India has directed states to crack down on the illegal sale of nicotine pouches, citing health risks and increased availability through online and offline channels.

Govt orders crackdown on nicotine pouches citing health concerns

Reuters

The Adani Group is set to deepen its presence in India's rapidly expanding data-centre industry as the proposal by one of its subsidiaries to develop a Rs 1.04 trillion integrated data-centre park has

Adani, Adani Group

Business Standard

Industry experts say India suffers from a shortage of workers as well as a dearth of skilled professionals

Child care, children

Infrastructure projects across 17 central ministries/departments were monitored, and it was found that the total revised cost was Rs 33,60,069 cr compared to their original cost of Rs 30,71,947 cr

capital expenditure, Finance Ministry, central government, public investments, Indian Railways, infrastructure

Press Trust of India

French energy major EDF discussed EPR reactor deployment and building a local supply chain as India moves ahead with regulatory reforms in the nuclear power sector

nuclear reactor, nuclear power reactor

The five-month extension gives Tata Steel and Dutch authorities more time to address outstanding issues and work towards an integrated health and decarbonisation project

Tata Steel UK

Meesho's asset-light value-commerce model, Valmo logistics network and growth potential are strengths, but rising competition and premium valuations pose risks

Meesho

Ownly operates on a zero-commission model, charging restaurants a subscription fee instead, and currently partners with more than 20,000 restaurants

Bike taxi startup Rapido plans to ramp up hiring of women captains

Rapido

German luxury car manufacturer Audi on Friday started local assembly of its Q3 model at the Skoda Auto Volkswagen plant in Shendra here.
The Audi Q3 India launch is scheduled for October 16, ahead of next month, the company said in a release.
Powered by a 2.0-litre petrol engine and equipped with Audi's quattro all-wheel drive, the all-new Audi Q3 combines dynamic capabilities. The model also features a range of segment-first features and technologies, further enhancing its appeal to modern luxury car buyers, it added.
Piyush Arora, Managing Director and CEO of Skoda Auto Volkswagen India, said that it is an important milestone for the company in India.
The production of the All-New Audi Q3 reflects the strong capabilities of the Chhatrapati Sambhajinagar facility, he added.
Balbir Singh Dhillon, Brand Director, Audi India, said, "Today marks a significant day for us as we begin production and take another important step towards the launch of the All-New Audi Q3. The Audi Q3 has b

Audi India sales on reverse gear, down 18% to 6,463 units in 2018

Powered by a 2.0-litre petrol engine and equipped with Audi's quattro all-wheel drive, the all-new Audi Q3 combines dynamic capabilities

Commodity pressures were hurting margins and forcing faster cost cuts, says Shailesh Chandra

Shailesh Chandra, Managing director, Tata Motors Passenger Vehicles Ltd

Suzuki plans to halve new vehicle development time by 2030, raise manufacturing efficiency and expand India's role as a global production and export hub with 4 million annual capacity

Suzuki, Suzuki logo

Japanese automaker to improve raise manufacturing efficiency and expand India's role as a global production

The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels

MSME exports

The highly fragmented and labour-intensive industry relies on imported raw materials such as gold and rough diamonds, exposing it to demand fluctuations and geopolitical disruptions

India gems and jewellery exports, West Asia conflict impact, US tariffs jewellery India, UAE trade India gems, Gems and Jewellery Export Promotion Council, export slowdown India, precious stones imports UAE, gold imports India UAE, trade diversificat

MSME fintech firm Progcap aims to raise up to USD 45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business.
"We are planning a capital raise through equity dilution next financial year," Progcap co-founder Himanshu Chandra told PTI.
It would be through private placement of shares, and the quantum could be in the range of USD 40-45 million, depending on the valuation, he said.
"We have enough capital to take care of growth needs for the current financial year. We may look at dilution of equity next financial year," he said, adding that the dilution would be in the single digit.
The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers.
The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.
The lending firm focuses on loans to retailers and wholesalers across 10 

investment, funds, funding

The fintech firm plans to raise up to $45 million through a private placement of shares next financial year to support the expansion of its MSME lending operations

Over 100 MSME players of the stainless steel sector have urged the government to reintroduce the quality control order, citing a surge in Chinese imports after the order was revoked to ease the sourcing of raw material for domestic manufacturing.
The steel ministry, through an order dated April 27, suspended the quality control order (QCO) that mandated the use of only BIS-certified items for various stainless steel products. The move was aimed at easing the compliance burden for local producers, especially micro, small and medium enterprises (MSMEs).
However, MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO.
"The suspension of QCO has opened the door for a surge of low-priced imports from China, placing domestic MSME manufacturers under severe pressure and threatening thousands of jobs and substantial investments made by Indian entrepreneurs," industry bodies Stainless Steel Induction

steelmakers, steel

MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO

Banks could favour long-term products that offer better commissions, while seeking to offset lower payouts elsewhere through higher volumes

Irdai insurance commission caps, bancassurance, banks insurance distribution, insurance product mix, Irdai insurance reforms, insurance commissions, bank fee income, bancassurance income, Axis Bank, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, insuran

Deadline for filing personal guarantor insolvency forms extended to December 31; penalties for delays to apply thereafter

IBBI

Employee unions at RBI supported the strike call and objected to RBI asking banks to remain open on Sunday

Automated Teller Machine (ATM)

To widen borrower eligibility, the microfinance industry wants the household income threshold increased to Rs 300,000 per annum to adjust for inflation in the past five years since it was last hiked.

Microfinance

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