Industry News

IT firms paid record ₹1.3 trn to shareholders in FY26 despite AI headwinds

India's top IT firms returned a record ₹1.3 trillion to shareholders in FY26 even as AI disruption slowed profit growth and pressured valuations

CJI forms advisory panel in ₹50,000 crore push for court infrastructure

Judicial Infrastructure Advisory Committee to prepare roadmap on court facilities, digital systems and tribunal infrastructure amid mounting pendency and staffing gaps

Hospitality chains upbeat about PM Modi's call for domestic travel

Hotel chains and industry bodies expect stronger domestic tourism demand after PM Modi urged citizens to avoid non-essential foreign travel

Industry must rethink talent pitch if it can't attract youth: MCA Secy

MCA Secretary Deepti Gaur Mukerjee said companies must reflect on the quality of internships and workplace appeal under the Prime Minister Internship Scheme

Govt links state fiscal incentives with RE adoption to address PPA issue

Union Minister Pralhad Joshi said renewable energy adoption criteria will be linked to fiscal incentives and interest-free loans for states

Delhi HC seeks Centre, Prasar Bharati reply on FIFA 2026 telecast

Court seeks responses on plea seeking telecast of FIFA World Cup 2026 in India, including free-to-air broadcast of key matches through Doordarshan

Why IT services firms are loosening their purse strings amid AI shift

As the model shifts to AI-led transformation, the $300 bn sector will see more M&As, consolidation & layoffs

India plans 500 delegations, outreach to industry to boost FTA utilisation

Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.

CII elects Tata Chemicals chief R Mukundan as president for 2026-27

Tata Chemicals MD and CEO R Mukundan succeeds Rajiv Memani as CII president, while Suchitra Ella and Shashwat Goenka join as office bearers

What is driving the volatility in India's spot power prices?

Rising renewable energy generation, erratic weather patterns and supply-demand mismatches are triggering sharp swings in India's spot electricity prices across market segments

MMRDA allots two BKC plots to NSE for ₹1,684 crore lease premium

The National Stock Exchange has secured two amalgamated plots in Mumbai's Bandra-Kurla Complex on an 80-year lease for expansion

Manipal Health Enterprises acquires Mumbai land, hospital for ₹495 crore

Temasek-backed Manipal Health Enterprises has completed the acquisition of hospital property and development rights in Mumbai's Andheri ahead of its proposed IPO

Odisha plans state-wide survey, digital archive of heritage assets

The state will create a digital repository of monuments and cultural traditions through GIS mapping, 3D scanning and documentation of living heritage practices

GI Council's common empanelment aims to cover 5,000 hospitals by FY27

The GI Council's common empanelment platform has covered around 2,000 hospitals and aims to expand the network significantly over the next year

Skill ministry working on unified database of skilling centres: MSDE Secy

MSDE Secretary Debashree Mukherjee said the ministry is building a common database of skilling centres to improve coordination and benchmark quality standards

India-Oman FTA likely to come into force from June 1, says Piyush Goyal

The free trade agreement (FTA) between India and Oman is expected to come into force from June 1, Commerce and Industry Minister Piyush Goyal said on Tuesday.

AI ads face ASCI test as draft rules target deepfakes, misleading claims

The guidelines also state that AI-driven paid or sponsored product suggestions would need to be specifically labelled as "sponsored by". ASCI has sought feedback by June 13

India must replicate Apple story many times over: NITI Aayog's Rajiv Gauba

At the CII Annual Business Summit 2026, Rajiv Gauba said India must move from "prohibited unless permitted" to "permitted unless prohibited" to deepen reforms

Large companies must ensure timely working capital release of MSMEs: CEA

V Anantha Nageswaran said large companies should accept invoices presented by micro, small and medium enterprises and make payments on time

Eli Lilly halts India obesity awareness campaign after regulatory scrutiny

In a 16-page letter dated April 10 and sent to the Drugs Controller General of India, Lilly said it had halted the campaign 'out of an abundance of regulatory caution' following a March advisory