Page 6 - Industry News

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

Iran conflict hits Asia's polyester suppliers to global fast fashion

Made from oil derivatives, polyester dominates the textile industry, accounting for 59 per cent of global fibre production and used in everything from running shorts to dresses

Luxury handbag maker Judith Leiber Couture debuts in India with Delhi store

Known for turning accessory into art piece, the brand bets on evolving Indian market

US sets preliminary antidumping duties on solar imports from India, others

India, Indonesia ​and Laos last year accounted for $4.5 billion in US solar imports, about two-thirds of the ‌total, according to government trade data

Ocean's call: Coastal cities go from holiday stay to primary housing

Micro-markets such as Alibaug in Maharashtra, and the wider Konkan region are among the biggest beneficiaries of this trend

India's high minimum wages cause large informal workforce: Report

A report says India's minimum wage structure may be pushing workers into informality, with 64% earning below the legal floor and labour-intensive sectors lagging peers

Govt dismisses reports on possible petrol, diesel price hike as 'fake news'

Centre says no proposal to raise petrol and diesel prices despite rising crude, calls reports misleading and aimed at creating panic among consumers

Women entrepreneurs in Uttar Pradesh clock ₹4,755 cr govt biz via GeM

UP's GeM purchases from women entrepreneurs jump 44 per cent in FY26, as the state leads India in transparent public procurement and boosts startups and MSMEs

Flipkart plans standalone app for Minutes amid q-commerce slowdown

Spin-off of Flipkart Minutes into a standalone app comes as rivals scale up and growth slows in India's crowded quick-commerce market, especially across major urban centres

Heat, sweat, spend: The new summer skincare economy

India's harsh summers are turning skincare from a routine into a necessity, pushing consumers to spend more on protection, hydration and comfort in increasingly extreme weather conditions

Zomato drops clause penalising restaurants for lower dine-in prices: Report

The clause was never enforced but has been dropped now, a Zomato source said on Thursday, without explaining the rationale for the decision

New online gaming rules to distinguish e-sports, real-money games: Industry

Industry players say PROGA rules will help distinguish e-sports from real-money gaming, curb proxy platforms, and bring regulatory clarity, though some gaps remain

Ammonia shortage: DoP to seek support from MoPNG, Fertilisers Dept

The Department of Pharmaceuticals plans to approach MoPNG and the Fertilisers Department to secure ammonia supplies for drugmakers amid shortages triggered by West Asia tensions

NGT serves notice on JSW Utkal Steel over alleged groundwater extraction

The NGT has issued notices to JSW Utkal Steel, Odisha government and Centre over alleged groundwater extraction violations at its Paradip steel project, raising environmental concerns

MNC medtech firms seek changes in local content norms for procurement

Multinational medtech firms have urged the Centre to revise local content calculations under PPOs, proposing inclusion of R&D and maintenance costs to widen eligibility in tenders