INDUSTRY

South India’s steel gap is about product mix, not just capacity: BigMint-backed report

BigMint estimates South India produced 31.1 million tonnes of crude steel against 46.2 million tonnes of capacity in FY26. The figures imply roughly 67% utilisation.

AM/NS India and governments sign agreement for INR 200 crore ITI upgrade project

AM/NS India and the central and Andhra Pradesh governments say they have signed an agreement to upgrade four ITIs in the Visakhapatnam cluster. The approved project investment is INR 200 crore; individual funding contributions remain undisclosed.

Crompton states INR 2,700 MRP for InstaNourish Pro cooking kettle

Crompton says its 1.2-litre InstaNourish Pro kettle has an MRP of INR 2,700 and a one-year warranty. The company’s online kitchen catalogue lists the model but currently marks it sold out, making availability a follow-up question.

Neuberg and NM Medical combine Maharashtra diagnostics operations

Neuberg Diagnostics says it has consolidated its Maharashtra operations with NM Medical, bringing pathology, imaging and preventive wellness into a unified network. The announcement does not disclose consideration, ownership shares or a quantified expansion schedule.

HiLITE plans INR 600 crore office tower at Kozhikode Cyberpark

HiLITE Group has begun the groundbreaking phase of a proposed 9 lakh sq ft office tower at Kozhikode Cyberpark. The developer puts the project cost at INR 600 crore and expects completion within two years.

KP Group sets FY32 targets for owned power, EPC and battery manufacturing

KP Group’s new strategy targets 10 GW of owned renewable generation, 10 GW of third-party EPC and 10 GWh of battery manufacturing by FY32. These are separate future business targets, not current operating capacity.

Shaya targets 400 CaratLane stores for silver jewellery range

Shaya says its silver jewellery is available in more than 100 CaratLane stores and aims to reach 400 by the end of the financial year. The brand has also appointed singer Shreya Ghoshal as its ambassador; it did not disclose sales or the campaign budget.

LVPEI targets September 2027 start for Amaravati patient services

LV Prasad Eye Institute plans to open patient services at its Amaravati campus in September 2027. The project will expand in phases, while the announcements reviewed leave the investment amount and financing breakdown unspecified.

ShikshaNext selects 11 EdTech and AI solutions for scaling and evaluation

ShikshaNext has selected five solutions for ScaleX and six for its accelerator, serving children aged four to ten. The selection advances an existing INR 170 crore initiative, although funding by solution and government adoption commitments remain undisclosed.

DP World Cochin adds fortnightly service to Fujairah, Sohar and Aden

DP World Cochin says the MGR IFR service connects Cochin and Nhava Sheva with Fujairah, Sohar and Aden every fortnight. Two vessels operate the route, but the announcement does not quantify transit-time savings or disclose commercial terms.

Delvitech plans USD 10 million first phase for Bengaluru manufacturing expansion

Delvitech plans a 65,000 sq ft Bengaluru facility, initially investing USD 10 million and targeting operations in early 2027. The company previously announced Indian production, making the relationship between its existing and proposed plants a key follow-up.

Hyderabad startup Pinit launches 45-minute at-home saree shopping service

Hyderabad startup Pinit has launched an app-led saree shopping service that brings curated collections and a stylist to customers’ homes within about 45 minutes, combining quick-commerce logistics with assisted physical trial.

Prime Industries board approves INR 11.47 crore preferential issue

Prime Industries’ board has approved a preferential issue of 2.73 million shares at INR 42 each, with Uday Narang proposed 2.49 million shares and an 11.32% post-issue holding, subject to approvals.

Lava prices Bold N4 Pro 5G at introductory INR 13,999

Lava's Bold N4 Pro 5G will go on sale on Amazon on 26 September at an introductory INR 13,999, with a 6,000mAh battery, 120Hz HD+ display, 6GB RAM and 128GB storage.

Mazagon Dock envisages INR 15,000 crore Dugarajapatnam shipyard

Mazagon Dock Shipbuilders has signed an MoU to anchor a proposed greenfield shipyard at Dugarajapatnam, envisaging INR 15,000 crore over five to seven years for a facility designed for 1.2 million gross tonnes a year.

ATS India announces exclusive distribution agreement for Hirata semiconductor equipment

ATS India says it will distribute Hirata’s semiconductor automation and handling equipment in India, initially focusing on standard products. The announcement does not identify customers, order volumes, investment commitments or the duration of exclusivity.

54 per cent of Indian executives surveyed say their companies are underprepared for climate impacts

Capgemini’s survey of 168 Indian executives finds climate adaptation is receiving greater attention, but reported preparedness has improved only modestly. The findings concern large organisations and measure executives’ assessments rather than independently audited readiness.