Page 43 - Industry News

From IPL finals to concerts, multiplexes seek a life beyond the movies

Concert films, live sports and fan events are emerging as multiplexes' latest growth strategy as exhibitors look to reduce their dependence on blockbuster releases and attract new audiences

Amazon sued over 'sustainable' seafood claims: What consumers allege

The proposed lawsuit accuses Amazon of greenwashing by using labels such as 'responsibly sourced' and 'sustainable' on seafood products. Here's what the complaint says

Uttar Pradesh logs 53% jump in real estate investment at ₹68,328 crore

This was higher than the capital investments of ₹28,411 crore and ₹44,526 crore in the housing and commercial real estate recorded during calendar years 2023 and 2024 respectively

Trai launches revamped version of MyCall app to improve call quality

The upgraded MyCall app allows users to rate voice calls, report call drops and share post-call feedback, helping telecom operators and Trai identify network issues and improve services

India proposes extending tax breaks for contract manufacturing, aids Apple

India has also exempted from tax foreign companies' income from storing and providing parts used to manufacture such electronics components to contract manufacturers until 2041

Andhra partners IIT Tirupati, UNSW for solar manufacturing centre

The Centre of Excellence at IIT Tirupati will focus on solar manufacturing, research, workforce development and technology commercialisation under an Andhra Pradesh-Australia partnership.

AI boom, West Asia crisis drive PCB shortage, raise electronics costs

West Asia tensions and soaring AI server demand have triggered a global PCB shortage, raising costs for electronics makers as India ramps up local component production

IT industry not creating new jobs, funds diverted to AI costs: Vembu

Zoho founder Sridhar Vembu says AI and rising data centre costs are limiting IT hiring, with funds shifting from new jobs to technology infrastructure

Global FMCG majors to boost investments in India, widen retail presence

Global consumer goods majors such as Mondelez International, L'Oreal, Reckitt, Unilever, Nestle and The Coca-Cola Company see India as a key growth market and a major driver of future growth

India's power consumption rises nearly 11% to 170.7 billion units in July

The higher feel-like temperature than actual, caused by humid conditions across the country, increased use of cooling appliances like air conditioners, thereby increasing power demand and consumption

India's coal production rises 7.51% to 69.75 million tonnes in July

Coal dispatch during July 2026 registered a growth of 17.34 per cent year-on-year, reaching 86.33 MT (Provisional), compared to 73.57 MT last year

Beyond expansion: Quick commerce seeks more growth from existing assets

Even as they continue adding dark stores, quick-commerce firms are focusing on higher utilisation of their existing assets, better unit economics and improved margins

Higher tobacco taxes hit cigarette makers' net revenue, profit in Q1FY27

Though reported revenues (from operations) of cigarette companies surged as the higher duty component was reflected in sales, their underlying revenues (net revenue) and profits came under pressure

WSHA to train 2,000 disadvantaged youth in India for hospitality jobs: CEO

The initiative aims to improve youth employment and promote inclusivity by providing young people with the skills and experience needed to embark on their careers in the hospitality industry

NCLAT rejects DoT plea against Rolta resolution plan over ₹469 crore dues

The DoT had challenged the resolution plan approved by NCLT while claiming statutory dues of ₹469.09 crore towards unpaid licence fees

GST rationalisation for hotels, restaurants can boost tourism: SOTC CEO

The GST Council had last year reduced GST on hotel rooms with tariffs of up to ₹7,500 per night to 5% from 12%, without input tax credit, to make accommodation more affordable and support tourism

FDI policy change set to lift ODOP, handicraft exports via online platforms

One District One Product (ODOP) is an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) for promotion of at least one product from each district of the country

ISM panel studying semicon chip security: Meity additional secretary

Amitesh Kumar Sinha said the committee's recommendations are likely within weeks after operational guidelines for the Rs 1.27 lakh crore ISM 2.0 are released

Coal pensioners seek ₹10,000 minimum payout as Centre rules out revision

Retirees seek inflation-linked revisions after the government told Parliament no enhancement proposal is under consideration following an actuarial assessment of the pension fund

HUL, Asian Paints among firms planning price hikes before festive season

Leading consumer companies, including Hindustan Unilever and Asian Paints, are planning price hikes ahead of the festive season as higher commodity costs and inflationary pressures squeeze margins