Page 7 - Industry News

Appliance makers expect double-digit growth in festivals despite price hike

Despite a third round of price hikes this year, consumer appliance makers expect festive sales to grow at double-digit rates, driven by premiumisation, replacement demand and easy financing

Hotels see strong demand for weddings as winter bookings fill up early

The trend comes ahead of the main winter wedding season, when auspicious marriage dates in the Hindu calendar traditionally drive demand for venues, accommodation, banqueting and other hotel services

Adnoc-backed AIQ secures deal to enter India's oil and gas markets

AIQ will deploy its technology across the refineries, gas stations and digital stores of an Indian oil and gas conglomerate

Nestle's low-fat dairy whitener used at Hotel Lalit found 'unsafe' : FSSAI

In a post on social media, the food regulator said a sample was collected from the premises of Bharat Hotels Ltd (The Lalit), Connaught Place, New Delhi

Front-of-pack warnings can help consumers choose healthier options: Experts

Proposed FSSAI front-of-pack warning labels would flag packaged foods high in added sugar, added fat or salt to help consumers make informed choices

Nayara Energy increases petrol price by ₹5 per litre, diesel by ₹3

The fuel retailer, which operates 7,108 petrol pumps across India, has raised prices with immediate effect as higher international crude oil and refined-product costs put pressure on fuel margins

SCI to help India achieve ambition of becoming top shipping nation: Sonowal

At SCI's 65th anniversary, Shipping Minister Sarbananda Sonowal said the company would play a key role in India's shipbuilding ambitions, with its profit after tax expected to cross ₹2,000 cr in FY27

UP mulls measures to help leather exporters tackle tariffs, West Asia risks

The state, which accounts for 46 per cent of India's leather exports, is reviewing industry concerns ranging from raw material and skills to logistics and finance

Affluent seniors are turning metros into luxury retirement addresses

Rising affluence, longer life expectancy and changing family structures are drawing mainstream developers to premium senior living projects in India's major urban markets

RIL plans ₹1 trillion biogas venture in Andhra, says Anant Ambani

Anant Ambani says the compressed biogas projects will create over 300,000 jobs and generate ₹600 billion in revenue for Andhra Pradesh over the next few decades

Steel sector eyes stronger quarters as demand and realisations improve

Low inventories, stronger seasonal demand and firm prices could support steel makers, though raw material costs and domestic supply-demand trends remain key monitorables

Results preview: IT companies expected to report sombre Q2 numbers

Persistent macroeconomic uncertainty, geopolitical volatility, artificial intelligence (AI)-led pricing and productivity pressures continue to weigh on demand

Mines ministry auctions 2 J&K limestone blocks to spur mineral development

The Koot-Kapran and Wantrag blocks in Anantnag have estimated limestone resources of 4.75 million tonnes and 10.853 million tonnes, respectively

Drug regulator may review machinery disposal at non-compliant pharma units

The Drugs Consultative Committee has sought a detailed proposal from Rajasthan amid concerns that machinery from closed pharma units could be used to make spurious drugs

Sandeep Goyal elected president of Advertising Agencies Association

Dr Sandeep Goyal, chairman and MD of Rediffusion Brand Solutions, will head the Advertising Agencies Association of India, while Jaydeep Gandhi of Another Idea was elected vice-president

Amazon expands ultra-fast delivery service to more than 120 Indian cities

Amazon Now offers tens of thousands of products, including groceries, fruits and vegetables, frozen food, personal care items, fashion and beauty products, small appliances, and home and kitchen goods

Action on forced labour should be evidence-based: Piyush Goyal at G20 meet

India calls for trade curbs on forced-labour goods to be based on clear evidence, while warning against broad action and urging G20 members to follow WTO rules

India does not have structural excess manufacturing capacity: Piyush Goyal

He also said industrial capacity in itself is not the issue; however, distortions can arise where geographical concentration of production is driven by hidden subsidies and support

Retail space leasing in malls falls 38% in Q3 across top 8 cities: Cushman

Including shopping malls and high-street locations, total retail space leasing fell nearly 5% to 2.22 million square feet in the latest September quarter from 2.33 million sq ft in the year-ago period

No fuel supply restrictions imposed across retail network: Nayara Energy

The company said it was ensuring fuel availability across its network after Petroleum Secretary Neeraj Mittal said private retailers would be told to stop capping sales.