Page 50 - Industry News

IBBI asks resolution professionals to file detailed 29A notes before CoC

IBBI has asked resolution professionals to place detailed Section 29A compliance notes before CoCs, stressing due diligence and transparency to reduce legal challenges in insolvency cases

Govt invites applications for quality audit as Coal Exchange takes shape

Coal ministry has issued an RFQ to empanel third-party agencies for sampling and quality audits for coal and lignite traded on the upcoming Coal Exchange, marking a key regulatory step in the rollout

Must target biotech sovereignty by 2047: Biocon's Kiran Mazumdar-Shaw

Kiran Mazumdar-Shaw urges India to achieve 'biotech sovereignty' by 2047, driven by a $330 bn bioeconomy, BioE3 framework, scale exports, a sovereign AI stack, and crucial R&D investment

Govt rescinds QCO on viscose staple fibre to ease raw material access

Economic Secretary Anuradha Thakur urges the Indian financial sector to embrace disintermediation but ensure credit reaches MSMEs for equitable, sustained 8% GDP growth

NPPA extends knee implant price ceiling by one year till November 2026

The NPPA has extended the knee implant price cap despite industry requests to remove or relax it, citing rising costs and innovation needs, as the regulator prioritises affordability for patients

MCA finalises cabinet note on Companies Amendment Bill, eyes winter session

MCA finalises cabinet note; Bill to streamline rules, permit multi-disciplinary firms and widen NFRA's powers

Promoter sell-downs cross the 1% mark at more companies, shows data

Trend strengthens for second straight quarter

India's medtech sector sets sights on tripling UK exports by 2030

A 7-member AIMED delegation explored regulatory alignment, market access and technology-sharing opportunities in the UK as India targets a sharp rise in medical device exports by 2030

India's sugar output rises 48% as more mills begin crushing: Industry body

India's sugar consumption is estimated at around 29 million tons, which could allow New Delhi to export 2 million to 2.5 million tons of sugar in the new season, the NFCSF said

South Eastern Coalfields launches Coal India's first paste filling project

This marks a significant step towards safe, eco-friendly underground mining practices. SECL has coal mines in Chhattisgarh and Madhya Pradesh

Finance Ministry's Chintan Shivir discusses use of AI in govt processes

At a two-day Chintan Shivir in Rajasthan, the finance ministry discussed AI adoption in government processes

Changing landscape: India's subpar, ageing malls set for overhaul

Developers converting older malls to mixed-use integrated districts, buoyed by investor interest

Moving India: So near yet so far for Gujarat's transport infrastructure

The fourth of a six-part series examines why daily commute in Ahmedabad, Gandhinagar, and GIFT City remains a challenge despite better bus and metro services, and new infrastructure

Ecom logistics sector seeks clarity on GST rules for delivery, GTA services

MSME-focused e-commerce platforms have warned that ambiguity over GST treatment of local delivery and GTA services is creating compliance risks, potential double taxation, and operational disruptions

DHL group to invest €1 billion across India units over five years

DHL Group plans to deploy EUR 1 billion in India over CY26-30, expanding warehouses, logistics hubs, automation, & green infrastructure as the country's fast-growing market boosts long-term confidence

Waiting for a reboot: Bengaluru's transport woes and the path to solutions

The third of a six-part series looks at Bengaluru's transport challenges and the way forward to resolve some of them

NaBFID raises ₹4,120 cr from long-term bond sale at coupon rates of 6.86%

The infra lender mobilised funds through 5- and 15-year bonds, marking continued investor interest in long-term infrastructure financing instruments

Govt may allow NFRA to split audit review and disciplinary functions

Currently, the NFRA executive body is entitled to discharge all functions and duties assigned to the authority as a whole

Govt issues framework to settle compensation for cancelled coal mines

The Ministry of Coal has finalised a valuation process for firms whose coal blocks were cancelled in 2014, marking a key step in resolving compensation claims for 62 mines across seven states

Sammaan Capital to buy back NCDs to strengthen liquidity, balance sheet

The company's ALCO has approved repurchasing NCDs maturing up to June 2026 at par value to reinforce its balance sheet and maintain prudent liquidity and asset-liability management