Page 33 - Industry News

Premium products, fast deliveries fuel ecommerce boom during Diwali

Amazon, Flipkart, Instamart, Zepto report sales surge across smartphones, gold coins

Meity for inclusion of rare-earth magnet recycling in PLI scheme

The IT ministry has urged the heavy industries ministry to expand the proposed PLI scheme for rare earth permanent magnets to promote recycling, citing India's growing e-waste challenge

We need to start proper landfill management, says Guillaume Dourdin

Guillaume Dourdin, CEO of Veolia India, says the country's growing waste and water challenges offer vast potential for sustainable business growth and innovation

Temporary lull in business not cessation, deductions allowed: Supreme Court

Apex court says firms remain 'in business' for tax purposes even during temporary inactivity if efforts to continue operations are evident

India's nuclear power push to 100 GW by 2047 hinges on reforms, funding

A government panel says India needs Rs 19 trillion investment, policy clarity, and private participation to reach its 2047 target of 100 GW nuclear capacity

Industrial, warehousing space leasing hits record high 37 mn sq ft: Report

Leasing of industrial and warehousing spaces across eight major cities rose 28 per cent to a record 37 million sq ft during the January-September period of this year, driven by high demand in Delhi-NCR, according to CBRE. The total leasing across the top 8 Indian cities - Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad - stood at 28.8 million sq ft in the corresponding period of the 2024 calendar year. Real estate consulting firm CBRE, in its latest 'India Market Monitor Q3 2025 Industrial & Logistics' report, highlighted that the Delhi-NCR accounted for the largest share of total leasing activity at 11.7 million sq ft, followed by Bengaluru at 5.7 million sq ft and Hyderabad at 4.6 million sq ft. The three cities accounted for a cumulative share of 59 per cent. Mumbai and Kolkata registered space take-up of 4.2 million sq ft and 3.8 million sq ft, respectively. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa

Realty developers see a cracker of sales in key cities this festival season

Festive cheer sustains housing market momentum amid broader headwinds

Revolut India bets big on prepaid Visa cards, targets $7 bn in transactions

Revolut India is rolling out prepaid cards on the Visa network, and is planning to add 20 million customers in the next five years in the country

Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar

The $3 billion deal marks the largest cross-border investment in an Indian private lender, with plans to double RBL's branch network and boost market share

Rajesh Nambiar remains confident as AI, Trump test India's tech sector

Lunch with BS: Meet Rajesh Nambiar, President, Nasscom

Indian telecom among top 3 globally, govt working to improve: Scindia

Indian telecom services are among the top three globally and efforts are on to further improve them, Union Minister Jyotiraditya Scindia said on Friday. He said that more stringent norms for monitoring quality of service at cell level has been put in place from October 1. "It will not be an exaggeration to say that Indian telecom services are among top 3 nations and our efforts are on to improve them further," the minister said. Telecom regulator Trai has implemented norms that were used to measure quality of services at circle level to cell level. The minister said that telecom operators have submitted first report based on new norms and discussions are on to resolve issues where their quality of service is not as per the benchmark.

FM Sitharaman inaugurates Farmers Training Centre in Karnataka under MPLADS

Union Finance Minister Nirmala Sitharaman on Friday inaugurated a Farmers' Training and Common Facility Centre under the MPLAD scheme here. The centre in Kasapura village aims to train self-help groups (SHGs) and farmers through Farmer Producer Organisations (FPOs) to enhance value addition to their agricultural produce, officials said. The facility has been set up in collaboration with the National Bank for Agriculture and Rural Development (NABARD), they added. Launched in 1993, the Members of Parliament Local Area Development Scheme allows MPs to propose development projects in their constituencies for community assets such as roads, drinking water, and sanitation. Fully funded by the government, these projects aim to address local needs through durable infrastructure implemented by district authorities. "Together, these efforts will enable both groundnut and tamarind value chains to thrive, while also strengthening Farmer-Producer Organisations (FPOs) with marketing support. A

Diwali travel demand sets the tone for year-end holiday rush, high fares

Domestic and overseas travel surge 20-30% as Indians book flights and hotels early, with Goa, Varanasi, and Thailand topping demand charts

M3M to invest ₹2,100 cr in Jacob & Co's branded housing debut in India

M3M Group partners with luxury watchmaker Jacob & Co to build India's first branded residences in Noida, with an investment of Rs 2,100 crore and prices up to Rs 25 crore

Blue Energy Motors launches battery-swap e-truck, plans ₹3,500 cr plant

Blue Energy Motors unveils India's first heavy-duty electric truck with two-minute battery-swapping tech and signs MoU for a Rs 3,500-cr EV plant in Maharashtra

Real estate developer Kalpataru's Q2FY26 pre-sales grow 19% to ₹1,329 cr

For the first half of the financial year 2025-26 (H1FY26), the company recorded a 43 per cent Y-o-Y increase in its pre-sales. The pre-sales stood at ₹2,577 crore compared with ₹1,799 crore in H1FY25

Snabbit shifts corporate headquarters to Bengaluru, expands leadership

The company has plans to double its workforce by 2025-26

Vedanta-Balco smelter hits new milestone in aluminium production

The Chhattisgarh government approved the project in August and earmarked a huge land in the district

Epsilon to set up 30K tonne per annum graphite anode plant in 1st phase

The move will help in tiding over the new stringent restrictions imposed by China on transfer of technology and processes of making battery materials

Prosus raises Ixigo stake to 15.16% as Peak XV, Elevation trim holdings

Peak XV Partners and Elevation Capital reduced their stakes in Ixigo parent Le Travenues Technology through off-market transactions as Prosus increased its holding to 15.16%