Page 25 - Industry News

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

Vivek Chaturvedi appointed CBIC chairman, to take charge on December 1

Chaturvedi's service record shows that his deepest and longest experience lies in the Directorate of Revenue Intelligence (DRI)

Excise reset uncorks demand and investment in Andhra's liquor market

Retail privatisation, wider brand access and transparent rules are lifting volumes and drawing major players back to the state

Need anti-dumping duties on Chinese excavators, cranes: ACE's Sorab Agarwal

ACE's Sorab Agarwal urges urgent safeguard or anti-dumping duties on Chinese crawler excavators and tower cranes, warning that predatory pricing and subsidies are rapidly eroding India's market share

E2W sales stumble in November; Hero knocks Ola Electric out of top 4

Once the market leader, Ola Electric saw registrations fall below the 10,000-a-month mark, down to 8,254 units, almost half of what it posted in October, according to Vahan data

Incidents of paddy stubble burning down sharply 13% in 2025, shows data

In Haryana, the number has come down by a similar percentage to just 659

Experts on DoT mandate: SIM binding for OTTs unlikely to curb fraud

Industry and policy experts warn the new rules could upend user experience while doing little to curb cyber fraud

Govt must keep non-serious firms out of magnet scheme: Sona Comstar MD

Sona Comstar MD says Centre should consider 'ring-fencing' this sector through safeguard duties in future

OTTs may drive up to 10% growth for South cinema dubbing rights in 2026

Earlier, the dubbed rights of South Indian films were considered 'library fillers' or inexpensive content acquired to keep channels running round the clock

Consumption demand zooms to 3-quarter high; govt spending declines in Q2

Economists reckon this recovery could be a sign of the broadbasing of consumption in the economy, with rural consumption leading the way