Page 50 - Industry News

India's sugar mills, refiners seen importing just half of duty-free quota

The world's biggest sugar consumer last week ‌allowed duty-free imports until October 31 to ease record-high prices ahead of the festival season, when demand for traditional sweets typically peaks.

India data centre footprint may quadruple to 101 msf by 2030: Anarock

Over $300 billion in investment commitments to drive capacity expansion, with developers eyeing expansion in Delhi-NCR, Hyderabad mkts

RBI proposal to curb NBFCs' revolving credit may choke MSME funding

In the draft, the Reserve Bank of India (RBI) has proposed that "NBFC shall only offer credit products which are in nature of term loans and shall not offer any revolving credit products".

Delhi HC asks FSSAI not to cancel ITC's licence over '100%' claims

Justice Swarana Kanta Sharma granted interim protection to ITC on its petition challenging the FSSAI advisories and notices to discontinue the usage of the term "100%" for its product

Puravankara signs JDA for Bengaluru project with ₹1,100 crore GDV

The 7.83-acre project near Electronic City will have about 0.89 million sq ft of saleable area and is Puravankara's fifth Bengaluru land transaction in FY27

HoABL, Nitco tie up for ₹4,500 crore Alibaug real estate project

The 40-acre development will comprise apartments, townhouses and a boutique luxury hotel, with HoABL expected to invest around ₹1,000 crore

Natco Pharma to invest $14 mn in US-based biotechnology firm eGenesis Inc

In 2024, Natco Pharma had invested $8 million in eGenesis, Inc through preferred stock

Tata Communications, Tata Motors partner to launch 5G-powered Sierra.ev

The Sierra.ev will offer features such as secured in-vehicle connectivity for content streaming, faster over-the-air updates, and real-time remote vehicle diagnostics

Celebrity food endorsements under FSSAI scrutiny: What do the rules say?

FSSAI's warning to celebrities has put food endorsements under the lens. Here's what endorsers must check, disclose, and verify before promoting a food product

Aerospace startup Airbound raises $37 mn to expand autonomous aircraft biz

The Bengaluru aerospace startup will use the Series A capital to scale engineering and manufacturing, while its Andhra Pradesh network is planned to handle up to 10,000 daily flights

Hyundai Motor India partners Jio-bp to integrate EV charging networks

Jio-bp is the operating brand of Reliance BP Mobility Ltd, a joint venture between Reliance Industries and bp, and is a leading provider of EV charging services and solutions

FMCG's new growth playbook: From shelf space to digital-first discovery

As consumers move between social media, quick commerce, marketplaces and stores, FMCG brands are rethinking how they build awareness, drive purchases and retain customers

Suzlon secures 250 MW wind energy order from Torrent Green Energy

This sixth order from Torrent takes the cumulative partnership between the two companies to over 1.3 GW across three key states - Gujarat, Karnataka, and Madhya Pradesh

India wanted warning labels on chip packets, soda but big food fought back

India's push for clearer nutritional warnings has faced resistance from food giants, even as similar companies use prominent labels in overseas markets

Nexedge Capital raises $20 million to expand wealth management platform

The firm will use the capital to strengthen technology, grow its senior banker network, expand into Tier-II and Tier-III cities, and build NRI and NBFC offerings

Tyre makers step up capacity expansion despite pressure on margins

Near-full capacity utilisation and resilient replacement and original-equipment demand are driving expansion, even as natural rubber and other input costs squeeze margins

Amazon, Flipkart revise seller fee structures ahead of festive season

Amazon has introduced graded cancellation fees linked to order value and will raise closing fees, while Flipkart has rolled out penalties based on seller cancellations

India's $126-bn mobile production target may take 5 more years to achieve

India's mobile manufacturing push has fallen short of its FY26 targets, with production at $70 billion and exports at $29 billion, delaying the original ambitions by several years

Specialised sectors get a boost with land payment plan inclusion

RIICO has expanded its 10-year flexible land payment model to specialised sectors, aiming to attract investment, boost industrial activity and create jobs

Digital ads add limited incremental reach beyond TV for FMCG brands: Study

Digital-only exposure ranged from under 1 per cent to about 4 per cent of households, while combining television and digital lifted penetration for nearly 75 per cent of brands