Page 2 - Industry News

Air India's CEO pick was earlier chosen to lead Pakistan's largest airline

Tewolde Gebremariam was earlier shortlisted to head Pakistan International Airlines as it pursued a turnaround following its privatisation

DLF confident of meeting FY27 pre-sales target of ₹20k cr despite weak Q1

Realty major DLF Ltd on Tuesday exuded confidence that it will achieve sales bookings target of around Rs 20,000 crore this fiscal on strong launch pipeline and inventories in existing projects, even as the company's pre-sales plunged 94 per cent in the June quarter to Rs 657 crore. During 2025-26, DLF Ltd's sales bookings or pre-sales fell 5 per cent to Rs 20,143 crore from a record of Rs 21,223 crore in the preceding financial year. In May this year, the company had given an annual sales bookings guidance of Rs 20,000 crore for the current 2026-27 fiscal. At a webcast with a capital market analyst, DLF Ltd Managing Director Ashok Kumar Tyagi pointed out that the June quarter was weak in terms of pre-sales as the company did not launch any housing project. However, he said, "We are on track to hopefully meet our sales guidance." Tyagi said the company continues to focus on improving cash flows and embedded margins. He said the company is also looking at strategic land acquisitio

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

DoT signs MoU with MP for India's first Telecom Manufacturing Zone

Centre and Madhya Pradesh sign MoU for telecom manufacturing hub, targeting up to Rs 9,000 crore in investments and around 10,000 jobs

RIICO gets 449 applications for 240 industrial plots in Rajasthan

RIICO received 449 applications for 240 industrial plots under its Direct Allotment Scheme, reflecting strong investor interest in Rajasthan's manufacturing sector

MHI extends rare earth magnet manufacturing tender deadline for third time

Heavy Industries Ministry extends bid deadline to August 12 under the Rs 7,280-crore scheme to encourage domestic rare earth permanent magnet manufacturing

Services output growth cools in May as postal, broadcasting contract

NSO's trial services index shows fewer sectors posting double-digit growth, though accommodation, banking and retail continue to lead the expansion

Indian manufacturers back AI for growth but lag on innovation: PwC report

Report says Indian manufacturers are more optimistic about AI than global peers but warns weak innovation and poor technology integration could hurt long-term competitiveness

May ISP: 16 of 19 service sub-sectors grow; accommodation, food lead

Eight sub-sectors recorded double-digit growth, while information and broadcasting, air transport, and postal and courier services contracted year-on-year

From Google to Zomato: What the Digital Competition Bill means for firms

The Union government may raise thresholds under the proposed Digital Competition Bill. Here's what the law seeks to do, who may fall within its scope and why the changes matter

Haryana govt to introduce new MSME policy soon, says Haryana CM Saini

The Haryana government will soon bring a new MSME policy, Chief Minister Nayab Singh Saini said on Saturday. The new MSME policy, which will take the MSME and export sectors to new heights, is under the cabinet approval, but its draft contains several important proposals for the benefit of the industry, Saini said. He said the proposed export freight subsidy support limit has been increased from Rs 10 lakh to Rs 30 lakh per unit per year. Industries exporting more than 80 per cent of their production will be given special recognition on the proposed Udaan Dwar Portal, enabling them to connect more easily with international buyers, he said. He also said the draft policy proposes affordable insurance products by expanding the scope of the Mukhyamantri Vyapari Kshatipurti Yojana to protect small traders and MSMEs against losses arising from fire, theft, and natural disasters. To further improve ease of doing business, land feasibility certificates will now be issued within 45 working

IT firms Q1 growth not enough to offset AI's impact on traditional biz

Top IT firms reported muted growth as macroeconomic uncertainty, weak discretionary spending and AI-led disruption continued to weigh on traditional revenue streams

Film set safety in India: What's missing from the legal framework?

The death of a crew member on the sets of Love & War has revived concerns over film set safety. While film workers are covered by labour laws, India still lacks a dedicated framework for on-set safety

Not cutting-edge, but can Tata's chip fab reduce India's import bill?

India's first semiconductor fabrication plant is making headlines for what it may not produce. Here's why

TV, radio licensees can opt for new Telecom Act regime: Draft rules

The Centre's draft Telecom Rules consolidate TV and radio guidelines and allow existing licensees to voluntarily migrate to the new authorisation framework

India unveils its first air taxi prototype: Here's how eVTOLs work

The unveiling of India's first electric air taxi prototype has brought a technology that has long been under development into the spotlight

Why Isro is seeing more exits and what it could mean for India's space push

Why is the government making it harder for some Isro scientists to leave? The answer lies in India's growing private space industry, and lessons from abroad

Why India's growing solar surplus is going unused despite record demand

India's solar generation has surged to record levels, but an average 24 GWh of electricity went unused every day in May 2026 because the grid could not absorb it before demand shifted to the evening

India becomes world's largest retail GCC hub with 180 centres: Report

Retail GCCs in India now employ over 0.27 million professionals, with hiring increasingly shifting towards AI, engineering and supply chain roles, a report said

Why India's SEZ regime is headed for its biggest overhaul since 2005

Industry and policy experts say the original framework helped exports but struggled to deliver the manufacturing transformation once envisioned