Page 9 - Industry News
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
 "Qatar declares force majeure, gas supplies to Indian industry cut")
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
 "10th IIMCAA awards: Soumya Pillai bags Journalist of the Year award")
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
 "India has enough fuel stocks to meet demand for up to eight weeks")
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
 "War risk insurance costs likely to climb amid West Asia crisis: Experts")
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
 "AAI seeks 7-day fuel stock data from int'l airports amid West Asia crisis")
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 to set up selection committee to look for new NTPC chief")
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
 "Power Ministry extends deadline for Draft NEP 2026 feedback till Mar 19")
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
 "NB Group to invest ₹350 crore on new luxury housing project in Ahmedabad")
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
 "India starts countervailing duty probe against Chinese PVC resins")
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
 "Hiring in India rises 12% in Feb on AI push, IT sector recovery: Report")
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
 "400,000 tonnes of Indian basmati stuck at ports, in transit amid Iran war")
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
 "Hope West Asia conflict does not affect supply chain: Tata Group chairman")
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
 "India's 100 mn barrel crude stocks can cover 40-45 days if Hormuz disrupted")
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
 "Domestic companies reduce gas supply to industries after Qatar outage")
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
 "PM urges industry to boost investment, prioritise R&D, quality to tap FTAs")
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
 "West Asia conflict disrupts jewellery trade, Surat exporters raise concerns")
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
 "India trained 85,000 engineers in 4 years under Semicon 2.0: Vaishnaw")
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
 "Marquee PSUs slipping on corporate governance standards, says survey")
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
 "Amid Hormuz closure, Indian refiners look at other crude oil sources")
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
 "Japan, South Korea flag regulatory hurdles for their steel firms in India")