Page 22 - Industry News

Microsoft launches 4th India cloud region in Hyderabad to boost AI capacity

The Hyderabad facility uses effectively zero water for cooling, relying on air-cooled chillers instead of traditional water-based systems

Starbucks signs pact with TN govt to set up GCC in Chennai, create 800 jobs

The move comes days after US pharmacy chain Walgreens signed a pact with the Tamil Nadu government to establish a GCC ​in the state's capital

Dilip Buildcon wins ₹1,265 crore EPC work for Maharashtra power project

Dilip Buildcon has been selected by RECPDCL for a Maharashtra intra-state transmission project, with its EPC component valued at ₹1,265 crore excluding GST

India's solar boom faces a new test as rising costs squeeze returns

Solar developers face higher costs from domestic cells, commodities and rupee depreciation, while competitive tariffs leave little room to absorb the increase, putting project economics under pressure

Premier Energies commissions largest solar cell plant, capacity at 10.6 GW

Premier Energies has commissioned a 7 GW N-type TOPCon G12R cell facility in Andhra Pradesh, taking total cell capacity to 10.6 GW as it expands high-efficiency solar manufacturing

SC says CBDT circular not binding in courts, rejects Section 80HHC claim

The court said export quota premium could not be treated as export income because the transaction did not involve receipt of foreign exchange

Principal employer not liable for gratuity of contractual workers: SC

The SC set aside a Bombay HC order holding ONGC liable for gratuity to workers engaged through a contractor, saying the Controlling Authority could only compute gratuity payable to an employee

Top 10 pharma firms sustain volume growth as smaller rivals struggle

The top 10 in August included Sun Pharma, Cipla, Abbott, Mankind Pharma, Torrent Pharmaceuticals, Alkem Laboratories, Intas Pharmaceuticals, Lupin, Zydus Lifesciences and Dr Reddy's Laboratories

Tata Trusts says Chandra reappointment invalid, invokes Mistry case

Tata Sons did not secure affirmative support of nominees: Tata Trusts

Coal India plans to raise annual R&D spending to ₹500 crore by FY30

The state-run miner plans to scale up research spending across mining, critical minerals, clean coal and energy-transition technologies, with the annual outlay reaching Rs 500 crore by FY30.

Mining to recycling: Pvt companies building India's lithium supply chain

From Zimbabwean mines and domestic refineries to battery recycling, Lohum, Altmin, Attero and Navprakriti are building alternative sources of lithium amid country's high import dependence

India's semicon push targets chips for cars, TVs, power infra: Vaishnaw

Vaishnaw cited a display-control module plant coming up in Uttar Pradesh as an example of the capabilities India is seeking to build

Ashiana Housing to invest ₹1,000 cr in FY27 to acquire land for expansion

Listed entity Ashiana Housing is one of the leading real estate developers in the country

Hiring expands beyond metros as tier II, III cities gain ground: Report

The findings point to a growing shift towards smaller cities as organisations expand their talent pools and adopt more distributed hiring strategies

Indian firms moving AI from pilots towards deployment: Salesforce

Salesforce South Asia CEO Arundhati Bhattacharya says Indian firms are moving towards production deployments, while the company plans to invest in infrastructure, talent and AI capabilities in India

ICAI issues new standard on sustainability assurance, effective April 2027

SSA 5000 is the Standard on Sustainability Assurance, and the General Requirements & Framework for Sustainability Assurance Engagements aligns with global standards

Govt rolls out GOBARdhan rules with assured CBG offtake, price support

The scheme offers CBG producers assured offtake of up to 100% of output, an administered price for at least 10 years and capital support to boost waste-to-energy projects and private investment

Chip majors beeline at Semicon India to build ecosystem with local talent

The three-day Semicon India 2026 event saw more than 51,000 registrations and around 40,000 visitors, with global semiconductor companies exploring partnerships and investments

Vaishnaw cautions industry on cyberattacks, threats to India's chip rise

As many countries look to India as a trusted partner and develop and manufacture their products here, the Minister said India cannot afford to take its position lightly and must stay vigilant

FMCG firms likely to hold prices through festive season amid cost pressures

Leading industry executives said companies have already gone for judicious increases of around 2-5 per cent in the June quarter to partly offset higher input costs