Carpooling Grows in Telangana Districts, Hyderabad Lags
Carpooling is rising in Warangal and Karimnagar as commuters share rides to cut costs, but Hyderabad sees little adoption despite PM Modi's push. Experts call for policy support.
Category : Industry
Gold Industry Favors Recycling Over Purchase Cuts for Forex
India's jewellery industry opposes reducing gold purchases to protect forex, proposing instead to boost domestic recycling and mobilise idle gold stocks to safeguard livelihoods and cultural traditions.
Vanguard Aims to Double European Assets to $1 Trillion by 2030
Vanguard Group aims to double its European assets under management to $1 trillion by 2030, driven by expansion in retirement and ETF markets.
Pet Coke Shortage May Hit Aluminium Output Beyond Gulf: JP Morgan
JP Morgan warns that a global shortage of petroleum coke could disrupt aluminium production outside the Gulf region, impacting supply chains and prices.
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L&T Tech Services and Emerson Partner for Engineering Innovation
L&T Technology Services and Emerson have announced a global strategic engagement to drive innovation in engineering excellence across multiple industries.
India Cuts Oil and Gas Royalty to Spur Investment
The Indian government has reduced royalty rates for oil and gas fields to encourage upstream investments, aiming to boost domestic production and reduce import dependence.
Indo-French Investment Conclave in Bhopal on May 12
CM Dr. Yadav's initiative brings the Indo-French Investment Conclave to Bhopal on May 12, focusing on agri, EV, technology, renewable energy, and skill development.
India rationalises royalty rates for crude oil, natural gas
The Indian government has rationalised royalty rates for crude oil, natural gas, and casing head condensate to simplify regulations and boost the upstream energy sector, Union Minister Hardeep Singh Puri announced.
Deep Bond Market Key to Decouple Infrastructure Financing from Banks
NK Singh emphasizes the need for a deep bond market to separate infrastructure financing from commercial banking, reducing risk and fostering long-term growth.
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Corporatisation of Major Ports: A New Era for Maritime India
The Indian government's plan to corporatise major ports aims to boost efficiency, attract private investment, and enhance global competitiveness in the maritime sector.
Modi's Gold Appeal Sparks Fear in Jewellery Industry
PM Modi's call to avoid buying gold for a year triggers concerns in the jewellery sector. GJC proposes a gold monetisation scheme to reduce imports and support livelihoods.
Birla Corp Q4 Net Profit Rises 14.8% to Rs 295 Crore
Birla Corporation Ltd reported a 14.8% rise in Q4 net profit to Rs 295 crore, with annual profit surging 89% to Rs 558 crore. Cement production hit 19 MT.
Fire Guts Flat in Pune Kalyaninagar Society, No Injuries
A fire caused by a short circuit gutted a 10th-floor flat in an upscale Kalyaninagar society in Pune. No injuries were reported. Electronic goods and furniture were destroyed.
J&K to Auction 12 Limestone Blocks on May 12
The Jammu and Kashmir government will auction 12 limestone blocks on May 12, aiming to boost mining revenue and industrial growth in the region.
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Zydex Paints Launches Silicate Mineral Paint
Zydex Paints introduces silicate mineral paint, a durable and eco-friendly alternative to conventional paints, offering breathability and long-lasting color.
Chandigarh Admin May Split Industrial Plots, Hike FAR
The Chandigarh administration is considering dividing large industrial plots into smaller units and increasing the floor area ratio to boost industrial growth and optimize land use in the city.
Retired Air Force Sergeant Duped of Rs 7.76 Lakh in Plot Fraud
A retired Air Force sergeant in Kanpur was cheated of Rs 7.76 lakh in a plot deal fraud. Police have registered a case of fake power of attorney and forgery.
Noida DM Ordered to Act Against Builder for Groundwater Extraction
The Lucknow groundwater department has directed the Noida DM to take action against Migsun Builders for illegal groundwater extraction in Greater Noida and submit a report within 10 days.
Surat Yarn Dyeing Association Hikes Prices by Rs 10 per Kg
Surat Yarn Dyeing Manufacturing Association (SYDMA) unanimously decided to increase dyed yarn prices by an average of Rs 10 per kg due to rising production, input, and freight costs.
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Major Fire at Textile Unit in Nashik's Navapur MIDC
A major fire at a textile unit in Nashik's Navapur MIDC caused extensive damage but no casualties. Over 50 workers evacuated; firefighting operations ongoing.
RIICO Opens 10th Phase Allotment for Textile Units in Bhilwara
RIICO launches 10th phase of direct allotment for industrial plots in Rupaheri Textile Park, Bhilwara. MoU holders can apply by May 2026. Incentives under Rajasthan Textile Policy 2025.
Japan-backed jaggery plant starts ops in Ghazipur, UP
A jaggery-based food plant with Japanese FDI has become operational in Ghazipur, UP. The Rs 15 crore facility will boost sugarcane demand and create over 2,000 jobs.
Himachal CM Unveils Rs 470 Cr Urban Hubs for Shimla and Hamirpur
Himachal CM Sukhu announced Rs 330 crore Sabzi Mandi CBD in Shimla and Rs 140 crore City Centre in Hamirpur to decongest towns and boost revenue.
K-RIDE awards Rs 1,514 cr contract to ICF for 153 coaches
K-RIDE's subsidiary Bi-RIDE has issued a work order to ICF Chennai for 153 AC metro-type coaches for Bengaluru Suburban Rail Project, valued at Rs 1,514 crore.
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Jewellery Body Urges Govt to Boost Gold Recycling Over Demand Cuts
All India Jewellers & Goldsmith Federation urges the government to focus on domestic gold mobilisation and recycling instead of discouraging gold purchases, warning of livelihood impacts.
Worker dies in stone quarry accident in Rourkela, protest erupts
A 55-year-old labourer died after a boulder fell on him at a stone quarry in Odisha's Rourkela, triggering protests and demands for compensation and strict action against management.
FORTI backs PM Modi's economic push for local goods
FORTI held a review meeting supporting PM Modi's economic suggestions, pledging to boost indigenous production, promote local goods, and encourage vehicle sharing to cut fuel use.
PM Modi's gold appeal worries Odisha jewellers
PM Modi's call to avoid non-essential gold purchases for a year to ease forex pressure has sparked concern among jewellers in Odisha, who fear impact on livelihoods of artisans and small businesses.
Mumbai Power Demand Hits New Record of 4,540 MW
Mumbai's peak power demand surged to 4,540 MW on Monday, breaking the previous record of 4,372 MW. Local generation met only 865 MW, with the rest drawn from outside, highlighting infrastructure challenges.
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Maruti Suzuki to Launch 3 New Cars in 2026: Brezza, WagonR, SUV
Maruti Suzuki plans to launch three new cars in 2026: a Brezza facelift, an updated WagonR, and a new 7-seater SUV. The models aim to strengthen the brand's lineup in competitive segments.
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