The centre of excellence in Bengaluru will incubate startups, drive R&D, and position Karnataka as a global space innovation hub. The Karnataka government has signed a memorandum of agreement (MoA) with the industry association SIA-India to establish India’s first state-level centre of excellence (CoE) in space technology. The initiative, led by the Karnataka Innovation and...
Category: ECONOMY & POLICY
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IndiGo Expands UK Reach with More Flights to Manchester and London Heathrow
India’s largest airline boosts non-stop connectivity from Delhi and Mumbai using Boeing 787-9 Dreamliners. IndiGo, India’s largest airline by marketshare and fleet size, is set to expand its long-haul footprint to the UK this winter, increasing frequencies on its direct routes to Manchester and London Heathrow from Delhi and Mumbai. The move follows strong booking...
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ENGIE Secures 100 MW Solar PPA with SECI, Expands Rajasthan Portfolio to 1 GW
Located in one of India’s highest solar irradiance zones, the Barmer project is set to deliver dependable clean power to a region where rising energy demand and economic growth go hand in hand. French energy services group ENGIE has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) for a...
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IMC 2025: Scindia Highlights India’s Digital Leap in Manufacturing, Startups
The communications minister said that from semiconductor fabs to women-led startups, India’s innovation ecosystem is scaling from Tier 1 metros to Tier 3 towns. Reiterating a perspective shared on the opening day of the India Mobile Congress (IMC) 2025, Jyotiraditya Scindia, Union Minister for Communications, said India’s evolution from a services-led economy to a global...
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Lotus Takes Flight: Mumbai’s Aviation Horizon Expands as PM Modi Launches Navi Mumbai International Airport
The ₹167 billion Navi Mumbai International Airport (NMIA) project is expected to boost Maharashtra’s GDP by 0.5 per cent, catalyse real estate growth, and reposition Mumbai as a global twin-airport city alongside aviation hubs such as Dubai, London and New York. Putting an end to a long wait spanning nearly two decades, Prime Minister Narendra...
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NMIA Ripple: Real Estate Activity Accelerates Across Panvel and Navi Mumbai
Property values have surged across Uran-Ulwe, Kharghar, Dronagiri, Taloja and Panvel, fuelled by sustained demand, improved connectivity and long-term investment potential. The operationalisation of the ₹167 billion Navi Mumbai International Airport (NMIA) is already reshaping the region’s real estate landscape, with Panvel and surrounding nodes emerging as high-growth corridors. According to Vimal Nadar, National Director...
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IMC 2025: Satcom Summit Calls for Space Networks to Bridge Digital Divide
As India’s satellite communication sector enters a transformative phase, its future success will hinge on delivering universal digital access, said top lawmakers, industry leaders and technologists at the inaugural SATCOM Summit on Wednesday. With policy reforms, public-private partnerships and next-generation technologies propelling India’s satellite communication sector into a transformative phase, its future success lies in...
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Sembcorp to Acquire ReNew Sun Bright, Expanding India Solar Portfolio to 6.9 GW
The deal, valued at approximately Singapore $246 million and subject to customary adjustments, marks a strategic expansion of Sembcorp’s renewable energy footprint in India. Singapore headquartered Sembcorp Industries, through its wholly-owned subsidiary Sembcorp Green Infra Pvt. Ltd has signed a share purchase agreement to acquire 100 per cent of ReNew Sun Bright Pvt. Ltd from...
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Indian Railways Achieves Record Capex Utilisation in H1 FY26; Safety and Network Expansion Lead Spend
The largest share of spending has gone towards safety works, including investments in the automatic train protection system KAVACH, alongside track renewals, bridges, level crossings and road overbridges. Indian Railways has achieved its highest-ever capital expenditure utilisation, deploying ₹1.42 trillion by the end of September 2025 in FY2025-26. This represents 56.5 per cent of its...
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IMC 2025: Modi Urges Indian Tech Leaders to Scout Global Gaps and Make for the World from Bharat
The prime minister said India’s democratic foundations, pro-investment policies and streamlined business environment have positioned the country as a trusted global destination for technology and manufacturing. Prime Minister Narendra Modi has called on India’s technology leaders to seize emerging opportunities in the world’s digital and manufacturing sectors, positioning the country as a trusted global hub...