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Shastra VC launches $100 million fund to back deeptech, AI startups

Shastra VC launches $100 million fund to back deeptech, AI startups

Economic Times

Shastra VC just launched a big $100 million fund for new tech companies! They're focusing on areas like AI and defence. Partner Avijeet Alagathi said, "India is at an inflection point for deeptech." This shows lots of money is flowing into smart, new ideas being built right here.

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Varun Beverages, PepsiCo India extend bottling pact till 2049, gets wider business freedom

Varun Beverages, PepsiCo India extend bottling pact till 2049, gets wider business freedom

Economic Times

Varun Beverages just got a big win! They've extended their deal with PepsiCo in India all the way to 2049, which is ten years longer than before. Plus, PepsiCo removed a rule that stopped Varun Beverages from doing other business. This means they have "wider business freedom" now.

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HyFun Foods ties up with Adani Logistics, shifts frozen exports from 40 trucks to rail corridor

HyFun Foods ties up with Adani Logistics, shifts frozen exports from 40 trucks to rail corridor

@businessline

HyFun Foods is now sending its frozen potato exports by train instead of trucks! This big change, working with Adani Logistics, means one train can do the job of 40 trucks. They hope this will save fuel, cut costs, and help the environment. As they said, "this collaboration will further strengthen our export capabilities."

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Align Technology to invest ₹1,800 cr in Telangana

Align Technology to invest ₹1,800 cr in Telangana

@businessline

Global dental firm Align Technology is investing ₹1,800 crore in Telangana for its first Indian manufacturing site. This facility, set to start in 2027, will create over 300 jobs and boost the state's MedTech sector. Telangana Minister said, "growing global confidence in our state's strengths."

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India launches Rs 2,600 crore Chenab projects amid Indus treaty freeze with Pakistan

India launches Rs 2,600 crore Chenab projects amid Indus treaty freeze with Pakistan

Firstpost

India's pushing ahead with big water projects on the Chenab River, worth about Rs 2,600 crore. This is happening after they put the Indus Waters Treaty with Pakistan on hold. One big project is a tunnel to move water from Chenab to the Beas. The government said, "we are eyeing growth" in hydropower.

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75.5% of Indians lack a retirement plan, while 77% avoid financial advice: 1 Finance survey

75.5% of Indians lack a retirement plan, while 77% avoid financial advice: 1 Finance survey

mint

Most Indians aren't ready for retirement, with 75.5% lacking a plan and 77% avoiding advice. A survey found many feel confident about retiring comfortably anyway. Animesh Hardia said, "Retirement planning in India suffers from something I'd call a confidence anaesthesia." This disconnect leaves many financially vulnerable.

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Transmission delays hit India's green push; 300 GWh RE curtailed in Q1

Transmission delays hit India's green push; 300 GWh RE curtailed in Q1

Financial Express

India's clean energy goals are facing a big hurdle! In early 2026, about 300 GWh of renewable power was wasted because the electricity lines couldn't handle it. An expert said, "India's renewable energy curtailment...is beginning to reach materially significant levels." This means building power lines is falling behind adding new green energy sources.

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Adani Total Gas appoints Sanjay Pandita as CEO, effective May 22

Adani Total Gas appoints Sanjay Pandita as CEO, effective May 22

Economic Times

Adani Total Gas has a new CEO, Sanjay Pandita, starting May 22, 2026. He's a seasoned energy leader with 25 years of experience. The company said, "building and scaling businesses," and he's known for growing companies and leading big changes in India's energy sector. He previously worked at Reliance and Nayara Energy.

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CPCL launches first CoCo fuel station near Manali refinery

CPCL launches first CoCo fuel station near Manali refinery

@businessline

CPCL just opened its very first company-run fuel station near its Manali refinery! This is a big step for them, as MD H Shankar said, "We wanted to create that public interface." They plan to open 300 more stations across India, aiming for growth and a stronger brand presence.

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Sundaram Alternates raises ₹2,500 crore for its ESG-aligned real estate fund

Sundaram Alternates raises ₹2,500 crore for its ESG-aligned real estate fund

@businessline

Sundaram Alternates just closed a big real estate fund at ₹2,500 crore, way more than they planned! This is India's first real estate fund that cares about the environment. The MD said, "Our focus turns to delivering the outcomes we have committed to." They've already put most of the money into deals.

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DRI's maasive crackdown on nicotine smuggling: Three lakh banned e-cigarettes and vapes worth Rs 120 crore seized

DRI's maasive crackdown on nicotine smuggling: Three lakh banned e-cigarettes and vapes worth Rs 120 crore seized

The Statesman

Wow, the DRI just busted a huge smuggling ring! They seized nearly 3 lakh banned e-cigarettes and vapes, worth about Rs 120 crore. These were hidden inside fake furniture and metal parts, coming from China. Officials said, "DRI identified, tracked and intercepted multiple suspicious import consignments." It's a big win against illegal vaping products.

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Nykaa surpasses $1 billion revenue mark amid strong growth in FY26

Nykaa surpasses $1 billion revenue mark amid strong growth in FY26

@businessline

Nykaa just hit a huge milestone, crossing $1 billion in revenue for FY26! The company said "crossing of the $1 billion revenue milestone marked a defining moment." This amazing growth comes from their beauty and fashion businesses doing really well, with more stores and new brands joining them.

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