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%.
Category : Industry
Thane Industrialists Face Eviction Over Cluster Redevelopment
Small-scale industrialists in Thane's Wagle estate received 48-hour eviction notices from the municipal corporation for cluster redevelopment, risking 350 jobs and 1,400 dependents.
Coal Gasification Saves Rs 28,000 Crore in Forex, Phase 2 Planned
Coal gasification has saved Rs 28,000 crore in foreign exchange. The government prepares to launch the second phase with Rs 37,500 crore outlay, targeting 75 MT coal gasification by 2030.
US Stocks Dip on Oil Price Rise, Iran Tensions
US stocks edged lower on Wednesday as rising oil prices and Middle East tensions weighed, but markets remained near record highs on strong earnings and hopes for a Strait of Hormuz reopening.
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Aurobindo Pharma Launches TheraNym Biologics CMO
Aurobindo Pharma inaugurates TheraNym Biologics, a ₹1,200 crore biologics contract manufacturing facility in Telangana, creating over 1,500 jobs and targeting global markets.
ICAR-NMRI team to inspect Ranchi bacon factory revival
A team from ICAR-NMRI, Hyderabad, will inspect the closed bacon factory in Ranchi from Thursday to prepare a revival plan. The factory, closed for 30 years, once sold popular Ranbac products.
US Threatens India with New Tariffs Mid-Negotiation: Full Story
The USTR proposes up to 12.5% additional tariffs on Indian exports due to India's lack of a law against forced-labour goods. Analysis of sectors at risk and India's measured response.
Chemco Receives FSSAI Authorisation for Food-Grade rPET Resin
Chemco Group has received FSSAI authorisation to manufacture food-grade recycled PET resin for food contact applications, marking a milestone in India's circular packaging ecosystem.
Vedic Journey Expands Curated Travel Services
Vedic Journey announces expansion plans to strengthen curated travel offerings, introducing new destinations and enhancing digital presence to meet rising demand for personalized travel experiences.
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Why Indian Manufacturers May Want Rupee at 100
Indian manufacturers may benefit from a weaker rupee at 100 per dollar, boosting exports amid low FDI and foreign investor outflows, despite higher import costs.
Cabinet Approves Rs 8,300 Cr Coastal Highway in Odisha
The Union Cabinet approved a 160-km coastal highway in Odisha under HAM, reducing travel time by 2.5 hours and boosting connectivity across four districts.
Pankaj Gupta Becomes NTPC Kanti Project Head
Pankaj Kumar Gupta, a seasoned NTPC executive with over 34 years of experience, has assumed charge as project head of NTPC Kanti. He brings expertise in engineering, energy transition, and strategic planning.
Crude Oil Prices Hit Record Rs 9,260 Per Barrel
Crude oil prices soared to an all-time high of Rs 9,260 per barrel amid escalating tensions in West Asia and volatile markets due to conflicting US-Iran signals.
8 Metro Corridors Driving Residential Growth in India
Discover how 8 major metro corridors in India are reshaping urban housing, boosting residential development, and unlocking new growth areas across cities like Delhi NCR, Mumbai, Bengaluru, Hyderabad, and Chennai.
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Intellipaat Hosts 24-Hour IntelliHackX Hackathons in Three Cities
Intellipaat School of Technology conducted 24-hour IntelliHackX hackathons in Bangalore, Hyderabad, and Pune, where students built tech solutions for real-world challenges like AI, fintech, and healthcare.
Gold Futures Drop to Rs 1.58 Lakh/10g on Ceasefire Hopes
Gold futures in India fell to Rs 1.58 lakh per 10 grams amid expectations of a US-Iran ceasefire. Internationally, Comex gold declined nearly 1% to USD 4,482.30 per ounce.
Tata Motors Taps China's Chery for Premium EV Push
Tata Motors is partnering with China's Chery to develop premium electric vehicles, leveraging the Freelander platform from a joint venture with Jaguar Land Rover.
Cabinet Approves Rs 10,000 Crore ATF Stabilisation Fund
The Union Cabinet has approved a Rs 10,000 crore ATF stabilisation fund to shield airlines from fuel price volatility, aiming to stabilise airfares and reduce financial stress on carriers.
Rajputana Stainless Revenue Crosses Rs 1,000 Crore; PAT Up 25%
Rajputana Stainless Limited reports FY26 revenue of Rs 1,006.96 crore and net profit of Rs 49.82 crore, a 25.01% YoY increase. Q4 net profit up 58.47%.
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Tata Motors Launches Intra V40 Bi-Fuel Pickup
Tata Motors unveils the Intra V40 pickup with a CNG-petrol bi-fuel powertrain, offering 1,525kg payload, 800km range, and advanced features for efficient last-mile cargo transport.
Gold Duty Hike Sparks Smuggling, Discounts Hit Rs 10 Lakh/kg
India's gold import duty hike to 15% has triggered a smuggling surge, with illicit gold sold at Rs 8-10 lakh/kg discount, creating a wide price gap and echoing 2013 trends.
Affordable Luxury Fastest-Growing Trend in India Fashion Accessories
India's fashion accessories market sees a shift toward affordable luxury, driven by digital adoption and changing consumer preferences among millennials and Gen Z.
India Data Center Market Opens $35 Billion Opportunity for Equipment Makers
India's data center industry is set to offer a $35 billion capex opportunity for industrial equipment manufacturers by 2030, driven by rapid digitalization and AI adoption.
Hangzhou's New Eight Steeds to Lead Tech Innovation
Hangzhou introduces the 'New Eight Steeds,' eight cutting-edge startups focusing on hard tech like smart glasses, chips, and space-based computing, aiming to define the next decade.
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LPG Shortage in Hubballi Fails to Boost PNG Connections
Despite an LPG cylinder shortage in Hubballi due to the US-Israel-Iran war, PNG connections have not seen a significant rise, surprising officials.
Honeywell Unveils New Brand Identities for Tech and Aerospace
Honeywell announces new brand identities for its Technologies and Aerospace divisions, leveraging a brand value of $18 billion and 140 years of innovation.
Tractor Industry Optimistic on FY27 Demand Despite Monsoon Risks
The tractor industry remains cautiously optimistic for FY27 demand after a record FY26, despite monsoon concerns. Structural improvements in agriculture support resilience, though El Niño risks persist.
India Plans New Index for Informal Industrial Production
India's statistics ministry is finalising plans to launch a new index to measure monthly industrial production in the informal manufacturing sector, alongside a services index, using data from ASUSE and PLFS surveys.
CREDAI Proposes Land Reforms for Bengal Housing
CREDAI West Bengal and Kolkata presidents submitted pre-budget suggestions to unlock land, speed up urbanisation, and improve housing affordability, including easing land ceiling limits and comprehensive township policy.
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NHAI Survey for Trichy-Karur Highway Widening
The NHAI has initiated a survey to demarcate land acquired for widening the accident-prone Trichy-Karur national highway, a decade after acquisition. The move aims to improve road safety on this narrow stretch connecting western and central Tamil Nadu.
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