Page 12 - Industry News

55% of GCC work in India at risk from AI-driven disruption: Zinnov

Report flags growing AI-driven disruption in global capability centres, urging shift towards innovation, advanced skills and high-value work to sustain relevance

Sula Vineyards acquires Chandon's wine facility, estate in Nashik

Wine producer Sula Vineyards on Wednesday announced the acquisition of Chandon's wine production facility and estate in Dindori, Nashik, for Rs 20 crore, which will help expand its wine tourism footprint. Sula Vineyards is pleased to announce that it has signed a definitive agreement with Moet Hennessy India to acquire Chandon's estate in Dindori, Nashik, for Rs 20 crores, which will be raised through internal accruals, according to a statement. Chandon's wine production facility spreads across 19 acres, comprising a highly advanced facility with an annual capacity of 4.5 lakh litres, scalable up to 13 lakh litres. The acquisition is being undertaken through the company's wholly-owned subsidiary, Artisan Spirits (ASPL) and is expected to close by the end of the first quarter of FY27, subject to completion of regulatory approvals. Following completion, Chandon will cease wine production in India, and Sula will market wines produced from the estate under its own portfolio, with no ..

Parliamentary panel flags low fund use by tourism ministry, seeks reforms

Parliamentary panel highlights sharp underutilisation, recommends quarterly spending targets and a dedicated promotion board to boost tourism marketing

Power ministry directs plants using imported coal to run at full capacity

The Power Ministry is believed to have directed imported coal-based thermal plants to operate at full capacity for three months from April 1, to avoid any electricity shortage amid the estimated peak demand of 270GW during this summer. Sources said that in letters sent to imported coal-based plants in the country, the power ministry invoked Section 11 of the Electricity Act, asking them to run at full capacity. The step has been taken to ensure optimal power availability, considering the prevailing demand-supply scenario and the expected rise in electricity demand in the coming months, according to the letter. The ministry has estimated the peak power demand to be over 270GW during this summer season (April onwards). However, during last summer (April 2025 onwards), the peak power demand was 242.77 GW in June, 2025. According to government estimates, peak power demand was expected to touch 277 GW in the summer of 2025. The peak power demand touched an all-time high of about 250 G

Odisha keeps power tariff unchanged for fifth year despite rising costs

Regulator retains electricity rates for FY27 despite rising procurement costs, offering relief to consumers while introducing incentives for digital payments and efficiency

Odisha to take authentic Odia cuisine nationwide via restaurant chain plan

Odisha plans to promote its culinary heritage nationwide through dedicated restaurant chains across metros and tourist hubs, aiming to boost gastronomy tourism and cultural branding

Daily AMC repo volumes rise sharply in FY26, expected to double in FY27

Triparty repo platform operator AMC Repo Clearing has witnessed a sharp surge in daily trading volumes in FY26, and it is expected to double in 2026-27, a top official has said. The average daily volume in the market, which is majorly used by primary dealers and corporate treasuries for raising funds against their corporate bond investments, surged to up to Rs 7,000 crore a day in FY26, from a level of up to Rs 2,000 crore a day in FY25. Kashinath Katakdhond, Managing Director at the platform, said the daily volume is expected to surge to Rs 10,000-15,000 crore a day in the upcoming fiscal year, driven by a widening user base. "The increase in traded volume this fiscal year is due to more participants coming in, new participants getting activated, and a constant spread between CCIL TREPS and the ARCL triparty repo market," he told PTI. He added that market participants are increasingly leveraging their corporate bond portfolios to meet short-term funding needs, particularly amid ..

Tredence eyes Europe, GCC expansion to reduce US revenue dependence

The data analytics and AI firm is focusing on Europe and GCC markets, expanding beyond retail CPG and the US, while building partnerships and AI-led capabilities to drive growth

Govt may move proposal to merge Rail Vikas Nigam, Ircon International

The ministry of railways owns a majority stake in both Rail Vikas Nigam (72.8%), Ircon International (65.17%), and the two companies have a combined market capitalisation of around ₹65,000 cr

Datanomics: India's gems and jewellery export growth flat in FY26

Nearly half of the pearls and precious stones coming to India were imported from UAE in FY26 (till Jan). The UAE also supplied around 23% of India's gold imports in the same period

BTS world tour may generate $5.3 billion boost across host cities

BTS' world tour will kick off on April 9 in the South Korean city of Goyang and will make stops in Las Vegas, Los Angeles, London, Paris, Tokyo, Singapore and other major destinations

Soft landing for aviation insurance premiums amid benign loss trends

Aviation insurance rates have softened due to excess reinsurance capacity and lower global losses, though geopolitical risks continue to influence underwriting conditions

West Asia conflict: Small firms face big strain from energy and cost shocks

Rising gas prices, disrupted routes threaten MSME margins and output: CII

Policy response to heatwaves remains cool even as nationwide instances grow

An early March heat spike has raised concerns of a prolonged summer as El Niño risks grow. While preparedness has improved, gaps in planning, funding, and implementation persist

JICA signs ₹16,420 crore loan deals for several projects in India

Japan International Cooperation Agency (JICA) on Tuesday signed four loan projects, including a project for promoting sustainable horticulture in Punjab and Mumbai Metro Line, aggregating to Rs 16,420 crore. The loan agreement was signed with the Government of India to provide Official Development Assistance (ODA) loan for four key projects, JICA said in a statement. The loan agreement was signed in New Delhi between Alok Tiwari , Joint Secretary, Department of Economic Affairs, Ministry of Finance, and Takeuchi Takuro, Chief Representative of JICA India Office. The four projects include a project for strengthening the tertiary Healthcare Delivery, Medical Education System and Nursing Education System in Maharashtra (62,294 million Japanese Yen); a Project for Promoting Sustainable Horticulture in Punjab (18,684 million Japanese Yen), Bengaluru Metro Rail Project (Phase 3) (I) (102,480 million) and the Mumbai Metro Line 11 Project (I) (92,400 million Japanese Yen). The projects aim

JP Morgan appoints HSBC veteran Rahul Badhwar as senior country officer

American bank JP Morgan has appointed HSBC Group veteran Rahul Badhwar as its senior country officer for India. Sjoerd Leenart, J P Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment. Badhwar replaces Kaustubh Kulkarni, the senior country officer who quit in September to join rival Citigroup. "India is a critical market for our Asia Pacific franchise, and Rahul will play a central role in driving and executing our growth strategy across the country," the internal memo reviewed by PTI said. Badhwar's responsibilities will include getting the firm's entire set of offerings to clients, strengthening governance and controls, and supporting the talent base and community, as per the memo. He will join the firm in July and be based out of Mumbai, it said, adding that Badhwar will report to Leenart and also be a part of the Asia Pacific Management Committee. Badhwar has spent three decades in sales and trading roles at HSBC, and was last based in

'Moving beyond 10-minute race': Zepto launches Pay Later facility

Quick commerce platform Zepto on Tuesday introduced a suite of new in-app features, including a 'Pay Later' facility and real-time images of fresh produce, as it shifts its strategic focus from delivery speed to "behaviour-led commerce." The company stated that the quick commerce sector is moving beyond the "race to the fastest 10 minutes" to focus on reducing everyday shopping friction and serving customers more intelligently. The newly rolled-out 'Pay Later' feature offers a 15-day, interest-free repayment cycle embedded directly within the app. Designed for high-frequency, low-value orders, the facility allows for a one-tap checkout without One-Time Passwords (OTPs) or third-party redirects. According to the product interface shared by the company, the service provides instant credit of up to Rs 10,000. "Meet Zepto Pay Later, a BNPL experience built completely inside the Zepto app. Shopping is now going to be smoother than ever. It's already live for a small percentage, and we p

NCLAT allows Adani JAL plan to proceed, denies relief to Vedanta

NCLAT allowed Adani Enterprises' JAL resolution plan to proceed while refusing interim relief to Vedanta, with execution subject to final outcome of the appeal

Priya Kapur removes Rani Kapur as trustee of RK Family Trust amid dispute

Notice cites breach of fiduciary duties as dispute over late Sunjay Kapur's estate escalates, with proceedings underway in the Delhi High Court

CIE scheme to be notified by mid-2026 to boost equipment manufacturing

The government will notify the CIE incentive scheme by mid-2026 to boost domestic manufacturing, raise value addition, and attract investments in construction equipment