Page 6 - Industry News

Coimbatore MSMEs seek steel duty relief as raw material prices surge

Industry associations have sought a six-month relaxation of steel import duties and quality control orders, along with government steps to improve raw-material supplies

RIICO land auctions fetch ₹569 crore from 128 investors in Rajasthan

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

India plans first offshore wind farm prototype off Tamil Nadu coast: Report

The proposed project is expected to help India build experience in the technical and logistical challenges of offshore wind development

India nears cold-storage goal, but first-mile gaps remain: Ficci-GT Bharat

With 40.22 million tonnes of cold storage capacity, India is near its long-term target, but three-quarters is used for potatoes and losses remain high before produce reaches the first cold point

UltraTech becomes first Indian company with 2 GW green power capacity

The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka

Housing launches outpace sales for 16th straight quarter: Knight Frank

Sales across the top eight cities held at 258,238 units, with NCR down 11 per cent even as homes priced above ₹1 crore increased their share of demand

WeWork India expands Bengaluru, Pune footprint with two new centres

The new Whitefield and Wakad centres add around 2.25 lakh sq ft to WeWork India's portfolio, taking its network to 79 centres across eight cities

Raymond Realty sees 98% Q2 pre-sales growth, keeps leverage below ceiling

The developer said growth came entirely from sustenance sales, while collections rose 67 per cent and two Mahim projects worth over ₹4,100 crore are lined up

Festive demand, higher fuel costs: Domestic airfares rise as flights narrow

Domestic airfares are rising sharply as festive travel demand grows, while fewer flights on some routes and higher aviation fuel costs push ticket prices higher

Indian IT companies acquire GCCs to boost revenue as growth falters

IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts

Wall Street's $10 billion India hospital bet sparks a fight over bills

Blackstone, KKR, TPG, General Atlantic and other global investors have spent about $10 billion buying stakes in Indian hospital chains over the past five years

AI deal frenzy powers Hong Kong fundraising to a record in Jul-Sep

IPO, placement and block-trade fundraising hits a quarterly record despite stock sell-off and rising bond yields

Amid MMDR row, CAG flags ₹1.2K crore mining irregularities in Odisha

Audit says 1.18 crore tonnes of coal produced beyond EC limits and without valid clearances

Ecom platform Flipkart doubles active seller base on zero-commission boost

Flipkart attributed the growth in sellers to its zero-commission model, simplified onboarding and AI-led tools aimed at improving selection, pricing and catalogues

How the fashionable Indian was spoilt for choice after 1991 reforms

Liberalisation brought a flood of international brands into India, but failed to help create a global brand from within the country

FSSAI orders Everest to recall cumin powder batch over 'unsafe' sample

The directions to Everest Food was given after a food analyst's report found pesticide residues of Azoxystrobin and Thiamethoxam above the prescribed maximum limits

Deeper GVC integration, FTAs key to boosting India's exports: Deloitte

Anil Talreja, Partner, Deloitte India, said India needs to work on reducing logistics costs via multimodal export corridors by focusing not only on infra but also on end-to-end supply chain efficiency

Heavy industries ministry approves 382 sites for EV charging in Delhi

The Delhi government's Revenue Department and DTC had identified 456 sites for EV charging infrastructure, of which 382 were approved by the MHI

India's industrial output flags gap between textiles, apparel manufacturing

According to the Index of Industrial Production (IIP) released by the Statistics Ministry last week, overall growth in August 2026 stood at 8 per cent against 6.7 per cent in the preceding month

Diesel boom lifts Reliance and Nayara, leaves state-run OMCs bleeding

Private refiners are cashing in on export margins, while state-run OMCs absorb losses from controlled pump prices and rising domestic demand