Industry News

India's solar boom faces a new test as rising costs squeeze returns

Solar developers face higher costs from domestic cells, commodities and rupee depreciation, while competitive tariffs leave little room to absorb the increase, putting project economics under pressure

Domestic demand, labour supply give India edge in semiconductor push: Bain

India's dual advantage of unmatched domestic consumer demand and an expanding demographic dividend give the country a unique edge in the global semiconductor race, but securing access to core technology remains a critical hurdle that needs to be bridged, a top executive at global management consultancy firm Bain & Company said. Balaji Thirumalai, Partner and India Head of Semiconductors and Electronics Manufacturing Practice at Bain & Company, said the central government's strategy under the Semicon 2.0 programme-spanning six pillars of talent, fabs, OSATs (outsourced semiconductor assembly and test), design, equipment, and materials-is the necessary approach to establish a complete ecosystem. "We need design as much as we need fabs. We need materials, and we need equipment to come into India. Because if you look at Taiwan, if you look at Korea, it's not just that the fabs have come up, the ecosystem has moved in. If you look at what's happening in the US when they're building

Industry body CITI warns 100% US tariffs could hit Indian textile exports

Industry body says tariffs of up to 100 per cent on major buyers of Russian energy could make Indian textiles uncompetitive in the US, its largest export market

Indian manufacturing must move from volume to 'high value': Experts

Industry leaders say India must own product design, improve manufacturing yields and develop materials capabilities to capture more value across the semiconductor supply chain.

Semiconductor industry flags need for more process and product engineers

Industry representatives say India needs more experienced process and product engineers, stronger STEM education and manufacturing talent as it pushes into advanced packaging.

HORIBA India may chip in with local semicon gear as demand builds

Horiba India is open to local manufacturing of specialised semiconductor equipment once India's chip fabrication and packaging ecosystem reaches sufficient scale

Tara block auctioned, mining awaits green clearances: Chhattisgarh body

CMDC said mining at the Tara coal block cannot begin until the successful bidder obtains forest and environmental clearances, a mining plan, lease and other statutory approvals

Brics countries step up cooperation on skills, gig work and worker mobility

Brics countries step up cooperation on skills, gig and platform workers, labour mobility, social protection, vocational training and workforce preparedness

West Asia war strains margins for apparel makers as raw material costs rise

The West Asia war is driving up polyester, cotton, energy and freight costs, squeezing apparel manufacturers and potentially pushing clothing prices higher

Centre pushes for digitising construction worker welfare services

Nine states and Union Territories are launching digital Labour Chowks as the Centre reviews progress on employment, welfare and cess collection initiatives

Bankers' Books Evidence Act 2026 to come into force from October 1

Bankers' Books Evidence Act, 2026 which got assent of the President of India last month, and is aimed at providing a modern framework for the use of banking records as evidence in line with contemporary banking practices, will come into force from October 1. The notification dated September 10 appoints October 1, 2026 as the date on which provisions of the Act will come into force, the finance ministry said in a statement on Friday. The Act adopts a technology-neutral approach by recognising banking records maintained in physical, electronic, digital, virtual, cloud-based and other contemporary forms, it said. It also provides for simplified and standardised certification of banking records, including through manual, digital or electronic signatures. Greater clarity has also been provided on the summoning of bank officials where the bank is not a party to the proceedings, with a "special cause" to be recorded in writing by the court for such summoning, it said. Further, the Centre

Australia challenges India over sugarcane support breaching WTO limits

Australia has sought clarification from India, alleging that its support for sugarcane exceeded the 10 per cent WTO limit in each of the seven years from 2018-19 to 2024-25

India's new industrial revolution happening across six sectors: Jefferies

India's push into space, semiconductors, data centres, electronics, solar and aerospace is creating a new industrial investment cycle, says Jefferies

India joins US-led 6G initiative: How does it fit with Bharat 6G Mission?

India has joined a US-led 6G initiative even as it pursues its own Bharat 6G Mission. What does the new framework cover, and how does it fit with India's existing 6G plans?

Isro's private-sector push: How close is India's space model to Nasa's?

Isro is expanding private-sector participation while retaining core responsibilities. Is its emerging model similar to Nasa's approach?

IIL says NSQ Abhayrab vials were not manufactured by its division

Indian Immunologicals said Abhayrab anti-rabies vaccine vials declared NSQ and misbranded by a government laboratory were not manufactured by its human health division

Auto component suppliers sit on ₹98,000 cr inventory, says report

The automotive component industry has around Rs 98,000 crore locked in inventory, of which Rs 29,000-39,000 crore could potentially be released by improving inventory management, according to a Vector Consulting Group report. The report said the potential working-capital release could include Rs 4,000-5,600 crore within the MSME ecosystem, which accounts for around 80 per cent of auto component manufacturers in the country. According to Vector Consulting Group's white paper, The Broken Flywheel: Building a Future-Ready Automotive Supply Ecosystem, firms adopting consumption-based replenishment approaches typically reduce inventory by 30-40 per cent, based on the consulting firm's implementation experience. The total sample size comprised 21 senior industry executives, with the data collection period from July to August 2026. The study also estimated that India's automotive component MSMEs account for approximately Rs 2.4-2.9 lakh crore in turnover. A 30 per cent improvement in ...

Keralam seeks exclusion of homes, farms, plantations from proposed ESA

Keralam Minister Sunny Joseph said on Saturday that the state would press for the exclusion of inhabited areas, agricultural lands and plantations from the Ecologically Sensitive Area proposed in the Centre's latest draft notification. Speaking to reporters, Joseph said the state was finalising its response to the draft notification issued by the Union Ministry of Environment, Forest and Climate Change on July 27 and would submit its recommendations within the stipulated timeframe. "The Government of Keralam is committed to studying and submitting amendment proposals and protecting the best interests of the state," the Environment minister said. He said the state had recently held detailed discussions with a five-member high-level team of scientists appointed by the Union Environment Ministry to consult states on the issue. The discussions were held under the leadership of Chief Minister V D Satheesan and attended by Joseph, Forest Minister Shibu Baby John, Revenue Minister AP ...

Centre plans overhaul of company filings under Companies Act: 5 key changes

The Centre is consulting stakeholders on a revamp of the filing architecture under the Companies Act, 2013. Here are five changes being considered and what they could mean for companies

Agentic AI could improve corporate cash forecast accuracy to 90%: EY

EY India says treasury teams spend up to 70% of their time on manual work, while agentic AI could improve cash forecast accuracy to as much as 90%