Regency Fincorp Limited has announced an NCD Issuance of up to INR 110 crore through two private-placement offerings, comprising a INR 60 crore issue and a INR 50 crore issue. The Secured, Rated and Listed Non-Convertible Debentures are aimed at strengthening the NBFC’s funding base and providing additional capacity to support the expansion of its lending operations. As part of the NCD Issuance, the INR 50 crore tranche will comprise up to 50,000 NCDs, each carrying a face value of INR 10,000. The securities will offer a 13% annual coupon, payable monthly, with a 36-month tenure. The issue will be…
Author: Ranganathan
Researchers from VNR Vignana Jyothi Institute of Engineering & Technology (VNRVJIET), Hyderabad, in collaboration with the Indian Institute of Millets Research (IIMR), have secured an industrial design patent for an indigenous Millet Rotimaker, an automated roti-making machine designed specifically for millet-based rotis. The innovation aims to make millet-roti preparation faster, easier and more convenient for Indian households, addressing one of the practical challenges that can limit the regular consumption of millet-based foods. With the Government of India promoting ‘Shri Anna’ (millets) as part of a broader global food movement through initiatives led by ICAR-IIMR and the International Year of Millets…
Coimbatore is buzzing with technology and business activity as the 8th edition of Elektrotec 2026 opened today at the CODISSIA Trade Fair Complex. Organized by CODISSIA Intec Technology Centre, the four-day exhibition, being held from August 21 to 24, brings together more than 400 companies and industry participants to showcase innovations spanning electrical and industrial electronics, renewable energy, power electronics and electric mobility. The event provides a platform for businesses, technology providers and professionals to explore emerging solutions, exchange ideas and build new industry connections. The inauguration brought together industry leaders, technology professionals and other stakeholders, setting the tone for…
On Akshay Urja Diwas, as India turns its attention to the country’s accelerating transition from fossil fuels to renewable energy, Best Power Equipments (India) Private Limited (BPE) is highlighting the next critical piece of that transition: energy storage. India has crossed 291.73 GW of total renewable energy capacity, including an impressive 164.59 GW of cumulative solar capacity. As clean power generation continues to expand, BPE is focusing on the infrastructure needed to store that energy and make it available when demand arises. The smart power and energy solutions company is witnessing strong growth as businesses and industries increasingly seek dependable,…
Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, marking a significant solar financing milestone for the project. The Indian Renewable Energy Development Agency (IREDA) has sanctioned ₹1,135 crore in debt for the project. The solar financing secured from IREDA is expected to support the project’s ongoing development as construction work progresses according to the planned schedule. The project is expected to add to Uttar Pradesh’s growing renewable energy capacity once operational. The financial closure represents an important step in Hindustan Power’s renewable energy expansion and strengthens its focus on…
Juniper Green Energy Limited has secured a 230 MW renewable energy project from SECI, with the power to be supplied at a tariff of ₹5.26 per unit. The company has received the Letter of Award for a Firm and Dispatchable Renewable Energy (FDRE) project designed to deliver power on a Round-the-Clock (RTC) basis. The award follows SECI’s 1,000 MW FDRE-RTC tender, for which Juniper Green Energy emerged as the successful bidder for 230 MW in the e-Reverse auction held on August 6, 2026. The procurement model is aimed at addressing one of the key challenges of renewable power, which is…
The National Company Law Tribunal (NCLT) has allowed aircraft lessor Aviator ML 29641 Limited to withdraw its insolvency petition against SpiceJet after the two sides reached a settlement, providing the airline relief in one of the insolvency cases pending against it. The tribunal, however, came down heavily on both parties over the timing of the settlement disclosure. The settlement was brought before the NCLT after the matter had already been argued and was at the stage of pronouncement of orders. A special Bench comprising Judicial Member Mahendra Khandelwal and Technical Member Anu Jagmohan Singh allowed Aviator ML to withdraw its…
Hitachi Energy, a global leader in electrification has announced a USD 300 million investment in China to expand its manufacturing capabilities and meet the rapidly rising global demand for transformers. The investment will increase the company’s production capacity for power transformers and key components at its Hefei facility in Anhui Province, while also strengthening the resilience of the global transformer supply chain and helping address ongoing capacity constraints. The investment highlights China’s strategic role in Hitachi Energy’s global growth and supply chain strategy. It is part of the company’s USD 9 billion global investment programme, the largest in the industry,…
Data center reliability is no longer just about keeping servers running. For an operator, risk can begin with a cut fence, an intruder approaching a substation, an alarm no one trusted enough to investigate, or a rack that ran hot overnight. The cause may be different, but the consequence is often the same: an interruption to operations that can be costly. More than half of significant data center outages can now cost a company over $100,000, and roughly one in five exceed $1 million, according to the Uptime Institute’s 2024 Annual Outage Analysis. The industry often approaches data center protection…
LAPL Automotive Limited, which manufactures automotive components including lighting systems, mirrors, motors and plastic moulded parts, has announced two developments aimed at supporting its next phase of expansion. These include the commencement of construction of its fourth manufacturing unit and the receipt of three new vendor codes from leading automotive companies. Bhumi Pujan and Commencement of Construction of Unit IV The company has completed the Bhumi Pujan ceremony and commenced construction of its upcoming Unit IV manufacturing facility at Chhatrapati Sambhajinagar, Maharashtra. The ceremony was held at the project site in the presence of the company’s promoters, senior management and…
Bengaluru-based quantum computing company QpiAI has inaugurated a Quantum Foundry in the city, marking a new development in India’s efforts to build domestic capabilities for manufacturing quantum computing hardware. The facility forms part of a 70,000 sq. ft. research and development centre and brings quantum processing unit (QPU) manufacturing, testing and quantum solution development together, QpiAI says the facility is designed to manufacture superconducting qubits, peripheral chips and sensors used in quantum computing systems. QpiAI Quantum Foundry to Manufacture Superconducting Qubits According to the company, the facility can fabricate flip-chip-based superconducting quantum processors with up to 128 qubits. QpiAI has…
Tata Power, one of India’s leading integrated power companies, and the Indian Institute of Technology Bombay (IIT Bombay), a premier institution for science, engineering and technology research, have entered into a Master Research Agreement (MRA) to establish a long-term strategic partnership. The collaboration aims to accelerate the scaling and commercialization of lab-scale innovations in next-generation energy technologies and advanced clean energy solutions, helping translate cutting-edge research into real-world applications. The agreement was signed at the IIT Bombay campus by Dr. Praveer Sinha, Chief Executive Officer & Managing Director, Tata Power, and Prof. Shrikrishna V. Kulkarni, Dean (Research & Development), IIT…