Page 17 - Industry News

Insurance industry takes ₹10,000 crore hit each year on frauds: Report

A new BCG-Medi Assist report highlights how fraud, waste, and abuse are eroding insurer margins, inflating premiums and weakening sectoral RoE, with mid-ticket claims driving most leakages

From Vizag's fringes, AMTZ prescribes fully 'Made in India' hospitals

Made in India Hospital concept is to build upon the point that an entire hospital could be made functional and operational, using Made in India medical equipment, said Jitendra Sharma MD&CEO of AMTZ

2 more Chinese carriers want to start flights with India, file applications

Two additional Chinese carriers have applied to begin India-China flights, adding momentum to the gradual reopening of air links as bilateral ties improve

India's metabolic crisis deepens as young adults face diabetes surge

Diabetes is increasingly becoming a major global health concern, with an estimated 589 million adults currently living with the condition and the number expected to rise to 853 million by 2050

CAs on a par with advocates for ITAT appointment, rules Supreme Court

The Supreme Court has ruled that chartered accountants with ten years' experience can qualify for ITAT membership, striking down the earlier 25-year requirement as unconstitutional

India's real estate may get institutional investments of ₹5-7 bn in 2025

Institutional investments in Indian real estate totalled $4.3 billion in the first nine months of 2025, a 9% Y-o-Y decline

Regulatory, customer pattern changes nudge foreign insurers' India interest

A slew of foreign insurers have already either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market

Delhi's winter power demand to rise to new record high of 6,000 MW

Within the areas of power discom BSES, winter peaks last year reached 2,431 MW in BRPL and 1,105 MW in BYPL

Major secy-level rejig, Neeraj Mittal shifted to petroleum ministry

The Appointments Committee has cleared a major bureaucratic reshuffle, naming Neeraj Mittal as petroleum secretary and Amit Agrawal as telecom secretary, with other key changes across ministries

DGCA to meet airlines and pilot bodies on revised crew duty, rest norms

Aviation safety regulator DGCA has convened a meeting with airline operators and pilots' bodies in New Delhi next week to discuss various issues related to the cockpit crew's duty and rest norms following the regulator making certain relaxations, including allowing more night landings and duty time extension for two-pilot Boeing 787 Dreamliner aircraft operations. The latest flight duty time limitation norms, which entail increased weekly rest periods to 48 hours, extension of night hours, and limiting the number of night landings to only two as against six earlier were initially opposed by the domestic airlines, including IndiGo and Air India. But they were subsequently rolled out by the DGCA following the Delhi High Court's directives, albeit after a delay of over one year and in a phased manner with the first phase in June and second phase this month. "The DGCA has called a meeting on Monday with the Federation of Indian Pilots (FIP) and Airlines' Pilots Association (ALPA-India)

The tough race for critical minerals continues despite viability fears

While the auction of mines has attracted high bids, just how many of these mines will actually be commercially viable remains to be seen

FSSAI orders removal of all drinks using 'ORS' label, cites health concerns

The regulator has told officers to pull misleading ORS-labelled beverages from retail and online platforms, stressing that only WHO-compliant ORS drugs can use the term

Ultrahuman raises ₹100 crore in venture debt to fuel market expansion

The Bengaluru health-tech firm plans to use the Alteria Capital financing to scale its wearable ecosystem, deepen product innovation and expand sports and research partnerships

Farm sector can maintain 4% growth for a decade: Niti Aayog's Ramesh Chand

India's agriculture sector can easily maintain a 4 per cent growth rate over the next 10 years, and the country needs to enhance its warehouse infrastructure, Niti Aayog member Ramesh Chand said on Thursday. Addressing an event organised by industry body PHDCCI, Chand said agricultural products' demand will grow at 2.5 per cent. "So, I feel that we can easily assume, easily maintain this 4 per cent growth in the agriculture sector in the next 10 years," he noted. India's agriculture sector recorded a growth rate of 3.7 per cent during the first quarter of 2025-26. "But our agricultural products' demand is not rising at that rate. So, either use these products for industry or tap the export market. I feel tapping the export market is a much better option," Chand added. Warehousing requirements for rice and wheat are not different, but in the case of maize, it is different, he said. Chand noted that regulations are important in influencing investment decisions in warehousing, if th

India's palm oil imports to rebound from 5-yr low on competitive prices

The increase in purchases by the world's largest buyer is likely to reduce stocks in key producing countries such as Indonesia and Malaysia and lend support to benchmark Malaysian palm oil futures

India's data centre rush hits a roadblock: Cooling in a water-scarce nation

Companies are rushing to build data centres in India, bringing billions in investment, but a key sustainability challenge looms: cooling these power-hungry facilities in a water-scarce country

NCDC refutes Lancet AMR study, says high colonisation not infection risk

The NCDC challenged a Lancet study on high MDRO colonisation in Indian ERCP patients, stating colonisation infection and India's drug-resistant infection rates are still relatively low

Centre's district-level playbook to steer business reforms in states

The DPIIT has told states to conduct a training need assessment (TNA) every year for officers and staff involved in investment promotion and facilitation

India may lose tech edge unless big firms scale up AI spending: MeitY

MeitY's Abhishek Singh cautions that rapid advances in machine intelligence threaten India's long-held IT edge

Trai directs financial entities to use '1600' number series from 2026

Trai has ordered BFSI firms to move service and transaction calls to the 1600 series from 2026 to reduce spam, financial fraud, and rising digital-arrest scams