Author: News Desk

India is set to triple the Maritime Development Fund (MDF) to ₹70,000 crore, nearly three times the allocation in the February Budget, as part of an aggressive plan to ramp up shipbuilding and port capacity. The expanded fund will back shipyards, green vessel projects, and port upgrades as the country aims for a top five global shipbuilding rank by 2047. The Expenditure Finance Committee (EFC) has cleared the proposal, which blends 49% concessional capital from the government and major ports with 51% commercial funding from multilateral and sovereign investors. Cabinet approval is expected soon. By 2047, the maritime sector could…

StampMyVisa, a B2B visa platform, has acquired travel tech startup Teleport to expand and simplify visa services across India and Southeast Asia. The move combines Teleport’s consumer-focused technology with StampMyVisa’s strong B2B infrastructure to offer faster and more reliable visa solutions. Teleport is backed by well-known Indian startup founders, including Kunal Shah (CRED), Vidit Aatrey (Meesho), and Phanindra Sama (Redbus). The startup has built a loyal following among young travellers, making it a strong partner for StampMyVisa. “Teleport has created a trusted brand among travellers. By joining forces, we can combine their innovation with our infrastructure to make visa services…

Prime Minister Narendra Modi marked India’s 79th Independence Day with a record-breaking 103-minute speech from the Red Fort, rolling out a mix of economic, defence, and technology announcements. Key measures included new GST reforms, a major push for self-reliance in critical minerals, and the launch of schemes aimed at job creation and women’s empowerment. GST Overhaul by Diwali Modi announced “next generation” GST reforms set to roll out before Diwali, promising lower taxes on daily-use goods. He positioned it as a direct relief measure for households, framing it as a festival gift to the nation. Mission Sudarshan Chakra: Defence Innovation…

Larsen & Toubro (L&T) has secured a major milestone in India’s high-speed rail ambitions, receiving a Letter of Acceptance (LoA) worth ₹4,467.7 crore for the track work package T-1 of the Mumbai-Ahmedabad Bullet Train project. Package T-1 marks the final track installation phase of the Mumbai-Ahmedabad High-Speed Rail (MAHSR) project, bringing the vision of a world-class bullet train closer to reality. The journey to this award began in October 2024, when the National High-Speed Rail Corporation Ltd. (NHSRCL) invited bids for the contract, which carries a 5.9-year completion timeline of 2,157 days. Three firms responded, submitting technical bids that were…

Titagarh Rail Systems Limited (TRSL) is making a strategic move beyond rail by stepping into the shipbuilding industry. The company’s Board has approved the formation of a wholly owned subsidiary, Titagarh Naval Systems Private Limited (TNSPL), by acquiring its entire share capital for Rs 10,000. Alongside this, TRSL will transfer its existing Shipbuilding and Maritime Systems (SMS) business to TNSPL as a going concern. The goal is to let TRSL sharpen its focus on the core rail systems business, while TNSPL develops the naval systems arm independently and attracts potential strategic investors. Details of the New Subsidiary TNSPL was incorporated on…

In 2025, India’s tallest buildings are telling a bigger story than just numbers. They speak of cities running out of ground space, of developers betting big on luxury living, and of an economy confident enough to build landmarks meant to be seen from miles away. Mumbai still wears the crown — nine of the ten tallest towers stand here, each competing for a place in the skyline. But Noida’s Supernova Spira has crashed the party, showing that North India isn’t just watching from the sidelines anymore. The Top 10 Towers of 2025 Why This List Matters in 2025 More Than Just Tall…

On August 15, 2025, India commemorates its 79th Independence Day, a day of reflection, pride, and renewed ambition. It also marks a special milestone in the story of India’s scientific and technological growth, especially in space exploration, where the Indian Space Research Organisation (ISRO) has carved a unique global identity. Founded on the same date in 1969, ISRO was the brainchild of Dr. Vikram Sarabhai, who envisioned harnessing space science for India’s development — not just prestige. His dream has since evolved into one of the world’s most admired space programs, renowned for cost-efficiency, innovation, and mission success. From launching satellites to interplanetary missions, ISRO has grown from humble…

Arjun Tendulkar, son of cricket legend Sachin Tendulkar, is now engaged to Saaniya Chandok, granddaughter of Mumbai business magnate Ravi Ghai. The private engagement ceremony brought together two influential legacies, one rooted in sports excellence, the other in corporate success. A ₹624 Crore Hospitality Empire Saaniya’s family runs the Graviss Group, a powerhouse in India’s food and hospitality industry. The group owns The Brooklyn Creamery and operates Baskin Robbins India, reporting revenues of ₹624 crore in FY23-24. They also manage the InterContinental Hotel in Mumbai, part of the globally renowned InterContinental Hotels Group (IHG), valued at $18.43 billion. Beyond the…

Prime Minister Narendra Modi has virtually launched the Ajni (Nagpur)–Pune Vande Bharat Express, marking the addition of the longest route in the Vande Bharat fleet. Spanning 881 km, the train cuts travel time between Nagpur and Pune to just 12 hours, offering a faster and more comfortable journey for passengers. Operating six days a week, the train halts at Wardha, Badnera, Akola, Shegaon, Bhusaval, Jalgaon, Manmad, Kopargaon, Ahmednagar (Ahilyanagar), and Daund Chord Line. Train No. 26101 departs Pune at 6:25 AM, reaching Ajni at 6:25 PM. The return service, Train No. 26102, leaves Ajni at 9:50 AM and arrives in…

Motilal Oswal Financial Services has made a fresh bet on quick commerce player Zepto, investing ₹400 crore for 7.54 crore compulsorily convertible preference shares. The stake purchase, disclosed in a regulatory filing on August 12, strengthens the firm’s position as an existing backer—it had earlier participated in Zepto’s November 2024 funding round. Strategic Interest from Multiple Players This isn’t the only recent vote of confidence in Zepto. MapMyIndia (CE Info Systems) invested ₹25 crore earlier this month, along with a deal to integrate its mapping SDKs and APIs to enhance delivery and customer experience. Elcid Investment also came in with…