Page 40 - Industry News

CEA issues norms to reduce cost overruns in hydropower projects nationwide

The new guidelines recommend advanced geological investigations, greater transparency in tendering and continuous monitoring to reduce delays, disputes and cost overruns in hydropower projects

Embassy REIT, Hilton open 211-key hotel development in Bengaluru

Development becomes fourth hotel to be launched under the partnership

Japan backs ACME-IHI Odisha green ammonia project with 25-year subsidy

Japan has approved 25-year CfD support for the ACME-IHI green ammonia project in Odisha, strengthening its commercial viability and India's green hydrogen ambitions

Manufacturing sentiment moderates in Q1 as West Asia tensions weigh: Ficci

Production, demand and hiring sentiment softened in the April-June quarter amid geopolitical tensions, while exports and capacity utilisation remained relatively resilient, the FICCI survey said

Mumbai records over 80,000 property registrations in H1 2026: Report

The city recorded 80,221 property registrations in the first half of 2026, while June is set to become the strongest month for registrations in 14 years, reflecting sustained homebuyer demand

Rustomjee buys 8,800 sq m FSI in Mumbai for ₹143 cr to expand project

Rustomjee acquires 8,800.74 sq m of floor space index from Parth Construction for Rs 143.45 crore to be transferred from an SRA project in Jogeshwari East to its Andheri project

Godrej Properties acquires 47-acre land parcel off OMR in South Chennai

The developer will build plotted residential units on the site off Old Mahabalipuram Road, with the project expected to generate an estimated ₹500 crore in revenue

ACME JV secures subsidy from Japan for green ammonia project in Odisha

ACME Group and IHI Corporation's joint venture has secured support under Japan's price gap subsidy programme, boosting the bankability of its 405,000-tonne green ammonia project in Odisha

Union minister Pralhad Joshi inaugurates 950 MW solar projects in MP

The Union minister also laid the foundation stone for industrial and development projects worth Rs 1,593 crore, while highlighting competitive solar tariffs

Built-to-suit on the rise for want of Grade A+ office segment in India

Rising GCC and MNC demand, coupled with a shortage of premium Grade A+ offices, is driving built-to-suit projects and forward leasing across India's top markets

CCI clears pharma firms, trade bodies in 14-year-old antitrust case

The antitrust watchdog rejected its Director General's findings, ruling there was no evidence of anti-competitive agreements involving stockist appointments or new drug launches

West Asia conflict pushes housing sales in metros down 6% in Apr-Jun

Residential sales across the top seven cities fell to 90,715 units in Q2 2026, while new launches rose 7 per cent as developers continued to add inventory despite uncertainty

35% of Claude users see AI doing most of their work next year: Report

Anthropic's latest Economic Index Report found that over 35% of Claude users believe AI could perform most of their work within the next year, reflecting the technology's growing integration

Platforms challenge Karnataka gig workers' Act, flag double payout

Platforms say it increases compliance burden given nationwide framework

AI can turn data blind spots into false certainty, says P K Mishra

P K Mishra warns AI can reinforce data biases in official statistics, urging stronger safeguards, transparency, and institutional independence in data governance

Andhra Pradesh to allocate land for ₹20K crore rare-earth projects

Of the total, around Rs 16,000 crore is expected to come from upstream processing projects, while downstream magnet manufacturing could account for another Rs 4,000 crore

MIB forms high-level Study Group to boost Indian film industry and cinemas

The Prasoon Joshi-led panel will recommend measures to strengthen film production, distribution, financing and technology, while supporting the expansion of cinema infrastructure

Delhi's power demand touches record 8,748 MW, crosses last year's peak

The capital's peak electricity demand surpassed last year's record as power distribution companies met rising summer demand through long-term contracts and market purchases

Tata Power discoms hit by ₹271 crore Odisha govt electricity dues

Tata Power has written to the Odisha chief secretary seeking clearance of dues, warning that unpaid bills are adding to borrowing costs and financial strain

Govt plans ₹5K cr scheme in 3 months to promote green tech in steel sector

The scheme will cover all steelmakers in the country. However, a major share of the funds will be earmarked for secondary players