Page 22 - Industry News

SC admits Fada plea on GST compensation cess; issues notice to Centre

The Supreme Court has admitted Fada's writ petition challenging the non-transition of accumulated GST compensation cess credits under GST 2.0, and issued notice to the Union government

Routine jobs will be lost as new tech gains ground: Narayana Murthy

Infosys founder N R Narayana Murthy said AI and other new technologies will eliminate routine work, but productivity gains can create jobs if workers learn to use and master these tools

Regional dishes still rule Indian breakfast tables despite protein trend

Id Fresh Foods started selling rice batter for dosa and idli in 2005, identifying a white space in the packaged food market

Vineyards with wine tourism: A heady mix for hospitality business

Sula opened the country's first vineyard tasting room in the late-1990s, followed by amphitheatres, restaurants and festivals

BSP fabricates Bloom Caster Tundish in-house, a first for SAIL

Officials said the initiative has reduced the conventional procurement lead time from six to eight months to just two months

India's ferrous scrap imports jump 45% in FY26 as domestic supply lags

India's ferrous scrap imports rose sharply in the current financial year, underlining continued dependence on overseas supplies as domestic scrap generation remains structurally constrained

India regains favour, China slips to underweight allocation: BofA survey

BofA's Asia Fund Manager Survey shows India regaining a mild overweight as a diversification play against AI-led markets, while China slips to underweight on stalled momentum

Delhi HC keeps Powergrid tender ban on KEC in abeyance, allows bids

Delhi High Court has kept Powergrid's nine-month tender ban on KEC International in abeyance and allowed it to bid for ongoing projects, pending a fresh order by PGCIL

India's paid music market to hit high notes in next 5 yrs: Universal Music

Universal Music India expects the country to emerge as a major paid music market within five years as subscriptions rise and the industry pivots away from free streaming

Thailand pips UAE to emerges as top New Year destination for Indians

Sri Lanka, Vietnam and Malaysia rounded off the top five international destinations for 2025, according to year-end travel trends by MakeMyTrip

India Inc believes AI enhances productivity, quality of work: EY report

In India, where 800 employees and 50 employers were surveyed, a strong environment supports employee engagement and resilience in the changing AI landscape

M&As, PE bets and big exits: How India's corporate story unfolded in 2025

India's corporate industry in 2025 saw major mergers, acquisitions, private equity investments and big exits. Here's a look at key deals and moves

Knowledge most powerful tool for India to become $5 trn economy: Gadkari

Speaking at an event in the Indian Institute of Technology Bombay, he said the future of any country is based on the type of futuristic technology it possesses

Coal, mining sector set for busy 2026 as reforms target energy security

As India races toward its ambitious Viksit Bharat goals, the Centre is rolling out sweeping reforms in the coal and mining sector to bolster national energy security

FMCG industry eyes high single-digit volume growth in 2026, better margins

The trend of premiumisation is expected to continue, but more selectively, with consumers continuing to prioritise quality, indulgence and wellness

'Eye on $500 bn by 2047, pharma steps into 2026 with focus on innovation'

'Today, Indian pharma stands at a defining moment and the next 25 years will be shaped by innovation, quality, and access,' Indian Pharmaceutical Alliance Secretary General Sudarshan Jain said

Weakening rupee makes long-haul travel costlier in 2025, data shows

Weak rupee and higher airfares are pushing up overseas travel costs for Indians, with long-haul destinations seeing package prices rise by up to 14% in 2025

DPDP Act to change India's privacy regime: DSCI CEO Vinayak Godse

India's Digital Personal Data Protection Act will fundamentally alter how companies handle user data, mirroring GDPR's impact in Europe, says DSCI CEO Vinayak Godse

Business that's hiring as AI race hots up: GCCs outpace IT giants

GCCs outpace traditional IT giants in taking in talent as they pivot from basic operations to strategic AI, marking a decisive shift from maintenance to modernisation

Floor price for API imports may boost local offtake of pharma inputs

DGFT's floor prices on select bulk drugs aim to curb Chinese dumping, support PLI-backed manufacturers and lift domestic offtake, though capped medicine prices may limit cost pass-through