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HAL, Safran Sign Long-Term LEAP Engine Pact

Hindustan Aeronautics Limited and Safran Aircraft Engines have signed a long-term agreement to produce near-net-shape turbine ring forgings in superalloys for the CFM LEAP engine, to be manufactured at HAL’s Bengaluru ring-rolling facility as part of expanding their longstanding partnership and HAL’s footprint in the global civil aerospace market.

5 sources

Temasek Plans $10B India Investment Over Three Years

Temasek plans to invest about $9-10 billion in India over the next three years, broadening its exposure into industrials and artificial intelligence while maintaining bets in consumer, financial services, and healthcare. The $42 billion-strong India portfolio is being positioned for long-term growth with continued emphasis on AI, renewables, and domestic-market strengths, including a target to raise AI share to roughly 15% of its global portfolio by 2031.

9 sources

Photo: pgegreenenergy / Wikimedia Commons (CC BY 2.0)

GreenLine, Dabur India to deploy LNG trucks nationwide

GreenLine Mobility Solutions and Dabur India have announced a partnership to deploy LNG-powered trucks across Dabur's logistics network, aiming to decarbonise long-haul road freight while preserving operational efficiency and reliability. GreenLine, an Essar Group venture with a large LNG/electric fleet and over 1,000 vehicles, says the collaboration reflects a broader momentum in India toward low-emission freight solutions and sustainable supply chains.

7 sources

CSB Bank Q1 profit rises; shares fall

CSB Bank posted a strong Q1FY27 with net profit of ₹150 crore, up about 26% YoY, supported by a 26% rise in net interest income to ₹479 crore and total income of ₹1,516 crore; deposits and advances grew around 26% and 24% respectively, aided by a 47% jump in gold loans. However, asset quality softened slightly to gross NPA 1.75% and net NPA 0.39% while provisions rose to ₹49 crore, and the stock fell about 5–7% following the results.

10 sources

Photo: Edumentoreducational / Wikimedia Commons (CC BY-SA 4.0)

Bandhan Bank shares plunge on RoA downgrade

Bandhan Bank’s shares slid around 10-15% as the lender cut its FY27 exit return-on-assets guidance to 1.2-1.4% from 1.6-1.8%, citing external pressures such as tighter liquidity and higher opex. Despite a 1Q profit jump driven by lower provisions, investors focused on the downgraded RoA outlook and a possible lag in NIM recovery, with analytics noting mixed technical signals and ongoing weakness in near-term price action.

17 sources

BCCL Falls on Q1 Loss; Volume Surges

Bharat Coking Coal Ltd posted a net loss of ₹68 crore in Q1 FY27 as revenue declined about 3-4% and off-take fell roughly 14%, triggering a share price slide of around 7-8% to the mid-₹30s with heavy trading volume. The company also began commercial operations of the 2 MTPA Bhojudih Coal Washery in May, while markets overall remained weak and the stock showed mixed near-term technical signals.

9 sources

Photo: Daniel Torok / Wikimedia Commons (Public domain)

Trump Expands Generics Tariff, India Impact Highlighted

President Donald Trump unveiled a phased tariff plan for imported generic drugs, imposing a zero tariff for two years starting August 1, 2026, then escalating to 100% for one year and 200% thereafter to push onshoring of U.S. production and penalize companies that don’t build domestic facilities. The move expands the administration’s pharmaceutical trade policy after an earlier Section 232 action and signals potential broader application beyond generics to reshape drug supply chains.

42 sources

Apple Launches Klarna-backed Upgrade Leasing

Apple is launching the Apple Upgrade device-leasing program, backed by Klarna, set to debut in the U.S. on July 28 with 24-month leases for iPhone and Apple Watch and 36-month leases for Mac and iPad, allowing early upgrades, payoff, or returns as it phases out the current iPhone Upgrade Program. The move, aimed at expanding financing options and customer access to the latest devices, accompanies exclusions such as AppleCare and some devices, and signals Klarna’s growing role in Apple’s device-financing strategy.

23 sources

Boeing Merlinhawk Sign In-Country EO/IR Support

Merlinhawk Aerospace and Boeing Defence India have formalized an in-country sustainment partnership to maintain and support advanced EO/IR systems on Indian defence platforms, leveraging Merlinhawk’s Bengaluru WESCAM Centre to cut turnaround times and boost fleet availability and mission readiness. The pact reinforces India’s self-reliance and indigenous MRO capabilities, with a focus on the Indian Navy’s P-8I and broader defence applications under the Atmanirbhar Bharat framework.

5 sources

Photo: Jan2342342423 / Wikimedia Commons (CC0)

Microsoft funds Mistral Europe expansion

Microsoft and French AI firm Mistral are expanding a multibillion-dollar partnership to deploy Mistral’s Europe-based GPU infrastructure and open models across Azure, Azure Local, and Foundry, boosting European capacity while preserving access to U.S. software and security features. The deal aims to reduce reliance on U.S. technology, support regulated industries, and accelerate broader deployment of Mistral’s Medium 3.5 and OCR 4 models, with Nvidia GPUs and European data sovereignty at its core.

15 sources

Adani Total Gas Q1 Profit Drops 14%

Adani Total Gas posted Q1 FY27 revenue of ₹1,907 crore and a consolidated net profit of ₹142 crore, with profit dipping year-on-year due to higher gas procurement and operating costs that compressed margins (EBITDA around ₹270 crore and a 14% margin). Revenue growth supported by expanding CNG/PNG networks and volume, while costs rose and profitability came under pressure.

9 sources

Teja Engineering Secures ₹18 Crore ONGC O&M Contracts

Teja Engineering Industries has won two ONGC O&M contracts totaling about ₹18 crore, including a ₹15 crore three-year LP gas compression facilities contract at Mandapeta and Tatipaka under the Rajahmundry asset and a ₹3 crore six-month award at Ankleshwar for GCP-I, GCP-IV and GCS Motwan. These wins extend Teja’s ONGC relationship and bolster its long-term revenue visibility by expanding its service portfolio across India's gas infrastructure assets.

5 sources

Samsung establishes RX Office to advance robotics

Samsung is establishing the RX (Robotics eXperience) Business Promotion Office, reporting directly to the CEO, to unify dispersed robotics capabilities and push robotics as a core growth driver across consumer and industrial domains. It will build a data factory at the Gumi plant, create global research hubs in the US, China, and Japan, recruit leading talent, and coordinate mid- to long-term strategy, technology development, and commercialization to accelerate field deployment of intelligent robots.

23 sources

Photo: Sherm for Disabled And Here / Wikimedia Commons (CC BY 4.0)

30 Sundays reports $6.7 million Series A to fund AI travel expansion

Gurugram-based travel tech startup 30 Sundays has raised about ₹61 crore ($6.7 million) in a Series A led by Bessemer Venture Partners, with participation from Info Edge Ventures and Eximius Ventures, boosting its total funding to around $7.5 million. The funds will accelerate AI-driven itinerary planning, product development, and brand-building while expanding into new international markets such as Georgia, Azerbaijan, Kazakhstan, and the Philippines, following recent launches in New Zealand and Mauritius, and a reported annualised gross booking value of roughly ₹200 crore across Bali, Vietnam, the Maldives, and Thailand.

7 sources

Transition VC launches ₹1,500 crore Fund II

Transition VC has launched Fund II with a target corpus of ₹1,500 crore to back around 20 engineering-led startups in the energy transition, advanced manufacturing and related deeptech, with investments of about $2-5 million over four years starting in Q3 FY27. The fund follows a successful Fund I (₹723 crore) that delivered roughly 57% IRR, over 3x MOIC, and zero write-offs, and expands the thesis to include energy networks, storage, and niche areas like nuclear and geothermal energy infrastructure for a more integrated portfolio.

8 sources

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Recently covered

HAL, Safran Sign Long-Term LEAP Engine Pact

Temasek Plans $10B India Investment Over Three Years

GreenLine, Dabur India to deploy LNG trucks nationwide

CSB Bank Q1 profit rises; shares fall

Bandhan Bank shares plunge on RoA downgrade

BCCL Falls on Q1 Loss; Volume Surges

Trump Expands Generics Tariff, India Impact Highlighted

Apple Launches Klarna-backed Upgrade Leasing

Boeing Merlinhawk Sign In-Country EO/IR Support

Microsoft funds Mistral Europe expansion

Adani Total Gas Q1 Profit Drops 14%

Teja Engineering Secures ₹18 Crore ONGC O&M Contracts

Samsung establishes RX Office to advance robotics

30 Sundays reports $6.7 million Series A to fund AI travel expansion

Transition VC launches ₹1,500 crore Fund II