Page 223 - Industry News

Cognizant gets 21-acre plot in Andhra for 99 paise to build IT campus

The land will be used for a ₹1,582.98-crore IT campus that Cognizant will build in Visakhapatnam, and which is expected to create about 8,000 jobs over a period of eight years

IPO-bound Kalpataru sells properties worth Rs 2,727 cr in Apr-Dec FY25

The company has fixed a price band of Rs 387 to Rs 414 per share for its Rs 1,590 crore initial public offering (IPO), which will open for public subscription on June 24 and conclude on June 26

India's response to obesity drug Mounjaro 'positive', says Eli Lilly

Mounjaro has sold more than 81,570 units in India, totalling about ₹23.94 crore ($2.76 million) as of May, with the drug logging a 60 per cent rise in overall sales between April and May

Air India flight grounded in Pune after bird hit; return leg cancelled

Air India cancelled eight international and domestic flights earlier on June 20, citing maintenance and operational issues

Lights, camera, crisis? Hindi films struggle despite 27% box office jump

Despite big box-office earnings, Bollywood insiders warn of dwindling theatre audiences, overdependence on big-budget films, and a growing shift toward OTT platforms

Foxconn eyes iPhone enclosure manufacturing in Tamil Nadu

Until now, only Tata Electronics has been producing enclosures in India, while Foxconn has concentrated on assembling iPhones at its Sriperumbudur plant

Govt plans ₹5,000 cr boost for rare earths amid China export curbs

Since April 2025, China's rare earth export curbs have caused global magnet shortages. At least five major Indian firms have informally shown interest in producing rare earth materials locally

PM Modi's 'make in India' strikes emotional chord with the consumers

The survey shows that 58 per cent of the respondents in China want to buy local products in Q2 of 2025. This has gone up sharply by 7 per cent over the previous quarter

Cooperative taxi platform aims to offer fair pricing and social security

Backed by eight major cooperatives including Amul and IFFCO, Sahakar Taxi will launch in December 2025, starting with Delhi, Gujarat and Maharashtra under a driver-owned model

IT union AIITEU slams TCS' 225-day billability and 35-day bench policy

The union calls TCS' new billability mandate and bench limit an anti-worker move that shifts responsibility from management to employees amid rising utilisation rates

Sales of listed non-financial private companies grow 7.1% in Jan-Mar: RBI

Aggregate sales growth (y-o-y) of 1,659 listed private manufacturing companies moderated to 6.6 per cent during Q4:2024-25 from 7.7 per cent during the previous quarter

Intel to lay off over 10,000 factory workers as part of cost-cutting drive

The company said the layoffs will be driven by investment priorities, skills assessments and performance, and ruled out voluntary exits or buyouts

EV plans face 24-month delay as OEMs, suppliers hit R&D, execution limits

The study finds that the sector's biggest challenge is not a lack of vision or technology, but a widespread execution breakdown across the value chain

Rajasthan brings new rules to develop the mining-affected areas

For DMFT, 30 per cent of royalty amount is collected from old mines of major minerals and 10 per cent each from auctioned major mineral mines and minor mineral mines

AWS plans to add $23 bn to India's GDP by 2030, says Sandeep Dutta

AWS to invest $12.7 billion in India by 2030 as part of its digital infrastructure expansion and AI integration, supporting over 1.31 lakh jobs annually across sectors

For Herman Jansen, India still a strategically-important emerging market

The company will focus on growing its European and South East Asian market, says Diederik Jansen

Bajaj Markets joins ONDC network; brings 16 million traffic to network

It allows Bajaj Markets 16 million traffic to access ONDC's decentralised network, offering a wide selection of premium electronics and appliances, along with flexible financing options

IIT Madras, STL launch multi-core fibre testbed at TTDF Symposium

The MCF testbed will enable academic and industry collaboration for R&D in optical fibre communication, with underground and aerial cable infrastructure

IPL 2025 scores viewership record with 840 bn mts watch time: JioStar

A billion viewers across TV and digital platforms watched the tournament; RCB -PBKS final most-watched match in IPL history

Over 91% of toys tested by BIS found compliant with quality norms

The bureau has undertaken extensive enforcement activities following the implementation of the Toy (Quality Control) Order in January 2021, said Anil Kapri, Director and Head of BIS