Page 109 - Industry News
Australia's advisory against rabies vaccine over-cautious: Manufacturer
The IIL has written to ATAGI, strongly refuting the "over-cautionary and misplaced reference" to a batch of vaccine manufactured in March 2024
 "Australia's advisory against rabies vaccine over-cautious: Manufacturer")
Listed firms' rent, lease costs fall since pandemic as biz grows faster
Business growth has been faster than these expenses
 "Listed firms' rent, lease costs fall since pandemic as biz grows faster")
Housing sales in seven cities fall 14% in 2025 but value rises 6%: Report
Growth in value driven by rising demand for luxury housing, it says
 "Housing sales in seven cities fall 14% in 2025 but value rises 6%: Report")
Food processing sector in India to log growth of 11-13% in FY26 and FY27
Rising demand for value-added dairy products is set to lift India's food processing growth to 11-13% in FY26-27, improving margins and credit profiles
 "Food processing sector in India to log growth of 11-13% in FY26 and FY27")
Domestic tourism, corporate travel may push room rates up in 2026
India's hospitality sector is set for steady growth in 2026, with hotel room rates rising as domestic tourism, corporate travel and MICE demand continue to outpace new supply across major markets
 "Domestic tourism, corporate travel may push room rates up in 2026")
2025 became a year of highs and headwinds for Indian travel industry
Next year will open with concerts by American rock band Linkin Park and singer John Mayer in January in Bengaluru and Mumbai, followed by the month-long ICC Men's T20 cricket World Cup starting in Feb
 "2025 became a year of highs and headwinds for Indian travel industry")
Restaurants brace for quieter New Year's Eve amid gig workers' strike plan
Eateries say delivery disruptions on Christmas hurt sales in key markets and worry a planned New Year's Eve strike by gig workers could deepen losses despite platform assurances
 "Restaurants brace for quieter New Year's Eve amid gig workers' strike plan")
CSR spending of 183 CPSEs surged 31% to record ₹6,437 crore in FY25
CSR spending by 183 CPSEs rose to a record Rs 6,437 crore in FY25 even as their net profit fell 9.6 per cent, with most outlay going to health, sanitation and poverty alleviation
 "CSR spending of 183 CPSEs surged 31% to record ₹6,437 crore in FY25")
Kalinganagar's grim anniversary: Progress evident, but unease persists
Once known for controversial land acquisition, the Kalinganagar industrial unit in Odisha now accounts for as much as 20% of approved new investments in the state. But for many locals, unease persists
 "Kalinganagar's grim anniversary: Progress evident, but unease persists")
China's grip on critical mineral refining continues, says WEF report
WEF says efforts to diversify critical mineral refining away from China are falling short, leaving supply chains exposed as demand rises from EVs, data centres and power grids
 "China's grip on critical mineral refining continues, says WEF report")
Active small business loans rise; total credit exposure hits ₹46 trillion
Aggregate small business credit exposure has reached Rs 46 trillion, an increase of 16 per cent as of September 30, a report said.
 "Active small business loans rise; total credit exposure hits ₹46 trillion")
Govt amends Colliery Control Rules to ease opening coal, lignite mines
Government has amended the Colliery Control Rules to remove the CCO's prior permission for opening coal and lignite mines, aiming to cut delays and simplify approvals
 "Govt amends Colliery Control Rules to ease opening coal, lignite mines")
Govt to prioritise steel output, raw material security as 2030 target nears
According to steel ministry data, India's steel output capacity rose from 97 MT in 2012-13 to 138 MT in 2017-18, and has since expanded steadily with significant brownfield and greenfield investments
 "Govt to prioritise steel output, raw material security as 2030 target nears")
India's water scarcity, state laws creating risks for beverage giants
India bars liquor movement across state borders without permits, forcing companies to set up production in each state despite water scarcity
 "India's water scarcity, state laws creating risks for beverage giants")
Retailers ramp up women hiring as sector reshapes frontline teams
The gender gap is widest in FMCG feet-on-street sales, where demanding travel, tough targets, low pay and poor facilities keep women below 5 per cent
 "Retailers ramp up women hiring as sector reshapes frontline teams")
New ship recycling rules kick in as India aligns with Hong Kong Convention
According to sector watchers, ship recycling and dismantling is getting increasingly concentrated in South Asia, with countries such as India and Bangladesh taking the lead
 "New ship recycling rules kick in as India aligns with Hong Kong Convention")
Mid-term exits by independent directors at highest level since 2017
Many from companies with less than ₹100 crore in mcap
 "Mid-term exits by independent directors at highest level since 2017")
Just 1 in 4 MSME pharma units set for GMP transition as deadline nears
Firms not complying with norms risk shutdowns once inspections begin next year
 "Just 1 in 4 MSME pharma units set for GMP transition as deadline nears")
Centrally funded infra projects see 21% cost jump in Oct as overruns mount
Among large infrastructure ministries (as per project count), the Ministry of Railways recorded a 17.8 per cent increase over original costs
 "Centrally funded infra projects see 21% cost jump in Oct as overruns mount")
China starts issuing licenses to import rare earth magnets into India
China has begun clearing export licences for rare earth magnets to India, easing supply disruptions for automakers and EV makers after months of delays caused by trade curbs
 "China starts issuing licenses to import rare earth magnets into India")