Page 36 - Industry News

Low base, safeguard duty to prop steel output this financial year

Exports are also expected to grow 28-30 per cent this fiscal due to better realisation opportunities in key markets, particularly the European Union

Quick gateway: Hotels see rise in last-minute bookings ahead of New Year

Hotels near metros are seeing a sharp late surge in New Year's Eve bookings and higher rates, while restaurants and delivery firms face disruptions amid a gig workers' strike

Luxury automakers Mercedes-Benz, BMW eye Indian real estate sector

According to multiple sources close to the development, Mercedes-Benz is already in talks with multiple developers in Gurugram for a luxury branded residence project

Rosatom supplies nuclear fuel for initial loading of Kudankulam Unit-3 core

Rosatom said its Nuclear Fuel Division supplied fuel for initial loading of the VVER-1000 core at Kudankulam NPP Unit-3 in Tamil Nadu under a lifetime supply contract

Delivery firms brace for gig workers' logout strike on December 31

Delivery and quick commerce platforms are tightening operations and safety measures ahead of December 31 as gig worker unions plan a nationwide log-out strike over pay, conditions and social security

MahaRERA recovers nearly ₹269 crore for homebuyers since 2017 inception

MahaRERA has recovered ₹268.87 crore as homebuyer compensation since May 2017, with Mumbai Suburban leading collections, while cases worth about ₹103 crore remain stalled at NCLT

Mid-segment set to anchor housing market in 2026 as premium cycle peaks

As premium and luxury housing shows signs of saturation, improving affordability and end-user demand are expected to push mid-segment homes to the forefront of residential growth in 2026

Fixing the fine print: What the IBC amendment is really trying to change

Focused on enforcement over fresh ideas, the IBC amendment Bill seeks to cut delays, curb conflicts of interest and bring greater certainty to insolvency resolutions

Parliamentary panel urges inter-ministry coordination on critical minerals

A parliamentary panel has stressed the need for seamless coordination among ministries to bolster the country's self-reliance in critical minerals like lithium, graphite, cobalt, and rare earth that are vital for a technology-driven future global economy. In its report, the Committee noted that the "Atmanirbhar Bharat" initiative, with its strong emphasis on self-reliance, holds immense potential to secure a sustainable supply chain of these minerals and enhance the country's industrial competitiveness. However, it cautioned that without effective coordination, these efforts may fall short. "The Committee...suggest that alongside the Ministry of Mines, which is leading these efforts, all ministries concerned, State governments and agencies should work in close alignment to ensure that the country remains competitive in the critical mineral sector," the Standing Committee on Coal, Mines and Steel has said in a report. The committee recommended that the mines ministry, which is ...

Production sprint: IIP growth hits two-year high of 6.7% in November

The Index of Industrial Production (IIP) quick estimates for November signalled a 4.5 per cent uptick from levels seen in October

After muted start, GST cuts boost consumer durables demand in 2025

Cooling appliance makers had started the year with high hopes, but an early arrival of monsoon splashed away their enthusiasm

How energy flowed between hiccups and hope as solar stayed bright in 2025

Solar was a bright spot in a year marked by domestic challenges, like oil imports, and global concerns, such as climate change

Bank NPAs at multi-decade lows as gross NPA ratio falls to 2.1%: RBI data

RBI's Trends and Progress report shows banks' asset quality improved, with gross NPAs down to 2.1% by September 2025 and net NPAs at 0.5%, aided by recoveries and provisioning

$6 bn-plus foreign inflows make 2025 a watershed year for India's pvt banks

Cleaner balance sheets, regulatory support and strong growth prospects helped Indian private banks attract over $6 billion in foreign capital, with more deals expected in 2026

India's demand story is more broader than the old consumption binaries

India's consumption story spans mass and class markets alike, with demand spread across regions and incomes, calling for better tracking of household cash flows rather than outdated binaries

EV resale: Automakers launch buybacks, battery health checks to win buyers

Car OEMs are going beyond the initial purchase, institutionalising battery health checks and resale benchmarks to ease depreciation and battery-life concerns for EV buyers

Dense fog grounds 200 flights for second straight day in northern India

IndiGo, India's largest carrier, stated on its website that 113 flights were cancelled on Tuesday due to adverse weather conditions in and around the national capital region

Domestic airlines may log ₹17,000-18,000 crore net loss in FY26: ICRA

The domestic aviation industry is estimated to post around Rs 17,000-18,000 crore net loss in the current fiscal year on account of a likely lower passenger traffic, among other factors, ratings agency ICRA said on Monday. Earlier, the industry was projected to post a loss of Rs 9,500-10,500 crore during 2025-26. ICRA has also revised downward its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 on account of multiple factors, including Air India Boeing 787-8 plane crash in June this year and thousands of flights cancellations by IndiGo earlier this month, among others. ICRA has revised its forecast for domestic air passenger traffic growth to 0-3 per cent in FY26 against its earlier projection of 4-6 per cent, the ratings agency said. This revision reflects a slower-than-expected traffic growth in April-November period of FY26, which was impacted by cross-border escalations that led to flight disruptions and cancellations during the year, along with the (

After slow start, auto sales set to end 2025 on a high as demand revives

India's automobile industry is set to post its highest-ever retail sales in 2025, supported by GST rationalisation, income tax relief, RBI rate cuts and improving rural demand after a good monsoon

1 in 5 domestic-only airports handle just two flights a day, AAI data shows

As many as 29 such airports either saw no domestic flight movements at all during the eight-month period or managed no more than 480 flights, an average of just two movements a day