Page 7 - Industry News

Madhya Pradesh gets ₹5,800 crore in semiconductor investment proposals

Madhya Pradesh received investment proposals worth ₹5,800 crore in semiconductor and technology sectors at an Indore summit, with potential to generate more than 10,000 jobs.

Business confidence rebounds in Q2 FY27 after four quarters: NCAER

NCAER's Business Confidence Index rose to 107.8 in Q2 FY27 from 99.8 in the previous quarter, driven by improved demand expectations, though hiring plans remained muted.

Domestic medtech industry backs DGHS ban on reuse of single-use devices

AIMED calls for stricter inspections, traceable disposal records and clear liability rules to protect patient safety

GLP-1 boom in India, China, Brazil can create $22 bn market: JP Morgan

The addressable ​market could grow at an annual rate of 15% through 2035, JP Morgan ‌analysts led by Yang Huang said in a note on Friday, given the countries' large diabetes and obesity burdens

Dr Reddy's launches new generic Ozempic brands amid Obeda supply disruption

Obeda Pro and ​Obeda Plus are made by a different manufacturer than the original Obeda injectable, supplies of which were ‌halted in July after Dr Reddy's discovered an impurity in active ingredients

Petronet LNG, Gruner Renewable float JV to develop compressed biogas plants

The combined investment for the proposed portfolio is estimated at around ₹1,200 crore

Bharat Biotech to cut malaria vaccine price by 40% under Gavi deal

The vaccine will be priced at €5.50 per dose from early 2027 under a Gavi-UNICEF agreement, with expected savings of $50 million through 2029

Govt to bear certification costs for micro, small exporter under EPM: Goyal

In November last year, the government approved the mission with an outlay of ₹25,060 crore for six financial years

Only 1% of engineers work in FDE roles despite rising AI demand: Report

While companies globally are increasingly citing AI adoption as a reason for job cuts, demand is growing for a specialised engineering role in the IT industry

Govt extends duty-free raw sugar import window till Dec 31 to ease supplies

So far, around 2.6 lakh tonnes has been imported, according to industry data

L'Oreal CEO says rise of weight-loss drugs impacting skincare consumption

L'Oreal is testing products on users of weight-loss drugs, as beauty companies explore treatments for skin changes associated with rapid weight loss

SIM-binding rules: WhatsApp, Telegram to require active SIM from Jan 2027

WhatsApp and Telegram may stop working if the registered SIM is removed, replaced or deactivated under the DoT's new SIM-binding rules, set to take effect from January 1, 2027

State power playbook: New scheme to improve renewable energy transmission

A new central government scheme seeks to strengthen renewable energy transmission within states

Jamnagar's unique refinery draws US attention to sell Venezuelan oil

Economic, strategic goals in region got a fillip, says US Secretary of State Marco Rubio

Some pockets of stress emerge in India's FMCG demand ahead of Diwali

FMCG stocking ahead of Diwali is uneven across regions, with inflation weighing on demand in the east and west while packaged-food sales rise in central and northern India

EPFO board may consider a hike in minimum pension at November 19 meeting

EPFO's Central Board of Trustees is likely to discuss raising the minimum monthly pension under EPS at its November 19 meeting in Gujarat, amid longstanding demands from pensioners and trade unions.

Home purchase: How to assess the real value of festive offers and discounts

Homebuyers should assess the actual savings from festive real estate offers, negotiate for useful benefits and verify project approvals, costs and delivery timelines before committing.

Mahindra Holidays to add 1,000 keys in six months, aims for 10,000 by FY30

Mahindra Holidays plans to add 1,000 resort keys over the next six months, with 70 per cent of capital earmarked for new resorts, despite higher costs and project delays.

Low coal stocks may impact ability to meet power demand surge: ICRA

Coal stocks at power plants stood at just six days against the 19-20-day norm, raising concerns over supply buffers as ICRA forecasts 8.5 per cent electricity demand growth in FY27

eMudhra to exit global SSL/TLS certificate business after security flaws

eMudhra said it would voluntarily exit the global SSL/TLS certificate business after vulnerabilities were found in its certificates, raising concerns over digital security.