Page 30 - Industry News

Results preview: Alcobev industry growth may have cooled in Q3FY26

JM Financial estimates revenue growth of the industry at about 6.2 per cent year-on-year (y-o-y) in the quarter, a sharp decline from the strong momentum seen over the past year

Telcos push I&B ministry for fresh D2M tech assessment: What they want

Indian telcos have urged the I&B Ministry to restart the technical evaluation of direct-to-mobile technology, calling for broader standards-setting and consultation involving all stakeholders

India's manufacturing renaissance: Building a new industrial architecture

The architecture of a new industrial era is being shaped by sustained political leadership and long-term institutional thinking

DGCA shares airline-wise data with CCI for IndiGo's investigation

Data regarding routes exclusively operated by Indigo between September and December 2025 is also being shared by the DGCA with the Commission

Pilots' body FIP serves legal notice to AAIB over Ahmedabad crash probe

Pilots' body FIP has served a legal notice to the Aircraft Accident Investigation Bureau (AAIB) regarding the summoning of a nephew of Sumeet Sabharwal, one of the pilots who died in an Air India plane crash at Ahmedabad in June last year. In connection with its probe into the crash, AAIB has summoned Captain Varun Anand, nephew of the late Sabharwal and a narrow-body aircraft pilot with Air India. Anand is also a member of the Federation of Indian Pilots (FIP). Sabharwal was one of the pilots who operated the ill-fated Boeing 787-8 plane that crashed into a medical hostel complex on June 12, 2025, soon after take-off from Ahmedabad for London Gatwick. As many as 260 people, including 241 on board the plane, were killed in the AI171 crash. "Captain Varun Anand is neither a factual witness nor a technical witness nor an expert witness in relation to the said accident. The sole basis for calling Captain Varun Anand appears to be his familial relationship with the deceased ...

Centre to soon frame rules to integrate MGNREGA workers into VB-G RAM G

States will get a six-month transition window to notify and align with the new scheme once the Act is formally notified by the Centre

Coal ministry signs development agreements with DVC for three blocks

The three projects are expected to create around 66,248 direct and indirect employment opportunities, fostering livelihood generation and regional development in the coal-bearing areas

High compliance costs, capital gaps drag manufacturing growth: Assocham

Industry stakeholders have flagged high compliance burden, logistics and energy costs, and limited access to long-term capital as main constraints for manufacturers, according to a survey by Assocham. Business leaders have urged the government to take measures to boost domestic manufacturing and strengthen the 'Make in India' initiative in the Budget 2026-27. The survey covered about 120 respondents over three weeks across sectors, including manufacturing, services, infrastructure, startups, IT and ITeS, among others. It found that 55 per cent of respondents remain optimistic about the business outlook over the next 12 months, while 32 per cent maintain a neutral stance, and the remaining 13 per cent expressed a pessimistic outlook. Citing the survey's findings, Assocham stated that while government initiatives such as infrastructure capital expenditure, GST 2.0 reforms and Production Linked Incentive (PLI) schemes are seen as directionally positive, their on-ground impact remains

Stepping Up: How homegrown sneakers are redefining India's footwear scene

Indian consumers are increasingly choosing homegrown sneaker brands over global labels, drawn by better comfort, local design relevance, sustainability and value-for-money pricing

Engine damage may disrupt Air India's A350 flights, airline warns

The damage to the airplane occurred as it was taxiing in dense fog in New Delhi, the carrier said. It did not disclose further details on the foreign object or the routes that could be affected

Rajasthan assures quick disposal of crop insurance claims after protests

According to reports, an amount of ₹950 crore remains unpaid by insurance companies in the state under the crop insurance scheme

South Indian Bank posts strong Q3, profit up 9% to ₹374 crore, NPAs fall

Private sector lender South India Bank on Thursday reported a 9.3 per cent rise in net profit to Rs 374 crore for the third quarter ended December 2025. The Kerala-based lender had earned a net profit of Rs 342 crore in the same quarter a year ago. Its total income increased to Rs 3,003 crore during the quarter under review from Rs 2,780 crore in the year-ago period, South Indian Bank said in a regulatory filing. Interest income also rose to Rs 2,518 crore from Rs 2,379 crore in the third quarter of the previous fiscal. The bank's operating profit improved to Rs 584 crore from Rs 529 crore in the December 2024 quarter. On the asset quality front, the bank's gross non-performing assets (NPAs) declined to 2.67 per cent of gross loans by the end of December 2025 from 4.30 per cent a year ago. Similarly, net NPAs or bad loans fell to 0.45 per cent compared to 1.25 per cent in FY25. Its capital adequacy ratio moderated to 17.84 per cent from 18 per cent at the end of the same quarter

Amazon can't evade liability for defective TV, rules consumer commission

A consumer commission has asked Amazon to pay a refund to a TV buyer along with compensation, holding that an e-commerce platform cannot avoid liability for a defective product by claiming to be a "mere intermediary" and not the actual seller. District Consumer Disputes Redressal Commission (suburban Mumbai) on January 6 held Amazon Seller Services Private Limited (ASSPL) guilty of deficiency in service for resolving the issue. The commission, led by president Pradeep Kadu and member Gauri Kapse, ordered ASSPL to refund the customer, stressing that an online marketplace "cannot absolve itself of responsibility merely by describing itself as an intermediary, especially when it actively facilitates the sale, receives commercial benefit, and engages directly with consumers post-sale". "A consumer purchasing goods online does not have direct access to the manufacturer or service centre. The only visible and accessible entity is the online platform. The consumer relies not only on the

No Infosys employee apprehended by US authorities: CEO Salil Parekh

Infosys CEO and Managing Director Salil Parekh on Wednesday clarified that no employee of the IT major has been apprehended by US authorities, dismissing viral social media reports about a purported deportation of a staffer. During the company's Q3 earnings call, Parekh, responding to a specific question, said the rumours that had been circulating online over the past few days. "No Infosys employee has been apprehended by any US authority. A few months ago, one of our employees was denied entry into the US and was sent back to India," Parekh said. The clarification comes in the wake of a post on social media platform X by a user named Chetan Anantharamu, which went viral earlier this week. The post narrated what Anantharamu described as a "wild wild story" involving an Infosys employee from Mysuru who was allegedly on-site for a project in the United States. According to the post, the employee was purportedly "picked up by ICE (Immigration and Customs Enforcement) agents and given

Bank credit to grow 13% in FY27 despite high LDR constraints: Ind-Ra

India Ratings expects bank credit to grow 13 per cent in FY27, supported by GST rationalisation, lower inflation and improved consumption, though high loan-deposit ratios remain a challenge

Delhi HC restores ban on diabetes FDC drugs; proof of harm not needed

The Delhi High Court reinstated the Centre's 2018 ban on certain diabetes fixed-dose combination drugs, ruling that the law allows action based on potential health risks

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