Author: Bureau

Bangalore: Ultraviolette Automotive has opened its fourth UV Space Station in Bengaluru, strengthening its national retail and service network while expanding product availability for the X-47 Crossover and F77s across Nagarbhavi, Domlur, Yelahanka and Hosur Road. Developed with dealer partner Aadya Inc., the Nagarbhavi facility is a 3S centre offering test rides, sales, service, accessories and genuine spares under one roof. It broadens the company’s presence to 34 cities nationwide and reinforces Bengaluru’s status as Ultraviolette’s engineering and innovation hub. Visitors can explore the X-47 and F77s models, equipped with a 40.2 hp powertrain delivering 100 Nm of torque, 0–60…

The Lok Sabha has passed the Insurance Amendment Bill, paving the way for 100% foreign direct investment (FDI) in the insurance sector and marking a significant step in the government’s broader financial sector reforms. Commenting on the development, Rakesh Jain, CEO, IndusInd General Insurance Company Limited (formerly Reliance General Insurance Co. Ltd.), said: “The Parliamentary approval of the Insurance Amendment Bill is a defining moment for India’s insurance ecosystem. Allowing 100% FDI is not merely a capital-inflow opportunity; it fundamentally enhances the sector’s ability to underwrite larger and more complex risks, build long-term technical capacity, and bring global standards of…

Bengaluru: The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has invited proposals from academic institutions to establish ‘Antariksh Prayogshala’ space laboratories across India. The initiative aims to boost space technology education, drive applied research and foster collaboration between academia and industry. Up to seven institutions will be selected zone-wise, ensuring regional balance. The labs will also be accessible to non-government entities within each zone. IN-SPACe will fund up to 75% of project costs, subject to a ceiling of ₹5 crore per institution, with disbursements tied to project milestones. Selection will take place in two stages: initial eligibility screening followed…

Bengaluru: PNB Housing Finance Limited has named Mr. Ajai Kumar Shukla as its Managing Director & Chief Executive Officer for a five-year term, effective December 18, 2025. His appointment, cleared by the Board and supported by the Nomination and Remuneration Committee, follows necessary regulatory approvals. Mr. Shukla brings more than 30 years of experience in housing and mortgage finance. He previously spent 16 years at Tata Capital Housing Finance in senior leadership roles and has worked with ICICI Bank and LIC Housing Finance. Welcoming him on board, Chairperson and Non-Executive Nominee Director Shri D. Surendran said Mr. Shukla’s industry expertise…

EV two-wheelers are no longer a niche. As more Indians consider switching to EV two-wheelers, one thing is quietly making that decision easier: reliable public charging infrastructure. EV adoption in India has grown steadily over the past few years with state and central governments pushing policies to make charging infrastructure (CI) more accessible. However, while several manufacturers focus on building vehicles, very few are investing at scale to build the kind of public charging network India needs. That’s why some players, like Ather Energy, are choosing to go deep on CI. Their goal: reduce range anxiety, make charging effortless, and…

IndusInd Bank and Jio-bp have introduced the IndusInd Bank Jio-bp Mobility+ Credit Card, a co-branded offering designed for customers seeking fuel savings along with lifestyle rewards. This marks IndusInd Bank’s first fuel-focused credit card and Jio-bp’s debut in co-branded cards. Powered by the RuPay network, the card offers accelerated reward points on fuel spends across Jio-bp’s 2,050+ mobility stations, along with benefits at convenience stores and wildbean café outlets. Cardholders also earn rewards on everyday categories such as groceries, dining, and supermarkets, supported by UPI-enabled digital payments. The card features welcome and milestone rewards, bonus points on fuel spends, and…

Raghu Mocherla

Bengaluru: Biocon Biologics Ltd, a subsidiary of Biocon Ltd, has entered into a settlement and license agreement with Regeneron and Bayer to commercialize its biosimilar Aflibercept (40 mg/ml) across Europe and other global markets, following an earlier agreement covering the US and Canada. The agreement enables Biocon Biologics to commercialize Yesafili®, its biosimilar Aflibercept, worldwide and brings an end to all related litigation. The company plans to launch Yesafili in the UK in January 2026, with rollout in other covered markets from March 2026 or earlier under certain conditions. Financial terms remain confidential. Yesafili, a VEGF inhibitor, is used to…

Bengaluru: Mahindra Tractors, India’s No. 1 tractor brand and the world’s largest by volume, is strengthening its readiness to meet growing demand for its four-wheel drive (4WD) tractor range, driven by increasing agricultural and haulage activities, particularly in states such as Madhya Pradesh. With a wide 4WD portfolio spanning 20–70 hp across its Arjun, Novo, YuvoTech+, Jivo and OJA series, Mahindra offers tractors designed to suit diverse soil conditions and both small and large farms. Developed and tested in India for Indian farming needs, these tractors feature robust construction, heavy-duty axles, higher ground clearance and larger tyres for reliable performance…

MethodHub Software Limited, a Bengaluru-based technology solutions and consulting company, today listed its equity shares on the BSE SME platform, marking a key milestone in its growth journey. The public issue received robust investor interest, with overall subscription reaching 28.10 times, led by strong demand from Non-Institutional Investors and healthy participation from Retail and Qualified Institutional Buyers. The listing strengthens the company’s plans to scale global delivery and expand its services through its wholly owned US subsidiary, MethodHub Consulting Inc. Commenting on the development, Mr. Ahobilam Nagasundaram, Promoter and Executive Director, said the listing reflects investor confidence in MethodHub’s business…