Page 196 - Industry News

EPC firms may post mid-to-high single-digit revenue growth in FY26: Ind-Ra

This is despite the undemanding base effect of FY25 when revenue slumped 4-5 per cent year-on-year with the absolute sector EBITDA remaining largely flat, hit by the busy election season

India emerging GCC hub for life sciences companies, says EY report

The report, titled Reimagining Life Sciences Global Capability Centres (GCCs), said that life sciences GCCs in India now handle 70 per cent of finance, 75 per cent of HR, 62 per cent of supply chain

Tamil Nadu bags investments worth ₹3,201 crore from German majors

Tamil Nadu has attracted Rs 3,201 crore in German investments during CM Stalin's Europe tour, creating over 6,250 jobs, with BMW discussing EV expansion in Chennai

Fortis signs 15-year sub-lease to run Greater Noida hospital facility

Fortis Healthcare has signed a 15-year sub-lease with R.R. Lifesciences to operate a hospital in Greater Noida, expanding its NCR presence with a monthly rent of Rs 2.4 crore

Flipkart acquires majority stake in infotainment platform Pinkvilla

Flipkart has acquired a majority stake in Pinkvilla to expand its digital content footprint, target Gen Z and millennial audiences, and leverage infotainment for commerce growth

Odisha power discoms launch 1 kW rooftop solar scheme for households

The scheme was launched under the Utility-Led Aggregation (ULA) model, as part of the government's flagship PM Surya Ghar Muft Bijli Yojana

Mumbai property registrations dip 3% in August, stamp duty down 6%

Mumbai registered 11,230 properties in August 2025, down 3% year-on-year, with stamp duty falling 6% as residential demand dominated and luxury housing gained traction

Tea industry seeks minimum sustainable price amid imports, price fall

Indian Tea Association warns of existential threat to producers in Assam and West Bengal as falling prices, rising imports and US tariffs strain the country's tea industry

Former DEA secy Ajay Seth takes charge as Irdai chairman for 3-year tenure

Ajay Seth, a 1987-batch IAS officer and former DEA secretary, has taken charge as chairman of Irdai nearly a month after his appointment for a three-year tenure by the government

Will provide uninterrupted electricity to farmers: Rajasthan energy min

State's Energy Minister Hiralal Nagar directed the managing directors of discoms or power distribution corporations to prepare an action plan to reduce power losses

Indian tea industry concerned over higher US tariff, exports likely to hit

In 2024, the US had imported 17 million kilograms of tea from India, while the shipment to America stands at 6.26 million kilograms till May this year, according to the industry body

India's power consumption rises 4.4% to 150.47 bn units in August

Power consumption was recorded at 144.11 BU in August 2024, according to official data

UrbanVault signs 80,000-sqft lease with Embassy Group at Manyata Tech Park

UrbanVault has partnered with Embassy Group to lease 80,000 sqft at Manyata Tech Park in Bengaluru, adding 2,000 premium seats and expanding its national portfolio to 2.58 million sqft

UP brings out draft policy to boost electronics, smartphone manufacturing

The policy targets $50 billion worth of electronics production in the next five years, along with a million job opportunities

Fertiliser industry faces challenge as biostimulant regulations kick in

The February 2025 amendment to the fertiliser Control Order (FCO) has created significant challenges for the biostimulant sector

Top developers on track to hit ₹1.49 trn pre-sales target in FY26: Anarock

India's top 10 listed developers logged ₹44,317 crore in Q1 pre-sales, nearly 30% of their FY26 target of ₹1.49 trillion, with DLF and Prestige leading the momentum

Govt may bet on MSMEs to power silicon dreams with fresh incentives

Incentives in the works to build homegrown raw material suppliers for global chip firms

Streamlining labour laws: Ministry forms panel to hold talks with states

Govt forms panel to align state labour laws with new labour codes, pushing reforms to boost jobs, investment and ease of doing business

Bidding for battery storage PLI in final stages, says Pralhad Joshi

Says nuclear energy laws being tweaked to attract pvt players

India's space startups team up to share skills and expertise, minimise risk

What stood out was the group's zero-cost bid. Though the government is offering up to ₹350 crore in financial support, these companies have opted to bear the entire investment themselves