Page 2 - Industry News

India Inc likely to see salary hikes of up to 10.2% in FY27: Report

The high-growth industries led by EV and EV Infrastructure are expected to register salary increments in the range of 9.6 per cent to 10.2 per cent, the report said

Heatwaves hit output at Indian apparel suppliers serving Uniqlo, Tesco

Research at 10 facilities in four regions found high temperatures are impacting product quality, delivery reliability and contributing to higher employee absenteeism during the peak summer months

Hotel giants bet India's local travel boom can defy economic slowdown

Hotel investments in India surged 67 per cent to $567 million last year, according to JLL, while demand is forecast to rise about 11 per cent annually over the next several years, outpacing supply

Relief for Airtel, Vi as Bombay High Court quashes OTSC spectrum levy

Bombay High Court quashed the DoT's one-time spectrum charge, offering major relief to Airtel and Vodafone Idea in a decade-old ₹20,000 crore dispute

TVK govt reaches out to industry amid policy continuity concerns

Tamil Nadu government engages industry leaders, expedites approvals and assures policy support as it seeks to retain investor confidence and sustain investment momentum

India's clean industry pipeline a $433 bn investment opportunity: Report

India now has the world's third-largest clean industry project pipeline, with 65 projects spanning clean fuels, chemicals and low-carbon manufacturing across 11 states

MNRE forms panel to review ALMM-II exemption requests for solar projects

Committee comprising officials from SECI, IREDA and NISE will examine requests for commissioning extensions beyond May 31, 2026, under the domestic solar cell mandate

India's GLP-1 market enters slower growth phase after semaglutide surge

After a near fourfold expansion driven by generic semaglutide launches, India's GLP-1 market is showing signs of moderation as patient onboarding growth slows

Energy output up, adequate power available: Rajasthan Energy Minister

Higher domestic generation and new solar-storage projects have reduced Rajasthan's dependence on power exchanges and strengthened supply during peak demand

India's engineering exports rise to $122 bn in FY26: Govt official

He said that engineering exports have expanded from nearly $70 billion in fiscal 2015 to $122.43 billion in the financial year ending March 31, 2026

Drug companies seek NPPA price revision for cancer drugs amid shortage

Oncology drugmaker says soaring platinum prices, higher import duties and lengthy import approvals have made production financially unviable, worsening shortages of key chemotherapy medicines

High spirits: Indian liquor brands bet on premium buzz in Hindi heartland

Liquor makers are targeting the Hindi heartland as rising incomes, policy reforms and evolving tastes fuel demand for premium spirits and craft alcohol

How FSSAI's vegan logo mandate could impact India's plant-based food market

The move goes beyond packaging, with experts suggesting it could improve consumer trust, curb misleading claims and support category growth

Sigma Advanced Systems bags ₹208 crore export order for artillery shells

Defence manufacturer will supply 40,000 artillery shell bodies to a North American customer over the next six months, marking its expansion into ammunition component manufacturing

Scheme to build bulk drugs' R&D, capacity in works, says Pharma secy

India plans a new support scheme for bulk drugs focused on R&D and capacity creation, while ruling out a broad medicine price hike despite rising input costs

India's energy demand boom to reshape global markets: Rosneft chief

Speaking of our strategic partners, I would like to specifically mention India. Today, India's economy is one of the key drivers of global energy consumption growth, he said

Indian firms got less govt support than Chinese peers in 2005-24: Report

Between 2005 and 2024, Chinese firms received on average three to eight times more government support than Indian firms

Odisha orders itensified crackdown as audits flag massive mining losses

State directs surprise inspections and tighter surveillance after audits and investigations flag large-scale illegal mining, royalty evasion and mineral transportation irregularities

'Uzbekistan can offer incentives for Indian pharmas to boost investments'

Tax incentives and subsidies for technology transfer, and export-oriented production could further encourage investment, said Deputy Minister of Investment, Industry and Trade

Govt mandates standard edible oil pack sizes for easier comparison

The decision follows extensive consultations with major edible oil industry associations representing nearly 90 per cent of the country's edible oil sector