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Electric trucks are becoming the latest type of vehicle to benefit from battery swapping, which has until now been largely restricted to two- and three-wheelers. Pune-based e-truck maker Blue Energy Motors and Murugappa Group’s Montra Electric are rolling out 55-tonne e-trucks that are compatible with battery swapping.These zero-emission commercial vehicles provide the right use-case for price parity between EVs and internal combustion engines (ICE) once the cost of the battery is removed from the equation, according to manufacturers and domain experts.As India races to decarbonize its massive freight sector, battery swapping could prove to be the silver bullet for heavy-duty electric trucks.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

Bajaj Auto Ltd is crafting a turnaround for KTM, its biggest acquisition, to boost profitability even as it loses market share in its home market.Pune-based Bajaj Auto will look to discontinue smaller brands under KTM, rejig core operations and unlock synergies between the supply chains of Bajaj and KTM to reduce costs, according to management commentary during the earnings call and meetings with analysts.“After the KTM acquisition, Bajaj Auto would now focus on the restructuring of the core operations. They would also look to leverage synergy benefits in manufacturing operations, the supply chain, and the distribution network,” analysts at Motilal Oswal wrote in a 15 December note after meeting Bajaj Auto's leadership team.A revival plan for KTM is aimed at bolstering its premium offerings, as its exports remain profitable, while India’s fourth-largest two-wheeler maker’s domestic market share continues to decline.Bajaj Auto acquired struggling motorcycle maker KTM for about €800 million.

Subscribe to enjoy similar stories. A few weeks ago, I was dining at a coveted Kolkata restaurant—their menu a thoughtful play on the city’s street food and Bengali home cooking, elevating it to the level of modern fine dining. But each dish came with a story—of its inspiration, origin and the chef’s personal connection to it—that lasted more than a couple of minutes.

Subscribe to enjoy similar stories. Private bus operators and online ticketing platforms are hoping to retain more users as travellers stranded by the IndiGo flight cancellation fiasco seek out last-minute travel alternatives. From local travel companies to electric-bus startups, everyone is vying for a share of a market that has lit up like a Christmas tree.

Subscribe to enjoy similar stories. NEW DELHI: Microsoft will keep investing in artificial intelligence-ready data centre infrastructure in India beyond 2026, and continue hiring artificial intelligence (AI) engineers to build value-added solutions, the company’s top India executive said. “As part of our $3 billion investment plan through this year and the next, our Hyderabad data centre—one of the largest in the region—is set to go live by June 2026.

Subscribe to enjoy similar stories. The Delhi High Court on Tuesday allowed domestic drugmaker Dr Reddy’s Laboratories to manufacture and export its generic version of semaglutide to countries where the patent-holder Novo Nordisk does not have patent protection. Notably, semaglutide is the compound behind the Danish drugmaker’s blockbuster weight-loss drug Ozempic.

Securis Finance, a subsidiary of FirstPay Technologies, has received approval from the Reserve Bank of India (RBI) to operate as a non-banking financial company (NBFC). The company plans to disburse Rs 100 crore in education loans in its first year, initially targeting key educational hubs such as Bengaluru, Mumbai, Delhi-NCR, Hyderabad, and Pune on a pilot basis. Securis Finance is a fully owned subsidiary of FirstPay Technologies, which operates Junio, a digital pocket money smart card for teenagers. Securis Finance aims to offer loans ranging from Rs 50,000 to Rs 5 lakh, addressing a major gap in access to credit for teenagers. Its lending solutions will cover diverse educational needs, including school fees, college tuition, coding boot camps, and entrance exam coaching.

Subscribe to enjoy similar stories. Bengaluru: Flexible workspace providers are seeing higher demand for office space from artificial intelligence companies and AI-first businesses, with a bulk of the leasing happening in Bengaluru, Pune, and Hyderabad. Flex office operators such as WeWork India, IndiQube, Table Space, Incuspaze and others have signed on AI firms as tenants for 50-700 seats in their centres.

Securities and Exchange Board of India (Sebi) has given workspace solutions provider IndiQube the green light for its initial public offering (IPO). The company, which is backed by WestBridge Capital, had filed a draft red herring prospectus (DRHP) last December seeking to raise Rs 850 crore through the IPO. This comprises Rs 750 crore in fresh capital and Rs 100 crore in an offer for sale. Founders Rishi Das and Meghna Aggarwal plan to sell shares worth Rs 100 crore through the offer-for-sale segment. According to online news platform Entracker, IndiQube intends to use Rs 427 crore of the fresh funds on capital expenditure, Rs 100 crore to repay or prepay existing loans, and the rest on general corporate activities.

Subscribe to enjoy similar stories. Mumbai: Weikfield Foods, known for its custard, jelly mixes and baking powder, will produce more ready-to-eat products for the convenience-seeking younger generation of customers, look for acquisitions to boost growth, and come out with an IPO to fund its expansion plans, CEO and managing director Ashwini Malhotra told Mint in an interview. The company’s ready-to-eat custard, launched a few years ago, is gathering momentum and is one of its first game-changing products, he said.

electric buses under the PM E-Drive scheme to cover more cities without increasing the budget allocation. The Centre currently offers a subsidy of ₹20-35 lakh per e-bus, depending on the carrying capacity and specification of the vehicle. According to officials aware of the development, Surat, Pune, Hyderabad and Bengaluru have together raised a demand for more than 15,000 units. This is well above the scheme target to subsidise 14,028 e-buses with a funding support of ₹4,391 crore. «The newly formed Delhi government is expected to raise a significant demand for e-buses. Orders from Ahmedabad, Mumbai, Chennai and Kolkata are awaited as well,» a senior official told ET, while adding that the government may lower the per e-bus subsidy for catering to more cities.

Kumar Jain, a jeweller from Mumbai's Zaveri Bazaar, the largest gold hub in the country, said, «Consumers are buying gold coins more as they think that it is a good investment and the price of gold will move further in the coming days.» Last year, during Gudi Padwa, the price of gold was at Rs 78,000 per 10 gm, which is now nearing Rs 90,000 per 10 gm.

PropEquity. There were 1,22,365 housing units launched in the year-ago period. Real estate data analytics firm PropEquity data showed that new supply rose only in Bengaluru and fell in other cities. As per the data, new housing supply in Bengaluru increased 17 per cent to 20,227 units in January-March from 17,303 units in the year-ago period.

Colliers India. The new supply of office space stood at 100 lakh (10 million) sq ft in the year-ago period. As per the data, the new supply in Bengaluru declined 16 per cent in January-March to 37 lakh sq ft from 44 lakh sq ft in the year-ago period. Chennai saw a decline of 33 per cent to 2 lakh sq ft from 3 lakh sq ft.

Subscribe to enjoy similar stories. Bengaluru: A drone-shot video captures a 360-degree view of the Trump Towers project at Golf Course Extension Road in Gurugram, India’s hottest luxury property market. The all-glass façade of the 51-storey twin towers with sleek lines is a signature Trump style.

Krafton has acquired a controlling stake in Pune-based Nautilus Mobile, the studio behind the popular Real Cricket franchise, in a deal worth Rs 118 crore. This marks Krafton’s first control deal in India, signalling its focus on local game development here. Founded in 2013, Nautilus Mobile was acquired by JetSynthesys in 2020. Subsequently, Krafton made a Rs 40.5 crore investment in 2022. The latest acquisition gives Krafton a larger stake in India’s gaming landscape, integrating Nautilus Mobile’s expertise with its global resources and technology.

Subscribe to enjoy similar stories. South Korean gaming giant Krafton will acquire a controlling stake in Pune-based Nautilus Mobile for ₹118 crore and the transaction is expected to give JetSynthesys a part exit.

While established IT hubs such as Bengaluru, Pune, and Hyderabad continue to dominate, Nagpur is emerging as a formidable player in this digital revolution. Once considered a Tier-II city, Nagpur is now gaining traction as a center for AI-powered financial solutions, cloud computing, and fintech innovations. With a thriving IT ecosystem and increasing global investments, the city is leveraging GenAI to enhance customer experiences, drive automation, and accelerate digital transformation. Corpay Technologies: A catalyst for change in Nagpur’s tech landscape A significant contributor to this transformation is Corpay Technologies India Private Limited, a Global Capacity Centre (GCC) based in Nagpur. The company has been making waves internationally, reinforcing Nagpur’s position on the global IT map. Corpay Technologies India Private Limited is a part of Corpay Inc., a NASDAQ-listed company headquartered in Atlanta, Georgia, USA. Operating in over 150 countries, Corpay Inc. boasts an annual revenue of over $4 billion and an adjusted net income exceeding $1 billion, making it one of the global leaders in financial technology. Corpay has cemented its position as an industry leader across three core business verticals:

Bharat Forge Limited and Tata Advanced Systems Limited to enhance the Indian Army’s artillery capabilities. These deals, worth approximately Rs 6,900 crore, will provide the Army with 155mm/52 calibre Advanced Towed Artillery Gun Systems (ATAGS) and High Mobility Vehicle 6x6 Gun Towing Vehicles. The signing ceremony took place on 26 March 2025 in New Delhi, in the presence of Defence Secretary Rajesh Kumar Singh. With this procurement, the MoD’s total capital contracts for the financial year 2024-25 have reached Rs 1.40 lakh crore. The event also saw the Defence Secretary felicitate the Project Director of ATAGS from the Defence Research and Development Organisation’s (DRDO) Armament Research and Development Establishment, Pune, in recognition of his role in the project’s success.