Page 17 - Industry News

Centre to tackle fertiliser misuse, promote balanced use: JP Nadda

Union Fertilisers Minister J P Nadda on Saturday said the government will address issues relating to balanced fertiliser use and diversion of fertilisers for non-agricultural purposes in coordination with various departments. Speaking at a day-long Chintan Shivir in the national capital, Nadda said Prime Minister Narendra Modi has consistently placed farmers at the core of governance, and policies must aim to ease their lives. "Despite various challenging circumstances, the department has successfully met the fertiliser requirements of farmers," he said, highlighting record production and necessary imports this year due to farmer-friendly measures. Minister of State for Fertilizers Anupriya Patel said the brainstorming session will generate ideas to aid in making India a developed nation by 2047, an official statement said. Fertiliser Secretary Rajat Kumar Mishra said the government, PSUs and the private sector have all placed farmers at the centre of deliberations. "We have kept

Andhra Pradesh corners 25.3% of FY26 investments: Bank of Baroda report

The private sector dominated the investment pipeline with a share of 89.7 per cent or ₹23.87 trillion, while government sector investments stood at ₹2.75 trillion

Centre okays 22 more investment proposals worth ₹42K crore under ECMS

The government has approved 22 additional applications under the Electronics Component Manufacturing Scheme, taking total approvals to 46 companies with cumulative investment of Rs 54,567 crore

Ultra-rich splurge ₹7,186 cr on 51 homes in 2025; Mumbai dominates

Mumbai accounted for 35 of the 51 ultra-luxury home deals in 2025, cornering over ₹5,100 crore in value, as India's wealthy continued to back big-ticket residential assets

Semaglutide patent loss to create ₹5,000 crore opportunity: Report

Patent expiries of blockbuster weight-loss drug semaglutide may create a ₹5,000 crore generic opportunity for Indian pharma firms across India and key emerging and regulated markets

Air India pulls ahead of IndiGo in India's busiest Mumbai-Delhi skies route

Mumbai-Delhi corridor ranks among world's top 10 as competition pushes fares lower

New Year's Eve frenzy: Grapes, biryani, pizzas among most-ordered items

The surge in sales activity, across different platforms, came even as gig worker unions had called a nationwide strike

Car sales zoom 26% in Dec on GST cut, year-end rush lifts wholesale demand

For calendar year 2025, domestic PV wholesales stood at 4.55 million units, marking a 5.7 per cent YoY increase

Coal India posts 4.6% output growth in December, but offtake drops 5.2%

Coal India on Thursday reported a 4.6 per cent year-on-year (y-o-y) growth in production and a 5.2 per cent fall in offtake in December. The miner, along with its eight subsidiaries, produced 75.7 million tonnes (MT) of coal in December 2025, higher than 72.4 MT in the same month in 2024. However, the offtake was at 64.9 MT in the month under review, lower than 68.5 MT in December 2024. Coal India's cumulative production fell by 2.6 per cent to 529.2 MT in April-December FY26 from 543.4 MT in the nine-month period of the preceding FY25. Offtake during the period also slipped 2.2 per cent to 544.7 MT from 557 MT in April-December 2024-25. Coal India, under the Ministry of Coal, is India's largest coal mining company.

Power consumption rises 7% to 138.39 billion units in Dec amid cold wave

Power consumption grew nearly 7 per cent to 138.39 billion units (BU) in December from 129.39 BU a year ago, as the use of heating appliances like geysers and blowers increased on account of severe cold in North India. According to the government data, the peak power demand met or the highest supply during December also rose to 241.20 GW from 224.23 GW recorded in December 2024. The peak power demand had touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. However, this summer (April onwards), the record peak power demand was 242.77 GW in June. According to government estimate, peak power demand was expected to touch 277 GW in the summer of 2025. Experts said as cold intensified in December, use of heating appliances like geysers and blowers increased. This increased the demand as well as consumption of electricity in various parts of the country, especially North. They said power consumpti

In an AI world, BPM industry embraces AI to rethink the BPO future

Explaining the rationale behind the acquisition, Capgemini chief executive officer Aiman Ezzat said the BPM industry remains one of the fastest-growing segments

Treasury income under pressure for banks in Q3 as yields stay elevated

RBI repo rate cuts fail to ease yields across tenors

Carmakers flex dealer, service networks to drive growth beyond metros

Network scale seen as central to tapping smaller markets

Auto registrations hit record 28 mn in 2025, EV sales steal the spotlight

India's vehicle registrations crossed 28 million in calendar year 2025 for the first time, driven by steady overall demand and strong growth in electric two-wheelers and passenger EVs

India can save $1 bn in crude imports by replacing 10% diesel with LNG

Reducing liquid-fuel demand will lower exposure to global oil price shocks as India remains heavily dependent on imported crude oil, said the country's petroleum regulator

Bharat Taxi to roll out by January-end after successful pilot in Delhi

The cooperatives-backed ride-hailing service Bharat Taxi will be officially launched in Delhi and other cities by the end of January, following an encouraging response during its soft launch, a senior cooperation ministry official said on Thursday. The digital platform, operated by Sahakar Taxi Cooperative Ltd, was introduced in the capital on a pilot basis on December 2, 2024. "We have received a very good response for the Bharat Taxi service during the soft launch. The official launch will be done by month-end," Panjak Kumar Bansal, Additional Secretary in the Cooperation Ministry, told PTI. The service has been recording an average of 5,500 rides daily, including 4,000 from the airport and 1,500 from other locations across cab, auto and bike categories, Bansal said. More than 1.4 lakh drivers have registered on the app so far. Sahakar Taxi Cooperative Ltd is promoted by eight leading cooperative organisations -- Gujarat Co-operative Milk Marketing Federation (Amul), IFFCO, KRIB

NMDC sees 15% growth in December iron ore output, sales grow 19%

State-owned NMDC on Thursday reported a 14.64 per cent year-on-year rise in iron ore production and 18.67 per cent growth in sales in December. The miner produced 5.40 million tonnes (MT) of iron ore in December 2025, higher than 4.71 MT in the same month in 2024. Iron ore sales rose to 6.64 MT in the month under review from 3.91 MT in December 2024. NMDC's cumulative production rose to 36.89 MT in April-December FY26 from 30.77 MT in the nine-month period of the preceding FY25. Sales during the period also surged to 34.92 MT from 31.80 MT in April-December 2024-25. NMDC, under the Ministry of Steel, is India's largest iron ore mining company, catering to the country's over 20 per cent need for the key steel making raw material.

Hyundai Motor India records 6.6% sales growth to 58,702 units in Dec

Hyundai Motor India Ltd on Thursday reported a 6.6 per cent year-on-year growth in total sales at 58,702 units in December 2025. This includes monthly domestic sales of 42,416 units and exports of 16,286 units, Hyundai Motor India Ltd (HMIL) said in a statement. "Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 per cent year-on-year growth in total monthly sales for December 2025," HMIL Managing Director and CEO Tarun Garg said. The company delivered a 26.5 per cent year-on-year growth in export volume in December, he added.

Rajasthan grounds ₹8 trillion of Summit MoUs, signalling execution focus

The official said the state recorded a series of policy, investment and governance milestones in 2025 that are reshaping its economic landscape

Wheat sowing almost complete, prospects bright this rabi: Agri Commissioner

India has nearly completed wheat sowing for the current rabi season, with crop conditions looking promising, Agriculture Commissioner PK Singh said on Thursday. Wheat was sown across 32.26 million hectares as of December 29 in the ongoing 2025-26 rabi (winter) season compared to a total coverage of 32.8 million hectares in the previous year, Singh said. "Barring some parts of Bihar, wheat sowing has been completed across the country. The total acreage may reach last year's level," Singh told PTI. More than 73 per cent of the sown area has been planted with climate-resilient and bio-fortified seed varieties that will help counter any weather aberrations, he noted. "Due to timely and early sowing, the prospects for the wheat crop look bright, and it is in excellent condition as of now. No problems have been reported from wheat-growing areas," the official said. Sowing of pulses and oilseeds has been completed, and rice planting will continue until January-end in southern India, he .