Page 16 - Industry News

Mumbai ranks 8th globally as prime home prices up 6.2% in Q2: Knight Frank

Mumbai ranked eighth in Knight Frank's Prime Global Cities Index in Q2 2026, with prime residential prices rising 6.2 per cent year-on-year.

Signature Global plans 194-acre luxury farmhouse project in Gurugram West

The project has about 6.77 million sq ft of developable potential and an estimated gross development value of ₹5,500-6,000 crore, marking its entry into the segment

Smartphone shipments drive India's electronics exports to $26.66 billion

Electronics exports rose to $26.66 billion in the first five months of FY27, with smartphones contributing nearly 60 per cent and PCB shipments surging sharply

India moves up on global travel & tourism index to 31st place, Japan on top

Japan is followed by the US, Spain, Australia and France in the top five positions on the World Economic Forum index developed in collaboration with Zurich Insurance Group

Tata dispute sends India Inc scrambling to shore up shareholder rights

Tata's governance clash is raising the alarm among Indian companies about how far a board can go to overrule a majority shareholder

Embassy Reit gets ₹1,000 crore bank financing after RBI rule change

Trust becomes first Reit to access funding from a commercial bank after RBI allowed direct financing to Reits in June 2026

Loneliness, ageing population driving senior living arrangement demand

India's 60-plus population is set to rise to 347 mn by 2050 from 149 mn in 2022, driving demand for senior communities that combine housing, healthcare and wellness as social isolation rises

Vascon Engineering receives order worth ₹660 crore from Qualcomm India

The work has to be completed within 30 months from the date of site handover

Vi bundles free global roaming with select plans for up to three trips

The telecom operator said eligible customers can retain their Vi number while travelling abroad and access free roaming benefits through select plans and the Vi App

West Asia troubles may exacerbate: Oil minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri said India has navigated the crisis so far, but closure of key chokepoints could create supply challenges if the conflict escalates

Climate risks may widen India's milk demand-supply gap, says CII paper

Milk production growth has slowed to 3.5-3.7 per cent, while climate risks could raise procurement costs, squeeze margins and affect value-added dairy products

India must build chip capacity to guard against tech denial: Meity secy

IT Secretary S Krishnan said India needs domestic capacity to guard against technology denial while building a crucial presence across global electronics and semiconductor value chains

Draft of electricity policy sent to Cabinet: Power Secretary Pankaj Agarwal

Power Secretary Pankaj Agarwal said stakeholder comments have been incorporated in the draft, which seeks to improve financial viability and boost non-fossil capacity

India's new trade pacts to provide access to $60 trillion GDP: Piyush Goyal

Commerce Minister Piyush Goyal said nine trade agreements, including the nearly concluded US pact, will expand India's preferential access to global markets

FSSAI proposes ban on 'analogue paneer', steps up anti-adulteration drive

FSSAI has proposed banning the manufacture and sale of non-dairy products marketed as paneer, giving stakeholders 60 days to submit objections or suggestions on the draft rules

Nykaa, L'Oreal join hands to invest in emerging Indian beauty brands

Nykaa and L'Oreal's venture capital fund BOLD will acquire minority stakes in high-growth Indian beauty and personal care brands while founders retain control

Skilling programmes struggle to produce workplace-ready talent: Report

A Gi Group Holding report finds gaps in practical exposure, behavioural skills and workplace tools, with only a quarter of participants securing full-time jobs where they trained

India's consumer durables market may reach ₹30-32.5 trn by 2030: Report

India's consumer durables market is entering its next growth phase, with deeper localisation and global competitiveness shaping the road ahead

India taking steps to build strategic sectors: Economic Affairs secy

Economic Affairs Secretary Anuradha Thakur said India must build capacity in strategic sectors such as semiconductors to shield the economy from an uncertain global environment

​InvITs, Reits combined AUM seen doubling to ₹20 trillion by FY31: Icra

Icra expects InvITs' AUM to rise to ₹13.5 trillion and Reits' AUM to ₹6.5 trillion by FY31, supported by infrastructure monetisation and new asset classes