Page 321 - Industry News
Housing prices to moderate at 3-4% in FY26 on high base effect: Ind-Ra
Ind-Ra expects property prices to increase 5-6 per cent year-on-year (YoY) in 2024-25 fiscal, then moderate to 3-4 per cent YoY for 2025-26, due to base effects and new launches
 "Housing prices to moderate at 3-4% in FY26 on high base effect: Ind-Ra")
India's AI infrastructure falls short, needs more investments: VCs
Deep technology needs long funding cycles, they say as Chinese AI DeepSeek shakes up tech world with its AI model
 "India's AI infrastructure falls short, needs more investments: VCs")
Apparels' body asks govt for labour reforms, improvement in skill schemes
Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said that the exports target of $40 billion for ready-made garments by 2030 is an ambitious aim
 "Apparels' body asks govt for labour reforms, improvement in skill schemes")
Tata Projects building largest ever back-end semiconductor unit in Sanand
In June 2023, the Gujarat government signed a $2.75 billion agreement with Micron for this project. Once operational, the facility is expected to create 5,000 direct jobs and 15,000 indirect jobs
 "Tata Projects building largest ever back-end semiconductor unit in Sanand")
Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs
The survey revealed that confidence in India's economic growth remains strong, albeit slightly tempered. Optimism has declined from 79 per cent in 2024 to 71 per cent in 2025 survey
 "Luxury residential outlook survey 2025: 62% HNIs to buy property in 2 yrs")
Search for Goa grows 12% in Oct-Dec, hotel bookings up 14%: MakeMyTrip
The MakeMyTrip's data assumes significance as it comes in the backdrop of rising concerns about a decline in Goa's tourism, particularly from foreign visitors
 "Search for Goa grows 12% in Oct-Dec, hotel bookings up 14%: MakeMyTrip")
Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity
Real estate data analytics firm PropEquity on Tuesday pointed out that India's top nine cities, where a majority of Indians migrate for jobs, are "staring at a housing crisis"
 "Supply of homes priced up to Rs 1 crore falls 30% in 2024: PropEquity")
Govt to invest nearly $2 billion to develop critical minerals sector
India identified 30 minerals, including lithium, as critical for its energy transition efforts and to meet the growing demand from industries
 "Govt to invest nearly $2 billion to develop critical minerals sector")
India's port cargo rises 3.2% in December on higher container volumes
FY25 cargo sailing slow at 2.7 per cent growth
 "India's port cargo rises 3.2% in December on higher container volumes")
New flights launched to keep Maha Kumbh airfares in check, says govt
With additions, Prayagraj is now directly connected to 17 cities, including new destinations like Srinagar and Visakhapatnam, with indirect connectivity to 26 cities nationwide
 "New flights launched to keep Maha Kumbh airfares in check, says govt")
Rise in US LNG production expected to benefit India: Petronet CEO
European gas reserves are some 17 billion cubic metres (bcm) lower than at the same time in 2024, according to ICIS analyst Alex Froley
 "Rise in US LNG production expected to benefit India: Petronet CEO")
R-Day Sale: Marketplaces, D2C brands log 16 mn transactions via Unicommerce
On the back of deal offerings and campaigns, marketplaces observed a notable 16 per cent year-on-year (Y-o-Y) growth in order items
 "R-Day Sale: Marketplaces, D2C brands log 16 mn transactions via Unicommerce")
New gaming titles to dominate growth for India's gaming sector: Survey
Seven out of 10 industry stakeholders and company leaders believe that local themes, languages, and culturally resonant content may determine the success of Indian games in 2025
 "New gaming titles to dominate growth for India's gaming sector: Survey")
Asian healthcare market to touch $5 trillion by 2030, says BCG report
The pharmaceutical and MedTech sectors are also expected to see significant growth of 9 per cent and 8 per cent, respectively, over the next five years
 "Asian healthcare market to touch $5 trillion by 2030, says BCG report")
Telecom firms request 2-year extension for compliance with DPDP Act rules
MeitY released the draft rules for the DPDP Act for public consultation on January 3 and invited feedback until February 18. However, the deadline is likely to be extended
 "Telecom firms request 2-year extension for compliance with DPDP Act rules")
Premium products drive Republic Day sales growth amid urban slowdown
Retailers and durable goods companies report that sales during the Republic Day weekend grew by approximately 10-15 per cent compared to the same period last year
 "Premium products drive Republic Day sales growth amid urban slowdown")
Indian aircraft MRO sector to grow 50% in topline by FY26, says Crisil
This along with players' improving profitability will have MRO players savouring improved credit profile over the medium term, it stated
 "Indian aircraft MRO sector to grow 50% in topline by FY26, says Crisil")
Flexible workspace operators bullish on growth, raise equity: Report
The overall gross leasing of office spaces across major seven cities hit an all-time high in 2024
 "Flexible workspace operators bullish on growth, raise equity: Report")
Govt expedites hiring to tackle 86% vacant director posts in central PSUs
Official data reveals that 648 of approximately 750 independent or non-official director roles on CPSE boards were unfilled by the end of December
 "Govt expedites hiring to tackle 86% vacant director posts in central PSUs")
Andhra Pradesh govt to develop Data City near Vizag, create 2 mn jobs
In line with the Telugu Desam Party's election promise to create 2 million jobs within five years, the state government has unveiled plans to develop the Data City in Madhurawada
 "Andhra Pradesh govt to develop Data City near Vizag, create 2 mn jobs")