Page 88 - Industry News

Textile industry seeks policy support as US tariffs trigger export downturn

The US is India's biggest market for textiles and apparel. In 2024-25, the sector was valued at about $179 billion, including a $142 billion domestic market and $37 billion in exports

Sarvam likely to unveil India's maiden sovereign AI model by February

Sarvam AI co-founder Vivek Raghavan said India's first sovereign LLM is likely to debut before or during the India AI Impact Summit, with the model trained on trillions of tokens

78% of Tamil Nadu's ₹11.4 trn MoUs now under implementation: TRB Rajaa

Rajaa said the state has attracted Rs 11.4 trillion in MoU-based investments since the DMK took charge, with nearly four-fifths of projects already in implementation stages

Khan Market 24th most expensive high-street retail location globally

India's high-street retail markets recorded steady rent growth in 2025, driven by premiumisation, limited supply and strong demand in major cities, Cushman & Wakefield said

Govt invites applications for quality audit as Coal Exchange takes shape

Coal ministry has issued an RFQ to empanel third-party agencies for sampling and quality audits for coal and lignite traded on the upcoming Coal Exchange, marking a key regulatory step in the rollout

Trai sets deadlines for BFSI to adopt '1600' series for official calls

Trai said the direction has been issued "to enhance consumer trust, curbing spam, and preventing fraudulent activities perpetrated through voice calls"

Business-as-usual may erase 30% of revenue for tech services firms: Report

Report says tech services firms risk major revenue and margin erosion if they continue with business-as-usual strategies. AI, demographic shifts and energy transition are reshaping sector's outlook

AI, automation may cut 30% of tech services revenue, says Bain report

A Bain & Co report warns the global tech services industry could lose up to 30% of revenue as growth slows, margins shrink and AI-driven disruption accelerates, pushing firms to overhaul operations

NATHEALTH urges hike in healthcare to 2.5% of GDP, tax sops for check-ups

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

Business-as-usual approach could cut 30% of revenue for tech firms: Report

In its new report 'The new growth equation for tech services' Bain & Company noted that AI is the biggest disrupter in tech services, but not the only one

Rental housing stabilises in Q3 2025 as demand-supply moderates: Report

India's rental housing market entered a consolidation phase in July-August 2025, with modest demand and supply growth pointing to a more balanced environment

Delhi's Khan Market 24th most expensive global retail spot: Report

Khan Market was 23rd most expensive retail location globally in last year's ranking

Govt launches ₹210 crore research programme for critical minerals

The government has rolled out a Rs 210-crore, three-year critical minerals research programme led by ANRF and the Ministry of Mines, restricted to nine Centres of Excellence

Budget 2026: FHRAI seeks tax perks to drive hotel expansion beyond metros

Pre-Budget representations made to finance ministry, tourism ministry

Capital market players call for tax sops, steps to deepen financial sector

Representatives of the sector sought lower Securities Transaction Tax (STT) on cash market trade as compared to derivatives, sources said

Hyderabad overtakes Bengaluru to become top GCC destination: Study

During January to November, Hyderabad accounted for 46 per cent of all new GCCs established, while Bengaluru captured 33 per cent

Google CEO Sundar Pichai urges caution on AI use, flags 'bubble' concerns

Sundar Pichai warns that AI has limits and urges users to use it carefully, noting that no company would be shielded if an AI investment bubble collapses

India's IT spend may rise 10.6% to $176 billion in 2026: Gartner

India's IT spending is projected to grow faster than the global average in 2026, driven by rapid expansion of data centres, rising cloud adoption and accelerating investment in GenAI-enabled software

Piyush Goyal calls for review of services trade data with TIA portal launch

While launching the Trade Intelligence and Analytics (TIA) Portal here, he said the industry should increase utilisation of free trade agreements (FTAs)

Anthropic, Microsoft and Nvidia come together in a strategic partnership

Microsoft & Nvidia commit to invest up to $15 billion in Anthropic