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Magellanic Cloud forms Rs 100-crore JV with Rayonix Tech, Israel's Xtend to make drones in India
Posted in Startups

Magellanic Cloud forms Rs 100-crore JV with Rayonix Tech, Israel’s Xtend to make drones in India

Surveillance technology firm Magellanic Cloud has formed a joint venture, valued at around Rs 100 crore, with indigenous defence technology firm Rayonix Tech to manufacture…

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Posted in Economy

India’s farm output hits record 357 million tonnes in 2024-25: J&K Lieutenant Governor

Jammu: India is leading the fight against climate challenges, with the country’s agriculture production touching 357 million tonnes in 2024-25, up 25 million tonnes from…

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Posted in Economy

Industrial growth dips to five-month low of 4.1% in March

India’s industrial output growth slowed to a five-month low of 4.1% year-on-year in March from 5.1% in February, dragged by weaker electricity and manufacturing, official…

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Bengaluru leads Delhi, Mumbai in startup deals, investments: CM Siddaramaiah
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Bengaluru leads Delhi, Mumbai in startup deals, investments: CM Siddaramaiah

Bengaluru continues to lead India’s startup ecosystem with 89 deals worth $823 million signed in the January-March quarter of 2026, well ahead of Delhi and…

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Posted in Economy

India allows 25 lakh tonnes additional wheat exports, total reaches 50 lakh tonnes

New Delhi: The Commerce Ministry‘s arm DGFT has notified the government’s decision to permit 25 lakh tonnes of wheat exports. On April 20, the Centre…

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Chinese billionaire overhauls AI startup after warning on Manus
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Chinese billionaire overhauls AI startup after warning on Manus

The fallout from Meta Platforms Inc.’s controversial acquisition of Manus is prompting one tech founder to erect strict walls between his Chinese and US businesses,…

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Deepinder Goyal says AI chat interfaces won't displace food delivery and quick commerce business
Posted in Startups

Deepinder Goyal says AI chat interfaces won’t displace food delivery and quick commerce business

Eternal founder Deepinder Goyal dispelled fears that artificial intelligence (AI) chat interfaces could displace food delivery and quick commerce apps, while making the case that…

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Posted in Economy

India–New Zealand FTA to double India’s engineering exports to $280–300 mn in five years

Kolkata: India’s engineering exports to New Zealand are poised to double over the next five years from USD 140.5 million to USD 280-300 million, following…

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Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder Goyal
Posted in Startups

Eternal targets $20 billion in B2C NOV by FY28; $1 billion in adjusted Ebitda by FY29: Deepinder Goyal

Food and grocery delivery company Eternal, which operates platforms such as Zomato, Blinkit and District, has crossed $10 billion in annual net order value (NOV)…

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Blinkit flags growth moderation as quick commerce firm’s profitability improves
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Blinkit flags growth moderation as quick commerce firm’s profitability improves

India’s largest quick commerce platform Blinkit flagged a potential moderation in growth as the base expands, even as it improved profitability in the January-March quarter….

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