Page 13 - Industry News

India firms, Uralchem sign deal for 1.8-2 mn tonnes urea plant in Russia

Russia's share in India's total fertiliser imports has grown from a mere 7.68 per cent in 2017-18 to almost 27 per cent in 2023-24, making it a significant player in India's fertiliser story

LS clears bill to impose cess on pan masala units for health, security

The Lok Sabha on Friday passed a bill to levy a cess on manufacturing units of pan masala, and utilise the fund for strengthening national security and improving public health. Replying to the debate on the Health Security se National Security Cess Bill, 2025, Finance Minister Nirmala Sitharaman said the cess will be shared with the states, as public health is a state subject. The bill was later passed by voice vote by the Lok Sabha. The bill seeks to augment the resources for meeting expenditure on national security and for public health by levying a cess on the machines installed or other processes undertaken to manufacture pan masala and similar goods. The purpose of the bill is to create a "dedicated and predictable resource stream" for two domains of national importance -- health and national security, she said. Sitharaman said pan masala will be taxed at the maximum 40 per cent rate under Goods and Services Tax (GST) based on its consumption, and there will be no impact of t

RBI's revised norms empower cooperative banks with greater autonomy

RBI's final business authorisation norms expand operational autonomy for co-op banks while strengthening oversight, introducing a four-tier framework for the diverse UCB sector

Weak rupee may raise fertiliser import, production costs and subsidy load

A sliding rupee could make both fertiliser imports and domestic production costlier, pushing the subsidy bill higher as urea and DAP prices remain fixed for farmers

Consumer durable firms set to hike product prices as rupee slides

Consumer electronics firms expect to raise prices by up to 10% as the rupee weakens and input costs rise, while food companies watch the currency closely before adjusting prices

Enhancing margins: Weak rupee a silver lining for IT services companies

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

BAT to sell up to 15.3% stake in ITC Hotels via block trade process

BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026

India's nuclear power generation capacity to reach 21,880 MW by 2032: Govt

India's nuclear capacity will expand sharply to 21,880 MW by 2032 as ongoing and planned PHWR projects come online, with BARC also developing next-generation Small Modular Reactors

Tsugami launches ₹300 cr Chennai plant, boosting precision engineering

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

Retail sector pushes for 'one nation, one retail' policy, simpler norms

Retailers at IndiaEdge 2025 urged a unified national retail policy, single-window digital clearances and fewer overlapping licences to ease compliance and support sectoral growth

Centre releases ₹37,000 cr under RDSS to boost power distribution

The Centre has released Rs 37,000 crore under RDSS-38% of sanctioned support-with fund disbursal tied to DISCOMs meeting milestones and state-specific action plans

Govt prepares framework for Indian carbon market under CCTS, sets up panel

The government has framed the structure for the Indian carbon market under CCTS, with a National Steering Committee to guide it and several sectors already moving to the compliance regime

Indian cybersecurity product firms may generate $6 bn revenue in 2026: DSCI

India's cybersecurity product companies are projected to generate nearly $6 billion in 2026, up from $4.46 bn in 2025, even as AI-driven attacks and sophisticated threats reshape security landscape

Chhattisgarh govt releases 22nd instalment of Mahatari Vandan Yojana

Chief Minister Vishnu Deo Sai disbursed ₹634.65 crore at a programme in Mohla-Manpur-Ambagarh Chowki district

Commercial & Industrial renewable capacity to hit 60-80 GW by 2030

The official said that by 2030, C&I RE capacity will be between 60 GW and 80 GW

East Asian hotel chains ramp up India market expansion plans

Targeting luxury and mid segments, companies to chip at US, European brands' market share

India's crude security holds as refiners pivot from sanctioned suppliers

With the November 21 deadline now past, India's Russian crude inflows are easing but not collapsing as refiners pivot to non-sanctioned suppliers, tap alternatives and benefit from soft global prices

Indian economy on strong footing, says Commerce Minister Piyush Goyal

Commerce minister Piyush Goyal said the economy is on a strong footing despite global turmoil, citing Q2 growth and export gains in October-November

Govt proposes board approval, CCO nod for opening coal mines in draft rules

Under the proposed framework, companies engaged in coal mining must obtain prior approval from their Board of Directors before opening any mine, seam or section of a seam

Flipkart names former Meta executive Dan Neary to board ahead of IPO plans

Flipkart has appointed former Meta executive Dan Neary to its board as it readies a potential IPO filing, signalling push on governance, innovation & operational discipline ahead of a planned listing