Page 13 - Industry News

CIE scheme to be notified by mid-2026 to boost equipment manufacturing

The government will notify the CIE incentive scheme by mid-2026 to boost domestic manufacturing, raise value addition, and attract investments in construction equipment

LPG crisis: HungerBox invests ₹3.5 crore in shift to electric cooking

HungerBox has invested Rs 3.5 crore in electric cooking systems to tackle LPG shortages and support food partners, ensuring continuity amid supply disruptions

Centre forms seven official panels to tackle impact of West Asia crisis

The first panel on defence, external affairs and public order is led by Foreign Secretary Vikram Misri, with Home Secretary Govind Mohan and Defence Secretary Rajesh Kumar Singh as members

Centre relaxes monthly sugar sales quota for March on subdued demand

The Centre has relaxed sugar dispatch norms for March 2026, allowing mills flexibility amid weak demand without penalties for missing quota targets

Industry leaders stress trust, innovation as key for enduring institutions

Industry leaders on Tuesday emphasised that trust, innovation and empowered organisational structures are critical for building resilient and future-ready institutions, as businesses navigate rapid technological change and evolving consumer expectations. Speaking at the annual regional meeting and conference of the Confederation of Indian Industry (CII), Eastern region, themed 'Vision with Velocity', corporate leaders said institutions must balance scale with agility while remaining anchored in strong values. ITC chairman Sanjeev Puri said long-term institutional success rests on three pillars -- vision, values and vitality. "Reshaping the narrative of a legacy institution comes down to vision, values and vitality," Puri said, adding that businesses must move beyond simple diversification to build multiple drivers of growth aligned with market opportunities and institutional strengths. He stressed that large organisations should function like "multiple startups within a larger ...

PM Internship Scheme's pilot relaxes age criteria, increases compensation

The Prime Minister Internship Scheme pilot has widened the age band, raised stipends to Rs 9,000, and reduced duration to 6-9 months to improve participation

After Zomato, Swiggy raises platform fee to ₹17.58 amid cost pressures

Swiggy has raised its platform fee to Rs 17.58, following Zomato's move, as rising costs and supply constraints in commercial LPG impact food delivery operations

India's flex office stock crosses 100 mn sq ft, triples since 2020: CBRE

Flexible office stock in India has surged past 100 million sq ft, tripling since 2020, driven by enterprise adoption, GCC expansion, and strong investor interest

Corporate Laws Amendment Bill to empower NFRA, ease compliance tabled in LS

The Corporate Laws Amendment Bill proposes decriminalisation, stronger NFRA powers, and simpler compliance norms, alongside reforms in mergers, CSR, and corporate governance

Niti Aayog retools Feb 10 transport report after Auto Inc pushback

FFVs and CBG vehicles run on flex fuel (currently ethanol blended with petrol) or bio-gas (currently CBG mixed with compressed natural gas) using internal combustion engines

Sudden rains, West Asia crisis throw a curveball at consumer demand

Rising raw material costs, West Asia tensions squeeze consumer goods sales

Manufacturing push: Execution will be key to success of industrial parks

Many industrial areas remain underutilised; in Karnataka, some parks have only about 25% of units operational due to poor connectivity, weak governance, regulatory delays and low demand

Asgard Alcobev appoints Ronak Jain as Managing Director

Asgard Alcobev Ltd on Monday said it has appointed Ronak Jain as new Managing Director. With over 15 years of experience in the liquor and beer industry, Jain is set to drive the company's strategic realignment and long-term growth, a company statement said, adding that the appointment is for a period of five years. Rohit Jain is a seasoned entrepreneur with diversified experience across breweries, distilleries, cement, steel, and allied industries, the company said. The emerging alcoholic beverages manufacturer, previously known as Banganga Paper Industries Ltd, also announced two additional appointments -- Priyanka Jain as Additional Director (Non-Executive) and Binit Singhania as Chief Financial Officer (CFO) & Finance Director. These appointments underscore Asgard Alcobev's ongoing strategic realignment. Having transitioned from its legacy paper manufacturing business to the alcoholic beverages sector, the company recently acquired a majority stake in CMJ Breweries in ...

IndiGo appoints ex-Air India Express MD Aloke Singh as strategy chief

Singh previously served as managing director and chief executive officer of Air India Express, where he led operational improvements and expansion

IBA suggests blending of 20% biogas in CNG to boost clean mobility in Delhi

The Indian Biogas Association (IBA) has suggested to the Delhi government that it pursue up to 20 per cent blending of compressed biogas into compressed natural gas, as it can bring gaseous (vehicular) mobility close to carbon neutrality. In a statement, the IBA pointed out that although EV adoption is increasing, EV penetration in the overall vehicle fleet remains limited. Thus, it makes CNG the best choice as a clean fuel because of its negligible particulate emission and significantly lower levels of NOx compared to diesel, it added. The IBA has submitted its recommendations on the Draft Delhi Electric Vehicle Policy to the Delhi government, urging policymakers to adopt an integrated clean mobility approach that combines electric vehicles (EVs), CNG, and CBG to deliver immediate and scalable emissions reductions. The IBA pointed out that the existing infrastructure for the supply of CNG, including pipelines, dispensing stations, and millions of vehicles that run on this fuel, ...

Govt to deploy 10,000 AC E-buses in 116 cities by 2027; 35,000 more planned

The government on Monday informed the Rajya Sabha that 10,000 air-conditioned e-buses would be provided to 116 cities across 26 states/UTs by the end of 2027 under the PM-eBus Sewa Scheme, and a new scheme would be launched thereafter to provide another 35,000 e-buses. Replying to supplementary queries during Question Hour, Minister of Housing and Urban Affairs Manohar Lal said Prime Minister Narendra Modi had on August 16, 2023, announced that the PM e-Bus Sewa scheme to provide mobility in smaller cities and tackle rising pollution. Since states were unable to provide adequate finance for e-buses, a target of a total of 10,000 buses was put under the PM e-Bus Sewa scheme for towns with a population between 3 lakh and 40 lakh, he said. The minister said states were told to give their demands, and a selection criterion was laid down, and buses were sanctioned on the recommendations of coordination committees. "Out of 178 cities eligible, 116 cities participated, and they were allot

FAI seeks govt relief for urea producers amid gas curbs, supply fears

Fertiliser Association of India (FAI) has urged the government to provide financial relief to urea producers hit by gas supply disruptions, warning that production shortfalls and a separate packaging materials crunch could disrupt fertiliser supplies ahead of the crucial kharif season. In a letter to the government, FAI called for energy cost reimbursements and penalty waivers for plants operating under constrained gas supplies, citing extraordinary circumstances stemming from the ongoing geopolitical crisis. Fertiliser plants are classified under Priority Sector-2 in the Natural Gas Supply Regulation Order notified on March 9, 2026, which allocates them 70 per cent of their six-month average consumption. FAI said the restriction was squeezing production at plants operating under the New Urea Policy 2025, modified NPS III and NIP 2012 frameworks. The industry body sought the government to recognise actual energy consumption or applicable energy norms - whichever is higher - during

Govt to lift airfare cap from March 23 imposed after IndiGo disruptions

The Civil Aviation Ministry said it would remove the temporary cap on domestic airfares from March 23, a restriction imposed after massive flight disruptions hit IndiGo in December 2025

Air India to introduce crew fitness policy; lapses may lead to pay loss

Air India is planning to introduce a health and fitness compliance policy for its cabin crew, under which those found underweight, overweight or obese could face derostering and loss of pay. The compliance assessment will be based on the cabin crew members' Body Mass Index (BMI) with a reading of 18-24.9 defined as 'normal' and accepted as 'desired range' by the airline. A BMI reading of less than 18 will be considered as 'underweight', though it may be acceptable subject to clearing of medical evaluation and functional assessment, according to the policy accessed by PTI. A BMI reading in the range of 25-29.9 will be defined as 'overweight' and will be considered acceptable, provided the cabin crew member clears the functional assessment. As per the policy, to be effective from May 1, a reading of 30 or above is 'obese' and not an acceptable range. A cabin crew member will be derostered if he or she is either 'underweight' or 'overweight' and will be required to clear the function

India confident of meeting power demand despite West Asia crisis

India has produced 1 billion metric tons of coal for a second successive year, ‌the ​coal ministry said on ​Saturday, which could be enough to meet summer power demand