Author: News Desk

Adani Power has reported a strong performance for the first quarter of FY27, with consolidated net profit rising 47.24% year-on-year to ₹4,866.60 crore. The company attributed the growth to higher revenues, strong power demand, increased operating capacity and improved tariff realisation. Consolidated operating revenue rose 28.08% to ₹17,550.43 crore during the quarter, compared with ₹13,702.94 crore in the same period last year. Power sales under power purchase agreements increased 30.3% to 24.5 billion units, while tariff realisation rose 8.5% to ₹5.95 per kWh. Merchant and short-term realisation also improved 13.1% to ₹7.04 per kWh. Adani Power’s installed generation capacity increased…

What if essential supplies could reach places where roads cannot — and where helicopters are costly or difficult to deploy? That is the challenge Bhubaneswar-based deeptech startup BonV Aero is trying to solve with autonomous heavy-lift cargo drones. The company’s flagship platform, Air Orca, is designed to operate in extreme terrain and high-altitude environments. It has reportedly carried a 30 kg payload to more than 19,000 feet, where thin air and harsh weather make conventional drone operations significantly more challenging. BonV Aero’s drones are already being used for high-altitude logistics involving the Indian Army, helping deliver supplies to remote locations…

India is considering a major policy change that could allow airport operators to own and operate airlines. The move is reportedly being examined as the government looks to increase competition in India’s highly concentrated aviation market, which is currently dominated by a small number of major airline groups. If approved, the proposal could allow major airport operators such as Adani Airports and GMR Airports to enter the airline business, potentially creating new competition in the sector. The idea comes amid growing concerns over the impact of India’s airline duopoly on fares, capacity and passenger choice. Allowing airport operators to launch…

Former India cricket captain MS Dhoni has entered India’s clean-energy startup space with an investment in residential rooftop solar company SolarSquare. Dhoni has invested in the startup through his family office, Midas Deals, as part of SolarSquare’s recently announced $53 million Series C funding round. He will also join the company as its brand ambassador. The size of Dhoni’s investment has not been disclosed. Founded in 2015, SolarSquare provides end-to-end rooftop solar solutions, including consultation, installation, financing, monitoring and maintenance. The company says it has installed systems in more than 50,000 homes across 29 cities. SolarSquare plans to use the…

In 2018, when India’s private space sector was still largely closed to private companies, Mukesh Bansal made a risky ₹12 crore investment in Skyroot Aerospace. The Myntra and Cultfit founder became the startup’s sole angel investor at the time, backing former ISRO scientists Pawan Kumar Chandana and Naga Bharath Daka, who had founded Skyroot with the vision of building India’s first private orbital rocket. The bet came nearly two years before India officially opened the space sector to private players. Skyroot later went on to launch Vikram-S in 2022 and achieved a major breakthrough with Vikram-1’s historic orbital mission. The…

Tata Consultancy Services is expanding its AI infrastructure ambitions with land acquisitions in Visakhapatnam and Pune, potentially paving the way for data centres linked to OpenAI’s growing requirements in India. TCS has acquired a 200-acre land parcel in Anakapalli, Visakhapatnam, close to the Google-Adani campus. The company has also purchased an 88-acre plot in Bopkhel, Pune, for around ₹641 crore. The land acquisitions come as TCS explores opportunities to develop large-scale hyperscale data centres. The company is reportedly in advanced discussions with OpenAI and is evaluating multiple locations for future AI infrastructure. The proposed TCS-OpenAI data centre partnership could become…

Indian-origin Labour MP Kanishka Narayan has been appointed the UK’s Minister for AI by new Prime Minister Andy Burnham, marking a major milestone in the country’s approach to artificial intelligence. Narayan, who represents the Vale of Glamorgan in Wales, will become the first UK AI minister to attend Cabinet, giving artificial intelligence a direct seat at the heart of government decision-making. He had previously served as Minister for AI and Online Safety under former Prime Minister Keir Starmer since September 2025. His new role comes as the UK looks to strengthen its position in the global AI race and address…

India issued 1,331 commercial pilot licences in the first six months of 2026, highlighting the rapid growth of the country’s aviation sector. However, 41% of the newly licensed pilots were trained abroad. Of the total licences issued until June 30, 791 were given to cadets trained at Indian Flying Training Organisations, while 540 were trained at foreign flying schools. The data was shared in Parliament by Minister of State for Civil Aviation Murlidhar Mohol. India currently has 41 DGCA-approved flying training organisations with 63 bases and more than 400 aircraft. Their combined training capacity is estimated at around 3,500 students…

India has opened applications for the first round of 2026 vehicle import quotas from the UK under the newly implemented India–UK Comprehensive Economic and Trade Agreement. The Directorate General of Foreign Trade has invited applications from eligible importers for the Tariff Rate Quota (TRQ). Applications can be submitted from July 21 to August 4, 2026. The first allocation will cover 9,316 vehicles, including passenger cars and goods vehicles. Eligible applicants include original equipment manufacturers, dealers and channel partners authorised by vehicle manufacturers. Under the trade pact, vehicles imported from the UK can enter India at concessional customs duty rates within…

Ashok Leyland is stepping up its global expansion plans with a target of reaching around 25,000 export vehicles over the medium term. The commercial vehicle maker is looking to strengthen its presence across international markets through deeper localisation, strategic partnerships and new manufacturing opportunities. ASEAN is emerging as a key focus area for the company, which aims to make the region its next major export growth hub. Ashok Leyland’s export business has already recorded strong growth. The company exported a record 18,082 vehicles in FY26, up from 15,255 units in the previous financial year. Exports currently contribute close to 10%…