Industry News

CCI conducts surprise raids on liquor giants Pernod, AB InBev in Hyderabad

Liquor companies and retailers in Telangana have been accused of entering into cartel-like agreements to manipulate prices and market shares

Mumbai-Delhi world's eighth busiest domestic route in 2024, says report

The route between Hokkaido's Chitose Airport to Tokyo's Haneda airport is the second largest domestic route globally, with 11.9 million seats which is a similar level to last year

Sales dip at 60% of Mumbai's offline groceries as q-commerce grows: Study

More than 80% of such traditional businesses blame dark stores of quick commerce companies: JP Morgan survey

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

India prepares for possible trade talks with US after Trump takes office

While aiming to protect its manufacturers from potential US tariff hikes on its exports, India is exploring ways to strengthen ties with Washington

H-1B ecosystem mainly benefits US firms more than Indian ones: Nasscom Prez

While India has always been recognized for its talent, we must now deepen our technology skillsets to drive growth

NITI Aayog pushes for funding to build quarters for workers near factories

The programme is likely to be undertaken by providing VGF to private developers to keep dormitory rentals in check and reduce commuting costs and safety concerns for workers in industrial hubs

Airlines seek more time for implementation of revised flight duty norms

Pilots' associations are of the view that the CAR under which norms have been revised is independent of the Fatigue Risk Management System

Renewable energy financing soars 63% in 2023, solar leads the charge

Solar power projects dominated the renewable energy deals in 2023, accounting for 49 per cent of the total, followed by hybrid projects at 46 per cent and wind energy at 6 per cent

Multiples PE buys minority stake for $35 mn in logistics firm INSTANT-XP

NSTANT-XP, founded by brothers Rajbir Singh and Jasveer Singh, leverages proprietary technology to streamline services for customers, consignors, truckers, and drivers

Commerce ministry may face possible repeat of 2011 trade data error

In 2011, there was over-reporting of export data on account of miss-classifications and double counting due to problems in the computer software, which was getting upgraded

Coal-based power generation up 3.87% in Apr-Oct, coal imports drop 3%: Govt

Coal imports during April-October period of the current fiscal year dropped 3.1 per cent to 149.39 million tonnes (MT) over 154.17 MT in the corresponding period of the last financial year

Road InvIT AUM to rise 68% to Rs 3.2 trillion by Mar 2026: CRISIL Ratings

Infrastructure Investment Trust (InvIT) is an instrument on the pattern of mutual funds, designed to pool money from investors and invest in assets that will provide cash flows over a period of time

Private investment in Indian real estate up 32% to $4.15 bn: Knight Frank

Real estate consultant Knight Frank India on Thursday released a report 'Trends in Private Equity Investment in India 2024'

Auto OEMs likely to invest $323 billion by 2070 on EVs: CSI report

The report further projected that EVs could add $9.6 trillion in OEM revenues by 2070, with cars being the major contributor from 2030 onwards

Revised flight duty norms to apply from Jun 2025: IndiGo, AI tell DGCA

The Directorate General of Civil Aviation's revised Civil Aviation Requirement (CAR) relates to flight duty time limitation seeks to provide more rest time for pilots

With Pali facility boost, DP World eyes logistics biz growth in India

Co has invested Rs 1800 crore in its railway and inland business

Indian startups to boost hiring by 20-30% in 2025 as funding improves

Indian startups are set to ramp up hiring by 20-30 per cent in 2025 as funding improves, reversing a prolonged slowdown. Layoffs dropped 46 per cent YoY in 2024, signalling sector recovery

Silver lining: How senior living market is redefining retirement in India

The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind

IMFA partners with JSW Green Energy for renewable power in smelting ops

The company also mentioned that it is setting up a 1 lakh tonne per annum greenfield facility at Kalinganagar, Odisha, to augment its ferrochrome production in line with increasing demand.