Page 178 - Industry News
IT sector braces for slower growth trajectory as US tariff tensions mount
Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month
 "IT sector braces for slower growth trajectory as US tariff tensions mount")
US tariffs could threaten $30 billion in Indian electronics exports
Semiconductor duties, exclusion of non-smartphone items from exemptions likely to derail electronics $80 billion export targets
 "US tariffs could threaten $30 billion in Indian electronics exports")
Avg data breach cost in India jumps 13% to ₹22 cr, highest for India: IBM
Despite the surge in costs, the security in artificial intelligence is still lacking, the report by global tech major IBM said
 "Avg data breach cost in India jumps 13% to ₹22 cr, highest for India: IBM")
Trump tariffs hit India's garment makers as US buyers say move production
A 50% US tariff on Indian garments, tied to Russian oil purchases, has shocked buyers and suppliers, prompting plans to shift production to countries like Ethiopia and Nepal
 "Trump tariffs hit India's garment makers as US buyers say move production")
Pharma Inc mulls offshore strategy as US tariff fears hit sentiment
Despite current exemptions, Indian pharma firms are preparing for potential US tariffs through offshore units, EU market focus, and sourcing diversification
 "Pharma Inc mulls offshore strategy as US tariff fears hit sentiment")
Will face short-term US tariff impact, says Kitex MD Sabu M Jacob
We are in wait-and-watch mode. There is uncertainty in the market, as all buyers are holding the orders. They are confused about which country they should place the orders in
 "Will face short-term US tariff impact, says Kitex MD Sabu M Jacob")
US tariff hike halts Indian textile exports as major retailers pause orders
Retail giants like Walmart, Amazon, and H&M ask Indian suppliers to hold shipments as the US raises textile and apparel import duties to 50 per cent
 "US tariff hike halts Indian textile exports as major retailers pause orders")
Medical devices industry raises concerns over additional 25% US tariff
With US duties on Indian medical devices now at 50%, industry groups warn of trade instability, lost competitiveness, and adverse impact on American patients
 "Medical devices industry raises concerns over additional 25% US tariff")
US tariff impact: India Inc against knee-jerk reaction, seeks new markets
Industry leaders urge India to pursue diplomatic talks with the US, strengthen manufacturing, and consider China ties to gain leverage against tariff pressures
 "US tariff impact: India Inc against knee-jerk reaction, seeks new markets")
Short-term pain has to be borne for long-term gains: JCB India MD
JCB India MD backs govt on tariffs, says it is protecting nation's interest
 "Short-term pain has to be borne for long-term gains: JCB India MD")
Want fresh resolution process: BPSL ex-promoters to Supreme Court
SC recalls earlier order liquidating BPSL; promoters call for fresh bidding as legal experts flag rare instance of review under IBC and Article 142 powers
 "Want fresh resolution process: BPSL ex-promoters to Supreme Court")
Qcom firms fail to meet basic standards, says Delhi-based workers' union
Union audit of 51 qcom warehouses in Delhi finds poor access to toilets, rest areas, safety gear, and management support for gig workers across major platforms
 "Qcom firms fail to meet basic standards, says Delhi-based workers' union")
Indian pharma market grows 7.9% in July, led by chronic therapies
Despite flat volumes, India's pharma market posted 7.9% growth in July on strong demand for chronic therapies like cardiac and diabetes; MAT turnover crossed Rs 2.3 trillion
ED raids 12 sites in Rs 750 cr fake input tax credit scam across 3 states
Fresh ED raids across Jharkhand, West Bengal, and Maharashtra target shell firms and suspects linked to Rs 750-cr fake input tax credit scam under PMLA investigation
 "ED raids 12 sites in Rs 750 cr fake input tax credit scam across 3 states")
Govt plans 97 GW coal, lignite-based thermal power capacity boost
This assumes significance in view of India's ambitious target of 500 GW of renewable energy capacity by 2030 and net zero target by 2070
 "Govt plans 97 GW coal, lignite-based thermal power capacity boost")
US tariff on Indian apparel could be death knell for small firms: AEPC
Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said the announcement is a huge setback to the labour-intensive export industry
 "US tariff on Indian apparel could be death knell for small firms: AEPC")
Housing price index of 13 cities rises 8 points annually in March: Report
The index shows a moderate 8-point increase to 132 in March this year, as against 124 in the same month last year
 "Housing price index of 13 cities rises 8 points annually in March: Report")
Scrapping of US-sanctioned tanker in India shows dark fleet pain
Contract II, a decades-old tanker linked to Iran sanctions, was sold at a discount and dismantled in Alang, India, amid tighter enforcement and rising risks for ageing dark fleet vessels
 "Scrapping of US-sanctioned tanker in India shows dark fleet pain")
Govt may fine carmakers missing fuel efficiency targets under new rules
The government reportedly plans to fine carmakers that do not meet fuel efficiency rules; Bureau of Energy Efficiency (BEE) will check compliance
 "Govt may fine carmakers missing fuel efficiency targets under new rules")
Britannia readies 'war chest' to take on regional rivals in key states
Britannia to target smaller territories with strategic spending, eyes growth in Hindi belt and beyond amid stable commodity prices
 "Britannia readies 'war chest' to take on regional rivals in key states")