Page 11 - Industry News

Nasscom asks IT firms to avoid travelling to West Asia, allow WFH

The current situation in the Middle East is marked by a sharp escalation in geopolitical tensions amid the escalating US-Iran conflict

Exporters seek demurrage waiver as West Asia disruptions delay cargo

Airport demurrage charges are fees on cargo or baggage at an airport terminal being kept beyond the allowed free period

Top 5 listed realtors' sale bookings up 20% at ₹84,000 cr in Apr-Dec FY26

According to the data compiled from regulatory filings, the total combined sales bookings or pre-sales of 28 major listed realtors stood at ₹1,32,569 crore during April-December period of 2025-26

Billionaire Nirmal Jain bets on India's wealth boom to hire, woo assets

IIFL Capital Services Ltd.'s wealth book of about ₹60,000 crore ($6.6 billion) will expand 80 per cent to 100 per cent over the next 24 months, Jain said

GIC Re to withdraw marine hull war risk cover in high-risk regions

Reinsurer withdraws marine hull war risk cover across key global hotspots, including West Asia and parts of the Black Sea, citing rising geopolitical tensions

TCS, Infosys, Wipro and others issue advisories for employees in West Asia

Indian IT majors including Tata Consultancy Services, Infosys and Wipro suspend travel and urge staff in West Asia to stay indoors as the US-Israel-Iran conflict shuts airspace across the region

Power consumption grows marginally by 1.86% to 132.99 bn units in Feb

According to the government data, the peak power demand met or the highest supply during February, also rose slightly to 243.15 GW from 238.06 GW recorded in February 2025

West Asia crisis: Govt, exporters to meet on Monday to review trade impact

Exporters have expressed serious concerns that the war will affect trade routes through the Strait of Hormuz and the Bab el-Mandeb Strait

Domestic travel surges ahead of Holi as bookings jump across categories

Flight, bus and hotel bookings are rising sharply ahead of Holi, with strong tier-II and III demand and a surge in destination searches as travellers plan extended festive getaways

Semicon 2.0 to boost deep tech startups, create design ecosystem: Vaishnaw

Vaishnaw said that the top priority for Semicon 2.0 - the second phase of India's Semiconductor Mission - will be to create a "design ecosystem

Mumbai sees best Feb property sales in 14 yrs with 13,000+ registrations

Mumbai logged 13,029 property registrations in February 2026, the strongest performance for the month in 14 years, with stamp duty collections rising 21 per cent, Knight Frank India said

Nvidia partners with telecom firms to make sure 6G networks embrace AI

Nvidia is teaming up with a group of telecommunications companies including Nokia Oyj, SoftBank Group Corp. and T-Mobile US Inc

Paintmakers flag intense competition; pin hopes on demand recovery in Q4

The markers also pointed out the impact of a shorter festive period, along with a prolonged monsoon, on sales in the December quarter

PM Modi inaugurates Micron ATMP unit; Sanand plant starts production

The Micron ATMP facility was the first project approved by the government in 2022 under the ambitious ₹76,000 crore India Semiconductor Mission

Iran conflict to push freight, insurance costs up: Indian exporters

Federation of Indian Export Organisations (FIEO) President SC Ralhan said the ongoing conflict has already begun to disrupt established global logistics channels

Payments Council of India writes to FM raising concern on Fino CEO arrest

The outreach comes at a time when FM Sitharaman on social media platform X took note of the issue and said she will check on it

India making its mark in hardware: PM Modi at Guj chip plant inauguration

The plant will manufacture SSD (Solid State Drive) storage devices as well as RAM type DRAM and NAND products, stated a government release

MOL in talks with Indian OMCs for joint ownership of oil carrier vessels

Mitsui O.S.K. Lines is holding talks with Indian OMCs for joint ownership of oil carriers as it plans to expand its India-flagged fleet by 60-70% amid rising focus on domestic shipbuilding

Digital connectivity readiness: Trai proposes 9-level ratings for buildings

Trai proposes expanding digital connectivity ratings to nine levels with half-star tiers, adds design-stage certification for under-construction properties and revises categories for assessment

Coal India gears up to meet peak summer power demand, assures ample stocks

CIL's producing subsidiaries were holding 115 million tonnes (MT) of coal at pitheads as of February 26, 2026, a figure expected to rise further by the close of the fiscal year