Page 31 - Industry News

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%

Govt finalising RFP for ₹7,280 crore rare earth magnet scheme: Kumaraswamy

The government is in the process of finalising the Request for Proposal (RFP) for the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets, Union Minister H D Kumaraswamy said on Monday, urging domestic and international players to participate in the bidding process. The Minister for Heavy Industries & Steel chaired a stakeholder consultation meeting on the scheme with various industrial stakeholders from India and abroad. Kumaraswamy emphasised that the Scheme represents a pivotal step towards establishing a self-reliant, resilient, and globally competitive ecosystem for Rare Earth Permanent Magnets, aligning with the vision of Viksit Bharat by 2047. "He urged all eligible domestic and international players to seize this opportunity and contribute to India's long-term growth story by participating in the bidding process. The minister also informed that the Ministry is in the process of finalising the Request for Proposal (RFP)," the Heavy Industries Ministry ..

Reliance says battery manufacturing plans on track, 2026 target unchanged

Reliance Industries on Monday said its plans for battery storage manufacturing remain unchanged and are progressing in line with target timelines. Commenting on reports of the conglomerate pausing plans to make lithium-ion battery cells in India after failing to secure Chinese technology, a company spokesperson said, "We would like to categorically affirm that there has been no change in our plans for creating a world leading battery storage manufacturing ecosystem from cell to containerised ESS, and they are progressing well in line with our target timelines". Reliance had previously indicated 2026 as the target to begin manufacturing battery cells. Its chairman and managing director Mukesh Ambani had in August last year told shareholders that Reliance's battery giga factory will start in 2026, and that it will begin with 40 GWh per year capacity and expand modularly to 100 GWh per year. The spokesperson said updates on new energy business, including battery plans, had been regula

Domestic CE sales decline 9% in FY26 despite strong export growth

Sales of construction equipment in the domestic market fell 9 per cent to 81,566 units in the first nine months of this fiscal year due to slower infrastructure activity and project execution challenges, according to industry body ICEMA. Sales stood at 89,244 units in the corresponding period of the preceding year. In a statement on Monday, the Indian Construction Equipment Manufacturers' Association (ICEMA) said the exports of construction equipment rose to 12,469 units from 9,733 units during the period under review. Overall, the total sales (including domestic and exports market) declined 5 per cent to 94035 units during April-December period of this fiscal year from 98,737 units in the year-ago period. While domestic sales reduced almost 9 per cent, exports grew 28 per cent, cushioning the overall industry decline to 5 per cent in the first nine months of FY26, indicating robust overseas demand and market diversification, ICEMA said. Deepak Shetty, President, ICEMA and CEO &

Union fisheries minister arrives in Israel for global blue food summit

Fisheries Minister Rajiv Ranjan Singh arrived here on Monday to participate in the global summit on blue food security, which will focus on enhancing food production in extreme climates through breakthrough technologies. Singh, the minister of fisheries, animal husbandry and dairying, is attending the three-day event at the invitation of Israel's Minister of Agriculture and Food Security Avi Dichter. The Second Global Summit on Blue Food Security: Sea the Future' event is taking place in the southern coastal city of Eilat from January 13 to 15. Blue foods are derived from aquatic animals, plants, or algae that are caught or cultivated in freshwater and marine environments. According to official sources, Singh's participation in the global event underscores the growing strategic and economic engagement between India and Israel. It also reflects the shared commitment of both countries to deepen bilateral cooperation in the field of fisheries and aquaculture, they said. The minister