Page 271 - Industry News
Bessemer raises $350 million in India fund to back new-age companies
Will focus on investments across AI, SaaS, fintech, digital health, consumer, and cybersecurity
 "Bessemer raises $350 million in India fund to back new-age companies")
Manipal, IHH in race to acquire Pune's Sahyadri Hospitals for Rs 6,000 cr
India is among the top markets globally for IHH and contributes around 16-17 per cent to its global revenues
 "Manipal, IHH in race to acquire Pune's Sahyadri Hospitals for Rs 6,000 cr")
Reliance JioStar to garner Rs 6,000 crore in IPL advertising revenues
58 per cent increase over last year's IPL
 "Reliance JioStar to garner Rs 6,000 crore in IPL advertising revenues")
Telecom subscriber base grows to 1,189.92 million in Dec; Jio tops: Trai
Reliance Jio Infocomm was the frontrunner with 476.58 million subscribers, followed by Bharti Airtel (289.31 million), and Vodafone Idea (126.38 million)
 "Telecom subscriber base grows to 1,189.92 million in Dec; Jio tops: Trai")
Lack of 5G monetisation, low RoI for telcos may delay 6G tech: COAI
Telecom operators have given orders for GPUs to better handle traffic on networks
 "Lack of 5G monetisation, low RoI for telcos may delay 6G tech: COAI")
IIHL's Rs 5,600 crore payment paves way for Reliance Capital acquisition
The payment comes ahead of a scheduled hearing on March 12 at the National Company Law Tribunal (NCLT) in Mumbai
 "IIHL's Rs 5,600 crore payment paves way for Reliance Capital acquisition")
Improve freight services, diversify beyond coal, cement: Rlys parl panel
The panel suggests a service model similar to the passenger system
 "Improve freight services, diversify beyond coal, cement: Rlys parl panel")
SC's ruling on interim moratorium to keep errant developers in check
Ruling that such moratorium doesn't shield anyone from paying regulatory dues is a blow to unscrupulous businesses, they say
 "SC's ruling on interim moratorium to keep errant developers in check")
Home & personal care sector needs ₹1 trn for sustainable future: IHPCIA
The sector stands at a critical juncture where strategic investments in renewable resources, eco-friendly manufacturing, and advanced packaging solutions can drive beyond GDP-linked growth
 "Home & personal care sector needs ₹1 trn for sustainable future: IHPCIA")
Airlines announce Holi discounts with fares starting from Rs 1,199
With only a few days to go before the country celebrates Holi, several airline companies offered discounts on fares on the occasion of the festival of colours.
 "Airlines announce Holi discounts with fares starting from Rs 1,199")
India's data centre capacity to grow to 2,000-2,100 MW by March 2027: ICRA
Indian data centre players are projected to invest Rs 2-2.3 lakh crore, with a development pipeline of 3-3.5 GW to be delivered over the next 7-10 years
 "India's data centre capacity to grow to 2,000-2,100 MW by March 2027: ICRA")
India's employment outlook rises 43% in Q2 2025: ManpowerGroup survey
The ManpowerGroup Employment Outlook Survey is based on inputs from 40,413 employers across 42 countries, including 3,000 head hunters across different regions of India from January 2-31, 2025
 "India's employment outlook rises 43% in Q2 2025: ManpowerGroup survey")
Indian pharmaceutical exports ranked 11th globally in 2023: Anupriya Patel
The Union Minister of State for Chemicals and Fertilisers gave the information in a written reply to the House
 "Indian pharmaceutical exports ranked 11th globally in 2023: Anupriya Patel")
Rooftop installations under PM Surya Ghar cross 1 mn mark: Pralhad Joshi
The PM Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape
 "Rooftop installations under PM Surya Ghar cross 1 mn mark: Pralhad Joshi")
IHCL signs first branded residences under Wellington Mews brand in UAE
The new properties are expected to be launched soon after Ramadan for an undisclosed amount, according to a company release
 "IHCL signs first branded residences under Wellington Mews brand in UAE")
Reduction in coal import saves around ₹42,315 cr of foreign exchange
The government has implemented several initiatives, including commercial coal mining and Mission Coking Coal, to enhance domestic coal production and reduce imports
 "Reduction in coal import saves around ₹42,315 cr of foreign exchange")
Kajol buys retail space in Mumbai's Goregaon West for Rs 28.78 crore
The property has been sold by Bharat Realty Ventures, a Mumbai-based real estate developer
 "Kajol buys retail space in Mumbai's Goregaon West for Rs 28.78 crore")
Investment in information security likely to grow 16.4% in 2025: Gartner
Building on the momentum from the previous year, security services is projected to record the highest growth among all segments, with an expected 19 per cent increase in 2025
 "Investment in information security likely to grow 16.4% in 2025: Gartner")
India's cotton imports to double as output falls short, says trade body
Higher imports by world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than 4 years after top consumer China levied duties on imports from US
 "India's cotton imports to double as output falls short, says trade body")
Govt mulls incentives for exporters amid global trade uncertainty
Though the government is yet to formulate the exact form of incentives to be given, the ₹2,250 crore Export Promotion Mission announced in Budget has room for flexibility in providing more incentive
 "Govt mulls incentives for exporters amid global trade uncertainty")