Page 30 - Industry News

Employers start festive hiring early, look to retain workers beyond peak

Nearly seven in 10 employers began or expect to begin festive hiring by September, while 74% expect to retain at least 10% of seasonal hires beyond the peak period, according to a survey by Indeed

India to add up to 50 GWh battery storage capacity over next 2 yrs: Crisil

Battery storage deployment is set to rise sharply from 1 GWh in FY26 as renewable energy expands and storage-linked projects gain a larger share of government auctions

Tata Projects, MDS Aero to develop aero-engine testing infra in India

The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem

IndusInd Bank launches dedicated banking vertical for GCCs in India

India now has 2,117 GCCs and the ecosystem has grown 32 per cent since FY 2021 -- underscoring the country's growing importance as a global capability hub

No coal shortage despite higher power demand, monsoon disruptions: Reddy

Reddy said the temporary disruptions should not be construed as a coal shortage and asserted that the overall situation was normal

Why waste time?: SC rebukes govt over timeline for food warning labels

In an unprecedented food safety crackdown, India has raided eateries and shut ​scores of restaurants and factories nationwide on grounds of hygiene lapses

India's solar cell capacity lags module additions 5x in H1, imports up 18%

India added 50.6 GW of solar module capacity against 9.7 GW of cell capacity in first 6 months of 2026, widening the manufacturing gap and increasing reliance on imports

Housing sales in top 7 cities up 3% in Jul-Sep at 100,000 units: Anarock

In value terms, Anarock said that the total sales rose by 2 per cent to ₹1.55 trillion during July-September from ₹1.52 trillion in the corresponding period of the preceding year

Food giants in India call for reconsidering red colour of warning labels

India is in the midst of an unprecedented food safety crackdown, including nationwide raids against eateries, amid concern over poor hygiene and standards

Office space leasing rises 9% in Jul-Sep across top 7 cities: Colliers

Colliers India data showed that gross office leasing is estimated to have risen to 18.7 million sq ft in the third quarter of this year from 17.2 million sq ft in the year-ago period

Godrej Properties inks JV to build ₹6k cr luxury housing project in Mumbai

Godrej Properties will jointly develop a 2.5-acre luxury housing project in Marine Lines, South Mumbai, with an estimated revenue potential of around ₹6,000 crore

Corporate India sheds zombie firms as debt-servicing capacity improves: D&B

Dun & Bradstreet study shows the share of zombie firms fell to 5.5% in 2025 from 8.1% in 2017, signalling stronger corporate debt-servicing capacity

More than 40% of India's power plants face coal squeeze amid supply strain

Overall coal stocks are sufficient for just seven days and stand at 37 per cent of the requirement, while experts see the situation as a temporary logistics issue

Supply constraints support premium office rents in Mumbai, Delhi-NCR

Consultants attribute premium rentals in key micro-markets to limited quality Grade A space and sustained occupier demand, even as rents vary significantly across locations

Statsguru: India's chip aspirations face funding gap despite policy push

India ranks third in semiconductor firm registrations, but weak funding, R&D spending and a widening trade deficit remain concerns

Axis Bank plans 12,500 campus hires, redeploys staff amid AI push

The bank plans to hire around 12,000-12,500 people from campuses in FY27, compared with 11,500-11,600 in FY26

Tribals vow to oppose renewed mining push in Odisha's Niyamgiri hills

Tribal representatives say their position remains unchanged since 2013, when 12 gram sabhas unanimously rejected the proposal to mine bauxite in the sacred hills

NMDC commissions ₹5,427 cr iron ore processing project in Chhattisgarh

The integrated project includes an iron ore processing plant at Bacheli, a 135-km slurry pipeline and a 2 MTPA pellet plant at Nagarnar in Chhattisgarh

Electronics demand, policy support driving India's semiconductor play: BCG

Wadhera expects the AI boom to continue driving demand for GPUs, compute and memory, and argues that the semiconductor-AI linkage will grow, not weaken

Mobile phone retailers to protest against UPI MDR charges on Oct 2

The government has introduced a 0.4 per cent fee on UPI transfers exceeding ₹2,000 to merchants from October 15