Page 90 - Industry News

FMCG sales see slow growth to 5.4% in Q2 amid GST rejig: NielsenIQ

The rural market also slowed down from 8.4 per cent to 7.7 per cent year-on-year, but continued to outpace the pace of sales in urban areas for the seventh consecutive quarter

India's IT spending to hit $176 bn in 2026 on data centre, AI boom: Gartner

Gartner projects India's IT spending to rise 10.6% to $176.3 billion in 2026, driven by strong data centre and software investments as enterprises accelerate cloud, AI and digital adoption

Lilly's Donanemab gets CDSCO approval for early Alzheimer's treatment

Eli Lilly has secured CDSCO marketing authorisation for donanemab, an amyloid-targeting therapy for adults with early symptomatic Alzheimer's

AstraZeneca, Sun Pharma sign deal to distribute hyperkalaemia drug in India

AstraZeneca Pharma India and Sun Pharmaceutical Industries have formed an exclusive brand partnership to promote and distribute SZC for hyperkalaemia treatment under separate brands

NPPA extends knee implant price ceiling by one year till November 2026

The NPPA has extended the knee implant price cap despite industry requests to remove or relax it, citing rising costs and innovation needs, as the regulator prioritises affordability for patients

India's DPDP rules: Govt in talks with industry to slash compliance time

Ashwini Vaishnaw said the Centre is consulting industry to cut the 18-month window for implementing new data protection requirements

MCA finalises cabinet note on Companies Amendment Bill, eyes winter session

MCA finalises cabinet note; Bill to streamline rules, permit multi-disciplinary firms and widen NFRA's powers

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

Piyush Goyal urges corporates to create pool of funds to support startups

He also asked domestic firms to focus on quality, innovation and sustainability to push the country's economic growth

S&P Global upgrades Bharti Airtel to BBB on stronger earnings outlook

The agency cited Airtel's rising ARPU, robust India operations and continued deleveraging for the upgrade, while noting rising debt at Bharti Telecom even as shareholder returns are set to increase

Arunachalam Vellayan: The quiet organiser behind big-tent businesses

Arunachalam Vellayan, former Murugappa chairman, passes away at 72

BLS International expects tourists from China to rise 15% next year

China flights opening to give 15% rise in tourist arrivals, says JMD Aggarwal

CERC warns solar, wind plants of disconnection over grid violations

The case underscores growing concerns over grid security as India accelerates renewable capacity additions to meet its 2030 clean energy targets

Centre approves 17 more projects worth ₹7,172 crore under ECMS

Aequs, Uno Minda, and Zetwerk's arm among firms that got approval

GST transition sparks short-term FMCG demand dip in Sep quarter: Report

FMCG volumes eased to 5.4% in Q2 as GST transition caused a brief slowdown, though rural markets continued to outpace urban areas and overall sector growth stayed strong at 12.9%

India's medtech sector sets sights on tripling UK exports by 2030

A 7-member AIMED delegation explored regulatory alignment, market access and technology-sharing opportunities in the UK as India targets a sharp rise in medical device exports by 2030

Pumped storage projects key to meeting rising power needs: Khattar

India is currently a power-surplus nation, however, excess renewable energy capacity remains under utilised due to limited capacity tie-ups, he noted

AI shifts from support role to core strategy, industries speed up adoption

Global enterprises are moving from routine automation to predictive, real-time intelligence as AI becomes central to operations across sectors

India's sugar output rises 48% as more mills begin crushing: Industry body

India's sugar consumption is estimated at around 29 million tons, which could allow New Delhi to export 2 million to 2.5 million tons of sugar in the new season, the NFCSF said

Azimuth AI, Cyient unveils India's first-gen IP powered silicon chip

Tailored for smart utilities, advanced metering, battery management, smart cities and industrial automation, it brings real-time intelligence while maintaining low power consumption