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The Indian Steel Association (ISA) has formally approached the Odisha government to advocate for a prioritized allocation of iron ore for steelmakers based within the state. They want to make sure their expansion plans aren't derailed by shortages -- basically, raw material supply is the big risk hanging over the industry right now. On Tuesday, ISA's President and Member of Parliament, Naveen Jindal, led a group to meet Odisha Chief Minister Mohan Charan Majhi, to discuss the strategic necessity ...Read More >
New Delhi, Apr 9 (PTI) The government has stepped up supplies of critical petrochemical feedstock to the pharmaceutical industry to ensure uninterrupted production of essential medicines, as global supply chains remain strained due to the crisis in West Asia. Prior to the West Asia conflict, the pharmaceutical industry imported a bulk of its petrochemical feedstock, mostly in Kandla, Gujarat, from where the logistics chain took them to factories. The war, however, has disrupted those imports, w ...Read More >
Indore: India's pharmaceutical sector is facing a slowdown due to the ongoing conflict between the United States, Israel, and Iran. Apart from petrol and LPG gas, the war has led to an increase in the prices of raw materials used in drug manufacturing as well, particularly those sourced from China. The cost has gone up between 40% and 100%, which is expected to disrupt supply chains. According to JP Mulchandani, President of the Basic Drug Dealers Association, Indore, the Indian pharmaceutical ...Read More >
Kolkata, Apr 9 (PTI) Air-conditioning and commercial refrigeration major Blue Star Limited expects around 20 per cent growth in volumes and about 25 per cent revenue growth this year, its managing director B Thiagarajan said on Thursday. He said the air-conditioning industry is currently facing a total cost impact of around 13 per cent, comprising 5 per cent from revised energy labelling norms and about 8 per cent due to higher raw material prices. "Out of this, the industry has already passed ...Read More >
NEW DELHI, April 9 (Reuters) - India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among econo ...Read More >
NEW DELHI: India's expected economic growth of 6.6% for fiscal 2027 could face significant risks as the Iran war fans inflation worries, but ample foreign exchange buffers and a well-capitalised banking system could help mitigate some of it, the World Bank said. Doubts lingered over a fragile two-week Middle East ceasefire, raising concerns that energy flows through the crucial Strait of Hormuz will remain restricted. India, which imports about 90% of its oil, is among economies most exposed to ...Read More >
Ludhiana, Apr 9 (PTI) The country's merchandise exports are expected to register a fall of 2-3 per cent in 2025-26 due to global economic uncertainties, aggravated by the West Asia crisis, according to FIEO. Federation of Indian Export Organisations (FIEO) President S C Ralhan said that the crisis may have led to a decline in shipments by 7-8 per cent in March. The joint attack launched by the US and Israel on Iran on February 28 severely disrupted the country's exports to West Asia, pushed up ...Read More >
New Delhi: India's steel mills aim to cut carbon emissions by about a quarter over the next decade and reduce reliance on coal, while the world's second-biggest producer of the alloy plans to more than double output, according to a document seen by Reuters. Under the proposed "National Steel Policy 2025", India aims to cut emissions from steel mills to 2 metric tons of carbon dioxide per ton of finished steel by 2035-36, according to a draft cabinet note dated March 10, reviewed by Reuters. ...Read More >
Lucknow, April 9 (SocialNews.XYZ) Uttar Pradesh Chief Minister, Yogi Adityanath, on Thursday said that ensuring the income, dignity and long-term sustainability of weavers remains a top priority for the state government, underlining the need for a comprehensive and coordinated approach to address challenges faced by the sector. Chairing a review meeting of the Handloom Department, Chief Minister Adityanath said, "Weavers are not just carriers of tradition but also a strong pillar of the state's ...Read More >
Karnal, Haryana : Aroma Solar, the renewable energy arm of agricultural exporter Aroma Agrotech Pvt. Ltd., has commenced operations at its 1.2 GW solar module manufacturing facility in Karnal. The plant represents North India's first fully automated, AI-driven production line built on TOPCon technology. The facility has begun production of TOPCon modules rated at 620 to 635 W with 23.51% efficiency. In an industry where manufacturing scale has often outpaced quality systems, Aroma Solar has des ...Read More >
THOOTHUKUDI: Condemning the steep hike in raw material prices, safety match manufacturers have announced a factory shutdown from April 12 to 25 and urged the state and union governments to hold discussions with wholesale traders, alleging that illegal hoarding of raw materials has spiralled costs. The safety match industry employs nearly five lakh people and generates over Rs 800 crore in domestic trade, and Rs 600 crore in international trade. In the aftermath of the war in the Middle East, t ...Read More >
New Delhi, Apr 8 (PTI) The domestic consumption of finished steel grew by 7-8 per cent to 164 million tonnes in FY26 on the back of increased activity in infrastructure, construction, railways, and manufacturing sectors. The country's crude steel output grew by over 10.7 per cent to around 168.4 million tonnes during the financial year, reflecting sustained industrial momentum. "Domestic demand remained the key growth driver with finished steel consumption (164 MnT), expanding by about 7-8 per ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. Also Read | Nancy Guthrie Missing Case: Tipster Claims Missing Mother of Savannah Guthrie Is in Mexico's Sonora. While I ...Read More >
More than 33GW of battery capacity approved for Turkish grid since 2022 compared with 12-13GW in Germany Turkey has given the green light to more batteries to buffer its electricity grid than any EU member state, a report has found, in a further sign of rich countries losing steam in the race to a clean economy. More than 33GW of battery capacity have been approved in Turkey since 2022, according to the climate thinktank Ember, while the total planned and operational capacity in European front ...Read More >
Gurugram (Haryana) [India], 8 April (ANI): The ongoing West Asia conflict has cast a shadow over India's premium and luxury automobile segment even as the broader car market continues to grow, Hardeep Singh Brar, President and CEO, BMW Group India, told ANI on Wednesday. But with a ceasefire now in sight, Brar said the industry could be poised for a swift and strong rebound. While India's total automobile market has grown by around 17 per cent in the January-March Quarter, the luxury car segmen ...Read More >
New Delhi: India's steel industry clocked a robust 10.7 per cent year-on-year growth in production at around 168.4 million tonnes during 2025-26, consolidating its position as the world's second-largest producer while navigating global uncertainties and price pressures, according to a statement issued by the Ministry of Steel on Wednesday. Domestic demand remained the key growth driver with finished steel consumption at 164 million tonnes, expanding by about 7-8 per cent, driven by increased ac ...Read More >
Bhubaneswar, Apr 7 (PTI) Odisha Chief Minister Mohan Charan Majhi on Tuesday urged mining leaseholders and industries to increase mineral production to meet the growing demand for iron ore amidst the state's rapid industrialisation. Presiding over a high-level meeting with mining leaseholders and industrialists, Majhi assured that the government would provide full support for mining activities. He called for enhanced production and dispatch, in line with the minimum mandatory limits under the ...Read More >
New Delhi, Apr 8 (PTI) Stable interest rates on home loans coupled with strong end-user demand will help real estate developers to sustain sales momentum, realtors' bodies CREDAI and NAREDCO on Wednesday said while hailing the RBI's decision to keep repo rate unchanged. The two associations, which have around 20,000 real estate developers as members, pointed out that the real estate sector could face the pressure of an increase in input costs because of the West Asia conflict, but asserted that ...Read More >
New Delhi, Apr 6 (PTI) State-owned NMDC has increased the prices of iron ore by up to 11.1 per cent, according to a regulatory filing. The company, which is the country's largest iron ore producer, has increased the prices with effect from April 5, 2026. As per the regulatory filing, the prices of Baila Lump -- high-grade (65.5 per cent Fe) iron ore lump produced by the company from the Bailadila mines in Chhattisgarh, have been increased by 10.4 per cent. While prices of Baila Fines -- high- ...Read More >
"Materials are key enablers, whether for systems, weapons, or sensors. If you want capabilities beyond what you currently possess, you must develop materials that can provide that capability," the DRDO chairman said. He cautioned India against depending on foreign countries for material development technology. "You are not going to get it. They will give you the technology only once they have used it in their systems. And, when they move to the next generation technologies... when they give yo ...Read More >
Gandhinagar: The state govt said that despite the ongoing crisis in West Asia that is hampering fuel supply, the state's industrial sector continues to remain largely functional, although at a reduced capacity. Govt asserted that gas was "fully available in the state".Speaking to the media on Tuesday, additional industries commissioner K C Sampat and Gujarat State Petroleum Corporation senior vice-president (commercial and marketing) Dipen Chauhan said the state govt was closely monitoring the s ...Read More >
Hyderabad: Liquor and beer prices are expected to rise from May. Breweries and distilleries have asked for a price hike, reportedly citing global supply disruptions triggered by the US/Israel- Iran war and a sharp rise in production costs due to escalating fuel and natural gas costs. The government has referred the proposals to a judicial committee headed by a retired judge and sought a report within a week, official sources said. Breweries and distilleries said there was a 40 per cent drop in ...Read More >
New Delhi [India], April 7 (ANI): Air Marshal Umesh Yalla, Air Officer Commanding in Chief of the Maintenance Command of the Indian Air Force, on Tuesday emphasised the need for indigenisation and advanced materials research in military aerospace manufacturing to reduce dependence on foreign Original Equipment Manufacturer (OEMs) and enhance India's strategic autonomy. Speaking at the CAPS-IMR Joint Seminar, Air Marshal Yalla said, "The military aerospace manufacturing industry has largely grow ...Read More >
New Delhi [India], April 7 (ANI): Air Marshal Umesh Yalla, Air Officer Commanding in Chief of the Maintenance Command of the Indian Air Force, on Tuesday emphasised the need for indigenisation and advanced materials research in military aerospace manufacturing to reduce dependence on foreign Original Equipment Manufacturer (OEMs) and enhance India's strategic autonomy. Speaking at the CAPS-IMR Joint Seminar, Air Marshal Yalla said, "The military aerospace manufacturing industry has largely grow ...Read More >
New Delhi [India], April 7 (ANI): Air Marshal Umesh Yalla, Air Officer Commanding in Chief of the Maintenance Command of the Indian Air Force, on Tuesday emphasised the need for indigenisation and advanced materials research in military aerospace manufacturing to reduce dependence on foreign Original Equipment Manufacturer (OEMs) and enhance India's strategic autonomy. Speaking at the CAPS-IMR Joint Seminar, Air Marshal Yalla said, "The military aerospace manufacturing industry has largely grow ...Read More >
India's ongoing Liquefied Petroleum Gas (LPG) crisis has exposed the vulnerability of the country's cooking fuel supply chain, prompting renewed calls for diversification and a stronger push toward domestic alternatives such as ethanol. The disruption stems largely from geopolitical tensions in West Asia, particularly the conflict involving Iran, which has slowed shipments passing through the strategically vital Strait of Hormuz. The narrow maritime corridor handles a major share of India's LPG ...Read More >
New Delhi: India has issued a global tender for the import of 2.5 million tonnes of urea to bolster the reserves of the most-used soil nutrient ahead of the main planting season that begins in June. Indian Potash Ltd (IPL) issued the tender for bulk import of granular and prilled urea. It must be loaded onto a ship that must depart the export location before June 14, according to the tender issued on April 4. Urea imports in India are handled through a structured electronic bidding process run ...Read More >
Nalgonda: Rice mills in the erstwhile Nalgonda district have emerged as a key source of raw material for more than 450 industries linked to rice bran oil, liquor, poultry feed and brick manufacturing.Miryalaguda has developed as a major rice milling hub, with 273 mills across the erstwhile district, including 163 in Nalgonda, 80 in Suryapet and 30 in Yadadri-Bhongir. During paddy milling, byproducts such as rice husk, broken rice and rice bran are generated and supplied to various industries.Acc ...Read More >
New Delhi, Apr 6 (PTI) India has achieved the highest-ever annual wind energy capacity addition of 6.05 GW in 2025-26, taking cumulative installed capacity to over 56 GW, the Ministry of New & Renewable Energy said on Monday. According to a ministry statement, India achieved its highest-ever annual wind capacity addition of 6.05 GW during FY26, crossing the landmark of 5.5 GW capacity addition in FY 2016-17. With this addition, India's cumulative installed wind power capacity has crossed 56 GW ...Read More >
MUMBAI - India, the world's largest urea importer, is looking to purchase 2.5 million metric tons of the key crop nutrient to shore up domestic supplies, which have tightened due to the U.S.-Israeli war with Iran. State-run Indian Potash Ltd (IPL) issued a tender on Saturday to import 1.5 million tons via the country's west coast. The remaining 1 million tons will arrive through the east coast, according to the document posted on the company's website. Shipments are expected to leave the load ...Read More >
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