Author: News Desk

Tesla has signed a 9-year lease for a 33,475 sq ft facility at Orchid Business Park on Sohna Road, Gurugram, at a monthly rent of ₹40.17 lakh, with a ₹2.41 crore security deposit. This space will serve as Tesla’s first integrated service centre, customer retail outlet, and delivery hub in the Delhi-NCR region. The lease, registered on July 28 and effective from July 15, includes an annual 4.75% rent escalation and a three-year lock-in period. The site spans 50,914 sq ft of super built-up area, delivered in warm shell condition for Tesla to customize interiors in line with its global…

HOSPEX, Kerala’s leading medical technology expo, will be held from August 22 to 24 in Kochi. The exhibition will focus on innovations in diagnostics, medical equipment, digital healthcare, wellness, and medical tourism. This year, HOSPEX is offering financial support to MSME manufacturing units in the health sector. Eligible units include manufacturers of medical equipment, hospital infrastructure, medical garments, and IT-communication solutions for healthcare. Stalls at the expo are eligible for significant reimbursement. General category units can get up to 80% of stall rental reimbursed, while SC/ST, women, and differently-abled entrepreneurs are eligible for 100% reimbursement, with a maximum support of ₹80,000 including taxes. Held under the theme “The Future of Healthcare: Equipment, Digital,…

India has taken a bold step toward next-gen transportation with a new partnership between TuTr Hyperloop, an IIT-Madras incubated deep-tech startup, and BEML Limited, a public sector enterprise under the Ministry of Defence. The duo signed a Memorandum of Understanding (MoU) to jointly develop a full-scale Hyperloop system for passenger and cargo transport. BEML will act as the principal manufacturing partner, enabling indigenous production of high-speed pods that travel through near-vacuum tubes using magnetic levitation (maglev) and linear induction motor (LIM) systems. “This partnership is a step forward for India’s efforts in high-speed transportation,” said Shantanu Roy, CMD of BEML. “It aligns with the goals of Viksit Bharat 2047 and Atmanirbhar Bharat by supporting transport systems built with…

In a move that could reshape India’s infrastructure leadership, Gautam Adani has officially stepped down as Executive Chairman of Adani Ports and Special Economic Zone (APSEZ), India’s largest private port operator. The re-designation to Non-Executive Chairman, effective August 5, 2025, was approved by the board and announced via stock exchange filing. “He will cease to be a key managerial personnel of the company,” the statement confirmed. This surprise leadership shift comes amid ongoing legal and regulatory pressures, including: While the Adani Group denies all charges, the fallout is tangible: Following the announcement, APSEZ shares dipped 2% intraday, reflecting investor concerns despite the company’s 21% YoY revenue…

India has reached a key milestone in its clean energy journey with the commissioning of the first indigenous 1MW green hydrogen plant by the Deendayal Port Authority (DPA) at Kandla, Gujarat. Inaugurated by Union Minister Sarbananda Sonowal, this is the first green hydrogen project at any Indian port, and a proud achievement under the Make in India initiative. The plant, built in just four months, is part of a larger 10MW green hydrogen facility in progress. The electrolyzer used is entirely domestically manufactured, setting a precedent for future clean energy projects in India. Initially, the hydrogen will power: Over time, the DPA plans to use green hydrogen across all port operations, including vehicles, tugs, and…

VinFast, the Vietnamese electric vehicle manufacturer, has officially rolled out its first EV from its brand-new factory in Thoothukudi, Tamil Nadu. Inaugurated by Chief Minister M. K. Stalin, the ₹16,000 crore facility marks the company’s bold entry into the Indian EV market. The plant is designed to produce up to 1.5 lakh vehicles annually and generate employment for 3,500 people. The launch coincides with the opening of pre-bookings for the VF6 and VF7 SUVs, priced at a token amount of ₹21,000. Pricing details are expected to follow soon. VinFast is also partnering with 13 dealership groups to establish 32 retail outlets across 27 major cities, with a target of 35 showrooms by…

Adani Enterprises has categorically denied any plans to collaborate with Chinese companies BYD or Beijing Welion New Energy Technology. The clarification came in response to a Bloomberg report published on August 4, 2025, which claimed the group was exploring a battery manufacturing partnership with BYD as part of its clean energy push. In a statement released on Monday, Adani said, “We categorically deny Bloomberg’s report suggesting a tie-up between the Adani Group and Chinese companies BYD and Beijing Welion New Energy Technology. This report is baseless, inaccurate, and misleading.” The Bloomberg report had suggested that Adani Group Chairman Gautam Adani…

As China’s maritime ambitions grow, India teams up with the Philippines for its first-ever coordinated naval patrols in contested waters, sending a clear message about regional cooperation and presence. A First in Military Cooperation and Diplomacy For the first time, India and the Philippines have kicked off joint naval drills in the South China Sea, a move that coincides with Philippine President Ferdinand Marcos Jr’s official visit to India. His trip, running from August 4–7, includes meetings with President Droupadi Murmu, Prime Minister Narendra Modi, and top Indian officials. While Marcos tours Delhi, Indian Navy warships have arrived in Manila…

The daughter of cricket legend Sachin Tendulkar becomes the fresh face of ‘Come and Say G’Day’ as Tourism Australia ramps up outreach in key international markets Sara Tendulkar is stepping into the international spotlight—not through cricket, but as one of the latest ambassadors of Australia’s tourism campaign, A. The campaign, backed by the Australian government, aims to position the country as a top destination for global tourists, especially the young and fast-growing Indian outbound travel market. Sara joins a lineup of global personalities including wildlife ambassador Robert Irwin, celebrity chef Nigella Lawson, and Japanese comedian Abareru-kun. Her inclusion has created a…

With the US imposing a steep 25% duty on Indian goods starting August 7, the Indian government is stepping up efforts to shield its exporters. The focus is on long-term resilience through brand building, policy tweaks, and targeted support for vulnerable sectors like marine products and textiles. 25% Tariff Hits Indian Exports The US has slapped a uniform 25% tariff on all goods imported from India. That includes over $85 billion worth of exports, cutting across sectors like textiles, seafood, and engineering goods. In comparison, competitors like Vietnam, Bangladesh, Pakistan, and Turkey face tariffs ranging from 15% to 20%. This…