Page 62 - Industry News

Holi sales surge as qcom and e-commerce platforms see sharp demand rise

Quick commerce and e-commerce players saw strong Holi purchases, with spikes in colours, water guns, gujiya and thandai, as platforms expanded festival-led assortments and offers

Telecom firms' gross revenue crosses ₹1 trillion in December quarter: Trai

The gross revenue of telecom service providers (TSPs) was ₹96,390 crore a year ago and ₹99,828 crore in the September 2025 quarter

India to see exponential growth in data centre business: WD sales director

Owais Mohammed of Western Digital forecasts strong growth for India's storage and data centre business, driven by AI workloads, hyperscalers, and government incentives for long-term investment

Drugmakers may review shipment schedules to West Asia if conflict drags on

Indian drugmakers are reviewing shipment schedules and inventories for West Asia as escalating tensions threaten sea and air routes, raising freight costs and risking supply delays

Govt to make carbon trading compliance mandatory for steel sector

A senior steel ministry official says mandatory compliance under the Carbon Credit Trading Scheme will begin soon, as India moves to lower emissions and set plant-specific targets

Qatar declares force majeure, gas supplies to Indian industry cut

Petronet has long term contract to buy 8.5 million tonnes per annum of LNG from Qatar

10th IIMCAA awards: Soumya Pillai bags Journalist of the Year award

The announcement came at the Association's 14th annual Connections Meet in Delhi, with the awards honouring achievements across journalism, advertising, public relations and public service

India has enough fuel stocks to meet demand for up to eight weeks

While immediate shortages are unlikely, rising crude prices and higher freight and insurance costs could impact India's import bill and inflation

War risk insurance costs likely to climb amid West Asia crisis: Experts

After this cancellation, Agarwal said, the insurers may increase premiums on hull and cargo

AAI seeks 7-day fuel stock data from int'l airports amid West Asia crisis

The communication comes against the backdrop of the escalating conflict in the Middle East involving the US, Israel and Iran that threatens to impact global oil supplies

Power ministry to set up selection committee to look for new NTPC chief

The incumbent, Gurdeep Singh, was to superannuate on July 31, 2025, but his service as NTPC's CMD was extended till August 1, 2026, in the absence of a successor

Power Ministry extends deadline for Draft NEP 2026 feedback till Mar 19

The National Electricity Policy (NEP) 2026 aims to address high losses and debt of discoms, non-cost-reflective tariffs, and high cross-subsidisation

NB Group to invest ₹350 crore on new luxury housing project in Ahmedabad

Nishith Shah, CMD of NB Group, said the total investment to develop this project is estimated at ₹350 crore

India starts countervailing duty probe against Chinese PVC resins

The investigation the DGTR follows an application filed by Chemplast Cuddalore Vinyls, DCM Shriram and DCW Ltd

Hiring in India rises 12% in Feb on AI push, IT sector recovery: Report

White-collar job market posted its strongest February performance in recent years, with the Naukri JobSpeak Index reaching 3,233 points

400,000 tonnes of Indian basmati stuck at ports, in transit amid Iran war

Exporters have already moved stocks to ports, but cannot ship to the Middle East because of rising container freight costs, and no alternative market can absorb the volume

Hope West Asia conflict does not affect supply chain: Tata Group chairman

Chandrasekaran admitted that there may be some ups and downs in businesses in view of the prevailing situation

India's 100 mn barrel crude stocks can cover 40-45 days if Hormuz disrupted

In case of closure, India can tap suppliers in West Africa, Latin Amercia and the US to make up for the shortfall from the Middle-East

Domestic companies reduce gas supply to industries after Qatar outage

Qatar halted its liquefied natural gas production on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and US strikes against ​it

PM urges industry to boost investment, prioritise R&D, quality to tap FTAs

Stressing that India has entered into free trade agreements with numerous countries, PM Modi said, these agreements have opened up a wide range of opportunities for the country