Page 253 - Industry News

Top 7 Indian cities see 4-8% rise in office rent in 2024: Vestian

Among seven Indian cities, Mumbai saw an increase of 6.7 per cent in monthly average office rent to $1.6 per square feet

First time in 10 quarters: Nifty 50 earnings likely contracted in Q4

The contraction is likely to have been caused by a margin compression for banks and manufacturers and a further slowdown in revenue growth

Industrial output growth slows to 6-month low of 2.9% in February

Consumer non-durables contracted for 3rd straight month

India Inc makes progress in corporate governance, says IiAS study

Notably, no BSE 100 company fell into the "basic" (lowest) governance category for the first time

Amid wavering loyalty, quick-service restaurants whip up treats for GenZ

Players are increasingly drawing inspiration from pop culture trends, and are now riding the Hallyu wave - a phenomenon about the growing global prominence of South Korean pop culture

Realtors may post mixed Q4 results as residential demand moderates

According to Anarock, housing sales across the top seven Indian cities declined by 28 per cent in Q4 FY25, driven by soaring residential prices and geopolitical headwinds

Equity investments in real estate up 74% at $2.9 billion in Q1CY25

Bengaluru, Mumbai, and Delhi-NCR accounted for 67 per cent of the total equity inflows

Don't lose sleep over DeepSeek, says Infosys cofounder Nandan Nilekani

Speaking at the Carnegie Global Technology Summit 2025, Nilekani said that owing to the quick mass adoption of AI in India, developments in the technology will also be much faster

Luxury rush: Hospitality industry may add 100,000 keys in 5 years

Ascott aims to double rooms to 12,000 by 2028; Hilton Hotels plans to grow operations by 10x in the next 10 years

India-US trade deal must address more on non-tariff barriers: SIA CEO

India and the US are holding discussions for a bilateral trade agreement (BTA) to rationalise import taxes in the respective countries

Daikin, Hitachi, Voltas sue Centre over its new e-waste recycling rules

The government's new rules mandate a minimum payment of Rs 22 (25 US cents) per kilogram to recycle consumer electronics and Rs 34/kg for smartphones

FMCG firms may register low single-digit revenue growth in FY25: Report

The inflationary pressure on most commodities continues to be high in Q4, hurting the margins of the companies, though prices for palm oil and tea have eased quarter on quarter

FM Sitharaman invites Austrian firms to invest in emerging sectors in India

Stressing that India has the manufacturing base and scale, she said, several Austrian companies have set up capability centres in India to leverage the excellent digital and IT talent in India

US VC firm Expert Dojo to invest $45 mn in Indian startups by FY28

The company has also opened its India office in Bengaluru, positioning it as a central hub for facilitating deal flow, supporting founders, and fostering collaboration within the ecosystem

10% MoUs signed at Rajasthan investment summit put to work in 3 months

The 'Rising Rajasthan' Global Investment Summit 2024, held in December last year, resulted in MoUs in different sectors worth around ₹35 trillion

Satellite internet: Opportunities and challenges in Starlink's India outing

Despite the promise of wide coverage, there is the issue of pricing. Airtel and Jio could help there

India's tech growth to enable faster AI adoption: Nandan Nilekani

He also stressed the need to change habits and workflows in enterprises and government to effectively integrate AI

Akasa Air to expand fleet to 30, eyes Navi Mumbai and Jewar as key hubs

Started operation just less than three years ago, the airline's passenger traffic more than doubled over the past year

Equity investment in Indian real estate rises 74% in Jan-Mar to $3 bn: CBRE

Investment inflows were primarily fuelled by developer activity and significant interest from real estate investment trusts

FMCG companies in wait-and-watch mode on new labelling guidelines

SC gives Centre 3 months to finalise regulations