Page 115 - Industry News

Bandra Bay to see launch of luxury housing projects worth ₹1 trn: Report

Lighthouse Luxury and data analytics firm CRE Matrix have released a joint report 'Why Bandra Bay is Mumbai's Most Iconic Waterfront Investment'

Govt says India's renewable energy sector has entered consolidation phase

Government says renewable sector is transitioning from rapid expansion to a consolidation phase, focusing on grid integration, dispatchable energy, and market reforms

RBI warns cheap steel imports, dumping threaten India's domestic producers

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping

India's online retail reliance easing; electronics still lead: Report

Home and furniture, along with fashion, fell into the moderately seasonal bracket, showing distinct but less extreme festive peaks

Premium products, fast deliveries fuel ecommerce boom during Diwali

Amazon, Flipkart, Instamart, Zepto report sales surge across smartphones, gold coins

Surge in wellness travel in India pushes category into mainstream

Hotels catering to wellness see 15% spike in room rates vs 2024

Meity for inclusion of rare-earth magnet recycling in PLI scheme

The IT ministry has urged the heavy industries ministry to expand the proposed PLI scheme for rare earth permanent magnets to promote recycling, citing India's growing e-waste challenge

China challenges India's EV, auto PLI schemes at WTO over trade rules

According to a communication of the Geneva-based WTO, China has sought consultations with India on these measures under WTO's dispute settlement mechanism

Temporary lull in business not cessation, deductions allowed: Supreme Court

Apex court says firms remain 'in business' for tax purposes even during temporary inactivity if efforts to continue operations are evident

QCOs meant to help firms match global standards end up hurting some

The number of Quality Control Orders has seen a quantum jump since 2019, but many of them have ended up unintentionally hurting, instead of helping, industry

India's nuclear power push to 100 GW by 2047 hinges on reforms, funding

A government panel says India needs Rs 19 trillion investment, policy clarity, and private participation to reach its 2047 target of 100 GW nuclear capacity

GST reforms may flood India with paper imports, warns industry body IPMA

Indian Paper Manufacturers Association (IPMA) President Pawan Agarwal, in a statement, said that with the recent GST changes, India risks becoming a further dumping ground for cheaper paper

Industrial, warehousing space leasing hits record high 37 mn sq ft: Report

Mumbai and Kolkata registered space take-up of 4.2 million sq ft and 3.8 million sq ft, respectively

Diwali 2025 sales hit a record ₹6.05 trn, Indian goods see 25% rise: Cait

Among various sectors, fast-moving consumer goods (FMCG) accounted for the largest share of total sales at 12 per cent, followed by gold & jewellery at 10 per cent, electronics at 8 per cent

India's coal imports drops 0.6% to 20.58 MT in August, coking coal rises

During April-August FY26, non-coking coal import was at 72.17 MT, lower than 78.68 MT imported during the same period last fiscal

Australia lifts ban on imports of unpeeled Indian prawn: Nara Lokesh

Australia has granted its first import approval for unpeeled Indian prawns, ending a years-long restriction and giving a major boost to India's seafood export sector

US trans-shipment tariff to create compliance issues for firms: Moody's

Moody's, in its 'Trade Asia-Pacific' report, said it remains unclear how the Trump administration defines trans-shipment, but the measures appear to target products originating in China

RIL buys West Asian crude amid Western pressure against Russian flows

While Reliance's typical diet does include crude from the region, the recent spurt of buying was more active than usual

Amazon's AWS cloud service restored after global outage disrupts businesses

AWS hosts applications and computer processes for companies around the world, and the disruption knocked workers from London to Tokyo offline and halted others from conducting normal everyday tasks

Hiring lags investment as firms boost capex on automation, machinery

The 10 sectors in terms of factory employment showed a median 12.6 per cent increase in fixed capital, which includes plant and machinery, land and other long-term assets after depreciation