Page 27 - Industry News

India's telecom imports from China rose to $6.37 billion in FY24: Govt

He also noted the Production Linked Incentive (PLI) Scheme for Telecom and Networking Products, and for Large Scale Electronics Manufacturing (LSEM)

VFS Global opens Odisha's first visa application centre in Bhubaneswar

New VFS Global centre in Bhubaneswar cuts travel burden, boosts global access

UPI transactions scale all-time high of Rs 29.52 trillion in March

UPI transactions reached an all-time high of ₹29.52 trillion in March, with strong growth in both volume and value, according to NPCI data

Meghalaya signs pact with Starlink to expand digital connectivity: CM

The CM said he was glad to witness the MoU signing between the Meghalaya government and Starlink India

ISF elects new leadership as contract staffing expands across sectors

Indian Staffing Federation names new leadership for 2026-28 as contract staffing expands across sectors, supported by rising demand and policy engagement

India's realty investment falls 62% in Q1 amid West Asia tensions: Vestian

The investment in real estate stood at $ 3.73 billion in the October-December quarter of the 2025 calendar year

Power sector leads rating upgrades in FY26 on stable operations: Icra

The broader credit environment remained favourable, with 388 upgrades compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times in FY2026

Cement industry to grow 7-8% in FY27, margins to stay under pressure: ICRA

In 2025-26 up to February, the cement industry posted a 9.2 per cent year-on-year increase in volumes

Power consumption rises marginally 1.8% to 149.56 bn units in March

The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time peak power demand of 243.27 GW was recorded in September 2023

Danube Properties launches Greenz project with villas, townhouses in Dubai

Danube Properties launches Greenz By Danube in Dubai, marking its entry into master-planned communities with villas and townhouses priced from AED 3.5 million

Coal demand rises in India as West Asia crisis disrupts gas supply

Coal demand in India is rising as the West Asia crisis disrupts gas supplies, prompting higher auctions by Coal India and pushing industries to reconsider fuel choices amid tightening energy markets

Rare earth corridors will reduce import dependence: Jitendra Singh

The minister said the corridors would focus on mining, processing, research, and manufacturing and help align these initiatives with national priorities

Real estate gets $1.4 bn of institutional investments in Q1 2026: Report

India's real estate sector drew $1.4 billion in institutional investments in Q1 2026, led by commercial assets and strong domestic inflows despite a quarterly decline, Vestian said

Corporate credit profile resilient in FY26 with higher rating upgrade: Icra

During FY26, ICRA upgraded 388 entities compared to 124 downgrades, resulting in a strong credit ratio of 3.1 times

Govt does not plan to revive offshore mining auction in near term

Authorities may explore the option ​of ‌auctioning different blocks to test interest among miners

Maharashtra RERA approves 1,060 housing projects around Gudhi Padwa

MahaRERA approved 1,060 housing projects around Gudhi Padwa, including new registrations, extensions and corrections, with maximum activity in MMR and Pune regions

Coal India arm SECL's production rises over 5% in FY26 amid rising demands

SECL recorded the total coal production of 176.2 million tonnes (MT) in FY26, up 5.26 per cent from 167.4 MT produced in 2024-25

Automotive metal forming market to reach $95 billion by FY30: Report

The industry has crossed a critical threshold in recent years, surpassing $80 billion in size in FY25 and transitioning from being a net importer to become a net exporter

From Oracle to Amazon: Tech layoffs sweep across global IT industry

The technology sector has seen major job cuts recently, with companies including Oracle, TCS, Amazon, Microsoft, Intel and Block cutting thousands as they restructure and invest in AI

West Asia conflict may push up realty construction costs by 5% in near term

Rising input costs and supply disruptions threaten project timelines and margins