hree Adani group firms -- Adani New Industries Ltd, Adani Ports and Special Economic Zone Ltd (APSEZ) and Ambuja Cements Ltd -- have joined the World Economic Forum's 'Transitioning Industrial Clusters' initiative, forming the Adani Mundra Cluster.

This initiative aims to enhance collaboration and align the vision of co-located companies to drive economic growth, generate employment and advance decarbonisation by 2050, the group said in a statement.

The industry body Cellular Operators Association of India (COAI) on Monday voiced concerns over the Telecom Regulatory Authority of India's (Trai) recent views on the service authorisations framework, saying the contractual nature of present licences must be retained in the authorisation process for regulatory certainty and safeguarding long-term investors.

The telecom association - whose members include Reliance Jio, Bharti Airtel and Vodafone Idea - also expressed concerns over the exclusion of OTT communications services under the new authorisation framework.

Courier services provider Blue Dart Express on Monday said it will increase the prices of its shipments between 9-12 per cent from January 1, 2025.

The pricing adjustments for 2025, which include inflationary adjustments and cost rationalisation, are designed to partly cover spiraling long-term costs, such as rising input costs to operations, including airline operating costs and infrastructure costs, among others, the company said.

he government on Monday left the interest rates on various small savings schemes including PPF and NSC unchanged for the third straight quarter beginning October 1, 2024.

Credit card bill payments app CRED on Monday reported 66% year-on-year increase in revenue to ₹2,473 crore in FY24, on the back of growth in monetised members and a drop in user acquisition costs.

Operating losses were reduced by 41% from ₹1,024 crore in FY23 to ₹609 crore in FY24, a company statement said.

Bharat Agri Fert & Realty Ltd on Monday announced the completion of plinth work for a high-rise project Wembely-24 in Majiwada, Thane, which is expected to generate about Rs 800 crore in revenue in the next 4 years.

This milestone marks a significant step forward in the development of the project, which will offer 457 residential flats of 2/3 BHK, a company statement said.

Consumer electronics giant Sony India recorded a 21% growth in 2023-24 and expects to continue the momentum going forward led by the trend of premiumisation in the TV and consumer electronics space, Managing Director Sunil Nayyar said on Monday.

However, the company expects a moderation in the growth rates in the current fiscal, he said, adding it "may be not to the level which we have registered last year, because of the high base effect".

US agricultural equipment maker AGCO Corporation on Monday said it has terminated multiple agreements with Indian tractor manufacturer Tractors and Farm Equipment Limited (TAFE) with immediate effect.

The terminations include the Massey Ferguson brand license agreement, a distributor agreement for India, Nepal, and Bhutan, and an intellectual property license agreement for India, Nepal, Sri Lanka, Bangladesh, and Bhutan, it added.

he government has imposed mandatory quality norms for certain types of screws to curb the import of sub-standard goods, boost domestic manufacturing and ensure consumer safety.

According to the order, the item cannot be produced, sold, traded, imported or stocked unless it bears the Bureau of Indian Standards (BIS) mark.

Violation of the provision of the act can attract imprisonment of up to two years or a fine of at least ₹2 lakh for the first offence. In case of second and subsequent offences, the fine will increase to a minimum of ₹5 lakh and extend up to 10 times of the value of goods or articles.

The department for promotion of industry and internal trade (DPIIT) on Monday asked white goods manufacturers to participate in large numbers to avail fiscal benefits under the production linked incentive scheme for the sector as the response has been muted so far.

Larsen & Toubro on Monday said it has got an order to develop and implement energy management systems in the country's southern region.

The order has been bagged by the digital energy solutions arm of Larsen & Toubro's power transmission & distribution vertical.

India's consumer durables market is expected to touch a size of ₹5 lakh crore by FY30 and will become the fourth largest in the world by 2027, industry body CII said on Monday.

"These approvals are pivotal in our strategy to expand our oncology range and meet the increasing global demand for cancer treatments. We are advancing toward becoming the leading oncology supplier in Southeast Asia," Saransh Chaudhary, president of Global Critical Care at Venus Remedies, said in a statement.

The income tax department has extended the date for filing audit report for 2023-24 by seven days till October 7.

In a circular, the I-T department said considering the difficulties faced by taxpayers in electronic filing of various audit reports under the Income Tax Act, the deadline is being extended from September 30 to October 7.

As the UK officially shut down its last remaining coal power plant on Monday, policy experts said coal will continue to be a part of India's energy mix for the next few decades, given that it is still a developing country with significant energy needs.

In order to meet the growing energy demands of the country, CRISIL Ratings has said that India’s oil marketing companies (OMCs) are expected to add 35-40 million tonnes (MT) of crude oil refining capacity by the end of the fiscal 2029-30. This will take the total installed capacity of the country for crude refining capacity to 295 MT by 2030.

This expansion will be driven by the projected growth in domestic oil consumption as India's existing refining capacity is already operating at optimal levels of 100-103 per cent utilisation. The expansion will require a capital expenditure of around₹1.9-2.2 lakh crore, with most of the capacity additions being brownfield expansions.

rime Minister Narendra Modi on Sunday dedicated the Bidkin Industrial Area (BIA) in Maharashtra to the nation with a view to boost domestic manufacturing, an official statement said.

The 14 sectors covered under the production linked incentive (PLI) schemes have witnessed investments of ₹1.46 lakh crore till August and the capital infusion is expected to reach ₹2 lakh crore in the coming years, the commerce and industry ministry said on Sunday.

Commerce and Industry Minister Piyush Goyal on Sunday held detailed discussions with companies that are getting fiscal benefits under the production linked incentive (PLI) scheme.

The minister engaged with 140 companies out of the 1,300 manufacturing units across 14 sectors, which have been the beneficiaries of the scheme.