Page 12 - Industry News

Uttar Pradesh approves food processing projects worth over ₹200 crore

The approved private projects encompass farm segments including vegetables, horticulture, dairy, and poultry

Cabinet clears ₹33.7K crore BHAVYA scheme for 100 industrial parks

The new Bharat Audyogik Vikas Yojna or BHAVYA scheme, to develop industrial parks over an estimated 33,600 acres of land, will be implemented with States through a challenge mode

Petrol dealers may face cash crunch as OMCs seek advance payments

Dealers warn of reduced fuel orders as refiners end credit supply amid losses on petrol and diesel sales with retail prices unchanged

Centre clears IFFCO's nano NPK fertilisers under FCO amid West Asia war

Approval of nano NPK products aims to cut reliance on conventional fertilisers and ease supply pressures amid gas shortages linked to West Asia conflict

India needs bigger banks, consolidation for $30 trn goal: Former RBI DG

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

Govt clears ₹1,718 crore MSP support to CCI for cotton procurement

The government on Wednesday approved Rs 1,718.56 crore as reimbursement for price support extended under MSP operations to the Cotton Corporation of India for the procurement undertaken in the 2023-24 cotton season. The decision was taken by the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi. As market prices of cotton fell below MSP during the season, the government agency had to undertake MSP operations to the extent of 32.84 lakh bales, benefiting about 7.25 lakh farmers and paying about Rs 11,712 crore directly into their bank accounts, officials said. The cabinet approved incurring expenditure towards reimbursement of price support extended under Minimum Support Price operations for cotton during Cotton Season 2023-24 (October 1, 2023, to 30 September, 2024), they added. "In a significant step towards strengthening farmer welfare and advancing the vision of Aatmanirbhar Bharat, the CCEA has approved Minimum Support Price (MSP) funding of Rs ...

WGC proposes shared infrastructure to fix fragmented digital gold market

The World Gold Council has proposed a 'Gold as a Service' model to standardise digital gold and address trust and interoperability gaps

Company, customers, and professionals can all win: Pronto's Anjali Sardana

Pronto's 23-year-old founder says daily bookings have grown 18-fold in seven months, as the startup targets 70,000 bookings a day by June

India plans ₹600 crore war chest to boost LNG supply for fertiliser units

With the West Asia war showing no sign of an early end, the government has started working on alternative plans to keep fertiliser units running once they resume operations

LPG shortage in Delhi-NCR leaves consumers scrambling for refills

Long queues and limited stock show a system not firing on all cylinders

Creative opportunities: India's AVGC sector moves up the value chain

The larger opportunity lies in the rapid expansion of the AVGC ecosystem. India's media & entertainment sector was estimated at around ₹2.5 trn in 2024 and is projected to reach about ₹3 trn by 2027

India's sugar output rises 10.5% to 26.21 MT in 2025-26 season: ISMA

India's sugar production reached 26.21 million tonne so far in the ongoing 2025-26 marketing year, up by 10.5 per cent from the year-ago period, industry body ISMA said on Tuesday. The sugar output so far has exceeded the total net production of 26.12 million tonne in the full 2024-25 marketing year (October-September). The crushing was underway as 157 mills were in operation as on March 15, while 379 mills remained closed. According to Indian Sugar and Bio-energy Manufacturers Association (ISMA), mills have manufactured 26.21 million tonne of sugar as of March 15 of the 2025-26 marketing year, as against 23.72 million tonne in the year-ago period. As the sugar season advances and reaches its penultimate phase, the industry body said it continues to await an early upward revision of the Minimum Selling Price (MSP). "With production costs increasing and ex-mill realizations lagging, mills are facing mounting cash-flow pressures, leading to higher cane payment arrears," it said in a

West Asia conflict: Helmet makers flag safety risks amid cost surge

Helmet makers warn that rising input costs driven by global conflicts may lead to compromised safety standards, as price pressures intensify in India's competitive market

West Asia conflict scars begin to show on India Inc across sectors

With the war showing no signs of abating, the outlook for many sectors of India's industry is clouding over right now

Centre discusses rare-earth corridor sites in Andhra, Odisha and Kerala

Centre discusses SOP for monazite handling, private participation as corridor plans move ahead

Dubai airport closure affects flights from Kochi, Thiruvananthapuram

Flight operations to Dubai were affected after two Emirates flights returned to Kochi and Thiruvananthapuram airports following security concerns reported at the destination airport on Monday, authorities said. Flight EK533 departed Cochin International Airport Limited (CIAL) at 4.30 am with 325 people on board. En route, the aircraft was directed to turn back due to the sudden closure of Dubai International Airport, airport spokespersons said. The flight landed back at CIAL at 8.30 am, and the passengers were later disembarked, the spokesperson said. Apart from this, another Emirates flight bound for Dubai was cancelled, and both flights have been rescheduled for Tuesday, he said. Flights to other Gulf countries continued to operate from CIAL. Similarly, an Emirates flight bound for Dubai from Thiruvananthapuram returned to the airport here on Monday due to similar issues reported at the destination airport. The airport spokesperson said the Emirates TRVDXB flight returned midwa

Odisha bio-refinery faces production delays due to tech challenges: Centre

Centre says commissioning of BPCL's second-generation ethanol bio-refinery in Odisha's Bargarh has been delayed due to pandemic disruptions and limited availability of specialised technology vendors

Higher-ticket loans drive microfinance disbursals in Oct-Dec: Equifax-SIDBI

Loans above Rs 75,000 now account for 38% of microfinance disbursals, reflecting lenders' growing preference for larger exposures to existing borrowers, says Equifax-SIDBI report

176 aircraft of non-scheduled, GA operators lack cockpit recorders: Govt

As many as 176 planes operated by non-scheduled and general aviation operators do not have flight data or cockpit voice recorders, the government told the Rajya Sabha on Monday. Under the norms, aircraft that have a take-off weight of less than 5,700 kilograms are required to mandatorily have CVRs only if they had received an airworthiness certificate on or after January 1, 2016. In a written reply, Minister of State for Civil Aviation Murlidhar Mohol said that a total 2,263 aircraft were registered and issued certificates of airworthiness (C of A) before January 1, 2016. "Aircraft operated by Non-Scheduled Operator's Permit (NSOP's) /General Aviation (GA) operators which are not equipped with Flight Data Recorder (FDR)/ Cockpit Voice Recorder (CVR) are 176," Mohol said. His reply was to a query on whether the government has data on the number of aircrafts without cockpit voice and flight data recorders. The nearly 40-year-old Beechcraft C90A aircraft that crashed in Jharkhand las

PM E-DRIVE rules eased; e-bus, e-truck firms can import motors till Aug-end

The government has eased localisation requirements under the Phased Manufacturing Programme of the Rs 10,900 crore PM E-DRIVE Scheme, providing major relief to manufacturers of electric trucks and buses by allowing them to import traction motors with rare-earth magnets till August 31. In separate notifications dated March 13, the Ministry of Heavy Industries deferred the deadline to stop imports of traction motors used in e-trucks (N2/N3) and e-buses (M2/M3), a decision expected to ease component shortages faced by manufacturers. The deadline for local manufacturing of traction motors used in e-bus and e-truck categories has been extended for the second time, as in September last year, the Centre deferred it till March 2026. The requirement under Phased Manufacturing Programme (PMP) of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme stipulates that the "manufacturing of traction motor which at least includes magnet fitment, fitment of rotor ...