Page 7 - Industry News

Govt rolls out ₹4,531-crore market access support scheme for exporters

The government on Wednesday launched Rs 4,531 crore market access support for exporters under which financial support will be provided to participate in activities such as international fairs and exhibitions. It will help exporters at some time when they are facing a steep 50 per cent tariff by the US. The measure is a part of the Rs 25,060-crore export promotion mission. Under the Market Access Support, Rs 4,531 crore will be allocated over six years (2025-31) and Rs 500 crore has been earmarked for 2025-26. Director General of Foreign Trade Ajay Bhadoo said under the measure structured financial and institutional support will be provided for activities including Buyer-Seller Meets (BSMs), participation in international trade fairs and exhibitions, Mega Reverse Buyer-Seller Meets (RBSMs) organised in India. A forward-looking three-to-five-year calendar of major market access events will be prepared and approved in advance, enabling exporters and organising agencies to plan ...

Why India doesn't move against CO2's close cousin as methane tracking lags

India is the world's third-largest emitter of methane but lacks clear policy direction and mechanisms to track and mitigate the gas, which is far more potent than carbon dioxide in global warming

Public sector banks' staff count rises for first time in five years

RBI data show public sector banks added staff in FY25 for the first time in five years, while private banks' headcount fell, led by a sharp drop at ICICI Bank

NPCI authorised fewer new third-party UPI apps in 2025 after April outage

NPCI approved 13 third-party UPI apps in 2025, with five limited to closed user groups, as tighter due diligence and new safety controls followed an April system outage, sources said

Low base, safeguard duty to prop steel output this financial year

Exports are also expected to grow 28-30 per cent this fiscal due to better realisation opportunities in key markets, particularly the European Union

Quick gateway: Hotels see rise in last-minute bookings ahead of New Year

Hotels near metros are seeing a sharp late surge in New Year's Eve bookings and higher rates, while restaurants and delivery firms face disruptions amid a gig workers' strike

Luxury automakers Mercedes-Benz, BMW eye Indian real estate sector

According to multiple sources close to the development, Mercedes-Benz is already in talks with multiple developers in Gurugram for a luxury branded residence project

Rosatom supplies nuclear fuel for initial loading of Kudankulam Unit-3 core

Rosatom said its Nuclear Fuel Division supplied fuel for initial loading of the VVER-1000 core at Kudankulam NPP Unit-3 in Tamil Nadu under a lifetime supply contract

Delivery firms brace for gig workers' logout strike on December 31

Delivery and quick commerce platforms are tightening operations and safety measures ahead of December 31 as gig worker unions plan a nationwide log-out strike over pay, conditions and social security

MahaRERA recovers nearly ₹269 crore for homebuyers since 2017 inception

MahaRERA has recovered ₹268.87 crore as homebuyer compensation since May 2017, with Mumbai Suburban leading collections, while cases worth about ₹103 crore remain stalled at NCLT

Mid-segment set to anchor housing market in 2026 as premium cycle peaks

As premium and luxury housing shows signs of saturation, improving affordability and end-user demand are expected to push mid-segment homes to the forefront of residential growth in 2026

Fixing the fine print: What the IBC amendment is really trying to change

Focused on enforcement over fresh ideas, the IBC amendment Bill seeks to cut delays, curb conflicts of interest and bring greater certainty to insolvency resolutions

Parliamentary panel urges inter-ministry coordination on critical minerals

A parliamentary panel has stressed the need for seamless coordination among ministries to bolster the country's self-reliance in critical minerals like lithium, graphite, cobalt, and rare earth that are vital for a technology-driven future global economy. In its report, the Committee noted that the "Atmanirbhar Bharat" initiative, with its strong emphasis on self-reliance, holds immense potential to secure a sustainable supply chain of these minerals and enhance the country's industrial competitiveness. However, it cautioned that without effective coordination, these efforts may fall short. "The Committee...suggest that alongside the Ministry of Mines, which is leading these efforts, all ministries concerned, State governments and agencies should work in close alignment to ensure that the country remains competitive in the critical mineral sector," the Standing Committee on Coal, Mines and Steel has said in a report. The committee recommended that the mines ministry, which is ...

Production sprint: IIP growth hits two-year high of 6.7% in November

The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October

After muted start, GST cuts boost consumer durables demand in 2025

Cooling appliance makers had started the year with high hopes, but an early arrival of monsoon splashed away their enthusiasm

How energy flowed between hiccups and hope as solar stayed bright in 2025

Solar was a bright spot in a year marked by domestic challenges, like oil imports, and global concerns, such as climate change

Bank NPAs at multi-decade lows as gross NPA ratio falls to 2.1%: RBI data

RBI's Trends and Progress report shows banks' asset quality improved, with gross NPAs down to 2.1% by September 2025 and net NPAs at 0.5%, aided by recoveries and provisioning

$6 bn-plus foreign inflows make 2025 a watershed year for India's pvt banks

Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026

India's demand story is more broader than the old consumption binaries

India's consumption story spans mass and class markets alike, with demand spread across regions and incomes, calling for better tracking of household cash flows rather than outdated binaries

EV resale: Automakers launch buybacks, battery health checks to win buyers

Car OEMs are going beyond the initial purchase, institutionalising battery health checks and resale benchmarks to ease depreciation and battery-life concerns for EV buyers