Page 183 - Industry News

Three new nano fertiliser plants to be set up by PSUs, firms: Govt

The minister highlighted the steps taken to promote the use of nano fertilisers and said the central government has pursued with the states on use of nano fertilisers at various forums

TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth

TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence

India-UK trade deal boosts access for Indian medical devices in Britain

The framework will help Indian manufacturers expand market share in the UK vis-a-vis its global competitors like China, Brazil, and Vietnam who face non-preferential duty

SAEL Industries arm commissions 50 MW solar project in Maharashtra

The plant is expected to generate over 100 gigawatt-hours (GWh) of clean electricity annually, and is aligned with the government's vision for a sustainable energy future, SAEL Industries said

Realtors, financial firms bullish on Indian real estate growth: Report

The Current Sentiment Score rose modestly to 56 in the April-June quarter, from 54 in the preceding January-March period, ending a four-quarter downward streak

India Inc to offer avg salary hike of 6.2-11.3% across industries: Report

Salary hikes to be highest in EV, consumer durables, retail, and NBFC sectors, with expected increments of up to 11.3%, says report based on inputs from 1,308 firms across 23 industries

Industrial, warehousing spaces demand rises 63% to record in Jan-Jun: CBRE

Among the eight major cities, Delhi-NCR saw the maximum leasing of industrial & warehousing spaces at 7.3 million square feet, followed by Bengaluru 4 million square feet

Blink and cost of milk is different: Uber surge tech now in supermarkets

Electronic shelf labels are transforming grocery pricing in Europe and the US, but raise fears of real-time surge pricing and transparency risks

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

Digital payments cross ₹65,000 cr in volume, ₹12,000 trn in value in 6 yrs

As on May 31, 2025, around 4.77 crore digital touch points have been deployed through PIDF

Tech sector at inflection point, workforce rationalisation likely: Nasscom

Ttechnology will continue to serve as a powerful catalyst for growth, making continuous skilling, upskilling, and cross-skilling, vital to developing future-ready and resilient workforces

US smartphone market sees slow growth as India-made phones surge: Canalys

In response to tariffs, Apple earlier this year sought to make most of its iPhones sold in the United States at factories in India

Renault Group gets CCI nod to acquire remaining 51% stake in Indian JV

Japan (Nissan) and Nissan Overseas Investments B V (Nissan Overseas) are collectively divesting their stakes in the joint venture

India's industrial output growth dips to 10-month low of 1.5% in June

Industrial production growth in June fell to a ten-month low of 1.5%, due to weak mining and electricity output, following a revision in May's growth figure, as per National Statistics Office data

Nasscom predicts workforce rationalisation as IT industry transitions

Nasscom expects workforce rationalisation as IT services transition to a product-aligned delivery model, driven by AI and automation. TCS's recent layoffs signal changes in the sector

Satcom spectrum allocation rules likely to be in place within two months

The spectrum allocation rules are the last lap that will enable Elon Musk-led Starlink, Bharti Group-backed Eutelsat Oneweb and Jio SES to apply for the radiowaves and start rolling out their services

Apple turns to Japan to ease China's rare-earth magnet supply squeeze

This squeeze had forced the company to close down the plant for two weeks till June-end - a move that was unprecedented

Starlink can provide services only to 2 million users in India: Centre

High cost and limited reach of Starlink's satellite internet will not impact BSNL's rural services, says Minister of State for Telecom Pemmasani Chandra Sekhar

Jyotiraditya Scindia pushes BSNL to lift Arpu by 50% over next year

Union minister emphasises ARPU and enterprise growth at BSNL review, says capex and strategic focus will yield positive operating cash flow in coming quarters

Nayara Energy sues Microsoft over EU sanctions-linked service suspension

Nayara seeks interim relief in Delhi High Court, says Microsoft suspended services citing EU sanctions despite no legal basis under Indian or US law