BUSINESS
No direct boost, Budget turns to structural levers to support consumption
Targeted duty cuts, TCS relief and compliance easing replace direct tax giveaways as government looks to support demand
BUDGET
FM Sitharaman unveils string of measures to support textiles, khadi, handlooms
The Budget has also proposee 'mega textile parks' with a thrust on value addition and technical textiles, while simultaneously strengthening khadi, handloom and handicrafts through investments in training, skilling and quality upgradation
BUSINESS
Budget 2026: FMCG seeks measures to enable a sustained demand environment
From a household consumption perspective, FMCG volume growth of around 5 percent appears achievable within the first few months of the next year, according to Worldpanel by Numerator.
BUSINESS
Colgate leans on premium launches as low-income urban demand stays soft in India
In the December quarter, Colgate posted an 1.66 per cent rise in sales at Rs Rs 1,486.13 crore, while net profit was flat at Rs 323.86 crore.
BUSINESS
Solar firms fret to replace, cut silver use amid soaring prices
An average solar panel of approximately 2 square metres can use up to 20 grams of silver and utilise 3.2- 8 grams per square metre.
BUSINESS
Will buy crude that is commercially good for us, says IOC Chairman
The company has further identified land parcels for its nuclear energy projects and is under discussions with various states for the same.
BUSINESS
BPCL eyes to pick 20-25% stake in hydropower projects in renewable push
The company is targeting to expand to 10 GW by 2035 and the refiner expects 10% of total electricity consumption at operating locations through renewable sources by FY 2026-27.
BUSINESS
Local jewellers run short of cash as branded chains thrive in gold rally
Unorganised jewellers (~53% of the market) are under pressure due to outright inventory buying, lack of hedging, and limited liquidity, leading to delays in design refreshes and store expansions.
BUSINESS
Silver demand steady despite high prices, says Hindustan Zinc CEO
Arun Misra said rising prices have not triggered any meaningful pullback in consumption, as silver’s role in sectors such as electronics and renewable energy makes substitution difficult.
BUSINESS
Green energy developers flag risks in Centre’s proposed renewable buyout option
The buyout mechanism will allow DISCOMs, captive power producers and open-access consumers to meet their green energy mandates by paying a prescribed charge instead of procuring renewable energy or Renewable Energy Certificates
BUSINESS
Budget 2026: Consumer sector seek steps to boost GST 2.0 to revive demand
Easier compliance, rationalisation of rates and strengthening formalisation of retail chain is on the industry wishlist
BUSINESS
De Beers bets on India’s rising middle class to fend off lab-grown diamond threat
The company recently opened a high-street store in Mumbai and plans to accelerate its physical retail presence. It aims to open five more company-owned stores and around 10 franchise outlets in 2026, expanding not just in metros but also into tier-2 cities, reflecting confidence that demand is spreading beyond India’s largest urban centres.
BUSINESS
Why record gold prices didn’t stop jewellers from clocking strong Q3 sales
Although the formalisation of the jewellery sector was an additional push for sales growth, analysts said that price corrections in October also drove demand momentum, which continued into November with healthy footfalls in stores, led by the wedding season.
BUSINESS
Why major steelmakers are in the Competition Commission of India's crosshairs
The Competition Commission of India (CCI) held 56 top executives, including JSW's Managing Director Sajjan Jindal, Tata Steel CEO T.V. Narendran and four former SAIL chairpersons, liable for price collusion over varying periods of time between 2015 and 2023
BUSINESS
FMCG companies see steady demand recovery, strong growth in food biz
India’s FMCG sector is not just poised for recovery but is getting ready for sustained, value-led growth, analysts say. Both Marico and Dabur expect profits to improve in the coming quarters
BUSINESS
Venezuelan situation to have little impact on Indian refiners, crude imports have remained nil since May
According to the data analytics firm, Indian companies have stayed away from Venezuelan crude oil for 8 months after 2024 peak. By May 2025, imports dropped to zero, marking a complete halt in Indian buying even as Venezuela continued exporting crude to other destinations, chiefly China and the US.
BUSINESS
Import curbs, higher costs give steelmakers leverage for price hikes
The levy, locally known as a safeguard duty, will be imposed at 12% in the first year followed by 11.5% in the second year and then 11% in the third year. The measure excludes imports from certain developing countries, though China, Vietnam, and Nepal will be subject to the levy.
BUSINESS
Indian liquor industry faces glass recycling deficit
Only 40-50% of container glass produced in India is recycled, leading to higher costs and increased carbon footprint for liquor companies.
BUSINESS
IPO-bound MSEDCL looks to refinance half of its Rs 98,000-crore debt
MSEDCL expects cost savings to the tune of Rs 66,000 crore from a reduction in power procurement costs over the next five years, as it looks to increase the share of renewables from the current 13% to 52% in terms of total energy consumption by 2030.
BUSINESS
Smelling billion-dollar opportunity, global, homegrown brands race to capture India's booming fragrance market
From $2 billion, the fragrance market is projected to grow to $4.08 billion by 2030. While global players eye the luxury shopper, domestic firms are seeking to monetise the sweet spot of affordability.
BUSINESS
How the Ambuja-ACC-Orient merger will help Adani streamline Rs 35,000-crore cement business
According to a presentation circulated by Ambuja Cement, its move to merge the three entities into one will help simplify the manufacturing and logistics networks associated with the multiple firms that form part of Adani's cement universe.
BUSINESS
Subdued prices to continue weighing on steel profits, recovery in FY26 remains muted
Indian ferrous players are likely to witness an EBITDA/tonne contraction to the tune of Rs 2,000/tonne in the third quarter, given lower realisations and higher coking coal costs, according to JM Financial.
BUSINESS
India closes 2025 with a solar capacity glut, faces utilisation, margin test next year
Module and cell margins and growth visibility beyond the traditional module and cell segment are key concerns for domestic PV manufacturers, says DAM Capital.
BUSINESS
ReNew to explore alternative options after Masdar exit ends buyout talks
The management, disappointed with the sudden withdrawal, said that Masdar's withdrawl came in without any rationale or any specific reason.
