Page 32 - Industry News

Aakash shareholders clear share capital hike after NCLAT approval

The edtech firm said the capital hike and rights issue are essential to ensure Aakash's operational stability and protect Byju's investment through Think & Learn

Ola Electric moves HC to quash abetment case, terms suicide note false

Ola Electric CEO Bhavish Aggarwal and others seek dismissal of police case filed after an engineer's death; court extends interim relief and asks them to cooperate with probe

Govt removes green clearance for pilot projects on coal gasification

The government on Wednesday said the Ministry of Environment, Forest and Climate Change (MoEFCC) has agreed to do away with the green clearance for pilot projects for underground coal gasification. The development assumes significance as government targets to gasify 100 million tonnes of coal by 2030. "Any underground coal gasification (UCG) project before it actually takes off means to have a pilot study done. Since it's a new technology or it will be done for the first time in the country, a pilot phase is necessary. "It is part of the framework and for that pilot phase MoEFCC has kind of agreed to not have an EC (environment clearance) for the pilot phase only," Coal Secretary Vikram Dev Dutt told reporters on the sidelines of the launch of the 14th round of commercial coal mine auctions. He further said of the 41 coal blocks that are being put out for sale, 21 are suitable for UCG because generally they are deep seated and are uneconomical to extract. UCG gasifies deep, unmine

Brigade Group Q2FY26 results: Net profit rises 48%, revenue up 26%

Brigade Group posts strong quarterly results with higher sales, leasing growth, and rising hospitality income; net profit jumps to Rs 170 crore in Q2FY26

Half of urban Indians now prioritise early retirement planning: Study

India's retirement readiness improves with the IRIS Index rising to 48; health and financial awareness up but emotional well-being remains a concern, says Axis Max Life

DoT sets March 2026 deadline for pan-India rollout of CNAP service

The DoT directs telcos to launch Caller Name Presentation (CNAP) across India by March 2026, with pilots underway and Trai's support for a default opt-out model

Smartphone exports hit a new record of $1.8 billion in September

In fact, September this year saw a jump not just over the same month last year but across last three years when India averaged approximately $900 million each year in the month since 2022-23 (FY23)

Q2 biz confidence drops on US tariff; 1st fall after 3 qtrs of improvement

Micro, small, and medium enterprises (MSMEs) showed stable confidence, with their BCI inching up marginally from 137.1 to 138.2

Domestic demand, GST cut to drive 8-10% growth for fleet firms: Crisil

Fleet operators' revenues to rise 8-10% in FY26 on strong domestic demand, infrastructure push, and GST cut, even as higher truck costs lift expenses

Zarin Daruwala appointed group CEO of PL Capital, effective October 13

Daruwala, who brings more than 35 years of experience in banking and financial services, will steer the broking firm's next phase of expansion across institutional equities

Shriram Properties signs ₹600 crore agreement for row housing in Bengaluru

The Bengaluru-based developer to launch a premium row housing project in Yelahanka by FY27, part of its expanding portfolio of design-led sustainable homes

A third of decade-old tax cases in High Courts haven't had a single hearing

The government has signalled its intent on reducing tax litigation in steps. A two-part series examines the state of tax litigation. The first part looks at tax cases pending for over 10 years

A month after GST rationalisation, affordability boosts insurance sales

Insurers pass on the full tax benefit to customers, but withdrawal of input tax credit is pushing them to trim commissions, rework product mix and absorb higher costs

After a dream run, Zoho-run Arattai loses traction on app stores in India

Zoho's messaging app loses momentum after a strong patriotic push, while AI-powered Perplexity sustains top rankings across Google Play and challenges ChatGPT in India

As Delhi-NCR grapples with rising pollution, air purifier sales spike

Electronics retailers report a sharp rise in footfalls and bulk buying as consumers rush to brands like Philips, Dyson and Eureka Forbes amid worsening air quality

FPCE urges RERA law changes, seeks rules to verify promoters' record

Homebuyers' body FPCE has demanded that real estate law 'RERA' should be amended to incorporate a mechanism for verifying the track record of builders before granting permission to launch projects for sale. It also sought a new provision in the legislation to ensure compensation to homebuyers if builders fail to meet their promise of providing certain facilities and amenities. The association has also demanded a uniform rule for refund of money in case of cancellation of units by property buyers. Forum For People's Collective Efforts (FPCE) President Abhay Upadhyay has written a letter to Union Minister of Housing and Urban Affairs Manohar Lal, seeking amendments in the Real Estate (Regulation and Development) Act, 2016 (RERA) to give more teeth to regulators for protecting the interest of consumers. Through his letter, Upadhyay, who is also a member of Central Advisory Council, RERA formed by the ministry, has tried to highlight certain critical gaps in the RERA Act, causing ...

Govt not asking creators to restrict AI content, but to label it: Meity

The government is not seeking to control or restrict online content but rather to ensure transparency by requiring creators to label AI-generated content so that audiences can make informed choices, Electronics and IT Secretary S Krishnan said on Thursday. The government proposed changes to IT rules on Wednesday, mandating the clear labelling of AI-generated content and increasing the accountability of large platforms, such as Facebook and YouTube, for verifying and flagging synthetic information to curb user harm from deepfakes and misinformation. "All that we are asking for is to label the contentYou must put in a label which indicates whether a particular piece of content has been generated synthetically or not. We are not saying don't put it up, or don't do this and that. Whatever you're creating, it's fine. You just say it is synthetically generated. So that once it says it's synthetically generated, then people can make up their minds as to whether it is good, bad, or whatever,

India's B2C ecom startups raise $1.3 bn in 2025 so far, Bengaluru leads

A new report shows rapid growth in India's B2C e-commerce space, though investment continues to cluster in urban hubs.

SOPA urges govt to block GM soybean meal imports to protect farmers

Soybean Processors Association (SOPA) on Thursday urged the commerce ministry to reject any proposal to allow imports of genetically modified soybean meal from the United States, saying the country has sufficient domestic supplies and such a move would hurt farmers. In a letter to Commerce Secretary Rajesh Agrawal, the industry body said India currently holds more than adequate stocks of soybean meal to meet entire domestic demand for the marketing year 2025-26 running from October to September. "Permitting GM Soybean Meal imports at this juncture will have devastating consequences for India's agricultural sector," the association said in the letter. The association warned that allowing such imports would severely harm Indian soybean farmers already grappling with prices below the government's minimum support price, and further depress market rates due to oversupply. It also said the move would threaten the viability of India's domestic soybean processing industry and undermine the

Over 40 GW of RE projects in process of signing power purchase pacts

With over 40 gigawatt of renewable energy projects being in advanced stages of signing power purchase pacts, India's non-fossil fuel based power generation capacity is soon to reach 300 GW, an official statement said on Wednesday. As on September 30, India's non-fossil fuel based capacity stood at 256 GW including 50 GW of large hydro and 8.78 GW nuclear power. According to the statement, more than 40 gigawatt of renewable energy projects are in advanced stages of signing power purchase agreements, power sale agreement and securing transmission connectivity. The additional projects will take the country's total non-fossil fuel based electricity generation capacity to around 300 GW, adding to the goal of having 500 gigawatt (GW) of renewable capacity by 2030, it said. An official source had earlier said that the execution of around 40 GW of already awarded renewable energy projects has been stalled in the absence of power purchase agreements (PSAs). "India's renewable growth remain