Page 193 - Industry News

Luxmi Group, owner of Makaibari, ups branded play with British buyout

Luxmi Group, which owns iconic Makaibari tea estate, has acquired a majority stake in Brew Tea Co, a UK-based retailer, marking a strategic expansion of its branded tea portfolio and global presence

Hotels, restaurants may go on token strike in Maha over tax hikes: AHAR

The hotel body says hikes in VAT, licence fees and excise duty have made it difficult for small businesses to survive and warns the moves may hurt tourism and state revenue

No impact of 50% copper tariffs on Indian companies, says industry

India remains a net importer of copper products throughout the entire copper value chain; hence, to meet the growing demand for copper, India needs to embrace strategic initiatives, it said

India plans to kickstart rare-earth magnet output to cut China dependence

The policy blueprint is likely to be submitted for cabinet approval soon, the people said. The final outlay for the program is subject to internal consultations and could change

Data centres to attract ₹1.6-trn investment in next five years: Report

India Ratings & Research expects 7.1 GW of new data centre capacity over FY26-FY28, with stable rental rates, rising capex and growing AI-related demand driving investments

India Inc sees 48% drop in Q2 deal value amid global uncertainty: GT Bharat

India Inc saw 582 deals worth $17 billion in Q2 2025, down 48 per cent in value from Q1, as global tensions slowed activity; private equity remained steady while M&A and IPOs declined sharply

70% of APAC occupiers plan to expand warehousing portfolio in India: Report

APAC occupiers see India as a resilient logistics destination, driven by supply chain diversification, ESG focus, and infrastructure growth, says CBRE report

Equity MF inflow rises 24% to ₹23,587 cr, breaks 5-month declining streak

Also, the latest fund infusion by investors marks the 52nd consecutive month of net inflows into the segment

Trump threatens 200% pharma, 50% copper tariffs: What it means for India

As trade tensions escalate under Donald Trump, India finds itself in the crosshairs once again. Donald Trump's proposed duties target two of India's biggest export sectors - pharmaceuticals and copper

Premiumisation to drive Arpu growth for all telecom operators in Q1

Analysts expect a sequential increase in Arpu for all telecom operators in Q1 FY26, driven by the ongoing shift from 4G to 5G and higher service usage

Banking, other services may be hit with trade unions on strike on Wednesday

On July 9, ten central trade unions will go on strike to protest against the government's failure to conduct the Indian Labour Conference for ten years and the imposition of four controversial labour

No betting on chance in Karnataka govt's real-money gaming playbook

According to the draft, the use of real money, tokens, virtual currency, or electronic funds for online betting or wagering is also prohibited

GMP, NSQ compliance: MSME pharmaceutical companies seek financial aid

Pharma MSMEs seek Rs 50 crore handholding and extension for GMP compliance under revised Schedule M, citing challenges in adhering to regulatory and quality standards

Realty market saw land deals worth ₹31,000 cr in H1 2025: Anarock

Highest-ever land deal figure comes on the back of increased interest in diversified asset classes

Steel ministry defers quality rules on imports amid importer concerns

India's steel ministry has delayed BIS certification rules on steel imports by four months, offering relief to importers facing compliance hurdles and protecting in-transit shipments from disruption

Govt denies Reuters takedown order; Elon Musk's X insists it happened

X says blocking done on government request, while the IT ministry claims no such request was made

FSSAI warns e-comm players against non-compliance with food safety norms

The warning was given at a meeting chaired by the FSSAI CEO G Kamala Vardhana Rao with more than 70 representatives of leading e-commerce platforms

Ventive, Marriott expand partnership to add 6 new hotels in India by 2030

Ventive Hospitality and Marriott International expand their partnership to develop six hotels in India by 2030, adding more than 1,400 rooms across key cities

UP govt to acquire 13,240 acres for industrial clusters near expressways

Recently, Chief Minister Yogi Adityanath termed expressways the backbone of the state's economic growth and job creation, while pitching UP as a preferred investment destination

Delhi High Court grants interim protection to LNG terminal operators

Court grants interim relief to LNG operators challenging new registration norms under PNGRB's 2025 regulations