Page 3 - Industry News

Keralam seafood sector unveils plan to boost sustainable fishing, exports

Keralam's seafood sector has launched a sustainability initiative with a draft state fisheries management plan and a digital tracking framework aimed at strengthening responsible fishing practices and expanding the state's share in the global seafood market, SEAI members on Saturday said. The initiatives were unveiled at an annual stakeholder consultation hosted by the Seafood Exporters Association of India (SEAI) on Willingdon Island, attended by government officials, marine scientists, seafood exporters and sustainability organisations. A statement by SEAI said that stakeholders agreed on a roadmap to seek Marine Stewardship Council (MSC) certification for Keralam's key shrimp and cephalopod fisheries. The Draft Kerala State Fisheries Management Plan, prepared by scientists at the ICAR-Central Marine Fisheries Research Institute (CMFRI), proposes science-based harvest control rules and gear restrictions to prevent juvenile overfishing and improve the long-term productivity of mari

India's core sector growth rises by 5.4% in July on coal, refinery products

Production growth of nine key infrastructure sectors rose to 5.4 per cent in July following an increase in output of coal, refinery products, cement, electricity and iron ore. The core sectors' growth was 3.2 per cent in July 2025 and 6 per cent in June 2026. From June, the data has been released with a new base year, 2022-23, replacing the earlier base year of 2011-12. The government has added iron ore to the index, increasing the number of core sectors to nine. According to the official data released on Thursday, production of crude oil, natural gas, and fertiliser declined during the month. During April-July 2026-27, the key sectors expanded by 4.3 per cent against 1.5 per cent in the same period last year.

HELM AG, Parijat Industries sign deal for agri-commerce, manufacturing

German chemical major HELM AG and agrochemical firm Parijat Industries (India) Ltd on Monday announced a wide-ranging strategic partnership covering digital commerce, branded crop protection products, technical manufacturing and international distribution. The collaboration will bring together HELM's global agri-input portfolio and technology platforms, including portfolio company PEAT GmbH, which runs the Plantix digital agriculture platform, with Parijat's manufacturing base, global distribution network and formulation capabilities, according to a statement. As part of the pact, Parijat will acquire a retailer-focused digital commerce platform along with its retailer database to strengthen procurement efficiency, market access and distribution reach. The company will also collaborate with the Plantix team to leverage its farmer connect and demand-generation capabilities, including exclusive direct-to-farmer marketing features. The deal further paves the way for a new brand line i

Govt clears 31 electronic component manufacturing proposals worth ₹7,877 cr

With the latest approvals, the government has cleared 106 applications covering around 30 product categories across 15 states under the ECMS

Oil palm mission meets 42% of 650,000 hectare target; no higher aid planned

The Centre's oil palm mission achieved 42% of its 650,000 hectare target by 2025-26, while the government ruled out higher financial assistance under the programme

Only 32% find restaurant hygiene good; dirty kitchens top concern: Survey

A LocalCircles survey found that 57 per cent of consumers had seen dirty dining areas, kitchens or washrooms, while 53 per cent had observed staff handling food unhygienically

Flipkart Minutes enters premium grocery segment, launches pvt label Pykd

The move comes as quick-commerce companies expand beyond everyday grocery products and seek to attract customers with higher-value purchases

FSSAI calls Diageo's 'matured in American oak casks' claim misleading

United Spirits told stock exchanges this week it anticipated no financial implications from the ban but ​it was closely monitoring the matter

EV retail sales hit record high in July as adoption gathers pace

EV retail sales rose 66 per cent year-on-year to 327,901 units in July, pushing penetration to nearly 12 per cent as adoption accelerated across vehicle segments.

Sugar mills plan early crushing as prices rise ahead of festive demand

Sugar mills have proposed starting the 2026-27 crushing season 10-15 days early to improve festive supplies

Air India's CEO pick was earlier chosen to lead Pakistan's largest airline

Tewolde Gebremariam was earlier shortlisted to head Pakistan International Airlines as it pursued a turnaround following its privatisation

DLF confident of meeting FY27 pre-sales target of ₹20k cr despite weak Q1

Realty major DLF Ltd on Tuesday exuded confidence that it will achieve sales bookings target of around Rs 20,000 crore this fiscal on strong launch pipeline and inventories in existing projects, even as the company's pre-sales plunged 94 per cent in the June quarter to Rs 657 crore. During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a record of Rs 21,223 crore in the preceding financial year. In May this year, the company had given an annual sales bookings guidance of Rs 20,000 crore for the current 2026-27 fiscal. At a webcast with a capital market analyst, DLF Ltd Managing Director Ashok Kumar Tyagi pointed out that the June quarter was weak in terms of pre-sales as the company did not launch any housing project. However, he said, "We are on track to hopefully meet our sales guidance." Tyagi said the company continues to focus on improving cash flows and embedded margins. He said the company is also looking at strategic land acquisitio

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

DoT signs MoU with MP for India's first Telecom Manufacturing Zone

Centre and Madhya Pradesh sign MoU for telecom manufacturing hub, targeting up to Rs 9,000 crore in investments and around 10,000 jobs

RIICO gets 449 applications for 240 industrial plots in Rajasthan

RIICO received 449 applications for 240 industrial plots under its Direct Allotment Scheme, reflecting strong investor interest in Rajasthan's manufacturing sector

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing

Services output growth cools in May as postal, broadcasting contract

NSO's trial services index shows fewer sectors posting double-digit growth, though accommodation, banking and retail continue to lead the expansion

Indian manufacturers back AI for growth but lag on innovation: PwC report

Report says Indian manufacturers are more optimistic about AI than global peers but warns weak innovation and poor technology integration could hurt long-term competitiveness

May ISP: 16 of 19 service sub-sectors grow; accommodation, food lead

Eight sub-sectors recorded double-digit growth, while information and broadcasting, air transport, and postal and courier services contracted year-on-year

From Google to Zomato: What the Digital Competition Bill means for firms

The Union government may raise thresholds under the proposed Digital Competition Bill. Here's what the law seeks to do, who may fall within its scope and why the changes matter