Page 50 - Industry News

BNP Paribas leases 1.45 lakh sq ft office space in Thane for ₹95 lakh

BNP Paribas has leased 1.45 lakh sq ft at Hiranandani Centaurus in Thane West for Rs 94.95 lakh monthly rent as BFSI sector demand drives office leasing growth in India

Govt may rebid 40 GW renewable projects stuck due to lack of purchase deals

The government is expected to go for rebidding of around 40 GW of renewable energy projects that have been stalled in the absence of power purchase agreements (PPAs), official sources said on Wednesday. These 40 gigawatt (GW) includes both solar and wind capacity projects, one of the sources said. "Marketing efforts are on. If it does not get any success then "we will see at some point we will close it", sources told PTI. At present the winners of these tenders are engaged with distribution companies (discoms) because they are the potential buyers, they said, adding that no one is going to face any loss as no investment has happened yet in these projects. It is only the price discovery which has happened. Tariff rate of solar projects ranges from Rs 2.38 to Rs 2.56 per unit, while for that of vanilla wind between Rs 3.70 per unit and Rs 3.90 per unit, they said. Meanwhile, industry body FICCI said in a statement that the CERC (Central Electricity Regulatory Commission) will releas

Bank OTS scheme not a borrower's right without upfront payment: SC

Apex court rules SBI justified in rejecting OTS plea for non-compliance with 5% deposit condition

DoT pushes deadline for mandatory testing of broadband gears until Dec 31

Industry body has alleged that the mandatory testing has been deferred again amid reluctance by foreign vendors to go for security testing but NCCS has denied the charges

Polycab India flips a switch, powers ahead of Havells in decade-long race

Becomes leader in consumer electrical goods space, riding C&W growth and margin gains

India ready with incentives to build semiconductor chip ecosystem, says Rai

Invest India is collaborating MeitY, ISM to bring global semiconductor firms to create a full-fledged chip manufacturing ecosystem

CII seeks tax holiday, rule harmonisation to boost India's GCC sector

CII suggests tax holidays, concessional rates, GST clarity and harmonised permanent establishment rules for GCCs, projecting $600 bn GDP impact and 25 mn jobs by 2030

Swiss timepiece brands on the clock to meet India's luxury appetite

With rising wealth and young buyers, India emerges as a top growth market for Swiss luxury watch brands

Govt hikes apprenticeship stipends to Rs 6,800-12,300 under new rules

Govt notifies stipend hike for apprentices, expands industry coverage under NIC 2008, promotes degree and virtual apprenticeships, and enhances inclusivity

India must develop rare earth magnet ecosystem urgently: SIAM president

India must act decisively to fully leverage the vast opportunities that exist in India for developing the entire rare earth magnet ecosystem, SIAM President Shailesh Chandra said on Thursday. The government is considering incentives for the production of rare earth minerals and magnets in response to China's restrictions on its global supply, which have disrupted the supply chain. "Magnets have since snowballed and industry is presently trying to somehow manage its businesses," said Chandra here at the annual convention of the Society of Indian Automobile Manufacturers (SIAM) "... there are discussions underway to look at the possibility of developing the entire Rare Earth Magnet ecosystem in India. Therefore, to fully leverage the vast opportunities that exist in our country, we must act decisively," said Chandra, who is also Managing Director, Tata Motors Passenger Vehicle and Tata Passenger Electric Mobility. Chandra further said the Indian automotive industry today stands at an

EPAM Systems' next act: AI at the core, says new CEO Balazs Fejes

New CEO Balazs Fejes says clients are moving from AI trials to full-scale execution, reshaping demand for engineering and transformation services

Ethical marketing code: Cost of compliance may rise for drug, device firms

UCPMPD 2024 boosts transparency and ethics, but smaller firms may struggle with higher costs and reporting demands

SEMICON India 2025: Industry seeks policy push to build product nation

Industry leaders say incentives, procurement, and talent ecosystem are key to driving India's semiconductor and product ambitions.

India's tablet market dips 32.3% in first half of 2025, Samsung tops chart

India's tablet PC market declined by 32.3 per cent to 2.15 million units in the first half of 2025 due to reduction in government funded manifesto programme, market research firm IDC said in a report on Thursday. Despite a dip in shipments, Samsung led the market with 41.3 per cent share, followed by Lenovo with 12.3 per cent and Apple with 11.8 per cent market share, according to International Data Corporation's (IDC) Worldwide Quarterly Personal Computing Device Tracker. "India's tablet market (including both detachable and slate tablets) shipped 2.15 million units in the first half of 2025 (1H25), marking a 32.2 per cent year-over-year (YoY) decline. The market experienced a deeper contraction in 2Q25, with shipments down 42.1 per cent YoY, following an 18.4 per cent YoY decline in the first quarter of 2025," the report said. The detachable tablet segment grew by 18.9 per cent YoY, the slate tablet category declined sharply by 44.4 per cent YoY, pulling down overall volumes. "Th

Senior living market to reach $8 billion by 2030, ASLI-JLL report shows

Rising elderly population, policy push and investor interest to drive demand

Muted response from large lenders hinders ULI scale up, say bankers

Bankers say Unified Lending Interface growth remains muted as large lenders stick to legacy rails and land record digitisation lags

Govt commits 97% of chip manufacturing fund, scope for new projects

The government has committed around Rs 62,900 crore, or 97 per cent, of the Rs 65,000 crore fund earmarked as incentives for semiconductor production in the country, a top official said on Friday. While briefing on the Semicon India 2025 event, Electronics and IT Secretary S Krishnan said the funds left can accommodate only small projects. He said that under the Rs 76,000 crore India Semiconductor Mission, Rs 65,000 crore was allocated for chip production, Rs 10,000 crore for the modernisation of the Semiconductor Laboratory in Mohali and Rs 1,000 crore for the design-linked incentive scheme. "Out of this Rs 65,000 crore, I think we have committed close to Rs 62,900 crore or so already. We have limited funding, which we have available; we might be able to just accommodate two or three small projects," Krishnan said. Talking about the Semicon India event, he said that the three-day event will be held from September 2-4 at Yashobhoomi in the national capital, which is expected to be

Swraj Paul's later-career expansion: Caparo's N America bet after crises

At 90, Paul backed Bull Moose Tube's 350,000-tonne pipe mill in Texas - evidence of late-career expansion discipline

UltraTech Cement to sell up to 6.5% stake in unit India Cements

The company, which took control of India Cements in July last year, said the sale was to comply with "applicable laws"

B2B fintechs turn to M&As to expand business lines and enter retail market

B2B fintechs are increasingly turning to the consumer side of the payments market, using third-party UPI applications (TPAPs) as entry points