Category : Industry


Nashik Onion Prices Surge Up to 40% on Demand Spike

Wholesale onion prices in Nashik district have risen 20-40% in 12 days due to demand-supply mismatch. Average rates at Lasalgaon and Pimpalgaon markets increased, but remain below production cost, causing farmer distress.

Eli Lilly Halves €2.3B German Plant Investment

Eli Lilly slashes its €2.3 billion investment in a German manufacturing plant by half, citing new healthcare legislation as a 'terrible signal'. The move reduces planned jobs from 1,000 to 500.

PM Modi Visits L&T Hazira Defence Plant on Friday

Prime Minister Modi will visit Larsen & Toubro's Hazira plant in Surat, a key defence manufacturing hub producing K-9 Vajra guns and Zorawar light tanks, boosting India's military self-reliance.

Indian Navy Inducts Five Indigenous Warships

The Indian Navy will induct five indigenously built warships this month, including stealth frigates and anti-submarine crafts, boosting maritime capabilities and fleet expansion.

UP Cabinet Amends Semiconductor Policy-2024

The Uttar Pradesh cabinet has approved amendments to the Semiconductor Policy-2024 to align with the India Semiconductor Mission, offering greater flexibility to investors and boosting domestic ecosystem.

Pump Prices to Rise Up to 10% From June 1

Pump prices may increase up to 10% from June 1 as manufacturers cite steep inflation in raw materials, logistics, and energy costs. Industry bodies urge GST cut to 5%.

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