INDUSTRY
Reliance Industries to declare dividend this week: Here's how Mukesh Ambani-led company rewarded its 42 lakh shareholders so far
Reliance Industries Limited will consider a dividend this week alongside its Q4 FY26 results. The Mukesh Ambani-led firm has a long dividend track record, rewarding over 42 lakh shareholders, even as investors watch earnings closely amid volatile oil prices and global market uncertainties.
CII proposes comprehensive reforms to streamline industrial land access in India
The Confederation of Indian Industry has presented a plan to fix issues in India's industrial land system. This aims to boost manufacturing by making land access easier and more transparent. The proposals include a national land bank and a digital single-window system. These changes are expected to speed up projects and attract more investment.
What happened at Surat Railway Station? Why are migrant workers leaving the industrial town in a rush?
Surat Railway Station News: Thousands of migrant workers crowded Surat's Udhna railway station, creating chaos and long queues as they rushed to leave. Beyond the summer rush, workers cited LPG shortages and slowing industrial activity as reasons for their departure, highlighting broader economic disruptions.
Germany's Friedrich Merz says industrial AI needs less stringent EU regulation
Germany's Chancellor Friedrich Merz wants less regulation for industrial artificial intelligence in the European Union. He believes this will increase productivity and efficiency. Germany has been eager to catch up with dominant AI players the United States and China in a global race to master a transformational technology and attract high-income jobs.
Axiro will scale fabless chip business in phases: CG Power chairman
Axiro Semiconductor, a CG Power subsidiary, is expanding its fabless chip business, initially targeting connectivity, satellite communication, and industrial applications. Axiro is already shipping millions of chips every month and has built a portfolio of around 200 commercialised chips over the past decade, Axiro’s chief executive, Naveen Yanduru said.
CII calls for GIS-enabled national land bank to ease industrial acquisitions
The Confederation of Indian Industry (CII) is advocating for a unified national industrial land bank. This initiative aims to create an online system simplifying land acquisition for factories. The proposed system will offer comprehensive land details. Reforms include standardized impact assessments and faster acquisition processes. Uniform stamp duty is also recommended to streamline investments across states.
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Rajnath Singh's Germany visit focus: Defence Industry coop, weapons' coproduction
India and Germany are set to sign a defence industrial cooperation roadmap. Defence Minister Rajnath Singh's visit will focus on joint development and production of weapon systems. Discussions will also cover cyber security, artificial intelligence, and drones. A defence investor summit is planned to boost collaboration and investment in the defence sector.
Summer vacations, industrial slowdown triggers massive passenger rush at Surat's Udhna railway station
Udhna railway station in Surat saw massive crowds of migrant workers on Sunday. Passengers faced heat and lacked facilities while trying to board trains for summer vacations. Police managed the situation. Western Railway stated arrangements were in place, with over 21,000 people travelling. Special trains were also operated.
CA reveals why Shettys of South India are very successful in the restaurant business, shares three principles that made them stand out from the rest
Financial expert Sarthak Ahuja highlights how the Shetty community, originating from Tulu Nadu, built a dominant restaurant presence across India. Their success stemmed from a standardized menu, affordability, and a strong work ethic, fostering a cycle of mentorship and entrepreneurship that propelled their influence in hospitality.
Establish 'GST-like' industrial land council for dispute resolution: CII
Industry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve disputes. A key recommendation is a unified, GIS-enabled land bank for transparency and faster investment decisions. The report also advocates for uniform stamp duties and a digital single-window system to streamline industrial land processes across India.
CII suggests GIS-enabled land bank, uniform stamp duty to speed up acquisition
The Confederation of Indian Industry (CII) has proposed a unified national industrial land bank with a GIS-enabled system to streamline land acquisition for manufacturing. The proposal includes standardized social impact assessments, district-level acquisition cells, and a dispute registry to reduce timelines and enhance transparency.
War-led cost surge, price curbs push beer industry into 'major trouble': United Breweries CEO & MD
The Indian beer industry is in significant trouble. Rising costs from the war, supply chain issues, and government pricing controls are impacting businesses. United Breweries CEO Vivek Gupta highlights the need for government support to prevent growth and innovation from stalling. Consumers are also shifting to cheaper options and smaller pack sizes due to financial pressures.
Ukraine strikes Baltic Sea port, Volga river industrial sites
Ukrainian drones targeted industrial cities along the Volga River and a Baltic Sea port near St. Petersburg. A fire was extinguished at the Vysotsk port, which handles fuel exports. Attacks also hit industrial targets in Syzran and Novokuibyshevsk, cities known for their oil refineries.
Noida MSMEs flag wage hike amid rising costs, seek financial relief, subsidies
MSME entrepreneurs in Noida and Greater Noida have flagged rising costs and policy imbalance following the recent hike in wages and overtime.
Kadimi Group expands global footprint
Kadimi Tool Manufacturing Co. , a player in the fastener and cold forging industry, recently made its first global acquisition with the US-based Rol-flo Engineering Inc.
RIL to announce Q4 earnings on April 24; board to consider final dividend
Reliance Industries will announce Q4FY26 earnings on April 24 as its board meets to approve results and consider final dividend for FY26 followed by an analyst meet to discuss performance and outlook
Indian refiner Reliance rejects Iran oil cargoes as waiver deadline looms
Reliance Industries has rejected two Iranian oil cargoes. This comes just before a U.S. waiver on Iranian oil exports expires. Washington will not renew these waivers. India had allowed Reliance to buy Iranian oil on several sanctioned tankers. Reliance stated the Derya tanker cargo did not meet compliance requirements. Indian Oil Corp recently bought Iranian crude.
Tap untapped potential of spices sector: Chirag Paswan at PHD Chamber of Commerce and Industry conclave
India's spices sector holds vast untapped potential. Minister Chirag Paswan urged a shift to value-driven growth, emphasizing innovation and global market integration. Enhanced quality standards are crucial for building trust and avoiding export rejections. Opportunities lie in nutraceuticals and wellness products. This focus is vital for achieving Viksit Bharat 2047.
Radhakishan Damani-backed VST Industries shares jumps 15% as Q4 profit doubles to Rs 116 crore
VST Industries share price saw a significant jump on Friday. The Radhakishan Damani-backed company reported a 120% rise in net profit for Q4 FY26. Revenue from operations increased by 52%. EBITDA climbed 61%, reflecting improved efficiencies. Strong fundamentals and market initiatives drove this growth. Investor confidence is high, making VST Industries a stock to watch.
Seed industry seeks policy support amid input cost increase
The turbulence in West Asia is starting to have a notable impact on India's seed industry, causing costs to soar. In response, companies are urging the government to consider more substantial tax breaks for research and development efforts. They also propose tapping into the Agricultural Infrastructure Fund to facilitate energy shifts.
West Asia conflict hits tourism, aviation: PHD Chamber of Commerce and Industry flags 15-20%
The ongoing conflict in West Asia is casting a long shadow over India's tourism and aviation sectors. Tourist arrivals have plummeted, prompting airlines to alter their routes, which in turn raises both fares and journey durations. The hospitality industry is feeling the strain as well, with many restaurants shutting down and significant losses reported.
ET Family Business Awards: Off the beaten highway, A ticket to ride in 160 countries
Balkrishna Industries Ltd, or BKT, is a major player in the global off-highway tyre market. Exports are crucial, driving significant revenue. The company is investing heavily in new tyre segments and rubber tracks. This expansion aims to boost revenue substantially by FY30. BKT's growth strategy is set to reshape its future.
West Asia conflict disrupts aviation, leads to 15–20% dip in inbound tourist traffic; Rs. 18,000 crore net loss for industry: PHDCCI report
India's vibrant tourism and hospitality sector is currently reeling from the impact of conflicts in West Asia. With inbound tourist arrivals plummeting and flight paths being heavily affected, the industry is facing unprecedented financial strain. In response, there is a call for innovative policy changes to enhance stability and broaden the range of tourism experiences.
Industrial AI startup Intellithink raises Rs 17 crore in round led by Pentathlon Ventures
Anicut Capital and Veltis Capital participated in the round. The Bengaluru-based industrial AI startup serves over 50 enterprises, including Jindal Steel, Jindal Stainless, JSW Steel, ArcelorMittal Nippon Steel, Adani, Ultratech, Dalmia, Ducab, and L&T, and is expanding in international markets. The fresh funds will primarily be used to expand its footprint across India and the GCC.
West Asia war may have adverse implications for auto industry: SIAM
The war in West Asia could create near-term headwinds for India’s automobile sector through rising input costs, supply chain disruptions and pressure on logistics, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said on Tuesday.
Nadir Godrej, chairperson of the Godrej Industries Group to step down
Nadir Godrej will retire as chairperson of the Godrej Industries Group in August 2026. He will become Chairman Emeritus. Godrej will step down from several company boards. This marks a planned generational succession for the group. Nadir Godrej has significantly shaped the group's growth and global presence over many years. The leadership transitions are effective from August 2026.
Karnataka plans 500-acre industrial hub with ARAI centre in Mandya
Karnataka is planning a major industrial hub in Mandya district. This hub will include a centre for the Automotive Research Association of India. The state government is exploring land options for a facility of at least 500 acres. This initiative aims to boost economic activity and create jobs in the region.
West Asia war: Punjab industry hit by labour shortage, rising costs
The ongoing turmoil in West Asia is sending ripples through Punjab's industrial landscape. Manufacturers of textiles, bicycles, and automotive components are grappling with surging production costs and shipment delays. In response, businesses are exploring alternative fuel sources while trying to absorb or mitigate rising expenses.
Indian film industry mourns Asha Bhosle's death: 'Her voice lives on'
Legendary playback singer Asha Bhosle has passed away at the age of 92. Tributes have poured in from across the film industry, with celebrities like Hema Malini, A.R. Rahman, and Akshay Kumar mourning the loss of the versatile artist. Bhosle's iconic voice and extensive career have left an irreplaceable legacy.
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