Page 9 - Industry News

Industry body ISSDA seeks separate policy for stainless steel industry

Raw material securitisation would be one of the major components of the policy. The scope of the policy would also include aspects such as increasing demand and building capacities

3,000 MW electrolyser manufacturing capacity coming up in India, says govt

This assumes significance as India had launched the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore in January 2023

Agarwal Holdings buys Rs 455 cr land parcel from Shapoorji Pallonji Group

Land parcel is situated in Juhu, a prime Mumbai locality

Global airline industry to record net profit of $36.6 bn in 2025: IATA

IATA Director General Willie Walsh said India is witnessing significant growth and that there is a clear recognition that growth is also dependent on air connectivity

Equity mutual funds inflow drops 14% to Rs 35,943 crore in Nov: Amfi data

Overall, the mutual fund industry witnessed an inflow of Rs 60,295 crore in the month under review as compared to Rs 2.4 lakh crore in October

Rockwell Automation betting on turning India into manufacturing hub

The US-headquartered automation major has started work on a factory in Chennai that will get commissioned in two phases

Corporate India note strongest hiring outlook globally for Jan-Mar: Survey

The survey, which gathered data from more than 3,000 employers across various regions of India, revealed that 53 per cent of employers plan to hire

Govt mandates use of locally-made solar cells from 2026 to curb imports

The government plans to increase its non-fossil fuel capacity to 500 GW by 2030 from about 156 GW at present

Steel expansion could hinder net zero emission goal in India: GEM report

India's Prime Minister Narendra Modi has set 2070 as the target for achieving net zero emissions, two decades later than what scientists recommend to avoid catastrophic climate impacts

Rajasthan Summit: Vedanta, top industrialists announce major investments

Kumar Mangalam spoke of the history of BITS Pilani, which his family founded almost a century ago. The institution has given thousands of dynamic leaders and entrepreneurs to the world

Commerce department examining steel ministry request on safeguard duty

Safeguard duty is a temporary tariff barrier imposed by a country to protect its domestic industry from surge in imports

Uttar Pradesh govt plans to save nearly Rs 1 trillion with solar power

The 33,229 solar energy-based ground water schemes in UP are projected to save the state exchequer Rs 1 trillion during their lifecycle by cutting down on energy bills

Why antitrust body CCI has moved Supreme Court against Amazon, Flipkart

The CCI has moved the Supreme Court to expedite the resolution of 24 court cases pending against Amazon and Flipkart, asserting that they were intended to derail its probe

Mumbai's infrastructure revamp takes centre stage as new govt takes charge

BJP-led govt has pledged to develop a metro network of 1,000 km across different cities of state

Insurers urge IRDAI crackdown against OEM-linked motor insurance brokers

Insurance companies are demanding an open architecture where customers can choose policies from multiple insurers without being limited by OEM brokers

IT sector to witness 15-20% growth in job opportunities in 2025: Report

The IT industry has gained back momentum in H2 2024 and is gearing up for a promising 2025 on multiple fronts, said NLB Services

Pixxel raises $24 million, total Series B funding reaches $60 million

Funding will enable Pixxel to speed up the deployment of its Firefly constellation and other upcoming missions

Textiles giant Trident Group plans to invest Rs 3,000 cr in Madhya Pradesh

The Ludhiana-based vertically integrated textiles firm currently has operations involving sourcing cotton to produce finished goods in the state, it said in a regulatory filing

Mumbai leads in trend of tech roles rising among non-tech sectors: Study

Analysis highlighted that Mumbai recorded a 17 per cent growth in October 2024, making it a frontrunner among cities witnessing the expansion of tech roles into non-tech sectors

Startups positioning India for exponential economic growth: Zupee CEO Malhi

Speaking at the India Internet Governance Forum (IIGF) 2024, Malhi said startups are adding value to society's experiences and redefining how people experience education, healthcare