Industry News

Mahindra Lifespace adds 10.5-acre land in Bengaluru for housing project

The project is estimated to offer about 1 million (10 lakh) sq ft of saleable area, and is expected to have a revenue potential of around ₹1,250 crore

JLL sets up global treasury centre at GIFT City to centralise operations

The new entity will oversee funding, liquidity and banking administration across multiple regions, giving JLL access to international capital markets through the IFSC

India poised to refine for world as global capacity declines: Hardeep Puri

India's refining capacity is currently around 290 million tonnes per annum and is expected to expand further by scaling up existing facilities and adding new projects, he said

Insurers need stronger safeguards against AI-driven fraud, say experts

Business Standard BFSI Insight Summit 2026: Insurers say AI-generated documents and evolving cyber threats are testing traditional risk assessment, prompting calls for stronger safeguards

No intention to increase ethanol blending in fuel beyond 20%: Hardeep Puri

The government has been promoting ethanol-blended petrol as part of its strategy to reduce dependence on imported crude oil, one of the biggest contributors to its current account deficit

Tata Motors, Amazon to deploy 3,000 electric trucks for ecom logistics

A senior Amazon executive said all 3,000 electric trucks will be deployed within 3 years

Microsoft's Voluntary Exit Offer: Eligibility, benefits, deadline and more

Microsoft's VEO covers eligible employees at level 70 and below in selected teams across India, the US, the UK and Canada, with individual exit terms and benefits subject to eligibility

Govt allows E100 flex-fuel vehicles, amends Central Motor Vehicle Rules

The Centre has amended motor vehicle rules to permit vehicles running on 100 per cent ethanol, clarifying that existing vehicles need not switch fuels or undergo modifications.

Tata Communications to invest $400-450 million in India AI fibre network

The company will build a 10,000-km network with 7.2 petabytes of capacity across key data centre and AI hubs, with meaningful revenue contribution expected from FY28-29

Cap on cancer drug margins may not lower patients' medical bills: Experts

Experts warn that the 30% trade-margin cap on 137 anti-cancer drugs may offer limited relief to patients as assistance programmes remain excluded from price calculations.

Centre poised to extend duty-free cotton imports as output may fall 12-18%

India's cotton production is projected to decline to around 29 million bales in 2026-27, prompting the Centre to consider extending duty-free imports until December to ease supply pressures.

Worli leads Mumbai's luxury housing market: Lighthouse Luxury report

Mumbai recorded 3,145 luxury home sales worth ₹32,623 crore in H1 FY27, with Worli leading transactions as Andheri West, Versova and Tardeo also witnessed strong growth

NBFC industry leaders flag funding gaps as smaller lenders struggle to grow

At the Business Standard BFSI Insight Summit 2026, NBFC industry leaders flag widening funding gaps between large and small lenders amid rising competition, evolving customer needs and economic risks

Succession, transition a challenge for founder CEOs: Joydeep Sengupta

At the Business Standard BFSI Insight Summit 2026, McKinsey's Sengupta said that founders must balance long-term ambition, take calculated risks, and plan succession to ensure business continuity

CCPA imposes ₹1 lakh fine on Britannia over '100% whole wheat bread' claim

CCPA directed the company to discontinue the advertisement with immediate effect across all print and electronic media, including social media

Haryana electricity row: How a private licence triggered a statewide crisis

A 25-year licence for Eleven Power has put Haryana's power regulator and government at odds, raising concerns over parallel distribution and the financial health of state-run discoms

Indian Malt Whisky Association signs pact with Scotch Whisky Association

The pact also provides for cooperation on legal protection, product authenticity, intellectual property infringements, and the promotion of responsible consumption

Brigade Group, Hyatt sign deals for two Bengaluru hotels with 600 rooms

The properties at Brigade Global Park and an upcoming Whitefield-Kadugodi township will add about 600 rooms and extensive dining, meetings and event facilities

Dubai South home sales hit record in 8M 2026 as smaller units gain share

Residential transactions reached 12,428 in January-August, already above full-year 2025 volumes, while studios and one-bedroom homes accounted for about 76 per cent of sales

Delhi urbanises 48 villages, opening new avenues for realty developers

Delhi's move to urbanise 48 rural villages could unlock new real estate opportunities, but infrastructure development, land-use permissions and implementation will be crucial