Page 9 - Industry News

FCRA amendment Bill proposes new authority to manage NGOs that lose licence

At present, approximately 16,000 associations are registered under the Act and receive around ₹22,000 crore annually, the statement said

India buys first Iran LPG cargo after US eases sanctions amid crisis

India had shunned energy purchases from Iran ‌in 2019 under pressure from Western sanctions. The tanker was initially bound for China, according to LSEG data

NPPA allows 0.64% hike in MRP of essential drugs in line with WPI rise

Drug pricing regulator permits marginal MRP increase for NLEM medicines in line with wholesale price index, offering relief to manufacturers facing higher costs

Infra projects above ₹150 cr report ₹5.66 trillion cost overrun: Govt

The data also reflects a balanced pipeline, with projects distributed across early and advanced stages of implementation

Statutory auditor requirement relaxed for smaller companies in new Bill

The proposed amendments relax compliance for small companies while strengthening accountability for executives and directors, raising concerns over governance and oversight

Delhi HC pauses DRL's Olymviq rollout as it sounds similar to Ozempic

Court flags phonetic similarity with Novo Nordisk's Ozempic, directs Dr Reddy's to halt expansion amid trademark dispute over diabetes drug branding

Elevated construction costs may put pressure on developers' margins

Rising construction costs, supply disruptions, and labour pressures are squeezing developers' margins, even as demand resilience and tech-led efficiencies help cushion the impact

81% women lawyers find the going far tougher than men: SCBA survey

Survey highlights structural barriers, gender bias and limited opportunities, with many women lawyers reporting challenges in networking, mentorship and career progression

Cabinet extends IVFRT scheme for 5 years to upgrade immigration services

Under the scheme, upgradation and expansion of core infrastructure across Immigration Posts, FRROs, and Data Centres will be undertaken to build a resilient and scalable system nationwide

India ready for peak power demand, but supply, transmission risks remain

India is better prepared to meet a record 270 Gw peak power demand this summer, supported by strong coal stocks and renewables, though geopolitical tensions and grid constraints pose risks

Supreme Court upholds state's right to withdraw power duty exemptions

Supreme Court overturns Bombay High Court rulings granting electricity duty relief to industries, affirming State's authority to modify fiscal exemptions

55% of GCC work in India at risk from AI-driven disruption: Zinnov

Report flags growing AI-driven disruption in global capability centres, urging shift towards innovation, advanced skills and high-value work to sustain relevance

India's microdrama market may reach $4.5 billion by 2030: Report

India's microdrama segment is set for rapid growth, with user adoption rising sharply, though OTT platforms continue to lead in monetisation and paying subscriber base

LPG supply to be cut if consumers refuse PNG switch, says govt order

Government mandates shift to piped natural gas in connected areas, linking LPG supply to PNG adoption amid supply concerns and push for cleaner fuels

Parliamentary panel flags low fund use by tourism ministry, seeks reforms

Parliamentary panel highlights sharp underutilisation, recommends quarterly spending targets and a dedicated promotion board to boost tourism marketing

IBC helped recover over ₹4 trillion in last decade: Anurag Thakur

Participating in the debate on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, Thakur said IBC is not a recovery mechanism but a revival and resurrection of the company

Businesses can pay customs duty via UPI, cards on ICEGATE portal: CBIC

The CBIC in a circular said ICEGATE e-Payment platform has enabled 'Payment Aggregator' as an authorised mode to facilitate customs duty payment

Power ministry directs plants using imported coal to run at full capacity

The step has been taken to ensure optimal power availability, considering the prevailing demand-supply scenario and the expected rise in electricity demand in the coming months

Rajasthan introduces industrial park policy 2026 to boost jobs, investment

Under the leadership of Chief Minister Bhajanlal Sharma, the policy aims to develop world-class industrial parks and position the state as a reliable and future-ready industrial destination

Odisha keeps power tariff unchanged for fifth year despite rising costs

Regulator retains electricity rates for FY27 despite rising procurement costs, offering relief to consumers while introducing incentives for digital payments and efficiency