Page 12 - Industry News

NX group targets $380 mn India revenue in 2 years: Katsuhito Kobayashi

Japanese logistics major plans a dedicated semiconductor facility in Gujarat in 2027 and will train its Indian staff to handle specialised chip logistics

No coal shortage, says Reddy; plants with critical stocks rise to 82

Thermal power plants had 21.8 million tonnes of coal stocks, around 37 per cent of the normative requirement, as the number of plants with critical stocks rose to 82

Large-format malls to drive India's retail expansion through 2031: JLL

Developers are set to add 51.1 million sq ft of retail space over the next five years, taking India's total shopping mall stock to 143.2 million sq ft by 2031

Real estate capital inflows hit record $9.5 bn in Q3 on data centre demand

Foreign investors accounted for around 59 per cent of total inflows during the quarter, while institutional investors contributed about 79 per cent, according to CBRE

Housing sales rebound in Q3 2026, office leasing momentum continues

Housing sales across the top seven cities rose to 100,220 units in Q3 2026, while office leasing increased to 18.7 million square feet, according to Anarock and Colliers

Mining and construction equipment industry to grow 8-10% in FY27: Icra

Industry volumes are expected to reach 1.5 lakh units in FY27, but higher steel, logistics and imported component costs could reduce operating margins

Supreme Court allows forensic audit in Fortis-IHH Healthcare unit case

Fortis Healthcare had filed a petition against an order that directed the appointment of a forensic auditor into alleged asset dissipation by former promoters, or controlling shareholders, of Fortis

Labour Minister Mandaviya calls for continuous reskilling amid AI boom

Union Minister Mansukh Mandaviya called for meaningful social dialogue between employers and workers, particularly as new technologies reshape the world of work

Airbnb, Tourism Ministry sign MoU to strengthen India's homestay ecosystem

The two-year partnership will focus on host training, digital onboarding and destination promotion to support homestay owners and emerging tourism destinations

India's merchandise exports rise 15% this fiscal till Sep 21: Goyal

Merchandise exports have risen 15 per cent till Sept 21 during this fiscal year despite global economic uncertainties triggered by the ongoing wars, Commerce and Industry Minister Piyush Goyal said

SUJÁN enters Africa, acquires Chiawa Camp and Old Mondoro in Zambia

The luxury hospitality major plans to more than double its portfolio over the next four years through selective expansion aligned with its conservation values

India's 4G smartphone shipments set to grow 3% in 2026 despite market slump

India's 4G smartphone market is showing signs of recovery in 2026, with shipments set to grow three per cent year-on-year, staging quite a comeback from a 48 per cent drop suffered in 2025

IFC to invest $70 million in shore power project at Jawaharlal Nehru Port

The project will allow ships berthed at JNPA to switch off diesel engines and connect to land-based electricity, cutting carbon emissions and air pollution

Why ACs, TVs and smartphones are set to get costlier before Diwali

From copper and aluminium to memory chips and freight, several cost pressures are converging just before India's biggest shopping season

Festive season hiring: Here are 5 job roles likely to see strongest demand

Delivery and warehouse roles are top employers' festive hiring demands, while workers seek higher pay, flexible hours and opportunities that could lead to long-term employment, an Indeed survey found

Employers start festive hiring early, look to retain workers beyond peak

Nearly seven in 10 employers began or expect to begin festive hiring by September, while 74% expect to retain at least 10% of seasonal hires beyond the peak period, according to a survey by Indeed

India to add up to 50 GWh battery storage capacity over next 2 yrs: Crisil

Battery storage deployment is set to rise sharply from 1 GWh in FY26 as renewable energy expands and storage-linked projects gain a larger share of government auctions

Tata Projects, MDS Aero to develop aero-engine testing infra in India

The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem

IndusInd Bank launches dedicated banking vertical for GCCs in India

India now has 2,117 GCCs and the ecosystem has grown 32 per cent since FY 2021 -- underscoring the country's growing importance as a global capability hub

No coal shortage despite higher power demand, monsoon disruptions: Reddy

Reddy said the temporary disruptions should not be construed as a coal shortage and asserted that the overall situation was normal