Analog Devices Completes Acquisition of Alif Semiconductor

Analog Devices, Inc. (NASDAQ: ADI) today announced the completion of its acquisition of Alif Semiconductor. The combination of ADI’s leadership across sensing, signal processing, power, connectivity and application software, with Alif’s AI-native microcontrollers and fusion processors, expands ADI’s total addressable market and accelerates innovation across industrial, data center infrastructure, defense, energy, robotics, digital health and wearable applications.

We are excited to welcome the Alif team to ADI and begin realizing the potential of bringing our technologies together, said Vincent Roche, CEO and Chair of ADI. For decades, ADI has helped customers solve their most complex system-level challenges through deep domain expertise and a cutting-edge technology portfolio spanning the physical-digital boundary. Alif’s AI-native platform builds on that foundation, advancing systems that can understand real-world signals, reason and act locally within demanding power, latency, security and reliability constraints. This is physical intelligence in action.

About Analog Devices, Inc.

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, AI, and software technologies into solutions that combat climate change, reliably connect humans and the world, and help drive advancements in automation and robotics, mobility, healthcare, energy and data centers. With revenue of more than $11 billion in FY25, ADI ensures today's innovators stay Ahead of What's Possible. Learn more at www.analog.com and on LinkedIn and X.

Forward-Looking Statements

This press release contains forward-looking statements, which address a variety of subjects including, for example, the expected benefits of the transaction; ADI’s expected product offerings and benefits of those offerings, product development, and technical advances resulting from the transaction; markets, market position, addressable markets, and growth opportunities; and other future events. Statements that are not historical facts, including statements about our beliefs, plans, and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: unforeseen or unknown liabilities; costs or expenses related to the transaction; the inability to retain key personnel; difficulties in integrating the acquired business; the risk that expected benefits of the transaction may not be realized or may take longer to realize than expected; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.

Adani Group Eyes $1.5 Bn Loan to Accelerate Data Centre Expansion

The Adani Group is in discussions to raise about $1.5 billion through an offshore loan to support the expansion of its data centre business, according to reports citing people familiar with the matter.

Sources said AdaniConneX, Adani Group's data centre venture with EdgeConneX, is in talks with a consortium of lenders, including DBS Group, First Abu Dhabi Bank and Mitsubishi UFJ Financial Group, for a proposed offshore loan facility.

Key Highlights

• AdaniConneX, the group's data centre joint venture with EdgeConneX, is reportedly negotiating with lenders including DBS Group, First Abu Dhabi Bank (FAB), and Mitsubishi UFJ Financial Group (MUFG).
• Additional discussions are said to involve Natixis, ING Bank, and Société Générale.
• The proposed loan could have a five-to-seven-year tenor, although pricing and final terms have not yet been agreed.
• The financing aligns with Adani's broader plan to invest around $100 billion in data centres and other digital infrastructure by 2035.
• The move comes after AdaniConneX reportedly secured an $800 million data centre loan earlier.

Why It Matters

India's data centre industry is expanding rapidly as demand for artificial intelligence (AI) and cloud computing infrastructure grows.

Government projections cited in reports suggest that India's data centre capacity could rise to nearly 8 GW by 2030, up from roughly 1.57 GW previously.

The funding effort also underscores intensifying competition among major Indian conglomerates.

• Adani Group plans to invest about $100 billion in data centres and digital infrastructure by 2035.
• Reliance Industries is also investing heavily in AI-related infrastructure, highlighting the race among India's largest business groups to build capacity for next-generation digital services.
• The rapid expansion of AI applications and cloud computing is expected to drive substantial investments into India's data centre ecosystem over the coming years.

Allcargo Logistics Reports ₹33 Cr PAT in H1 FY27, Delivers ₹48 Cr Profit Turnaround

Allcargo Logistics Reports PAT of ₹33 Cr, a ₹48 Cr Turnaround, and 12% Gross Profit Growth in H1 FY27

H1FY27 revenue grows 7%, EBITDA rises 31% year-on-year amid continued Revenue Growth

Allcargo Logistics Limited, an integrated logistics provider through its Domestic Supply Chain, Express Distribution and Consultative Logistics businesses, announced its consolidated financial results for the period ended September 30, 2026, reporting an improvement in profitability supported by consistently improving customer service levels, pricing discipline and operational efficiencies.

The company's gross profit grew 13% year-on-year in Q2FY27 & 12% in H1FY27, while EBITDA increased 24% year-on-year in Q2FY27 & 31% in H1FY27. The company also reported a Pre-Exception PBT of ₹24 crore in Q2FY27, representing a healthy 167% year-on-year growth, compared with ₹9 crore in Q2FY26.

The improvement reflects the company's continued focus on strengthening operating margins across its domestic logistics businesses. In Express Distribution, sustained/consistent progress in service levels, enhanced customer engagement and improving network efficiencies have enabled revenue growth and yield improvement. In Consultative Logistics, higher throughput from existing customers on the back of efficient service, improved warehouse utilisation and cost optimisation contributed to a sequential improvement in gross margins.

Commenting on the performance, Mr. Ketan Kulkarni, Managing Director and Chief Executive Officer, Allcargo Logistics Limited, said, “Our overall H1FY27 performance demonstrates a continued progress in strengthening the fundamentals of our domestic logistics business. The improvement in profitability and margins underlies the benefits of pricing discipline, cost recovery and process optimisation.

In Express Distribution, while growth moderated during this quarter, we adopted measures to improve customer engagement, service quality and network efficiency. Our goal now is to leverage this customer centric service delivery to drive volume growth while maintaining the pricing gains achieved over the past few quarters.

As we have entered the festive season, we are witnessing a recovery in volumes and expect this momentum to continue. In Consultative Logistics, higher volume from existing customers, improved warehouse utilisation and tighter cost management are supporting margins.

In H2FY27, profitable growth along with revenue expansion remains our priority. To attain that, we will continue to our three-pronged strategy – further improving service levels, increasing capacity utilisation and reducing operating costs.”

Financial Performance:

Overall Performance: The company reported a PAT of ₹19 crore in Q2FY27, a healthy 487% year-on-year growth, compared with loss of ₹(5) crore in Q2FY26. Revenue grew 3.4% year-on-year in Q2FY27, while H1FY27 revenue increased 7.1% year-on-year. Gross profit grew 13% year-on-year in Q2FY27 and 12% year-on-year in H1FY27. The EBITDA margin for H1FY27 stood at 13.4%, with EBITDA increasing 31% year-on-year.

Express Distribution: Shipment volumes remained broadly stable sequentially at approximately 3.11 lakh tonnes in Q2FY27, compared with 3.12 lakh tonnes in Q1FY27. Customer-segmentation initiatives, loyalty programmes, service-quality improvements and network optimisation are supporting volume recovery.

Consultative Logistics: Revenue increased by ₹9 crore during the quarter year-on-year, supported by higher throughput from existing customers. Also improved the company margins aided by cost optimisation and recovery of additional costs from customers.

Outlook: The company expects festive-season demand to support growth in Q3FY27, with automotive, electronics, heavy engineering and e-commerce contributing to volume growth. Priorities for H2FY27 include restoring volume growth, protecting yields, improving capacity utilisation and strengthening cash generation.

About Allcargo Logistics Limited

Allcargo Logistics Limited, under the composite Scheme of Arrangement, has merged its Domestic Supply Chain business and demerged its International Supply Chain (ISC) business as Allcargo Global. The Domestic Supply Chain business houses Express Distribution and Consultative Logistics. Allcargo Logistics combines legacy, innovation, and customer-centricity with a robust distribution network, deep expertise, and a digital-first approach to provide reliable logistics services for MSMEs, retailers, and enterprises. With a nationwide network covering 100% of India’s districts and a growing presence across Asia, the company offers extensive reach and service capability. Its key business verticals include Express Distribution, Consultative Logistics, Air Freight, E-commerce Logistics, First and Last Mile Delivery, and more. The company also offers specialized B2C services such as Laabh, Bike Express, and Student Express, designed to meet the evolving needs of diverse customer segments.

The Allcargo Group remains committed to Environmental, Social, and Governance (ESG) standards and continues to invest in its people, technology, business processes, and operations. The Group has set a goal of achieving 100% carbon neutrality by 2040.

Allcargo Logistics Limited is listed on BSE Limited (Scrip Code: 532749) and National Stock Exchange of India Limited (Symbol: ALLCARGO).

Tata Motors and Iveco Group Unite to Create a Global Commercial Mobility Powerhouse

Tata Motors and Iveco Group Come Together to Build for the Future Creating a New Global Force in Commercial Mobility

• Global Enterprise: Complementary portfolios and geographic strengths create a truly global enterprise, with presence in over 130 countries across key developed and high-growth markets in Europe, India, South America, Asia, the Middle East and Africa, and combined revenues of ~€21 billion (INR 2,28,000 Cr.+)
• Worldwide Footprint: 27 manufacturing sites and 25 R&D centres, supported by a network of over 9,300 sales and service centres
• Customer First: Combining global capabilities with deep local understanding to deliver greater value and excellence for customers
• Talent Power: 73,000+ employees across six continents, creating a formidable global talent and technology base to define the future of commercial mobility
• Proudly Distinct: Preserving the strength of our brands, identities and industrial foundations, while exploring newer opportunities for growth
• Seamless Continuity: Customers, dealers, suppliers and partners experience seamless continuity from day one
• Possibilities Multiplied: New opportunities to unlock technology, market access and scale, with capabilities flowing both ways

Tata Motors Limited, India’s largest commercial vehicle manufacturer, and Iveco Group N.V., a leading international player in commercial vehicles, buses and powertrains, today marked a new beginning together as a global commercial mobility enterprise with the scale, reach and capabilities to compete and grow across markets and technology cycles. Ranked fourth^[1] in the world amongst commercial vehicle manufacturers, the new enterprise combines deep industrial heritage, strong brands and complementary product portfolios spanning the breadth of commercial mobility, with a strategically diversified and growing presence across Europe, India, South America, Asia, the Middle East and Africa.

Announcing this at a global press meet in Turin, Italy, Mr. N Chandrasekaran, Chairman, Tata Sons, Tata Motors and Iveco Group, said:
“Today marks the beginning of an exciting new chapter for Tata Motors and Iveco Group. Two strong and successful organisations, united by shared values, a common commitment to sustainable mobility and an ambition to shape the future of commercial transportation, have come together to create a truly global commercial mobility enterprise. We will invest for the long term, enable ideas and capabilities to flow in both directions, and harness our combined scale, reach and talent to shape a future of mobility that is safer, smarter, more connected and more sustainable. I take this opportunity to express my appreciation to the Italian Government, the regulatory authorities across jurisdictions, our employees, shareholders and all the stakeholders whose trust, cooperation and support have helped us reach this important milestone. I also warmly welcome our colleagues from Iveco Group into the Tata family and look forward to all that we can achieve together.”

The collective strength and expertise of Tata Motors and Iveco Group in advanced powertrains, alternative energy, software, connected technologies and manufacturing, will accelerate innovation, open new frontiers for growth, and bring cleaner, smarter mobility solutions to customers at greater speed and scale, helping shape the future of commercial mobility.

Speaking on the occasion, Mr. Girish Wagh, MD & CEO, Tata Motors, said: "We are pleased to turn our strategic vision into an operational reality alongside our colleagues at Iveco Group. Together we have a compelling opportunity to create greater value for our customers and stakeholders. Our complementary portfolios, capabilities and geographic strengths provide a strong foundation for growth, while ensuring continuity from day one for customers, dealers and partners. Our ambition is to build a stronger enterprise by combining our strengths in engineering, new age technologies, sourcing, distribution and customer networks. We will accelerate innovation, broaden our reach and bring advanced solutions to customers faster and more competitively.”

United by a shared ambition for growth and green mobility, Tata Motors and Iveco Group will harness their combined scale, the talent of over 73,000 people and a two-way flow of engineering, technology and expertise to unlock the full potential of the combination.

Commenting on this fundamental milestone, Mr. Olof Persson, Chief Executive Officer, Iveco Group, said: “This is a defining moment for Iveco Group, and one we approach with confidence and great energy. We begin this new chapter proudly, with the brands, people, capabilities and industrial heritage that have shaped our company, alongside Tata Motors, a partner of great strength, with a deep understanding of the commercial vehicle business and a shared long-term perspective and commitment to sustainable transport. I want to thank our employees, customers, dealers, suppliers and partners for their trust and support. We now have the opportunity to build on everything Iveco Group has achieved, unlock new possibilities with Tata Motors and create an even stronger future.”

Strong Identities. Shared Ambition. Built for the Future.

The combination is founded on a clear principle: build on what makes Tata Motors and Iveco Group individually strong, while unlocking the greater possibilities they can create together.

Iveco Group will remain headquartered in Turin, Italy, with its brands, teams and industrial footprint retaining their distinct identities. Tata Motors will support Iveco Group’s existing strategy and investment plans, while both organisations collaborate to leverage their complementary strengths, deepen capabilities and create greater value for customers and stakeholders.

Global Scale. Worldwide Reach.

Together, Tata Motors and Iveco Group form a commercial mobility enterprise of significant global scale, with a presence in over 130 countries, sales volumes of ~590,000 units and combined revenues of ~€21 billion (INR 2,28,000 Cr.+).

This worldwide presence is supported by a strong industrial, innovation and customer network: 27 manufacturing sites, 25 R&D centres and approximately 9,300 sales and service centres.

Powering Mobility. Today and Tomorrow.

Across the combined enterprise, powertrain capabilities span the full spectrum: from conventional and established combustion technologies to natural gas to battery-electric, hydrogen and other emerging zero- and low-emission solutions.

This breadth of technologies, fuel choices and applications creates a powerful foundation to pursue multiple pathways to decarbonisation, addressing different customer needs and market realities while accelerating the transition towards cleaner commercial mobility.

For Customers. For Growth. For the Future.

The power of the combination lies in complementarity.

Tata Motors’ commercial vehicle portfolio spans sub-1-tonne to 55-tonne cargo vehicles and 10-seater to 51-seater mass-mobility solutions, with deep capabilities in India and high-growth emerging markets of Asia, Middle East & North Africa.

Iveco Group brings extensive capabilities across light, medium and heavy commercial vehicles and city and intercity buses, with strong positions across Europe and Latin America. FPT adds significant powertrain capabilities across on-road, off-road, marine and power-generation applications.

Together, this means more choice for customers: a broader range of vehicles, technologies and powertrain solutions, backed by the capabilities and reach to address increasingly diverse mobility needs.

Together, these strengths also create new possibilities to develop and deploy the next generation of commercial mobility solutions. Greater scale will help bring innovation to market faster and more competitively, while building on the distinct operational strengths of both organisations giving customers access to stronger technologies, capabilities, solutions and market reach across the combined enterprise.

Importantly, the growth opportunity extends beyond Tata Motors and Iveco Group. It creates a larger canvas for ecosystem partners - suppliers, dealers and distributors - to grow with the combined enterprise, access new markets and opportunities, and collectively deliver greater value to customers around the world.

73,000+ people. A larger world of opportunity.

At the heart of this new global enterprise are more than 73,000 people across Tata Motors and Iveco Group, bringing together deep experience, diverse perspectives and world-class capabilities.

For employees, the combination opens new opportunities for collaboration, learning and professional growth. Technology, engineering expertise, market knowledge and best practices will flow in both directions, enabling both teams to learn from each other, innovate faster and take proven solutions and capabilities to more customers and markets around the world.

Seamless Transition

For customers, dealers, suppliers and business partners, the transition is seamless. Existing customer contracts, dealer and supplier relationships, warranties, aftermarket commitments and captive financing solutions continue unchanged and are supported by the same dedicated teams and networks.

The Road Ahead

With strong roots in India and Europe and a significant presence across Latin America and other international markets, Tata Motors and Iveco Group now move forward with a shared ambition: to create a stronger, more innovative and more resilient commercial mobility enterprise, capable of leading through the profound transformation underway in transportation.

The immediate priority is continuity. The longer-term opportunity is greater: to use the combined strength of the two organisations to accelerate innovation, expand customer choice, create new growth opportunities and advance the transition towards cleaner, safer and more intelligent mobility.

About Tata Motors (Formerly TML Commercial Vehicles Ltd)

Part of the USD 180 billion Tata Group, Tata Motors Ltd. (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest manufacturer of utility vehicles, pick-ups, trucks and buses. Together with its subsidiary Iveco Group N.V., it is a global mobility enterprise with complementary brands, technologies and deep engineering expertise with a presence across 130+ countries and solutions spanning the entire spectrum of commercial mobility.

Backed by Tata Motors’ eight decades of leadership, the combined enterprise brings greater scale, technological depth and international reach to serve evolving customer needs and shape the future of mobility. Guided by its brand promise, Better Always, Tata Motors continues to engineer future-ready solutions that enhance customer experience and drive sustainable growth.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench among Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited, the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the NSE Ltd.

About Iveco Group

Iveco Group N.V. (EXM: IVG), a subsidiary of Tata Motors Ltd. and part of a leading global commercial mobility enterprise, is a major player in the automotive industry, built on a strong Italian heritage and with a consolidated international reach.

The Group channels decades of engineering excellence and innovation into sustainable mobility and customer driven technologies. Its five brands play a leading role in their respective domains: IVECO, a pioneering commercial vehicles brand offering heavy, medium and light duty trucks; FPT, a global leader in advanced powertrain technologies in the agriculture, construction, marine, power generation and commercial vehicles sectors; IVECO BUS and HEULIEZ, renowned for their mass transit, premium bus and coach solutions; and IVECO CAPITAL, the Group’s financing arm supporting them all.

Iveco Group employs 33,000 people and operates 16 industrial sites and 22 R&D centres. Further information is available at:
www.ivecogroup.com

^[1] By Truck Sales Volumes in >6 ton segment.

India-based Taisho Ventures receives SGD 1 million (~INR 7.4 crore) Under the DBS Foundation Impact Beyond Award To Scale

DBS Foundation announced SGD 3 million (approximately INR 22 crore) in funding for four purpose-driven businesses across Asia, including India’s Taisho Ventures (Khyaal), which will receive SGD 1 million (~INR 7.4 crore) under the DBS Foundation Impact Beyond Award.

These businesses tackle pressing social needs in ageing in Asia, from creating purposeful work and social connections for older adults to strengthening post-hospital care and enabling seniors to age in place.

Announced at the DBS Foundation Impact Beyond Dialogue – Regional Edition, the Impact Beyond Award, now in its second year, reflects a broader push to help societies adapt to longer lives by building resilience across generations and rethinking how people live, work and care.

India’s ageing population is growing rapidly, increasing the need for solutions that help older adults remain connected, engaged and independent. According to a 2025 UNFPA India and Observer Research Foundation report, India’s elderly population is projected to reach nearly 193 million by 2030.

Against this backdrop, Taisho Ventures is addressing the need for independence, greater engagement and social connection among older adults through Khyaal, India’s leading platform for senior citizens, with more than 5 million users.

About Khyaal

Built for people aged 50+, Khyaal is a technology-first, community-led, phygital platform offering services across physical, emotional, cognitive, social, financial and digital well-being.

Through its online and offline programmes, seniors can access yoga and fitness sessions, brain training, financial and digital literacy, cyber-safety programmes, competitions and hobby groups, as well as services such as e-commerce, health insurance and senior-friendly tours.

Its flagship national competition, 50Above50, provides seniors with a platform to showcase their talent, experience and passions.

“It is heartening to see the new cohort of DBS Foundation Impact Beyond Award winners applying design thinking and leveraging AI to address the growing needs of rapidly ageing societies. We hope the award will enable these innovative businesses to enhance their ability to deliver impact and catalyse systemic change; and in doing so, demonstrate how businesses can be a force for good.”

— Karen Ngui, Head of DBS Foundation

“Uplifting lives and livelihoods amid demographic change, technological disruption and evolving work and care needs takes sustained commitment. Immediate relief matters, but it must also open pathways to greater agency and lasting resilience. Together with our impact ecosystem, and with the expertise and commitment of our colleagues across DBS Bank, we fund multi-year programmes and holistically nurture Businesses for Impact that help communities face the future with confidence, regardless of life stage or circumstance.”

— Karen Ngui

“We are honoured to receive the DBS Foundation Impact Beyond Award. At Khyaal, we are focused on building an integrated ecosystem that enables seniors to lead healthier, more independent, and fulfilling lives. The recognition from DBS Foundation will help us build on our existing efforts, strengthen our platform, and extend the reach of our services to more seniors across Tier-2 and Tier-3 cities in India, while also expanding into geographies like Southeast Asia. We look forward to continuing to deepen our impact as we work towards making active ageing more accessible.”

— Hemanshu Jain, Founder & CEO, Khyaal

Reflecting its commitment to strengthening social and financial resilience across DBS Bank’s six key markets — Singapore, China, Hong Kong, India, Indonesia and Taiwan — the Foundation has, since its inception in 2014, impacted more than 13 million lives, supported 52 programmes and 180 Businesses for Impact, and mobilised 1.3 million DBS employee volunteer hours to date.

Beyond funding, DBS Foundation supports businesses through capability-building and ecosystem connections, while leveraging DBS Bank’s expertise, mentorship and networks to accelerate growth and impact.

Hyderabad-based Life Circle Health Services was among the winners of the inaugural DBS Foundation Impact Beyond Award in 2025, receiving SGD 500,000 (approximately INR 3 crore) to scale its eldercare services in India.

Other Winners from the Second Cohort

• Hon Yang Healthcare – Taiwan (SGD 1 million)
  Operates an integrated post-discharge care ecosystem connecting hospitals, physicians, pharmacies, nursing and long-term care providers, and assistive-device rental services. It supports more than 150,000 seniors, people with disabilities and rehabilitation patients.
• One Bite Design Studio – Hong Kong (SGD 500,000)
  Its Project House “Silver Power Hub” creates community spaces where seniors can connect, share their skills and access short, paid “mini-jobs”.
• Shanghai Fuyuan Elderly Care Service – China (SGD 500,000)
  Provides community-based eldercare that integrates health, rehabilitation and active ageing services, enabling seniors to age in place.

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About DBS Foundation

Established in 2014, DBS Foundation is committed to uplifting lives and livelihoods of those in need. It provides essential needs to the underprivileged and fosters inclusion by equipping the underserved with financial and digital literacy skills.

It also nurtures innovative social enterprises that create positive impact. It aims to bring hope to those with less today, so no one is left behind and we can all face the future with confidence.

In 2024, DBS committed up to SGD 1 billion over the next decade to support vulnerable communities and pledged to contribute 1.5 million employee volunteer hours over the same period.

Together with an ecosystem of like-minded partners, DBS Foundation seeks to create impact that goes beyond banking, beyond borders and beyond generations.

For more information, visit: www.dbs.com/foundation

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About Khyaal

Khyaal is India’s leading platform for senior citizens, with more than 5 million users.

Built for people aged 50+, the technology-first, community-led, phygital platform is centred around the different dimensions of senior well-being — physical, emotional, cognitive, social, financial and digital — along with a strong focus on purpose and meaningful engagement.

Through online and offline community activities, sessions and workshops, seniors can participate in yoga, fitness, brain training, financial literacy, cyber-safety and digital literacy programmes, alongside on-ground competitions and hobby groups.

They can also avail themselves of services like e-commerce, health insurance, digi-gold investments and senior-friendly tours.

Its flagship national competition, 50Above50, provides seniors with a national stage to showcase their talent, experience and passions.

The aim is to help seniors build connections, rediscover interests, develop confidence and find renewed purpose after retirement.

For more information, visit: www.khyaal.com

Sachin Tendulkar Invests in Metasports Interactive, the Company Behind the Game Hitwicket

Global cricketing icon Sachin Tendulkar became a strategic investor in Metasports Interactive, a mobile-first competitive sports gaming company. With this partnership, the company looks to grow its flagship cricket strategy title, Hitwicket, to 100 million downloads within the next 3 years.

Founded by Kashyap Reddy and Keerti Singh, the game Hitwicket has built a player base of over 20 million users across 120 countries since its launch in 2020. The game has witnessed a 100% growth in revenue in the last 6 months, with players spending an average of 51 minutes a day in the game.

Hitwicket is a leading competitive multiplayer cricket game that is built around strategic decision-making and brings tactical thinking to competitive cricket gaming. This emphasis on cricketing strategy drew Sachin Tendulkar to the game and influenced his decision to invest in Metasports Interactive. Tendulkar features across Hitwicket’s in-game experiences, content and brand activations.

Talking about the strategic association, Sachin Tendulkar said, “Hitwicket stood out to me for how it brings the strategic thinking behind cricket into the game. Cricket has always involved reading the bowler, assessing the field and deciding the right approach for every ball. Hitwicket captures that decision-making, going beyond reflexes to recreate how a cricketer thinks in the middle. The game translates that strategic dimension into an engaging experience for players. I enjoyed playing the game, believe in what the team is building, and that makes the association feel natural.”

Kashyap Reddy, Co-Founder and CEO, Metasports Interactive

Commenting on the association, Kashyap Reddy, Co-Founder and CEO, Metasports Interactive, said, “Hitwicket has built a distinct proposition in cricket gaming by making strategic decision-making central to the experience, and Sachin Tendulkar recognised this unique difference. Interacting with Sachin Tendulkar is helping us understand how elite cricketers think on the field and further improve the game engagement. Our 20 million players, spending 51 min per day in the game, demonstrate the engagement this approach can drive. Tendulkar’s belief in what we’ve built, together with the growth capital behind us, lets us take cricket strategy to every cricket fan in the world.

The partnership follows the USD 20 million user acquisition funding by London-based Metica in April 2026. Hitwicket’s strong monetisation metrics, deep player retention, and the consistent quality of its user acquisition data gave Metica the confidence to deploy capital at scale. Hitwicket has grown from an Indian cricket game into a global strategy title.

About Metasports Interactive:

Metasports is a mobile-first competitive sports gaming company building multiplayer sports games designed for long-term engagement and global scale. Its flagship title Hitwicket launched in 2020 blends deep, skill-based gameplay with mass-market accessibility. Hitwicket is the only Made in India game with more than 97% of its revenue generated through in-app purchases in India and International markets. Today, users spend ~51 mins daily on Hitwicket globally, comparable to the time spent by Football fans in the #1 Grossing Football game and 15 mins more than on Candy Crush.

With a long-term vision to create category-defining sports gaming franchises, Metasports is focused on shaping the future of competitive sports gaming on mobile. Operating with a player-first, performance-driven approach, the company maintains a strong focus on product quality, scale, and global impact, underscoring that India can build world-class gaming companies beyond casual or service-led products. Metasports has raised USD 20 million in UA funding from Metica (London). The startup is also backed by renowned cricket commentator, Harsha Bhogle. The game, designed as a skill-first, competitive multiplayer experience, has grown to over 20 million players across 120+ countries.

RealVantage Secures Hong Kong SFC Type 1 Licence, Strengthening Its Presence in Asia’s Leading Financial Hubs

Strategic expansion broadens access to global private real estate investment opportunities for Hong Kong’s professional investors, family offices and wealth managers

RealVantage (‘the Group”), a Singapore-headquartered private real estate investment platform, today announced that its Hong Kong subsidiary, RV HK Limited, has received a Type 1 (Dealing in Securities) licence (CE No. BXH385) from Hong Kong’s Securities and Futures Commission (SFC) in September 2026.

The licence marks an important milestone in the Group’s regional expansion and establishes a regulated presence in Singapore and Hong Kong, two of Asia’s major financial and wealth management centres. Under its licence conditions, RV HK Limited may deal in collective investment schemes and provide services to professional investors only.

Founded in Singapore in 2019, RealVantage has executed 171 real estate investments, of which 54 have been fully realised. The Group combines investment expertise, an established network of real estate partners and proprietary technology to connect investors with private real estate opportunities across developed global markets.

Hong Kong will serve as a strategic base for the Group to strengthen relationships with family offices, external asset managers, private wealth intermediaries and other professional investors, while expanding its regional distribution capabilities.

“Hong Kong is a natural next step in RealVantage’s regional expansion. As one of Asia’s leading wealth management centres, it has a sophisticated investor base looking for diversification and access to global private markets,” said Keith Ong, Co-founder and Group Chief Executive Officer of RealVantage. “Our ambition is to build a leading private real estate investment platform in Asia, bringing together institutional investment discipline, carefully selected opportunities and technology-driven accessibility. A regulated presence in Hong Kong is an important part of that strategy.”

Building a stronger regional investment platform

Through RV HK Limited, eligible professional investors in Hong Kong will be able to access collective investment schemes investing in private real estate, subject to the applicable offering terms and regulatory requirements. RealVantage Group will continue to undertake investment sourcing, due diligence, structuring and asset management, while RV HK Limited focuses on its licensed distribution activities and investor relationships in Hong Kong.

RealVantage’s wider platform provides access to different investment approaches, including real estate debt and equity, through deal-by-deal opportunities and professionally managed investment structures. Its investment focus spans sectors such as logistics, living, hospitality, data centres and other selected property strategies, with a disciplined approach to underwriting and risk management.

The Group believes that Hong Kong’s depth of private wealth, mature financial services ecosystem and connections to regional and international capital make it a logical market for long-term development. The expansion builds on RealVantage’s existing investment and operational foundations rather than establishing an entirely new investment capability.

“Our priority is to build enduring relationships with Hong Kong’s professional investor community, backed by a strong compliance culture and a clear understanding of investor needs,” said Ivan Ho, Chief Executive Officer of RealVantage HK Limited. “We will draw on the Group’s investment experience and technology infrastructure while maintaining the regulatory standards expected of a licensed Hong Kong intermediary.”

Focused on governance and long-term relationships

RealVantage’s investment process includes investment committee oversight, due diligence and monitoring through the lifecycle of each investment. In Hong Kong, RV HK Limited is subject to the SFC’s ongoing regulatory requirements, including applicable conduct, compliance, anti-money laundering and professional investor verification obligations.

The Hong Kong team brings experience across real estate investment, banking, capital markets and regulated financial services. Looking ahead, the Group intends to deepen its engagement with family offices, private banks, external asset managers and other professional intermediaries as it develops its Hong Kong business.

“We view Hong Kong as a long-term strategic market,” added Ong. “Our focus is not simply on expanding distribution, but on developing trusted partnerships and enabling professional investors build more diversified exposure to global private real estate.”

Adobe Unveils Adobe for Startups, Bringing AI-Powered Creative and Marketing Tools to Emerging Businesses

Adobe (Nasdaq: ADBE) — Building an enduring brand from the first spark of an idea takes hard work, creativity and the right technology to engage and win customers. Empowering people to bring those ideas and businesses to life is at the heart of Adobe’s mission.

Today Adobe is launching Adobe for Startups, a program designed to help early-stage companies build the brand, content and customer reach they need to turn an idea or product into a growing business.

As the global agentic software leader for creativity, productivity and customer experience, Adobe serves customers at every scale, from individual creators and small businesses to over 20,000 global enterprises, helping them create, communicate, produce content, build their brands and deliver customer experiences. Adobe for Startups brings that experience, along with Adobe’s latest AI and agentic capabilities, to founders from day zero.

Eligible startups receive 12 months of free access to Adobe Firefly Pro Plus, Acrobat Studio including Adobe Express Premium, and Semrush.

Why does brand matter from day zero?

If you’re a founder or entrepreneur, you know what it is to wear every hat. With a lean team and tight budget, you may be designing pitch decks, building websites, running campaigns and finding customers at the same time. Each touchpoint shapes how investors, partners and customers see your company.

AI is giving small teams new ways to move faster and accomplish more. You bring the vision, creativity and judgment, while Adobe's AI-powered tools and agents accelerate the work from idea to outcome.

Adobe for Startups brings together tools for creation, document productivity and marketing that help you move quickly without adding complexity. You can start with professional-grade Adobe technology designed to grow alongside your company.

What's included in Adobe for Startups?

• Create and scale content with Firefly Pro Plus: Adobe Firefly is an all-in-one creative AI studio that helps you move from ideas to creation across images, video and audio. With Firefly Pro Plus, you can access Adobe’s commercially safe models and leading partner models, plus Photoshop on web and mobile.
• Turn information into action with Acrobat Studio: Acrobat Studio brings together Adobe’s PDF tools, AI Assistant and Adobe Express in one offering. You can edit and share documents, extract insights, create polished presentations and collect signatures.
• Build your brand everywhere with Adobe Express Premium: Adobe Express is a quick and easy all-in-one content creation app that helps you create and publish content across channels. You can design social posts, marketing materials and brand assets using professionally designed templates.
• Understand how customers find you with Semrush: Semrush provides marketing and search intelligence to help you understand how your business is discovered online. You can measure how your brand shows up across traditional and AI-powered search, backed by real behavioral data and billions of observed AI responses.

As part of Adobe for Startups, you’ll have opportunities to learn from Adobe experts, connect with a community of peers and build your business through workshops and events. On Dec. 3, Adobe for Startups will host a hands-on “Brand on Demand” workshop with Artist and the Machine, where you can build a week of on-brand marketing content in real time using Adobe’s AI tools.

Who’s eligible?

If your startup was founded within the last five years and has raised less than $15 million in funding, you can apply here. Adobe will verify eligibility as part of the application process. Program terms, eligibility criteria and country availability apply.

Turn ideas into businesses

DataCurve is a fan identity and intelligence platform that helps sports, media and entertainment organizations turn fragmented audience data into lasting fan relationships and measurable revenue growth.

“Creativity is far more powerful when you understand who you’re creating for. We already use Adobe Firefly for creative assets, and we see an even bigger opportunity to bring DataCurve’s fan intelligence directly into the creative process. Imagine a global soccer club creating content that evolves throughout the season as it learns more about what each fan cares about. Adobe for Startups gives us the tools to start bringing that vision to life.” Aman Johar, Co-Founder and CEO, DataCurve

Gondola is building a digital credit and portfolio system for the social media and digital content industry. Since its earliest days, the company has relied on Adobe’s tools to build its brand, create content and establish its presence in a competitive market.

"Adobe has been part of how we work from day one. When you're launching a company, how you show up matters as much as what you build. Adobe for Startups helps founders get both right." Jared Kleinstein, Founder and CEO, Gondola

Oruk is a speech AI research lab building foundation models that understand not just what people say, but how they say it, including tone, emotion and delivery, giving developers the context to build more responsive voice products.

“We want to humanize speech AI by bridging the gap between emotion and technology. Adobe for Startups will help us grow Oruk’s brand, reach more developers and make our research easier to understand. We’re especially excited to use Adobe Express to turn complex speech AI research into short, visual demos that show people what they can build with our technology.”
Anastasia Zaporozhtseva, Data Specialist, Oruk

Mivi Powers Up: ₹200 Crore Hyderabad Facility Set to Boost Electronics Manufacturing

Homegrown consumer electronics brand Mivi has inaugurated a new ₹200 crore integrated research, development and manufacturing facility in Hyderabad, strengthening its domestic electronics manufacturing capabilities. The facility has been established through Avishakaran Industries Pvt Ltd, Mivi's parent company.

Mivi, founded in 2015 by Viswanadh Kandula and Midhula Devabhaktuni, is a Hyderabad-based consumer electronics brand known for its Made-in-India audio products, including earbuds, headphones, speakers and soundbars. The company has expanded into smartphones and continues to invest in domestic design, R&D and manufacturing capabilities.

Key Highlights

• Location: E-City, Tukkuguda, Hyderabad.
• Investment: ₹200 crore.
• Monthly Production Capacity:
  • 5 lakh (500,000) earbuds
  • 75,000 soundbars
• Employment: Approximately 2,500 people.

Strategic Significance

Mivi's new facility is expected to significantly enhance its manufacturing footprint across audio and consumer technology products while supporting the Government of India's Make in India and Aatmanirbhar Bharat initiatives.

The expansion comes as Mivi broadens its portfolio beyond audio products into the smartphone segment with the launch of the Mivi One 5G, positioning the new plant as a foundation for future growth in consumer electronics.

Management Commentary

According to Mivi Co-founder Midhula Devabhaktuni, the inauguration marks an important milestone as the company completes ten years of building products in India and remains committed to investing in technology and local manufacturing.

Overall, the new Hyderabad facility reinforces Telangana's growing status as an electronics manufacturing hub while helping Mivi scale production and expand into new product categories.

Meta Built Humanoid Prototype With Chinese Startup To Ramp Up Robotics Push

Meta has reportedly developed a prototype humanoid robot in partnership with Shanghai-based robotics startup Fourier, marking a significant step in the company's push into embodied AI and robotics. According to a report by The Information, cited by Reuters, Meta has already begun work on a second-generation version of the prototype.

The reported robot, internally known as "Max," was developed in roughly three months and is designed as a research platform rather than a commercial product. The prototype reportedly stands about 1.5 metres tall, weighs around 48 kilograms, runs on Nvidia's Jetson Thor chip, and features five-fingered hands capable of manipulating small objects. It also includes a display that can mimic facial expressions and built-in speakers.

Meta built a humanoid robot with China's Fourier.

The prototype, Max, reportedly took about three months.

~1.5 m, ~48 kg, running on Nvidia Jetson Thor.

Max 2 is reportedly underway.

Meta says it's for internal research, with no plans to sell. pic.twitter.com/FD6liWMJ58

— clankr (@clankrmedia) November 1, 2026

Meta's robotics team is said to have worked closely with Fourier in China during development. The project was reportedly showcased to selected Meta employees at an internal robotics summit, while a follow-up model, Max 2, is already under development with planned upgrades including improved dexterity, additional sensors, and better mobility.

Meta's initiative aligns with its broader strategy of extending artificial intelligence beyond software into physical systems. The company reportedly sees humanoid robots as a potential embodiment of its AI technologies, with long-term ambitions centred on assisting with household and everyday tasks. Meta has indicated that the project remains focused on internal research and experimentation and that it currently has no plans to commercialise the prototype.

The move places Meta among a growing group of technology companies pursuing humanoid robotics, including Tesla, Figure AI, Agility Robotics, and several Chinese robotics firms. As advances in AI continue, major technology companies are increasingly exploring how intelligent software can be integrated into physical robotic platforms.

Dispatch Network Raises ₹5 Crore Pre-Seed Round Led by Antler India to Boost Rider Earnings with AI-Powered Logistics

The Pune-based last-mile network is doubling its order volumes every month, with rider retention 80% better than the industry average.

Dispatch, a last-mile delivery network built around what a rider earns, has raised ₹5 crore pre-seed led by Antler India, with participation from angel investors Krishi Fagwani, founder of Thrive, Yashin Mahadevia and Parth Modwadhia. This is the company's first public funding announcement.

The problem

Every delivery app today has its own high-demand hours and likewise slack periods. The result is that riders spend much of their shift waiting or riding empty, up to 50% of their kilometres without an order. The rider pays for every one of those kilometres. Nobody pays the rider.

Dispatch's view is that the fleet that can sustainably pay riders the most will win supply, and the only way to pay more is to make every hour on the road more productive.

What Dispatch is building

Dispatch is building a foundation AI model for intracity logistics and mobility. It decides which order a rider should take next and where that rider should wait for the one after, sequencing work across platforms instead of reacting to one order at a time. Traditional fleets chase total order volume, while Dispatch is built to maximise what one rider can do. While other fleets let the rider choose which order they want to do, Dispatch, on the other hand, picks each order for every rider, which it says leads to better sequencing and a significant reduction in empty miles.

This approach has helped Dispatch outperform industry average rider retention numbers.

Dispatch’s Spatio-Temporal Foundation Model

The Large Logistics Spatio-Temporal Model is a foundation model for logistics and mobility, and it learns from viewing the city every minute with millions of parameters, unlike LLMs.

It assigns every order Dispatch delivers, and every decision, and what happened next, becomes training data.

Progress since the round

• 100,000+ deliveries since launch, doubling every month: 3,014 in June and 55,000 in October
• 3500 deliveries a day today.
• Two-thirds fewer empty miles
• Riders take home about 55% more a month, against the industry average.
• Rider retention is 80% better than the industry average.
• Launching the 2nd city, Mumbai, in November

Dispatch delivers for India's major food and quick-commerce platforms, including Zomato, Swiggy, Zepto, Instamart and BigBasket, and for hundreds of restaurants and stores, through its direct APIs and through ONDC.

"There's no chance of coming back empty-handed," said Rahul, 26, a Dispatch rider in Pune. "As soon as I come online, an order comes in fast; I don't have to go around empty looking for hotspots. I earn more because I save more."

What riders are saying

“Riders need more orders, but more importantly, they need the right next order. Every idle minute we remove goes back into a rider's earnings, and that's how we win supply. The last mile ecosystem is fundamentally challenged by design, with inefficiencies at every step. On one hand there is immense unmet demand due to rider shortages; on the other, riders ride up to 50% of their time empty, without an order. Every platform fights for supply; no one makes money. It's absurd. We're reimagining how the last mile works from the ground up; it needs to be fixed structurally across all stakeholders.”, Rajit Arya, Co-founder and CEO, Dispatch Network

“Most of the world's deliveries still run on rules someone wrote by hand. We're building the decision layer for last-mile delivery: which order, which rider, and where they should be next. Pune is our training ground, and every delivery makes the model sharper. The goal is simple: make every hour a rider spends on the road the best-paid hour they can find.”–Navneeth Kannan, Co-founder, Product and AI, Dispatch Network

“Most of last-mile delivery has been optimised for the platform. Rajit and Navneeth started from the rider, and that's what we backed. They've spent half a decade close to the people who actually make these deliveries, and in a few months' time, they've shown that a rider-first network can scale. If every hour on the road keeps getting more productive, supply will follow.” said, Nitin Sharma, Partner, Antler India

Use of funds

The funds will be used to grow the AI team behind LL[ST]M. Dispatch's next goal is 50,000 orders a day across five cities.

About Dispatch Network

Dispatch Network (Artem Network Private Limited) is a last-mile delivery network that uses proprietary AI to make every rider hour more productive. Co-founder Rajit Arya has worked in electric mobility since 2009 and has been working with delivery riders for the past 5 years. Co-founder Navneeth Kannan is a product architect and engineer with a decade in mobility systems. The company moved into last-mile delivery in 2026 and went live in Pune in June 2026.

India Lands World’s Largest Green Hydrogen Orders as Japan, Germany and Korea Line Up

India has achieved a major milestone in the green energy sector, with Indian companies signing the world's largest green hydrogen offtake commitments, totalling 5,55,610 metric tonnes per annum (MTPA). This positions India as a global leader in green hydrogen supply commitments.

Key Highlights

• 23 offtake contracts have been signed since the launch of the National Green Hydrogen Mission in 2023.
• 18 agreements were signed in 2026 alone, covering more than 4 lakh MTPA of green hydrogen equivalent supply.
• More than 70% of the contracted volume is earmarked for exports, primarily to Japan, Germany and South Korea.
• The projects are expected to attract around ₹90,000 crore (US$9.5 billion) in investment.

Major International Deals

• Reliance Industries signed a long-term green ammonia supply agreement worth over US$3 billion with Samsung C&T of South Korea, with deliveries expected from 2028.
• AM Green secured a long-term agreement to supply green ammonia to Germany through the H2Global mechanism.
• ACME Group signed a deal to supply 4,88,000 MTPA of green ammonia to Japan’s IHI Corporation, along with a separate green methanol supply agreement with Mitsubishi Gas Chemical.
• L&T and ITOCHU formed a joint venture to supply 3,00,000 tonnes of green ammonia annually to Japan.

Why It Matters

Green hydrogen projects typically require firm purchase commitments before financing can be secured. These signed offtake agreements provide the demand certainty required for project financing, making India one of the few countries with a large bankable pipeline of green hydrogen exports.

The commitments already account for roughly 11% of India's target to produce 5 million metric tonnes of green hydrogen annually by 2030 under the National Green Hydrogen Mission.

Bottom Line: India is rapidly emerging as a global green hydrogen export hub, with Japan, Germany and South Korea becoming major future buyers and billions of dollars in investment expected to flow into the sector.

Google’s AI Satellite Just Wrote a Poem From Space. Why That Matters Far More Than the Poem

A tiny three-line haiku transmitted from orbit may have marked the beginning of an entirely new era in computing. Google has successfully run an AI model aboard a satellite in space and received its response back on Earth, achieving what it calls the first-ever AI response from a data centre-class TPU operating in orbit.

The result was a simple poem:

Blue marble below
Data streams in silent grace
Starlight feeds my core.

While the haiku itself grabbed headlines, the real breakthrough lies behind the words. The experiment demonstrates that advanced AI hardware can receive instructions, process machine-learning workloads, and communicate results from space, bringing Google's ambitious vision of orbital AI data centres one step closer to reality.

The Milestone Behind the Poetry

The achievement comes from Project Suncatcher, Google's long-term research initiative exploring whether future AI infrastructure could be hosted in space instead of relying entirely on Earth-based data centres.

Google launched its prototype satellite aboard a SpaceX Falcon 9 rideshare mission carrying more than 100 spacecraft. After spending several weeks commissioning onboard systems and conducting preliminary tests, engineers were ready to attempt a real AI workload.

The task chosen was intentionally simple: generate a haiku about being in space.

Engineers transmitted the prompt to the satellite, where Google's Gemma 4 AI model was running on an onboard Tensor Processing Unit (TPU). The AI generated the poem and transmitted it back to Earth during a communication window, proving the system could successfully complete an end-to-end AI workflow in orbit.

Google described the event as Project Suncatcher's "Hello World" moment, a reference to the traditional first test performed when validating a new computing platform.

Why Run AI in Space?

At first glance, moving data centres into orbit sounds like science fiction. But Google's reasoning is rooted in a very real challenge: AI's growing appetite for energy.

As AI models become larger and more sophisticated, traditional data centres require enormous amounts of electricity and cooling infrastructure. Project Suncatcher is investigating whether space could eventually provide a scalable alternative.

According to Google, satellites in low Earth orbit can access near-continuous sunlight and may generate significantly more solar power than equivalent systems on Earth.

The company is exploring whether future networks of satellites could harness this energy to run large-scale machine-learning workloads in orbit.

The long-term vision involves constellations of interconnected computing satellites capable of sharing workloads through high-speed optical links.

In theory, such systems could reduce reliance on land, power grids and cooling infrastructure while opening entirely new possibilities for global AI computing.

What's Inside the Satellite?

The prototype spacecraft carries four Google Tensor Processing Units, the specialised AI accelerators used throughout the company's machine-learning infrastructure.

However, there is a significant limitation.

The satellite generates approximately 1 kilowatt of electricity, which is not enough to run all four TPUs simultaneously. Current power constraints mean only one TPU can operate at a time, and only for roughly 20 minutes during a communication pass.

Despite these constraints, Google's engineers have now demonstrated that a data centre-class processor can successfully perform AI inference in orbit.

The Real Test Is Just Beginning

Writing poetry was never the mission's ultimate goal.

The true purpose of Project Suncatcher is to answer a much harder question: Can advanced AI hardware survive and operate reliably in space?

Space presents several extreme challenges for modern electronics:

• Radiation exposure
• Extreme temperature fluctuations
• Vacuum conditions
• Limited power availability
• Difficult maintenance and repair environments

One of the biggest concerns is radiation-induced "bit flips", where energetic particles alter stored data and potentially corrupt computations. Google has already tested TPUs in particle accelerators on Earth, but real orbital conditions provide a far more meaningful assessment.

The company says its next series of experiments will focus on analysing how TPUs perform under prolonged radiation exposure and thermal stress in orbit.

These results could determine whether orbital AI infrastructure is merely an interesting experiment or a viable future technology.

What Comes Next?

Google's roadmap extends beyond a single satellite.

The company plans to launch additional TPU-equipped satellites as the next milestone for Project Suncatcher. Those spacecraft are expected to feature higher power generation and inter-satellite optical communication links that could allow multiple satellites to work together on distributed computing tasks.

The broader ambition is to move from a single experimental platform toward a networked orbital computing architecture capable of handling meaningful AI workloads.

Whether that vision can be achieved remains uncertain. The economics, engineering complexity, launch costs, reliability requirements and communication challenges remain formidable.

Still, the first step has now been taken.

More Than a Poem

The poem itself will not change the world. But what produced it might.

For decades, space technology has focused primarily on communication, navigation and Earth observation. Google's latest experiment points toward a future where satellites are not merely relays for information but active computing platforms performing sophisticated AI processing beyond the atmosphere.

Project Suncatcher remains an early-stage research effort, and many technical hurdles stand between today's orbital haiku and tomorrow's space-based AI infrastructure.

Yet the significance of this moment is difficult to ignore.

When a satellite looks down at Earth and writes, "Starlight feeds my core," it is not really showcasing poetry.

It is demonstrating that the next frontier in artificial intelligence may not be another data centre on Earth, but a computer floating hundreds of kilometres above it.

IN-SPACe Offers ₹67 Crore to Four More Indian Space Companies Under Technology Adoption Fund

New selections take the number of companies supported under TAF to seven, with ₹67.15 crore in funding offered for the development of critical indigenous space technologies

The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has selected Maharashtra-based Manastu Space, MumbaiSemi (IMumbai Semiconductor Pvt. Ltd.) and Inspecity Space Laboratories Pvt. Ltd., and Bengaluru-based VyomIC (AeroDome Technologies Pvt. Ltd.) for financial support under its Technology Adoption Fund (TAF). The latest selections will receive funding offers totalling ₹67.15 crore to develop indigenous technologies across satellite propulsion, in-orbit servicing, precision timing systems for space as well as ground applications and NavIC enabled GNSS System on Chip (SoC).

Under the latest round, Manastu Space, Mumbai has been offered ₹22.08 crore to develop an iodine-based Hall Effect Thruster for small satellites. The integrated propulsion system will combine a thruster, power processing unit and modular iodine feed and tank system. The use of solid iodine as a propellant is expected to eliminate the need for high-pressure tanks and simplify fuelling and integration, offering a more compact and cost-efficient alternative to conventional xenon-based systems. It is notable that only a few companies globally have either developed or in the process of developing Iodine based Hall Effect Thruster. Manastu will be the first Indian company to develop such technology.

Inspecity Space Laboratories has been offered ₹21.18 crore to develop a refuellable six-degree-of-freedom propulsion system for microsatellites. Designed around a green bipropellant architecture, the system will incorporate an integrated refuelling port and self-pressurised propellant arrangement. The technology is intended to support more flexible satellite manoeuvring and enable future in-space servicing applications.

VyomIC has been offered ₹12.55 crore to develop highly stable and secure clocks for space applications. The proposed system will combine miniature atomic clocks and high-performance oven-controlled crystal oscillators with adaptive filtering and advanced steering algorithms. Although the primary objective of this technology is to cater for LEO-PNT services, it can also find its application in the time requirement for satellite constellations, deep space exploration and compact space platforms.

MumbaiSemi has been offered ₹11.34 crore to develop an indigenous, multi-channel NavIC and GPS receiver system-on-chip (SoC) integrating RF and digital components. The reconfigurable chip is being designed for standard positioning and wideband applications, with the objective of strengthening domestic capabilities in satellite navigation receiver technology. The development of SoC is very significant for the proliferation of home grown NavIC system across all the Positioning, Navigation, and Timing (PNT) applications.

Commenting on the selections, Dr Pawan Goenka, Chairman, IN-SPACe, said, “The two spacecraft propulsion technologies are selected with an objective that these products are being developed for the first time in India and they a high commercial potential. The development of high stable and precision clock and time generation and the development of indigenous SoC for GNSS including NavIC is going to significantly reduce the dependence of foreign chipsets. Through these technologies, India can build a more complete domestic space ecosystem, expand industry participation and create export opportunities for Indian companies.”

The latest announcement builds on IN-SPACe's first selection under TAF in June 2026, when Astrobase Space Technologies, SatSure Analytics India and TM2SPACE Technologies were selected for funding to develop technologies spanning launch vehicle propulsion, Earth observation analytics and satellite navigation systems.

The selected projects will be implemented against defined milestones, with funding and progress monitored in accordance with the scheme's requirements. The support is intended to help companies advance technology development and bridge the gap between early-stage innovation and wider adoption.

The Technology Adoption Fund is an IN-SPACe initiative designed to support Indian non-governmental entities (NGEs) in absorbing, adapting and commercialising advanced space technologies. Through financial support for technology development and adoption, the scheme seeks to strengthen India's domestic space capabilities and enable greater participation by Indian industry in the growing global space economy.

ISRO Launches NVS-03, Boosting India’s Independent Space-Based Timekeeping Network

The Indian Space Research Organisation (ISRO) has launched the NVS-03 navigation satellite aboard the GSLV-F18 rocket from the Satish Dhawan Space Centre, Sriharikota. The mission is significant because NVS-03 will carry India’s third indigenous atomic clock into space, strengthening the country's independent timekeeping and navigation capabilities.

The NVS-03 satellite carries Indigenous Atomic clock, along with the procured Atomic clocks. It also includes L1 signal in addition to existing L5/S signals with Coverage over India land mass and a region extending 1500 km around Indian geopolitical boundary.

Why is this important?

Atomic clocks are the most accurate timekeeping devices available. Satellite navigation systems such as NavIC (Navigation with Indian Constellation) rely on extremely precise timing signals to determine location accurately. Even tiny timing errors can lead to incorrect positioning data.

What is “time sovereignty”?

Time sovereignty refers to a nation's ability to maintain and distribute its own precise time reference without depending on foreign systems. By deploying indigenous atomic clocks in the NavIC constellation, India reduces its reliance on external navigation and timing infrastructure, which is critical for sectors such as:

• Telecommunications
• Banking and financial markets
• Power grids
• Transportation
• Defence and strategic operations

To recall, in July this year India officially launched a secure “White Rabbit” precision timing network to disseminate Indian Standard Time (IST), reducing reliance on foreign GPS-based timing systems and strengthening critical infrastructure. 

These two initiatives are closely linked because they address different layers of India's sovereign timing infrastructure.

• NVS-03's indigenous atomic clock generates highly accurate timing signals in space through the NavIC satellite constellation.
• The White Rabbit precision timing network, developed to distribute Indian Standard Time (IST) across the country, acts as the ground-based dissemination system that delivers this precise time to users and critical infrastructure.

NVS-03's indigenous atomic clock generates highly accurate timing signals in space through the NavIC satellite constellation. The White Rabbit precision timing network, developed to distribute Indian Standard Time (IST) across the country, acts as the ground-based dissemination system that delivers this precise time to users and critical infrastructure.

Key features of NVS-03

• Third satellite in ISRO's next-generation NavIC series.
• Carries an indigenous atomic clock along with procured atomic clocks.
• Adds the L1 navigation signal alongside existing L5 and S-band services, improving compatibility with a wider range of user devices.
• Designed to provide navigation coverage across India and up to 1,500 km beyond its borders.

NVS-03

Bigger picture

The mission will help strengthen NavIC, India's regional alternative to GPS. NavIC was developed to ensure that India has an independent positioning, navigation and timing service fully under its own control, particularly important during emergencies or geopolitical tensions.

In short, NVS-03 is not just another satellite launch. It is a strategic investment in India's technological self-reliance, navigation capability, and control over precise national timekeeping.

While NVS-03 strengthens India's ability to generate precise sovereign time from space, the White Rabbit network ensures that Indian Standard Time is securely distributed across the country's critical infrastructure, creating a fully indigenous timing ecosystem.

Montra Electric Brings 15-Minute Rapid Charging to SUPER AUTO FX with Exponent Energy

Powered by Exponent Energy’s rapid charging technology, the 15-minute rapid-charge option cuts waiting time, so that customers spend more time on the road and more time earning. Available initially in Bengaluru, Chennai and Delhi NCR 

Montra Electric, India's full-spectrum electric commercial vehicle brand, today announced a 15-minute rapid charge option for the SUPER AUTO FX, its electric passenger three-wheeler, powered by Exponent Energy’s rapid-charging technology. The collaboration helps drivers minimise charging downtime and get back on the road sooner. This will be introduced initially in Bengaluru, Chennai and Delhi NCR, where customers can access compatible Exponent Energy charging hubs.

Fast charging is still uncommon in the L5M electric passenger three-wheeler category. With the SUPER AUTO FX, Montra Electric is bringing a segment-leading proposition to it: rapid charge in just 15 minutes.

The announcement follows from the thinking behind ‘Pehle Aap’, the philosophy that guides everything Montra Electric builds. It means putting the customer first, understanding the realities of their everyday work, and designing solutions around what matters to them. Behind it sits the brand's belief in Izzat: that those who earn their living behind the wheel of a SUPER AUTO deserve respect, and products that respect their time.

For these customers, range and charging downtime have a direct bearing on how much they can earn in a day. Every hour spent waiting to charge is an hour without a fare. Montra Electric listened to that challenge and worked with Exponent Energy to engineer an answer around it.

The SUPER AUTO FX already offers a 150+ km true on-road range, with the option of a 15-minute rapid charge. This makes the proposition even more compelling: less time waiting, more time on the road, and a greater opportunity to earn, without the worry of charging downtime.

Commenting on the launch Mr. Deependra Sharma, CEO, e-3W, Montra Electric (TI Clean Mobility), said, "Pehle Aap is how every conversation at Montra Electric begins. We start by asking what matters to our customer, and for the people who run a SUPER AUTO every day, and one of the biggest worries has been the time lost waiting to charge. The more the vehicle is on the road, the more customer can earn. A full charge in 15 minutes gives that time back to them. We did not see this as adding one more feature. We saw it as solving a real problem that our customers face, and that is what Pehle Aap means to us."

Commenting on the launch, Mr. Arun Vinayak, Founder & CEO, Exponent Energy, said, “We’re proud to partner with Montra Electric once again. Our work together in electric cargo three-wheelers has shown what’s possible when the vehicle and its energy ecosystem are designed to work together. We’re excited to now take this partnership into passenger mobility with the SUPER AUTO FX. Exponent’s battery technology, city-wide charging network and 2.25 lakh km battery warranty help make electric mobility more practical for drivers. Montra has brought a fresh design sensibility to the auto segment, raising the bar for what an Indian auto can look and feel like. We’re glad to bring our energy technology to it.”

Earlier this month, Montra Electric, Exponent Energy and Exponent ONE introduced ONE Pass, a fully variable, pay-per-use Energy-as-a-Service (EaaS) solution for Montra Electric's three-wheelers, further extending Montra Electric’s Pehle Aap philosophy by aligning energy costs with vehicle usage and making electric mobility more practical for the drivers.

SUPER AUTO FX: Built around the customer

Along with fast charging, the SUPER AUTO FX strengthens the overall product proposition with:

• 15-minute rapid charge, enabled through the collaboration with Exponent Energy
• 150+ km on-road true range
• 32% segment-leading gradability
• 60 Nm torque
• Hill Hold Assist
• Car-like start with a push button
• In-cabin light, 12v mobile charging socket
• Best in class warranty: 5 years / 2.25 lakh kms *
• Other comfort, convenience and performance features that reinforce the SUPER AUTO's customer-first proposition

Together, these features reflect a simple idea: technology should work for the customer, not the other way round.

SUPER AUTO FX customers can access rapid charging through Exponent Energy’s network of 200+ chargers across Bengaluru, Chennai and Delhi NCR.

About Montra Electric (TI Clean Mobility Private Limited, Murugappa Group)

Montra Electric (Company Name: TI Clean Mobility Private Limited) is a pioneering clean mobility brand from the Murugappa Group, one of India's oldest and most respected business conglomerates, with a legacy spanning 126 years. Drawing on deep expertise in converting 'Metal to Mobility', earned over decades of manufacturing high-precision automotive and industrial components for India and global markets, and a track record of building strong brands, Montra Electric has set out with a vision of clean mobility. The company operates under four business verticals: e-3Wheelers, e-Small Commercial Vehicles, e-Tractors and e-Medium & Heavy Commercial Vehicles. Montra Electric's fast-expanding portfolio includes India's first 55-tonne electric truck trailer RHINO, the 3.5-tonne small commercial vehicle EVIATOR, the last-mile passenger vehicle SUPER AUTO, the last-mile delivery solution SUPER CARGO and India's first electric tractor, E-27.

To know more, visit the official Montra Electric website: www.montraelectric.com

About Murugappa Group

A 126-year-old conglomerate with presence across India and the world, the INR 1,056 billion (₹105,582 crore) Murugappa Group has diverse businesses in agriculture, engineering, financial services and more.

The Group has 10 listed companies: Carborundum Universal Limited, CG Power & Industrial Solutions Limited, Cholamandalam Financial Holdings Limited, Cholamandalam Investment & Finance Company Limited, Coromandel International Limited, E.I.D.-Parry (India) Limited, NACL Industries Limited, Shanthi Gears Limited, Tube Investments of India Limited, and Wendt (India) Limited. Other major companies include Cholamandalam MS General Insurance Company Limited and Parry Agro Industries Limited. Brands such as Ajax, Hercules, BSA, Montra, Montra Electric, Mach City, Chola, Chola MS, CG Power, CG Semi, Shanthi Gears, CUMI, Gromor, Paramfos, Parry’s are part of the Group’s illustrious stable.

Abrasives, technical ceramics, electrominerals, electric vehicles, auto components, fans, transformers, signalling equipment for railways, bicycles, fertilisers, sugar, tea, and several other products make up the Group’s business interests.

Guided by the Five lights — integrity, passion, quality, respect, and responsibility — and a culture of professionalism, the Group has a workforce of 1,06,224 employees.

For more information, see www.murugappa.com

About Exponent Energy:

Exponent Energy, founded in 2020, is a Bengaluru-based full-stack energy company enabling safe and rapid charging for commercial EVs. The proprietary platform combines the battery pack, pump, and connector to deliver 0-to-100 charges in 15 minutes. With a mission to make electric the better energy choice, Exponent’s stack seamlessly integrates to deliver a holistic charging ecosystem. Its technology, built on standard lithium-ion cells, is scalable and adaptable across multiple commercial vehicle categories.

For more information, see: https://www.exponent.energy/