Page 168 - Industry News
Housing sales in Mumbai region, Pune fall 17% in Jul-Sep: PropEquity
In Mumbai city, sales dipped 8 per cent to 9,691 units from 10,480 units, while Navi Mumbai witnessed a 6 per cent fall to 7,212 units from 7,650 units
 "Housing sales in Mumbai region, Pune fall 17% in Jul-Sep: PropEquity")
IT sector sees muted FY26 growth; recovery likely with AI adoption: Report
Key indicators show that the Indian IT sector has faced challenges related to global macroeconomic uncertainty, client cost optimisation, and delayed decision-making
 "IT sector sees muted FY26 growth; recovery likely with AI adoption: Report")
Copper industry raises concerns over rising UAE imports under CEPA
IPCPA also criticized the high tariff rate quota (TRQ) of 85,000 tonnes for copper rods under CEPA, calling it excessive and lacking protective value for domestic producers
 "Copper industry raises concerns over rising UAE imports under CEPA")
Ambani tops Hurun India Rich List 2025, Roshni Nadar leads among women
Mukesh Ambani tops Hurun India Rich List 2025 with Rs 9.55 trillion wealth, Gautam Adani second, Roshni Nadar Malhotra richest woman, and Aravind Srinivas youngest billionaire
 "Ambani tops Hurun India Rich List 2025, Roshni Nadar leads among women")
New projects down 46% in September quarter, value falls to ₹5.2 tn
The projects of the central and state governments fell more than those from the private sector amid the global spike in uncertainty
 "New projects down 46% in September quarter, value falls to ₹5.2 tn")
Cabinet approves 3% DA hike for central govt employees, pensioners
The combined impact on the exchequer on account of increase in both DA and DR would be ₹10,083.96 crore per annum
 "Cabinet approves 3% DA hike for central govt employees, pensioners")
Circular resolving IBC-PMLA clashes soon, says IBBI chief Ravi Mital
IBC and PMLA have often clashed with each other in cases where the assets of an entity undergoing insolvency have been attached by the ED for money laundering activities
 "Circular resolving IBC-PMLA clashes soon, says IBBI chief Ravi Mital")
Labour union writes to Maharashtra CM on TCS layoffs, company denies claims
IT union NITES has alleged that TCS forced 2,500 resignations in Pune, writing to CM Fadnavis for intervention, while the company has denied the claims as misleading
 "Labour union writes to Maharashtra CM on TCS layoffs, company denies claims")
US auto sales seen rising 6% in Oct quarter as EV demand surges
Market research firm Cox Automotive expects US new vehicle sales to be about 4.14 million units for July-September, compared with 3.9 million in the same period last year
 "US auto sales seen rising 6% in Oct quarter as EV demand surges")
CITI welcomes PLI Scheme 2.0 for textiles, says changes pivotal for growth
CITI has welcomed the PLI Scheme 2.0 for Textiles, saying the lower thresholds, wider HSN coverage and easier eligibility will benefit MMF apparel, fabrics and smaller firms
 "CITI welcomes PLI Scheme 2.0 for textiles, says changes pivotal for growth")
Q2 results preview: Global headwinds likely to show in IT firms' earnings
While the first few months of the financial year saw no notable deterioration, as called out by the companies in July
 "Q2 results preview: Global headwinds likely to show in IT firms' earnings")
India Inc backs Trump's 6-monthly reporting plan; fund managers push back
India Inc leaders say six-month reporting puts less pressure on time, enabling a bigger focus on business strategy
 "India Inc backs Trump's 6-monthly reporting plan; fund managers push back")
Non-tech sector continues to hire more vs tech sector, says Xpheno
The non-tech sector collective continues to hold the majority contributor status (52 per cent), which it took over from the tech sector in October 2022
 "Non-tech sector continues to hire more vs tech sector, says Xpheno")
Gucci to Sabyasachi: Luxury's 2nd life becomes bargain hunters' first love
Ziniosa, Kuro, and ReTag are turning pre-owned luxury into big business
 "Gucci to Sabyasachi: Luxury's 2nd life becomes bargain hunters' first love")
DTH firms pivot to content aggregation as subscriber count declines
With pay DTH subscribers down to 50 million in June, operators such as Dish TV and Tata Play are diversifying into OTT aggregation, broadband and devices to offset revenue decline
 "DTH firms pivot to content aggregation as subscriber count declines")
E-commerce giants pass on ₹300 crore tax cuts to festival shoppers
Amazon and Flipkart channelled over Rs 300 crore in GST savings to festive shoppers as sellers adopted new tax rates, boosting demand for appliances and electronics
 "E-commerce giants pass on ₹300 crore tax cuts to festival shoppers")
PNGRB plans draft regulations for hydrogen transport and blending
The idea is to ensure the country's gas pipeline network is ready for Hydrogen integration, so as to send a clear signal to the industry that this future fuel can be transported to the market
 "PNGRB plans draft regulations for hydrogen transport and blending")
India set to gain from US tariffs on timber, lumber, kitchen cabinets
Once implemented, the new tariffs, ranging from 10 per cent to 25 per cent, will replace the current 50 per cent duties that India is facing
 "India set to gain from US tariffs on timber, lumber, kitchen cabinets")
GST cut drives ecom infra push in smaller cities amid quick delivery boom
Platforms expand infrastructure to smaller cities as GST reforms and instant delivery reshape retail landscape.
 "GST cut drives ecom infra push in smaller cities amid quick delivery boom")
Low VC funding, regulatory hurdles challenges to biotech growth: BIRAC MD
India targets a $300 billion bioeconomy by 2030, up from $165 billion in 2024.
 "Low VC funding, regulatory hurdles challenges to biotech growth: BIRAC MD")