Page 35 - Industry News

Electric vehicle sales top 2 million in the first 11 months of 2025

PVs grow 77.5% while 2Ws post 9.85% growth

ICSI flags IndiGo lapses, urges stronger corporate governance norms

Company secretaries' apex body ICSI on Tuesday cited the governance lapses at the country's largest airline IndiGo and called for stronger governance practices to ensure proactive risk identification, timely intervention and transparent communication. The Institute of Company Secretaries of India (ICSI) has more than 78,000 members. In a statement, the institute flagged the "recent governance lapse highlighted by the IndiGo incident". ICSI President Dhananjay Shukla said the IndiGo incident serves as a reminder for corporates and professionals to ensure sound governance frameworks that can create as well as preserve shareholder value along with public trust. It is not often that ICSI publicly mentions governance issues at a company. IndiGo has been facing significant operational disruptions for the last one week, resulting in hundreds of flight cancellations and delays. The situation is stabilising now. Lack of proper planning in implementing the new flight duty norms is one of t

With 2 airlines in command, market concentration in aviation skyrockets

The Herfindahl-Hirschman Index (HHI) in the sector is up by 1800 points in the last decade to record high of 4500 in FY25

Northeast Railway deploys special trains after IndiGo cancellations

The Northeast Frontier Railway (NFR) will be running special trains to clear passenger rush in view of flight disruptions, its chief spokesperson said on Sunday. NFR CPRO Kapinjal Kishore Sharma said extra coaches of various classes have also been attached to different trains. "The NFR has taken these initiatives in view of IndiGo flight cancellations," he said. Two special trains -- one each from Dibrugarh to New Delhi, and Guwahati to Howrah -- would run on Monday, the CPRO said. "Further, 20 coaches will be attached to 18 different trains to help clear the rush of passengers. These trains are running on different sectors," he added. IndiGo, the country's largest airline, has cancelled thousands of flights over the last few days as it grappled with significant operational disruptions mainly due to crew shortage.

Domestic defence production hits ₹1.51 trillion, says Rajnath Singh

Defence Minister Rajnath Singh on Sunday said India is witnessing a paradigm shift in defence manufacturing, from being an import-dependent nation to an emerging producer-exporter. He said the country once lacked a robust system to manufacture arms and equipment domestically, but sustained efforts over the last decade have reversed that situation. "Due to our hard work in the last 10 years, our defence production, which was approximately Rs 46,000 crore in 2014, has now grown to a record Rs 1.51 lakh crore. Our defence exports, which were less than Rs 1,000 crore 10 years ago, have now reached nearly Rs 24,000 crore," Singh said after inaugurating 125 strategically significant infrastructure projects of Border Roads Organisation (BRO) here. Spread across the Union Territories of Ladakh and Jammu and Kashmir, and seven states including Arunachal Pradesh, Sikkim, Himachal Pradesh, Uttarakhand, Rajasthan, West Bengal and Mizoram, these projects -- 28 roads, 93 bridges and four ...

UP's $1 trillion target gathers steam as state revives transformation panel

State government has operationalised the UP State Transformation Commission and tasked it with the job of catalysing growth

Health care sector welcomes Bill that taxes pan masala production

Industry says earmarking funds for public health at par with national security will help channel revenue for public health infra

No new coal power capacity beyond 2035, says power ministry secretary

India this year proposed increasing its coal power capacity by 46% from the current 210 GW while doubling its non-fossil fuel capacity of 500 GW by 2030

India cautions lenders on financing new solar module units amid oversupply

Several Indian companies have expanded solar module capacity over the past three years, targeting exports to the United States

India firms, Uralchem sign deal for 1.8-2 mn tonnes urea plant in Russia

Russia's share in India's total fertiliser imports has grown from a mere 7.68 per cent in 2017-18 to almost 27 per cent in 2023-24, making it a significant player in India's fertiliser story

LS clears bill to impose cess on pan masala units for health, security

The Lok Sabha on Friday passed a bill to levy a cess on manufacturing units of pan masala, and utilise the fund for strengthening national security and improving public health. Replying to the debate on the Health Security se National Security Cess Bill, 2025, Finance Minister Nirmala Sitharaman said the cess will be shared with the states, as public health is a state subject. The bill was later passed by voice vote by the Lok Sabha. The bill seeks to augment the resources for meeting expenditure on national security and for public health by levying a cess on the machines installed or other processes undertaken to manufacture pan masala and similar goods. The purpose of the bill is to create a "dedicated and predictable resource stream" for two domains of national importance -- health and national security, she said. Sitharaman said pan masala will be taxed at the maximum 40 per cent rate under Goods and Services Tax (GST) based on its consumption, and there will be no impact of t

RBI's revised norms empower cooperative banks with greater autonomy

RBI's final business authorisation norms expand operational autonomy for co-op banks while strengthening oversight, introducing a four-tier framework for the diverse UCB sector

Weak rupee may raise fertiliser import, production costs and subsidy load

A sliding rupee could make both fertiliser imports and domestic production costlier, pushing the subsidy bill higher as urea and DAP prices remain fixed for farmers

Consumer durable firms set to hike product prices as rupee slides

Consumer electronics firms expect to raise prices by up to 10% as the rupee weakens and input costs rise, while food companies watch the currency closely before adjusting prices

Enhancing margins: Weak rupee a silver lining for IT services companies

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

BAT to sell up to 15.3% stake in ITC Hotels via block trade process

BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026

India's nuclear power generation capacity to reach 21,880 MW by 2032: Govt

India's nuclear capacity will expand sharply to 21,880 MW by 2032 as ongoing and planned PHWR projects come online, with BARC also developing next-generation Small Modular Reactors

Tsugami launches ₹300 cr Chennai plant, boosting precision engineering

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

Retail sector pushes for 'one nation, one retail' policy, simpler norms

Retailers at IndiaEdge 2025 urged a unified national retail policy, single-window digital clearances and fewer overlapping licences to ease compliance and support sectoral growth

Centre releases ₹37,000 cr under RDSS to boost power distribution

The Centre has released Rs 37,000 crore under RDSS-38% of sanctioned support-with fund disbursal tied to DISCOMs meeting milestones and state-specific action plans