Page 123 - Industry News

GST cuts boost spending; festive, wedding season sales to cross ₹7 trn

The Centre said that the timing of the GST cuts just before the festival and wedding season proved ideal, boosting consumer sentiment across sectors

Added electronics consumption of ₹20 trn likely due to GST rejig: Vaishnaw

He was speaking at a joint press conference with Finance Minister Nirmala Sitharaman and Commerce and Industry Minister Piyush Goyal on savings due to GST reforms

Top cities see lowest office vacancies in years amid business expansion

The growth was driven by strong leasing activity and robust net absorption, as companies expanded their workforce and office space in major cities

'India won't be buying Russian oil anymore': Trump reiterates claim

Earlier this week, Trump claimed that PM Modi assured him that India would stop buying oil from Russia, a move he described as "a big step" in Washington's efforts to isolate Moscow

After hotels, online travel portals come under GST department lens

After probing hotels for GST underpayment, authorities now seek booking-level data from online travel portals to check possible double taxation

PVR Inox banking on diverse genre and Hollywood films for growth

Net profit was back in black during Q2, driven by steady flow of films, higher admissions

HCLTech emerges fastest growing IT company amid global headwinds

Indian IT services post lacklustre Q2 growth; HCL leads with 4.6% CC growth, while AI and contract wins shape cautious outlook for FY26

Mines ministry unlikely to cap bid premium in critical mineral auctions

The mines ministry rules out any move to limit bid premiums for critical minerals, even as aggressive offers raise questions over their commercial viability

Rajesh Nambiar remains confident as AI, Trump test India's tech sector

Lunch with BS: Meet Rajesh Nambiar, President, Nasscom

Risdiplam generic drug case: SC rejects Roche plea against Natco pharma

The Supreme Court upheld Delhi HC's interim order allowing Natco Pharma to manufacture and sell a generic version of Roche's spinal muscular atrophy drug Risdiplam

Gourmet mithai glitters this Diwali, some priced beyond Rs 1 lakh a kg

From gold-infused barfi to Biscoff peda, sweet-makers across India are reinventing traditional mithai with luxurious twists

India-Japan Fund invests ₹500 crore in electric vehicle maker Eka Mobility

The investment by NIIF-managed India-Japan Fund will help Eka Mobility scale manufacturing, boost R&D, and expand its global footprint in the EV segment

India's logistics cost to reduce to single digit by December: Gadkari

Presently, the size of the US automobile industry is Rs 78 lakh crore, followed by China (Rs 47 lakh crore) and India (Rs 22 lakh crore)

Govt reopens PLI scheme application window for white goods till Nov 10

The application window for round four, originally open from September 15 to October 14, has been extended in view of the strong industry response and increasing investment appetite under the Scheme

Number of GCCs to rise to over 2,500 by 2030 from current 1,700: ICRA

To sustain the leadership position, Agarwal, however, said there is a need for collaboration between real estate, government, and industry to build infra and frameworks at the speed of this ambition

Govt working on steps to improve supply of rare earth minerals: Goyal

Critical or rare earth minerals such as copper, lithium, nickel, and cobalt are essential raw materials which have applications in various industries ranging from electronic goods to fighter jets

House of Hiranandani to invest ₹500 cr for premium office tower in Andheri

The one-acre Andheri project will add 400,000 sq ft of leasable space as House of Hiranandani expands its Mumbai commercial footprint; JLL India advised the transaction

India's smartphone exports to US fly high, retreat in top European markets

An interplay of smartphone makers' decisions and government trade policies could be the reason for trend

Diwali through the ages: From harvest roots to LED-lit celebrations

Once marked by the simple lighting of diyas and modest home decorations, Diwali today is synonymous with affluence and high consumer demand

Centre refuses deadline extension for pharma firms after Coldrif deaths

The decision to turn down requests from drug manufacturers for more time came after it was highlighted that Sresan Pharmaceutical, the company that produced Coldrif, did not upgrade its facilities