Page 14 - Industry News
Just 10 Indians command nearly a fifth of ₹104 trn wealth: 360 One report
Joint report by 360 One and Crisil Intelligence identifies 3,040 Indians with wealth of at least ₹425 crore, with entrepreneurs dominating the list
 "Just 10 Indians command nearly a fifth of ₹104 trn wealth: 360 One report")
MHI holds pre-bid meeting for final 10 GWh ACC battery PLI allocation
Final tranche under the ₹18,100-crore PLI scheme is reserved for grid-scale energy storage systems to support renewable energy integration
 "MHI holds pre-bid meeting for final 10 GWh ACC battery PLI allocation")
Adventz joins West Bengal investment advent with ₹1,700 crore push
Adventz Group will invest ₹1,700 crore in West Bengal for a wagon plant and logistics park while expanding into defence, AI, renewables and real estate
 "Adventz joins West Bengal investment advent with ₹1,700 crore push")
Indian manufacturers back AI for growth but lag on innovation: PwC report
Report says Indian manufacturers are more optimistic about AI than global peers but warns weak innovation and poor technology integration could hurt long-term competitiveness
 "Indian manufacturers back AI for growth but lag on innovation: PwC report")
Regulatory hurdles eclipse tariff worries for pharma CXOs: Deloitte survey
Industry seeks AI-based submission tools and unified digital portals to accelerate approvals and compliance tracking
 "Regulatory hurdles eclipse tariff worries for pharma CXOs: Deloitte survey")
Led by iPhones, India sees highest Q1 smartphone exports by value
Based on April-June 2026 data, smartphone exports grew by 23.4 per cent, hitting $9.84 billion compared to $7.97 billion during the same period last year
 "Led by iPhones, India sees highest Q1 smartphone exports by value")
Only 9% of corporates say fresh graduates are Day-1 ready: Report
HirePro study finds a wide gap between corporate and student perceptions on job readiness, with most firms saying graduates need structured training before contributing
 "Only 9% of corporates say fresh graduates are Day-1 ready: Report")
Indian corporates to clock 9 pc aggregate revenue in FY27: Fitch
Fitch, however, said that some corporates could be vulnerable to a re-escalation of hostilities between the US and Iran, which could push up oil prices
 "Indian corporates to clock 9 pc aggregate revenue in FY27: Fitch")
AI data centres to add 26.3 GW to India's power demand by FY32: Govt
The estimate is nearly double the government's previous projection made in March, when the power ministry said electricity demand from data centres could reach 13.56 GW by FY32.
 "AI data centres to add 26.3 GW to India's power demand by FY32: Govt")
PMS industry AUM rises 1.8% to ₹43 trn in June, client base surpasses 220k
The growth continued to be driven by the discretionary segment, according to a report released by the Association of Portfolio Managers in India (APMI) on Tuesday
 "PMS industry AUM rises 1.8% to ₹43 trn in June, client base surpasses 220k")
Govt orders sugar dealers to limit stocks to 30 days and 4,000 quintals
The order would come into force with effect from August 1, 2026, and would remain in force up to November 30, 2026
 "Govt orders sugar dealers to limit stocks to 30 days and 4,000 quintals")
Animal influencers may be one up on humans, with lessons for advertisers
A report on the virality of animal pictures and videos points to an emerging trend in advertising
 "Animal influencers may be one up on humans, with lessons for advertisers")
Govt introduces Bill in RS to tackle payment delays faced by MSMEs
Union Minister for MSMEs Jitan Ram Manjhi introduced the Micro Small and Medium Enterprises Development (Amendment) Bill, 2026 in the Rajya Sabha
 "Govt introduces Bill in RS to tackle payment delays faced by MSMEs")
India's green hydrogen plans gain pace, but demand and costs pose hurdles
India's green hydrogen sector is gathering pace, but assured demand, enabling infrastructure, lower production costs and faster project execution will be critical to growth
 "India's green hydrogen plans gain pace, but demand and costs pose hurdles")
Flipkart supply chain arm Ekart opens logistics network to external brands
Established in 2009, Ekart operates over Grade-A warehouses across over 20 locations and deploys more than 14,000 trucks daily, delivering across 15,000-plus pincodes nationwide
 "Flipkart supply chain arm Ekart opens logistics network to external brands")
Tata Communications, TTBS unveil AI platform for smaller enterprises
The unified platform will combine Tata Communications' cloud and conversational AI capabilities with TTBS' voice infrastructure to help smaller enterprises adopt AI
 "Tata Communications, TTBS unveil AI platform for smaller enterprises")
Telecom subscriber base rises to 1.3 bn in June, Airtel leads growth: Trai
India added 6.2 million telecom subscribers in June, taking the total base to 1.348 billion, with Bharti Airtel and Reliance Jio contributing nearly 87% of the net additions, according to Trai
 "Telecom subscriber base rises to 1.3 bn in June, Airtel leads growth: Trai")
Oyo-parent Prism announces expansion, adds 40 premium hotels in UK
The UK expansion aims to strengthen Prism's global premium footprint across the West Asia, Europe, and the United States
 "Oyo-parent Prism announces expansion, adds 40 premium hotels in UK")
Lloyds Realty secures ₹600 crore rental revenue from Smartworks deal
The developer has leased the entire 182,300 sq ft of its Andheri East commercial tower, The Square, to Smartworks for 15 years
 "Lloyds Realty secures ₹600 crore rental revenue from Smartworks deal")
Fermenta Biotech expands plant-based Vitamin D3 capacity at Dahej plant
Dahej facility to begin commercial production in FY28; company targets nutraceuticals, functional foods and import substitution