Page 63 - Industry News

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

West Asia conflict disrupts jewellery trade, Surat exporters raise concerns

The sector's strong global integration makes it vulnerable to geopolitical disruptions, industry representatives said

India trained 85,000 engineers in 4 years under Semicon 2.0: Vaishnaw

Vaishnaw further stated that students from universities across the nation are actively engaging in semiconductor design

Marquee PSUs slipping on corporate governance standards, says survey

Survey flags gaps in independent directors, women representation, succession planning and SEBI compliance among Maharatna and Navratna companies

Amid Hormuz closure, Indian refiners look at other crude oil sources

Indian refiners are diversifying crude sourcing to bypass the Strait of Hormuz and tapping inventories as the West Asia crisis disrupts key routes that handle over half of India's oil and gas imports

Japan, South Korea flag regulatory hurdles for their steel firms in India

Japan, South Korea have raised concerns over India's regulatory measures, including QCO norms and anti-dumping duties, even as both nations reaffirm major investment plans in the domestic steel sector

India's IIP growth eases to a three-month low of 4.8% in January

India's industrial output growth slowed to 4.8% in January, a three-month low, as manufacturing, mining and electricity softened, though several segments continued to post healthy gains

Hotels likely to wait before unlocking West Asia biz expansion door

Indian hotel companies exploring growth opportunities in West Asia are adopting a wait-and-watch stance as the sudden conflict in the region injects uncertainty into long-term expansion plans

Travel firms hit as West Asia crisis triggers cancellations, stock decline

Travel and tourism stocks fell more sharply than the Sensex as tensions in West Asia led to mass cancellations, flight disruptions and rising uncertainty across key outbound markets for India

Exporters, vessel operators at sea over stranded ships, Indian seafarers

DGFT, DGS officials have met stakeholders over past two days to discuss issues they are facing

Indians press pause on Dubai real estate amid rising West Asia conflicts

Developers planning new projects in the region may defer new launches

Tata Motors, M&M, and JSW MG oppose Niti Aayog's transport report

Govt think-tank's report on transport sector suggested CAFE norms must incentivise smaller entry-level vehicles

Cipla, Kemwell form biologics JV to tap fast-growing biosimilars market

Cipla will hold 60% in the new JV with Kemwell Biopharma, aiming to develop, manufacture and commercialise biologics and biosimilars for global markets amid rising demand

Holi adds splash of colour to quick-commerce carts and campaigns

In addition to curating a Holi section, Zepto is also allowing users to send festival greetings to one another on the mobile application itself

Flight cancellations due to West Asian crisis trouble telecom execs

Flight cancellations amid West Asia conflict disrupt travel plans of Indian telecom leaders headed to Mobile World Congress in Barcelona

Global reinsurers scrap marine hull war cover amid West Asia tensions

Several global reinsurers, including GIC Re, have withdrawn marine hull war cover as West Asia tensions escalate, sharply increasing premiums and raising operational risks for exporters

M&A activity in power sector gathers pace as PPAs drive up valuations

Accelerating power demand, revival of long-term PPAs, stronger plant load factors and attractive valuations are triggering a fresh wave of M&A activity across thermal and renewable assets

Coal production from captive, commercial mines rises 18.5% in February

Captive and commercial coal production rose sharply in February, supported by policy measures and expanded mining capacity, with the Coal Ministry projecting continued stability in supplies

Telecom industry to need additional ARPU of ₹35-40 to get 15% ROCE: Ind-Ra

Ind-Ra says telcos need a Rs 35-40 ARPU increase to achieve 15% ROCE, indicating another round of tariff hikes even as profitability improves and capex intensity falls across the sector

PM inaugurates ₹3,600 cr Powergrid projects to boost Rajasthan solar flow

Powergrid's new transmission systems will evacuate renewable power from Rajasthan's major solar zones, including Bhadla, strengthening national green energy infrastructure