Industry News: Industry Updates, Indian Industries Analysis, Trends in the Industry

Tata Steel CEO T V Narendran stated that the US tariff of 50% is unlikely to significantly affect the domestic steel sector, though its European operations might experience some impact due to existing tariffs. He acknowledged challenges but highlighted positive domestic growth and demand. The government is devising strategies, including GST reforms, to mitigate the tariff’s effects. Indian steelmakers are requesting a minimum import price from the government as current safeguard duties prove insufficient amidst falling global prices. Industry executives report that hot rolled coils are trading significantly lower than expected, impacting profit margins. Analysts suggest a balanced approach, considering consumer prices and anticipating stable raw material costs and subdued global demand.

At CK Birla Hospitals – CMRI Kolkata, the mission remains to deliver affordable, high-quality care. Mr Sombrata Ray, Unit Head at CMRI Kolkata, welcomed khelo24 login the government’s progressive GST reforms, highlighting their role in easing healthcare costs for patients and families. Confident of meeting the anticipated surge, Negi affirmed Orient Electric’s readiness to support growth, adding that the reforms would drive volumes, lift consumer sentiment, and contribute to a prosperous festive season. The GST cuts on construction materials were described as another significant stimulus.

One of the most significant measures is the zero-rating of essential food items. Ultra-high temperature milk, paneer, and Indian breads such as rotis and parathas will now be completely exempt from GST. Education-related products, including maps, notebooks, pencils, sharpeners and crayons, will also attract no tax, making learning materials more affordable.

The GST Council’s decision to rationalise rates into two slabs—5% and 18%—was welcomed across industry, with Mahindra executives highlighting benefits for affordability, farming, clean mobility, and inclusive growth. Other business leaders also praised the reforms’ citizen-first approach. The TMC has claimed credit for the government’s decision to exempt life and health insurance policies from Goods and Services Tax (GST). She also said that the recently announced GST reforms are a move to ease Donald Trump’s 50% tariff pressure.

Congress leader Pawan Khera on Thursday attacked the Centre over its “delayed” GST reforms, claiming the government finally acted on Rahul Gandhi’s long-standing advice after eight years. Power Grid Corporation of India has bagged the Sonbhadra transmission project in Uttar Pradesh under tariff-based bidding. Court of Appeals for the Federal Circuit delivered a 7-4 decision challenging President Trump’s comprehensive tariff program.

The company will place these batteries into a “hot idle” state to preserve their structural integrity while thorough inspections are conducted to assess any oven damage and determine the feasibility of repairs. No coking or production will occur during this period to prevent permanent damage to the batteries. The integration of artificial intelligence (AI) and robotics in supply chain management has been rapidly… The government has slashed GST on daily essentials, healthcare, education, and farming inputs. Cognizant is investing in ‘agentic AI’ by training 1,000 context engineers and partnering with Workfabric AI. This initiative aims to leverage the ContextFabric platform to transform organizational data into actionable context for AI agents.

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Abhay Parnerkar, CEO of Godrej Foods Limited, welcomed the government’s recent GST rationalisation, calling it a progressive step that benefits both consumers and the food industry. The Directorate General of Trade Remedies (DGTR) has suggested imposing a safeguard duty on specific flat steel product imports for three years, aiming to shield domestic manufacturers from a surge in inbound shipments. The recommended duty starts at 12% in the first year, decreasing to 11% by the third year.

Specialty Fertiliser Sector Under Risk as China Plans Export Curbs from October

• She also said that the recently announced GST reforms are a move to ease Donald Trump’s 50% tariff pressure.
• TradeOne offers a focused trading setup, while post-trade analysis aids in refining strategies and managing risk effectively.
• Court of Appeals for the Federal Circuit delivered a 7-4 decision challenging President Trump’s comprehensive tariff program.
• Ultra-high temperature milk, paneer, and Indian breads such as rotis and parathas will now be completely exempt from GST.
• Indian steelmakers are requesting a minimum import price from the government as current safeguard duties prove insufficient amidst falling global prices.

However, sin and luxury goods such as pan masala, cigarettes, luxury cars and private yachts will continue to attract the steep 40 per cent GST rate. SAIL provided about 8,000 tonnes of steel for INS Udaygiri and INS Himgiri. The pricing strategies of Nucor Corporation, the largest steel producer in the United States, are watched closely by manufacturers, contractors, distributors, and investors. Capgemini has sought clearance from the Competition Commission of India (CCI) to acquire full ownership of Singapore-based Cloud4C. The development comes after Capgemini announced on Tuesday that it has signed an agreement to acquire Cloud4C. While welcoming the recent rationalisation, Kharge insisted that states be fully compensated for losses, arguing the government’s delayed reforms came only after sustained opposition pressure.

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CEO Ravi Kumar S emphasizes the importance of context in the LLM era, positioning Cognizant to drive scalable AI adoption for clients. The Walt Disney Co. will pay $10 million to settle a Federal Trade Commission lawsuit claiming the entertainment company allowed personal data to be collected on children. American Eagle reported strong earnings driven by marketing campaigns with Sydney Sweeney and Travis Kelce, leading to a 25% after-hours stock surge.

Reliance Power clarified that Bank of Baroda’s action against Reliance Communications, classifying its loan account as fraudulent, will not impact its operations or financial standing. The classification, also naming Anil Ambani, involves loans from a decade ago. Reliance Power emphasizes its independence from Reliance Communications, noting Ambani hasn’t been on its board for over three years. United States Steel Corporation has initiated the process of removing coke from batteries 13 and 14 at its Clairton coke plant, the site of a recent fatal explosion.