Page 5 - Industry News

Gig workers' body seeks binding heatwave safeguards from Labour Ministry

IFAT urges binding protections including paid cooling breaks, water access, and emergency support for gig workers as extreme heat intensifies across India

Sales of affordable homes fall 23% in Jan-Mar across top 8 cities: Report

These cities are Mumbai, Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad and Kolkata

COAI seeks lower spectrum auction prices, moots idea of free radiowaves

Director General S P Kochhar said that the industry expects the government to consider the humongous investment made by telecom operators in 5G, without any return on investment

Heatwaves, warm nights sear northern states; power demand hits record high

In Rajasthan, Barmer recorded the highest temperature on Saturday, reaching 45.7 degrees Celsius, as temperatures hit sweltering levels in the state

Textiles and garment exports fall 2.2% to $35.8 billion in FY26: GTRI

GTRI said the declining pattern is visible across major segments - cotton textiles (- 3.9 per cent), ready-made garments (- 1.4 per cent), and carpets (- 5.3 per cent)

AI push deepens layoffs as Big Tech cuts workforce, trims hiring globally

Meta plans to cut 8,000 jobs and shut 6,000 open roles globally; Microsoft offers voluntary retirement to 7% of US workforce

AI talent hiring jumps 59.5% in India amid rising adoption across sectors

AI hiring in India rose 59.5% year-on-year, driven by rapid adoption across sectors, with demand expanding beyond metros to Tier-II and Tier-III cities

From ice cream to mangoes: Summer heat fires up quick commerce sales

As temperatures soar, quick commerce (qcom) platforms are witnessing sharp growth in categories linked to cooling, hydration, and seasonal food

Cost overruns in central infra projects ease slightly to ₹5.61 trn in March

Cost overruns in centrally funded infrastructure projects eased marginally in March, though revised estimates remain significantly higher than original project costs

₹5,000 cr incentive for states to boost mining blocks' auction, ops

Centre launches Rs 5,000 crore incentive scheme under SASCI to reward states for mining reforms, mine operationalisation, and boosting mineral production in FY27

Ralph Lauren pulls a Prada with Indian craftsmanship, lands in soup

Ralph Lauren faces criticism for a Bandhani-style skirt lacking India credit, reigniting debate on cultural appropriation by global luxury brands

InterGlobe Hotels charts growth path on back of surging demand: JB Singh

InterGlobe Hotels bets on India's travel boom, flags hotel room shortage, plans expansion to 300 properties amid rising domestic demand

Foreign holiday? West Asia war heat burns hole in pocket this summer

While West Asia is out of bounds because of the war, high airfares to SE Asia are also a concern for travellers

Chinese API price surge tests India's pharma buffers amid West Asia crisis

Rising API prices from China and feedstock disruptions amid the West Asia crisis are tightening cost pressures on India's pharma sector despite temporary inventory buffers

India's Q1CY26 real-estate deal value declines 36% to $763 million

Deal volumes rise 14 per cent year-on-year to 32 in Q1 2026, while values fall 36 per cent amid absence of large-ticket transactions and shift toward smaller deals

Riico allows subdivision of large industrial plots to boost development

This move is expected to improve land utilisation, accelerate economic activity in industrial zones, and support new investment and employment

CERC draft regulations on mkt coupling do not serve consumer interest: IEX

IEX says proposed market coupling norms may not benefit consumers or deepen markets, as CERC designates Grid India to centrally manage price discovery

JSW Steel, JFE form JV for Odisha expansion with ₹32,000 crore investment

JSW Steel and Japan's JFE Steel form a 50:50 joint venture to expand Odisha's Sambalpur plant by 6 mtpa, strengthening eastern India's steel capacity with a Rs 32,000 crore investment

Supreme Court upholds CCI's power to close cases without hearing informant

Supreme Court affirms CCI's authority to close cases at the initial stage without notifying or hearing informants under Section 26(2) of the Competition Act

MNRE's CfD pilot likely to bring revenue certainty for RE developers

MNRE launches a 500 MW CfD pilot to ensure revenue certainty, reduce risks, and improve market stability for renewable energy developers