Page 3 - Industry News

Bengaluru matches Tokyo with 11.5% office rent growth in Q3: Knight Frank

Bengaluru matched Tokyo with 11.5 per cent annual growth in prime office rents in Q3 2026, while Delhi-NCR and Mumbai recorded gains of 5.4 per cent and 4 per cent

Centre constitutes social security board for gig, unorganised workers

The three-year board will advise the Centre on welfare schemes for gig, platform and unorganised workers, with representatives from aggregators, trade unions and state governments.

GAIL Q2 net profit jumps to ₹4,650 cr as gas marketing revenue rises

GAIL's September-quarter profit more than doubled to ₹4,650 crore as gas marketing revenue rose 31%. The company also approved plans to list subsidiary GAIL Gas through an IPO.

CDSCO asks Sun Pharma to halt eye-care drug production over quality lapses

Indian drug regulators ordered Sun Pharma to halt eye-care drug production at its Assam plant over quality lapses, following the recall of 332 batches of ophthalmic products.

Hyatt, Saraca announce agreement for four hotels across North India

The agreements cover two existing properties in Lucknow and Corbett, which will join Hyatt brands, and two new hotels near Jim Corbett National Park

India's pharma exports grow 4.9% to $16.14 bn in H1FY27 on Europe gains

India's pharmaceutical exports rose 4.9 per cent to $16.14 billion in H1FY27, driven by growth in Europe, ASEAN and Latin America, even as shipments to the US moderated.

Raw material costs continue to squeeze corporate margins in Q2FY27

Rising raw material costs are squeezing corporate margins, with companies facing tough choices on price hikes amid fragile demand

Coal India Q2 net profit jumps 57% to ₹6,547 crore on higher realisations

Coal India's Q2FY27 profit rises to ₹6,547 crore as higher coal realisations and other income offset rising expenses, while total income increases 21 per cent to ₹46,833 crore

Afcons wins ₹3,469 crore contracts for Jewar Expressway, Lucknow Metro

Afcons Infrastructure secures two EPC contracts for the 24.5-km Jewar Link Expressway and a 6.52-km underground Lucknow Metro stretch, taking its FY27 order wins to ₹19,438 crore

Govt plans to rate national highway corridors on safety, road quality

Highways to be ranked on efficiency, safety and user experience

India's pharma, healthcare deal volumes rise 23% in Q3 2026: Report

India's pharma and healthcare sector recorded 87 deals worth $4.3 billion in Q3 2026, as private equity activity surged and public market fundraising gained momentum.

India's cement sector cuts energy use, but worker safety worsens: Report

An iFOREST report finds improved energy and carbon efficiency in India's cement sector, but flags rising groundwater use in water-stressed areas and worsening worker safety.

Halt in Russian crude imports could raise costs for Indian refiners: Kpler

Refiners may face tighter competition for alternative supplies and higher freight and procurement costs, while limited scope to raise Venezuelan oil output could restrict access to cheaper heavy crude

Corporate demand for workers with green skills rises: LinkedIn report

LinkedIn found that green hiring is growing faster than the share of green talent in India's workforce, with employers seeking skills to cut costs, improve efficiency, and reduce environmental impact

Govt extends new ESIC amnesty scheme by three months till December 31

The 'New Amnesty Scheme 2025' is a one-time dispute resolution initiative aimed at reducing the backlog of court cases and promoting compliance under the erstwhile ESI Act

NCLT completely hijacked by Ministry of Corporate Affairs: Supreme Court

The observations were made while hearing a petition filed by contractual employees working in the NCLT and National Company Law Appellate Tribunal (NCLAT)

PHDCCI seeks abolition of LTCG tax on listed equities, lower STCG rate

The industry body has proposed scrapping LTCG tax, cutting STCG tax to 10 per cent or lowering STT, arguing that a lighter tax burden could support investment and retail participation

India signs world's largest green hydrogen offtake commitments: MNRE

Twenty-three contracts covering over 550,000 tonnes per annum of green hydrogen equivalent have been signed since 2023, with more than 70 per cent earmarked for exports

HERC halts Eleven Power's parallel distribution licence for Gurugram, Nuh

HERC has halted the parallel distribution licence granted to Eleven Power for Gurugram and Nuh following state government directions, raising concerns over power sector reforms.

Textiles PLI scheme reopens with lower ₹100 crore turnover threshold

The Centre has lowered the minimum turnover requirement from Rs 200 crore to Rs 100 crore and extended the scheme's tenure to FY34 for applicants approved under Round 4.