Page 154 - Industry News
Goa real estate, hotel tariffs see 15-20% correction amid tourist surge
The substantial correction in real estate rates across Goa is a trend that analysts believe is part of a 'healthy cycle' that would create stronger foundations for growth in the future
 "Goa real estate, hotel tariffs see 15-20% correction amid tourist surge")
Govt has met industry needs, now India Inc must expand: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman said the government has delivered reforms, urges companies to invest, expand production, and partner in skilling youth for India's growth
 "Govt has met industry needs, now India Inc must expand: Nirmala Sitharaman")
Indian industry must join journey toward developed nation: N Chandrasekaran
He also stressed the need to develop the entire ecosystem across all stakeholders
 "Indian industry must join journey toward developed nation: N Chandrasekaran")
FMCG firms may shift to new GST regime without changing current price tag
The govt could allow discounts to be reflected in the invoice during the transition
 "FMCG firms may shift to new GST regime without changing current price tag")
Lupin gets USFDA nod for generic cancer drug Lenalidomide capsules
Lupin has received USFDA approval for generic Lenalidomide capsules in six strengths, adding to competition in the US oncology market for Bristol-Myers Squibb's Revlimid
 "Lupin gets USFDA nod for generic cancer drug Lenalidomide capsules")
BlackBuck to ditch Bengaluru's tech corridor over crumbling roads
Poor roads, traffic snarls and metro delays fuel frustration among tech firms and citizens
 "BlackBuck to ditch Bengaluru's tech corridor over crumbling roads")
Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals
These 40 gigawatt (GW) includes both solar and wind capacity projects, one of the sources said
 "Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals")
NHAI may raise up to ₹35K cr-40K cr in FY26 via TOT, Invit: Icra
Icra projects NHAI could raise Rs 35,000-40,000 crore in FY26 via TOT and InvIT asset monetisation, exceeding the Rs 30,000 crore target and adding to its Rs 92,633 crore raised till FY25
 "NHAI may raise up to ₹35K cr-40K cr in FY26 via TOT, Invit: Icra")
The Big Short: Micro-dramas grow into $8 bn global business led by China
Micro-dramas are now a $26 bn global business, with China leading at $9.4 bn. India's start-ups are entering the race but the market size remains undefined
 "The Big Short: Micro-dramas grow into $8 bn global business led by China")
Bank OTS scheme not a borrower's right without upfront payment: SC
Apex court rules SBI justified in rejecting OTS plea for non-compliance with 5% deposit condition
 "Bank OTS scheme not a borrower's right without upfront payment: SC")
More speed, accuracy: AI a booster shot for hospitals, diagnostic companies
Hospital chains like Apollo and Aster lead the way as AI boosts accuracy, cuts costs, and transforms patient outcomes
 "More speed, accuracy: AI a booster shot for hospitals, diagnostic companies")
India's data centres may become 2nd-biggest power buyer in Apac region
The massive growth of data centres can be reflected in the fact that global as well as local players have announced investments of US $ 32 billion in the last two years in this space
 "India's data centres may become 2nd-biggest power buyer in Apac region")
ER&D sector could nearly double to $100 billion in 5 years: Nasscom
Kishor Patil of Nasscom's ER&D Council said India's engineering R&D sector could grow from $56 bn to $100 bn in five years, led by auto, aerospace, semiconductors and GenAI adoption
 "ER&D sector could nearly double to $100 billion in 5 years: Nasscom")
Reliance on MNCs for strategic audits and consulting must be reduced: MCA
MCA seeks views on regulatory reforms to build Indian multidisciplinary firms and reduce dependence on global Big Four networks
 "Reliance on MNCs for strategic audits and consulting must be reduced: MCA")
Amazon's non-disclosure a fraud on CCI, regulator tells Supreme Court
CCI told the Supreme Court that Amazon's failure to disclose deal information under the Competition Act amounted to fraud, as the SC hears its appeal against a ₹200 crore penalty
 "Amazon's non-disclosure a fraud on CCI, regulator tells Supreme Court")
CBDT issues SOP to track capital gains from JDAs, reports due Oct 31
CBDT has issued an SOP for field officers to track capital gains from JDAs using RERA data, cross-checking with ITRs and requiring reports to be submitted by October 31, 2025
 "CBDT issues SOP to track capital gains from JDAs, reports due Oct 31")
Govt clears 5 projects under new geothermal energy policy, eyes subsidies
The government has cleared five geothermal energy projects under its first policy, with potential subsidy support and global collaborations to boost clean energy development
 "Govt clears 5 projects under new geothermal energy policy, eyes subsidies")
NHAI to treat unauthorised subcontracting in highway projects as fraud
NHAI has redefined norms for highway contractors, classifying unauthorised subcontracting as fraud and tightening rules on work experience claims and third-party securities
 "NHAI to treat unauthorised subcontracting in highway projects as fraud")
Steel ministry clears ₹5,000 cr scheme to boost low-emission operations
The steel ministry has approved a Rs 5,000 crore scheme to promote low-emission steel, with 80% of funds directed to the secondary sector and incentives linked to emission cuts
 "Steel ministry clears ₹5,000 cr scheme to boost low-emission operations")
AI and automation top priorities for Indian corporate treasuries: EY
EY India's 2025 corporate treasury survey shows leaders moving from AI pilots to real-world applications, with automation and digital fluency at the core
 "AI and automation top priorities for Indian corporate treasuries: EY")