Page 8 - Industry News

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

MIAL's freight curbs may hit India's exports; cargo body warns disruptions

Air cargo agents say a proposed 10-month halt of freighter flights at Mumbai airport from August 2026 could disrupt export capacity, raise freight rates and hurt hub credibility

Infrastructure capex growth normalising, private investment edging up

Between FY26 and FY30, infrastructure capex is expected to rise to ₹90-100 trillion, up 60 per cent from ₹59 trillion over FY21 and FY25

THINK Gas to cut CNG, PNG prices under PNGRB's revised unified tariff

Leading gas distribution company, THINK Gas formed through the merger of largest private energy player AG&P Pratham and Think Gas has welcomed the Petroleum and Natural Gas Regulatory Board's revised Unified Tariff framework, terming it as a timely and consumer-centric reform. As per the revised tariff framework, THINK Gas customers in Madhya Pradesh, Punjab, Himachal Pradesh, Uttar Pradesh, Bihar and Karnataka are expected to benefit from CNG (Compressed Natural Gas) price reductions of up to Rs 2.50 per kg and domestic PNG (Piped Natural Gas) reductions of up to Rs 5 per standard cubic meter (SCM). In a statement on Saturday, THINK Gas said it would voluntarily reduce Domestic PNG prices by up to Rs 4 per standard cubic metre (SCM) for customers in Andhra Pradesh and Tamil Nadu and up to Rs 2.77 per SCM in Rajasthan, even though these states are not yet connected to the National Gas Grid. To come into effect from January 1, 2026, the new framework by the Petroleum and Natural ...

Top 10 coworking firms control nearly two-thirds of flex office stock

India's top seven cities have nearly 1,400 coworking centres, with 10 big operators holding two-thirds of the total 82 million square feet of flexible managed workspaces, according to Vestian. Real estate consultant Vestian's latest report also highlighted that more than 475 coworking centres currently host Global Capability Centres (GCCs) bases. "As India's GCC landscape continues to evolve, flexible space operators will remain indispensable partners, offering flexibility, faster speed to market, and enterprise-grade infrastructure that global companies require, to scale efficiently in a highly competitive market," said Shrinivas Rao, CEO of Vestian. The consultant noted that the total stock of flexible workspaces has expanded to 82.3 million sq ft spread across nearly 1,400 centres in the top seven cities. "However, the market continues to remain consolidated, with the top 10 operators controlling 67 per cent of the total stock," it added. Bengaluru leads with 33.2 per cent shar

Listed firms' rent, lease costs fall since pandemic as biz grows faster

Business growth has been faster than these expenses

Active small business loans rise; total credit exposure hits ₹46 trillion

Aggregate small business credit exposure has reached Rs 46 lakh crore, an increase of 16 per cent as of September 30, a report said. "Active loan accounts have grown by 11.8 per cent to 7.3 crore. Policy support and multiple government credit schemes for MSMEs have helped sustain this momentum," CRIF High Mark-SIDBI Report said. Portfolio quality has improved across segments, it said, adding that loans overdue by 91 to 180 days declined to around 1.4 per cent as of September 2025, from 1.7 per cent in September 2023, it said. Enterprises continue to show lower risk profiles. Sole proprietors have also seen steady improvement and the share of very low and low-risk borrowers increased between September 2023 and September 2025, supported by better underwriting practices and wider use of digital data. "Sole proprietors continue to dominate the credit ecosystem. They account for around 80 per cent of total credit and nearly 90 per cent of borrowers. The fastest-growing segment is sole .

Retailers ramp up women hiring as sector reshapes frontline teams

The gender gap is widest in FMCG feet-on-street sales, where demanding travel, tough targets, low pay and poor facilities keep women below 5 per cent

New ship recycling rules kick in as India aligns with Hong Kong Convention

According to sector watchers, ship recycling and dismantling is getting increasingly concentrated in South Asia, with countries such as India and Bangladesh taking the lead

Centrally funded infra projects see 21% cost jump in Oct as overruns mount

Among large infrastructure ministries (as per project count), the Ministry of Railways recorded a 17.8 per cent increase over original costs

China starts issuing licenses to import rare earth magnets into India

China has begun clearing export licences for rare earth magnets to India, easing supply disruptions for automakers and EV makers after months of delays caused by trade curbs

Public-sector banks okay ₹28k cr in MSME loans via new digital model

The overall rejection rate across banks stood at about 20 per cent, with variation across institutions depending on credit profiles and digital data availability

India on track to be among largest regional networks: WTCA's Wang

India is set to emerge as one of WTCA's largest regional networks, with World Trade Centers expanding to around 50 cities as demand for premium offices, logistics and new-age sectors rises

Chhattisgarh to develop Bhoramdeo on lines of Kashi Vishwanath Corridor

Nestled in the mountain ranges of Kabirdham district, Bhoramdeo has an ancient temple dedicated to Lord Shiva, about 125 km from Chhattisgarh capital Raipur

Industrial-logistics space demand hits record 76.5 mn sq ft this year

Demand for industrial and logistics spaces hit an all-time high this year, with leasing volumes rising nearly 19 per cent to 76.5 million square feet across 24 major cities in India, according to Savills. Real estate consultant Savills India data showed that the manufacturing sector took on lease 29 per cent of spaces, followed by third-party logistics firms (28 per cent) and e-commerce players (12 per cent). "India's Industrial and Logistics sector continued its strong post-pandemic growth trajectory in 2025, recording its highest-ever annual absorption of 76.5 million sq ft," Savills India said. In the 2024 calendar year, leasing of industrial and logistics spaces stood at 64.5 million square feet. Out of the total leasing this year, the consultant said that eight tier-I cities -- Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune -- saw 20 per cent growth in leasing to 59.5 million square feet this year from 49.7 million square feet in 2024. Delhi-N

Centre proposes allowing captive miners to sell surplus mineral output

Draft mineral concession rules propose letting captive mine owners sell surplus output after meeting end-use needs, alongside steps to ease operations and promote deep-seated exploration

Govt seeks industry partners via EoIs to upgrade ITIs, NSTIs under PM-SETU

MSDE has invited EoIs to onboard anchor industry partners for the Rs 60,000 crore PM-SETU scheme, under which the Centre plans to upgrade 1,000 ITIs and five NSTIs