Page 29 - Industry News

India, China, southeast Asia set to dominate air travel growth, report says

According to Alton Aviation Consultancy, India is one of the world's fastest-growing aviation markets, underpinned by robust economic fundamentals and a rapidly expanding middle class

Slow UPI growth: Industry frets as monetisation remains elusive

A moderation in UPI growth is worrying industry players, who warn that low incentives and lack of monetisation could slow expansion of India's digital payments ecosystem

Budget 2026: Customs duty relief to make cancer, rare disease drugs cheaper

A customs duty exemption on select high-cost cancer and rare disease therapies is expected to lower treatment costs for patients while supporting demand for multinational and domestic pharma companies

Budget 2026: Pharma dept prescribes PLI boost for bulk drug output

FY27 PLI scheme allocation rises 2.24%, aiming to add 500 MT to domestic API production

Budget's manufacturing focus to support exports amid global headwinds

Sanjay Budhia, Chairman of CII's National Committee on Exports and Managing Director of Patton International Ltd, said the Union Budget 2026-2027 is a positive pointer unveiling the growth agenda

Budget 2026-27: 61% of labour ministry's record FY26 outlay unspent

Even as the labour ministry received its highest-ever allocation in Budget 2026-27, revised estimates show a majority of funds remained unutilised, largely due to low spending on central schemes

ToR for banking panel likely by next month, says DFS secy M Nagaraju

On hiking FDI in PSBs, DFS Secy M Nagaraju says govt is considering raising the FDI cap to 49% from 20% to boost capital; inter-ministerial consultations are underway

Budget 2026 announcements expected to give indirect boost to realty sector

Industry executives say the Budget's focus on data centres, city economic regions and infrastructure funding for tier 2 and 3 cities could spur demand across industrial, warehousing, office and reside

Indian edtech firms step up expansion, driven by familiar demographics

As Byju's and Unacademy struggle, Indian edtech firms like upGrad, Simplilearn and BrightCHAMPS expand steadily across Southeast Asia and West Asia

Supreme Court allows joint insolvency plea against linked realty companies

The Supreme Court has allowed a single insolvency plea against multiple real estate firms where entities are closely linked in a project's execution and operations

Railways get record Budget support for projects across states: Vaishnaw

Finance Minister Nirmala Sitharaman on Sunday announced budgetary support of ₹2.78 trillion and a total capital expenditure of ₹2.93 trillion for the Railways

Budget 2026: India's medical tourism sector gears up for next growth phase

With the medical value tourism market projected to cross ₹1.23 trillion by 2026, industry players see Budget 2026's proposal for regional hubs as a structural boost to India's global healthcare ambiti

White-collar hiring up 3% in Jan, led by non-IT sectors, freshers: Report

Non-IT sectors were the primary drivers of this growth, with BPO/ITES surging 21 per cent, hospitality/travel climbing 15 per cent, insurance advancing 7 per cent, and healthcare gaining 5 per cent

Domestic sale relief for SEZ units will be a one-time window: Revenue Secy

The revenue secretary said that details to implement the proposal will be worked out, and it would be in the form of an exemption notification under the Customs Act

Coal blocks to be allotted only through auctions, govt tells Rajya Sabha

Dubey said the government is ready to examine the Telangana state government's proposal to allot the Tadicherla coal block on an administrative basis to state-owned Singareni Collieries

Power consumption rises 3.8% to 142.74 billion units in January: Govt

According to the government data, the peak power demand met or the highest supply during January, also rose to 245.42 GW from 237.31 GW recorded in January 2025

Budget's push on infra, MSMEs to support demand: Steel industry players

The support extended to MSMEs is a significant move as a substantial portion of India's stainless steel capacity lies in this segment

Women-led startups see 30% jump to over 9,600 in Uttar Pradesh

At present, there are over 19,000 startups recognised by the Central Government's Department for Promotion of Industry and Internal Trade (DPIIT) in the state, according to a senior official

Monazite reserves pegged at 13.15 mn tonnes across 8 states: Reddy

Monazite is a reddish-brown, phosphate mineral rich in rare-earth elements (REEs) and thorium, primarily sourced from heavy mineral beach sands and igneous rocks

SEZ units get one-time domestic sales window in Budget amid 50% US tariffs

The Union Budget proposes a one-time measure allowing eligible SEZ manufacturing units to sell a portion of their output in the domestic market at concessional duty to offset US tariff shocks