Page 30 - Industry News

Green H2 output target may be delayed by 2 years, says MNRE secretary

The policy uncertainties in Europe and the IMO's decision to defer its net-zero framework by a year were the prime factors for the target revision, said Santosh Sarangi

Sowing trend: Wheat acreage rises 129% as of November 7, shows data

Soil moisture substantially improved owing to vigorous post-monsoon showers across many parts of India, which swayed farmers to plant more area under rabi crops to get the best yields

Festival cheer, tax cuts fuelled strong commercial vehicle recovery in Oct

India's commercial vehicle market logged its best post-pandemic retail growth in over two years as GST cuts, freight recovery, and festive buying lifted demand across segments

Varun Berry resigns as Britannia MD and CEO after 13 years at the helm

Britannia Industries vice-chairman and MD Varun Berry has stepped down after over a decade at the company. CFO N. Venkataraman will serve as interim CEO until successor Rakshit Hargave takes charge

JK Tyre aiming for 20% export share in 5 years: CMD Raghupati Singhania

Company eyes growth in Europe, South America and Africa as Mexico output offsets US trade curbs

High-growth segments, acquisition to drive gains for Torrent Pharma

Led by the India business and rest-of-the-world markets, the company reported a robust 14.3 per cent year-on-year (Y-o-Y) growth in revenues

IN-SPACe, SIDBI Venture Capital sign ₹1,000 cr space sector fund deal

IN-SPACe and SIDBI Venture Capital have signed a contribution agreement to operationalise the Rs 1,000 crore venture capital fund aimed at boosting innovation and private participation in space sector

Shailesh Chandra becomes first Indian to head global auto body OICA

Chandra becomes the first Indian to head OICA, marking a significant milestone for India's presence in global automotive decision-making

India's spirits industry braces up cautiously ahead of UK FTA ratification

With tariff cuts under the UK-India FTA, spirit producers expect faster growth, price access, and stiffer competition in premium whisky

Hackathon way of hiring: IT firms seek engineers with practical skills

Real-world problem-solving events are replacing conventional placements, giving IT firms a stage to recruit engineers for their practical skills

AAI to take charge of Naini Saini airport; MoU signed in Modi's presence

The Airports Authority of India (AAI) and the Uttarakhand government on Sunday signed a Memorandum of Understanding for the acquisition of Naini Saini Airport in the presence of Prime Minister Narendra Modi. According to officials, the "historic" agreement is a step towards providing smooth, safe, and sustainable air connectivity to the mountainous region of Uttarakhand. Located in Pithoragarh district, Naini Saini Airport spans approximately 70 acres and has a terminal building capable of handling 40 passengers during peak hours. The airport apron can also accommodate two aircraft at a time. With the acquisition, AAI will undertake the upgradation of the airport's infrastructure and streamlining of operational standards, which will lead to significant improvement in the regional connectivity of the state, officials said. The development of the airport will provide a new impetus to Uttarakhand's local art, cultural heritage, and tourism sector. It will also open up new opportunitie

India's top six cities record 26% rise in new office supply; Pune leads

India's top six cities witnessed a 26 per cent annual growth in new supply of office spaces during the September quarter to 16.1 million sq ft as developers look to encash strong demand of premium workspaces from global and domestic firms, according to Vestian. US-based real estate consultant Vestian data showed that the new supply of office space was the highest in Pune at 3.70 million sq ft during the July-September period, an increase of 164 per cent from the year-ago period. In Delhi-NCR, the new office supply increased 35 per cent to 3.10 million sq ft. The fresh supply of office space in Chennai jumped 320 per cent to 2.1 million sq ft, while the supply doubled in Mumbai to 1.80 million sq ft. However, Bengaluru, the biggest office market in India, witnessed a 6 per cent drop in new office supply to 3.40 million sq ft. In Hyderabad, too, the new supply fell 51 per cent to 2 million sq ft during July-September period of this calendar year. Interestingly, Kolkata, the seventh

IIBX eyes over $12 bn forex flow in FY26 from gold and silver contracts

India International Bullion Exchange eyes sharp growth in gold and silver contracts, boosting foreign exchange inflows through GIFT City

Tiger Global offloads entire 5.09% Ather Energy stake for ₹1,204 crore

Tiger Global has sold its entire 5.09% stake in Ather Energy for ₹1,204 crore, exiting months after the EV maker's IPO even as the company's valuation nearly doubled to ₹24,800 crore

Vanguard opens Global Value Center in Hyderabad, boosting tech innovation

Vanguard, one of the world's largest asset management companies, launched its Global Value Centre in Hyderabad, reinforcing the city's status as a global hub for financial innovation

The slow energy switch: IOC, BPCL, HPCL need faster ride to net-zero goals

Given their outsized contribution to air pollution & net-zero targets, state-run oil firms must accelerate cuts in greenhouse gas emissions. The country's hobbling renewable projects may delay plans

IBC vs PMLA: Resolution professionals hope for timely resolution

The IBBI circular allows resolution professionals to seek restitution of assets attached under PMLA, but experts say its success depends on timely court orders and clear legal backing

NCLAT declines to delete NCLT remarks on Gensol insolvency professional

The appellate tribunal upheld Gensol's insolvency admission but said remarks against insolvency professional Pulkit Gupta should not be treated as adverse findings on his conduct or integrity

Adani's Kutch Copper inks MoU with Caravel Minerals for Australia project

The partnership gives Kutch Copper access to up to 100% of output from Caravel's Western Australia project, strengthening India-Australia supply chains in critical minerals

NPPA fixes retail price of 28 drugs, ceiling price of six formulations

The National Pharmaceutical Pricing Authority has revised retail prices of 28 formulations and capped ceiling prices for six drugs under the National List of Essential Medicines