Author: Abizar Attari
News Editor

Lucknow: Aerolloy Technologies Ltd, a wholly owned subsidiary of precision materials and engineering company PTC Industries, has secured a major order from Jeff Bezos-based Blue Origin, the company said in a press release. The order is for the development of highly advanced superalloy investment casting for its BE-4 engines powering the first stage of its New Glenn heavy-lift orbital launch vehicle. The BE-4 engine, developed by Blue Origin in collaboration with leading US space partners, requires highly advanced nickel-based superallow castings for its Liquid Oxygen (LOX) high-pressure and low-pressure manifolds that make up the first stage of New Glenn’s orbital…

Mumbai: Network People Services Technologies Limited (NPST), a digital banking and payments technology company, has announced the launch of the TimePay Prepaid Card, a smart card that integrates identity linked payments through a custom ERP. For this, NPST has partnered with Infinity Infoway, a ERP provider that processes identity issuance, role definition, approvals, access rights and much more for leading institutions. This new solutions is aimed at schools, colleges, universities and companies where students, employees and drivers can pay for various services without have to use cash. This approach is aimed at controlling spends, with disbursing and tracking expenses being…

New Delhi: German carmaker BMW Group has had a phenomenal 2025, with sales surging 200% to 18,001 units. The strong demand came on the back of surging demand for Electric Vehicles, with sales rising 77% year on year, taking the EV share in the overall Passenger Car market to 4%. The GST 2.0 rate cuts have been the catalyst for BMW, with almost 6,000 of its units sold in 2025 came from the December quarter.  For BMW, EVs now make up 21% of its India sales, although the company has been sourcing just half of its components locally. Last year,…

Bengaluru: Mid Tier IT firm Mphasis has appointed veteran venture capitalist Girish Paranjpe as the chairperson of its board, replacing Ms. Jan Kathleen Hier with effect from January 11, 2026. Mr Girish has been on the Mphasis’ board since October 2024. “It is an honour to step into this role, especially at a time when AI is reshaping how we view the future of technology and business. I look forward to collaborating with the Board and Management of Mphasis to drive innovation and create longterm, sustainable value. Together, we have an opportunity to shape what comes next,” Mr. Girish Paranjpe…

Hyderabad: PM Green Private Limited, a subsidiary of Power Mech Projects Ltd, has secured a major order to supply and install a 1 GWh Battery Energy Storage System (BESS) order from the West Bengal State Electricity Distribution Company Ltd (WBSEDCL). This infrastructure upgrade is expected to help WBSEDCL to generate revenues of around Rs.1,563 crore, a press release by the company said. The project, to be implemented under the Build, Own, Operate (BOO) model, includes designing, financing, engineering, procuring, operating and maintaining the BESS facility at the Goaltore substation. The company also has an addition greenshoe option to set up…

New Delhi: India’s economy is poised to grow at 6.7% in the upcoming Financial year 2026-27, lower than the Central Government’s estimates of 7.4%, A CRISIL report has stated. Despite the challenges with the unreasonable US sanctions and slowing global demand, 2025-26 saw India’s economy grow at 6.5%.  The surge in domestic demand, induced by the pre-Diwali lowering of GST rates, and a once-in-a-decade deflation, helped India tide over the storm of US tariffs. In fact, merchandise exports to the US actually increased by 20.8% between April and July, more than the 10.7% growth witnessed in the same period last…

Bengaluru: Cloud-based video broadcasting and distribution SaaS platform Amagi Media Labs is all set to raise ₹1,788 crore through an IPO. Supporting clients like NBCUniversal, Warner Bros, Paramount and Rakuten TV, Amagi offers cloud-based solutions for content creation, distribution and monetisation. The company is well known for managing the backend of these broadcasters, helping them to manage their backends, mostly based on Amazon Web Services (AWS). The Bengaluru-based company is the first Media and Entertainment SaaS based firm to go public in India, as the company aims to raise funds to boost its cloud infrastructure and explore inorganic growth opportunities.…

Vadodara: Quick service restaurant brand Neopolitan Pizza has partnered with real estate advisory firm Sunfin Realty to identify commercial properties and investors to run its restaurants under the FOCO (Franchisee Owned Company Operated) model. Under the collaboration, Sunfin will help Neopolitan Pizza to identify suitable locations and potential franchise investors for the growing Quick Service Restaurant (QSR) brand. The partnership is aimed at helping Neopolitian expand its reach while Sunfin leverages its expertise in the real estate market to source investors for the brand. Currently, the Vadodara-based brand has 21 outlets, mostly based across Gujarat, according to its website. The…

Kolkata: Leading infrastructure and engineering company Texmaco Rail & Engineering Ltd has successfully completed the installation of the Hydro Mechanical(HM) systems for NHPC’s Subansiri Lower Hydroelectric Project, a major 2000 MW dam project located on the Arunachal Pradesh-Assam border. NHPC has already commissioned one unit of the project, with the next three to be done by the end of FY 2026-27. Texmaco played a crucial role in designing, manufacturing, supplying, erecting, testing and commissioning the HM systems for the hydroelectric project. The scope for the project included designing, fabricating, suppluying and installing turbines, gates, headworks, spillways and other related control…

New Delhi: Multimodal logistics provider AVG Logistics has announced its entry into liquid logistics by deploying its first cargo train carrying 3,100 tonnes for its customer Chemplast Sanmar Limited. These trains are aimed at expanding the bulk logistics players’ role beyond road cargo, while ensuring cost-effective, safe and time-bound movement of liquid cargo across long distances using India’s expansive rail network.  According to a press release, the company expects an annual revenue of about Rs.22-24 crore through liquid cargo, built with trains that can carry 96 ISO tank containers across key industrial corridors.  Liquid logistics transporting edible oils, industrial liquids…