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  • India’s First Coal Gasification-Based Ammonium Nitrate Plant Planned in Odisha

    Bhubaneswar/New Delhi: A major industrial boost is on the horizon for Odisha with the signing of a key agreement for a large-scale ammonium nitrate project in Jharsuguda. The project, to be set up in Lakhanpur, is expected to attract an investment of around ₹25,000 crore.

    The agreement was signed between Coal Gasification and Chemicals Limited and Mahanadi Coalfields Limited for leasing land required to establish the facility. The signing took place in New Delhi in the presence of Union Coal and Mines Minister G. Kishan Reddy.

    The project will come up on nearly 350 acres of land under MCL and is being developed as India’s first coal gasification-based ammonium nitrate plant. It will use indigenous technology developed by Bharat Heavy Electricals Limited, marking a significant step toward self-reliance in the chemicals and energy sector.

    Once operational, the plant is expected to produce around 2,000 tonnes of ammonium nitrate per day. The project is being implemented by Coal Gasification and Chemicals Limited, a joint venture involving BHEL and Coal India Limited. Engineering and development work has been assigned to BHEL and Larsen & Toubro, with groundwork already underway at the site.

    Officials indicated that preparatory work, including land development and infrastructure setup, is progressing, with a target to complete the project within 42 months.

    The initiative is expected to significantly reduce India’s dependence on imported ammonium nitrate while strengthening domestic manufacturing capabilities. It is also likely to generate employment and support industrial growth in the region, positioning Odisha as a key hub for advanced industrial projects.

  • AVer Goes “Modus Match” Official: TR Series Auto Tracking and Professional PTZ Cameras Now Verified for Precision 3D Installation Planning

    AVer Goes

     

    Taipei, Taiwan – Apr 02: AVer Information Inc., an award-winning provider of AI audio-video solutions, today announced its official entry into the Modus Match Partner Program. Following comprehensive technical integration, AVer’s high-performance TR Series AI Auto Tracking cameras and PTZ Series cameras are now fully verified and supported within the ModusVR ecosystem — bringing manufacturer-certified 3D planning to one of the industry’s most trusted camera lines.

    Don’t Just Place a Camera. Simulate the Experience.

    In the world of Pro AV, “guessing” camera placement is a recipe for a costly truck roll. With this official Modus Match integration, integrators can now move beyond 2D blueprints and experience AVer cameras in fully immersive 3D environments before a single bracket is mounted.

    When deploying the latest TR Series models alongside PTZ cameras, ModusVR users can now:

    • Visualize Camera Sightlines: Instantly see the exact Field of View (FoV) to ensure the camera can capture presenters over podiums, monitors, or pillars
    • Test Pan-Tilt-Zoom Coverage: Adjust PTZ positions in real-time to verify the camera’s mechanical range covers the entire stage, classroom, or conference room
    • Validate Mounting Locations: Virtually position cameras at different heights and angles to find optimal placement before installation begins
    • Eliminate Installation Guesswork: Identify blind spots, mounting challenges, and coverage gaps in the virtual environment, not during the truck roll
    • Optimize the Design Experience: Enable system integrators and end users to preview TR and PTZ cameras within their specific spaces, experiencing the layout to ensure optimal performance and accelerated AV project adoption
    • Generate Accurate BoMs: Transition seamlessly from design to purchase with manufacturer-verified specifications

    The “Modus Match” Guarantee: Digital Twins, Not Generic Models

    The “Modus Match” seal means these aren’t just generic 3D shapes: these are digital twins. Every focal length, pan/tilt limit, zoom range, and physical dimension has been manufacturer-verified by AVer’s engineering team. When you drag an AVer TR or PTZ camera into your ModusVR project, the Bill of Materials (BoM) is 100% accurate, and the field-of-view simulation reflects real-world optical performance.

    “Presentation cameras are an important part of many of the spaces our users design in Modus,” says Ken Brueck, Co-Founder of Modus VR. “With AVer’s TR Series now part of the Modus Match program, integrators can accurately visualize placement and confidently define camera coverage in classrooms, divisible training spaces, and auditoriums before installation begins.”

    Total Design Certainty for Professional AV Installations

    “Our TR Series cameras are built for intelligence and movement,” says David Kuo, President at AVer Information Inc. “By joining the Modus Match program, we’re giving our partners the power to validate camera placement and coverage in a virtual twin of their client’s space. It’s about total design certainty and ending the era of onsite adjustments. Whether it’s a university lecture hall, corporate boardroom, or K-12 classroom, integrators can now design with confidence knowing exactly what AVer cameras will capture.”

    Key Benefits for AV Integrators:

    • Pre-Installation Confidence: Test multiple camera placements and validate coverage before purchasing equipment
    • Faster Client Approval: Present immersive 3D walkthroughs showing exactly what cameras will capture, accelerating stakeholder buy-in
    • Reduced Site Visits: Eliminate unnecessary truck rolls by identifying coverage issues in the virtual environment
    • Time Savings: Compress weeks of planning into hours with real-time, accurate 3D simulation

    Availability

    The AVer TR Series and PTZ Series camera libraries are available now for all ModusVR subscribers at no additional cost. Simply update your ModusVR library to start building more accurate room designs with precise camera coverage validation. For demonstrations or technical specifications, visit www.modusvr.com or contact your local AVer representative.

    ABusiness News For Profit

  • Odisha Men’s and Women’s Hockey Teams Clinch Titles at Khelo India Tribal Games

    Bhubaneswar/Raipur: Odisha has achieved a proud sporting milestone as both its men’s and women’s hockey teams emerged champions at the inaugural Khelo India Tribal Games held in Raipur.

    ଛତିଶଗଡ଼ର ରାୟପୁରଠାରେ ଆୟୋଜିତ ପ୍ରଥମ ‘ଖେଲୋ ଇଣ୍ଡିଆ ଜନଜାତି କ୍ରୀଡ଼ା’ ରେ ଓଡ଼ିଶାର ଓଡ଼ିଶାର ଉଭୟ ମହିଳା ଓ ପୁରୁଷ ହକି ଦଳ ଚମ୍ପିୟାନ ହୋଇଥିବାରୁ ସମସ୍ତ କ୍ରୀଡ଼ାବିତ୍‌ଙ୍କୁ ଆନ୍ତରିକ ଶୁଭେଚ୍ଛା ଜଣାଉଛି। ଏହି ସଫଳତା ଆମ ରାଜ୍ୟ ପାଇଁ ଅତ୍ୟନ୍ତ ଗୌରବର ବିଷୟ।

    ଆମର ଜନଜାତି କ୍ରୀଡ଼ା ପ୍ରତିଭାଙ୍କ ଏହି ଅସାଧାରଣ ସଫଳତା ଓଡ଼ିଶା… pic.twitter.com/3ZjlyQ64yV

    — Mohan Charan Majhi (@MohanMOdisha) April 2, 2026

    The double victory highlights the exceptional talent and determination of athletes from the state’s tribal communities, marking a significant moment in Odisha’s sporting journey.

    Sports enthusiasts and officials have extended heartfelt congratulations to the players, praising their dedication and outstanding performance on a national stage. The achievement is being seen as a major boost for grassroots sports development, especially among tribal youth.

    This success not only brings pride to the state but also signals a promising future for Odisha in Indian hockey. With continued support and recognition, these athletes are expected to scale even greater heights and further strengthen the state’s reputation in the sporting arena.

  • RateGain Partners with Razorpay as Platinum Partner for RG Pay to Power High-Conversion Checkout Experiences for Global Travel Brands

    Noida, Mar 02: RateGain Travel Technologies Limited a global leader in AI-powered SaaS solutions for the travel and hospitality industry, today announced a strategic partnership with Razorpay, India’s omnichannel payments platform for businesses, as a Platinum Partner for RG PayRateGain’s unified technology infrastructure for the global travel and hospitality ecosystem.

    Through this partnership, RG Pay will bring Razorpay’s payment gateway and processing capabilities into its ecosystem to improve payment outcomes at the final step of booking. Travel brands will be able to offer locally preferred payment options such as UPI, cards, net banking, and EMI, enabling smoother transactions aligned with how travelers pay in different markets. This will help reduce friction during checkout and improve booking completion rates.

    As travel companies expand across regions with diverse payment behaviors, delivering a consistent and reliable checkout experience becomes critical. This partnership supports travel brands in adapting to these variations while maintaining performance and reliability at scale.

    RG Pay brings together adaptive checkout experiences, affordability options, virtual card (VCC) enablement, and cross-border settlement capabilities to help travel and hospitality companies strengthen conversion outcomes and manage payments more effectively across global markets.

    Commenting on the partnership, Rahul Kothari, COO, Razorpay, said, “Travel and hospitality is at an inflection point, where digital adoption is accelerating rapidly, and traveler expectations are being shaped in real time. As more bookings move online and across borders, payments are no longer just a backend function; they are central to the overall customer experience. At Razorpay, we believe payments are a key driver of conversion, trust, and global scale. Our partnership with RateGain brings together deep ecosystem intelligence and payment innovation to help travel and hospitality businesses deliver seamless, locally relevant checkout experiences wherever their customers are.”

    RG Pay is built to address how payments influence conversion in travel,” said Parijat Tiwari, Executive Vice President & General Manager, Distribution, RateGain. “With Razorpay as a Platinum Partner, we are strengthening our ability to support high-quality payment experiences that improve booking completion and reduce transaction friction for travel and hospitality companies worldwide.”

    Together, RateGain and Razorpay enabling travel and hospitality brands to deliver more consistent and dependable payment experiences as they scale across markets with varying payment preferences.

  • Quanscient and Haiqu Announce Breakthrough Algorithm for Scalable Computational Fluid Simulations on Quantum Computers

    This advancement in quantum algorithms could help accelerate some of the most computationally intensive simulations used in engineering today.

     

    Helsinki, Finland – April 2, 2026  Researchers from Quanscient, a leader in cloud-based multiphysics simulation technology and quantum algorithms, and Haiqu, a leading developer of quantum middleware, today announced a new algorithm that can significantly advance the use of quantum computing in real-world engineering applications. The teams conducted a 15-step nonlinear fluid benchmark with an obstacle, making this the most physically complex, publicly documented variant of a Quantum Lattice Boltzmann Method (QLBM) hardware demonstration to date.

    Developed and tested on IBMs largest-available quantum computer, the IBM Heron R3, the algorithm reduces the number of qubits required to run complex simulations in computational fluid dynamics (CFD) on quantum computers, demonstrating a viable path toward future industrial-scale solutions.

    CFD is widely used to model how air, water, and other fluids behave around objects, such as airflow over an aircraft wing. It plays a critical role in product development and testing across industries, including aerospace, automotive, and energy. However, these simulations are extremely demanding for even today’s most powerful supercomputers, often taking days or even weeks to complete, if possible at all.

    The new algorithm addresses one of the key challenges in applying quantum computing to CFD: high resource requirements. By significantly reducing the number of qubits and computational operations needed, this approach makes it more practical to run complex simulations on quantum computers. It demonstrates a more efficient path toward using quantum systems for real-world applications, and ultimately could help companies design better products and optimize complex systems more quickly.

    “This is an interesting and timely contribution to quantum CFD,” said Oleksandr Kyriienko, Professor and Chair in Quantum Technologies at the University of Sheffield. “It proposes a more flexible quantum LBM framework while keeping the core algorithm efficient, and it strengthens the case with applications ranging from linear acoustics to IBM-QPU-assisted nonlinear flow simulations. We need more works like this to achieve industrially relevant quantum solutions.”

    “This is one of the most realistic CFD simulations ever executed on a quantum computer. It is an important signal that quantum CFD research is moving toward simulating how fluids interact with real-world shapes and obstacles on quantum hardware,” Mykola Maksymenko, CTO of Haiqu. “This is the direction that any industrially meaningful workflow would have to take to reach commercial viability.” 

    “CFD is one of the most computationally difficult branches of simulation with some of the largest impact on the world’s biggest sectors,” said Valtteri Lahtinen, Chief Scientist of Quanscient. “Quantum computers offer a future path to simulations that are far more complex than what classical computers can handle, which may allow for the design of more efficient vehicles and aircraft, better energy systems and more. Our work with Haiqu is a critical step toward making this a reality.”

    Researchers from Quanscient and Haiqu developed and tested a novel One-Step Simplified LBM (OSSLBM) based on a quantum Lattice Boltzmann Method (QLBM) algorithm, which is a powerful generalization of an important classical CFD technique. Their approach allowed them to run a nonlinear fluid‑flow simulation with an obstacle, such as fluid moving around a solid object, over multiple steps on IBM quantum hardware. Haiqu’s algorithmic and runtime layer was critical to making this possible, reducing circuit depth, improving and developing new key algorithmic subroutines, and applying targeted error‑reduction techniques that allowed the quantum system to execute a multi‑step, complex workflow that would otherwise be out of reach for today’s devices.

    The researchers believe their work represents a new algorithmic framework that reshapes how fluid simulations are performed on quantum computers, turning a complicated sequence of calculations into a simpler, more efficient process designed for quantum hardware. The hybrid quantum-classical OSSLBM can be executed on current hardware, outlining a practical path for moving beyond simple linear demonstrations toward more realistic, engineering‑relevant quantum fluid simulations as quantum systems continue to mature.

  • NHAI Exceeds Target, Completes 5,313 km of National Highways in FY26

    The National Highways Authority of India (NHAI) has marked a significant achievement in the fiscal year 2025–26 by completing 5,313 kilometers of national highways, surpassing its annual target by 15%. This milestone highlights India’s continued focus on strengthening road infrastructure to enhance connectivity, support economic growth, and facilitate regional development.

    NHAI Exceeds Target, Completes 5,313 km of National Highways in FY26

    Pic Credit: Pexel

    Expanding Connectivity Across the Nation

    The newly constructed highways span multiple states, connecting major cities, industrial hubs, and remote areas. This expanded network reduces travel time, eases transportation of goods and passengers, and promotes economic activity in previously underserved regions. By linking key economic zones, these roads are expected to improve trade efficiency and support local businesses.

    Boosting Infrastructure Efficiency

    The success in highway construction reflects improvements in project planning, execution speed, and adoption of modern construction technologies. Streamlined approvals, effective land acquisition strategies, and advanced construction techniques have contributed to faster completion rates.

    Driving Economic Growth

    The expanded highway network plays a pivotal role in stimulating commerce, tourism, and industrial activity. Enhanced connectivity lowers logistics costs, strengthens supply chains, and provides businesses with faster access to markets, thereby benefiting both producers and consumers.

    Looking Ahead

    NHAI is committed to further increasing highway construction in the coming years, with a focus on sustainable, resilient, and technologically advanced infrastructure. Future projects aim to incorporate smart mobility solutions, eco-friendly construction practices, and modern highway management systems to meet the growing demands of a rapidly developing nation.

    This achievement underscores NHAI’s central role in shaping India’s transportation infrastructure and advancing the government’s vision of nationwide connectivity and economic progress.

  • Heartfulness Institute Joins Global Biodiversity Alliance to Boost Conservation Impact

    New Delhi, April 2 : Heartfulness Institute announces its addition to the Global Biodiversity Alliance (GBA) membership as acknowledged by the Global Biodiversity Alliance Secretariat on its GBA membership and its association with the Georgetown Declaration. As a member, Heartfulness Institute will be part of a collaborative platform dedicated to advancing global efforts to stall and reverse the loss of biodiversity resonating with the Kunming Montreal Global Biodiversity Framework. Heartfulness Institute will closely be working with the Alliance’s objectives and various activities.

    As a Global Biodiversity Alliance member, Heartfulness through its global network of 5,000 centers in 160 countries will work on raising awareness about biodiversity responsibilities, promoting the principle that ecological resilience is essential for human well-being. Heartfulness intends to implement the Global Biodiversity framework in Forests by Heartfulness project sites and generate high quality Biodiversity Credits. Besides, there is a severe lack of India-specific data in sections related to ecology and restoration. Through this membership, Heartfulness can further Global Biodiversity Alliance’s efforts in India to gather this data.

    Vishwas Subramanyam, Director, PR and Partnerships (UK & Europe) from Heartfulness Institute said,

     “Through this membership, we are hoping to have knowledge transfer and technical know-how with Global Biodiversity Alliance and other member organisations, logistical support and share resources towards protecting global biodiversity. We hope joining the Alliance will go a long way in ecological conservation and raising awareness on responsibility towards biodiversity.”

    The Global Biodiversity Alliance provides an international platform for leaders, scientists, indigenous voices, and innovators aiming to collaborate for measurable commitments and innovative solutions towards protection of 30% of the world’s land and oceans by 2030.

    In joining the alliance, Heartfulness Institute will stay abreast of the current and future activities undertaken by Global Biodiversity Alliance. The Global Diversity Alliance will facilitate networking and bilateral or multilateral engagements that serve biodiversity management. The main inputs from members include “technical advice based on their experiences, any other supporting materials or data which can be shared on a voluntary basis.” As a member of GBA, Heartfulness Institute will “make efforts to participate in meetings and working group sessions that are aligned with the institute’s mandates; share their experiences and learn from others working in a similar space.”

    The Global Biodiversity Alliance was founded on the principle that “protecting biodiversity is essential for ecological resilience and human well-being”. The Alliance combats the threats of deforestation, climate change and ecosystem degradation to help nature thrive for future generations. The alliance’s work meets the international frameworks including the Global Biodiversity Framework (COP16) reflecting the outcomes of the G20 on biodiversity collaboration.

  • Indian Railways Achieves Record Freight, Passenger Growth in FY26

    Indian Railways Achieves Record Freight, Passenger Growth in FY26

    New Delhi, April 2026: Indian Railways has reported robust growth in both passenger traffic and freight operations for the fiscal year 2025–26, underscoring its role as a vital backbone of the nation’s transport and logistics network.

    Passenger Traffic and Revenue Surge
    During FY26, Indian Railways carried 741 crore passengers, marking a 3.5% increase from 716 crore in FY25. Passenger revenue also grew significantly, reaching approximately ₹80,000 crore, a 6% rise compared to the previous year. The figures highlight the growing reliance on rail travel across urban and rural India, reflecting both convenience and affordability for commuters.

    Freight Operations Set New Records
    Freight traffic hit a new milestone of 1,670 million tonnes (MT), up 3.25% from FY25, accompanied by a 4.5% increase in wagons handled, from 2.79 crore to 2.91 crore. This growth underscores Indian Railways’ efficiency and its critical role in delivering cost-effective logistics solutions for bulk commodities.

    Key Commodities Driving Growth
    Significant growth was recorded in sectors like fertilisers (13.5%) and pig iron & finished steel (13.1%), reflecting rising industrial and agricultural demand. Infrastructure-related commodities, including iron ore (6.7%) and cement (4.7%), also saw strong movement, supporting ongoing construction and development projects nationwide.

    Balanced Regional Growth
    Several railway zones contributed to this growth, with South Western Railway leading at 14.9%, followed by North Central (12.6%), East Coast (10.4%), and West Central (10.1%). Other zones also recorded positive gains, reflecting widespread regional development and improved freight-handling capabilities across the country.

    Freight Revenue Highlights
    Freight earnings reached approximately ₹1,77,754 crore, up 1.44% from FY25. Iron ore emerged as the top revenue contributor, followed by cement, pig iron & steel, fertilisers, food grains, and mineral oil, demonstrating the critical importance of railways in supporting industrial supply chains and trade.

    Driving Connectivity and Economic Growth
    Indian Railways’ achievements in FY26 highlight its dual role: ensuring safe, reliable mobility for millions of passengers and serving as an efficient logistics partner for industries. With consistent operational improvements and capacity expansion, Railways continues to be a key driver of economic growth and national connectivity.

  • Fintech Leads India’s $16B VC Boom with 18% Increase in Investments

    India’s venture capital (VC) ecosystem demonstrated strong growth in 2025, with total investments reaching an estimated $16 billion—up nearly 20% compared to 2024, according to the India Venture Capital Report 2026 by Bain & Company in collaboration with the Indian Venture and Alternate Capital Association (IVCA).

    Deal activity also witnessed a significant boost, rising approximately 18% year-on-year, with over 1,300 transactions completed across different stages of funding. This reflects sustained investor confidence in India’s startup ecosystem and its diverse sectors.

    The fintech sector emerged as a major driver of growth, with investment value rebounding more than 2.2 times compared to the previous year. While payments continued to attract the largest share of VC funding, investors increasingly diversified into other fintech sub-sectors offering predictable monetization models, signaling a shift toward sustainable and scalable business opportunities.

    Experts believe this surge in venture capital funding highlights India’s growing prominence as a global startup hub, supported by a robust ecosystem of entrepreneurs, investors, and government initiatives. As more sectors mature and investor strategies evolve, India’s VC landscape is expected to continue its upward trajectory in the coming years.

  • India’s Auto Industry Accelerates: SUVs and Export Demand Fuel Record Growth

    India’s Auto Industry Accelerates: SUVs and Export Demand Fuel Record Growth

    New Delhi, Apr 2: India’s automobile industry is experiencing a remarkable surge, with strong sales momentum driven by booming SUV demand and rising exports. The combination of domestic enthusiasm for larger, versatile vehicles and growing global orders is propelling the sector to new heights.

    Consumer preferences are increasingly shifting toward SUVs, which offer comfort, performance, and practicality for modern lifestyles. This trend has led automakers to prioritize production in the SUV segment, resulting in consistent month-on-month sales growth. At the same time, Indian vehicles are gaining recognition in international markets, with exports contributing significantly to the industry’s expansion.

    Industry experts note that favorable government policies, increased consumer confidence, and strategic investment in production facilities have amplified this growth. Manufacturers are scaling up capacities, innovating with new models, and meeting the dual demand of domestic buyers and global clients.

    The growth in exports not only strengthens India’s position as a global automotive hub but also creates opportunities for job creation, skill development, and technological innovation. Analysts predict that the continued rise in SUV popularity and international demand will sustain momentum throughout 2026, making it a landmark year for the Indian auto sector.

    As the industry adapts to evolving consumer trends and explores new markets, it stands poised for long-term growth, signaling a bright road ahead for manufacturers, buyers, and the economy alike.