Page 10 - Industry News

TVS Emerald raises ₹425 crore in equity from IFC for housing projects

Realty firm TVS Emerald has raised Rs 425 crore in equity funding from the International Finance Corporation (IFC) to fund its new housing projects. TVS Emerald is part of the TVS Group. In a statement on Thursday, the company said the investment will be used to develop two upcoming residential projects, which would be launched next fiscal in Chennai and Bengaluru as well as future projects. The company would invest Rs 136 crore in Chennai project and Rs 103 crore in Bangaluru housing project. The rest will be earmarked for additional residential projects to be launched over the next two years. The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of Rs 4,400 crore. TVS Emerald is engaged in the development of residential projects and self-sustaining communities, with a presence in Chennai and Bengaluru. The company has delivered over 6 million sq ft. of residential developments and has more than 9 million sq ft currently under development.

63SATS bets big on mobile cybersecurity with insurance net in India

With traditional security models unable to control AI-powered cyberattacks, 63SATS Cybertech, part of 63 moons technologies, has built a software platform for smartphone users along with an embedded comprehensive insurance to achieve cybersecurity and a financial safety net across India. The cybersecurity services firm merged software security and cyber insurance in to one active digital defense super app, CYBX, for everyday mobile users. Apart from controlling cyber threats, risks, and frauds, 63SATS Cybertech has also tied up with general insurer ICICI Lombard to provide a financial safety net to its cybersecurity app users. Elaborating on the depth of cybersecurity solutions, 63SATS Cybertech, Joint MD and Joint CEO Srinivas L said Indian smartphone users can now access exchange-grade security coupled with a financial safety net of up to Rs 10 lakh. "With protection offered for more than 100 threats, including covering digital safety, financial frauds, privacy protection, identi

Government may do away with exception for small cars in CAFE 3 norms

Formula tweak under discussion to set lenient targets for vehicles weighing less than 1,229 kg

Niti Aayog suggests ₹6,000 cr VGF, PM-Suryaghar-like scheme for MSMEs

Niti Aayog has proposed a PM-Suryaghar-style capital subsidy scheme and a ₹6,000-crore viability gap funding mechanism to help MSMEs cut energy costs, adopt green power and stay competitive globally

Swelect Energy Systems rebrands, launches NUMERGY energy storage line

SWELECT Energy Systems Ltd on Wednesday unveiled a new brand logo and the tagline 'Powering the World Responsibly' as it seeks to strengthen its presence in solar, energy storage, and integrated energy solutions, a company official said. The Chennai-based company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) designed to meet the growing demand for reliable power across residential and commercial applications. In a press release, SWELECT Energy Systems Ltd founder and vice chairman R Chellappan said, "Our new identity reflects how far we have come and where we are headed. From building dependable power solutions under Numeric to focusing on clean energy through SWELECT, our core values remain the same-reliability, responsibility, and trust." The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions, the release ..

India land area transacted rises in 2025 despite slight drop in deals

Overall, at least 126 land deals involving over 3,772 acres were sealed across the country in 2025, compared with 133 deals spanning 2,514 acres in 2024

India in same group as US, China in AI development: Ashwini Vaishnaw

India, Vaishnaw said, had been ranked third in Stanford's AI preparedness and penetration rankings and second in the AI talent base rankings

Power secretary asks discoms to cut supply costs, rethink coal sourcing

Power secretary Pankaj Agarwal has asked distribution utilities to cut electricity supply costs by securing cheaper coal, rationalising transmission charges and simplifying tariffs, amid concerns over

DoT de-licenses lower 6 GHz band to boost next-generation Wi-Fi services

The de-licensing of the lower 6 GHz band will enable Wi-Fi 6 and Wi-Fi 7 services, supporting faster connectivity, next-generation devices, and data-intensive applications such as gaming, AR and VR

FICCI reappoints GSK Velu as Tamil Nadu State Council chairman for FY26

Industry body FICCI has re-appointed healthcare entrepreneur GSK Velu as Chairman of its Tamil Nadu State Council for 2025-26, marking his fifth straight term at the helm of the council

Indian luxury brands on par with global peers in FY25, shows Tofler data

According to data sourced from business intelligence platform Tofler, global fashion houses like Christian Dior, Hermes, and Gucci have not crossed the ₹500 crore mark when it comes to revenue in FY25

Pesticide industry seeks tighter e-commerce rules to curb fake sales

The pesticide industry on Wednesday urged the government to tighten the regulation for e-commerce platforms selling crop protection products, warning that basic compliance checks are insufficient and calling for mandatory authorisation certificates to prevent fake products from reaching farmers. Industry body CropLife India said that the government should issue clear rules under the existing Insecticides Act, 1968, and include explicit provisions in the draft Pesticides Management Bill to regulate online sales, as concerns mount over product authenticity and supply chain traceability. "As digitisation is increasing in India, the usage of these platforms will grow. Pesticide is a regulated industry, and the entire supply chain should follow the regulatory framework," CropLife India Chairman Ankur Aggarwal told reporters after a national conference on crop protection product sales on e-commerce platforms. P K Singh, Agriculture Commissioner at the Ministry of Agriculture, said at the

Centre urges power utilities to cut supply costs to ease burden on users

At present, ‍India ‍has extended a ‌complete waiver of inter-state transmission charges for electricity storage projects until June 2028

Allcargo names Vaishnav Shetty Deputy MD as part of leadership transition

In a move aimed at facilitating a leadership transition at the Allcargo group, the company on Wednesday elevated Allcargo Global Ltd's Executive Director for North Asia Vaishnav Shetty to the position of Deputy Managing Director and inducted him as a member of the AGL Board of Directors. Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde, a statement said. The appointment has been approved by the Board of Directors, it added. AGL, the international supply chain arm of the Allcargo Group, accounts for as much as 80 per cent of the group's revenue. His elevation reflects the group's structured approach to succession planning and building a digital-first and future-ready organisation amid the ongoing restructuring exercise at the group, under which its businesses are being reorganised into four independent and focused entities, the company said. As part of this process, the group's international supply chain

AI regulation in India should follow risk-based approach: Trai chairman

Trai Chairman Anil Kumar Lahoti said India should adopt a risk-based approach to AI regulation, with oversight limited to high-risk use cases while low-risk applications remain under self-regulation

MATTER Motor Works plans to invest $100 million over next three years

Electric motorcycle maker MATTER Motor Works plans to invest USD 100 million dollars (nearly Rs 915 crore) in the next three years, as it plans to roll out four bikes besides entering the electric scooter segment, its Founder and Group CEO Mohal Lalbhai said on Wednesday. The company is targeting annual sales of 3 lakh units by 2029, while it looks to start exports to overseas markets by 2027, Lalbhai told PTI. "We are talking about four different classes of products. There will be variants underneath, but it will be four motorcycles and one scooter," he said when asked about the company's product rollout plans. Elaborating further, Lalbhai said, "We started off with a 175 to 200 cc equivalent (electric bike). We are going to be bringing in a 150 cc (equivalent) in 2026, then bringing in a 125 cc product in 2027, creating different form factors of the 150 cc and the 200 cc over 2028 and 2029." Then, towards 2029, he said, "We are looking at introducing a scooter once our entire ...

Centre likely to amend Sarfaesi Act for control over Central Registry

The Centre is considering amendments to the SARFAESI Act to clarify oversight of CERSAI, empower RBI, remove legal ambiguities, and improve credit enforcement and ease of doing business

Indian hospitality and travel sector sees surge in institutional capital

Institutional investors are increasing exposure to India's travel and hospitality sector, with deals like Warburg Pincus-Lemon Tree signalling confidence in asset-light growth and tourism demand

TCS, Infosys retain top positions in global IT brand value rankings

India's information technology behemoths continue to dominate the global landscape, with Tata Consultancy Services (TCS) and Infosys maintaining their positions as the world's second and third most valuable IT services brands, respectively, according to the latest IT Services 25 (2026)' report by Brand Finance. India stood toe-to-toe with the US in the global IT rankings, with both nations fielding eight firms each in the top 25 list. The report, which tracks the brand value and strength of the world's leading IT firms, highlighted that Accenture (USD 42.2 billion brand value) has retained its position as the world's most valuable IT services brand for the eighth consecutive year. According to the report, TCS the world's second most valuable IT Services brand for the fifth year in a row holds a brand value of USD 21.2 billion in 2026. Infosys, with a brand value of USD 16.4 billion, was termed as the fastest growing IT Services brand over the past 6 years, with a brand value CAGR

Centre to bring four more sectors under GHG emission reduction rules

The industrial units in four additional sectors -- petroleum refinery, petrochemicals, textiles and secondary aluminium -- must now reduce emissions by a stipulated amount, following their induction into the country's GHG emissions intensity reduction regime, Environment Ministry officials said on Tuesday. The reductions are expected to be in accordance with the Greenhouse Gases (GHG) Emission Intensity Target Rules, 2025. The four sectors' inclusion comes months after the ministry brought traditionally high-emission sectors such as aluminium, cement, chlor alkali and pulp and paper in the ambit of the reduction regime. "As per the new norms, it has been made mandatory for as many as 208 industrial units spread across the country to reduce GHG emissions per unit of product (emission intensity), beginning 2025-26. The four more sectors added to the regime will help meet specific reduction targets by 2026-27 compared to a 2023-24 baseline," a senior official said. These industrial un