Page 18 - Industry News

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

Anarock acquires 51% stake in architecture firm DSP Design Associates

The deal combines Anarock's real estate advisory and transaction capabilities with DSP's architecture, master planning and interior design expertise across India

Draft National Electricity Policy 2026 sent to Cabinet: Power ministry

The policy seeks to improve the financial viability of the power sector, ensure reliable and quality supply, and meet peak demand and energy requirements

India's workforce expansion expected at 5.4% in H2 FY27: TeamLease

Hiring is expected to be led by e-commerce and technology startups, travel and hospitality, and retail, with the employment outlook improving from 4.7 per cent in H1

Navitas Solar to invest ₹10,000 cr in 5 yrs in renewable energy facilities

Surat-based Navitas Solar plans to expand beyond module manufacturing into cells, ingots, wafers, battery storage and renewable energy projects in Gujarat and Maharashtra

India tech funding rises 7% to $10.3 billion in first nine months of 2026

ndia's tech startups raised $10.3 billion in the first nine months of 2026 despite a 38 per cent decline in funding rounds, with capital concentrated in larger deals

India's power crunch tops summer levels as El Nino hits hydropower

Nighttime power shortfalls have reached 7.7 GW this month, while hydropower generation fell 12 per cent in September, pushing coal plants to run harder to meet demand

Govt plans 50-metre junk food curbs around schools amid rise in obesity

Proposed rules could restrict sales of high-fat and high-sugar foods near India's 1.5 million schools, adding pressure on global food and beverage companies

Retail prices of cooking oils may fall after duty cut: Industry body IVPA

The government has cut customs duties on crude and refined soybean, palm and sunflower oils, a move the industry expects to lower landed costs and ease retail prices ahead of the festive season

Bank strike from Sept 28-30: Why bankers are on strike again this month

The RBI has allowed all bank branches, offices, ATM-linked branches and currency chests to remain open on September 27 to avoid a possible five-day disruption

Indian recyclers seek govt intervention over EU metal waste ban proposal

A recyclers' group representing small and mid-sized Indian firms has sought government intervention after the EU proposed restricting metal waste exports to India from May 2027

High crude leaves OMCs losing ₹530 crore a day on fuel sales: Icra

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September

India's electrification rate could rise to 32% by 2035: IEA report

The IEA says India's electrification rate could rise from 19 per cent to 32 per cent by 2035, led by transport, while lower fuel imports could reduce its energy import bill.

Copper producers seek GST cut to 5% as record prices tie up capital

India's primary copper producers want GST on a range of copper products cut from 18% to 5%, saying the move could unlock up to $3.6 billion in working capital

Retail sector logs 10% growth in Aug on stable consumer demand: RAI survey

India's retail sector maintained a steady trajectory in August, recording a 10 per cent year-on-year (Y-o-Y) pan-India growth, according to a business survey by the Retail Association of India.

Indian Railways' coach overhaul on track for completion in FY28

1,600+ older rakes converted as safer Linke Hofmann Busch stock takes the rails

Fuel shift gathers pace across vehicle segments as EV adoption rises

India's automobile market is seeing a steady shift in its fuel mix, with electric vehicles (EVs) gaining ground across passenger vehicles (PVs), two-wheelers, three-wheelers and commercial vehicles

FSSAI initiates penal action against five leading e-commerce platforms

FSSAI has initiated penal action against five e-commerce platforms over product claims, information and the listing of prohibited food articles under food safety regulations

Odisha clears industrial projects worth Rs 2.47 trillion at one go

Data centres, AI and power projects dominate Odisha's record investment pipeline; 27 projects across 15 districts involving Rs 2.47 trillion are expected to generate 50,162 jobs