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Industry India NEWS. Stock Market NEWS Updated Daily

Industry India NEWS. Stock Market NEWS Updated Daily

This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.

Industry India NEWS. Stock Market NEWS Updated Daily

India steel industry in trouble because of cheap imports; capacity utilisation at 4-year low: ICRA

India's steel industry's capacity utilization is projected to fall below 80% in 2024-25 due to rising cheap imports, impacting domestic producers' market share. this decline follows three years of high utilization, robust investments, and manageable debt l
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Reliance, Rosneft agree on biggest ever India-Russia oil supply deal

Russia's rosneft has agreed to supply 500,000 barrels per day of crude to india's reliance for 10 years in a deal worth approximately billion annually. this agreement, which accounts for 0.5% of global supply, strengthens energy ties between india and
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Adani Green Energy's arm commissions 250 MW solar project

Adani green energy twenty five ltd, a step-down subsidiary of adani green energy ltd (agel) has commissioned a 250 mw solar power project at badi sid, in jodhpur, rajasthan, according to the filing.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

​​Why standard motor insurance isn’t enough for EVs

Electric vehicle (ev) insurance add-ons are crucial for comprehensive coverage. zero depreciation, roadside assistance, and return to invoice cover protect against high repair costs and total loss. battery protection safeguards the expensive ev battery,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

SC to hear CCI plea seeking transfer of Amazon, Flipkart cases to apex court or Delhi HC

The competition commission of india (cci) has urged the supreme court to transfer 24 writ petitions related to alleged anti-competitive practices by amazon and flipkart to a single high court, preferably delhi high court, to expedite hearings and avoid con
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

NLC India's first supercritical power plant starts commercial operation

Nlc india ltd (nlcil) announced that its first supercritical thermal power plant, the 1,980 mw ghatampur thermal power plant (gtpp) in uttar pradesh, has begun commercial operations. the first 660 mw unit completed its trial operation on december 7, 2024,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

IHCL MD and CEO Puneet Chhatwal re-elected as chairman of FAITH

Puneet chhatwal, md and ceo of ihcl, has been re-elected as chairman of faith for the 2024-2026 term. ajeet bajaj and ajay prakash will serve as vice chairmen, rajiv mehra as general secretary, and kanwarjit singh sawhney as treasurer. the elected offici
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

‘Mitali Express’ stuck in Bangladesh brought back to Jalpaiguri amid ongoing crisis

Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Airports may hike capex to Rs 60,000 crore in 3 years

Indian airports are projected to increase capital expenditure to ₹60,000 crore over the next three fiscal years to accommodate a surge in passenger traffic. revenue is expected to grow by 17% annually, driven by increased passenger flow, higher tariffs,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

India now an anchor market, says PepsiCo

Pepsico bets big on india for future growth. the company is restructuring its international beverages business. india is one of 13 key markets for pepsico. the snack and beverage giant faces competition in india. pepsico's india operations reported dou
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Premji-Ranjan Pai family offices to board Akasa with big stake buy

Akasa air is securing a 0-140 mn investment from a consortium led by premji invest and claypond capital. the jhunjhunwala family is also reinvesting, maintaining their majority stake. the funds will support akasa's expansion plans and aircraft pre-deli
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Malls feel the chill as brands start winter sale early

Mall operators are urging retailers to postpone their end-of-season sales to january. several retailers began discounting early due to concerns about unsold winter inventory and a shorter shopping season. this early start impacts mall revenues as they op
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Onus must be on banks to fund green energy projects: Renewable energy secretary Prashant Kumar Singh

Renewable energy secretary prashant kumar singh advocated for a green energy financing obligation on banks, highlighting their limited funding of renewable energy projects compared to nbfcs. he emphasized the need for a ₹30 lakh crore investment in the s
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

US to hike tariffs on imports of Chinese clean energy products

The notice from the us trade representative's office said tariffs on chinese-made solar wafers and polysilicon will rise to 50% from 25% and duties on certain tungsten products will increase from zero to 25%, effective on jan. 1, following a review of chin
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Govt gives LoAs to 4 entities to avail incentives for coal gasification projects

The indian government awarded four entities over rs 4,150 crore in incentives for coal gasification projects. these projects, spearheaded by cil-bhel, cil-gail, coal india, and new era cleantech, will produce ammonium nitrate, synthetic natural gas, and e
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

FinMin asks banks to closely monitor cases in NCLT, NARCL to minimise procedural delays

The finance ministry urged banks to expedite bad loan resolutions through narcl and nclt by minimizing delays. an integrated portal is being developed for seamless information flow on nclt cases. narcl has acquired 22 accounts worth ₹95,711 crore and ind
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Rajiv Bajaj’s Rishabh Family Trust buys bungalow, land in Pune for Rs 72 crore

The rishabh family trust, linked to bajaj auto md rajiv bajaj, recently purchased a sprawling 1.15-acre estate in pune's koregaon park for rs 72 crore. the property features a large bungalow and outhouse, reflecting a growing trend of high-end property in
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

JK Tyre to get 30 mn euros long term loan from German entity

Jk tyre & industries secured a €30 million loan from germany's deg to expand its passenger car radial tyre facility in madhya pradesh. the €114 million project will boost the company's market presence and sustainability efforts, including using bi
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Irdai wants insurers to diversify policy distribution channels: Official

The insurance regulatory and development authority of india (irdai) is urging insurers to diversify their distribution channels, reducing reliance on parent banks. some insurers sell over 75% of policies through their parent banks. while recognizing the
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Centre sanctions over 2,800 CISF troops for new airports in Navi Mumbai, Noida

The indian government has deployed over 2,800 cisf personnel to secure the upcoming noida and navi mumbai international airports. navi mumbai airport will receive 1,840 personnel, while noida airport will get 1,030. this initial deployment is for the firs
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Bajaj Finance's five year plan has a deep AI focus

Bajaj finance, a leading indian consumer financier, is implementing a five-year ai integration plan. this aims to boost customer engagement, revenue and productivity while cutting costs. the company projects a significant increase in customer base and mar
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

GNPA of PSBs declines to 3.12 pc in Sep from peak of 14.58 pc in Mar 2018: FinMin

Indian public sector banks' gross non-performing assets fell to a 10-year low of 3.12% by september 2024, aided by government reforms. profitability soared, with record net profits and increased dividend payouts. financial inclusion deepened with a surge
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Bengaluru: BBMP to issue bulk new e-khatas to developers for new properties for ease of flat registration

The bruhat bengaluru mahanagara palike (bbmp) will soon issue e-khatas directly to developers for all units in new apartment and commercial buildings. this streamlines the process, eliminating the need for individual buyers to apply separately. the bbmp ha
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Discoms outstanding dues decline 82 pc in over 2 years to Rs 24k cr

Power distribution companies' legacy dues have drastically decreased by 82% to ₹24,684 crore since june 2022. thirteen states initially reported ₹1,39,947 crore in arrears, which were restructured into emis. discoms have paid ₹1,15,263 crore, and t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Steel Ministry proposes 37% purchase preference to green steel in government tenders

India's steel ministry has proposed a green steel procurement policy, mandating up to 37% of government purchases to be low-carbon steel. a star-rating system will assess emissions, with five stars for the lowest. the ministry also announced a definition
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Govt defines green steel, sets emission standard to give star rating on products

India's government defined green steel as having co2 emissions below 2.2 tonnes per tonne of finished product. a star-rating system will categorize green steel based on emission levels, with a 5-star rating for emissions below 1.6 tonnes. the framework aim
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Coca-Cola to sell 40% in HCCB to Jubilant Bhartia, paving way for potential local listing of bottling arm

Coca-cola is selling a 40% stake in its indian bottling arm, hindustan coca-cola beverages (hccb), to jubilant bhartia group for .47 billion. this marks coca-cola's largest deal in india and could lead to hccb's local listing. jubilant bhartia, known fo
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Lok Sabha passes Railways (Amendment) Bill

Parliament approved changes to railway laws. the railway board's structure is now part of the 1989 railways act. the minister assured the public about the railways. he confirmed no privatization plans. the railways will remain under government control.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Puri greenfield airport plan hits green hurdle; panel defers nod

The central government's forest advisory committee has again delayed the odisha government's proposed puri greenfield airport project. concerns exist regarding the airport's proximity to endangered olive ridley turtle nesting sites, irrawaddy dolphin habit
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

CEA: Need to distinguish norms between financial & non-financial sectors

Chief economic advisor v anantha nageswaran emphasized the need for distinct regulations for financial and non-financial sectors. he argued that excessive financial sector competition can create instability, citing the 2008 crisis. nageswaran urged regul
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-12

Packaging major Krones signs up to invest in Kolar

Krones ag, a german company, will establish a manufacturing facility in karnataka. the unit will be located in kolar district's vemagal industrial park. karnataka's pro-business environment attracted the company. the state government also discussed sett
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Acme Solar Holdings secures 250 MW renewable energy project in NHPC auction

Acme solar holdings secured a 250 mw renewable energy project. nhpc conducted the auction. acme's total capacity reached 6,970 mw. the project can expand to 500 mw. it will use solar, wind, and battery technologies. the project aims for commercial oper
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Cipla gets CDSCO nod to launch inhalation insulin

Cipla received approval from cdsco to distribute and market afrezza, an inhalable insulin, in india. developed by mannkind, afrezza offers a non-injectable alternative for adults with type 1 and type 2 diabetes. it begins working within 12 minutes, mimic
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT

The national company law tribunal (nclt) in mumbai has approved reliance strategic business ventures limited's rs 202 crore resolution plan for karkinos healthcare pvt. ltd. (khpl), which was undergoing insolvency proceedings. the plan, approved on decembe
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Tax on automobiles must be tech agnostic, focus on reducing fossil fuel use, decarbonisation: Toyota Kirloskar Motor

Toyota kirloskar motor's executive vp vikram gulati advocates for tax incentives for hybrid vehicles, emphasizing that taxation should align with national goals such as reducing fossil fuel consumption, decarbonization, and promoting "make in india."
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Pernod sacks six in Rajasthan after internal probe on payment malpractices, sources say

Pernod ricard, the french liquor giant, fired at least six employees in india's rajasthan state after an internal investigation into alleged discount malpractices. triggered by a whistleblower complaint, the probe revealed employees misused funds meant fo
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

IATA chief optimistic about India providing more bilateral flying rights

Iata chief willie walsh believes india will expand bilateral flying rights as indian carriers increase their wide-body aircraft fleet. this move is crucial for india's ambition to become a global aviation hub, enabling direct international connectivity.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Lok Sabha passes Railways (Amendment) Bill, 2024

The lok sabha passed the railways (amendment) bill, 2024, granting statutory powers to the railway board and enabling the government to determine its composition. the amendment also facilitates the operation and expansion of superfast trains via thawe junc
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

MLMM partners with Vidyut to launch battery-as-a-service financing for EVs

Mahindra last mile mobility (mlmml) and vidyut have announced a new collaboration to introduce battery-as-a-service (baas) financing for evs. this innovative solution is aimed at reducing the upfront cost of electric vehicles, including mahindra's zeo (4w)
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

India to triple atomic power capacity by 2031

India's atomic power capacity has doubled in the last decade, reaching 8,081 megawatts, and is projected to triple to 22,480 megawatts by 2031. minister jitendra singh attributed this growth to supportive political leadership. he highlighted revised powe
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Mini Bengalurus: Why govt wants tech hubs in Tier II, III towns

Bengaluru's growth as a tech hub is creating opportunities in smaller indian cities. global capability centers are expanding to new locations. these cities offer lower costs and skilled workers. companies seek to reduce expenses and access talent. this
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Bengal: Rail blockade withdrawn after 5 hours; 2 trains cancelled, several diverted

Train services in west bengal were disrupted. a rail blockade was held at jorai station. the greater coochbehar people's association demanded a separate state. two trains were cancelled. several other trains were diverted. the blockade lasted for five
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Kalyani Family Dispute: Sugandha Hiremath challenges late mother's wills in court

Sugandha hiremath, sister of bharat forge chairman baba kalyani, has challenged her late mother's wills in court. she alleges coercion and undue influence by her brothers, baba and gaurishankar kalyani, who are primary beneficiaries. the disputed estate i
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

OYO opening new hotel in Rajasthan every 2-3 days; to set up back office for overseas biz: CEO Ritesh Agarwal

Oyo is rapidly expanding in rajasthan, adding a new hotel every few days and establishing a back office to support its international operations. the company's ceo, ritesh agarwal, anticipates a record-breaking winter tourism season, citing post-pandemic t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

INOXGFL Group forays into solar manufacturing

Inoxgfl group launched inox solar, targeting 5 gw module and 2.5 gw cell production by 2026 with a rs 1,500 crore investment. the first 1.2 gw gujarat unit, producing topcon modules, is slated for a march 2025 opening. this venture integrates the group's
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Maruti Suzuki eyes 8,000 overall service touchpoints by 2030-31

Maruti suzuki india plans to expand its service network from 5,240 to 8,000 touchpoints by 2030-31. this expansion aims to enhance customer experience and support increased production and sales. the company recently opened its 500th nexa premium service
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

SC seeks response from Reliance Infra arm and Axis Bank MD over non-refund of Rs 4,500 cr to DMRC

The supreme court on wednesday sought a response from delhi airport metro express pvt ltd (damepl), its managing director, axis bank's managing director, and others regarding why contempt proceedings should not be initiated for failing to refund over rs 4,
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Scindia meets satcom players to draw iup a plan to boost local space sector

India aims to become a hub for space communications. the government met with industry leaders to discuss developing the local space sector. they explored manufacturing satellites and launch services within india. this initiative promotes self-sufficiency
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

CarDekho SEA raises million from Navis Capital, Dragon Fund

Cardekho's south asia unit secured million in funding, led by navis capital partners and dragon fund. the investment will bolster its used vehicle financing operations in indonesia and the philippines, aiming to expand its market share and reach. the
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Parliamentary Panel to discuss OTT content with industry bodies

The parliamentary standing committee on communications and information technology will discuss the "emergence of ott platforms and related issues" on december 20. concerns over obscenity, vulgarity, and inaccurate portrayals in ott content have prompted t
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Adani Ports drops 3 million US loan for Sri Lanka terminal, opts for internal funding

Adani ports and special economic zone (apsez) has withdrawn its 3 million loan request from the us development finance corporation for the colombo port project. apsez will instead fund the project with internal resources. the project is progressing wel
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Govt prescribes faster access to medicines for rare diseases

India is streamlining access to rare disease drugs by waiving local clinical trials for some medications. the drug regulator is expediting approvals, facilitating imports, and prioritizing testing to ensure faster availability for patients. this includes
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Ex-JP Morgan India CEO on Standard Chartered list for top job

Standard chartered bank has shortlisted three candidates to replace zarin daruwala as ceo for india and south asia. former jp morgan india ceo pd singh is reportedly the frontrunner, alongside hdfc bank's rahul shukla and standard chartered's own venugopa
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Trai issues 'definition' of overseas SMS traffic

Trai's introduction of the definition of international smses under the unified licence has put an end to a decade long debate between telecom operators and multinational corporations (mncs). until now, mncs were processing international transactions from s
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

OPEC makes deepest cut yet to world demand forecast

The organization of petroleum exporting countries chopped projections for consumption growth in 2024 by 210,000 barrels a day to 1.6 million barrels a day, according to its monthly report. the cartel has slashed projections by 27% since july as it belatedl
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Warburg Pincus to inject Rs 1200 crore in Shriram Housing Finance, more than its earlier plan

Warburg pincus is investing rs 1,200 crore in shriram housing finance, exceeding its initial commitment by 20%. this follows warburg pincus's rs 4,630 crore acquisition of the lender, marking the largest housing finance sector m&a deal. the added capi
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

India faces shortage of quality offices amid robust leasing

India faces a 20 million sq ft shortage of grade a+ office space annually as demand surpasses supply. strong leasing activity, exceeding 70 million sq ft for the third consecutive year, highlights this gap. developers are racing to build more premium spa
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

IOC GIFT city unit funds deals of over 250 million dollars

Indian oil corporation's gift city unit has financed over 0 million for its group companies in a year, optimizing borrowing costs. the unit refinances loans, provides credit lines, and facilitates inter-group lending. it aims to reach billion in deal
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Four key shareholders of ReNew energy offer buyout to facilitate Nasdaq delisting

A consortium of renew energy global plc's major shareholders, including its founder, has proposed to acquire the remaining 28.3% stake, valuing the company at around .7 billion. this move aims to delist the green energy firm from nasdaq, where its share
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

Rs 4.5 crore refund to DMRC: Supreme Court issues notices to Reliance Infra Co, Axis Bank

The supreme court demands a response from reliance infrastructure's damepl and axis bank regarding potential contempt proceedings. dmrc accuses them of defying an order to refund over ₹4,500 crore after an arbitration award was overturned. damepl claims
Tag: Industry India    Source: indiatimes.com   Dated: 2024-12-11

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