Page 34 - Industry News

Hitachi Energy to invest ₹2,000 cr in Chennai innovation centre expansion

The Switzerland-based firm will invest ₹2,000 crore to expand its Global Technology and Innovation Centre in Chennai, creating 3,000 high-value technology jobs

GCC hiring in India rose 5-7% in July-September quarter: Report

India's Global Capability Centres witnessed a sequential hiring growth of 5-7 per cent during the July-September quarter, with most demand stemming from AI and data, platform engineering, cloud and FinOps and cybersecurity roles, says a report. According to the Quess Corp's India's GCC Tech Talent Landscape: Q2 FY26 report, sectors like BFSI, Manufacturing, Automotive, Energy, Technology and Hardware have become the main pillars of GCC growth. "India's GCC evolution is entering its most strategic phase yet, one defined by precision, not proliferation. The second quarter reflected a measured 5-7 per cent quarter-on-quarter hiring growth, highlighting a shift from scale to capability-led maturity, with AI, FinOps, and platform reliability emerging as core priorities," Quess Corp CEO - IT Staffing Kapil Joshi said. Hiring budgets are now focused around revenue-critical and resilience-focused functions, creating steady demand for platform engineering, data management, and FinOps roles .

India's unemployment rate rises to 5.2% in September, shows govt data

The unemployment rate for those aged 15 and above increased marginally to 5.2 per cent in September, according to a government survey released on Wednesday. The unemployment rate (UR) was 5.1 per cent in August, 5.2 per cent in July and 5.6 per cent in May and June, as per the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MoSPI). The UR was 5.1 per cent in April as per the first PLFS bulletin released in May 2025. "The UR among persons of age 15 years and above increased marginally to 5.2 per cent in September 2025 from 5.1 per cent recorded in August 2025 after declining during the past two successive months," an official statement said. The latest data collected in the current weekly status (CWS) showed that the unemployment rate for persons aged 15 years and above stood at 5.2 per cent in September. The rise in UR in rural areas (from 4.3 per cent in August 2025 to 4.6 per cent in September 2025) and a marginal increase

Finance ministry rules out Customs duty relief for magnet PLI scheme

Finance ministry has ruled out customs duty exemption for REPM-making machinery, saying capital subsidy under the PLI scheme will offset high import costs amid China's export curbs

Office clusters, corporate travel to drive next growth for hotel firms

Ventive, Brigade, Samhi and Chalet Hotels plan bulk of new inventory near metro office hubs as corporate travel and weekday occupancy boost room yields

NDR InvIT acquires warehousing & industrial park in Lucknow for ₹143.9 cr

The Grade-A warehousing asset spans approximately 4.63 lakh square feet of leasable area and is built on about 21 acres of land

Delays, arbitrary charges for RoW nods hindering telecom growth: MoS

Prolonged delays, arbitrary charges, and inconsistent processes of local authorities for right of way permissions required for rolling out telecom infrastructure are holding back the expansion of digital networks, Minister of State for Communications Chandra Sekhar Pemmasani said. The minister, during a meeting with state IT ministers at India Mobile Congress 2025, urged the state governments to take action to operationalize single window systems, enforce time bound approvals, collaborate with local bodies to ensure rational cost based charges and align state IT policies with newer developments. He said that the National Broadband Mission 2.0 has set forth ambitious targets that will transform the nation by 2030 with 100 per cent broadband connectivity across all villages, number, achieving 80 per cent household broadband penetration nationwide, fibre connectivity to 90 per cent of telecom towers to enable high speed internet and establishing a robust ecosystem for 5G densification .

SC dismisses PIL seeking probe into Viceroy's claims against Vedanta Group

The apex court declines to entertain a plea based on Viceroy Research's report, questioning why foreign short-sellers should influence Indian market sentiment

Govt mandates import registration for key renewable energy components

The government on Friday made it mandatory for importers of certain products which are exclusively used for solar energy projects to register on the renewable energy equipment import monitoring system. These products include toughened (tempered) safety glass and photosensitive semiconductor devices, including photovoltaic cells. A similar condition will also apply for imports of certain items having end-use in the area of wind-operated electricity generation. It included towers, bearing housings, gears and gearing. The import policy conditions of these items will come into effect from November 1, the Directorate General of Foreign Trade said in a notification. It said this policy condition will apply to imports through air cargo, sea cargo and land route. In a separate notification, the DGFT said that import of Sulfadiazine API (Active Pharmaceutical Ingredient) having a CIF (cost, insurance, freight) value of less than Rs 1,774 per kg, is restricted till September 30, 2026, with

MSMEs contribute 40% to India's production, exports: Shobha Karandlaje

Union Minister of State for Micro, Small and Medium Enterprises Shobha Karandlaje on Friday said the MSME sector is contributing 40 per cent to the country's total production volume and exports. Speaking after inaugurating the MSME Marketing Summit organised by NSIC (National Small Industries Corporation Ltd) and KASSIA (Karnataka Small Scale Industries Association) here, the minister said that MSMEs have been addressing the needs of all sectors, including agriculture, food, defence, space, and artificial intelligence. "The role of industries in the country's development is significant, especially, MSMEs are making substantial contribution to the nation's growth," she said. In order to strengthen the sector, the government led by Prime Minister Narendra Modi started the Skill Training Division for the first time. It has been undertaking training programmes and schemes for women and youth to match the global skill standards, she was quoted as saying in an official statement. She als

Mahindra Lifespaces to redevelop four Malad societies, eyes ₹800 crore

The project spans 1.65 acres in Malad (West) and marks Mahindra Lifespaces' deeper push into Mumbai's booming redevelopment market

MG Cyberster drives JSW MG Motor India to second spot in luxury EV segment

Strong sales of the MG Cyberster and M9 Presidential Limousine push JSW MG Motor to the No.2 position in India's luxury EV space, with demand soaring across cities

SoftBank-backed Graphcore to invest £1 bn in India, open AI chip hub

The British AI chipmaker will open an engineering centre in Bengaluru and create 500 semiconductor jobs as part of a £1 billion investment plan over the next decade

India's digital stack a ray of hope for Global South: PM Narendra Modi

Modi said that the UK-India Fintech Corridor is expected to create opportunities for piloting and developing new startups

Karisma Kapoor's children seek status quo on late father's will assets

The Delhi High Court will resume hearing on October 13 as Karisma Kapoor's children challenge the authenticity of late Sunjay Kapur's will, alleging forgery

Tata Trusts trustees to meet on Friday amid govt push to resolve rift

The outcome of Friday's meeting will be closely watched, as Tata Trusts - which holds a 66 percent stake in Tata Sons - wields significant influence over the conglomerate's governance and strategy

Upcoming railway line will help Central India's economy: Chhattisgarh CM

Chhattisgarh government officials estimate the railway line will save 46 million litres of diesel annually and reduce logistics cost by around Rs 514 crore

IATO urges government to strengthen global promotion of India tourism

Tour operators seek tourism attaches, global campaigns, and a unified Incredible India strategy to revive foreign tourist arrivals and attract new markets

Best time to invest, innovate and make in India, says PM Modi at IMC 2025

At India Mobile Congress 2025, PM says India's 5G reach and indigenous 4G stack show the country's progress from telecom dependence to technological leadership

Nandan Nilekani says Finternet to go live in 2026 using AI, tokenisation

Infosys co-founder says India's next digital public infrastructure will unify tokenised assets such as land, property, and bonds under a regulatory framework