Page 14 - Industry News

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

Arun Kumar Singh gets one-year extension as ONGC chairman and CEO

The Centre has extended Arun Kumar Singh's tenure as ONGC chairman and CEO by one year on contract, while setting up a committee led by PESB chief Mallika Srinivasan to select a regular chairman

Digital NBFCs record nearly half of all outstanding personal loans

Digital non-banking financial companies (NBFCs) account for 49 per cent of outstanding personal loan volumes, but only 8 per cent of the value as of September

DPIIT chief asks industry to make realistic demands on deregulation, safety

DPIIT secretary Amardeep Singh Bhatia urged industry to seek "realistic" regulatory relaxations, balancing ease of doing business with public safety, as panels review laws to cut compliance burden

NCLAT reserves verdict on CCI's plea in WhatsApp-Meta data-sharing case

In November this year, the NCLAT had set aside the CCI's five-year prohibition on data sharing for advertising, but upheld the penalty of ₹213.14 crore and other directions issued by the regulator

No plan to lift FDI cap in public sector banks beyond 20%: MoS Finance

The government is not considering any proposal to raise the foreign direct investment (FDI) limit in public sector banks to 49 per cent, from the current 20 per cent, Minister of State for Finance Pankaj Chaudhary said on Tuesday. The FDI limit in PSBs and private sector banks is 20 per cent and 74 per cent, respectively. In case of private sector banks, up to 49 per cent of FDI is through the automatic route and beyond 49 per cent and up to 74 per cent, government route is applicable. In response to a written question in the Rajya Sabha on whether the government has proposed raising the FDI limit in PSBs to 49 per cent, Chaudhary replied in the negative. Further, as per Reserve Bank of India's (RBI) Master Directions on Acquisition and holding of shares or voting rights in Banking Companies', share acquisition of a bank resulting in any person owning or controlling 5 per cent or more of the paid-up capital of the bank, requires prior RBI approval. Replying to another question, ...

ADB approves $650 mn loan to boost India's rooftop solar rollout by 2027

Multilateral development bank ADB has approved a USD 650 million (about Rs 5,780 crore) policy-based loan to help the Government of India accelerate rooftop solar adoption and expand access to clean, affordable energy for 10 million households by 2027. The financing under Subprogram 1 of the Accelerating Affordable and Inclusive Rooftop Solar Systems Development Program will support the government's flagship initiative Pradhan Mantri Surya Ghar: Muft Bijli Yojana (PMSGMBY) which aims to make rooftop solar systems widely accessible nationwide, ADB said in a statement on Tuesday. The programme is accelerating India's clean energy transition by removing long-standing barriers to rooftop solar adoption, including financing constraints and regulatory gaps, ADB Country Director for India Mio Oka said. It is making rooftop solar affordable and accessible for millions of households while creating green jobs, empowering women, and strengthening the financial health of the power sector, she

Food companies take note of rising AI-generated images for refund

Restaurants, aggregators deploy AI detection tools as morphed photos of melted cakes, flies in food drive fraudulent claims

Near-term margins for cement companies to remain under pressure

Weak Q3 pricing persists despite Y-o-Y profit gains, as aggressive capacity expansion overshadows near-term demand

Think & Learn RP, GLAS representative, EY India chief summoned by Kerala HC

The executives have been directed to appear on December 5 as the court examines alleged contempt involving the company's foreign assets

DreamFolks Services to acquire 60.24% stake in Dubai's Easy to Travel

The Rs 36 crore acquisition aims to diversify services and strengthen digital delivery via ETT's global airport network