JSW MG India Places ₹40B in EV Bets During a Profit Decline
JSW MG India is injecting as much as ₹40 billion (approx. $441 million) over the next few years to expand its manufacturing capacity and shift its product lineup to New Energy Vehicles (NEVs). This is an aggressive move to double its production capacity to 300,000 units per year and gain…
The first orbital AI data center platform in India will be unveiled by Agnikul and NeevCloud
Agnikul & NeevCloud to launch India’s first orbital AI data centre by 2027, using rocket stages for space-based AI compute. Chennai-based space technology startup Agnikul Cosmos and AI cloud infrastructure company NeevCloud have announced the development of India’s first orbital AI data centre platform, with plans to launch the pilot…
Uttar Pradesh budget allocates $556 million to boost textile industry
Uttar Pradesh budget allocates $556 million for the development of the textile sector. The Uttar Pradesh government has allocated ₹5,041 crore (approximately $556 million) in the state budget for 2026-27 to develop the textiles and village industries sector. This allocation reflects the state government’s focus on employment-oriented manufacturing and traditional…
Regtech Startup Idfy Gets Rs 476 Cr From Current Investors & Neo Asset Management
Mumbai-based regtech company Idfy has secured Rs. 476 crore (~USD 52 million) in a recent funding round, led by Neo Asset Management’s Neo Secondaries Fund, along with existing investors Blume Ventures, Analog Capital, Elev8, and so on. According to the Ministry of Corporate Affairs filings, the round saw a combination…
