Page 2 - Industry News

China-linked tools used in AI-driven cyberattacks on Indian financial firms

CERT-In identified four tools used in attacks on non-bank lenders, fintech firms and crypto exchanges, with security researchers linking at least two to China

Crude price cool-off likely to soften cost squeeze on oil companies

Brent slips below $94, offering respite to fuel retailers amid unchanged pump prices

Coal India's listing-bound subsidiaries log fall in e-auction premiums

E-auction premiums at Coal India's MCL and SECL declined sharply between FY24 and FY26 despite higher coal volumes being offered, as booking rates weakened at both subsidiaries

Govt eases bidding norms for critical minerals, launches fresh auctions

The government has reduced the minimum number of technically qualified bidders from three to two as it launches auctions for 20 critical mineral blocks and 14 exploration licences

GCC tech hiring demand declines 3.5% in Q2 as firms turn selective

GCC tech hiring demand fell 3.5 per cent sequentially in Q2FY27 as firms became more selective, while demand for AI, data analytics and cybersecurity professionals continued to rise

India's B2C ecommerce funding declines by one-third to $1.6 bn in 2026 YTD

Funding across homegrown B2C e-commerce companies fell from $2.4 billion in 2025, with late- and seed-stage investments nearly halving even as early-stage funding stayed stable

Trai proposes new satcom provider category, issues D2D connectivity norms

The regulator has proposed a new business-to-business satellite network authorisation and recommended spectrum rules to enable direct-to-device connectivity on mobile phones.

Renewable energy investments may exceed $220 bn by 2030: Pralhad Joshi

India may attract more than $220 billion in renewable energy investments to meet its 500 GW non-fossil capacity target by 2030, while the MNRE plans new recycling guidelines.

Gold prices to lift jewellery revenue 21-23% despite volume dip: Crisil

Jewellery revenue is expected to rise 21-23% in FY27 as gold prices climb 25-27%, even as sales volumes decline amid affordability concerns.

AI, data and cybersecurity drive 3 in 10 GCC tech hiring demand: Report

Quess Corp's Q2 FY27 report finds rising demand for specialised AI, data and cybersecurity skills despite a 3.5 per cent decline in overall GCC tech hiring, with Tier-2 cities gaining ground

Coal gasification can save ₹1.5 trillion in forex in 5-7 years: Coal secy

The Centre has committed financial incentives of ₹46,000 crore under two schemes to encourage coal gasification projects, said Coal Ministry Secretary Vikram Dev Dutt

Tata Power Renewables commissions 300 MW project for Seci in Karnataka

TP Saurya, a wholly-owned subsidiary of TPREL, is the developing company of this project, a company statement said

Govt plans mandatory energy storage rules for power distributors by March

Details of the policy, including how much storage distributors will be required to buy, are still being discussed, Power Secretary Pankaj Agarwal said on Thursday

IIT median salaries more than double in eight years, EAC-PM study finds

The median salary across 17 IITs more than doubled from ₹8.80 lakh in 2015-16 to ₹19.08 lakh in 2023-24, according to an EAC-PM study

Green assets could form three-fourths of India office stock by 2030

Green-certified office stock is expected to reach around 636 million sq ft by end-2026, with technology firms remaining the largest occupier group

India has a huge fireworks industry, then why does it export so little?

India's fireworks industry is worth an estimated ₹7,000 crore, yet exports remain below $1 million, or just 0.042 per cent of the global export market

From Sivakasi to Diwali markets: Inside India's firecracker economy

Sivakasi's fireworks industry has an estimated annual turnover of around ₹7,000 crore, but the absence of comparable data makes it difficult to assess the sector's national economic contribution

Govt proposes immediate licence suspension for substandard drugmakers

The Health Ministry has proposed suspending manufacturing licences immediately after drugs fail critical quality tests, aiming to prevent unsafe medicines from remaining in circulation.

JSW Group's Sajjan Jindal meets Bengal CM, ₹50,000 crore plan in focus

JSW Group Chairman Sajjan Jindal met West Bengal Chief Minister Suvendu Adhikari to discuss investments worth ₹50,000 crore across power, steel, cement, ports and related sectors.

Amul hikes ghee prices by ₹40 per litre, butter by ₹15 on higher costs

Amul has raised ghee prices by ₹40 per litre and butter prices by ₹15 per 500-gram pack from November 2, citing higher milk production costs. A litre of Amul ghee now costs ₹680.