Vanya Steels, a subsidiary of South India's prominent integrated steelmaker A-One Steel Group, is investing INR 100 crore to establish a 10 MW waste-to-energy captive power plant at its manufacturing unit in Koppal, Karnataka. The project, which is scheduled for commissioning by the end of July 2025, will utilise advanced Waste Heat Recovery Boiler (WHRB) technology to convert residual heat from steel production into clean electricity. This initiative is expected to enhance energy efficiency, reduce operational costs, cut carbon emissions, and support India's broader goals of self-reliant and sustainable industrial growth.Read more

India is on track to become a USD 10 trillion economy within the next ten years, with Global Capability Centers (GCCs) projected to contribute USD 0.5 trillion in gross value added, according to Gunjan Samdani, Co-Chairman of Goldman Sachs India. Speaking at the CII GCC Summit, Samdani outlined that GCCs could generate employment for 20-25 million people in the coming decade. He noted that 65% of global growth until 2035 will emerge from developing nations, with India leading the momentum due to its demographic advantage, highly skilled STEM workforce, and AI readiness backed by national policy initiatives. As global technology spending rises, AI and digital transformation are expected to drive both global and Indian economic reconfiguration.Read more

India's wholesale inflation slipped back into the negative zone this past month after remaining positive in May. The Wholesale Price Index (WPI) fell to (-) 0.13%, influenced by declining prices in food articles, mineral oils, and basic metals. This marks a renewed phase of deflation, reminiscent of April 2023 and July 2020, when WPI similarly dipped below zero. Retail inflation, too, continued its downward trend, hitting a six-year low in May and staying well within the Reserve Bank of India's comfort range. With inflation stabilising, the Central Bank is expected to maintain focus on growth-friendly policies.Read more

Finance Minister Smt Nirmala Sitharaman stated that Global Capability Centres (GCCs) in India could contribute up to USD 200 billion to the country's economy by 2030 and significantly increase job creation. She highlighted the rapid pace of GCC establishment, with one new centre being launched weekly in 2024. Currently, around 50% of Fortune 500 companies operate GCCs in India, employing 2.16 million professionals. This workforce is projected to expand to 2.8 million by the end of the decade, reflecting the sector's steady 11% CAGR over the past five years.Read more

Nipponply Industries plans to invest INR 250 crore over the next three years to expand production for exports, develop e-commerce infrastructure, and establish warehousing and design centers. Currently, INR 65 crore is being invested in panel and furniture manufacturing. The Gujarat-based firm aims to capitalize on the furniture sector's potential in India and abroad, seeking partnerships in Europe, the Middle East, and North America. It also highlighted challenges like price volatility and inconsistent delivery, suggesting government measures like quality control orders and a 12% GST slab for certified furniture to boost global competitiveness.Read more

At a major event hosted by the Indian Chamber of Commerce in New Delhi, Union Commerce & Industry Minister Piyush Goyal laid out a transformative vision for Indian agriculture. He advocated transitioning from traditional practices towards climate-resilient irrigation, smart food processing, and globally competitive exports. With aspirations to raise agri-exports from INR 4 lakh crore to INR 20 lakh crore, he emphasised collaboration between the government, industry, and farmers to make agriculture central to India's USD 5 trillion economy. The session reinforced the strategic value of technology, branding, and sustainable farming in building a future-ready agri-sector.Read more

EzUrja, a provider of clean energy and EV charging solutions, has launched a new initiative focused on deploying advanced electric vehicle chargers built specifically for the demanding terrain and weather conditions of Himachal Pradesh. These chargers, manufactured within the state, are designed to support the government's goal of transitioning 3,000 government vehicles to electric models in the current year. The initiative also contributes to Himachal Pradesh's broader mission of achieving Green Energy State status by 2026.Read more

Capgemini is set to acquire WNS for USD 3.3 billion in an all-cash transaction, offering USD 76.50 per share. The deal aims to enhance Capgemini's Digital BPS and Intelligent Operations capabilities. WNS, headquartered in Mumbai, operates 25 delivery centers in India, employing nearly 40,000 people and contributing over 50% of its global revenue. The acquisition, expected to close by year-end, will create a global leader in Digital BPS, integrating AI and technology solutions for enterprise transformation.Read more

India's cement demand is projected to grow by 7-8% in FY26, driven by real estate activity and government housing and infrastructure initiatives. According to an Axis Securities report, this follows a recovery in demand during the latter half of FY25. Despite a subdued start to FY25, strong momentum is expected to continue into Q1 FY26. Cement output in April-May 2025 increased by 8%. While pricing may remain competitive, sustained volume growth is anticipated, backed by increased government capital expenditure and a revival in construction.Read more

CBRE's latest survey, conducted in collaboration with the USGBC North Asia Office, highlights the evolving role of Chief Sustainability Officers (CSOs) in Asia Pacific's real estate sector. Nearly 90% of landlords and investors now maintain dedicated sustainability functions. CSOs are being tasked with delivering measurable returns while aligning green initiatives with financial goals. Over 60% face increased tenant demands for sustainability, and decarbonisation has become vital to retain occupancy. Despite this, most asset owners are in the early stages of climate risk assessment, and resource expansion remains conservative amidst economic uncertainty.Read more