Industry News

Andhra Pradesh's ₹27,370 crore power transmission project gets Centre nod

The Rs 27,370 crore project under GEC-III will add 7,872 circuit km of transmission lines and 9,500 MVA of substation capacity, with the first phase expected by FY30

Coal supply crunch deepens as 98 power plants face critical stock levels

Coal stocks at 98 power plants are sufficient for just 6.3 days of operations, raising concerns over supply reliability as electricity demand surges and inventories remain low

Govt extends deadlines for cos to file annual financial statements, returns

The extension of deadlines follow representations from stakeholders as they were facing issues in submitting the annual statutory filings through the MCA 21 portal

Rising demand, lower price than competitors to boost rice exports: IREF

Indian Rice Exporters Federation (IREF) Vice President Dev Gard said the price of Indian rice is at least 10 per cent cheaper than competitors

India must boost solar manufacturing amid China export curbs: Solex chief

According to Chetan Shah, Chairman and Managing Director of Solex Energy, China controls an estimated 75-90 per cent of the global solar supply chain

Godrej Properties eyes record ₹41,500 crore sales bookings on strong demand

Chairperson Pirojsha Godrej expects sales bookings to rise 22% this fiscal, exceeding the ₹39,000 crore guidance, with major launches planned in Mumbai, Gurugram, Thane and Noida in the second half

Govt to fund up to 50% deepwater well costs, recover aid from winners

That recovery clause, set out in newly issued operational guidelines, is the scheme's central bargain: the government carries early geological risk and keeps a claim on any upside

Isro plans four functional launch pads by 2029, says chairman Narayanan

Isro will expand launch infrastructure and partner with private firms to meet rising satellite demand, while developing a dedicated 2,000-acre SSLV complex in Kulasekarapattinam, Tamil Nadu

NMDC scouts for mining assets across four continents to diversify portfolio

NMDC, which caters to India's one-fourth iron ore demand, has set a goal to earn at least 20 per cent of revenues from sale of minerals other than the key steel making raw material

FICCI seeks greater Dutch investment in India's mfg, tech sectors

It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries

India's Scotch probe of Diageo, Pernod undermines UK pact benefits: ISWAI

The liquor industry group representing Diageo and Pernod Ricard said that India's move to exclude bulk Scotch imports from the reduced tariff contradicts the trade pact

Swelect Energy plans ₹4,500 cr investment, eyes ingot-wafer manufacturing

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

BPCL Q2 net profit falls 21.5% to ₹4,863 crore on weak marketing margins

BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%

Property registrations in Mumbai fall 25% during Navratri: Report

Mumbai recorded 4,680 property registrations during Navratri 2026, down from 6,238 a year ago, while registration revenue declined 15 per cent to ₹499 crore, Knight Frank said

Centre forms 3-member panel to review pharma marketing code, enforcement

The three-member committee will assess the effectiveness of the UCPMP, examine enforcement mechanisms and recommend measures to curb unethical pharmaceutical marketing practices

Madhya Pradesh gets ₹5,800 crore in semiconductor investment proposals

Madhya Pradesh received investment proposals worth ₹5,800 crore in semiconductor and technology sectors at an Indore summit, with potential to generate more than 10,000 jobs.

Business confidence rebounds in Q2 FY27 after four quarters: NCAER

NCAER's Business Confidence Index rose to 107.8 in Q2 FY27 from 99.8 in the previous quarter, driven by improved demand expectations, though hiring plans remained muted.

Domestic medtech industry backs DGHS ban on reuse of single-use devices

AIMED calls for stricter inspections, traceable disposal records and clear liability rules to protect patient safety

GLP-1 boom in India, China, Brazil can create $22 bn market: JP Morgan

The addressable ​market could grow at an annual rate of 15% through 2035, JP Morgan ‌analysts led by Yang Huang said in a note on Friday, given the countries' large diabetes and obesity burdens

Dr Reddy's launches new generic Ozempic brands amid Obeda supply disruption

Obeda Pro and ​Obeda Plus are made by a different manufacturer than the original Obeda injectable, supplies of which were ‌halted in July after Dr Reddy's discovered an impurity in active ingredients