Page 12 - Industry News

Nalco faces ₹28.6 lakh fine from NSE, BSE over Sebi non-compliance

The two exchanges imposed a penalty of Rs 14.31 lakh each for violations related to the composition and functioning of the company's board and committees

AI leads salary growth in India as employers pay more for scarce skills

AI leads salary growth in India as employers pay more for scarce skills

Agentic AI could improve corporate cash forecast accuracy to 90%: EY

EY India says treasury teams spend up to 70% of their time on manual work, while agentic AI could improve cash forecast accuracy to as much as 90%

India's ecommerce market to hit $345 bn by 2030, dark stores to triple

The report highlights that the country's dark store network is set to nearly triple from 2,525 in 2025 to approximately 7,500 by 2030 to meet the surging demand for rapid deliveries

Gen Z missing career opportunities due to fear of being judged: Report

India's Gen Z professionals have grown up constantly connected online, but 83 per cent hesitate to interact or network with the people who could help them in their careers=

Food safety crackdown on dirty kitchens rides wave of online anger in India

Violations discovered during recent raids include infestations of flies, rats and cockroaches, expired or adulterated raw ingredients and improper storage

JioHotstar enters UK, Canada and Singapore as it expands global footprint

Streaming platform offers over 160,000 hours of content in more than 12 languages as it targets the South Asian diaspora and broader audiences in three markets

NHAI receives 17 bids for Odisha coastal highway corridor

The 160-km access-controlled Rameshwar-Paradeep corridor will be built in two packages under HAM and is expected to cut travel time by two-and-a-half hours

'Maharashtra power utility financially comfortable post demerger'

Maharashtra has a substantial agricultural load from around 48 lakh agriculture consumers, accounting for almost 30 percent of the total electricity consumption

Ujjivan SFB CEO Sanjeev Nautiyal seeks early retirement on health grounds

Cites health issues; Executive Director Carol Furtado to take interim charge

InsuranceDekho, RenewBuy merge to form largest AI-led insurance platform

Combined entity has a premium book exceeding Rs 6,600 crore, over 6 lakh digital partners and a presence across 98.57 per cent of India's pin codes

FMCG distributors demand stricter storage norms for qcom dark stores

AICPDF seeks mandatory norms linking SKU capacity with storage space, along with standards for ventilation, sanitation, temperature control and food segregation

IT services hiring demand hits 18-month high in September: Xpheno

Active demand in IT services has risen to 57,000 roles, with mid-senior and senior positions accounting for nearly 60 per cent as employers prioritise AI, cloud and digital skills

Construction equipment industry raises FY27 growth forecast to 9-12%

Improved infrastructure project execution prompts the CE industry to lift its FY27 domestic sales growth forecast; exports are expected to rise around 30 per cent

450,000 and counting: Passenger vehicle dispatches set August record

Wholesales jump nearly 40% on weak base as firms project festival boost

NCLT stays Subhash Chandra repayment order, directs fresh hearing

Five-member bench finds no definitive majority in earlier proceedings, stays approval of Chandra's repayment plan and bars him from transferring properties

SpaceX to set up Turbine Blade Foundry in Texas to Meet AI Power Demand

Commercial space firm SpaceX is constructing a specialised in-house foundry to manufacture high-spec gas turbine blades and vanes, CEO Elon Musk confirmed.

Tata Consumer Products acquires additional 5% stake in Capital Foods

Tata Consumer Products acquires additional stake from Wildflower Private Trust, taking its holding in the Ching's Secret and Smith & Jones maker to 80 per cent

India's LPG consumption plunges 16% in Aug; petrol, diesel demand robust

LPG consumption fell 16.15 per cent year-on-year in August amid import pressures, while petrol and diesel demand rose 7.88 per cent and 6.46 per cent, respectively

United Breweries to commission Maharashtra canning line for ₹110 crore

New canning line at Ellora Brewery will have a capacity of 40,000 cans per hour and is expected to become operational in September, subject to statutory approvals