Page 37 - Industry News

Kalshi, Polymarket continue India operations despite betting platform ban

Kalshi's legal counsel, Valeria Vouterakou, said the company has been in communication with the Indian government and has not been told to shut down

FinMin asks banks, FIs to cut travel costs, promote electric vehicle use

The Finance Ministry has asked state-owned financial institutions to curb travel spending, adopt virtual meetings, and progressively shift to electric vehicles

Verlinvest stepping up India bet amid AI and geopolitical anxieties

Verlinvest is increasing investments in Indian consumer and healthcare brands, betting that its evergreen model can navigate volatility better than traditional PE funds

Niti Aayog urges raising R&D spend from 0.64% to 2% of GDP in 4-5 years

The report also suggested that India needs to introduce time-bound, incremental fiscal incentives to boost private sector investment in R&D

FinMin asks PSU banks, insurers to adopt austerity measures, shift to EV

Austerity measures would be implemented with immediate effect, the Department of Financial Services under the Ministry of Finance said in the circular

India could emerge as $7 bn MedTech contract manufacturing hub by 2035

India's overall MedTech opportunity could expand more than fourfold to $83-89 billion by 2035, driven by rising domestic demand, exports and contract manufacturing

Piyush Goyal asks industry to boost manufacturing to reduce imports

Piyush Goyal urges industry to cut import dependence, boost domestic manufacturing and help India achieve $1 trillion exports target

India's hotel investment market surges 67% to $567 million in 2025: JLL

India's hotel investment market surged 67 per cent year-on-year to $567 million in 2025 across 28 deals, driven by institutional capital, private equity, and strong demand from Tier II and III cities

Food sector in UP gets boost as industry pushes startups, cloud kitchens

To strengthen the linkage between the farm economy and markets, the government is planning to establish 75,000 new food processing units across the state

India can ride out crude supply disruption after Russian oil waiver ends

In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend

NTPC backs domestic nuclear tech, warns against supply chain dependence

Most of India's existing fleet uses locally designed reactors, while the 2-gigawatt Kudankulam plant in the country's south that's powered by Russian reactors, is the only one using foreign technology

GE Aerospace announces ₹100 crore investment in Pune manufacturing plant

The Pune facility has more than 300 suppliers locally across a broader network of over 2,200 GE Aerospace suppliers in India

Jute industry seeks new Bengal govt's help to tackle raw material shortage

According to the millers' estimates, around 75,000 workers are already facing "involuntary unemployment" because of partial shutdowns, curtailed production and irregular operations in mills

Centre tapping Big Tech companies for data centres, R&D in West Bengal

The Centre has approached global technology giants and Indian conglomerates to invest in data centres, R&D hubs, GCCs and semiconductor projects in West Bengal

Power ministry working on tariff redesign, tweaking fixed charges

The Centre is considering a national framework to rationalise fixed charges and redesign retail tariffs to improve cost recovery and reduce financial stress for discoms

PM's WFH push may raise flex, managed workspace demand in the near term

Industry executives say companies are likely to adopt distributed workplace strategies, supporting flex office demand without disrupting India's office leasing momentum

Young Indians to benefit from easing of Dubai's visa-linked property rules

Dubai's decision to ease visa-linked property investment norms is expected to increase participation from young Indian buyers and mid-income professionals

International marketing can help raise forex from tourism: FAITH chairman

Earning as important as conserving forex; tourism needs better positioning

CNG prices raised again as IGL hikes rates for second time in two days

The latest Re 1 per kg hike by IGL took CNG prices to Rs 80.09 per kg in Delhi, even as the company said the rise only marginally offsets higher input costs

ICAI to embed AI, data analytics in CA curriculum to match industry changes

Lakhs of students are pursuing chartered accountant programme at the Institute of Chartered Accountants of India (ICAI), which has more than five lakh members