Page 9 - Industry News

BMC launches AI-based CivitTwin to speed up Mumbai building approvals

The AI-powered platform will conduct virtual pre-scrutiny of building proposals, helping reduce delays, improve transparency and streamline approvals in Mumbai

Pan-Indian expansion a major strategic focus for top listed developers

Listed developers' FY26 pre-sales rise 18% YoY to ₹1.48 trillion, driven by multi-city expansion

CCI proposes increasing time limit under antitrust commitment mechanism

Competition watchdog seeks to address procedural issues in the commitment framework by extending filing timelines and clarifying application requirements

Price hikes to hit festive smartphone demand, annual sales by 30%: Report

Rising smartphone prices may push buyers to delay purchases or shift to refurbished devices, threatening festive season sales growth

Court rejects Pernod Ricard's plea to resume sale of liquor in New Delhi

Pernod and Delhi authorities have been at loggerheads on whether the company can sell its products like Absolut vodka and Chivas Regal while being an accused in a liquor policy probe

Godrej, JSW, Lodha and Sattva family offices back SILA's platform

These are secondary investments, and the selling shareholders are angel investors

Indian power firms boost gas purchases to meet night-time cooling demand

Large swathes of India have suffered from blistering heat waves this summer, with sweltering temperatures around-the-clock pushing peak electricity demand to new highs

Insurers seek doubling of tax-free limit for some products to boost inflows

Stronger inflows into such funds will boost demand for ultra-long bonds - which these funds heavily invest in - at a time when the federal and state governments' supply has risen

Bengal leather industry fears raw material shortage amid slaughter curbs

Under stricter regulatory regime and enforcement of West Bengal Animal Slaughter Control Act 1950, authorities have intensified checks on cattle transportation, documentation, and slaughter practices

Matching international trends, media acquisitions move online in India

More digital media companies are being set up and bought than TV and newspaper businesses

Singapore's Thakral raises stake in Gurugram mixed-use healthcare project

The increased ownership gives Thakral full strategic control over the 21-acre site with development potential of more than 2.5 million sq. ft in New Gurugram

MSME drugmakers face capital stress amid prolonged West Asia disruptions

Cost pressures, inventory strains likely to hit margins by 3-5%

Odisha govt to create dedicated land bank for hospitality sector

Odisha plans a ₹1,500-crore tourism land bank to fast-track hotel and resort projects across major travel destinations in the state

RMG execs fear liquidation of personal assets amid steep GST demands

Executives at real money gaming firms fear retrospective GST liabilities and penalties could force liquidation of personal assets amid mounting financial stress

Development Bank of Japan makes first real estate investment in India

Commits capital to the HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund)

India's energy investment likely to reach $170 billion in 2026, says IEA

The IEA said India's energy investment growth has been driven by solar, coal, transmission and battery storage infrastructure expansion

Coal India's coal gasification push may see ₹60,000 crore investment

Coal India's three planned gasification projects could attract investments of up to ₹60,000 crore as India pushes cleaner coal utilisation

Govt finalising new policy for coal gasification-based urea manufacturing

Coal gasification-based urea manufacturing converts raw coal and pet coke into syngas (hydrogen and carbon monoxide) via high temperature oxidation

Offshore betting ads most violative in FY26, says Asci report

Offshore betting ads emerged as the biggest violators of advertising norms in FY26, with Asci flagging over 6,900 cases amid a sharp rise in misleading digital and influencer-led promotions

Rourkela steel plant signs deal with GAIL for uninterrupted PNG supply

The SAIL-owned plant has partnered with GAIL to secure alternative fuel supplies amid propane shortages linked to the West Asia crisis