Page 7 - Industry News

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

Women remain under-represented at India Inc: Prime Database study

Women form 23% of employees in listed firms but only 5% of CEOs or MDs, highlighting a steep drop in representation as one moves up the corporate hierarchy

GIC Re withdraws marine cargo war cover for facultative contracts

State-owned reinsurer GIC Re withdraws marine cargo war cover for facultative reinsurance contracts in several high-risk maritime zones amid rising tensions near the Strait of Hormuz

Karnataka scraps liquor price control structure, adopts alcohol-based tax

Karnataka will end liquor price control and adopt an alcohol-in-beverage-based tax from April 2026, with reforms aimed at transparency, compliance ease and boosting excise revenue

War shadow dims Brand Dubai's glitter amid rising West Asia tensions

With $250 billion property deals in 2025, property market may continue to show resilience

India-NZ T20 World Cup final play means business for eateries, pubs

Restaurants and pubs expect higher footfall as India faces New Zealand in the ICC Men's T20 World Cup final, while hotel bookings in Ahmedabad surge and room rates edge up

Netflix to open Hyderabad hub for high-end VFX, post-production on Mar 12

Netflix will open its Hyderabad hub on March 12, featuring high-value post-production, VFX and virtual production capabilities, strengthening the city's position in the AVGC sector

PSBs, insurers seek higher sum assured for social security schemes

PSBs and insurers have urged the finance ministry to raise the sum assured under PMJJBY and PMSBY, citing inflation and household vulnerabilities, as India targets "Insurance for All by 2047"