A new study by IIT Kharagpur researchers, published in Nature Communications, reveals that urban growth patterns significantly influence future cooling demand in cities. The research highlights that a city's "thermal memory," shaped by decades of development decisions, impacts its heat burden and energy requirements, independent of global temperature rises. The study analysed 88 Indian cities and a global sample of 52 cities over two decades.
Adani Airport Holdings (AAHL) has announced it will raise 9,825 crore through a primary equity infusion from a consortium of global investors, including Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock, who will collectively acquire a 5.54 per cent stake.
The Indian government has approved the sale of a 60.72 per cent stake in IDBI Bank Ltd to Canadian billionaire Prem Watsa's Fairfax Financial Holdings Ltd for approximately 52,878 crore, a move that reflects improving India-Canada ties and marks a significant turning point for the bank.
Jio Platforms (JPL) is preparing a capex-light strategy to commercially launch 6G services in the early 2030s through software upgrades, rather than fresh infrastructure investments, according to Akash Ambani, managing director of JPL.
IndiGo and Air India Group will progressively shift flights from Mumbai's Chhatrapati Shivaji Maharaj International Airport (CSMIA) to the newly built Navi Mumbai International Airport (NMIA) starting from December. This phased transition, expected to complete by the 2027 summer aviation season, aims to ease capacity constraints at CSMIA, facilitate its Terminal 1 redevelopment, and establish a dual-airport system for Mumbai, enhancing connectivity and future growth.
Maruti Suzuki India has significantly increased its capital expenditure (capex) outlay to Rs 77,500 crore for the five-year period ending FY31, aiming to boost capacity, develop new models, and enhance R&D, as announced by MD and CEO Hisashi Takeuchi.
India remains one of the Hyundai Motor group's most important and strategic markets globally. The initiative positions India as a strategic core market for the group's growth, emerging market expansion, and next-generation automotive innovation.
Prime Minister Narendra Modi has urged the fintech sector to expand the global reach of India's Unified Payments Interface (UPI), connecting it with local systems in other countries to help the diaspora save on remittance costs.
Artificial intelligence company Anthropic, known for its Claude AI chatbot, has filed a registration statement with the US SEC for its proposed initial public offering (IPO), intending to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol 'ANT'.
JSW Group and China's SAIC Motor are in discussions for the next round of capital support for JSW MG Motor India, aiming to expand manufacturing capacity beyond 220,000 units annually to an ambitious one million vehicles and broaden its new-energy vehicle (NEV) portfolio.
Mahindra Group's Bristlecone, a supply chain services provider, has reported a 24 per cent year-on-year topline growth and aims for a billion-dollar valuation. The company is expanding its offerings in AI, data analytics, and product engineering, focusing on resilient supply chains for global enterprises.
One 97 Communications Ltd, operating Paytm, reported a significant 10-fold increase in profit after tax to Rs 225 crore in Q2 FY27, marking its sixth consecutive profitable quarter. The company also saw a 28% rise in operating revenue to Rs 2,648 crore, driven by strong performance in merchant and consumer businesses, expanded monetisation, and AI adoption. Paytm's EBITDA margin reached double digits for the first time, reflecting enhanced operating profitability.
Prime Minister Narendra Modi emphasised the democratisation of technology to ensure no section of society is left behind, advocating for affordable and accessible digital services, especially for the Global South. He highlighted the potential of Digital Public Infrastructure (DPI) and called for solutions to cyber fraud, global standards for emerging tech, and mechanisms to identify AI-generated content during his interaction with GSMA board members.
Korean auto major Hyundai plans to invest an additional Rs 4,000 crore in Maharashtra by 2030, aiming to nearly double capacity at its new Pune manufacturing plant to 320,000 units per annum in a phased manner, a top company executive said.
The Indian Navy is enhancing its operational capabilities across all domains, including air, underwater, AI, and quantum technology, to become a multi-domain network force. Vice Chief of Naval Staff, Vice Admiral Ajay Kochhar, highlighted lessons from recent conflicts, the exploration of directed-energy weapon systems, and significant procurement plans, including 42 new platforms on order and RFPs issued for LPDs and next-generation frigates. The Navy's focus on indigenous innovation and technology absorption, guided by "scale, sophistication, speed, and spiral development," aims to meet evolving operational requirements and protect maritime interests, especially amidst ongoing global crises.
NITI Aayog has called for a fundamental overhaul of urban governance in India, advocating for empowered city governments, directly elected mayors with five-year terms, and greater financial autonomy for urban local bodies to manage the country's rapidly growing urban population.
Union Road Transport Minister Nitin Gadkari stated on Tuesday that the opposition to 20 per cent ethanol-blended petrol (E20) was a "paid campaign," noting that millions of vehicles have been running on similar blends without issues for three years. He also highlighted the government's commitment to improving highway quality, reviewing numerous projects, and expanding India's road network, emphasising infrastructure's economic impact.
Tata Power is positioning itself as a key partner in India's rapidly expanding data centre ecosystem, with a significant opportunity pipeline across renewable energy, transmission, and distribution. The company is broadening its offerings to include comprehensive solutions like powered land and grid connectivity, actively supporting hyperscalers and AI-ready digital infrastructure, particularly in the Mumbai Metropolitan Region.
Microsoft has inaugurated its India South Central datacenter region in Telangana, marking its fourth cloud region in the country. This expansion aims to bolster India's cloud and AI infrastructure, with Telangana targeting 5 GW of datacenter capacity by 2029 and attracting significant investment in the digital ecosystem.
Microsoft has inaugurated its India South Central data centre region in Telangana, marking its fourth cloud region in the country and significantly expanding its cloud and AI infrastructure. This strategic investment supports Telangana's ambitious goal of achieving 5 GW of data centre capacity by 2029 and attracting USD 30 billion in digital infrastructure investments, further solidifying Hyderabad's role as a global technology hub.
Microsoft has inaugurated its India South Central data centre region in Telangana, marking its fourth cloud region in the country and significantly expanding its cloud and AI infrastructure. This strategic investment supports Telangana's ambitious goal of achieving 5 GW of data centre capacity by 2029 and attracting USD 30 billion in digital infrastructure investments, further solidifying Hyderabad's role as a global technology hub.
The Sports Authority of India's Training Centre in Dimapur, Nagaland, will be upgraded to a National Centre of Excellence (NCOE) following an MoU with the state government. This multi-phase development will transform the 64-acre Multi-Disciplinary Sports Complex, providing enhanced facilities for athletes in various disciplines.
Mixed-use real estate projects, integrating residential, commercial, retail, and hospitality segments, are gaining significant traction in India as developers seek to maximise returns, optimise land use, and diversify cash flows, with experts predicting 35-40% of urban real estate supply will be mixed-use by 2030.
Adani Enterprises and US-based Jabil have signed a non-binding agreement to establish a 50:50 joint venture in India. This JV will manufacture artificial intelligence and data centre equipment, including AI racks, servers, storage, networking gear, and cooling systems, targeting both Indian and global markets. The collaboration aims to capitalise on India's accelerating data centre demand and the surging global investment in AI compute infrastructure.
Chief selector Ajit Agarkar and his wife Fatema are set to launch ACE Juniors, a new-age early learning centre on July 29, focusing on developing creativity, emotional intelligence, and communication in children.
India's Next-Gen GST reforms are proving instrumental in driving robust economic growth, simplifying tax compliance, and fostering a more inclusive business environment across the nation, aligning with the vision of a 'Viksit Bharat', writes Finance Minister Nirmala Sitharaman.
Tata Consultancy Services (TCS) plans for 80% of its new hires to possess digital and Artificial Intelligence (AI) skills, anticipating that the growing share of AI-led work will significantly boost its profit margins.
Titan Company's ambitious roadmap to achieve a 20 per cent revenue compound annual growth rate (CAGR) by financial year 2030 (FY30) has garnered a positive outlook from analysts, who highlight the company's strong brand, sourcing capabilities, and diversified portfolio as key strengths.
The International Cricket Council (ICC) is actively pursuing a strategy to expand cricket in China, leveraging the sport's recent inclusion in the Olympics. Plans include establishing a Centre of Excellence, supporting a Tier 2 event, and promoting women's cricket, with significant investment and collaboration with the Chinese Cricket Association to embed the sport deeper into the country's sporting system.
Bengaluru is piloting the Jet Patcher technology to efficiently repair smaller potholes without disrupting traffic. This new method, suitable for potholes up to 50mm deep, uses cold-mix technology and allows for quick repairs, offering an alternative to traditional hot-mix methods which are less effective during monsoons and cause traffic congestion. The city aims to expand its use if the pilot project proves successful.
Jio Platforms Ltd's Rs 30,213-crore initial public offering was subscribed 3.01 times, attracting approximately Rs 66,500 crore in public bids, with qualified institutional buyers oversubscribing their portion by 9.02 times, while retail investor demand remained under-subscribed at 0.68 times.
Paytm CEO Vijay Shekhar Sharma stated that the government's new Merchant Discount Rate (MDR) on large-value UPI transactions will significantly increase the company's revenue and profitability. The 0.4% fee on UPI transfers exceeding Rs 2,000 to merchants, effective October 15, is expected to give Paytm a competitive edge. Sharma also highlighted the company's focus on generating free cash flow, expanding internationally, and developing proprietary artificial intelligence capabilities to drive future growth.
Chhattisgarh is rapidly emerging as a significant sports destination in India, driven by state government initiatives to host major events and develop infrastructure. Chief Minister Vishnu Deo Sai highlighted the state's commitment to sports, exemplified by the DP World PGTI Nava Raipur Open 2026 golf championship, inaugurated with cricket legend Kapil Dev. These efforts aim to foster talent, promote sports tourism, and transform the state's image, including positive changes in regions like Bastar.
India's government is set to release its draft National Steel Policy for public consultation, aiming for over 600 million tonnes of steelmaking capacity and 500 million tonnes of consumption by 2047. The policy will also introduce a ~5,000-crore scheme to incentivise small steel producers for carbon emission reduction and address challenges like raw material availability and technological dependence.
A collaborative study by Indian and South Korean scientists has provided new genetic, anatomical, and ecological insights into the wide-ridged Indo-Pacific finless porpoise. The research, based on a stranded specimen in Kerala, revealed distinct genetic differences from Pacific populations and highlighted significant conservation challenges, including limited protected habitats and anthropogenic pressures.
The initial public offering (IPO) of auto components maker Hero Motors Ltd was fully subscribed on its first day of bidding, receiving bids for 1.38 times the shares on offer, with strong interest from retail investors.
Trump has announced an 'Infinite Life' agreement with Denmark and Greenland, claiming it grants the United States permanent control over security and the ability to prevent adversaries from establishing a military presence or making sensitive investments on the strategically vital Arctic island.
A high-level committee, including representatives from banks and payment associations, is set to decide on Merchant Discount Rate (MDR) for UPI transactions exceeding Rs 2,000 to merchants. While person-to-person and person-to-merchant transactions up to Rs 2,000 remain free, the move follows a recent amendment to the Payment and Settlement Systems Act, sparking debate and clarification from the Finance Minister that only certain high-value merchant transactions might incur charges.
Industry leaders at an AIMA panel discussion emphasised the need for businesses to quickly adapt to changing market conditions and invest in technologies like artificial intelligence to build resilience and achieve long-term growth. They highlighted the current era of uncertainty driven by geopolitical tensions, supply chain disruptions, and rapid regulatory changes, stressing that tactical responses are as crucial as long-term strategy.
Skoda Auto is strategically navigating the competitive Indian automotive market by prioritising profitable growth, exploring new powertrain options like CNG and a limited diesel return, and gearing up for a locally produced electric SUV, all while expanding its retail footprint.
