Page 72 - Industry News

C&I RE capacity may rise to 60-80 GW by 2030, says MNRE secretary

MNRE secretary Santosh Sarangi said C&I renewables could rise to 60-80 GW by 2030, with this year's installations likely above 5-6 GW via bids and contracts

Manipal Health readies $1 bn IPO; targets $12-15 bn valuation

Valuation of India's largest hospital network is around $12-15 bn. The Issue will comprise fresh issue of shares and a small portion as OFS

Pharmaceutical sector set to gain from rupee fall despite API dependence

Exporters like Sun Pharma, Dr Reddy's may see 7-8% revenue lift, yet margins pressured by high raw material import costs

Weak rupee may raise fertiliser import, production costs and subsidy load

A sliding rupee could make both fertiliser imports and domestic production costlier, pushing the subsidy bill higher as urea and DAP prices remain fixed for farmers

TCS eyes tieups with Microsoft, AWS, Nvidia, Google for data-centre biz

TCS is in discussions with Microsoft, AWS, Google and Nvidia to co-develop enterprise solutions for its HyperVault data centre business

Enhancing margins: Weak rupee a silver lining for IT services companies

The Indian IT services industry derives roughly 90 per cent of its revenues from global markets-about 57 per cent from the US and around 28 per cent from Europe

Worli emerges as India's ultra-luxury housing hub with ₹5,500 crore sales

An Anarock-360 One Wealth report shows Worli leading India's ultra-luxury housing market, logging ₹5,500 crore in sales of ₹40-crore-plus homes over two years amid major land and project activity

From rank 127 to No 1 on App Store, Sanchar Saathi gains amid outrage

An app nobody noticed, until everyone did. Political heat and curiosity pushed it to the top in downloads. How long before the slide?

BAT to sell up to 15.3% stake in ITC Hotels via block trade process

BAT plans to divest up to 15.3% stake in ITC Hotels, calling the holding non-strategic; proceeds from the block trade will support its target leverage corridor by 2026

India's nuclear power generation capacity to reach 21,880 MW by 2032: Govt

India's nuclear capacity will expand sharply to 21,880 MW by 2032 as ongoing and planned PHWR projects come online, with BARC also developing next-generation Small Modular Reactors

Nvidia-backed Cohesity to invest $1 bn in India over 5 years: CEO Poonen

Cohesity will invest $1 bn in India over five years, expanding engineering centres in Bengaluru and Pune as it scales AI-driven cybersecurity amid rising global and domestic threat levels

Centre releases ₹37,000 cr under RDSS to boost power distribution

The Centre has released Rs 37,000 crore under RDSS-38% of sanctioned support-with fund disbursal tied to DISCOMs meeting milestones and state-specific action plans

Yes Bank admin cannot write down AT1 bonds: Axis Trustee in Supreme Court

The Supreme Court began hearing arguments on whether Yes Bank's 2020 write-off of ₹8,400 crore AT1 bonds was legally valid, a ruling that could reshape future bank resolutions

Real-money games ban drove users to offshore platforms, survey shows

A CUTS survey finds offshore platforms gained sharply after India's real-money games ban, with their share of daily play rising to 42% and users spending more time on unregulated sites

Govt prepares framework for Indian carbon market under CCTS, sets up panel

The government has framed the structure for the Indian carbon market under CCTS, with a National Steering Committee to guide it and several sectors already moving to the compliance regime

JSW-JFE 50:50 joint venture puts spotlight on Indian steel market

JSW Steel and Japan's JFE Steel will jointly own BPSL in a 50:50 venture, marking renewed global interest in India's steel sector as companies chase long-term growth opportunities

India's E&M industry revenue to reach $47.2 billion by 2029: PwC report

PwC's Global E&M Outlook projects India's entertainment and media revenue at $35.3 billion in 2025, rising to $47.2 billion by 2029, driven by internet ads, OTT growth, gaming and live experiences

Indian cybersecurity product firms may generate $6 bn revenue in 2026: DSCI

India's cybersecurity product companies are projected to generate nearly $6 billion in 2026, up from $4.46 bn in 2025, even as AI-driven attacks and sophisticated threats reshape security landscape

Patanjali to set up ₹118 cr wellness hub under Andhra's tourism plan

Patanjali Group will invest ₹118 crore to establish a holistic wellness hub at Yendada in Visakhapatnam, becoming the first private project under AP's new health and spiritual tourism circuit strategy

Tourists flock to Rajasthan as Delhi chokes on post-Diwali pollution

Hotel occupancy is hovering between 70 and 80 per cent, out of which domestic tourists account for 95 per cent