Page 2 - Industry News

Indian Bank-led consortium looks to offload ₹738 cr bad loans of BLA Power

Lenders launch Swiss challenge auction with a ₹285 crore anchor bid, offering 39% recovery; counter-bids must be fully in cash

Rare earth permanent magnet production to begin by year-end: Minister

Four states identified for mineral processing parks as India prepares to begin rare-earth magnet production; Canada seeks joint ventures across critical minerals value chain

GalaxEye's OptoSAR satellite to use AI for Earth data analysis

It will help the satellite accelerate processing and interpretation of Earth observation data in space, and quickly deliver the data to its customers

Indian pharma may face muted US growth in FY27 on gRevlimid pressure

Ind-Ra says Indian drugmakers will still see 10% revenue growth in FY27 driven by domestic demand and CDMO traction, despite weaker US sales after Revlimid expiry

Over 66% parents, teachers say EdTech AI use amplifies risks: Report

The report found that 35 per cent of EdTech-using children were using GenAI for learning, while 51 per cent of EdTech-using teachers reported using GenAI for teaching and school-related activities

India must shift from tech services to IP-led nation: HCL's Roshni Nadar

She said that future belongs not to those who merely deploy technology, but to those who build, own and shape platforms, models and products

From expressways to airports, Maharashtra outlines integrated infra push

At GEC Summit 2026, top state agencies highlighted coordinated planning across roads, airports, metros and industrial corridors to drive Maharashtra's next phase of growth

India may attract $200 bn in data centre investment by 2030: Deloitte

Deloitte says India could see transformative data centre growth supported by policy and renewables, but warns that power supply, grid stability and planning gaps may constrain expansion

Trust in AI will be 'won or lost' in public sector, says Rishi Sunak

At the India AI Impact Summit, the former British PM said while Silicon Valley may dominate AI model development, countries like India could lead in widespread adoption

Embraer, Mahindra Group plan to set up MRO base for C-390 aircraft in India

Embaer and Mahindra Group had last October inked a strategic partnership to produce the C-390 Millennium multi-mission military transport aircraft in India

Luxury shift drives 17% rise in average apartment sizes across top cities

Premiumisation of housing fuels demand for larger units, with NCR, Chennai and Bengaluru posting the sharpest gains in average apartment sizes over two years

Rajasthan discoms aim to double PM Surya Ghar Yojana installations in 2026

After the state introduced a scheme offering 150 units of free electricity per month, customers have become more inclined towards rooftop solar plants, according to Dogra

Andhra secures India's largest battery Gigafactory by Waaree Energies

The project will come up at Rambilli in Anakapalli district and is expected to generate around 3,000 direct jobs

India to begin permanent magnets production this year: G Kishan Reddy

Speaking at a conference organised by Ficci and Ministry of Mines here, Reddy highlighted the government's push under the Aatmanirbhar Bharat initiative to reduce import dependence

EPAM repositions India as co-innovation hub for life sciences, healthcare

EPAM bets on India as global co-innovation hub for AI-driven life sciences and healthcare expansion

HUL tops Perpetual Capital Hurun India Impact 50 as India Inc steps up ESG

HUL leads the Hurun India Impact 50-2026 rankings as ESG investing deepens, renewable energy adoption rises and carbon neutrality targets accelerate across India Inc

Let telecom firms deploy their network, DoT tells Navi Mumbai airport

DoT has classified Navi Mumbai International Airport as a public entity under the Telecommunications Act and directed it to provide telcos fair, transparent Right of Way access for network rollout

FMCG firms focusing on driving volume growth in upcoming quarters

FMCG companies expect volume-driven growth in the coming quarters, backed by GST cuts and improving urban-rural demand, though selective price hikes may still be taken where needed

Rising power demand could lead to higher emissions for India in 2026

After a rare dip in coal generation in 2025, India's emissions may edge up in 2026 as power demand rebounds and thermal plants anchor the grid

Professional services firms may be allowed in PMIS: ICAI president

ICAI has set up a special team to fast-track high public-interest cases, including Gensol Engineering and IndusInd Bank, while pushing reforms in skilling and audits