Page 26 - Industry News

Nitin Gadkari warns of strict action against faulty project reports

Nitin Gadkari warned that defective DPRs and poor construction quality are contributing to highway accidents, while contractors and consultants face stricter audits and possible blacklisting

SC dismisses Centre's review plea in GST ITC case vs Airtel, Indus

Court finds no error in its August 2025 ruling allowing ITC on telecom tower infrastructure

Govt stresses conflict-of-interest safeguards under RDI fund framework

Jitendra Singh stresses safeguards to protect taxpayers' money and private capital as selection of second-level fund managers is expected within about two weeks

Telecom dept starts process to disband Digital Communication Commission

"The process for seeking cabinet nod to dissolve the Digital Communication Commission has started," an official source told PTI.

Cabinet clears 4 railway projects worth ₹9,450 cr, to add 410 km to network

The projects will add about 410 km to the Indian Railways network and are scheduled for completion by 2030-31, the government said in a statement

US financial services firm Charles Schwab sets up GCC in Hyderabad

The 3.45 lakh sq ft Schwab India centre will support the US business through technology, engineering and operations, with headcount targeted at around 2,000 by end-2027

India's real estate resilient amid W Asia crisis, demand healthy: CareEdge

Capital inflows stood at $3.5-4 billion in H1 2026, while healthy premium housing demand, GCC-led office leasing and stronger developer balance sheets supported the sector

Misinformation being spread over Vizag data centres' water needs: Minister

Addressing the Assembly, the IT Minister said Google's decision to invest in Visakhapatnam had triggered wider interest from other IT companies in the city

India builds long-life infra, but corrosion remains a costly weak link

A Nomura report estimates India's corrosion bill at ₹14.1 trillion a year, raising questions over whether infrastructure standards and maintenance practices are keeping pace with rapid asset creation

UP-Japan investment meet to focus on green hydrogen, semiconductor push

The meet will include a CEO Roundtable chaired by Chief Minister Yogi Adityanath and virtual groundbreaking for projects worth ₹3,191 crore

Hospital room-rate cap may hurt healthcare expansion, warns industry

Healthcare stakeholders say linking private hospital room rates to three-star hotel tariffs could hurt investment, capacity expansion and the financial sustainability of quality care

Can existing retail stores challenge dark stores in quick-commerce race?

As quick commerce expands into smaller cities, existing retail stores can lower fixed costs, but their edge depends on order density, basket economics and fulfilment efficiency

How to embrace AI: Indian IT firms gear up for the reskilling challenge

AI could disrupt millions of jobs even as it boosts productivity and creates new opportunities, forcing India's IT industry to rethink hiring, reskilling and business models

Nalco launches pilot plant to recover value-added products, rare earths

The facility, developed with IMMT and KIIT, will focus on recovering ferro-titanium alloy, metallic iron and rare earth elements, including scandium, from industrial residue

Reliance Jio's tariff plan change likely to set stage for tariff hikes

Jio Prime offers protection against tariff revisions until September 2027, while analysts say the membership structure could indicate an impending headline tariff hike

Delhi High Court bars Zydus from launching patented cancer drug

Zydus undertakes not to commercially manufacture or launch Dabrafenib until Novartis' Indian patent expires in May 2029; statutory Bolar rights remain protected

500-plus exhibitors, 290 companies to feature in Semicon India 2026

The three-day event will feature more than 500 exhibitors, over 290 international companies and delegations from more than 40 countries as India prepares for ISM 2.0

Datanomics: AI hiring rises in India, legislative mentions remain limited

India's AI hiring share has risen steadily, but limited legislative engagement and a market-driven talent ecosystem highlight gaps in policy and research

India offers over ₹1 trn digital connectivity opportunity: BIF President

According to Ramachandran, 60 to 70 per cent of the country's population depends on agriculture and at present there is no way of launching or reaching networks in a viable way to fields

Vizhinjam Port begins EXIM operations, opens gateway for India's trade

The port is set for a Rs 16,000-crore Phase 2 expansion that will raise annual capacity to 5.7 million TEUs by December 2028 and create over 5,000 additional jobs