31, Aug 2026
PaySprint Launches SprintPGx: India’s Most Intelligent Multi-Gateway Payment Platform
New Delhi, 31st August 2026: PaySprint Private Limited, one of India’s fastest-growing B2B Banking FinTech and RegTech infrastructure companies, today announced the launch of SprintPGx, an intelligent Multi-PG (Multi Payment Gateway) platform purpose-built for Indian enterprises. SprintPGx eliminates one of the most persistent and costly pain points in digital commerce: payment failures. By connecting businesses to 10+ payment gateways simultaneously through a single integration and using artificial intelligence to route every transaction in real time, SprintPGx delivers higher conversion, lower cost, and near-zero downtime without any change to the customer checkout experience.
The Silent Revenue Drain Facing Indian Enterprises
On average, 2 to 5% of all online payment attempts in India fail, a figure that may seem small until the scale is applied. For an enterprise processing ₹100 crore in monthly transaction volume, that translates to ₹2 to 5 crore in lost revenue every single month from payments that simply did not go through.
These failures stem from a single structural vulnerability: dependence on one payment gateway. When that gateway experiences downtime, high traffic, or approval rate dips for a specific card type or bank, businesses are left powerless. SprintPGx was built to permanently solve this problem.
How SprintPGx Works
SprintPGx functions as an invisible intelligence layer between a merchant’s checkout page and multiple payment gateways. When a customer initiates a payment, SprintPGx receives the transaction in under 100 milliseconds, analyzes the card type, issuing bank, transaction amount, time of day, and historical success rates, and routes the payment to the gateway most likely to approve it, all before the customer notices anything.
If the selected gateway fails or times out, SprintPGx automatically switches to the next best option in milliseconds. The platform supports three core routing strategies: Success Rate Routing (routes to the gateway with the highest historical approval rate for that card-bank combination), Cost-Based Routing (directs transactions to the cheapest available gateway, reducing MDR costs by up to 20 basis points), and Load Balancing (distributes payment load across gateways during peak traffic periods such as festive sales or IPL ticketing).
SprintPGX Key Highlights
What sets SprintPGx apart from every other multi gateway solution in the market is how those routing rules are created. Merchants do not need to write code, build a separate integration or manually configure logic to change how their transactions are routed. They simply tell PIX, PaySprint‘s in built AI agent, what they want in plain conversational language, and the rules are applied. A merchant can state that all high value transactions on a particular bank’s cards should go to the gateway with the best approval rate, or that traffic should shift to the lowest cost provider after a certain hour, and PIX configures it instantly. This makes SprintPGx the only platform of its kind in India where payment routing can be managed entirely through natural language, without engineering support or vendor intervention.
Performance That Speaks for Itself
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+2 to 5% Payment Success Rate Uplift |
>20bps MDR Cost Savings |
99.99% Uptime SLA |
<80ms Routing Decision Speed |
A Complete Payment Operations Platform
Beyond intelligent routing, SprintPGx is a full-stack payment operations platform. Its Unified Dashboard consolidates all transactions, settlements, refunds, and reports from every connected gateway into a single real-time view, ending the operational burden of logging into multiple portals. Automated Reconciliation reduces reconciliation overhead by up to 3x for finance teams. The platform‘s PCI-DSS-compliant, enables seamless recurring payments and card-on-file transactions for subscriptions and EMI-based businesses.
SprintPGx is integrated with 10+ payment gateways including Razorpay, PayU, Cashfree, Phonepe, and Paytm PG and can handle 10,000+ transactions per second, making it purpose-built for India’s highest-volume enterprises. Developer-friendly SDKs for Node.js, Python, PHP, Java, and Go, alongside native mobile SDKs and pre-built plugins for Shopify, WooCommerce, and Magento, allow most merchants to go live in hours.
Security & Compliance at the Core
SprintPGx is certified under ISO 27001, SOC 2 Type II, and PCI DSS, the most comprehensive compliance stack available in the Indian payments market. The platform employs AES-256 encryption for data at rest, TLS 1.3 for data in transit, Zero-Trust architecture, multi-factor authentication, and 24/7 real-time monitoring. Regular VAPT testing and annual third-party security audits ensure the platform continues to meet the rigorous standards of regulated industries.
“At PaySprint, we built SprintPGx because we saw a problem that was quietly costing Indian enterprises crores every month. A single payment gateway is no longer enough for businesses operating at scale. SprintPGx is not just a routing tool; it is the payment intelligence layer that Indian enterprises have needed. We are giving businesses the same kind of infrastructure that was previously only available to the largest global players, and we are delivering it with a compliance stack, a dedicated implementation team, and India-first thinking baked into every feature.”
S. Anand, Founder & CEO, PaySprint
Who SprintPGx Is Built For
SprintPGx is purpose-designed for e-commerce and D2C brands with high-volume transaction peaks, fintech and lending platforms requiring compliance and recurring payment support, healthcare and insurance providers with sensitive billing requirements, EdTech and subscription businesses dependent on card-on-file transactions, event ticketing and travel platforms that cannot afford checkout failures during demand spikes, and enterprise retail chains requiring unified reconciliation across multiple locations.
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- By Neel Achary
31, Aug 2026
The Girl Who Wants to Make Clean Air a Right on Every Construction Site
New Delhi, Aug 31: When Aarna Gupta was growing up in South Delhi, pollution was something she could see, hear about and occasionally struggle to escape. But it became something far more personal when her grandfather developed lung scarring.
During the COVID-19 pandemic, as her family made repeated trips to the hospital, Aarna began to see environmental inequality differently. She realised that the burden of polluted air is not shared equally—and that for millions of people, exposure to harmful air is not something they can simply choose to avoid.
That realisation eventually took her beyond her own neighbourhood.
Aarna began spending time observing construction sites and speaking with workers and children who live around them. What stayed with her was the everyday exposure: workers spending long hours surrounded by dust and debris, often without masks or adequate protection, while children living around construction sites were breathing the same air.
She also noticed another consequence that rarely makes it into conversations about construction pollution: children missing school because of health problems.
“For me, it became about understanding how environmental inequality impacts people who are out there every day,” Aarna says.
At just 17, that question has led her to Aeroshield, a prototype designed to turn one of the most familiar features of a construction site—the scaffold net—into an active layer of protection against airborne pollutants.
The idea has also taken Aarna into the Top 40 of Samsung Solve for Tomorrow, Samsung’s flagship CSR programme that gives young innovators a platform to develop solutions to real-world problems through mentorship, resources and access to an innovation ecosystem. For Aarna, the programme is an opportunity to take Aeroshield beyond an idea and work towards making it viable at scale.
A scaffold net that does more than contain debris
Construction activity contributes nearly 30% of urban emissions and generates large quantities of airborne particulate matter. Conventional dust-control measures can be temporary, resource-intensive and difficult to maintain under the harsh conditions of active construction sites.
Aeroshield takes a different approach.
Instead of simply containing debris, the proposed low-cost net is designed to capture and degrade pollutants. A starch-based superabsorbent polymer (SAP), synthesised through graft copolymerisation, is designed to trap airborne particles through capillary absorption and electrostatic forces.
The captured pollutants are then targeted for degradation using photocatalytic materials engineered with oxygen deficiencies. When exposed to sunlight, these materials generate reactive oxygen species , creating a pathway to break down trapped pollutants and potentially contribute to the degradation of certain greenhouse gases.
The result is intended to be a construction net that does not merely stand between a construction site and the surrounding environment—but actively works to reduce the pollutants passing through it.
Importantly, Aarna says the ambition is not to create another complicated system that construction sites would struggle to adopt.
Aeroshield is being designed around existing construction infrastructure, with roller-line manufacturing envisioned to make the solution scalable while reducing water use and keeping production costs low.
The prototype is now ready.
A teenager thinking beyond the prototype
For Aarna, however, the technology is only one part of the ambition.
Her larger goal is to see protection for construction workers become part of a broader regulatory shift.
She wants basic protection from construction-related air pollution to become something workers can expect—not something they have to ask for.
“If a labourer feels safe, productivity improves,” she says.
That belief has shaped the way she thinks about Aeroshield. The objective is not innovation for innovation’s sake, but commercial viability: a solution that can be affordable, manufactured at scale and integrated into the way construction already works.
Her journey has also been shaped by the people closest to her.
When Aarna found herself unable to spend as much time outdoors because of pollution, her parents encouraged her to channel her curiosity into science. Her mother, who ran an education centre for children with special needs, also gave her an early understanding of how differently people experience the same environment—and how important it is to design solutions around those who are most vulnerable.
That combination of personal experience, scientific curiosity and social observation has become the foundation of her work.
Aeroshield began with a question about pollution.
It has evolved into a much bigger question about who gets protected from it.
From one girl’s observation to a larger vision for India
Aarna’s journey reflects a larger shift in how India’s young innovators are approaching environmental challenges: not simply asking how to make technology more sophisticated, but how to make it useful, accessible and capable of changing systems.
For Aarna, the answer lies somewhere between the laboratory and the construction site.
The cloth she first imagined has evolved into a technology designed to harness sunlight and accelerate the breakdown of pollutants. The problem she first saw through her grandfather’s illness has expanded into a concern for workers and children exposed to polluted air every day. And the prototype she has built is only the beginning of what she hopes will eventually become a commercially viable product and, ultimately, part of a change in construction-site safety standards.
At 17, Aarna is not claiming that one invention can solve India’s air-pollution crisis.
Her ambition is more focused.
She wants to make sure that the people who build India’s cities do not have to sacrifice their health to build them.
Because sometimes, a solution to a massive environmental problem begins not in a boardroom or a research institute, but with one young person noticing something everyone else has learned to live with—and refusing to accept it as normal.
31, Aug 2026
India’s Toll Revenue Eyes 12 pc Growth in FY28 on Higher Rates, Steady Traffic
New Delhi, Aug 31: India’s toll collection revenue is projected to grow by up to 12 per cent in FY28, supported by periodic toll-rate revisions and resilient traffic movement, according to an industry report.
The expected growth underlines the continued expansion of India’s road infrastructure network and steady movement of passengers and goods across national highways and expressways.
Higher toll rates are expected to provide a direct boost to collections, while stable traffic volumes could offer additional support. Rising freight movement would be particularly important for sustaining revenue growth, as commercial vehicles account for a significant share of highway traffic.
The outlook is also positive for road developers, operators and infrastructure investment vehicles that depend on toll revenues for cash flows. Stronger collections can improve the financial performance of operational road assets and support investment in the sector.
India’s expanding highway network is another structural factor supporting the revenue outlook. As new expressways and highway stretches become operational, the number of toll-paying routes is expected to increase, creating additional opportunities for revenue generation.
The trend has wider economic significance. Efficient highways can reduce transportation time and logistics costs, improve connectivity between production centres and markets, and support the movement of goods across states. Recent government data also highlights the rapid expansion and digitisation of India’s national highway network, with FASTag playing a major role in streamlining toll payments.
At the same time, the sector could face challenges if economic activity or freight movement slows, while diversion of traffic to alternative routes could affect individual toll-road projects.
Overall, the projected double-digit growth in toll collections points to continued momentum in India’s infrastructure ecosystem. Rising traffic, periodic rate revisions and the addition of new road assets are expected to remain key drivers of revenue growth through FY28.
31, Aug 2026
MRO-TEK Returns to Its Legacy Identity as MRO-TEK Networks Ltd charting its next chapter in Networking
Bengaluru, 31 August 2026: Umiya Buildcon Limited today announced its official company name change to MRO–TEK Networks Ltd, reaffirming its legacy identity and strategic focus on telecom and networking solutions. The move aligns the company’s corporate identity with its flagship MRO–TEK brand, strengthening market recognition while reflecting its long-term vision for growth in India’s evolving digital infrastructure ecosystem.
The MRO–TEK brand is arguably the oldest and first Indian Network OEM company and has long been associated with India’s telecom and networking industry, backed by decades of engineering expertise and trusted technology solutions. By returning to its legacy identity and strengthening the R&D, the company aims to solidify its market recall while reinforcing its long-term growth strategy in digital infrastructure and enterprise networking. MRO–TEK Networks Ltd designs and manufactures telecom and networking products and solutions that support enterprises, telecom operators and critical infrastructure across India.
Commenting on the announcement, Aniruddha Mehta, Chairman & Managing Director, MRO–TEK Networks Ltd, said: “MRO–TEK is more than a brand name; it represents our legacy, our technology heritage, and the trust we have built over the years. Returning to this identity is a strategic step that reflects our roots and increased investments into R&D expansion while positioning us for the next phase of growth. As India’s digital infrastructure continues to expand, we remain committed to delivering innovative and reliable solutions that create long-term value for our customers, partners, and stakeholders.”
As India accelerates investments in digital infrastructure, data centres, enterprise networking and secure connectivity, MRO–TEK Networks Ltd remains focused on expanding its technology portfolio through indigenous innovation while strengthening its position across telecom, enterprise and critical infrastructure segments.
Group Captain C.S. Krishnadas (Retd), CEO, MRO–TEK Networks Ltd, added: “Our renewed identity aligns our brand with our core strengths of indigenous product development & R&D and long-term vision. This transition reflects our focus on strengthening our market position while continuing to develop products that support the evolving requirements of enterprises and critical infrastructure. We remain committed to innovation, operational excellence, and sustainable growth as we move forward.”
The company will progressively transition its corporate communications, digital platforms and stakeholder engagement initiatives to reflect the MRO–TEK identity. The return to the MRO–TEK name does not impact the company’s operations, existing customer relationships, partnerships or commitments, ensuring seamless business continuity while reinforcing its positioning for future growth.
31, Aug 2026
Vedanta Oil and Gas Steps Up Mangala Field Recovery Efforts
As per its corporate filings, India’s leading private oil and gas producer, Vedanta Oil and Gas Limited plans to invest $200 million in FY27 across Rajasthan North to accelerate enhanced recovery initiatives, production optimisation and resource-to-reserve conversion programmes.
“From redefining India’s onshore oil landscape to emerging as a cornerstone of domestic oil production – the Mangala field stands as a testament to the country’s hydrocarbon journey. Today, we are focused on unlocking its next phase of growth. Through advanced technologies, targeted workovers, sidetracks and well interventions, we aim to increase recovery from 30% to 60%. We are also evaluating unconventional opportunities with proven partners to unlock additional value from the reservoir. With substantial potential still ahead, Mangala will continue to drive sustainable production and strengthen India’s energy security for decades ahead.”
31, Aug 2026
NAREDCO Maharashtra to advocate for Rs. 10,000 crore investment in Indian real estate
Mumbai, 31st August 2026: As India advances toward its Viksit Bharat vision, the real estate sector is emerging as a critical driver of economic growth, productivity, and job creation. The sector remains one of the largest contributors to employment generation, capital formation, and urban development, underpinning robust macroeconomic prospects with the potential to scale up to $10 trillion by 2047. Having reached a market size of $650 billion in 2025, the Indian real estate sector currently contributes 7.3% to the national GDP—a share projected to expand significantly to approximately 20% in the coming decades.
In a major push to accelerate this growth narrative, NAREDCO Maharashtra will host its flagship Real Estate & Infrastructure Investors’ Summit 2026 (REIIS 2026) on 3rd September 2026 in Mumbai. Centered on the theme ‘RE-Defining India’s Growth Story,’ REIIS 2026 aims to directly facilitate and promote foreign investments across Indian real estate. JLL India is releasing an exclusive report on redevelopment in Mumbai at the event. At the summit, NAREDCO will advocate for target investment commitments exceeding ₹10,000 crore, alongside the announcement of a landmark initiative by the Government of Maharashtra: the launch of an International Business & Finance Center (IBFC) in Nagpur to establish a new regional financial hub and decentralize economic growth across the state.
Speaking about the launch of an International Business & Finance Center (IBFC) at Nagpur, Shri Sanjay Meena IAS, Metropolitan Commissioner, NMRDA said, “Naveen Nagpur IBFC is envisioned as a landmark development that will create a new business and investment destination for Nagpur and Central India. Spread across 1,710 acres, it will offer integrated infrastructure and a complete business ecosystem for corporates, GCCs, startups and financial institutions. As NMRDA, our focus is to develop Naveen Nagpur with quality infrastructure, efficient governance and a strong investment environment, strengthening Nagpur’s position as a major economic destination in Central India.”
Driven by landmark infrastructure developments such as Mumbai 3.0, transit-oriented corridors, and urban redevelopment, Maharashtra‘s real estate sector is positioned for unprecedented expansion. Surging interest from international institutional investors across Japan, Korea, the Middle East, and other global markets forms part of a broader investment target for the state, comprising ₹10,000 crore in foreign direct investments (FDI) and domestic institutional capital.
The high-profile convergence at REIIS 2026 will bring together policymakers, global and domestic institutional investors, banking leaders, AI and proptech innovators, and key industry stakeholders to deliberate on capital flows, urbanization strategies, alternative financing, and technology integration in Indian real estate.
The day-long summit features a packed lineup, beginning with an exclusive Power Breakfast on “Mumbai 3.0: The Innovation City”, an AI and Proptech Pavilion, and a series of dynamic panel discussions covering themes such as alternative capital, cross-border expansions, AI integration, and real estate liquidity blueprints.
The summit will feature key addresses and participation from eminent leadership and dignitaries including Shri Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra; Pranav Adani, Director, Adani Enterprises, Gautam Singhania, Chairman, Raymond Realty, Durga Shanker Mishra, IAS (Retd), Former Chief Secretary, Uttar Pradesh; Paritosh Kashyap, Whole‐time Director, Kotak Mahindra Bank ; Kaku Nakhate, Chairperson, Bank of America Securities India; Ashutosh Singh, MD and CEO, BSE Indices; Dr. Sanjay Mukherjee, IAS, Commissioner, MMRDA; Sanjay Meena IAS, Metropolitan Commissioner NMRDA; Maninder Cheema, Executive Director, SEBI; Kaustubh Dhavse, Chief Advisor (Investments & Strategy) to the Chief Minister of Maharashtra, among others.
Speaking on the vision for the summit, Mr. Kamlesh Thakur, President, NAREDCO Maharashtra said, “REIIS 2026 comes at a pivotal juncture as Maharashtra leads transformative infrastructure and urban development. Under the theme ‘RE-Defining India’s Growth Story,’ the summit will bring together developers, venture capital and institutional investors to unlock sustainable capital flows, promote proptech adoption and shape actionable growth opportunities for the region’s evolving built environment.”
Emphasizing long-term opportunities, Dr. Niranjan Hiranandani, Chairman, NAREDCO India noted, “India’s growth narrative is closely linked to the trajectory of its infrastructure and real estate sectors. With initiatives such as Mumbai 3.0 reshaping connectivity, significant opportunities are emerging through residential, commercial, data centres and logistics. REIIS 2026 provides a platform to rethink investment strategies, harness AI and build resilient structures that can support India’s journey towards a multi-trillion-dollar economy.”
Mr. Sandeep Runwal, Chairman, NAREDCO Maharashtra said, “The next phase of India’s real estate growth will be shaped by the alignment of capital, innovation and infrastructure with the needs of a rapidly urbanizing economy. REIIS 2026 brings together developers, investors, financial institutions and technology leaders to foster stronger investment partnerships, explore innovative financing models and advance sustainable, technology-enabled urban development.”
Highlighting the macroeconomic momentum, Mr. Rajan Bandelkar, Former Vice Chairman, NAREDCO India stated, “India’s real estate sector has institutionalized into a mature asset class that commands deep global confidence. Also, with the NextGen leadership stepping up, their innovative approach and fresh perspectives are driving new value and opening up modern avenues for foreign and domestic investments. REIIS 2026 highlights the critical role of alternative capital, private equity, and structured investment vehicles in sustaining this momentum. By bringing together foreign and domestic funds, this summit will explore equity and debt structures necessary to finance India’s urbanization surge.”
India’s real estate investment market maintains exceptional momentum with Q1 2026 transaction volumes reaching USD 1.7 billion, a 37% year-on-year increase, driven by a 178% surge in core asset acquisitions to USD 1.03 billion, demonstrating sustained institutional investor confidence despite global macroeconomic complexity, according to JLL India. This growth comes despite extended decision-making timelines driven by global macroeconomic complexity, demonstrating the resilience and fundamental strength of India’s real estate market. The quarter witnessed a significant structural shift in investor preferences, with core asset acquisitions surging 178% to USD 1.03 billion. This trend has accelerated into Q2, with core asset deals already totaling USD 1.48 billion, signaling sustained confidence in stable, income-generating properties, JLL added.
Key Highlights & Market Projections for REIIS 2026
The summit will commence with an exclusive Power Breakfast focused on “Mumbai 3.0: The Innovation City,” followed by the inauguration of a dedicated AI and Proptech Pavilion. Throughout the day, high-level panel discussions and keynote fireside chats will feature leaders from global alternative asset manager Brookfield, Raymond Realty, and other esteemed industry speakers. Key sessions will also provide insights into the deployment of AI in Indian real estate, regional expansion strategies from local to pan-India footprints, and new blueprints for real estate liquidity.
• Foreign Direct Investment (FDI): Projected ₹10,000 crore in foreign investment inflows into Maharashtra‘s real estate and infrastructure projects in FY27.
• Proptech & AI Acceleration: Dedicated showcases on AI integration, automated property management, and tech-enabled construction efficiency.
• Mumbai 3.0 & Infrastructure Dialogue: Strategic discussions with state leadership on expanding urban transit corridors, industrial zones, and redevelopment blueprints.
The event will conclude with an address by Chief Guest Shri Devendra Fadnavis, Hon’ble Chief Minister of Maharashtra.
31, Aug 2026
PM Modi Visits Mahatma Gandhi Centre in Tashkent, Highlights Growing Interest in Indian Culture and Civilisation
Tashkent, Aug. 31: Prime Minister Narendra Modi’s visit to the Mahatma Gandhi Centre at Tashkent State University of Oriental Studies on Sunday offered a glimpse into the growing academic and cultural interest in India in Uzbekistan.
Yesterday’s visit to the Mahatma Gandhi Centre at Tashkent State University of Oriental Studies was interesting for quite a few reasons:
Got to see a vibrant Indology ecosystem.
Saw great passion towards studying about India.
Immense work on Gandhi Ji’s life.
Growing… pic.twitter.com/K4BM69UJwb
— Narendra Modi (@narendramodi) August 31, 2026
During his visit, the Prime Minister witnessed a vibrant Indology ecosystem, with students and scholars demonstrating strong enthusiasm for studying India’s civilisation, culture and history.
A key highlight of the visit was the extensive academic work being undertaken on the life and legacy of Mahatma Gandhi. The Centre has been playing an important role in promoting awareness of Gandhi’s philosophy and contribution among students and researchers.
Prime Minister Modi also noted the growing interest in Tamil culture and literature among the academic community. The increasing engagement with India’s diverse linguistic and cultural traditions was seen as an encouraging sign of deeper people-to-people and academic ties between India and Uzbekistan.
The visit also featured a special interaction with students, who recited a few lines from poems written by Prime Minister Modi. The gesture added a personal and cultural dimension to the visit.
The Prime Minister’s visit underscored the expanding educational and cultural links between India and Uzbekistan and highlighted the role of academic institutions in strengthening mutual understanding and civilisational connections between the two countries.
31, Aug 2026
India’s Mobile Manufacturing Sector Records Massive Growth, From 2 Factories in 2014 to 300+ in 2026
New Delhi, Aug. 31: India’s mobile phone manufacturing sector has witnessed a remarkable transformation over the past decade, emerging as a major pillar of the country’s electronics manufacturing ecosystem.
Representational Image
Highlighting the sector’s growth, Union Minister for Electronics and Information Technology Ashwini Vaishnaw said India has moved from having just two mobile phone manufacturing units in 2014 to more than 300 units by 2026.
India’s mobile sector growth, rising from 2 phone factories in 2014 to over 300 by 2026, with production value jumping from ₹18,000 cr to ₹6.27 lakh cr and exports from ₹1,500 cr to ₹2.60 lakh cr.#DigitalIndia @AshwiniVaishnaw pic.twitter.com/7GVy9zmQl8
— Ministry of Electronics & IT (@GoI_MeitY) August 31, 2026
The expansion has been accompanied by a sharp rise in both domestic production and mobile phone exports, reflecting the growing strength of India’s electronics manufacturing ecosystem.
Production value jumps to ₹6.27 lakh crore
According to the figures highlighted by the minister, the value of mobile phone production in India has increased from around ₹18,000 crore in 2014 to approximately ₹6.27 lakh crore in 2026.
This represents a dramatic expansion in manufacturing capacity and underscores India’s growing role in the global mobile phone supply chain.
Exports witness massive surge
Mobile phone exports have also recorded a significant increase during the period.
From around ₹1,500 crore in 2014, India’s mobile phone exports have risen to approximately ₹2.60 lakh crore in 2026.
The sharp increase in exports reflects India’s transition from a largely import-dependent market to a major manufacturing and export base for mobile devices.
Policy push strengthens electronics manufacturing
The growth has been supported by initiatives such as Make in India, the Production Linked Incentive (PLI) scheme and other measures aimed at expanding domestic electronics manufacturing.
The government has now introduced a ₹62,500-crore Mobile Phone Manufacturing Scheme (MPMS) to further strengthen the sector, deepen domestic value addition and improve India’s global competitiveness. The scheme is also aimed at supporting Indian mobile phone brands, design capabilities and domestic intellectual property.
The latest figures underline the scale of India’s transformation in mobile manufacturing and signal the government’s continued focus on making the country a global hub for electronics production and exports.
31, Aug 2026
Bharat Connect Forex Surges Past INR 11 Crore in Four Months, Signals Rising Digital Demand
New Delhi, Aug 31: Digital foreign exchange services are gaining traction in India, with forex transactions through NBBL’s Bharat Connect platform crossing ₹11.19 crore between April and July 2026.
The sharp rise in transaction value highlights growing consumer acceptance of digital channels for foreign exchange, as customers increasingly look for simpler, more transparent and convenient ways to access forex services.
The forex category on Bharat Connect was launched in 2025 in partnership with the Clearing Corporation of India Ltd.’s FX-Retail platform. During FY26, the platform processed forex transactions worth around ₹2.71 crore. With the latest four-month performance, the cumulative transaction value has reached approximately ₹13.90 crore.
The service allows customers to access forex through participating banking and digital platforms, including facilities for purchasing foreign currency, loading forex cards and making eligible outward remittances. The integration with FX-Retail provides customers access to real-time pricing, helping them compare available rates before completing transactions.
The growing adoption comes as digital financial services continue to expand beyond traditional banking transactions. By bringing forex services onto an interoperable digital infrastructure, Bharat Connect is helping reduce dependence on fragmented and largely offline processes.
The platform has also seen an increase in larger-value transactions, reflecting greater customer confidence in digital forex services and the benefits of transparent, market-linked pricing.
The latest milestone underlines the changing way Indian consumers access foreign exchange, with digital platforms increasingly becoming a preferred route for services linked to international travel, overseas education, remittances and other cross-border needs.
With transaction volumes rising rapidly in the first four months of FY27, Bharat Connect’s forex offering is emerging as another example of India’s expanding digital financial ecosystem and the growing demand for convenient, transparent financial services.
31, Aug 2026
Food-safe NXD tupH® surface protection from NORD DRIVESYSTEMS
Aug 31: With NXD tupH® from NORD DRIVESYSTEMS, users of hygiene-sensitive applications in food & beverage and primary packaging industries can benefit from the strengths of aluminium drive solutions. The food-safe surface treatment provides aluminium with properties that make the material comparable to stainless steel in terms of hygiene and corrosion resistance.
With NXD tupH®, NORD DRIVESYSTEMS has developed an effective and food-safe surface protection especially for aluminium housings. The respective gear units, smooth motors and decentralised frequency inverters become particularly corrosion-resistant and withstand extensive cleaning procedures in food processing industries over the long term. NXD means “NORD eXtreme Duty”; tupH combines the English terms “tough” and “pH-value”.
Test prove chemical resistance
NXD tupH® combines a special surface treatment with a high-performance sealer. The result is a non-porous surface that can be cleaned hygienically and neither flakes off nor corrodes after numerous cleaning cycles. NXD tupH® has proven its chemical resistance in a long-term test, including the use of Ecolab cleaning agents. NORD drive components with NXD tupH® surfaces are furthermore food-safe in accordance with the requirements of the FDA, EU and Switzerland as well as the MERCOSUR states. They are suitable for food-contact applications in the fields of food & beverage and primary packaging.
Economical alternative to stainless steel drives
With this, NORD provides users with an economical and powerful alternative to stainless steel drives. Drive solutions with aluminium housings are more lightweight and allow for compact design. Since aluminium dissipates heat well, a higher power density and lower surface temperatures can be achieved. With NXD tupH®, aluminium housings now also become chemical-resistant, making the drive solutions durable and increasing the system availability in wash-down applications.
The surface protection from NORD does not require any special design and thus no separate warehousing and installation costs. The manufacturer applies its surface treatment to existing components. This way, it can use the options of its modular products for the drive system design, and supply tailor-made NXD tupH® drive systems completely from a single source.
The food-safe NXD tupH® surface protection makes NORD drive systems with aluminium housings more resistant to cleaning chemicals
NXD tupH®-treated complete solutions from a single source
NXD tupH® is available for all NORD aluminium products with a smooth surface, including the integrated DuoDrive gear unit / motor system, the energy-efficient IE5+ smooth motors as well as NORDBLOC.1® helical in-line gear units and NORDBLOC.1® helical bevel gear units. Furthermore, with NORDAC ON PURE, a decentralised frequency inverter with NXD tupH® surface will be available soon. Solution provider NORD can thus supply complete drive systems with food-safe surface treatment from a single source.
