AM Intelligence Orders 9,000 NVIDIA Rubin GPUs to Launch Asia’s First Frontier AI Cluster in Hyderabad

AMI has placed binding order for ~9,000 NVIDIA Rubin GPUs deployed as Vera Rubin NVL72 rack-scale systems in its first AI Factory in Hyderabad, part of its 1 GW compute capacity globally

AM Intelligence ("AMI"), the AI infrastructure platform set up by Promoters of Greenko, is striving to become the World’s leading, intelligence infrastructure company, powering the AI economy through vertically integrated energy, compute and innovation.

AMI today announced first step towards this vision by placing a firm and binding order for Vera Rubin delivery in Q1 2027 at its first AI factory in Hyderabad. The order covers 9,000 NVIDIA Rubin GPUs deployed as Vera Rubin NVL72 rack-scale systems for the 30 MW of capacity and will make AMI’s Hyderabad AI Factory as one of the first frontier AI compute clusters in Asia.

The Hyderabad facility will be the first tranche of AMI's planned 1 GW of Compute-as-a-Service capacity across India, the United States, Finland and Malaysia. AMI plans to bring an initial 200 megawatts (MW) of capacity to market in the near term, involving capital expenditure of more than USD 8 billion.

Anil Chalamalasetty, Chairman, AM Intelligence, said: “For over two decades, we have focused on transforming electrons into value — addressing critical and emerging societal needs. Today, the electron-to-token opportunity allows us to take this capability further, converting power infrastructure into frontier AI compute at scale. Bringing latest generation NVIDIA Vera Rubin to India marks the next step in this journey and establishes AMI at the forefront of the emerging AI electron-to-token economy.”

By integrating NVIDIA Vera Rubin architecture with high-throughput RDMA over Converged Ethernet (RoCE) networking for fast, efficient data movement, and advanced storage systems, the Hyderabad AI Factory is being designed to run some of the world’s largest and most sophisticated AI models, including trillion-parameter models and next-generation agentic AI applications.

NVIDIA Vera Rubin NVL72 introduces NVFP4, a new low-precision computing format designed to run AI workloads more efficiently, alongside next-generation High Bandwidth Memory (HBM4). The architecture is designed to reduce AI inference token-serving costs by up to 10 times compared with the preceding NVIDIA Grace Blackwell generation. AMI’s Hyderabad AI Factory is being engineered to deliver approximately 450 exaFLOPS of NVFP4 inference compute, providing massive computing capacity for running advanced AI models at scale.

AMI: Building Toward 5 Gigawatts

Over the last two decades, our focus has been on electron valorisation, creating progressively greater value from energy across energy management, molecules and metals, and now AI tokens, the units of information processed and generated by AI models. This end-to-end approach has been central to our philosophy of addressing critical and emerging societal needs.

Today, intelligence has reached the status of permeating humankind’s lives on a daily basis. AMI, as a strategic builder of long-term heavy assets, will leverage its unique power solutions, capex advantage and access to next-generation NVIDIA AI infrastructure to deliver highly cost-competitive electron-to-token economics by integrating energy infrastructure with the computing capacity required to train and run AI models. This will enable wider deployment of AI with a collaborative service offering spanning across hyperscalers, neo cloud providers, sovereign AI initiatives, frontier labs, AI natives and local developer communities.

AMI is developing 5 GW of powered AI data centres across India, the United States and Europe. These facilities are being designed for high-density AI computing, using liquid cooling to manage the significant power and heat requirements of advanced AI chips, while allowing the infrastructure to accommodate successive generations of AI silicon. AMI also intends to bring 1 GW of Compute-as-a-Service capacity to global AI workloads with initial capacity of 200 MW coming online in short-term.

About AM Intelligence:

AM Intelligence (AMI) is building a full-stack AI infrastructure ecosystem spanning energy, data-center infrastructure, hardware, and customized AI models. Backed by Greenko's owned renewable generation and storage, AMI is developing gigawatt-scale, liquid-cooled compute capacity designed to serve global hyperscalers, frontier AI labs, enterprises, and India's sovereign AI initiatives — while widening chipset access for Indian developers building domestic and global AI solutions. AM Intelligence is developing 5 GW of powered AI data centres and 1 GW of Compute-as-a-Service across India, United States and Europe, with 200 MW of Compute-as-a-Service capacity coming to market in the near term.

AMI, promoted by the founders of Greenko, is building globally differentiated platforms across energy, molecules and AI with a focus on enabling next generation of intelligent infrastructure. On electrons, we are building a 50 GW energy infrastructure platform across 20+ states, spanning solar, wind, hydro and energy storage. We are also developing the world’s first interconnected energy storage platform, targeting 200 GWh of storage capacity across India.

On molecules, we are developing low-carbon molecule platform, including green ammonia, with a target of 5 Mtpa of green ammonia capacity across multiple locations in India. Our 1 Mtpa green ammonia project currently under construction is expected to be among the world’s largest RFNBO-compliant green ammonia facilities, supporting energy diversification for Global markets for multitude of use cases across power generation, mobility amongst others.

PULSUS to Scale ₹500 Cr Ameenpur AI Healthcare Hub, Supreme Court Clearance Paves Way for 6,000 Jobs

• Supreme Court grants PULSUS Ameenpur project ITeS Park and SEZ status
• Pulsus Group has reaffirmed its commitment to creating 6,000 direct jobs and indirect employment of 30,000 jobs at the ₹500 crore Ameenpur IT Park

PULSUS Group has announced plans to expand its Ameenpur AI Healthcare and Digital Innovation Hub, targeting a workforce of 6,000 direct and 30,000 indirect jobs as it scales operations at the 35-acre campus in Telangana.

The move follows a Supreme Court ruling that upheld the project's IT/ITeS and SEZ status, clearing the way for accelerated development and fresh investment. Pulsus said the decision provides the certainty needed to advance its plans in artificial intelligence, healthcare technology and digital services.

PULSUS is backing its expansion plans with a proven employment record. Parliamentary records under the India BPO Promotion Scheme show that Omics International part of Pulsus Group, generated 2,836 direct jobs by March 2022 and achieved the target of creating 6,000 jobs in Visakhapatnam, while supporting an estimated 30,000 indirect jobs. The records also recognize the company's Ameenpur operations, where employment has created about 1,500 of the 6,000 direct jobs.

With the legal status recently received from the Supreme Court, PULSUS has fast-tracked plans to scale the ₹500 crore Ameenpur campus into a major AI healthcare and digital services hub and increase its workforce to 6,000.

The Ameenpur project, located near Miyapur, was envisioned as a hub for technology and employment generation. Despite delays caused by legal and regulatory challenges, we remained committed to this vision. With the project now gaining ITES-SEZ status, our goal is to accelerate efforts to establish one of Telangana's leading AI Healthcare and Digital Innovation campuses, creating more than 6,000 high-quality jobs for engineers, healthcare professionals, researchers, and digital specialists. – Dr. Gedela Srinubabu, CEO, Pulsus Group.

For Telangana, the project represents another investment in sectors where the state has built a strong presence, particularly information technology, life sciences, healthcare innovation and Global Capability Centres (GCCs). The location near the Miyapur growth corridor is expected to strengthen the region's technology ecosystem while creating employment opportunities for graduates and skilled professionals.

Beyond employment generation, PULSUS plans to collaborate with universities, research institutions, healthcare organizations, startups and technology companies to develop an ecosystem supporting innovation, research and global service delivery.

The AI Healthcare hub is expected to drive demand for highly skilled professionals, including software engineers, AI specialists, healthcare data scientists, clinical research associates, bioinformatics experts and digital services professionals.

Industry analysts view the convergence of artificial intelligence and healthcare as one of the fastest-growing segments within the global technology market, with increasing demand for data-driven healthcare solutions, research support services and digital health infrastructure.

About PULSUS Group

Pulsus Group, through its global publishing, scientific conference, healthcare information, and technology businesses, serves researchers, healthcare professionals, academic institutions, and industry stakeholders worldwide. The Group’s operations span scientific publishing, healthcare technology, artificial intelligence, digital services, and international knowledge-sharing platforms.

Rajnath Singh Inaugurates DRDO’s Advanced Weapon System Complex, Launches Mission Sudarshan Chakra for Multi‑Level Missile Defence

Defence Minister Shri Rajnath Singh inaugurated an Advanced Weapon System Complex at the Defence Research & Development Laboratory (DRDL), part of the Dr APJ Abdul Kalam Missile Complex in Hyderabad. The inauguration marked a significant milestone in India’s defence R&D ecosystem, underscoring the nation’s commitment to technological excellence, strategic autonomy, and national security.

Strategic Significance of the Inauguration

• The new complex strengthens India’s indigenous missile development capabilities, enabling faster transitions from research to production.
• Shri Rajnath Singh praised DRDO’s Missile Systems & Strategic Systems Cluster for its pivotal contributions, noting that indigenous systems like Akash and BrahMos have proven India’s ability to compete globally.
• He emphasized that “strength is essential for peace, and self-reliance is the most reliable foundation for that strength.”

Operation Sindoor: Proof of Indigenous Excellence

• Indigenous missile systems performed exceptionally during Operation Sindoor, demonstrating India’s growing defence capabilities.
• Air defence played a decisive role, thwarting aerial threats and ensuring national security.

Mission Sudarshan Chakra: India’s Multi-Level Missile Defence

• Announced by Prime Minister Shri Narendra Modi during his 2025 Independence Day address, Mission Sudarshan Chakra aims to establish a three-layered missile defence system.
• The system will protect military installations, civil infrastructure, and critical assets, ensuring minimal inconvenience to citizens while providing robust national security.
• Rajnath Singh asserted that the system will deliver a “decisive punch whenever needed,” symbolizing India’s resolve to safeguard its sovereignty.

Building Resilience and Deterrence

• Resilience: absorbing shocks and bouncing back.
• Deterrence: instilling fear in aggressors.
• Modern warfare is being redefined by precision-strike capabilities, hypersonic weapons, autonomous platforms, AI, electronic warfare, and advanced sensors.
• India must remain alert, capable, and self-reliant in this evolving global order.

DRDO’s Role in Future Warfare

• DRDO has achieved numerous milestones in indigenous missile technologies, with successful tests of advanced systems and continuous progress in strategic and tactical programmes.
• Rajnath Singh urged DRDO to integrate production as part of development, reduce timelines, simplify manufacturing, and increase indigenous content.
• He called for an integrated ecosystem involving DRDO, the Services, industry, start-ups, MSMEs, and academia to accelerate innovation-to-production cycles.

Towards Aatmanirbhar Bharat in Defence

• Over the past 12 years, the Government has taken measures to promote R&D under the vision of ‘Make-in-India’ and ‘Aatmanirbhar Bharat’.
• Enhanced collaboration across DRDO labs, Defence PSUs, private industry, and academia has transformed India’s defence ecosystem.
• Rajnath Singh expressed confidence that DRDO will continue to strengthen national capabilities, reduce technological dependence, and enhance operational effectiveness.

Exhibition of Cutting-Edge Technologies

• Raksha Mantri explored a technical exhibition showcasing advanced weapon systems, indigenous missile platforms, and futuristic defence technologies developed by DRDO.
• Senior officials including DG (Missile & Strategic Systems) Shri U Raja Babu and DRDL Director Dr Ankathi Raju were present.

This inauguration is not just a technological milestone but a symbol of India’s resolve to remain resilient, self-reliant, and strategically prepared in an era of rapidly evolving warfare.

EBG Group Inaugurates Vajram Electric, an Integrated Manufacturing Platform for 11 Business Verticals

• The Hyderabad facility will expand from 25,000 to 50,000 sq. ft. over the next year, supporting EBG Group’s diversified verticals like electric mobility, rehabilitation technology etc.
• Backed by an initial investment of ₹25 Cr, the facility is expected to generate over 450 direct and indirect jobs.

EBG Group, one of India’s fastest-growing multi-sector business groups, has inaugurated Vajram Electric, a centralised manufacturing, assembly and distribution hub in Hyderabad, a move expected to generate over 450 direct and indirect jobs while strengthening domestic manufacturing capabilities and integrated supply chains. The facility will expand from 25,000 to 50,000 sq. ft. over the next year and support 11 of the Group’s business verticals through a unified multi-brand production platform. The project has been launched with an initial investment of ₹25 crore, with further expansion investments planned over the next phase of growth.

Brands

ACER Mobility

ebikeGo

Hard Rock

Nonstop Mobility & Rehab Store

Mexple (Nonstop)

Whill Mobility

Nuvun Pods

Daewoo Appliances

Brillen Space Engineering

Adhira & Appa Coffee

Tarzan Nature Retreat

Vajram Electric will function as a production and logistics hub for EBG Group’s diversified portfolio spanning electric mobility, rehabilitation technology, consumer electronics, construction, F&B infrastructure and sustainable hospitality. The company currently operates an advanced assembly facility on Hyderabad’s Outer Ring Road and functions as a fully integrated production and warehousing campus designed for scale, efficiency and faster market turnaround.

This is a defining milestone for EBG Group and a decisive step towards building a manufacturing-led growth engine. Vajram Electric is the strategic backbone of our entire operations. We are creating a platform that can support multiple high-growth sectors at scale. By centralising manufacturing, assembly and distribution, we are building an ecosystem that delivers speed, efficiency and consistency, enabling us to compete not just in India but in global markets with confidence,” said Dr Irfan Khan, Founder of EBG Group.

Hari Kiran, Co-founder, EBG Group, added, “Integrating manufacturing, warehousing and distribution under one framework gives us tighter operational control, better cost optimisation and faster turnaround times. It also ensures uniform quality across all our brands while allowing us to scale in a structured and sustainable manner. It is being built around zero-waste manufacturing, embedding sustainability into core operations as capacity scales and reinforcing EBG Group’s commitment to responsible growth.”

The upgraded facility is engineered to deliver significant production capacity, strengthening the Group’s ability to meet rising domestic demand while building export-ready manufacturing capabilities. The investment will be deployed in a phased manner towards automation, capacity expansion and systems integration, aimed at improving efficiency, reducing turnaround time and ensuring consistent quality across product lines.

Vajram Electric’s operations are supported by a growing national supply chain network, with logistics hubs in Ludhiana, Pune and Ahmedabad, and a fourth facility in Manesar set to become operational shortly. This network is complemented by a multi-channel distribution strategy, combining e-commerce with an expanding offline retail footprint to strengthen market access and last-mile delivery. The expansion aligns with India’s broader push towards strengthening domestic manufacturing and EV ecosystems, with increasing focus on reducing import dependence and building globally competitive supply chains. Leveraging its integrated, multi-brand platform, EBG Group aims to capture approximately 10% of India’s EV manufacturing market over the next five years.

About EBG Group

EBG Group is a multi-sector Indian conglomerate with a diversified presence across Mobility, Health, Realty, Lifestyle, Food, Services, Technology, and Education. From sustainable electric vehicles and physiotherapy-led wellness solutions to smart housing, hospitality, and traditional food experiences, EBG builds brands that combine innovation, sustainability, and human purpose. The Group’s Powerhouse hubs align business excellence with its core vision: People • Planet • Progress.

About Vajram Electric

Vajram Electric is the centralised manufacturing and logistics arm of EBG Group, founded in 2022 and headquartered in Hyderabad, India. Operating across imports, assembly, warehousing, and pan-India distribution, Vajram Electric serves as the production backbone for 11 EBG Group brands.

Infosys Lands Landmark $500M GCC Contract with Truist Financial

Infosys has secured a landmark $500+ million deal with US-based Truist Financial to establish and operate a Global Capability Centre (GCC) in Hyderabad under a five-year build-operate-transfer (BOT) model, reported Outlook Business on April 29 2026. The publication broke the story first, citing Mint’s internal sources.

According to the report, the deal marks one of the largest such engagements for Infosys, where it will build and operate a back-office hub for the client.

The centre will employ around 4,500 people, with 2,000 hires in the first phase, and will support IT, finance, HR, sales, and AI-driven operations.

About Truist Financial, it is one of the largest financial institutions in the United States, headquartered in Charlotte, North Carolina. It was formed in 2019 through the merger of BB&T Corporation and SunTrust Banks, creating a top‑10 U.S. bank by assets. Truist operates across retail, commercial, and wealth management segments, serving over 15 million customers.  

Key Deal Highlights

• Client: Truist Financial, 7th largest US bank
• Deal Value: $500+ million
• Location: Hyderabad, India
• Model: Build-Operate-Transfer (BOT) for 5 years
• Workforce: ~4,500 employees; 2,000 in phase one
• Functions: IT, finance, HR, sales, fintech, AI
• AI Integration: Infosys Topaz AI platform

Strategic Importance

• Largest GCC engagement for Infosys
• Expected $100M+ revenue in FY26 (~0.5% growth)
• Offsets Daimler/Mercedes-Benz revenue loss
• Strengthens Hyderabad’s GCC ecosystem

Industry Context

• AI-first GCC trend reshaping outsourcing
• Infosys to hire 20,000 freshers in FY27
• Peers cutting jobs; Infosys expanding AI-led hubs

Risks & Considerations

• BOT transition risk after 5 years
• Demand volatility across clients
• AI deflation may impact pricing

Takeaway

Infosys strengthens its role as a strategic partner for global banks, embedding AI-driven operations into GCCs. Hyderabad gains 4,500 jobs, reinforcing its rise as a global GCC powerhouse.

India–Sweden Cleantech Accelerator Hosts 27th Workshop in Hyderabad

The India–Sweden Innovations Accelerator (ISIA) successfully hosted its 27th workshop with the Swedish cleantech delegation in Hyderabad today, bringing together key industry leaders, technology providers, and sustainability experts to accelerate the deployment of innovative clean technologies in India.

The India–Sweden Innovations Accelerator (ISIA) is Sweden’s flagship bilateral initiative with India to drive cleantech and green energy collaborations. Supported by the Swedish Energy Agency and implemented in partnership with Business Sweden and CII–Sohrabji Godrej Green Business Centre, the program facilitates the entry of Swedish cleantech companies into India while enabling Indian industries to adopt globally proven sustainable technologies and deploy these at scale.

The 27th workshops in Hyderabad was organized by the Confederation of Indian Industry (CII) through the CII–Sohrabji Godrej Green Business Centre (CII-GBC), in collaboration with the Swedish Energy Agency and Business Sweden.

The event witnessed participation from 40 leading Indian companies, along with 7 leading Swedish cleantech companies, showcasing cutting-edge solutions across sectors such as energy efficiency, smart grids, IoT-enabled systems, clean mobility, advanced industrial material, resource optimization and many more.

Since its inception, the ISIA program has emerged as a cornerstone of bilateral cleantech collaboration, having:

• Introduced 80+ advanced clean technologies to the Indian market
• Enabled 250+ pilot and commercial projects across sectors
• Facilitated 50+ industry partnerships
• Supported the establishment of 7 local subsidiaries. 
• Engaged with over 1,500 Indian stakeholders

The workshop commenced with a welcome address by Mr. Gaurav Maheswari, Vice Chairman, CII Telangana and Managing Director, Signode India Limited, who emphasized that the global sustainability agenda has shifted decisively from commitments to implementation. He highlighted the growing demand within Indian industry for scalable, cost-effective, and deployable solutions to achieve decarbonization goals.

In the theme address, Mr. Pawan Tahlani, Head – New Delhi, Business Sweden, underlined the strong alignment between India’s rapidly growing energy needs and Sweden’s strengths in clean technologies, calling for deeper industry collaboration to accelerate the green transition. Highlighting India and Sweden’s shared vision for a Green Future leading opportunity in India’s energy transition and how this program can serve as a collaboration model for accelerating the transition.

Mr. Edgar Darbinyan, representing the Swedish Energy Agency, reinforced Sweden’s commitment to fostering international partnerships that enable large-scale deployment of sustainable technologies. Emphasised on how Swedish Energy Agency helps in promoting Cleantech Swedish companies and help India in its journey to energy transition through bilateral collaboration programs like ISIA and Lead IT 2.0 program.

In the concluding remarks, Mr. K. Muralikrishnan, Principal Counsellor, CII-Green Business Centre, emphasized that the transition to sustainability now requires execution at scale, supported by proven technologies and strong industry partnerships. He encouraged participants to translate discussions into actionable collaborations and pilot deployments.

The workshop featured a series of technical presentations from companies including Candela, ECAPS, Lixea, Waltero, Plexigrid and Affectus. The event also showcased success cases, including industry collaborations such as Krahn Specialty Fluids & Metalex Cryogenics Limited, followed by interactive sessions and discussions. Swedish companies presented innovative solutions tailored to India’s industrial and energy transition needs.

A key highlight of the event was the focused B2B meetings, enabling direct engagement between Swedish technology providers and Indian industry representatives to explore pilot projects, partnerships, and long-term collaborations. The ISIA platform continues to play a pivotal role in bridging global innovation with India’s industrial ecosystem, reinforcing both nations’ shared commitment to sustainable growth, industrial decarbonization, and a low-carbon future.

India Enters Global Rare Earth Value Chain with ARCI’s Nd-Fe-B Magnet Pilot Plant

India has taken a decisive step toward self-reliance in critical materials with the inauguration of a pilot plant for Nd-Fe-B (Neodymium-Iron-Boron) rare earth permanent magnets at the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), Hyderabad. The facility, established under the Department of Science and Technology (DST), marks India’s formal entry into the global rare earth value chain.

Made from Neodymium (Nd), Iron (Fe), and Boron (B), the Nd-Fe-B magnets are the strongest commercially available permanent magnets, widely used in electric vehicles, wind turbines, electronics, and defense applications. Known as super magnets, they are the strongest permanent magnets available today. 

A Strategic Milestone

The pilot plant was inaugurated by Prof. Abhay Karandikar, Secretary, DST, alongside Dr. R. Vijay, Director, ARCI, in the presence of eminent leaders including Prof. Ashutosh Sharma, Former DST Secretary and Chairman of ARCI’s Governing Council, Dr. S. K. Jha, Former CMD, MIDHANI, and Dr. Shivkumar Kalyanaraman, CEO, Anusandhan National Research Foundation (ANRF). The event drew participation from industry leaders, national institutes, and stakeholders across the innovation ecosystem.

Pilot Plant for the manufacture of Nd-Fe-B (Neodymium-Iron-Boron) rare earth permanent magnets at the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), Hyderabad

End-to-End Manufacturing Capability

The facility adopts a complete “strip-cast alloy to finished sintered magnet” approach, enabling India to develop a robust and indigenous manufacturing ecosystem. Nd-Fe-B magnets are indispensable in electric vehicles, renewable energy systems, consumer electronics, and advanced manufacturing technologies. By establishing this capability, India reduces dependence on highly concentrated global supply chains, which have long posed vulnerabilities for emerging economies.

Building Strategic Autonomy

Prof. Karandikar emphasized that the pilot plant is a critical step toward strategic autonomy in critical materials, particularly in the context of global supply chain disruptions and India’s growing demand for clean energy and advanced manufacturing. He noted, “As we work towards Viksit Bharat 2047, strengthening indigenous capabilities in critical technologies will be central to our development strategy. Initiatives like this help reduce dependence while enhancing resilience and competitiveness.”

Industry Collaboration & Innovation

The pilot plant is designed as a platform for technology validation, process optimization, and industry collaboration. It will support deep-tech startups, private sector participation, and translational research, accelerating commercialization of indigenous rare earth magnet technologies. Prof. Sharma highlighted its flexibility, noting that the facility will enable continuous innovation and product development.

Dr. Kalyanaraman outlined the Mission for Advancement in High-impact Areas (MAHA), which aims to accelerate critical technologies including India’s EV ecosystem, and invited private sector participation. Meanwhile, Dr. Vijay underscored ARCI’s vision of building a “mineral-to-market” ecosystem, spanning rare earth extraction to magnet manufacturing.

Towards Atmanirbhar Bharat

The establishment of this pilot plant is more than a technological milestone—it is a strategic enabler for India’s Atmanirbhar Bharat vision. By catalyzing industry participation, fostering innovation, and strengthening supply security, the facility positions India as a credible player in the global rare earth value chain. It will directly contribute to the growth of the electric mobility ecosystem, renewable energy adoption, and advanced materials manufacturing.

Granules India Expands R&D Footprint with Two CoEs at IIT Hyderabad for Peptides and Particle Engineering

Granules India Limited today inaugurated two advanced Centres of Excellence at the Technology Research Park of IIT Hyderabad: the Ascelis Center of Excellence for Peptide Development and Characterization and the Granules Center of Excellence for Particle Engineering.

The inauguration was led by Dr Krishna Prasad Chigurupati, Chairman and Managing Director, Granules India, Mrs. Uma Chigurupati, Executive Director, Granules India Limited & Prof. B S Murty, Director, IITH

Ascelis Center of Excellence for Peptide Development and Characterization, established under Ascelis Peptides, the CDMO arm of Granules, this Centre will drive the development of cosmetic, therapeutic, and pharmaceutical peptides. It is Ascelis’ first development and characterization facility in India and is equipped for primary, secondary, and tertiary structure characterization. The Center brings advanced analytical and process development capabilities in-house and will work in collaboration with our Swiss-based R&D facility Senn Chemicals, strengthening the group’s integrated global peptide offering and reducing reliance on external partners.

Granules Center of Excellence for Particle Engineering, This Centre will advance polymorph research, material science, and novel drug delivery systems, including amorphous solid dispersions. It replaces earlier external and ad-hoc development with a dedicated research platform that enables first-to-file opportunities, enhances formulation performance, and supports the creation of proprietary technologies for regulated markets.

Speaking at the inauguration, Dr Krishna Prasad Chigurupati, Chairman and Managing Director, Granules India, said: “Scientific excellence and rigorous research have always shaped our long-term strategy at Granules. The launch of these Centres of Excellence significantly strengthens our capabilities in peptides and advanced material sciences, areas that will define the next wave of pharmaceutical innovation. With specialised infrastructure and deep scientific expertise, we are enhancing our CDMO ambitions, accelerating breakthrough development, and building differentiated technologies that elevate our global competitiveness and deliver meaningful value to our partners and patients worldwide.”

About Granules India Ltd. (BSE: 532482, NSE: GRANULES)

Granules India Limited, incorporated in 1991 is a vertically integrated fast growing Indian pharmaceutical company headquartered at Hyderabad with best-in-class facilities and commitment to operational excellence, quality, and customer service. We are among the few pharmaceutical companies in the world to be present in the manufacturing of entire value chain – from Active Pharmaceutical Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), Finished Dosages (FDs) and Peptides CDMO. Our products are being distributed to over 300+ customers in regulated and semi-regulated markets with a global presence extending to over 80+ countries with offices across India, US and Switzerland. The Company has 11 manufacturing facilities out of which 8 are in India, 2 in the USA and 1 in Switzerland and has regulatory approvals from US FDA, EDQM, EU GMP, COFEPRIS, WHO GMP, TGA, K FDA, DEA, MCC, and HALAL. For more information about Granules India Ltd and its initiatives, please visit www.granulesindia.com

Fabex Steel Structures Inaugurates ₹120-Crore, 50,000 MT Pre-Engineered Building, and Steel Structures Unit in Telangana

• Targets ₹1,000-Crore Revenue with New Facility and Global Expansion.
• Plans to infuse additional ₹100-Crore Investment over the next 3 years.
• Plans to double its workforce to 800 as operations ramp up.

Hyderabad based Fabex Steel Structures today announced the commissioning of its second manufacturing unit at Chityal, near Hyderabad. Built with an investment of ₹120 crore and spread across 40 acres, the new unit marks a significant step in the company’s long-term capacity, and business expansion strategy.

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units. The company also operates a high-capacity plant in Vijayawada, supporting domestic and export demand for pre-engineered buildings and structural steel solutions.

Fabex plans to invest an additional ₹100 crore over the next 2–3 years to further enhance manufacturing capabilities and drive innovation. The new unit will focus on producing pre-engineered buildings for industrial applications including factories, warehouses, and logistics infrastructure.

We are aligning our capital deployment with market momentum across our product lines. The ₹100-crore follow-on investment over the next 24–36 months will focus on automation, throughput enhancement, and product diversification, said Venu Chava, Co-Founder and Managing Director of Fabex Steel Structures.

Founders along with Dignitaries during the inaugural

Mr.I V Ramana Raju, Co-Founder and CEO Lighting the lamp along with Mr. Venu Chava Co-Founder and Managing Director 

“With a combined annual capacity of 100,000 MT, we now have the scale to support multi-site PEB rollouts and turnkey design-to-installation projects across India and overseas. We are planning to diversify into new segments” said I V Ramana Raju, Co-Founder and CEO of Fabex Steel Structures.

Fabex, with a turnover of ₹ 463 Crore, employs 400 people and plans to double its workforce to 800 as operations ramp up. The company is targeting ₹1,000 crore in revenue over three years, backed by 70% client retention and expanding global reach.

Fabex exports to three continents, with key markets in North America, Africa, and the Middle East. The company is actively exploring new geographies to expand its global reach.

The inauguration of the new unit on Sunday saw the presence of Sri Vemula Veeresham, MLA Nakerekal; Sri Vasantha Krishna Prasad, MLA Mylavaram; and Sri Sriram Rajagopal, MLA Jaggayyapeta, along with industry stakeholders and dignitaries—highlighting Fabex’s growing contribution to India’s structural steel manufacturing landscape.

About Fabex Steel Structures: FABEX Steel Structures founded in 2020 is engaged in design, detailing, fabrication and installation of Pre-Engineered Buildings and Steel Structures. We are one of the leading solution providers with services ranging from design to installation serving several industries like warehouse, sugar processing, aerospace, heavy manufacturing, FMCG, electrical, food processing, automobile and many more. To know more https://fabexsteel.com.

India’s Aerospace Ambitions Soar as Tata and Safran Unveil Advanced LEAP Engine Facility in Hyderabad

Tata Advanced Systems Limited, one of India's leading private sector aerospace and defense solutions provider, in partnership with Safran Aircraft Engines, a world-leading commercial and military aircraft engine manufacturer, inaugurated their cutting-edge manufacturing facility at the Tata Centre of Excellence for Aero Engines in Adibatla, Hyderabad. The facility will produce complex rotating parts for the CFM LEAP engine, including cutting-edge machining and special processes under one roof.

The ceremony was held in the presence of Shri D. Sridhar Babu, Honourable Minister for Information Technology, Electronics & Communications, Industries & Commerce, and Legislative Affairs, Government of Telangana, along with senior officials from Tata Advanced Systems, Safran and government dignitaries.

The inauguration ceremony marks a significant milestone in the strategic collaboration announced in January 2024, when both companies signed a long-term agreement for the production of rotating parts for the LEAP engine, developed by CFM International, a 50-50 joint venture between GE Aerospace and Safran Aircraft Engines. LEAP engines, which power the majority of new generation narrowbody aircraft, continue to deliver on performance commitments, with 15% better fuel efficiency, much lower noise than previous generation engines and high utilization.

“Rotative Aeroengine components represent the pinnacle of aerospace technology and this world-class facility reflects our commitment to building advanced manufacturing capabilities in India and our proven ability to industrialize complex global aerospace programs,” said Sukaran Singh, Chief Executive Officer and Managing Director, Tata Advanced Systems Limited. “Being part of the LEAP program—among the world’s highest-selling engine platforms—underscores our focus on precision, quality, and excellence for the global aerospace supply chain.”

“Beyond its state-of-the-art infrastructure, this plant lies at the very heart of Safran Aircraft Engines’ Supply chain strategy: manufacturing closer to our markets, strengthening our supply chain resilience, and delivering to our customers the highest standards of quality, safety, performance, and sustainability”, said Dominique Dupuy, Senior Vice President Purchasing, Safran Aircraft Engines. "This is a significant milestone for both Safran Aircraft Engines and our partner, Tata Advanced Systems Limited which marks a new chapter in our partnership, driven by our shared commitment to industrial excellence and technological innovation in aerospace."

India represents the third-largest operator of LEAP engines globally, with 75% of Indian commercial aircraft equipped with CFM's advanced turbofan technology. To date, more than 2,000 LEAP engines have been ordered by Indian airlines, underscoring the critical importance of establishing robust manufacturing and support capabilities in the country.

The Tata Centre of Excellence for Aero Engines, established in 2018, has been purpose-built to manufacture complex aeroengine components for India and the global supply chain. The facility incorporates Industry 4.0 practices, featuring advanced precision-machining technologies and complex aeroengine special processes under one roof.

About Tata Advanced Systems Limited

Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons, is a significant player for aerospace and defense solutions in India. Tata Advanced Systems offers a full range of integrated solutions across: Aerostructures & Aeroengines, Airborne Platforms & Systems, Defense & Security, Land Mobility. Tata Advanced Systems has a strong portfolio of partnerships and joint ventures with leading global aerospace and defense firms, making it an integral partner in the international supply chain and in some instances, a global single source provider for leading defense OEMs. With the requisite capabilities, resources and scale, Tata Advanced Systems is equipped to deliver end-to-end innovative solutions throughout the entire aerospace and defence value chain from design to full platform assembly, and is well positioned in technologies that include missiles, radars, unmanned aerial systems, artillery guns, command and control systems, optronics and homeland security apart from world class protected mobility solutions. For more information: https://www.tataadvancedsystems.com or follow @tataadvanced on X and LinkedIn

Safran is an international high-technology group, operating in the aviation (propulsion, equipment and interiors), defense and space markets. Its core purpose is to contribute to a safer, more sustainable world, where air transport is more environmentally friendly, comfortable and accessible. Safran has a global presence, with 100,000 employees and sales of 27.3 billion euros in 2024, and holds, alone or in partnership, world or regional leadership positions in its core markets. Safran undertakes research and development programs to maintain the environmental priorities of its R&T and Innovation roadmap.

Safran is listed on the Euronext Paris stock exchange and is part of the CAC 40 and Euro Stoxx 50 indices.

Safran Aircraft Engines designs, produces, sells, alone or in partnership, commercial and military aircraft engines offering world-class performance, reliability and environmental-friendliness. Through CFM International, Safran Aircraft Engines is the world’s leading supplier of engines for short and medium-haul commercial jets. For more information: www.safran-group.com and www.safran-aircraft-engines.com / Follow @Safran and @SafranEngines on X

Eli Lilly to Invest Over $1 Billion in India to Expand Global Drug Manufacturing

Eli Lilly and Company today announced plans to invest more than $1 Billion over the next several years into new contract manufacturing in India, expanding patients’ access to innovative medicines around the world. This strategic investment will further strengthen the manufacturing and supply capabilities to support our evolving portfolio.

In addition, Lilly will establish a new Manufacturing & Quality presence in Hyderabad. This new hub will offer advanced technical capabilities and oversight for Lilly’s contract manufacturing network across India. Recruitment will begin immediately, with openings across roles such as engineers, chemists, analytical scientists, quality control and assurance professionals, and management positions. This initiative reflects Lilly’s intent to leverage India’s highly skilled talent pool to support its global manufacturing growth and deliver medicines to patients worldwide. Since 2020, Lilly has committed more than $55 billion to build, expand, and acquire facilities in the U.S. and around the world. These facilities and investments address growth from potential new medicines to treat diabetes and obesity, Alzheimer’s disease, cancer and autoimmune conditions and prepare for medicines of the future.

Shri A. Revanth Reddy, Hon’ble Chief Minister of Telangana, said, “Lilly’s continued expansion in Hyderabad highlights the city’s emergence as a powerhouse in global healthcare innovation. From the recent opening of its Innovation and Technology site to a new manufacturing collaboration and the establishment of a Manufacturing & Quality hub, Lilly is moving swiftly to expand its presence in Telangana — reinforcing the state’s position as a preferred destination for cutting-edge healthcare investments.”

Shri Sridhar Babu, Hon’ble Minister for Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs, Telangana, added, “Lilly’s expansion in Hyderabad is a testament to Telangana’s dynamic industrial landscape and its growing influence in advanced healthcare manufacturing. The state’s focus on technology-driven infrastructure and ease of doing business continues to attract global leaders across sectors and lifesciences sector in particular has been on accelerated growth.”

Nivruti Rai, Managing Director & CEO, Invest India, Ministry of Commerce & Industry, Govt. of India, said, "Lilly’s investment in India reflects not only the country’s rise as a competitive global manufacturing and innovation hub, but also Lilly’s own commitment to growth, innovation, and advancing healthcare worldwide. This partnership reflects confidence in India’s skilled talent, robust infrastructure, and business-friendly policies, while supporting Lilly’s journey as a global leader in life sciences. Together, we are shaping a stronger future for healthcare and manufacturing. We are proud to support Lilly’s growth journey in India and wish them continued success in the years ahead."

“We are making significant investments to increase manufacturing and medicine supply capacity around the world to help ensure patients have access to the medicines they need,” said, Patrik Jonsson, Executive Vice President and President Lilly International, Eli Lilly and Company. “Working with trusted contract manufacturers expands our capabilities to deliver life-changing medicines at greater scale — with quality always at the core. This investment reaffirms our confidence in India as a hub for capability building within our global network.”

With a longstanding presence in India, including a commercial site in Gurugram and specialized sites in Bengaluru and Hyderabad that serve as important hubs supporting global innovation, Lilly is reinforcing its commitment to the country through strategic investments in local talent and technical capabilities.

About Lilly

Lilly is a medicine company turning science into healing to make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help tens of millions of people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges: redefining diabetes care; treating obesity and curtailing its most devastating long-term effects; advancing the fight against Alzheimer's disease; providing solutions to some of the most debilitating immune system disorders; and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable.

Citizens GCC Joins Cognizant’s Flagship Outreach Program to Advance Rural Tech Talent in India

Cognizant (Nasdaq: CTSH) has announced that Citizens Financial Group’s Global Capability Centre (GCC) has joined its flagship Outreach program to advance skilling and employability for college students in rural communities across Telangana.

The program launched in Hyderabad in 2019 has reached over 4,000 students in Telangana, with 478 hired into technology roles at Cognizant—92% of them women. Nationally, the program has impacted 60,000 students through partnerships with more than 100 institutions, including colleges and nonprofits.

“Our Hyderabad GCC is designed as a hub for innovation and collaboration, and partnering with Cognizant’s Outreach program allows us to extend that purpose beyond business into communities,” said Michael Ruttledge, Chief Information Officer and Head of Enterprise Technology & Security, Citizens Financial Group. “This marks the beginning of our volunteering journey in India, and we are proud that our GCC associates will volunteer their time and expertise to help students unlock new opportunities and pathways to pursue careers in technology.”

As part of the collaboration, Citizens GCC associates will volunteer weekly to deliver a structured five-step employability training program for students in rural and tribal areas. The sessions will cover generative AI, communication and soft skills, life skills and include readiness for the AMCAT employability test.

“Cognizant Outreach is a powerful example of how our people bring purpose to life—using their mentoring skills to uplift communities and create pathways to opportunity,” said Surya Gummadi, President – Americas, Cognizant. “Our collaboration with Citizens’ GCC in Hyderabad strengthens this mission, combining shared values and collective action to equip students—especially young women in underserved areas—with the skills and confidence to thrive in technology careers. Together, we’re bridging the gap between skilling and industry, and scaling impact where it’s needed most.”

Launched in April 2025, the Citizens-Cognizant Global Capability Centre (GCC) in Hyderabad serves as a next-generation innovation hub supporting Citizens’ digital transformation and technology modernization. The GCC is expected to scale up to 1,000 IT and Data and Analytics professionals by March 2026.

Cognizant Outreach is a global, employee-driven volunteer platform focused on driving digital inclusion and supporting community development through initiatives in education, employability, and environmental sustainability.

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $217.5 billion in assets as of December 31, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,100 ATMs and approximately 1,000 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on X (formerly Twitter), LinkedIn or Facebook.

Aparna Enterprises Launches Asia’s Largest Home Design Experiential Destination in Hyderabad

Aparna Enterprises Ltd. (AEL), one of India’s fastest growing building materials manufacturers, has unveiled the Unispace Mega Store in Miyapur, Hyderabad, Asia’s largest experiential destination for home design and building solutions. Spanning 105,000 sq. ft. across two levels, this flagship store redefines the retail experience by offering an unparalleled range of categories under one roof. The launch marks a significant milestone in AEL’s retail expansion, adding to its growing network of Unispace showrooms in Jubilee Hills (Hyderabad), Bengaluru, Vijayawada.

The new Unispace destination brings together more than 20 categories of products and solutions, making it a one-stop platform for both B2B and B2C customers. It. represents a paradigm shift in how Indians design, build, and renovate their homes. Spread across two levels, the store features category-wise display zones including tiles and flooring, sanitaryware, bath fittings, modular kitchens, wardrobes, uPVC and aluminium windows + doors, electrical and lighting, appliances, construction materials, tools and machinery, outdoor furniture, landscaping solutions, and more.

A defining feature of the store is its immersive approach. Interactive zones, tech-enabled displays, and product demo areas have been created to enhance engagement, supported by a team of expert in-house design consultants. Customers can walk through fully functional apartment mock-ups, experience modular kitchens in action, and explore products through interactive digital displays. To strengthen industry connections, a dedicated events space has been built to host workshops, architect meets, and design seminars. For convenience, the store also houses a café, kids’ zone and EV charging stations.

The choice of Miyapur as the location highlights AEL’s forward-looking approach. With 150+ retail projects under development, excellent metro and ORR connectivity, and proximity to Hyderabad’s IT and industrial clusters, the store is strategically positioned to serve architects, designers, builders, and retail customers alike. With the building materials market in India projected to grow from USD 42.6 billion in 2024 to USD 64 billion by 2033, and globally at a CAGR of 6.2% from USD 929.8 billion in 2025 to USD 1,696.8 billion by 2035, this mega store is well-positioned to serve as a catalyst for the next phase of growth in housing, premium interiors, and sustainable construction.

Mr. Ashwin Reddy, Managing Director, Aparna Enterprises Ltd., “AEL’s transformation into a ₹2,000 crore enterprise has been driven by innovation, people-first practices, and heavy investment in R&D. The Miyapur flagship is a symbol of that journey, a place where international design meets Indian ingenuity. Our goal is not just to sell products but to deliver solutions built to last, enabling customers to design and build with confidence. This reflects our alignment with India’s aspiration to lead globally in quality, sustainability, and innovation.”

Ms. Aparna Reddy, Executive Director, Aparna Enterprises Ltd., “We are delighted to launch our 4th Unispace store, which is also the largest in India and among the biggest experiential destinations for home design and building solutions in Asia. As consumer choices evolve and buying habits shift, we wanted to create a space that offers everything under one roof — a place where customers can find inspiration, expert guidance, and world-class solutions to bring their vision to life. From premium Indian offerings to globally renowned products through our exclusive tie-ups, we have curated a portfolio that reflects both aspiration and trust. With this store, our aim is to redefine the way people experience and choose solutions for their homes”

Envisioned in alignment with the national Atmanirbhar Bharat and Make in India initiatives, the new flagship store emphasizes AEL’s belief in the strength of Indian products, supported by global technologies and local expertise. Backed by strong in-house R&D, the product portfolio is future-ready, durable, and sustainable, reflecting India’s growing role in global supply chains. By integrating global standards with Indian ingenuity, Aparna Enterprises is creating experiences that empower customers.

About Aparna Enterprises Ltd:

Aparna Enterprises Limited (AEL) is a part of the highly successful Aparna Group. Founded in the year 1990, AEL operates through a range of businesses in building material products, such as RMC (ready-mix concrete), uPVC windows and doors, floor and wall tiles, aluminium window and door systems and exterior façades, cold roll form products (steel reinforcements for uPVC windows and doors, cable trays, false ceiling channels) and elegant bath spaces and kitchens. Associated with several landmark projects for over 30 years, AEL is renowned for setting benchmarks in technology, research, design, and quality. Today, AEL is an acknowledged leader in providing specifiers, contractors, and stakeholders with a range of high-quality products manufactured to the highest standards. AEL can meet any specification criteria while ensuring full compliance with all protocols.

MERGEN Launches ServiceNow CoE in Hyderabad; Aims to Double the Talent in AI and Workflow Automation

• The CoE for ServiceNow established at a cost of $1,000,000, aims to accelerate project delivery, expand into two or more new industry verticals, and grow the certified talent pool.

MERGEN Corporates announced the launch of its largest ServiceNow (NYSE: NOW) Digital Workflow Center of Excellence (CoE) in Hyderabad, onboarding 50+ ServiceNow experts, and aims to double the headcount by beginning of 2026. Through this new CoE, MERGEN aims to provide comprehensive support to enterprises through its Now Platform®, seeking to streamline their operations, enhance efficiency, and drive growth.

Established with an initial investment of $500,000, the new Center of Excellence (CoE) spans a 150-seat facility at the MERGEN Global Delivery Center. An additional 8,000 square feet has been earmarked for future expansion, with a further $500,000 allocated, bringing the total planned investment to $1 million.

The new Center of Excellence (CoE) will generate over 50+ new roles in AI and Workflow automation over the next 12 months. The Center of Excellence is designed to support faster project delivery, enable entry into more than four new industry verticals, and scale ServiceNow certified talent pool to meet growing client demand.

Let to Right: Mr. Mahanth Mallikarjuna, Founder & CEO, MERGEN, Mr. Sudhakar Pennam Founder & CEO, Kairos Technologies Inc, and Ganesh S. Lakshminarayanan, Managing Director, ServiceNow India

As part of the ongoing expansion, MERGEN will further upgrade capabilities to transform and enable customers to leverage and scale digital workflow solutions using the Now Platform®. MERGEN already offers domain-centric solutions on the ServiceNow platform across financial services, insurance, healthcare, manufacturing, retail & hospitality, public sector, energy & utilities, and business services both in India and worldwide.

Mahanth Mallikarjuna, Founder & CEO, MERGEN, said, “The launch of our Center of Excellence for ServiceNow strengthens our commitment to delivering greater execution speed, operational efficiency, and business value for our growing client base. The CoE will focus on building industry-specific solutions, accelerating project execution through low-code and AIOps capabilities, expanding into new verticals, and growing our certified talent pool to support evolving client needs."

In his address Ganesh S. Lakshminarayanan, GVP, Sales and Managing Director, India and SAARC said “MERGEN’s new ServiceNow Center of Excellence comes at a critical moment in India’s enterprise AI journey. In our recently launched Enterprise AI Maturity Index that clearly shows 68% of Indian leaders are still defining the skills and strategies needed to fully leverage AI. MERGEN’s investment in talent, platform expertise, and industry-specific solutions plays an important role in supporting this evolution. We look forward to working together to help businesses simplify operations and unlock greater value through AI-driven transformation.”

The CoE will offer end-to-end implementation and managed services, supporting both greenfield and brownfield ServiceNow deployments. Its solution portfolio spans core modules such as ITOM, CSM, IRM, ITAM, SPM, AIOps, and industry solutions such as OTSM, TSM, PSDS, FSM, and ERP modernization, positioning Mergen to deliver tailored, scalable solutions across diverse business needs.

Mergen’s successful implementations include AI-powered telehealth in healthcare, optimized supply chain solutions in manufacturing and logistics, and cloud-based transformations in retail and telecom, which empower clients to overcome industry-specific challenges and achieve scalable growth.

About Mergen

Founded in 2015, MERGEN is a global technology services company offering software engineering, cloud-native development, ServiceNow and Salesforce implementation, analytics, and Workday consulting. With a team of 350+ professionals, MERGEN has delivered 800+ successful workload migrations and served 100+ clients across industries.

MERGEN Corporate Private Limited is a future-driven, leading technology services company enabling clients to shape digital transformation. ServiceNow (NYSE: NOW) is the leading digital workflow company, which delivers a better experience for customers and employees.

Tesla Rival BYD to Set Up Its First EV Factory in India Near Hyderabad

BYD, the world's largest electric vehicle manufacturer, is set to establish its first production facility in India near Hyderabad, Telangana. This move marks a significant milestone for India's EV sector, as Telangana will become the first Indian state to host a BYD factory. The facility is expected to produce up to 600,000 EVs annually within the next seven years.

The Telangana government has proposed three potential sites for the factory, and BYD representatives are currently evaluating them. This initiative could also lead to the development of ancillary industries manufacturing EV components, creating an automotive hub around Hyderabad.

BYD's entry into India comes at a time when the country is witnessing rapid growth in its EV market, with favorable policies and increasing demand.

Notably, BYD has a small assembly base in Tamil Nadu for electric buses. This facility plays a key role in BYD's strategy to establish a foothold in India's growing EV sector. While the current operations are limited in scale, the company has ambitious plans to expand its presence in India, including setting up a large-scale manufacturing facility near Hyderabad.

BYD's primary manufacturing hubs are in Shenzhen, Xi'an, and Changsha. These facilities produce a wide range of EVs, batteries, and components. BYD has a factory in Lancaster, California, focused on electric buses and trucks.

In Brazil, BYD has a facility in Campinas specializes in electric buses and solar panels.

When it comes to pricing, BYD's vehicles are generally more affordable than Tesla, making them accessible to a broader audience. Tesla's premium pricing targets a different segment.

BYD Vs Tesla

BYD has a significant edge in manufacturing scale, producing both EVs and batteries in-house. In 2024, it sold 1.79 million vehicles globally, surpassing Tesla's 1.37 million.

BYD's Blade Battery, a lithium iron phosphate (LFP) battery, is known for its safety, durability, and cost-effectiveness. Tesla, on the other hand, uses a mix of LFP and nickel-based batteries, focusing on energy density.

BYD dominates the Chinese market and is expanding rapidly in other regions, including India. Tesla leads in Western markets like the U.S. and Europe but faces challenges in markets with high import duties, such as India.

Both companies are pioneers in EV technology. Tesla is renowned for its autonomous driving features and software integration, while BYD excels in cost-efficient manufacturing and energy solutions.

Oaktree Expands India Presence with New Office in Hyderabad

Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments, opened the doors to its new office in Hyderabad, India, in HITEC City.

Oaktree’s decision to expand its operations in India underscores its commitment to the region and recognition of the exceptional local talent. This move will enable the firm to attract, retain, and develop Oaktree employees in Hyderabad, and deliver high quality service to both internal and external stakeholders around the world.

"We are thrilled to establish our presence in Hyderabad, a city known for its vibrant business environment, innovation, and skilled workforce," said Howard Marks, Co-Chairman of Oaktree, at the inauguration of the new office.  "Oaktree Hyderabad represents our steadfast dedication to operational excellence and our belief in the immense opportunities that India presents."

Oaktree’s leaders come together to celebrate the opening of the firm's new office in Hyderabad

The entrance of Oaktree's newly inaugurated Hyderabad office, marking the firm's expansion in India

Ajay Maddali has joined Oaktree as Human Resources Director for Hyderabad.  He will be instrumental in developing and implementing Oaktree’s local HR model and fostering the company’s culture.  Ajay brings a wealth of experience in HR and management consulting, most recently serving as Head of HR for India at Franklin Templeton.

“I am delighted to join Oaktree and contribute to this exciting expansion in India,” said Ajay Maddali. “Opening an office in Hyderabad signifies the tremendous long-term opportunities that Oaktree sees in India to scale its global operations, improve quality of service, and actively recruit top talent from the local community.”

Oaktree is one of the largest and most active investors in Indian private credit, having deployed more than US$4 billion since 2018.  The Hyderabad office is Oaktree’s second in India, following the Mumbai office, which opened in 2023 under the leadership of Gaurav Parasrampuria, Head of Asia of Oaktree’s Global Opportunistic strategy.  Oaktree has offices in 24 cities worldwide, including nine in Asia Pacific: Hyderabad, Hong Kong, Singapore, Sydney, Tokyo, Mumbai, Shanghai, Beijing, and Seoul.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with US$202 billion in assets under management as of December 31, 2024. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,200 employees and offices in 24 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

HCLTech Opens New Global Delivery Center in Hyderabad

Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana, today inaugurated HCLTech’s new global delivery center in Hyderabad. He was joined by Sri D. Sridhar Babu, Hon’ble Minister for Information Technology, Government of Telangana and C Vijayakumar, CEO & Managing Director, HCLTech.

Located in the Hi-Tech City, the 320,000 sqft facility will house 5,000 IT employees and comes with Gold Certification from the Indian Green Building Council, underscoring HCLTech's commitment to sustainable business practices.

Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana

Inaugurating the Delivery Centre, Sri Anumula Revanth Reddy, Hon'ble Chief Minister of Telangana, stated, “Telangana and Hyderabad are among the fastest growing states and cities in India. Over the past year, we have received the highest investments and today have the highest AI adoption in the country. We are committed to making Telangana a trillion-dollar economy under the Telangana Rising initiative. As a global company, HCLTech has made India proud. Today, with this new world-class facility, HCLTech will do great things out of Telangana.”

Sri D. Sridhar Babu, Hon’ble Minister for Information Technology, Government of Telangana, said, "Telangana is rapidly transforming into a trillion-dollar economy, driven by innovation, a skilled workforce, and a strong business-friendly environment. Over the past decade, our state has become one of India's fastest-growing technology hubs, attracting global leaders in AI, cloud, and digital transformation. We are investing $15 billion under the Telangana 2.0 Growth Vision to accelerate this growth, strengthening infrastructure, skilling, and innovation. Hyderabad remains a top choice for global companies, and HCLTech’s decision to expand its global delivery footprint here further reinforces our position as a leading tech destination. This new center will drive cutting-edge advancements from Telangana to the world."

Speaking on the occasion, C Vijayakumar, CEO and Managing Director, HCLTech said, “We are in the midst of an exciting phase of technology evolution led by AI. HCLTech’s full stack portfolio and our people are helping enterprises unlock the power of these emerging technologies. Hyderabad is a strategic location in our global network to deliver these solutions to our clients and support the growth of Global Capability Centers in the city.”

The state-of-the-art delivery center is HCLTech’s fifth facility in Hyderabad. Located in Hi-Tech City, the 320,000-square-feet center will accommodate 5,000 employees and come with Gold Certification from the Indian Green Building Council, underscoring HCLTech's dedication to sustainable business practices.

HCLTech has been present in Hyderabad since 2007 and employs over 10,000 people in the city.