Page 150 - Industry News
Several FMCG brands are ditching 'magic' price points: Here's what they are
Following the rationalisation of rates under the new GST reforms, most daily-use items have shifted to the lower 5 per cent tax slab, creating a challenge for FMCG firms
 "Several FMCG brands are ditching 'magic' price points: Here's what they are")
GST rate cut draws shoppers to electronics stores, sales stir slowly
However, sales are yet to see a significant pick-up
 "GST rate cut draws shoppers to electronics stores, sales stir slowly")
IT sector hit by tariffs, visas, AI, geopolitics: Can it weather the storm?
US tariffs, visa issues, geopolitical tensions, and AI disruption have plunged the IT services industry into an uncertain period
 "IT sector hit by tariffs, visas, AI, geopolitics: Can it weather the storm?")
Brigade Group inks 7.5-acre Banashankari project worth ₹1,200 crore
Brigade Group has signed a joint development agreement for a 7.5-acre residential project in Banashankari, Bengaluru, with a GDV of Rs 1,200 crore, adding to its housing pipeline
 "Brigade Group inks 7.5-acre Banashankari project worth ₹1,200 crore")
H-1B visa diktat: Lobbyists of top Indian IT companies in Washington
Emails sent to TCS, Infosys, Wipro, HCLTech, Meta and others remained unanswered
 "H-1B visa diktat: Lobbyists of top Indian IT companies in Washington")
Shifting work back home to cut H-1B visa need: IT companies to govt
The companies had discussions with the government after the US administration announced a sharp hike in H-1B visa fees to a staggering $100,000
 "Shifting work back home to cut H-1B visa need: IT companies to govt")
Trump's H-1B visa shock: IT deals likely to be revised after new rules
Experts say that such prohibitive costs may force IT services companies to keep their prospective visa employees in India
 "Trump's H-1B visa shock: IT deals likely to be revised after new rules")
No player close to WhatsApp in terms of revenue, assets: CCI to NCLAT
CCI argued before NCLAT that WhatsApp's dominance stems from its vast user base and unmatched revenues, defending its Rs 213.14 crore fine on Meta over the 2021 privacy policy
 "No player close to WhatsApp in terms of revenue, assets: CCI to NCLAT")
IT firms in a flux over H-1B visa fees, but levers exist to mitigate impact
Analysts say Indian IT firms can offset the impact of the $100,000 H-1B visa fee through higher offshoring, reduced new applications, and client cost sharing over the medium term
 "IT firms in a flux over H-1B visa fees, but levers exist to mitigate impact")
DGTR recommends anti-dumping duty on Chinese electrical steel for 5 years
In its final findings, the Directorate General of Trade Remedies (DGTR) has concluded that the product has been exported to India at a price below the normal value, resulting in dumping
 "DGTR recommends anti-dumping duty on Chinese electrical steel for 5 years")
BIF writes to DoT, seeks de-linking of indoor and outdoor WiFi use cases
Earlier this year, in May, the DoT released the draft rules to delicense the 5925-6425 MHz portion of the 6 GHz spectrum band
 "BIF writes to DoT, seeks de-linking of indoor and outdoor WiFi use cases")
GST 2.0: BJP leaders celebrate, opposition alleges 'undue credit'
Congress accused that the 'limited' reform comes eight years too late; Vaishnaw pointed to the significantly higher tax rates under the UPA government
 "GST 2.0: BJP leaders celebrate, opposition alleges 'undue credit'")
Pumped hydro capacity to cross 10 GW yearly from FY29, says CEA chief
CEA chairperson Ghanshayam Prasad said India will add 2.8 GW pumped hydro annually till 2027 and over 10 GW a year from 2028-29 to reach 57 GW capacity by 2032
 "Pumped hydro capacity to cross 10 GW yearly from FY29, says CEA chief")
Govt plans 13 GW annual hydro storage push from FY29 to meet 50 GW target
Ghanshyam Prasad, Chairperson of Central Electricity Authority (CEA), made the remarks at the 'Conference on Energy Storage - Driving the Clean Energy Transition' in the national capital
 "Govt plans 13 GW annual hydro storage push from FY29 to meet 50 GW target")
Uttar Pradesh MSME loans rise more than 20% to ₹2.48 trillion in FY25
The Yogi Adityanath government has been nudging banks to ease the flow of credit to MSMEs for catalysing the state's industrial development potential and creating local jobs.
 "Uttar Pradesh MSME loans rise more than 20% to ₹2.48 trillion in FY25")
AERB transfers approvals for Mahi-Banswara to Anushakti Vidyut Nigam
Prime Minister Narendra Modi is scheduled to lay the foundation stone for the Mahi-Banswara Rajasthan Atomic Power Project (MBRAPP) on September 25
 "AERB transfers approvals for Mahi-Banswara to Anushakti Vidyut Nigam")
Smartphone exports to US decline 58% to $964.8 million: GTRI report
It said that the development is alarming and counter-intuitive as there are no tariffs on smartphones
 "Smartphone exports to US decline 58% to $964.8 million: GTRI report")
US tariff impact: Cut and polished diamond exports to fall 17-20% in FY26
India processes over 90 per cent of the world's polished diamonds by volume and exports nearly 47 per cent of the country's total gems and jewellery exports
 "US tariff impact: Cut and polished diamond exports to fall 17-20% in FY26")
Ministry issues draft rules allowing CCO to regulate proposed coal exchange
The draft further said that the recent policy reforms in the coal sector has resulted in selfsufficiency and increased availability of the dry fuel in the country
 "Ministry issues draft rules allowing CCO to regulate proposed coal exchange")
Indian IT investing $1 bn in US talent as H-1B fee hike looms: Nasscom
Nasscom says $100,000 H-1B visa fee from 2026 will have a limited effect as Indian IT firms invest $1 bn in US upskilling and local hiring, reducing dependence on visas
 "Indian IT investing $1 bn in US talent as H-1B fee hike looms: Nasscom")