Page 51 - Industry News

Jubilant FoodWorks' dough keeps rising while rivals go half-baked

Driven by Domino's Pizza, standalone revenue rose 18 per cent year-on-year (Y-o-Y). Orders grew 17.3 per cent, with like-for-like sales up 11.6 per cent

GTRI says some cos misuse duty-free import scheme, calls 'licence to loot'

The duty free import authorization (DFIA) scheme, aimed at cutting input costs for exporters, is being misused by some companies, and it has turned into a "licence to loot" owing to a mix of vague policy definitions, lax enforcement, and judicial interpretations, economic think tank GTRI said on Sunday. The Global Trade Research Initiative (GTRI) said that the government should immediately intervene because if unchecked, DFIA misuse will destroy faith in India's export incentive regime and drive honest exporters out of business. A forensic audit of licences issued in the past five years is urgently needed, alongside recovery of duties from fraudulent imports, it said. When asked about the issue, the commerce ministry said that in the Directorate General of Foreign Trade (DGFT), there is a permanent mechanism of norms committees across sectors for looking into complaints of misuse of SION (standard input output norms) and misdeclaration of inputs used. "It is also being proposed tha

Indian Reits distribute Rs 1,559 cr in Q1 FY26, post 13% Y-o-Y growth

Brookfield, Embassy, Mindspace and Nexus Reits paid over 270,000 unitholders in Q1 FY26, with cumulative payouts crossing Rs 24,300 crore since inception

Kalpataru posts Rs 49 crore loss in Q1 FY26 despite strong pre-sales

The realty firm saw an 83% rise in pre-sales and 101% surge in sale realisation, but revenue declined due to project completion-based accounting

IBBI proposes assignment cap for insolvency professionals to cut delays

The IBBI has proposed imposing a cap on the number of assignments that insolvency professionals (IPs) can handle across key roles, in a bid to improve efficiency and ensure equitable distribution of work. Currently, IPs are restricted to a maximum of 10 assignments as resolution professionals (RPs) in corporate insolvency resolution processes (CIRPs), of which not more than three can involve admitted claims exceeding Rs 1,000 crore each. The proposed changes will broaden this ceiling to cover IRP and liquidator roles as well, recognising the comparable complexity and time demands of these assignments, the IBBI said in a discussion paper on Tuesday. The move comes amid concerns that a small group of IPs is handling a disproportionately large number of assignments in some instances up to 25 cases while newly registered professionals face entry barriers due to uneven distribution of work. As of March 31, 2025, out of 4,527 registered IPs, 2,198 held valid authorisations for assignment

IBC Bill proposed wider look-back period for preferential transactions

Amendments target asset exclusion tactics, enable partial resolutions, and streamline insolvency process

IBC Amendment Bill: Govt proposes group, cross-border insolvency

Among significant clarifications made in the Bill, it states that claims by state or central authorities will only be treated as secured if there is a contractual agreement to that effect

Parliamentary panel backs ex-ante regulation for Digital Competition Bill

But parliamentary committee calls for nuanced approach

Tata group's Nelco, Eutelsat tie up for OneWeb LEO satellite connectivity

According to the agreement, Nelco will partner OneWeb India Communications to provide secure, low-latency LEO connectivity to customers in the country

Lodha Developers to raise ₹5,000 crore through NCDs for expansion

Lodha Developers' board approves raising Rs 5,000 crore via NCDs to diversify debt, reduce funding costs and support expansion across Mumbai, Pune and Bengaluru

Warburg Pincus fully exits Home First Finance in ₹1,307 cr block deal

Warburg Pincus sells entire 10.3% stake in Home First Finance for Rs 1,307 crore via block deal to Kotak MF, Fidelity, and Tata AIG, sending shares up 6.4%

Centre wants states to support exporters hit by Donald Trump tariff

Exporters have warned that the US tariff hike poses a setback, affecting nearly 55 per cent of India's shipments to the American market

One board seat can't alter company's course: Sona MD Vivek Vikram Singh

Sona BLW MD Vivek Vikram Singh dismisses concerns over a new director's appointment, stating it does not affect the company's functioning or growth

Industrial electronics vital to India's $500 bn manufacturing goal: ICEA

India Cellular and Electronics Association (ICEA) on Monday underlined the need for focusing on industrial and infrastructure electronics to achieve the USD 500 billion electronics manufacturing target by 2030-31. The future of India's electronics industry lies not only in the manufacturing of products, but equally in the manufacturing of goods that will automate factories, cities, and transportation networks, the industry body said in a release. Accordingly, ICEA said industrial electronics must be front and centre of India's electronics growth strategy. ICEA, in the release, called for "the urgent need to prioritise industrial and infrastructure electronics as a central pillar of India's USD 500 billion electronics manufacturing target by 2030-31". Pankaj Mohindroo, Chairman of ICEA, stressed that the industrial electronics segment must be recognised as a national strategic priority. "It is the brain and nervous system of every advanced manufacturing setup. Without leadership in

Indian semiconductor market may grow over two-fold to ₹9.6 trillion by 2030

India's semiconductor market is expected to more than double to grow in the range of USD 100-110 billion by 2030 according to industry estimates, an official statement said on Sunday. The Indian semiconductor market was about USD 45-50 billion in 2024-2025 against USD 38 billion in 2023, the statement said, citing industry estimates. "As per industry estimates, the size of the Indian semiconductor market was about USD 38 billion in 2023, USD 45-50 billion in 2024-2025 and is expected to reach USD 100-110 billion by 2030," the statement said. A detailed statement highlighting the need for semiconductors, efforts of the government and response from the industry cited the crisis faced by various technology segments especially by the automobile industry due to dependency on select geographies during the Covid pandemic and stressed on the need for developing India as trusted partner in the global supply chain. "Currently, countries like Taiwan, South Korea, Japan, China and US dominate

Tamil Nadu unveils TN Rising conclaves, first edition in Thoothukudi

Tamil Nadu launches TN Rising to promote regional industrial growth, starting in Thoothukudi, with a focus on green energy, EVs, MSMEs, and infrastructure-led development

HUL Q1 profit rises 5.6% to ₹2,756 cr, beats estimates on volume growth

HUL Q1 profit rises 5.6% to ₹2,756 cr, beats estimates on volume growth

Sunteck Realty to develop Mira Road land parcel with ₹1,200 crore GDV

Sunteck Realty will develop a 3.5-acre land parcel in Mira Road with a GDV of Rs 1,200 crore, expanding its footprint in the fast-growing Mumbai micro-market

Govt considers market study to frame Big Tech competition regulations

The government may undertake a market study to establish a solid foundation for ex-ante regulations under draft Digital Competition Bill, said Harsh Malhotra, Minister of State for Corporate Affairs

Global conflicts, US tariffs may affect revenue: Tata Communications CEO

Says spending slowdown may hit plan to have $1 bn revenue from US