness amid West Asia crisis

Companies are also advising employees to limit non-essential travel through the region and explore alternative transit routes where required

How West Asia conflict threatens LNG supply chain powering India's economy

West Asia conflict and disruption near the Strait of Hormuz threaten LNG shipments vital to India's fertiliser, power and manufacturing sectors, raising risks of supply shocks and higher energy costs

Over 24,000 MW coal, lignite-based power capacity in planning stages: Govt

To meet this requirement, the Ministry of Power has envisaged to set up an additional minimum 97,000 MW coal- and lignite-based thermal capacity, MoS Shripad Naik said

ABB to invest $75 mn in India to boost manufacturing in critical segments

Approximately 85 per cent of ABB's products and solutions sold in India are manufactured locally

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