Page 47 - Industry News

Govt mandates import registration for key renewable energy components

The government on Friday made it mandatory for importers of certain products which are exclusively used for solar energy projects to register on the renewable energy equipment import monitoring system. These products include toughened (tempered) safety glass and photosensitive semiconductor devices, including photovoltaic cells. A similar condition will also apply for imports of certain items having end-use in the area of wind-operated electricity generation. It included towers, bearing housings, gears and gearing. The import policy conditions of these items will come into effect from November 1, the Directorate General of Foreign Trade said in a notification. It said this policy condition will apply to imports through air cargo, sea cargo and land route. In a separate notification, the DGFT said that import of Sulfadiazine API (Active Pharmaceutical Ingredient) having a CIF (cost, insurance, freight) value of less than Rs 1,774 per kg, is restricted till September 30, 2026, with

MSMEs contribute 40% to India's production, exports: Shobha Karandlaje

Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje on Friday said the MSME sector is contributing 40 per cent to the country's total production volume and exports. Speaking after inaugurating the MSME Marketing Summit organised by NSIC (National Small Industries Corporation Ltd) and KASSIA (Karnataka Small Scale Industries Association) here, the minister said that MSMEs have been addressing the needs of all sectors, including agriculture, food, defence, space, and artificial intelligence. "The role of industries in the country's development is significant, especially, MSMEs are making substantial contribution to the nation's growth," she said. In order to strengthen the sector, the government led by Prime Minister Narendra Modi started the Skill Training Division for the first time. It has been undertaking training programmes and schemes for women and youth to match the global skill standards, she was quoted as saying in an official statement. She als

Mahindra Lifespaces to redevelop four Malad societies, eyes ₹800 crore

The project spans 1.65 acres in Malad (West) and marks Mahindra Lifespaces' deeper push into Mumbai's booming redevelopment market

MG Cyberster drives JSW MG Motor India to second spot in luxury EV segment

Strong sales of the MG Cyberster and M9 Presidential Limousine push JSW MG Motor to the No.2 position in India's luxury EV space, with demand soaring across cities

SoftBank-backed Graphcore to invest £1 bn in India, open AI chip hub

The British AI chipmaker will open an engineering centre in Bengaluru and create 500 semiconductor jobs as part of a £1 billion investment plan over the next decade

India's digital stack a ray of hope for Global South: PM Narendra Modi

Modi said that the UK-India Fintech Corridor is expected to create opportunities for piloting and developing new startups

Karisma Kapoor's children seek status quo on late father's will assets

The Delhi High Court will resume hearing on October 13 as Karisma Kapoor's children challenge the authenticity of late Sunjay Kapur's will, alleging forgery

Tata Trusts trustees to meet on Friday amid govt push to resolve rift

The outcome of Friday's meeting will be closely watched, as Tata Trusts - which holds a 66 percent stake in Tata Sons - wields significant influence over the conglomerate's governance and strategy

Upcoming railway line will help Central India's economy: Chhattisgarh CM

Chhattisgarh government officials estimate the railway line will save 46 million litres of diesel annually and reduce logistics cost by around Rs 514 crore

IATO urges government to strengthen global promotion of India tourism

Tour operators seek tourism attaches, global campaigns, and a unified Incredible India strategy to revive foreign tourist arrivals and attract new markets

Best time to invest, innovate and make in India, says PM Modi at IMC 2025

At India Mobile Congress 2025, PM says India's 5G reach and indigenous 4G stack show the country's progress from telecom dependence to technological leadership

Nandan Nilekani says Finternet to go live in 2026 using AI, tokenisation

Infosys co-founder says India's next digital public infrastructure will unify tokenised assets such as land, property, and bonds under a regulatory framework

Cost of home-cooked non-veg thali hits seven-month high in September

Crisil's Roti Rice Rate report shows non-veg thali at ₹56 in September, up 10% month-on-month, while tomato-led softness eased veg thali cost to ₹28.1

GST revamp: Firms can raise grammage, and not cut prices, despite HC ruling

However, one of the officials said the judgment is based on the earlier anti-profiteering framework, which is not applicable under GST 2.0, rolled out on September 22

India's metro boom hits a fare wall: Who decides what commuters pay?

As India's metro network races past 1,000 km, questions over fare setting, cost recovery, and the absence of an independent regulator reveal cracks beneath the country's shiny urban transport dream

Uttar Pradesh govt shifts focus to smaller towns in industrial push

To bridge this gap, the UP State Industrial Development Authority (UPSIDA) has taken up the task for promoting an equitable industrial growth across the state

Companies flouting ID requirement rise in FY25: Excellence Enablers survey

Excellence Enablers survey finds 16 Nifty 100 companies flouting independent director rules in FY25, with PSUs and PSBs dominating non-compliance cases

Falling CASA ratio, lower household deposits may hit stability: CRISIL

CRISIL warns that declining household deposits and a falling CASA ratio could impact funding stability and raise costs for banks over the medium to long term

Govt asks agencies to scrap RE bids that flouted local manufacturing rule

MNRE asks agencies like SECI, NTPC and SJVNL to cancel tenders with short timelines that bypassed the ALMM mandate on locally manufactured solar cells

India's power output growth slows in September as industrial momentum eases

Power output rose 3.2% year-on-year but fell short of August's 4% growth, marking the first monthly drop in three months, according to daily analysis of Grid India data