Page 206 - Industry News

Apr-May finished steel imports fall 27.6% as China, Japan shipments decline

India was a net importer of finished steel during the period, with exports falling 18.1 per cent year-on-year to 0.8 million metric tonnes

Rajasthan bets big on solar power to emerge as a renewable energy leader

Due to Rajasthan's rising electricity demand, which is increasing by an estimated 8-10 per cent annually, the government's focus is to obtain 43 per cent of power consumption from solar energy by 2030

Kaynes Semicon to fire off India's first paid chip prototype next month

Deal with US-based AOS secures over 60% of Phase-I output

Hotel sector grows on surging room rates, shows HVS Anarock data

In May 2025, the country's average rates showed resilience, holding firm despite the seasonal slowdown and the height­ened tensions with Pakistan

KKR's JB Chemicals exit cements its strong healthcare track record

The sale of its 46.39 per cent stake in JB Chemicals to Torrent Pharmaceuticals comes over four years after KKR acquired control of the company in 2020

Goyal discusses FTAs with industry, exporters ahead of key trade talks

Piyush Goyal meets export councils and industry groups to review trade pacts, gather views on new FTAs and SEZ reforms as India negotiates key global agreements

Oswal Group, Marriott to develop ₹260 crore Westin Hotel in Ludhiana

Marriott to operate a 200-key Westin Hotel in Ludhiana under partnership with Oswal Group's realty arm, part of a seven-acre mixed-use commercial project

Railways revises passenger train base fares effective July 1: Check here

Revised fares for passenger, express, and premium trains take effect from 1 July; suburban fares and other charges remain unchanged as Railways updates ticketing systems

Steady buyer sentiment drives Mumbai property registrations to H1 2025 high

Experts indicate buyers are moving towards high-ticket-size transactions, with the city recording its second-highest property registration figures in June 2025

Uttar Pradesh expects tourist inflow to double to 1.3 billion in 2025

To accommodate the growing number of backpackers, about 100,000 new hotel rooms have been added to the existing inventory across UP

Co-working operators' office leases up 48% in top 7 cities: Colliers

Co-working operators leased 65 lakh square feet in the January-June period across seven cities -- Delhi-NCR, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru

Indian pharma eyes US gains as $63.7 bn patent cliff nears: Analysts

Shift is expected to drive a sharp increase in generic drug launches, positioning Indian drugmakers for strong growth

NxtQuantum AI-powered 5G smartphones to be next market giant-killer

Currently, the cheapest 5G smartphones in India are priced above ₹8,000. Sheth's latest offering promises not just affordability, but also compatibility with standalone and non-standalone 5G networks

80% domestic passengers expected to use Digi Yatra app by 2028: CEO

The app will support more Indian languages, enable driving licence onboarding, and run pilots for international and hotel check-ins over the next few months

SIAC rules for Amazon in Future case, awards ₹23.7 crore damages

Amazon wins arbitration against Future Group at SIAC, but tribunal awards a fraction of claimed damages citing FRL's declining value and Covid-related business loss

Growth to remain muted for IT services firms in Q1 amid macro uncertainty

Expected to deliver low single-digit growth because of geopolitical headwinds

OIL targets LatAm lithium; govt weighs soft finance, quicker nods

A team from OIL - the first state-run oil firm to set up a dedicated department for critical minerals - visited the so-called Lithium Triangle last month

Torrent Pharma to acquire JB Pharma from KKR at ₹25,689 cr valuation

Torrent Pharma will acquire KKR's 46.39% stake in JB Pharma followed by open offer and merger, strengthening chronic segment and CDMO footprint in India and abroad

Fossil to future: ONGC charts a bold path; pivots to LNG, renewables

As oil loses ground and an era of energy transition dawns, ONGC, India's flagship producer, has accelerated plans for renewables, biofuels, and nuclear ventures

Affordable housing dream of millions in India gets closer to reality

RBI's rate cuts and revised lending norms could help a segment that developers have largely ignored