Author: News Desk

Tata Sons’ board has given an in-principle approval for a fresh capital infusion of more than Rs 10,000 crore into Air India, marking one of the largest funding commitments to the airline since the Tata Group acquired it for Rs 18,000 crore in 2021, according to a report by The Times of India. The approval is subject to conditions. People familiar with the matter said Air India and other Tata Group investee companies will have to present a detailed business case each time they seek fresh capital. The funding will be released only after the proposed investment is justified on…

The Adani Group is expanding its business presence across several Congress-led and other non-BJP-ruled states, with projects under development or consideration worth around Rs 5 lakh crore across roads, ports, power, renewable energy, cement and data centres. The conglomerate, which was once widely seen as being close to the BJP, is increasingly building projects across political lines. Governments in states including Karnataka, Telangana, Kerala, Tamil Nadu, Bihar and Andhra Pradesh are seeking investments from the group to support infrastructure development, attract private capital and create jobs. In Karnataka, Adani Enterprises emerged as the lowest bidder for both packages of the…

Kerala-based real estate developer Veegaland Developers is set to open its ₹210 crore initial public offering (IPO) for subscription on September 10. The company filed its red herring prospectus with the Registrar of Companies on August 31. The IPO has a price band of ₹130 to ₹140 per share, giving the company a valuation of around ₹682.5 crore. The issue size has been reduced from the ₹250 crore proposed in the draft red herring prospectus (DRHP) filed in December 2025. The Securities and Exchange Board of India (SEBI) approved the draft in June 2026. The IPO consists entirely of a…

Malayali-owned regional airline FLY91 has placed an order for 40 new ATR aircraft worth ₹9,400 crore, marking a major expansion plan for the young carrier. The order comprises 40 aircraft, each with a seating capacity of 70 passengers. According to the report, it is the largest ATR order placed by a regional airline globally. FLY91 will also lease another six to eight aircraft before the new planes are delivered, although the airline has not specified a timeline for adding all 40 aircraft to its fleet. FLY91 began operations in early 2024 and currently operates around 280 flights a week to…

Kenyan President William Ruto said the government plans to bring in two new companies to take over operations linked to Tata Chemicals at the Magadi Soda factory. In late July, Tata had said the Kenyan government directed its subsidiary, Tata Chemical Limited, to suspend operations at the Magadi Soda plant and halt soda ash exports. Speaking during a visit to Kajiado in southern Kenya, Ruto criticised Tata’s long-standing presence in the region, saying the company had held the contract for 100 years but had not built a factory or other major facilities in Kajiado. Ruto said the government plans to…

The Indian Space Research Organisation has successfully launched GSLV-F17 carrying EOS-05, an advanced Earth observation satellite designed to operate from geosynchronous orbit. The 51.7-metre-tall rocket lifted off from the Second Launch Pad at the Satish Dhawan Space Centre in Sriharikota at 2:55 am on September 4. EOS-05 is India’s first imaging satellite designed to operate from geosynchronous orbit. It is intended to provide persistent observation of the Indian subcontinent and surrounding regions from an altitude of nearly 36,000 kilometres. Its orbit will allow the satellite to repeatedly observe the same broad region as it remains synchronised with Earth’s rotation. The…

Indian Railways is expanding the Vande Bharat network with a major push for sleeper trains designed for overnight and long-distance journeys. The first Vande Bharat sleeper trains began service between Guwahati and Howrah, while another pair is undergoing trials. Railways now plans around 260 Vande Bharat sleeper trainsets through multiple manufacturing programmes. BEML is manufacturing the first 10 trains, while ICF Chennai will produce another 50. A further 200 trainsets have been awarded to two consortiums, with Kinet Railway Solutions set to manufacture 120 and the Titagarh-BHEL joint venture 80. The Vande Bharat sleeper trains have a design speed of…

India’s organised retail sector is witnessing rapid expansion as some of the country’s biggest business groups increase their physical presence across cities and towns. Reliance Retail, Tata Group’s Trent and Aditya Birla Group’s fashion and lifestyle businesses together added 3,891 stores over the past three financial years, taking their combined retail network to 26,067 outlets by March 2026. The expansion highlights the growing competition among major retail companies as they move beyond large metropolitan markets and target smaller cities, towns and emerging consumer markets. Reliance Leads Store Expansion Reliance Retail contributed more than half of the total increase, adding 2,120…

Indian Railways’ One Station One Product (OSOP) initiative has become an important platform for local artisans, weavers, craftspeople and small producers to showcase and sell their products to a wider audience. According to official data, more than 2,300 OSOP outlets are currently operating across over 2,000 railway stations in the country. The initiative has benefited more than 1.54 lakh people by connecting local producers with millions of railway passengers. The scheme has generated sales of around Rs 162.39 crore so far, while nearly 1.5 lakh direct beneficiaries have received opportunities through the programme. OSOP Turns Railway Stations Into Local Marketplaces…

What began as an engineering project at IIT Madras has evolved into a technology venture focused on making sanitation work safer in India. Divanshu Kumar, an engineer from Gaya in Bihar, developed HomoSEP, a robotic system designed to clean septic tanks and remove sewage without requiring sanitation workers to enter hazardous underground spaces. From IIT Madras Project to Real World Technology Kumar studied Mechanical Engineering at IIT Madras between 2014 and 2019 before pursuing a master’s degree in Product Design. During his postgraduate studies, he worked on a project focused on septic-tank cleaning. The project introduced him to the potential…