Page 177 - Industry News

IT companies' valuation hits 5-year low amid selloff by investors

The sector is trading at a discount to the BSE Sensex and trailing price/earning (P/E) multiple for the first time in the past four years

Govt wants telcos to ditch foreign gear for homegrown equipment: Here's why

The Centre is reportedly urging private telcos to use more homegrown equipment, a move that could hit foreign suppliers and benefit local firms, with a mandate likely if voluntary targets fall short

Trump tariff turbulence: Tiruppur knitwear lifeline stretched thin

The first in a series on the impact of 50% US tariff on Indian goods explores how the textile sector stands on edge, yet stitches prospects in the EU and UK

FMCG firms kept Q1 ad spends tight, plan to ramp up in coming quarters

Dabur, Britannia, and Marico cut or rationalised ad spends in Q1 to protect margins but plan higher investments ahead to boost brands, sales, and market presence

Indian telecom companies oppose DoT plan on direct network allocation

Say move would be detrimental to national security, hit revenues

Parliamentary panel backs ex-ante regulation for Digital Competition Bill

But parliamentary committee calls for nuanced approach

Hiring boom likely to bring early festival cheer for gig workers

The period could generate up to 200K jobs

Trump tariffs to impact 55% of total merchandise exports to US: MoS Finance

"A combination of different factors, such as product differentiation, demand, quality, and contractual arrangements, would determine the impact on India's exports," he said

Tata group's Nelco, Eutelsat tie up for OneWeb LEO satellite connectivity

According to the agreement, Nelco will partner OneWeb India Communications to provide secure, low-latency LEO connectivity to customers in the country

Apple supplies grow 21.5% to 5.9 mn units in first half of 2025: IDC

According to International Data Corporation's (IDC) worldwide quarterly mobile phone tracker, India's smartphone market shipped 70 million smartphones in the first half of 2025

Govt asks seafood exporters to explore alternative mkts amid US tariff hike

Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports

Govt shuts unit at largest Tamil Nadu nuclear power plant for maintenance

The Central Electricity Authority, India's power advisory body, said the 1,000 MW Unit 1 at Kudankulam in Tamil Nadu was shut on August 3

US tariff impact on MSME workers may hit affordable home sales: Anarock

Anarock pointed out that sales and launches of affordable homes have already gone down post-Covid-19 pandemic

Indian alloy steel makers seek anti-dumping duty on cheap Chinese imports

India, world's second-biggest producer of crude steel, has the capacity to make around 18 million to 20 million metric tonnes per annum of alloy steel, used in auto, defence and aerospace sectors

Consumer goods companies bank on festivals for urban demand revival

While FMCG companies say that demand remains steady for urban, Colgate Palmolive India said in its earnings release that urban demand remained subdued in April-June.

EV adoption surges in developing nations, challenging oil demand narrative

Like the EV surge in Gulf oil nations, it signals a rapid global shift to electric mobility, making OPEC's forecast of a 50% rise in developing nations' oil use by 2050 seem unrealistic

Complaint against qcom players: Distributors submit additional info to CCI

According to sources in the know, the Competition Commission of India (CCI), the regulatory watchdog, has asked quick-commerce players to submit answers to the allegations

Costly middle layer faces the axe amid India's IT sector layoff drill

According to data from specialist staffing firm Xpheno, more than 7,700 senior professionals with over 15 years of experience have exited India's IT services firms over the past 12 months

Centre wants states to support exporters hit by Donald Trump tariff

Exporters have warned that the US tariff hike poses a setback, affecting nearly 55 per cent of India's shipments to the American market

Align skill development programmes with local needs: House committee

A parliamentary panel has asked the skill ministry to match training programmes with local job demands, speed up skill gap reports, and improve PMKVY's industry alignment