Page 14 - Industry News

World Bank Group mobilises $36 bn in India in 4 yrs, $9.6 bn for MSMEs

Private capital mobilisation by the Group rose nearly five-fold to $14.5 billion in FY26 from $3 billion in FY22, with guarantees helping reduce investment risks and attract funding

Odisha needs ₹1.1 trn to expand renewable energy, storage and grid infra

The state needs to add 10.7 GW of renewable capacity by 2035-36, along with pumped storage, battery storage and transmission upgrades, an IEEFA report said

Govt mandates caller name display from Nov 1: Here's what the new rules say

The government has mandated caller name display from November 1, 2026. The service will show callers' names alongside their numbers, with specific rules for domestic, international and business calls

Meet Prem Watsa, the Canadian billionaire behind Fairfax's IDBI bet

Known as Canada's Warren Buffett, the Hyderabad-born investor has made India a long-term bet, with the proposed IDBI Bank acquisition marking his latest big move

Ecom order volumes rise 31% in first week of festival sales: Unicommerce

Amongst geographies, Tier-III towns recorded the highest share of overall e-commerce orders, accounting for 42 per cent of the total orders during this period

Canara Bank Q2 profit rises 8.4%, treasury income drop weighs on growth

Canara Bank's Q2 net profit rose to Rs 5,175 crore as net interest income grew 20.4 per cent and provisions fell, while treasury income declined 68.5 per cent year-on-year.

Ahead of Starlink in queue for satcom nod, says Sunil Bharti Mittal

Bharti Enterprises' chairman said OneWeb applied five years ago and has had its ground network ready for three years, arguing it is ahead of Starlink in the queue

India positioning itself as trusted global supply chain partner: Vaishnaw

The Union minister said cost alone no longer drives supply-chain decisions, with trust, cybersecurity and resilience becoming central to global technology partnerships

Alternative accommodation gains ground among Indian travellers: Report

A Booking.com and VIDEC report projects India's alternative accommodation gross booking value to reach $4.7 billion by FY29, with business travel and smaller cities driving growth

Gems and jewellery exports rise 9.43% to $2.95 billion in September

In the first half of FY27 (April-September) the overall gems and jewellery exports reached $ 14.30 billion, up 3.07 per cent year-on-year from $13.87 billion

Leela Palaces Hotels Q2FY27 profit rises 27% to ₹94.6 crore, revenue up 33%

Leela Palaces Hotels & Resorts reported Q2FY27 net profit of Rs 94.6 crore as operating revenue rose 33 per cent and revenue per available room increased 30 per cent.

Electricity data sharing framework to launch this month: Power secy

The framework aims to unify fragmented power sector data through a standardised digital architecture, with machine-readable datasets and secure APIs for authorised users

Bhumika Realty sees Faridabad land investment topping ₹1K cr by March 2027

Bhumika Realty expects its Faridabad land investment to exceed Rs 1,000 crore by March 2027, including over Rs 550 crore invested in the city during the past 12 months.

Housing demand up 8.2% in Q2FY27 on festive cheer: Magicbricks report

Magicbricks' PropIndex report showed housing demand rose 8.2 per cent in July-September 2026, with premium homes gaining traction, though demand stayed below year-ago levels

India hotel investments jump 197% in H1 2026; developers lead activity

Transaction volumes touched $497 million in the first half, with IBC-led deals accounting for 58 per cent and Tier-II and Tier-III cities capturing 60 per cent

Nexon Geochem to set up ₹1,250 crore rare-earth magnet plant in Andhra

The development comes at a time when India is seeking to build a domestic ecosystem for critical minerals and reduce its dependence on imported rare-earth permanent magnets

Govt to roll out data centre policy as concerns grow over power use

The move follows protests by residents in cities such as Mumbai and Visakhapatnam against data centres planned by Amazon and Google over concerns including water and electricity use

India needs ₹15 trillion investment to add 91 GW nuclear capacity by 2047

CEA Chairman Ghanshyam Prasad said India must add 91 GW of nuclear capacity and attract deep private sector participation to meet its 100 GW target

India found itself 'let down miserably' during Covid, says Piyush Goyal

Goyal said India was left without essential equipment during the pandemic, prompting the push for self-sufficiency

Global turbulence to rise in coming years from AI, debt risks: Vaishnaw

Technology will remain a highly globalised field, he emphasised, adding that global value chains will be multi-border, multi-country, and multi-geography, reflecting the nature of the industry itself