Page 35 - Industry News

India 8th among 11 countries in investment in AI: WEF white paper

US, Singapore, S Korea and China are the top four, it says

Retailers gear up for Republic Day rush as shoppers chase deep discounts

Retailers expect a weekend rush as Republic Day sales offer discounts up to 50%, with the long weekend helping clear winter stock and make way for new collections

Bike taxis set to make a comeback in Karnataka as High Court lifts ban

Court calls blanket prohibition a restraint on trade; firms welcome move

76% of recruiters expect new job creation in H1 2026: Naukri survey

The IT sector may remain an outlier, where 'Budget Constraints' is likely to be the primary hurdle for recruiters, though this has eased slightly this year

Tamil Nadu amends wind power policy to extend life of old projects

Tamil Nadu amends its wind repowering policy, easing rules on life extension, banking and charges to revive ageing wind projects and boost renewable capacity

Nokia keen on establishing GCC in Karnataka: Minister Patil

Karnataka Minister said Nokia plans to expand in Bengaluru and Tier-2 cities, while firms like Cloudflare, Vast Space, Crescent Enterprises and Voyager Technologies explored partnerships, investments

PIDF scheme impact to be offset by revenue growth, targeted sales: Paytm

The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the Northeastern states and Union Territories

Precious metal refiners seek duty parity to ease import disadvantage

Currently, dore duty stands at 6 per cent for both gold and silver, with refiners getting a 0.65 per cent duty differential, making the effective rate 5.35 per cent

300 exhibitors from 30 nations likely to feature in India-AI expo

Spain will send rectors from 80 universities to meet Indian counterparts during the AI World Summit in New Delhi in February, underscoring growing academic and research collaboration

Meity may cut compliance timeline for key DPDP rules to 12 months

Proposed move to shorten implementation time to 12 months from 18 months is likely to face resistance from industry players

Naredco budget wishlist: Industry status, hike in home loan interest

NAREDCO President Parveen Jain said the limit for deduction of interest on home loans should be increased to ₹5 lakh in respect of the self-occupied property from ₹2 lakh currently

Zepto closes gap with Blinkit in quick commerce app installation reach

Zepto has nearly caught up with Blinkit in app penetration by CY25, intensifying the race for leadership in India's fast-growing quick commerce market

H&M's sales lead widened in FY25; Uniqlo emerged as breakout story

H&M remained India's top global fashion retailer in FY25, while Uniqlo clocked the fastest growth, even as rivals like Zara and M&S lagged amid market slowdown

₹22 cr penalty levied on IndiGo for December chaos: Govt to Delhi HC

The government also placed before the court, in a sealed cover, its report on the inquiry conducted into the incident

Bharti Airtel unlikely to take legal route for AGR relief, for now

Writes to DoT seeking reassessment of dues

Republic Day long weekend triggers robust travel activity in India, abroad

Short-haul local and international destinations see uptick

Ahead of Union Budget, industry seeks scrapping of Customs SVB

Ahead of Budget 2026-27, industry urges scrapping Customs SVB, proposing risk-based post-clearance audits to cut delays and compliance costs

Budget 2026: Developers demand targeted tax reforms to spur housing demand

Ahead of Budget 2026, realtors seek higher home loan tax deductions, a wider affordable housing definition, and dispute-resolution reforms to revive housing demand

ASF Group raises ₹1,250 crore funding for Gurugram office project

ASF Group's arm, ASF Insignia SEZ Pvt Ltd, is developing a 50-acre integrated commercial IT office campus at Vatsal Valley, Gurugram

Rajasthan approves schemes to promote Pushkar as wedding destination

The schemes were approved by the state's Real Estate Regulatory Authority (RERA) and Ajmer Development Authority (ADA), a senior ADA official said