Page 14 - Industry News

FICCI reappoints GSK Velu as Tamil Nadu State Council chairman for FY26

Industry body FICCI has re-appointed healthcare entrepreneur GSK Velu as Chairman of its Tamil Nadu State Council for 2025-26, marking his fifth straight term at the helm of the council

Indian luxury brands on par with global peers in FY25, shows Tofler data

According to data sourced from business intelligence platform Tofler, global fashion houses like Christian Dior, Hermes, and Gucci have not crossed the ₹500 crore mark when it comes to revenue in FY25

Pesticide industry seeks tighter e-commerce rules to curb fake sales

Under current regulations, a Principal Authorisation Certificate is required for individuals or firms seeking a licence to sell, stock, exhibit for sale, or distribute pesticides

Centre urges power utilities to cut supply costs to ease burden on users

At present, ‍India ‍has extended a ‌complete waiver of inter-state transmission charges for electricity storage projects until June 2028

AI regulation in India should follow risk-based approach: Trai chairman

Trai Chairman Anil Kumar Lahoti said India should adopt a risk-based approach to AI regulation, with oversight limited to high-risk use cases while low-risk applications remain under self-regulation

Ticket bookings at ASI sites could go digital with BHIM UPI soon

Further, NPCI BHIM Services Ltd (NBSL), a subsidiary of NPCI, is in talks with a few public sector banks for collaboration to enable faster UPI payments through banks' application

India is in top tier of AI economies, not second rung: Vaishnaw at Davos

Speaking during a panel discussion at the World Economic Forum (WEF) annual meeting in Davos, Vaishnaw questioned the basis on which the IMF had drawn its assessment

Bank of Baroda collaborates with IIFCL to boost infrastructure financing

This partnership will accelerate the growth of key infrastructure projects being set up in India, the bank said in a statement

Telangana sets $25 billion investment goal under new life sciences policy

The policy was unveiled on the sidelines of the ongoing World Economic Forum in Davos, Switzerland, a press release said on Wednesday

Cabinet clears ₹5,000 cr equity infusion into Sidbi to boost MSME credit

The equity infusion into Sidbi will be provided over three years to strengthen its capital base and expand credit flow to MSMEs, with support expected to reach 2.6 million additional units by FY28

India's renewable growth sets example for global players: Ireda CMD

The way renewables have grown in India over the last decade, and more, is an example for any global player to learn from the ecosystem the government of India has built

AI fuelling rising demand for India's IT services globally: Wipro CEO

As budget constraints loosen, Wipro is bidding for several small AI deals alongside large- and mega-deals, Pallia said on the sidelines of the World Economic Forum's meeting

Centre likely to amend Sarfaesi Act for control over Central Registry

The Centre is considering amendments to the SARFAESI Act to clarify oversight of CERSAI, empower RBI, remove legal ambiguities, and improve credit enforcement and ease of doing business

Indian hospitality and travel sector sees surge in institutional capital

Institutional investors are increasing exposure to India's travel and hospitality sector, with deals like Warburg Pincus-Lemon Tree signalling confidence in asset-light growth and tourism demand

Professional courage must be rooted in competence: Nooyi to young women

At a Delhi fireside chat, Indra Nooyi urges young women to prioritise financial security, build courage rooted in competence, and rely on mentorship and sisterhood

India second-most preferred investment destination for CEOs: PwC survey

PwC's 29th CEO survey said 57% of Indian CEOs expect near-term revenue growth, but cite macroeconomic volatility and cyber risks as the biggest concerns, while AI adoption remains uneven

Indian travelers on the lookout for new international destinations in 2026

From Vietnam to Spain, Indian travellers in 2026 are chasing new destinations and personalised experiences, with Gen Z driving event-led trips around concerts, festivals and global sports

Govt hikes jute stock limits for mills, lowering cap for traders

The prices were raised from ₹58-60 per bag in September 2024 to ₹74 per bag in September 2025, and further to ₹87.20 per bag in January 2026

TCS, Infosys retain top positions in global IT brand value rankings

India stood toe-to-toe with the US in the global IT rankings, with both nations fielding eight firms each in the top 25 list

Centre to bring four more sectors under GHG emission reduction rules

The reductions are expected to be in accordance with the Greenhouse Gases (GHG) Emission Intensity Target Rules, 2025