PRODUCTS
India amends export policy for some animal by-products
The government has updated rules for exporting specific animal by-products. This change aligns with European Union standards. Products affected include retail dog and cat food. Also impacted are compounded animal feed and concentrates. The Directorate General of Foreign Trade issued the notification. Exports are now allowed only under particular conditions. This revision aims to meet EU requirements.
Domestic coal production drops marginally in April-August period to 381.75 MT
India's coal production experienced a slight dip of 0.6% to 381.75 million tonnes during April-August, compared to 384.037 MT last year. Coal India led with 280.15 MT. However, August witnessed a robust 11.5% surge, reaching 69.87 MT. Government initiatives, including policy measures and stakeholder support, fueled this growth.
Consumers to see reduced prices of FMCG products by next month: GCPL MD
Consumers can anticipate lower prices on FMCG products by early to mid-next month as new MRPs reach the market, according to Godrej Consumer MD & CEO Sudhir Sitapati. The GST rate reduction to 5% has caused temporary disruptions due to existing stocks with higher MRPs.
Uni Abex Alloy to invest Rs 100 crore to double production capacity of high-performance alloys
Uni Abex Alloy Products Ltd will invest over Rs 100 crore to double its high-performance alloys production capacity by FY26. The expansion at its Dharwad facility in Karnataka aims to meet rising demand from industries like iron, steel, petrochemicals, and fertilizers. This strategic move will increase production from 6,000 to 12,000 metric tonnes per annum.
Audio player QCY forays into India, to set up manufacturing facility in Haryana
Global audio giant QCY is entering the Indian market, planning a manufacturing plant in Manesar, Haryana, with significant investment. Targeting a USD 75-100 million value share by 2026, QCY aims to boost India's wearable tech growth under the Make in India initiative. Six new flagship products across TWS, headphones, and speakers are launching this festive season.
Volkswagen CEO: Tariffs have cost group billions so far
Volkswagen's CEO, Oliver Blume, revealed that U.S. tariffs have cost the company billions of euros this year, significantly impacting brands like Porsche and Audi. Porsche faces additional challenges due to a struggling Chinese market, creating a difficult situation. Volkswagen is in talks with the U.S. government regarding tax breaks for potential investments, including a possible Audi production plant.
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Key OPEC+ members agree to again boost oil production
Eight key OPEC+ members, including Saudi Arabia and Russia, have agreed to increase daily oil production by 137,000 barrels starting next month. Analysts interpret this move as a strategic effort by the V8 grouping to expand their market share in crude oil sales. The decision reflects an ongoing adjustment to global oil supply dynamics.
Qualcomm CEO says Intel’s chip production not good enough yet
Qualcomm CEO Cristiano Amon said Intel’s chipmaking isn’t advanced enough for use, keeping Qualcomm reliant on TSMC and Samsung. While Intel seeks foundry customers, Qualcomm is expanding beyond smartphones into automotive.
Centre issues draft standards to make everyday products accessible for people with disabilities
The government is drafting accessibility standards for everyday items. This includes kitchenware, furniture, and grooming products. The goal is barrier-free access for persons with disabilities. The standards cover 20 categories. They include braille, tactile features, and clear labeling. The framework follows the 'POUR' approach. Products must be Perceivable, Operable, Understandable, and Robust. The government will offer incentives for compliance.
China's WM Motor to restart production after government-backed revival plan
The EV startup, which once counted Chinese tech giant Baidu as a backer, filed a restructuring plan in 2023 as it struggled to make profits in the capital-intensive auto sector.
CAIT to launch campaign to boost consumption of Swadeshi products
Confederation of All India Traders will soon launch a campaign. This encourages traders to promote 'Swadeshi' products. The aim is to boost local consumption.
Niti Aayog recommends strategies to double India's pulses production by 2047 and self-sufficient by 2030
Niti Aayog suggests ways for India to become self-reliant in pulses. The goal is to double pulse production by 2047. Production may reach 34.45 million tonnes by 2030. By 2047, it may further rise to 51.57 million tonnes. The plan includes better farming methods and technology. Focus is on high-quality seeds and climate-smart practices.
Germany's Hansgrohe plans to quadruple India production as China sales slow
German bath fittings maker Hansgrohe is set to quadruple its India production, targeting affluent Indians amid a slowdown in China. The company aims for India to contribute 10% of its global sales by 2030, driven by urbanization and rising disposable incomes.
Reduction in GST rates of dairy products would have far-reaching benefits: Milky Mist
Milky Mist Dairy Food Ltd.'s CEO, K Rathnam, hails the GST rate reduction on dairy products as a significant boost for consumers and farmers. The move will make nutritious products like cheese and butter more affordable, stimulating demand and strengthening the organized dairy sector.
Kaynes Semicon eyes January 2026 for mass production at Sanand OSAT
Pilot operations began in April and multi-month validation is currently underway, Kaynes Technology managing director Ramesh Kannan told ET. It expects to begin commercial-scale deliveries to anchor customer Alpha Omega Semiconductor by October, followed by full-scale production in January, he said.
System soon to spot hurdles in starting production at mines
The government is preparing a system to find problems in starting auctioned mineral blocks. A new online portal will monitor the progress of approvals for these blocks. This aims to speed up clearances. Only a few auctioned mines are currently working. Delays in environmental approvals are a major reason. The central government will work with states to accelerate approvals.
Food companies upbeat, expect consumer choice to shift to branded products
Packaged food companies anticipate a significant shift from unbranded to branded products. This change is expected in categories like paneer, ghee and namkeens. The GST reduction will narrow the price gap. The price difference with local varieties will decrease by 4-13%. The GST council reduced taxes on daily use food items. New rates will be effective from September 22.
Gap to offer beauty and personal care products this fall
Gap is set to venture into the beauty and personal care market this fall, including products under its Old Navy brand, as it seeks to diversify its revenue beyond apparel. The initiative begins with a trial phase in 150 Old Navy stores, featuring items like skincare, makeup, and hair products, mostly priced under $25.
BJD demands full GST exemption on kendu leaf and handloom products
Odisha's BJD party wants no GST on kendu leaf and handloom items. They are asking the central government to make up for GST revenue changes. The party says tribal and dalit people who collect kendu leaves need this help. BJD has been asking for this exemption since 2018. They believe it will support poor weavers who make handloom products.
Mother Dairy to pass on benefits of GST reduction to consumers: MD Manish Bandlish
Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, welcomes the GST Council's decision to reduce GST rates on various dairy products. The company assures consumers that the benefits of this reduction will be passed on, enhancing affordability and accessibility.
GST cuts on farm inputs, dairy products 'big Diwali gift' for farmers: Agri industry
Industry leaders applaud the government's GST rate reduction on agricultural inputs and dairy products, anticipating significant relief for farmers facing rising costs and unpredictable weather. The move is expected to increase farmer incomes by lowering input costs and promoting the adoption of advanced technologies. Reduced GST on dairy products will improve affordability, boost consumption, and support dairy farming families.
ITC shares surge 3% on GST tweaks in cigarettes, other tobacco products
ITC shares experienced a surge following the GST Council's announcement that the existing 28% GST plus compensation cess on tobacco products will persist until related borrowings are cleared. Subsequently, a revised 40% GST slab based on retail selling price will be introduced.
Stock Radar: Godrej Consumer Products stock on verge of a breakout; check target & stop loss
Godrej Consumer Products is poised for a potential breakout, having found support above key moving averages. The stock is forming an inverse Head & Shoulder pattern, suggesting a possible upward move. Experts suggest buying above Rs 1,285, targeting Rs 1,300-1,360 in the coming months, with a strong support base established around Rs 1,175-1,180.
Health products maker Cupid expects Rs 100 cr revenue from exports
Cupid Limited anticipates significant export revenue growth. The health products maker projects over Rs 100 crore from exports soon. International orders from South Africa, Tanzania, and Kenya will boost revenue. WHO, UNFPA, and NGOs are also key clients. A major order from Brazil is secured. Further orders are expected from Tanzania.
Bima Vistaar: New insurance product set to launch in rural India by December 2025
Bima Vistaar, a comprehensive insurance product covering life, health, and property for rural populations, is expected to launch by December 2025. All insurance companies will offer the product at a uniform price, providing a Rs 5 lakh cover per individual, aiming to increase insurance penetration in rural India.
Alphabet ramps up Pixel phone production in India
Alphabet is ramping up Google Pixel smartphone production in India, including the flagship Pixel 10 Series, and plans to begin exporting devices. This move aims to diversify manufacturing amid US tariff concerns.
OpenAI to acquire product testing startup Statsig, appoints CTO of applications
OpenAI is buying startup Statsig in an all-stock deal worth $1.1 billion. Statsig’s CEO, Vijaye Raji, will lead product engineering at OpenAI, focusing on ChatGPT and Codex. The move comes just a few months after OpenAI acquired Jony Ive's former startup, io Products. Statsig will stay independent but operate under OpenAI from its Seattle office.
Jaguar Land Rover reports disruption in production & sales due to cyber issues
Jaguar Land Rover (JLR) is grappling with significant operational setbacks following a recent cyber incident. The company responded by shutting down its systems to contain the impact, leading to disruptions in both retail and production activities.
Govt allows production of ethanol from sugarcane juice syrup, molasses
Govt has lifted restrictions on ethanol production from sugarcane juice, syrup, and molasses for the 2025/2026 marketing year, according to a notification issued on Monday. This decision reverses the restrictions imposed in the current year due to a decline in sugarcane supplies, signaling a shift in policy regarding ethanol production.
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