Page 2 - Industry News

CII demands mandatory green hydrogen blending across key industries

Industry body CII has urged the government to mandate green hydrogen blending across sectors such as refining and fertilisers, backed by incentives and cost-offset mechanisms to spur demand

RBI looks to resume UCB licences after 22 yrs; moots ₹300 cr min capital

CAR not less than 12%; net NPA not above 3%

Cement makers likely to log better Q3 earnings as volume rebounds

India's top cement makers may post stronger Q3 FY26 earnings as volumes rebound and operating leverage improves, even as pricing remains under pressure amid intense competition

Bank of Maharashtra Q3 profit up 27%, declares 10% interim dividend

State-owned Bank of Maharashtra (BoM) on Tuesday posted 26.5 per cent rise in net profit to Rs 1,779 crore for the third quarter ended December 2025 with rising interest income. The Pune-based lender had posted a net profit of Rs 1,406 crore in the October-December period a year ago. Total income increased to Rs 8,277 crore during the quarter under review from Rs 7,112 crore in the same period previous year, BoM said in a regulatory filing. The bank earned an interest income of Rs 7,344 crore during the quarter compared to Rs 6,325 crore a year ago. Net Interest Income (NII) grew 16 per cent to Rs 3,422 crore in Q3FY26 as against Rs 2,943 crore in Q3FY25. The board has approved an interim dividend of 10 per cent on the equity shares of the bank i.e., Rs 1 per share having face value of Rs 10 each for financial year 2025-26, BoM Managing Director and CEO Nidhu Saxena said during a media interaction. The bank was able to reduce gross Non-Performing Assets (NPAs) to 1.60 per cent of

Critical mineral supply chain needs collective global action: Vaishnaw

India urges global cooperation to build resilient critical minerals supply chains, focusing on rare earths, sustainable processing, technology sharing and recycling during a US ministerial meeting

Homebuyers cannot execute decree against promoters without liability: SC

The Supreme Court has held that decrees passed only against real estate developers cannot be enforced against directors or promoters personally unless the original adjudication clearly establishes ind

US-based Bernstein sees volatile 2026 for India's e-commerce market

Leaders Blinkit and Swiggy face intense competition and unpredictable margins as investors weigh long-term potential in India's fast-growing quick-commerce sector, Bernstein says

CCI clears ChrysCapital's proposal to acquire stake in Nash Industries

Fair trade regulator CCI on Tuesday approved home-grown private equity firm ChrysCapital's proposal to acquire a stake in Nash Industries (I) Pvt Ltd. Mumbai-based ChrysCapital is acquiring stakes through its three affiliates, ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Ltd. These entities invest in different sectors. "The proposed combination pertains to the acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue Wave Investments Limited (collectively, the Acquirers), collectively, of certain equity share capital of Nash Industries (I) Private Limited (Target)," the Competition Commission of India (CCI) said in a release. Nash Industries is engaged in the business of box build solutions and metal stamping. The acquirers are private equity investors, belonging to the ChrysCapital Group. "Commission approves acquisition by ChrysCapital Fund X, Two Infinity Partners and Blue wave Investments Limited, collectively, of certain equity share capital in

Indian job market gains pace as hiring rises 15% in December: Report

Hiring activity rose 15 per cent year-on-year and 5 per cent sequentially in December 2025, indicating the job market is moving from a cautious recovery phase to measured expansion, a report said on Tuesday. Artificial intelligence emerged as the defining hiring force of the year, with 2,90,256 AI-linked roles posted in 2025. India's job market closed 2025 with renewed confidence, with hiring activity rising by 5 per cent month-on-month and 15 per cent year-on-year, signalling a clear shift from cautious recovery to measured expansion, according to the Insights Tracker report by foundit (formerly Monster APAC and ME). This momentum is set to accelerate further, with AI hiring projected to grow 32 per cent year-on-year in 2026 to nearly 3.8 lakh roles, the report added. "2025 was both a year of expansion and discipline in hiring. AI is no longer experimental; it is central to workforce planning. In 2026, hiring will be increasingly skills-led, mid-career-focused, and spread across b

M3M to invest ₹3,500 crore in 'ELIE SAAB' branded luxury homes in NCR

Realty firm M3M India on Tuesday said it has partnered with global fashion and lifestyle brand ELIE SAAB to develop two ultra-luxury housing projects in Delhi-NCR with a total investment of Rs 3,500 crore. M3M India will build 300 apartments in Gurugram, while its group firm Smartworld Developers will construct about 650 flats in Noida. M3M India Group is partnering with luxury brands to boost sales of its properties. The company has already completed a housing project in Gurugram under 'Trump' brand. In October last year, it tied up with Jacob & Co, a globally renowned luxury brand, for a project in Noida. "We have partnered ELIE SAAB for two branded residential projects in Delhi-NCR," M3M India promoter Pankaj Bansal told reporters in Gurugram. ELIE SAAB Group Vice Chairman and CEO ELIE SAAB Jr said the Group entered into branded residences in 2019 with first project in Dubai. It has done more than 25 real estate projects globally so far. ELIE SAAB is entering India in ...

IPA members commit $50 million to set up pharma skilling academy PAGE

IPA member firms have committed $50 million to launch PAGE, an industry-led academy to boost pharmaceutical manufacturing skills, quality systems and regulatory compliance in India

India's urban housing market faces structural affordability crisis in 2025

In Bengaluru, 20 per cent of buyers are now priced out of sub-Rs 1 crore homes, compared to 14 per cent in 2024, despite 13 per cent year-on-year demand growth

Ducati India plans 10 new model launches in 2026, price reveal soon

Italian luxury motorcycle maker Ducati on Tuesday said it has lined up 10 new and updated motorcycle models for launch in the domestic market this year. These models include Desmo450 MX, the 2026 edition of the new Multistrada V4 Rally, Panigale V4 Lamborghini, and new Monster V2 and the new Hypermotard V2/V2 SP, among others, it said. Of the 10 new models, one motorcycle model, Panigale V4R, has already hit the market on January 2, Ducati said. Besides, the company said its dealer touchpoints for the Indian market are also in place. "The year 2026 is poised to be another landmark year for Ducati as we continue to push boundaries with a portfolio of new launches that will set fresh benchmarks in the premium motorcycle segment," said Bipul Chandra, Managing Director, Ducati India. Ducati India's commitment to delivering the most sophisticated, performance-driven motorcycles to Indian customers has never been stronger, he said. "We are excited to introduce these exceptional new mod

RedTape founders look to sell majority stake, approach Blackstone, KKR

EY has reached out to private equity firms Blackstone and KKR and Co to explore potential offers for the family's stake, said two of the three sources

Indofast Energy to install 23 battery swapping stations on Mumbai Metro 3

Battery swapping solutions provider Indofast Energy on Tuesday said it will set up a network of 23 battery swapping stations along the Mumbai Metro Aqua Line 3 corridor under a partnership with MMRCL. Under this partnership, Indofast Energy will deploy swapping stations strategically across eight key stations on the Aqua Line 3 route - Aarey JVLR, SEEPZ, MIDC, Santacruz Metro, Bandra Kurla Complex, Dharavi, Worli, and Acharya Atre Chowk, the company said. The charging infrastructure will cater to electric two- and three-wheelers as well as small commercial vehicles. It will benefit delivery partners, ride-sharing drivers, and daily commuters using the Aqua Line 3 route, making it easier for those using this major north-south corridor to adopt electric vehicles for their complete journey needs, Indofast Energy said. The strategic collaboration with Mumbai Metro Rail Corporation Limited is a significant step in creating integrated sustainable urban mobility solutions by connecting mas

zingbus bets on demand-led expansion to hit ₹350 crore revenue in FY26

Intercity bus aggregator zingbus on Tuesday said it is aiming to reach a topline of over Rs 350 crore this fiscal, driven by demand-led network expansion across north and south India. This growth is supported by extensive intercity route expansion across north and south India, launching 28 new routes for zingbus Maxx and zingbus Plus, the company said. The fleet expansion was largely undertaken on existing routes, enabling travellers to benefit from greater flexibility in travel timings, it said. The company said it expects to record strong year-on-year growth in FY26 compared to FY25, supported by a sharp rise in revenue from operations, indicating consistent growth across its intercity network. "As we work towards our FY26 growth goals, there has been a clear focus on demand-led expansion, adding routes where we continuously observe high passenger demand," said Prashant Kumar, Co-founder and CEO of zingbus. The company said it is on its path to profitability while doubling its f

Can't treat compliance as a quarter-end activity: RBI DG Swaminathan J

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision

ADIF writes to CCI for interim relief to Indian startups in Apple case

Alleges company is using dilatory and delaying tactics in regulator's investigation

Nvidia to invest $1 billion with Eli Lilly to build AI-driven drug lab

The hope is to supercharge a time-consuming process that currently relies heavily on human researchers conducting physical experiments

Record domestic coal output helps India save nearly $8 bn in imports

Capex crosses target by 44%