R Mukundan, CEO of Tata Chemicals, has taken over as President of the Confederation of Indian Industry (CII) for 2026-27, succeeding Rajiv Memani. The leadership line-up for the term also names Suchitra K Ella of Bharat Biotech International as president-designate and Shashwat Goenka of RP-Sanjiv Goenka Group as vice-president, signalling fresh priorities for the industry body.
India’s private capital expenditure jumped 67% to Rs 7.7 lakh crore in September 2025, signaling a revived investment cycle. Manufacturing led the increase, while services also contributed meaningfully. The Confederation of Indian Industry (CII) unveiled a five-point action plan to sustain growth, including proposals on fuel excise, energy conservation, and improving payment flows for MSMEs.
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India’s growth outlook is hovering around 7% this fiscal, but CII president Rajiv Memani says the figure depends heavily on a quick end to the Iran war. If fighting drags on, growth could slow to 6.5%. Companies are already preparing for shocks, while private investment and confidence are expected to rebound once West Asia stabilizes, supported by steady consumption demand.
As India’s heatwave intensifies, industry bodies and the National Highways Authority of India have issued new advisories calling for safer working conditions. Firms are being urged to adopt flexible hours, provide frequent rest breaks, and adjust schedules to protect workers while keeping highway construction and operations on track. The move aims to balance safety with uninterrupted productivity.
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