Page 8 - Industry News

PharmEasy veterans raise ₹63 cr for home and kitchen startup Chapter Home

Backed by Bessemer Venture Partners, Stride Ventures and Tanmay Bhat, the company was valued at nearly Rs 1,000 crore and plans to expand categories and omnichannel distribution

Govt allows SEZ units to reclaim undelivered goods, but limits relief

The revised provision also sets conditions for returning goods, reselling them and claiming a refund of the duty paid at the time of their original clearance

India hospitality sector may need up to 125 million sq ft by 2035: CBRE

The expansion could translate into 190,000-210,000 additional hotel keys across segments, as business, leisure and experience-led travel continue to grow

Bhartiya Urban, Alpine to invest over ₹1,000 crore in Bengaluru project

Nikoo Homes 9 will comprise 1,584 units across two phases on 13 acres of freehold land and include a 40,000-square-foot retail and commercial centre

BCGCL begins construction work on ₹25,000 crore coal gasification project

BCGCL has started construction at its Odisha coal gasification project, with most tenders awarded, as India targets 100 million tonnes of coal gasification capacity by 2030 to cut import dependence

India Post revenue crosses ₹4,000 cr for second straight quarter: Scindia

Department of Posts revenue rose to ₹4,202 crore in the September quarter, up 25% year-on-year, led by 71% growth in parcels, 44% in postal life insurance and 38% in international business

Indian firms must build EU buyer links to gain from FTA, says Ficci

Ficci Secretary General said firms must identify products with significant tariff advantages, strengthen ties with European buyers and upgrade quality to convert market access into sustained exports

CII urges exporters, MSMEs to tap opportunities under India-New Zealand FTA

CII's Sanjay Budhia urged exporters, particularly MSMEs, to engage New Zealand buyers and check product-specific rules of origin to maximise gains from the trade pact that took effect on October 20

Centre notifies new telecom sandbox rules for testing emerging technologies

The rules outline eligibility, testing timelines, reporting requirements and user safeguards, while allowing regulatory exemptions and government oversight of tested innovations

Coal supply to power plants to normalise soon as India ramps up deliveries

India is supplying a record 2.6 million tonnes of coal daily to power plants, but 96 plants had stocks for less than three days as of October 19 amid weather disruptions and rising electricity demand

Govt forms special team to investigate eMudhra digital certificate leak

CERT-In said insufficient cryptographic randomness had compromised private keys, potentially allowing attackers to issue fraudulent certificates and impersonate websites

EV supply struggles to keep pace with surging demand during festive season

Electric vehicle sales rose 26% during Navratri as higher petrol prices boosted demand, but supply shortages, component constraints and rising bookings left dealers struggling to meet festive demand.

FSSAI issues notices to Nestle India over Lactogen, Nan Excella claims

The food regulator has sought scientific evidence for whey protein and immune-support claims on Nestle's infant nutrition products, while also flagging other food safety violations

India's crude oil import bill rises 47% to $15.4 billion in September

India's crude oil import bill surged 47% in September as the Indian basket price averaged $116.09 a barrel, while import volumes rose just 7% to 21.7 million tonnes

India's data centre boom lifts IT investments, but challenges persist

Data centre projects lift investment announcements, but power and water constraints pose execution risks

Core sector growth at 30-month high of 7.9% in Sep as coal output rebounds

A sharp rebound in coal, higher iron ore output and strong refinery growth lifted core sector expansion to 7.9% in September, even as three of the nine industries contracted.

Essar Ports gets LoA for ₹2,276 crore Tuna Tekra terminal in Gujarat

Essar Ports will invest Rs 1,552.57 crore in the Tuna Tekra terminal, which will have an annual cargo-handling capacity of 18.33 million tonnes and four berths at Kandla in Gujarat

FSSAI issues notices to Nestle India, Zydus over misleading product claims

FSSAI has issued notices to Nestle India and Zydus Wellness over alleged misleading claims in Lactogen Pro 1, Nan Excella Pro Stage 1 and Complan, seeking scientific evidence to support the claims.

Tata Power to set up ₹54 crore GCC in Odisha for next-gen energy solutions

Tata Power's new global capability centre in Odisha will develop AI-driven solutions for the energy sector, with an investment of Rs 54.31 crore and plans to create 110 skilled jobs.

Prosus-backed Ixigo aims to lead India's budget-to-mid hotel OTA market

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.