Page 21 - Industry News
Gabriel India forms joint venture with Forvia for advanced seating systems
The joint venture, Faurecia Anand Seating India, will combine Forvia's seating technology with Gabriel India's manufacturing capabilities to serve Indian automakers.
 "Gabriel India forms joint venture with Forvia for advanced seating systems")
Govt cuts stock limit for sugar dealers to 1,000 quintals from Oct 15
The Department of Food and Public Distribution on Tuesday issued a gazette notification to implement this decision, which will come into effect from October 15
 "Govt cuts stock limit for sugar dealers to 1,000 quintals from Oct 15")
Flipkart Fashion seller base jumps 77% after zero-commission move
Its fashion seller base has grown 77% this year, and new listings have more than doubled, as its Big Billion Days (BBD) sale begins October 8
 "Flipkart Fashion seller base jumps 77% after zero-commission move")
L&T arm bags order worth over ₹5,000 crore for Jharkhand power project
L&T Energy CarbonLite Solutions has secured a limited notice to proceed for the main plant package of the 1,600 MW Chandrapura thermal power project in Jharkhand.
 "L&T arm bags order worth over ₹5,000 crore for Jharkhand power project")
GST Council meet: Industry seeks smoother refunds and fewer notices
As the GST Council prepares to meet, businesses want the next phase of reform to focus on getting stuck credit moving, reducing repeated scrutiny and making compliance simpler
 "GST Council meet: Industry seeks smoother refunds and fewer notices")
Repo rate hike may raise costs, but real estate demand to stay resilient
The Reserve Bank of India raised its benchmark interest rate by 25 basis points to 5.50 per cent on Wednesday, its first increase in nearly four years
 "Repo rate hike may raise costs, but real estate demand to stay resilient")
PM Surya Ghar crosses 17.5 GW; rooftop additions fall for 2nd month: Report
PM Surya Ghar has crossed 17.5 GW, but monthly rooftop solar additions fell for a second straight month, a report shows
 "PM Surya Ghar crosses 17.5 GW; rooftop additions fall for 2nd month: Report")
Starlink India ops built to meet country's regulatory needs: Official
Starlink Business Operations Vice President Lauren Dreyer said the company has made an investment in setting up the required infrastructure to serve the Indian market
 "Starlink India ops built to meet country's regulatory needs: Official")
Steel ministry unlikely to seek curbs on cheap imports despite mills' plea
New Delhi had last December imposed import tariffs on some grades for three years but despite the measure, there has been a surge in imports
 "Steel ministry unlikely to seek curbs on cheap imports despite mills' plea")
Nasscom flags 2 GST issues for services exports ahead of Council meet
The Goods and Services Tax (GST) Council is scheduled to meet on October 8
 "Nasscom flags 2 GST issues for services exports ahead of Council meet")
Spot electricity prices double amid demand surge and coal crunch
Most NTPC plants have coal stocks for just 7 days
 "Spot electricity prices double amid demand surge and coal crunch")
Proposed GST changes aim to make India's services exports more competitive
Proposed changes seek to widen the definition of services exports, ease rules around overseas branches and allow faster GST refunds through a risk-based mechanism
 "Proposed GST changes aim to make India's services exports more competitive")
Factory output rebounds in Q2FY27, but risks to recovery remain: Ficci
About 95 per cent of manufacturers reported higher or steady production in Q2FY27, while rising costs and geopolitical uncertainty continued to weigh on investment
 "Factory output rebounds in Q2FY27, but risks to recovery remain: Ficci")
Strong revenue growth powers GCPL's Q2 show, margins remain in focus
GCPL expects high-teens revenue growth and double-digit Ebitda growth in Q2FY27, but commodity inflation and higher investments could keep margins under pressure
 "Strong revenue growth powers GCPL's Q2 show, margins remain in focus")
Flexi staffing employment rises 2.6% in Q1FY27, manufacturing leads
India's formal flexi staffing workforce reached 1.95 million in Q1FY27, up 7.5 per cent year-on-year, as manufacturing and consumer-facing sectors drove hiring
 "Flexi staffing employment rises 2.6% in Q1FY27, manufacturing leads")
HAL to set up new Shakti engine production line at Odisha facility
The ₹218-crore Koraput production line will manufacture up to 100 Shakti engines annually and cater to indigenous helicopters, including Dhruv and Prachand
 "HAL to set up new Shakti engine production line at Odisha facility")
Festive hiring grows 7% to 1.27 lakh jobs, led by quick commerce: Report
Quick commerce recorded the fastest festive hiring growth at 18 per cent, while Tier-III and emerging cities led geographic growth with a 15 per cent rise
 "Festive hiring grows 7% to 1.27 lakh jobs, led by quick commerce: Report")
State scrutiny of pharma price mark-ups may lead to review of TMR policy
Drug regulators in Maharashtra, Karnataka and Uttar Pradesh are gathering data on price mark-ups, potentially strengthening the case for a review of trade margin rationalisation
 "State scrutiny of pharma price mark-ups may lead to review of TMR policy")
PE investments into Indian real estate rise 23% to $2.7 bn in H1 FY27
Private equity inflows into Indian real estate rose 23 per cent to $2.7 billion in H1 FY27, led by stronger domestic capital and large foreign investments in data centres
 "PE investments into Indian real estate rise 23% to $2.7 bn in H1 FY27")
Domestic steel demand to grow 8-10% in H2 FY27: Tata Steel CEO
The industry executive made the remarks on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in the national capital
 "Domestic steel demand to grow 8-10% in H2 FY27: Tata Steel CEO")