Page 3 - Industry News

Tata Steel under Chandrasekaran: Doubling down on India, fixing Europe

Tata Steel more than doubled its Indian capacity through acquisitions and expansion, strengthening cash generation as it pursued a costly restructuring of its European operations

Railways drops risk-sharing plan with private firms for six rail lines

Changes strategy on proposal to build six rail lines, two months after FinMin panel clearance

D2C startups turn to qcom platforms for festive launches

D2C startups across food, beverages, fashion and electronics are using quick commerce as a launch and discovery channel, with festive-season demand driving new products and wider assortments

Bank of America arm to pick up 49.9% in Jio Credit for ₹18.3K crore

BofA will initially acquire 26.5 per cent of Jio Credit, with its holding rising to 49.9 per cent upon exercising warrants, subject to regulatory and statutory approvals

Top 11 developers target ₹1.8 trillion in pre-sales for FY27: Report

Anarock expects combined bookings to rise 22.3 per cent year-on-year, supported by steady demand, new launches and higher average selling prices

India's top 500 listed firms have only 9 women CEOs, 25 MDs: Govt data

Women remain underrepresented in senior corporate leadership, with just nine CEOs and 25 MDs among India's top 500 listed companies, according to data presented by the government in the Lok Sabha

DAE engages industries to develop nuclear vendors for SMR reactors in India

The department is sharing knowledge and supporting technology development as India seeks greater private-sector participation in nuclear manufacturing, engineering and supply chains

Tier-I cities gain share of festival season workforce: TeamLease report

Temporary hiring will rise across retail, e-commerce, logistics and consumer goods, with warehouse and store roles driving demand during the extended festive season

SC quashes Bombay HC order granting interim protection to Sunil Biyani

The apex court ruled that the High Court could not grant protection from a possible future arrest after finding Biyani's anticipatory bail application to be premature

With AI in picture, nearly half of GCC workers may need reskilling: Report

Nearly 46% of India's GCC workforce may need major upskilling or reskilling within three years as AI reshapes jobs, skills and business models

Govt spends ₹292 crore under National Green Hydrogen Mission so far: MNRE

The mission has awarded electrolyser capacity of 3,000 MW annually and green hydrogen production capacity of 756,100 tonnes per annum to participating companies

Airtel removes long-validity prepaid plans, keeps headline tariffs steady

The telecom operator has removed several 56- and 60-day prepaid plans as it seeks to move high-data users towards costlier packs and encourage migration to postpaid services

Exim Bank projects India's merchandise exports to grow 17.6% in Q2FY27

Non-oil exports are projected to rise 20.3 per cent to $113.8 billion, supported by geographical diversification, trade agreements and buoyant demand in partner countries

AI adoption surges, but are consumer firms seeing measurable returns?

Consumer firms are reporting operational gains from AI, but evidence that these benefits are translating into higher revenue, margins or Ebit remains limited

Over 36,000 firms shut ops in Maharashtra in 5 yrs, Oppn slams govt

The information was shared in the Lok Sabha by the Ministry of Corporate Affairs on August 10, in response to a question asked by Shiv Sena (UBT) MP Rajabhau Waje

Insurance regulators weigh reforms to tackle rising medical costs

Medical inflation of roughly 12% to 14% a ​year puts pressure on families and prompts authorities to hunt ways to standardise pricing and ‌coverage

El Niño drives India's July power demand to a record high: Crisil report

India's power demand is expected to rise 6.5-7.5 per cent this fiscal to 1,825-1,835 BU, driven by an expected increase in cooling demand due to higher temperatures and lower rainfall

35 years of liberalisation: How IT sector became India's dollar engine

India's IT industry was built not just on Y2K, but on the 1991 reforms that opened capital, technology, telecom and global markets, creating a powerful engine of exports and foreign exchange

Parliamentary panel bats for cap on private hospital room rents

The panel has recommended that basic hospital room tariffs should not exceed average room rates at three-star hotels in the peripheral area or vicinity of the facility

MMDR Bill can cut legacy mineral levy risks, boost mine economics: NMDC

NMDC says proposed restrictions on state-level mineral levies could provide greater fiscal certainty, reduce unexpected legacy claims and support long-term investment