Page 19 - Industry News

IHC becomes promoter of Sammaan Capital after completing open offer

Abu Dhabi's International Holding Company has acquired control of Sammaan Capital through an open offer and preferential allotment in a major NBFC investment deal

Nabard acquires leasehold rights to BKC commercial campus for ₹350 crore

Nabard has acquired leasehold rights to a two-building commercial campus in Mumbai's Bandra-Kurla Complex from MTNL under a deal valued at Rs 350.72 crore

India's direct selling industry crosses ₹23,000 crore in FY25 growth

India's direct selling industry recorded turnover of Rs 23,021 crore in FY25, while women's participation in the workforce increased to 48 per cent

Austerity and symbolism: Matching intent with action amid crises

Following through announcements with enforcement of measures is key, as a run through recent Indian economic history shows

Value dips as staff rises: The curious case of unincorporated manufacturing

Productivity per worker in small-scale manufacturing declines as firms hire more staff, according to a new government report

Rajasthan fuel dealers allege curbs on petrol, diesel sales at pumps

The association alleged that fuel supply to pumps was being stopped if dealers sold quantities beyond the prescribed limits

Indian-flagged vessel sinks off Oman coast after attack; crew members safe

India termed the attack on its vessel in the Gulf of Oman "unacceptable" after the ship caught fire and sank, while all 14 crew members were rescued safely

No shortage, yet long queues at fuel pumps; Odisha, Jharkhand see curbs

Long queues, rationed sales and delayed tanker loading across Odisha raise questions over fuel supply management amid the West Asia crisis

India Inc's ECB, FCCB intent rose to $5.43 bn in March, highest in FY26

Indian firms filed proposals to raise $5.43 billion through ECBs and FCCBs in March, the highest monthly amount in FY26

High commissions a key concern, need attention: Irdai chairman Ajay Seth

Insurance regulator says rising commissions and weak profitability are undermining policyholder value and sector resilience

Inox Clean acquires US solar manufacturer Boviet Solar for $750 million

Acquisition gives Inox Clean 3 GW each of module and cell manufacturing capacity in the US amid rising demand for renewable energy

SC summons Rajasthan officials over illegal mining in Chambal Sanctuary

Apex court seeks compliance affidavits and warns of stricter action over illegal sand mining threatening wildlife in the Chambal region

Realty major DLF eyeing residential sales worth ₹20,000 crore in FY27

Realty major expects strong sales momentum from upcoming launches in Gurugram, Mumbai and Goa despite concerns over commercial leasing delays

Developers seek extension of project timelines amid West Asia conflict

Credai seeks a blanket three to six-month extension for project deadlines, citing disruptions in material supplies and labour availability

Rajasthan bets on pre-embedded mineral blocks to boost mining revenue

Rajasthan plans auctions for 10 pre-embedded major mineral blocks this year to accelerate mining activity, jobs and revenue growth

India PE/VC investments fall 17% to $36 bn; deal volumes rise 10%

A Bain & Company report said India's PE/VC market entered a more disciplined phase in 2025, with deal volumes rising around 10 per cent despite lower investment value

Jio Platforms appoints Akash Ambani as managing director ahead of IPO

Jio Platforms is expected to file draft papers for its Initial Public Offering (IPO) by the end of May or in June

DBN, Andhra sign pact for BharatNet expansion with ₹2,432 cr financial aid

The initiative is expected to facilitate more than five lakh rural home fibre connections with financial support from the Government of India

Labour drift: South India industry feels absence of Bengal, Assam workers

Companies in Kerala, Tamil Nadu and Karnataka are offering incentives to migrant workers amid concerns over jobs, fuel costs and the impact of the West Asia crisis

Cabinet clears ₹37,500 crore coal gasification push amid supply concerns

Incentive scheme aims to reduce import dependence on fuels and industrial feedstock while boosting domestic coal-to-chemicals capacity amid West Asia tensions