Category: Business

Bangalore, June 30 : Just two weeks after launching the S175 , India’s tallest and the most powerful wind turbine, Suzlon has secured its first 105 MW order for the next-generation turbine from Sunsure Energy. The order marks a strong commercial debut for S175, reinforcing strong customer confidence in Suzlon’s differentiated technology and innovation-led product portfolio. This  is also Sunsure‘s third order with Suzlon in less than 14 months, taking the cumulative partnership to 400.8 MW.

Powered by a 175-meter rotor, and a 160-meter hybrid lattice tower, the S175 is engineered to access stronger and more stable wind regimes, enabling higher energy yields and superior project economics. It unlocks new wind frontiers by converting previously unviable sites into commercially attractive opportunities, significantly expanding the addressable market for wind energy. 

The current project scope includes the supply, erection, commissioning, and maintenance of 21 next-generation S175 wind turbine generators to be installed in Bijapur, Karnataka.

Girish Tanti, Vice Chairman, Suzlon Group, said, 

“Sunsure began their wind energy journey with us and has now grown into one of India’s largest and fast-growing C&I focused renewable energy providers. We are proud to support their growth as our partnership deepens across geographies – from Karnataka to now two orders in Maharashtra and technology – from our maiden project on a 2.1 MW platform, to scaling on our 3 MW platform, and now becoming the launch customer for our next-generation 5 MW S175 turbine. We value their continued trust in our technology and execution capabilities.”

Manish Mehta, Co-Founder & Chief Commercial Officer, Sunsure Energy, said, 

“Our strategy is centred on meeting the need for firm, reliable clean energy driven by India’s accelerated electrification and an expanded manufacturing footprint powered by data centres, GCCs, advanced manufacturing, electric mobility. This order is a precise strategic choice as the S175 is purpose-built for firm and dispatchable power, enabling seamless integration into hybrid and Round-The-Clock solutions. It feeds into our ambition of being a 10 GW platform by 2030 and Suzlon’s three decades of execution across India gives us full confidence in the partnership.”

Ajay Kapur, Chief Executive Officer, Suzlon Group, said,

 “I am confident that this project will become a case study in effective energy generation and project economics. Developing 400.8 MW with Sunsure Energy in a short span of 14 months reflects not only the pace at which India’s C&I renewable market is scaling, but also the deep trust our customers place in Suzlon’s technology, execution, and innovation.”

 Daiva Rakauskaitė, CFA, partner and fund manager of Aneli Capital

Vilnius, June 30: After several years of turbulence, the global fintech sector is entering a new growth phase. In Europe, however, fintech penetration remains below 3% even as consumers trust digital platforms more than legacy banks. According to an investor, the next phase of European fintech growth will depend on startups that can build regulatory capability early and use AI to compete with better-funded incumbents.

Last year, global fintech companies generated approximately $650 billion in revenues, representing a growth rate of about 21% year over year from 2024, according to a recent McKinsey report. Investment data by CB Insights shows that in Q1 of this year, fintech deal value was $12,1 billion, up 3,7% year on year, with the US capturing 47% of deals, while Europe accounted for around 21%.

According to Daiva Rakauskaitė, Managing Partner at a VC firm Aneli Capital, despite global growth, the European fintech market remains underutilized.

A McKinsey consumer survey across European countries shows that consumers trust fintech companies and digital banks more than traditional banks for the first time, and see fintechs as more innovative, more transparent on fees, and better value overall.

However, fintech financial services still represent only a fraction of the broader financial market. In Europe, the fintech sector has remained smaller, with 2.6% market penetration, compared to 3% in Asia and 8% in Latin America.

Rakauskaitė notes that European fintechs often lag behind due to fragmented national markets, stronger incumbent banks, lower access to capital, and regulation.

“In Europe, regulation often sets the pace of fintech expansion. For early-stage companies, compliance and licensing requirements can increase the cost and complexity of market entry, often favoring larger, better-capitalized players. At the same time, fintechs that invest in regulatory capabilities early can turn compliance into a competitive advantage, strengthening customer trust and increasing their attractiveness to investors,” Rakauskaitė says.

According to Rakauskaitė, the main driving force behind the new wave of European fintech winners will be those that can grow in a regulated environment and deploy AI to scale.  Q1 investment data by PitchBook already shows that investors are backing AI-native startups at the earliest stages, where smaller teams are hitting growth benchmarks faster than ever before.

“Scaling a financial product used to require massive engineering, operations, and compliance teams from day one,” Rakauskaitė says. “Today, AI-native startups can automate significant parts of product development, operations and customer support, allowing them to reach product-market fit and validate distribution channels with substantially less capital and smaller teams. While regulated financial activities still require robust compliance and governance functions, AI is reducing the cost and time needed to build and scale fintech products”.

Speaking about the booming startup scene in Goa,  ITE&C Minister, Shri. Rohan Khaunte said, “The Seed Capital Grant Scheme is designed to clear the initial financial hurdles so startups can focus on growing their businesses. Looking at the talent we reviewed today, it’s clear that Goa is quickly becoming a major hub for India’s next generation of startups. Startups such as Molbio Diagnostics, Goa’s first-ever unicorn, and Spintly have already paved the way, demonstrating Goa has the talent, the capabilities, and the ecosystem to create a world-class environment where founders feel backed to build and grow in Goa. Through policies, incubation, mentorship and financial assistance, we’re ensuring our startups get the right support and funding at the right time.”

Nashik, India, June 29: ASUS India, a global technology leader, announced its strategic strengthening of its Expert Series commercial PC business across North Maharashtra. The ASUS Expert Series is uniquely positioned to meet the fast‑changing digitization requirements of the region’s significant economic growth momentum with enterprises, corporations, SMEs, MSMEs, scaling startups, and professionals. With its benchmark promise of a ‘Worry-Free Business Experience’ and purpose-built portfolio for zero operational downtime, ASUS is equipping North Maharashtra’s accelerating educational institutions and economic corridors spanning Automotive & Electrical manufacturers,Industrial Engineering hubs, Green Energy &Power Infrastructure clusters, Logistics&Warehousing hubs, Textile and Loom clusters and Agro-Food Processing. Crucially, this move is reinforced by an unmatched service infrastructure, delivering on-ground service support at 100% pin codes across North Maharashtra, to ensure faster turnaround times for business customers.

ASUS Expert Series is a powerful commercial portfolio, anchored by the ExpertBook range of next-gen AI-powered business laptops, the ExpertCenter suite of next-gendesktops, sleek All-in-Ones (AiOs) and advanced monitors. Engineered with a focus on design thinking and long-term value, this portfolioempowers business users with Cutting-Edge AI-Powered Performance, Segment-leading Military-grade MIL-STD-810H Durability, Enterprise-Grade Security, Excellence in Service, and Seamless Expandability.

ASUS remains a globally reliable brand committed to scaling alongside its channel partner ecosystem through transparent, ethical practices and long-term relationships. By offering face-to-face consulting, active demo programs, multi-module training programs, and product customization, ASUS ensures local partners can maximize customer success.

Worry-Free Enterprise Support & IT Management: To ensure business continuity and significantly lower the Total Cost of Ownership (TCO), the ASUS Expert Series is backed by advanced deployment tools for modern IT departments and a comprehensive commercial support framework:

·         Regional Service Footprint: On-Site engineering support covering an exceptional 100% of all pin codes across North Maharashtra explicitly dedicated to business users, backed by a pan-India network of 17,100+ pin codes.

·         Dedicated Toll-Free Helpdesk for Expert Series: Technical assistance available Monday to Saturday, 9 AM to 9 PM.

·         Unified Component Warranty: Equal coverage duration for both the device and its power adapter even on warranty extension

·         International Warranty on Laptops in 90+ Countries at no additional cost.

·         Up to 5 years ServicePacks : Product Warranty Extension,  Battery Warranty Extension, Local Accidental Damage Protection, Keep Your Drive, Next Business Day Service and Post Warranty, Warranty Extension Packs. On Extension of Product warranty, International Warranty and Charger Warranty also gets extended.

·         Global Protection: Out-of-the-box international warranty across 90 countries, with flexible extended pack options.

·         Advanced IT Deployment Tools: Built-in enterprise management capabilities including BIOS configuration, zero-touch cloud deployment, centralized driver updates, cloud recovery, and image maker solutions.

In short: The ASUS Brand Promises Delivering a ‘Worry-Free Business Experience’ with ASUS ExpertBook:

The ASUS ExpertBook laptop range delivers top-tier performance, ironclad security, and military-grade resilience built for demanding workloads. By taking complete charge of hardware reliability and lifecycle support, ASUS empowers users to completely eliminate IT distractions, and focus on accelerating innovation, expanding operations, and scaling their businesses confidently into the future.

·         Worry-Free AI-Powered Performance: Features the latest Intel® high performance up to H Series processors, expandable RAM, and dual SSD slots to ensure lightning-fast multitasking and future-ready performance.

·         Worry-Free Expandability: Offers long-term scalability with expansion of up to 64GB DDR5 memory with dual SO-DIMM slots and dual PCIe SSD slots. This is ideal for handling complex workloads, virtual machines, and large datasets, and helps ensure that even the entry-level deployments are future-ready. Multiple display sizes, battery options, and I/O flexibility, including Thunderbolt™ 4, HDMI 2.1, RJ-45 port, and optional Smart Card Reader, ensure that businesses can customize deployments to specific roles, teams, or workflows with ease.

·         Worry-Free Security: Multi-layered securitywith multiple hardware, firmware, and software layers, featuring Dual EEPROM Self-healing BIOS, NIST SP 800-193 compliance, Discrete TPM 2.0, Windows 11 Secured-core PC features, chassis intrusion detection,biometric FIDO2fingerprint logins, webcam privacy shield and Kensington lock, to avoid unauthorized access and safeguard critical corporate data.

·         Worry-Free Durability: Passes the US Military Grade MIL-STD-810H standard, with up to 13 methods and 24 procedures, achieving the highest standards in the business laptop market. There are additional extensive ASUS Superior Durability Test conducted with 157 procedures to ensure these business laptops can withstand all working scenarios. These includePanel pressure tests of up to 30kg, Hinge tests of 50,000 open-close cycles, liquid spill-resistance test on keyboard between 66cc to 355cc,1 million times key stroke tests, drop tests from up to 120cms, Rump Pressure tests of 50kg and many more.

·         Worry-Free Support:Premium enterprise-grade backing that includes 9am-to-9pm expert tech assistance (Mon–Sat) and an unmatched local support ecosystem reaching 100% of regional business locations inNorth Maharashtra.

·         Worry-Free Battery Life and Charging: Designed to keep professionals productive all day, without the stress of running out of power. With long‑lasting batteries and fast USB‑C charging (5V–24V) up to 90W, business users can stay mobile and focused on their work instead of waiting for devices to recharge. The innovative charger also supports with PD + PPS support as one reliable solution for fast charging smartphones at 65Watts / 90 Watts and other USB‑C devices as well.

New Delhi, June 29India’s industrial growth accelerated to 5.1 per cent in May, indicating continued expansion in manufacturing, mining, and electricity sectors and reflecting sustained economic momentum.

The growth highlights improved performance across key industrial segments, supported by rising demand, stable macroeconomic conditions, and ongoing policy measures aimed at boosting production and investment.

Officials noted that manufacturing activity remained a major driver of growth, while the mining and power sectors also contributed positively to overall industrial output. The uptick signals resilience in India’s industrial base despite global economic uncertainties.

Economists said the figures point to steady recovery and expansion in core industries, supported by infrastructure development, consumption demand, and increased capacity utilisation.

The government reiterated its commitment to strengthening industrial growth through reforms, infrastructure development, and initiatives aimed at enhancing competitiveness and encouraging private sector participation.

New Delhi, June 29: India’s airport infrastructure sector is expected to attract investments of up to ₹4.2 lakh crore by 2029, driven by rapid growth in air traffic, expansion of regional connectivity, and large-scale modernization of aviation facilities across the country.

The projected investment reflects ongoing and planned development of new greenfield airports, expansion of existing terminals, upgradation of cargo facilities, and enhancement of aviation-related services to meet rising passenger demand.

Officials said the growth in the sector is being supported by policy reforms, increasing private sector participation, and the government’s focus on improving regional air connectivity under key aviation development programmes. The expansion is also expected to boost tourism, trade, logistics, and employment opportunities.

Industry stakeholders noted that India’s aviation sector is among the fastest-growing in the world, with rising middle-class travel demand and increased connectivity to smaller cities playing a major role in driving infrastructure requirements.

The development is expected to position India as one of the leading aviation markets globally over the coming years, with a strong emphasis on modern, efficient, and sustainable airport infrastructure.

June 29: Bharat Petroleum Corporation Limited (BPCL) has announced that it will acquire a 40% stake in Tiki Tar Industries and Shell India Markets Private Limited for ₹85 crore as part of its strategy to strengthen its presence in the infrastructure and bitumen segment.

The move is aimed at expanding BPCL’s portfolio beyond traditional fuels and into value-added products used widely in road construction and infrastructure development. Bitumen and related materials play a key role in highways, urban roads, and waterproofing applications, and demand for these products is expected to grow with India’s infrastructure push.

Officials said the partnership is expected to bring together BPCL’s refining and distribution strengths with the technical expertise and market reach of the companies involved, creating operational synergies and improving product availability.

The acquisition is part of BPCL’s broader plan to diversify its downstream business and tap into emerging opportunities linked to India’s rapid infrastructure growth. The deal will be completed after receiving necessary regulatory approvals.

Gandhinagar, June 29: Gujarat’s Industrial Extension Bureau (iNDEXTb) has received a Guinness World Records certificate for successfully bringing together 350 exhibitors in just 11 days, marking a significant achievement in promoting trade, industry, and investment.

The recognition highlights iNDEXTb’s ability to organise large-scale business events within a short timeframe, showcasing Gujarat’s strong ecosystem for commerce, innovation, and industrial collaboration.

Officials said the achievement reflects the coordinated efforts of government departments, industry partners, and event organisers in creating a platform that connected businesses, investors, startups, and entrepreneurs. The initiative also helped showcase emerging technologies, products, and investment opportunities across diverse sectors.

The Guinness World Records recognition reinforces Gujarat’s reputation as a leading destination for business and investment and underlines the state’s commitment to fostering innovation, entrepreneurship, and economic growth.

Vadodara, June 29: Gujarat Chief Minister Bhupendra Patel inaugurated the Vibrant Gujarat Regional Conference and Trade Exhibition in Vadodara, reaffirming the state’s commitment to promoting industrial growth, innovation, and investment-led development.

Addressing industry leaders, entrepreneurs, and stakeholders, the Chief Minister highlighted Gujarat’s business-friendly policies, robust infrastructure, and skilled workforce, which continue to make the state a preferred destination for domestic and global investments.

The conference and exhibition brought together representatives from industry, trade bodies, startups, and government agencies to showcase emerging technologies, innovative products, and new business opportunities. The platform is expected to strengthen collaboration between industry and government while encouraging investment across key sectors.

Patel said the Vibrant Gujarat initiative has played a significant role in accelerating the state’s economic growth by fostering partnerships, attracting investments, and creating employment opportunities. He encouraged businesses to leverage the conference to explore new collaborations and contribute to Gujarat’s vision of sustainable and inclusive development.

The event also featured exhibitions by leading companies, business networking sessions, and discussions on innovation, manufacturing, exports, and entrepreneurship, reinforcing Gujarat’s position as one of India’s leading industrial and investment destinations.

India, June 29: Srijan Group, one of Eastern India’s leading real estate and infrastructure conglomerates, today took formal possession of the historic Armenian Ghat precinct on Strand Road after signing a 60–year lease with the Syama Prasad Mookerjee Port (SMPK).

The transfer of this 16,507-square-metre property marks the launch of a major urban rejuvenation initiative. The project will transform a neglected stretch of the Hooghly riverfront into a high-end commercial zone, merging Kolkata’s rich colonial heritage with modern economic vitality.

The precinct consists of some of the city’s most architecturally significant maritime structures, including the erstwhile Strand Warehouse, Jetty Shed 1, Jetty Workshop, and the Armenian Warehouse.

To preserve this legacy, Srijan Group will employ an adaptive-reuse strategy, blending these historic assets with contemporary spaces for high-street retail, Grade-A offices, luxury hospitality, and experiential riverfront cafes. Through heritage-inspired public spaces and dynamic leisure infrastructure, Srijan is proudly returning Kolkata’s waterfront to its citizens.

PROJECT SPECIFICATIONS & ASSET DETAILS:

LEADERSHIP & INSTITUTIONAL PERSPECTIVES

“The formal handover of the Armenian Ghat precinct is a moment of profound responsibility and pride for the Srijan Group. This is not merely a real estate acquisition; it is an exercise in custodial stewardship. Armenian Ghat is deeply etched into the socio-commercial fabric of Kolkata, representing the very spot where global cultures and commerce converged on the banks of the Hooghly. Our vision is to respectfully breathe new life into this monumental address. We are balancing rigorous heritage conservation with contemporary urban development to create a world-class waterfront destination. By introducing premium spaces for commerce, leisure, and hospitality, we aim to reconnect our citizens with the riverfront, revive the city’s maritime identity, and create a lasting cultural and economic asset that elevates Kolkata’s position on the global tourism map.- Arjun Agarwal, Associate Director, Srijan Realty

“The optimization and revitalization of historic port assets through structured public-private collaborations remain a core strategic priority for the Syama Prasad Mookerjee Port. This collaboration with Srijan Group reflects our commitment to unlocking the latent value of Kolkata’s historic riverfront. By converting underutilised maritime infrastructure into vibrant hubs of economic development and tourism promotion, we are creating a self-sustaining model that drives urban regeneration and heritage conservation. This project will serve as a definitive benchmark for how historic port cities can activate their waterfronts, foster robust public engagement, and meaningfully contribute to the city’s broader macroeconomic growth story.”  Rathendra Raman, Chairperson, Syama Prasad Mookerjee Port, Kolkata

This landmark project is poised to become a game changer for the business landscape of Bengal.