Page 6 - Industry News

Indian Malt Whisky Association signs pact with Scotch Whisky Association

The pact also provides for cooperation on legal protection, product authenticity, intellectual property infringements, and the promotion of responsible consumption

Brigade Group, Hyatt sign deals for two Bengaluru hotels with 600 rooms

The properties at Brigade Global Park and an upcoming Whitefield-Kadugodi township will add about 600 rooms and extensive dining, meetings and event facilities

Dubai South home sales hit record in 8M 2026 as smaller units gain share

Residential transactions reached 12,428 in January-August, already above full-year 2025 volumes, while studios and one-bedroom homes accounted for about 76 per cent of sales

Delhi urbanises 48 villages, opening new avenues for realty developers

Delhi's move to urbanise 48 rural villages could unlock new real estate opportunities, but infrastructure development, land-use permissions and implementation will be crucial

Coal supply crunch at power plants deepens: 98 plants have six days' stocks

Coal stocks at 98 power plants are sufficient for just 6.3 days of operations, raising concerns over supply reliability as electricity demand surges and inventories remain low

Q2 results review: Early birds reflect a commodity boost amid price surge

Higher commodity prices boost power, metals and refining firms, lifting early-bird companies' combined net profit 25.5% year-on-year in Q2FY27

Andhra Pradesh's ₹27,370 crore power transmission project gets Centre nod

The Rs 27,370 crore project under GEC-III will add 7,872 circuit km of transmission lines and 9,500 MVA of substation capacity, with the first phase expected by FY30

Govt extends deadlines for cos to file annual financial statements, returns

The extension of deadlines follow representations from stakeholders as they were facing issues in submitting the annual statutory filings through the MCA 21 portal

Rising demand, lower price than competitors to boost rice exports: IREF

Indian Rice Exporters Federation (IREF) Vice President Dev Gard said the price of Indian rice is at least 10 per cent cheaper than competitors

India must boost solar manufacturing amid China export curbs: Solex chief

According to Chetan Shah, Chairman and Managing Director of Solex Energy, China controls an estimated 75-90 per cent of the global solar supply chain

Godrej Properties eyes record ₹41,500 crore sales bookings on strong demand

Chairperson Pirojsha Godrej expects sales bookings to rise 22% this fiscal, exceeding the ₹39,000 crore guidance, with major launches planned in Mumbai, Gurugram, Thane and Noida in the second half

Govt to fund up to 50% deepwater well costs, recover aid from winners

That recovery clause, set out in newly issued operational guidelines, is the scheme's central bargain: the government carries early geological risk and keeps a claim on any upside

Isro plans four functional launch pads by 2029, says chairman Narayanan

Isro will expand launch infrastructure and partner with private firms to meet rising satellite demand, while developing a dedicated 2,000-acre SSLV complex in Kulasekarapattinam, Tamil Nadu

NMDC scouts for mining assets across four continents to diversify portfolio

NMDC, which caters to India's one-fourth iron ore demand, has set a goal to earn at least 20 per cent of revenues from sale of minerals other than the key steel making raw material

FICCI seeks greater Dutch investment in India's mfg, tech sectors

It called for a pipeline of joint ventures and capacity-expansion proposals in engineering, equipment, food processing and other technology-intensive industries

India's Scotch probe of Diageo, Pernod undermines UK pact benefits: ISWAI

The liquor industry group representing Diageo and Pernod Ricard said that India's move to exclude bulk Scotch imports from the reduced tariff contradicts the trade pact

Swelect Energy plans ₹4,500 cr investment, eyes ingot-wafer manufacturing

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

BPCL Q2 net profit falls 21.5% to ₹4,863 crore on weak marketing margins

BPCL's Q2 FY27 net profit fell 21.5% YoY to ₹4,863 crore as weak marketing margins weighed on earnings, even as revenue rose 30% and refinery throughput increased 6%

Property registrations in Mumbai fall 25% during Navratri: Report

Mumbai recorded 4,680 property registrations during Navratri 2026, down from 6,238 a year ago, while registration revenue declined 15 per cent to ₹499 crore, Knight Frank said

Centre forms 3-member panel to review pharma marketing code, enforcement

The three-member committee will assess the effectiveness of the UCPMP, examine enforcement mechanisms and recommend measures to curb unethical pharmaceutical marketing practices