Page 201 - Industry News

IRB InvIT to acquire 3 road assets worth ₹8,436 cr from IRB InvIT Fund

The acquisition of three SPVs will expand IRB's O&M order book by Rs 3,100 crore and is part of a broader asset transfer strategy between its private and public InvIT platformsnn

India's fintech sector ranks 3rd globally in H1 2025 funding round: Tracxn

Bengaluru-led funding activity in India with overall startups raising $889 million, down 26% from H2 2024, shows Tracxn fintech report

India's fintech funding dips to $889 mn in H1 2025: Tracxn report

The highest-valued deal was Fisdom, acquired by Groww for $150 million, followed by Stocko, acquired by InCred Money for $35 million

Consumers get ₹7.14 cr refund in 2 months via consumer helpline support

With the assistance of the helpline, 15,426 consumer grievances related to refund claims were addressed. The grievances were related to 30 sectors

Nasscom to launch US CEO Forum in New York to boost India-US tech ties

The United States and India share one of the world's most strategic and future-facing technology partnerships, it further emphasised.

India launches anti-dumping probe into polyethylene imports from 6 nations

A notification by Directorate General of Trade Remedies mentions prima facie evidence of Linear Low-Density Polyethylene being dumped into India by exporters from the six countries

Coal miners spent ₹3K cr on progressive mine closure in 3 years: Official

The official said that in the case of non-coal, the state governments have been a bit slow in carrying out mine closure, with the forfeited money available to them through the Indian Bureau of Mines

IHCL unveils Taj Damdama resort as it eyes double-digit growth in FY26

IHCL unveils its re-imagined Taj Damdama Lake resort and spa in Gurugram, as part of a strategy aimed at achieving double-digit growth in FY26, driven by new openings and sector momentum

NITI Aayog backs port hubs and fund for chemicals to curb imports

While India is a major exporter of chemicals, it is also heavily reliant on imports, resulting in a $31 billion trade deficit in the sector in 2023

Small is big for PEs, companies as M&As rise to $45.4 billion in H1

Health care, retail emerge favourites as big-ticket transactions remain subdued

Early festival season may trigger fresh wave of gig hiring in FY26

Qcom alone is expected to account for a 60 per cent surge in gig hiring, adding 1.5-2 million roles, said Kartik Narayan, chief executive officer (CEO) of staffing at TeamLease

Risky to rely on only a few nations for mfg, supply chains: CII President

CII president Rajiv Memani says China's Foxconn exit signals the risk of over-relying on a few countries for manufacturing and supply chains, and outlines India's growth prospects for 2025-26

HC restrains Patanjali from airing ads criticising Dabur Chyawanprash

The Delhi High Court restrained Patanjali Ayurved from airing TV ads disparaging Dabur's Chyawanprash products, following Dabur's plea for an injunction against the allegedly defamatory campaign.

Luxury penthouses back in vogue on uber-rich Indians' growing appetite

Space, privacy, prestige selling points for buyers

Affordable segment slips with luxury units driving housing mkt for H1 2025

Sales of homes priced above ₹1 crore rose 17% year-on-year in H1 CY25, while affordable housing sales fell 18% due to demand and supply constraints, Knight Frank data shows

MIB proposes amendments to TV ratings guidelines, inviting more agencies

The Ministry of Information and Broadcasting proposes changes to the TV ratings system to foster competition and enhance the accuracy of data, particularly for connected TV platforms

Qcom thrives in metros but faces hurdles in smaller cities: Redseer

Despite quick commerce players extending operations to over 100 cities, Redseer notes that non-metro representatives of 90+ cities contribute just over 20 per cent of quick-commerce GMV

Arkade Developers to acquire Goregaon's Filmistan Studios for Rs 183 crore

Arkade Developers has entered a binding agreement to acquire Filmistan Studios' four-acre land in Goregaon, Mumbai, for Rs 183 crore, where it plans to launch a luxury residential project by 2026

E-auction of 730 FM radio channels to be conducted this month: I&B secy

In August last year, the Union Cabinet approved the proposal to conduct the third batch of e-auctions for 730 channels in 234 new cities with an estimated reserve price of Rs 784.87 crore

Affordable housing launches to remain muted despite rate cuts, tax benefits

While demand for sub ₹50-lakh affordable housing prevails, market players cite increased land rates, escalated construction costs and low margins as key prohibiting factors