Page 3 - Industry News

Q1 results preview: FMCG companies may witness double-digit sales

FMCG firms are set to post double-digit Q1 FY27 sales growth as heatwave-led demand boosts summer products, while volume growth remains steady

Clean energy push: Japan's IHI Corporation, ACME seal ₹67K cr outlay pact

Odisha signed a Memorandum of Cooperation with Japan's IHI Corporation and ACME Group for green ammonia and methanol projects worth ₹67,000 crore, boosting India-Japan clean energy ties

Dark cloud looms over hotel revenues amid drying reservoirs, rising costs

Longer heatwaves caused by El Niño have become a cautionary factor for the wider market, with dropping water reservoir levels setting off alarm bells for highly populated cities like Mumbai and Delhi

Amazon Now, Flipkart Minutes go full throttle in India's qcom space

Amazon Now and Flipkart Minutes are expanding aggressively to challenge Blinkit, Instamart and Zepto, betting on scale, Tier-II markets and existing customer ecosystems

As India expands QR tracking, pharma industry looks to AI for quality

While expanded traceability aims to curb counterfeit medicines, industry says predictive manufacturing could help reduce NSQ drugs

Govt orders removal of apps used to remotely shut down e-vehicles

The government has ordered app stores to remove BAT-BMS, Lossigy and Epoch-i-ion after videos showed they could be used to remotely disable electric vehicles, citing cybersecurity concerns

IT Ministry summons Meta executives over ads promoting CSAM in India

Meta executives meet IT ministry officials over WhatsApp username issue

Results preview: High base may weigh on developers' Q1 pre-sales

Developers have become selective in launching new projects: Analysts

Mukesh Ambani among three Indians on AI for Good Global Commission

Mukesh Ambani, Lakshmi Mittal and Sunil Mittal are among the founding members of the AI for Good Global Commission, which aims to advance responsible and inclusive AI globally

Energy importer India will soon export clean energy, says ACME chief

ACME Group says Odisha will become India's gateway for green ammonia exports to Japan, marking the country's transition from energy importer to clean energy exporter

Japanese enterprises accelerating growth of GCCs in India: Deloitte

Japanese firms have established over 100 global capability centres in India, with Deloitte projecting these hubs will drive innovation, economic growth and high-skilled employment by FY2030

Amazon Data Services pre-leases 4 acres in Mumbai for data centre expansion

Amazon Data Services has pre-leased 4 acres in Mumbai's Powai from Larsen & Toubro for its data centre expansion, with a rental commitment of over ₹650 crore across nearly 18 years

Meta team meets IT Ministry over username feature, to reply within 3 days

The Centre directed WhatsApp to keep the rollout on hold until consultations are completed "to the satisfaction of the Government"

Vaishnaw asks Meity to summon Meta over Instagram child abuse content

IT Minister Ashwini Vaishnaw has asked MeitY officials to summon Meta over allegations that Instagram carried advertisements promoting child sexual abuse material

Hudco to provide up to ₹1 trillion loan for Bihar infrastructure projects

The proposed financing is equivalent to about $10.5 billion at current exchange rates, the company said

India taxes crypto, but RBI still wants distance. Can both coexist?

Crypto is taxed, tracked and traded in India. But the RBI still refuses to recognise it as an asset class. Can this uneasy arrangement endure?

India among lowest-cost solar markets, beats China on PV power cost: IRENA

India's utility-scale solar power cost stood at $35 per MWh in 2025, below China's $36 and the global average of $44, according to IRENA

JSW Steel starts construction of ₹16,350-crore Andhra Pradesh steel project

JSW Steel described the Rayalaseema investment as one of the largest industrial projects in the region

Govt probing Tata Electronics data breach, incident reported to CERT-In

"We are investigating it... it has been reported to CERT-In," IT Secretary S Krishnan told reporters when asked about the reported cyber incident involving Tata Electronics

Electricity spot prices jump 32% to ₹5.2/unit as June demand stays high

Strong electricity demand driven by heatwaves and a delayed monsoon lifted IEX spot power prices in June, while traded volumes and first-quarter electricity consumption also increased