Page 186 - Industry News

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

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