Page 226 - Industry News
Nearly 80% of Indian shoppers discover new products via social media: Meta
Influencers, Reels and messaging offers are increasingly shaping buying decisions, with Meta-owned platforms playing a key role in both online and offline retail purchases
 "Nearly 80% of Indian shoppers discover new products via social media: Meta")
Karnataka HC refuses to stay halt on bike taxis; services to stop June 16
The Division bench of the High Court declined to stay its April order halting bike taxi operations, after the government said it had decided not to legalise the service under existing rules
 "Karnataka HC refuses to stay halt on bike taxis; services to stop June 16")
UK's Pearson to raise India headcount by 43% as market becomes key focus
Pearson India operates in education and assessment markets, targeting school goers, students aspiring for colleges overseas and corporate professionals
 "UK's Pearson to raise India headcount by 43% as market becomes key focus")
Services generates bulk of India's jobs, increases gap with manufacturing
Services employment creation has been robust in FY25 amid concern over impact of artificial intelligence
 "Services generates bulk of India's jobs, increases gap with manufacturing")
Mumbai tragedy: Railways may expand local train services to 4,500 a day
Mulling phaseout of old coaches as retrofitting technically tough, says top official
 "Mumbai tragedy: Railways may expand local train services to 4,500 a day")
Big 4 ramping up hiring for tech, biz consulting: Amrop India Study
An Amrop study shows EY and Deloitte ramping up hiring in tech and business consulting practices, with SAP, Oracle and digital roles driving talent and promotion growth
 "Big 4 ramping up hiring for tech, biz consulting: Amrop India Study")
China's rare earth export curbs: Battery recyclers look to mine opportunity
India requires a variety of rare earth elements-particularly neodymium, praseodymium, dysprosium, and terbium-primarily for use in permanent magnets for electric vehicles
 "China's rare earth export curbs: Battery recyclers look to mine opportunity")
Indian consumer seeking attractive pricing: Trent Chairman Noel Tata
While addressing shareholders, he said, "We are growing the desirability of our offerings and building the density of our presence across key micro-markets to serve our customers better.''
 "Indian consumer seeking attractive pricing: Trent Chairman Noel Tata")
Mhada invites tenders for cluster redevelopment of Kamathipura, Mumbai
Project covers 943 buildings and 8,000 tenants across 34 acres, with 44,000 sq m to be returned to Mhada and 5.67 lakh sq m of development rights for the builder
 "Mhada invites tenders for cluster redevelopment of Kamathipura, Mumbai")
Rajasthan HC refuses IHCL plea on land use dues to Jai Mahal Palace Hotel
The court had also ordered an annual increase in the amount to be paid to Jai Mahal Palace Hotel if arbitration is delayed beyond May 2029
 "Rajasthan HC refuses IHCL plea on land use dues to Jai Mahal Palace Hotel")
Rourkela Steel Plant commissions advanced ladle furnace to boost output
A ladle furnace is the second unit used to refine molten steel after it is produced in a primary furnace
 "Rourkela Steel Plant commissions advanced ladle furnace to boost output")
SECI invites bids for 2,000 MW solar project with energy storage system
The last date to submit online bid is July 22, and for offline it is July 24, 2025. The bids will be opened on July 25
 "SECI invites bids for 2,000 MW solar project with energy storage system")
Bharat Biotech signs pact with GSK to develop Shigella vaccine candidate
Hyderabad-based Bharat Biotech will lead Phase 3 trials, regulatory progress and manufacturing for Shigella vaccine altSonflex1-2-3 in collaboration with GSK
 "Bharat Biotech signs pact with GSK to develop Shigella vaccine candidate")
Tier-2 housing supply falls 35% in Q1 2025, affordable segment hit hardest
New launches in India's top 15 tier 2 cities decline steeply, led by a 54% slump in affordable homes and a shift toward mid- to high-value segments
 "Tier-2 housing supply falls 35% in Q1 2025, affordable segment hit hardest")
India's influencer marketing industry to grow by 25% in 2025: Report
India's influencer marketing industry is growing with support from brand trust, agency M&As and a government fund for creators, shifting focus to content quality and relevance
 "India's influencer marketing industry to grow by 25% in 2025: Report")
High temperatures take toll on realty, project timelines, impact workers
Realty & construction cos taking tactical measures: Heatwave training, on-site housing, new tech and more
Centre sets up a new task force to boost country's textile exports
The discussion touched upon a wide range of issues affecting the textile value chain
 "Centre sets up a new task force to boost country's textile exports")
Task Force on textile exports to tackle sectoral issues: Commerce Ministry
The first meeting of the task force was held on June 10 under the chairpersonship of Commerce Secretary Sunil Barthwal to discuss issues
 "Task Force on textile exports to tackle sectoral issues: Commerce Ministry")
Rare earth, tariffs and geopolitics: Centre walks tightrope on trade deal
Supply-chain disruptions related to rare earth magnets from China are another cause of geopolitical anxiety for the government at this point
 "Rare earth, tariffs and geopolitics: Centre walks tightrope on trade deal")
Social protection cover in India rises to over 64% in 2025, says ILO
India's social security coverage reaches 64.3 per cent in 2025, up from 19 per cent in 2015, as verified by ILO using new national-level data pooling by the Centre
 "Social protection cover in India rises to over 64% in 2025, says ILO")