Page 9 - Industry News

Prosus-backed Ixigo aims to lead India's budget-to-mid hotel OTA market

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.

Essar Ports wins ₹2,276 crore Tuna Tekra terminal project at Kandla

The terminal will be developed under a 30-year build-operate-transfer concession through the public-private partnership route, with Essar emerging as the highest bidder

Rubio meets Adani, Tata Sons chiefs ahead of Reliance Jamnagar visit

Rubio, who arrived in Mumbai on Tuesday afternoon, first met Adani, followed by a meeting with Chandrasekaran

Half of coal plants run critically low on fuel as power demand surges

The number of power plants with critically low coal stocks - which only have enough fuel supply to generate power for less than three days - rose to 96 as of October 19 from 60 plants in mid-September

Newsprint manufacturers' body seeks PM intervention to resolve coal crisis

Industry body INMA flags irregular coal dispatches, rising production costs and supply disruptions, urging implementation of the 75:25 coal allocation ratio for power and non-power sectors

Polysilicon support scheme receives FinMin's in-principle approval

Finance ministry clears proposed scheme in principle; Cabinet nod awaited

Beyond Diwali sales, Sivakasi eyes global fireworks market with exports

India's fireworks capital is drawing interest from overseas buyers as Tamil Nadu pushes for export-friendly policies, modernisation and improved infrastructure to boost global sales.

Power: The old is undermining the new amid rising electricity demand

India's power sector faces a growing gap between rising electricity demand and investment in conventional generation and grid infrastructure, risking supply shortages during peak hours

Semaglutide mkt settles into steady growth six months after patent expiry

Generic brands now account for about 74% of monthly units as lower-priced products expand access, while doctors say the initial rush around the drug is cooling

Diesel exports offer Indian refiners gains amid rising crude import bill

Indian refiners are increasing diesel exports as the West Asia conflict and restrictions by Russia and China tighten supplies, although higher crude import costs and export duties could limit gains

YatriKart, MMG group ink ₹120 cr deal to open 1,000 quick-stop stores

Under the five-year partnership, MMG Group will fund store infrastructure, while YatriKart will manage operations as it targets a network of 5,000 outlets across India

Small-town shoppers drive strong start to India's festival online sales

Flipkart, Amazon and Meesho see strong demand from smaller towns and first-time buyers, while quick commerce and food delivery record limited festive gains, a BofA report finds

Govt to review 2019 mineral policy amid new sector priorities

Centre to review 2019 National Mineral Policy amid focus on critical minerals, recycling and deep-sea resources

Grocery to overtake mobiles as India's online retail market to cross $90 bn

Consequently, the grocery segment is poised to overtake mobile phones as the second-largest category in Indian ecommerce, behind fashion

Cognizant, Google Cloud expand partnership to drive agentic AI adoption

The group brings together a dedicated global workforce that pairs Google's full-stack, enterprise-ready AI platform with Cognizant's domain, industry and engineering expertise as an AI-builder

Haryana discoms face revenue loss risk as pvt firm enters Gurugram, Nuh

Eleven Power plans ₹4,717 crore investment, including underground cabling across Gurugram; state discoms have warned that losing high-paying consumers could deepen financial pressures

Contractors face penalties for accident-prone spots on national highways

Road ministry tightens highway construction norms, introducing penalties for contractors over repeat fatal accidents and capping subcontracting at 30% of project value

India's smartphone shipments plunge 26% in Q3, worst showing since 2016

Shipments fell to 35.6 million units as rising handset prices weighed on demand; Samsung overtook Vivo to lead the market, while Apple recorded a 20% decline in volumes.

Power ministry launches framework for digitalisation of distribution sector

The CEA framework sets out a five-year roadmap for discoms to adopt smart meters, GIS and AI-based systems, aiming to cut losses, improve reliability and strengthen cyber security

Gen Z drives growth in India's online beauty market: Myntra report

Gen Z shoppers are spending more on beauty, embracing premium minis and driving demand beyond metros, while sunscreen and K-Beauty searches surge, according to a Myntra report