Page 182 - Industry News

Indian textile industry in uncertainty, still sees edge over rivals

Indian exporters call US tariff hike a blow to textile ambitions but say strong supply chain and lower duty rates than rivals will help retain market presence

Trump's 25% tariffs: 'Unfortunate', say experts, hope trade deal works out

The move comes even as the two countries continue negotiations on a trade agreement that has been in the works for several months

Urban FMCG demand slows but stays ahead of rural in Q1FY26: Report

Urban FMCG volume growth slowed to 4 per cent in April-June but continued to outpace rural demand as uneven rainfall, seasonal shifts hit foods and personal care

India's electricity demand to grow just 4% in 2025 amid cooler summer: IEA

Citing estimates from the Ministry of Power for 2025, the Paris-based agency said peak load could reach 270 GW (8 per cent increase y-o-y) and shift to September instead of summer this year

Green steel demand to reach 4.49 MT by 2030: EY-Parthenon report

The demand is set to reach 24.89 MT by FY35, and is expected to more than double to 73.44 MT by FY40, largely due to the green transition in infrastructure and automotive manufacturing

Who are India's top angel investors and what are they betting on now?

Despite crossing the $1 billion mark, India's angel investing ecosystem is grappling with declining participation due to regulatory pressures and shifting investor trends

Category III AIFs get tax relief as Delhi HC reads down CBDT circular

Delhi HC quashes BAR ruling and interprets 2014 CBDT circular to remove tax ambiguity for Category III AIFs, aligning with investor confidentiality and Sebi norms

How Wockhardt's bet on multi-drug resistant infections is paying off

In India, Zaynich will be positioned as a third-line treatment, primarily for ICU patients when other antibiotics have failed

Small coalitions could unlock $66 bn a year to fight climate change: Study

Small coalitions of fossil fuel-importing nations can raise $66 billion annually through cooperative levies to help low-income countries cut emissions and fight climate change

India's smartphone market dials 8% volume growth in Q2 2025: Report

Retail inflation dropped to a six-year low, easing pressure on household budgets, while the central bank's repo rate cuts made financing more accessible

India's sugar output falls 18% to 25.82 MT till July of this season: NFCSFL

The cooperative body expects total output to reach 26.11 million tonnes for the full season, well below the 31.9 million tonnes produced in 2023-24

Indian tea industry at crossroads as it battles multiple challenges: ITA

ITA said in a statement that the industry is facing significant headwinds in production shortfall, decline in price realisation and influx of imports

Logistics companies gear up to meet festival season demand surge

Prozo, which provides warehousing and fulfilment services, expects shipment to rise by 50 per cent compared to last year

Bulk of TCS layoffs may take effect this qtr, affecting over 12K employees

Severance packages range from 3 to 5 months' salary, depending on seniority

Nxtra Data plans ₹6,000 crore war chest to chase data centre growth

Nxtra Data, Bharti Airtel's data centre arm, plans to invest ₹4,500-6,000 crore over the next 3-4 years to become a leader in India's data centre market, targeting a major capacity expansion

Urban projects expand, but private investment continues to remain elusive

Despite the clear pace of growth of cities in India, the ability of the city managers to track private investment is slow

Samsung's PLI journey ends. Will India's production incentive boom hold?

Samsung has completed its PLI cycle, claiming ₹1,000-1,200 crore in FY25. With payouts ending, India must evaluate whether the scheme builds lasting manufacturing ecosystems

Mobile subscribers grow modestly in June to 1.16 bn, rural subscribers dip

India's mobile subscriber base increased 0.17% in June, led by urban growth; rural users declined slightly while Jio and Airtel gained market share

Goodricke eyes alternate crops, tea tourism for future diversification

Following a turnaround in FY25, Goodricke to explore turmeric, dairy and tea tourism using non-tea land, while continuing to strengthen its core tea business

Why are GCCs in India, touted as the next big thing, in a tax tangle?

The key problem, say tax experts, lies in the classification of GCCS and what they do: while tax authorities look at the share of operational work done in India