Industry News

India's listed hotel chains to add 70,000 keys to sector by 2030: CBRE

India's hospitality sector is set for long-term expansion as strong domestic tourism, rising incomes and premiumisation trends drive hotel chains to add over 70,000 keys by 2030

Discom appetite for vanilla solar has weakened, says MNRE secretary

Santosh Kumar Sarangi outlines focus on transmission upgrades, distributed renewables and offshore wind as India tackles grid stress and stranded green capacity

IMD forecasts 'below-normal' monsoon in 2026 for the first time in 3 years

The forecast, which has a model error of plus or minus 5 per cent, is mainly due to the development of El Niño conditions during the June to September months, the Met department said

Nites approaches labour ministry, seeks Posh compliance audit in TCS

Nites urged the ministry to take "immediate and decisive action" by directing a comprehensive and time-bound audit and inspection

Rajasthan's renewable projects worth 60 GW await transmission links

The western ‌desert state has 179 GW of renewable energy potential, with more than 85% of projects clustered in its four districts of Barmer, Bikaner, Jaisalmer and Jodhpur, the April 10 filing showed

Over 80% phone models sold in India see 15% price rise, say analysts

Successive price hikes, leaner specs, and fewer launches point to a demand slowdown

India lagged on hi-tech factories, but AI tools can boost competitiveness

AI-driven "physical intelligence" is reshaping India's factories, pushing firms beyond labour arbitrage to precision, automation and higher local value addition

Nearly 32,000 PNG consumers give up LPG connections amid govt push

Over 31,700 PNG users have given up LPG connections as the government pushes gas adoption amid supply disruptions; new registrations and gasified connections rise sharply

Cement firms to post strong Q4 volumes, but costs may weigh on margins

Cement companies are likely to report healthy volume growth in Q4 FY26 on strong demand and capex push, but rising fuel and packaging costs may weigh on profitability and margins

Private firms' bond, debenture investments surge sharply in FY25: RBI

During this period, corporate bond issuances increased to ₹9.87 lakh crore in FY25, compared to ₹8.38 lakh crore in the previous fiscal year

Medtech industry split over Centre's move on standard device testing fees

Medtech firms are split over draft norms on standardised testing fees, with some backing transparency and others warning of higher compliance burden for low-risk devices

OMCs say petrol, diesel, LPG supply adequate in Telangana, demand stable

OMCs have prioritised domestic LPG distribution, ensuring uninterrupted and timely delivery of cylinders, an official release said

NBFCs set for healthy Q4 profit growth; funding costs, risks in focus

NBFCs are likely to report healthy Q4FY26 earnings on steady credit demand, though elevated funding costs and geopolitical risks may weigh on margins and asset quality

RIICO's land policies attract investors to Rajasthan, draw strong demand

The Direct Allotment Scheme-2025 was launched in January 2025 and is applicable until December 2026

UP forms panel after Noida workers' protest turns violent, seeks resolution

The move comes after protests by factory workers in Noida demanding a wage hike turned violent, with incidents of arson, vandalism and stone pelting reported from various areas

India's data centre market size to double to $22 billion by 2030: Report

India's data centre market is projected to grow sharply on rising AI workloads, cloud adoption and digital consumption, with strong investment flows and capacity expansion across key markets

Uttar Pradesh govt attracts ₹3,000 crore tourism investment proposals

Uttar Pradesh draws ₹3,000 crore investment interest in its Buddhist Circuit as visitor numbers surge, with focus on tourism infrastructure and digital promotion

HPCL issues rare tender seeking LPG tanker to load from Russian port

Hindustan Petroleum Corporation Limited seeks LPG cargo from Russia as Hormuz disruption deepens supply crisis, forcing India to diversify sourcing beyond the Middle East

Centre aims to make India self-reliant in minerals sector: G Kishan Reddy

Union Coal and Mines Minister G Kishan Reddy said the union government's top priorities are to make the country benefit from the mineral wealth and increase employment generation

India's Behind-the-Meter storage market to cross 39 GWh by 2033: IESA

These BTMs are like rooftop solar panels, battery storage, as well as batteries for backup applications installed with UPSA, inverters, and telecom towers