30, Jul 2026
Texmaco Rail, Touax and TrinityRail Plan 100 New Rakes to Strengthen India’s Freight Network
New Delhi, July 30: Texmaco Rail & Engineering, in collaboration with Touax and TrinityRail, has announced plans to invest in 100 rail rakes in India over the next three to five years, marking a major step towards strengthening the country’s freight transportation infrastructure.
The partnership aims to increase the availability of modern rail freight assets, improve logistics efficiency, and support the growing movement of goods across industries. The investment is expected to help businesses access more reliable and sustainable transportation solutions while contributing to India’s expanding rail ecosystem.
By combining Texmaco Rail’s manufacturing expertise with the global experience of Touax and TrinityRail in rail asset management, the collaboration seeks to develop efficient freight solutions tailored to India’s evolving logistics needs.
The initiative comes as India continues to focus on improving supply chain connectivity, reducing transportation bottlenecks, and increasing the role of railways in freight movement. The expansion of rail capacity is expected to benefit sectors such as manufacturing, infrastructure, and logistics.
The partnership reflects growing confidence in India’s rail infrastructure growth and highlights the importance of private sector participation in building a stronger, more efficient, and future-ready freight network.
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- By Neel Achary
30, Jul 2026
Experience the Legacy of Max Verstappen and Daniel Ricciardo at The Bay, Ecoworld with Oracle Red Bull Racing RB14 Display and Immersive Gaming Activations
Bengaluru, July 30: The Bay, Ecoworld brought the thrill of Formula 1 and motorsport-inspired gaming to Bengaluru through a series of immersive Red Bull experiences, giving employees a unique opportunity to witness an iconic Formula 1 car up close and test their racing skills in a state-of-the-art gaming environment.
The celebrations were headlined by the Oracle Red Bull Racing RB14 Formula 1 Static Car Display, which brought a replica of the iconic Oracle Red Bull Racing RB14 Formula 1 car to Bengaluru for the first time. Employees and visitors had a rare opportunity to experience the excitement of Formula 1 up close while learning about the RB14, the car raced by Formula 1 stars Max Verstappen and Daniel Ricciardo during the 2018 Formula One season.
The Bay, Ecoworld also hosted the Red Bull Gaming Ground, a two-day activation featuring a first-of-its-kind large-scale portable gaming lounge equipped with state-of-the-art racing simulators and PlayStation 5 gaming stations. Visitors participated in thrilling racing challenges, competed with colleagues for the fastest lap times and enjoyed an interactive gaming experience designed to recreate the intensity and adrenaline of motorsport.
Together, the two experiences reflected The Bay, Ecoworld‘s commitment to curating engaging lifestyle experiences that go beyond the workplace. By bringing together an iconic Formula 1 showcase, interactive gaming and cutting-edge racing simulators, the destination created memorable moments while reinforcing its position as a vibrant hub for community engagement, entertainment and experiential activations.
The Bay is an experiential F&B district located at Ecoworld, a marquee mixed-use development in Bengaluru managed by BGRE, a leading global developer and operator of high-quality real estate assets.
30, Jul 2026
India Maintains Strong Economic Momentum as Global Uncertainties Persist
New Delhi, July 30: India’s economy continues to show resilience despite challenges in the global environment, according to the latest Finance Ministry report. The assessment highlights that strong domestic demand, steady investment, and ongoing policy support are helping the country maintain its growth momentum.
The report noted that while factors such as geopolitical tensions, global market fluctuations, and economic uncertainties remain areas of concern, India’s underlying economic fundamentals continue to provide stability. Key sectors, including manufacturing, services, infrastructure, and digital growth, are contributing to overall economic expansion.
The government has emphasized that continued reforms, improved business conditions, and investments in infrastructure will play an important role in sustaining long-term growth. Strong consumer activity and increasing private sector participation are also supporting the economy’s recovery and expansion.
The Finance Ministry said India remains focused on strengthening economic stability, encouraging innovation, and creating opportunities for inclusive growth. Despite external challenges, the country’s growth outlook remains positive, supported by its strong domestic foundation and reform-driven approach.
As global conditions continue to evolve, India is expected to maintain its focus on sustainable development and building a stronger, more resilient economy.
30, Jul 2026
From 5G Growth to 6G Leadership: India Sets Ambitious Vision for Future Connectivity
New Delhi, July 30: India is set to witness a major expansion in next-generation connectivity, with the country’s 5G user base expected to double and reach around 100 crore users by 2030, according to Union Communications Minister Jyotiraditya Scindia.
The announcement highlights India’s rapid progress in digital infrastructure and its growing ambition to become a global leader in advanced telecommunications technology. The expansion of 5G services is expected to drive innovation across sectors, including healthcare, education, manufacturing, agriculture, and digital services.
Scindia also said that India is preparing to play a leading role in the global 6G technology race, with efforts focused on research, innovation, and building a strong domestic telecom ecosystem. The country aims to develop cutting-edge communication technologies that can support future digital growth and strengthen its position in the global technology landscape.
The rapid rollout of 5G networks has already transformed connectivity across India, enabling faster internet speeds, improved digital services, and new opportunities for businesses and consumers. Continued investment in telecom infrastructure and research is expected to further accelerate the adoption of advanced technologies.
The government’s focus on 5G and 6G development reflects India’s broader vision of creating a digitally empowered economy and positioning the nation as a key player in the future of global communications.
30, Jul 2026
Ethanol Fuel Push to Support Cleaner Mobility as Government Rules Out Inflation Concerns
New Delhi, July 30: The government has clarified that the use of broken rice for ethanol production has not contributed to inflation, as India continues to expand its ethanol blending programme to support cleaner energy and reduce dependence on imported fuel.
The initiative is expected to benefit the automobile sector by promoting the use of ethanol-blended petrol and encouraging manufacturers to develop vehicles that support cleaner fuel technologies. Higher ethanol blending can help reduce emissions while improving India’s energy security.
Officials said the programme is being implemented with proper monitoring to ensure a balance between fuel requirements, food security, and consumer interests. The move is also expected to create new opportunities for farmers by increasing demand for agricultural products used in ethanol production.
As India moves towards sustainable transportation, the growth of ethanol-based fuels is likely to play an important role in shaping the future of mobility and supporting greener vehicle solutions.
30, Jul 2026
Flat June PCE forecast masks persistent U.S. services inflation, Truflation finds
Core PCE is forecast at 3.3% year-on-year, supporting a cautious, higher-for-longer Federal Reserve outlook
ZURICH, July 30 – Truflation, the independent, real-time economic data provider, released its June U.S. Personal Consumption Expenditures Price Index (PCE) forecast, projecting flat headline inflation of 0.0% month-on-month and 3.7% year-on-year.
Key findings from Truflation’s June forecast include:
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Core inflation remained elevated: Core PCE, which excludes food and energy, is forecast to rise 0.2% month-on-month and 3.3% year-on-year, indicating that underlying inflationary pressures remain persistent.
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Services continued to drive underlying pressure: Healthcare and transportation costs rose during June, with transportation services recording the strongest monthly increase among the major categories tracked.
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Energy relief may prove temporary: Gasoline and energy goods prices fell 7.3% month-on-month, but renewed geopolitical tensions continue to pose upside risks to oil and gas prices.
Lower gasoline prices helped contain headline inflation during June as crude prices retreated and pump prices declined for five consecutive weeks following May’s increase.
Services inflation, however, remained resilient. Healthcare prices rose 0.26% month-on-month and 4.16% year-on-year, reflecting continued pressure from insurance, labor, and prescription drug costs. Transportation services increased 0.84% month-on-month and 11.0% year-on-year as airlines, transit systems, and ride-hailing platforms continued to pass through higher operating costs.
Softer prices in food services and accommodation, as well as furnishings and durable goods, provided some offset. Clothing and footwear prices were broadly unchanged on the month but remained 4.97% higher year-on-year as earlier tariff increases and higher import costs continued to feed through into retail pricing.
“The flat headline should not distract from the persistence of underlying inflation,” said Oliver Rust, Head of Data at Truflation. “Core inflation remains well above target, while healthcare and transportation services continue to place pressure on household costs. While this supports the case for the Federal Reserve to keep rates unchanged for now and maintain a higher-for-longer approach, any renewed energy pressures or a material upside inflation surprise could still bring further tightening back into consideration.”
Truflation’s PCE forecast draws on more than 15 million live price points that are updated daily from over 30 commercial and public data sources, using daily market-price data to provide an up-to-date view of inflation trends ahead of the official monthly release.
30, Jul 2026
Employee Reserved Portion Sees Strong Response, subscribed 89 percent on Day 1; Manipal Health Enterprises IPO Subscribed 15 percent
Mumbai, July 30: The Initial Public Offering (IPO) of Manipal Health Enterprises Limited was subscribed 0.15 times on the first day of bidding, with participation from retail, qualified institutional buyers (QIBs), non-institutional investors and employees.
The issue received bids for 1,30,96,350 equity shares against 9,00,88,286 equity shares on offer, according to data available on the stock exchanges.
The Retail Individual Investors (RII) portion was subscribed 0.25 times, the Non-Institutional Investors (NII) portion 0.07 times, the Qualified Institutional Buyers (QIBs) portion 0.14 times, and the Employee Reserved portion 0.89 times.
The issue kicked off for subscription on Wednesday, July 29, 2026, and will close for subscription on Friday, July 31, 2026.
A day before the opening of the issue, Manipal Health Enterprises Limited had raised Rs 4,167 crore from anchor investors. The anchor book witnessed participation from several marquee global institutional investors, including Abu Dhabi Investment Authority – Stable, Templeton Emerging Markets Fund and Allianz Global Investors Fund – Allianz India Equity, amongst others.
Brokerage houses recommend Manipal Health Enterprises
Leading brokerage firms like Anand Rathi, BP Wealth, Canara Bank Securities, ICICI Securities and SBI Securities have given their “Subscribe” recommendation to Manipal Health Enterprises Limited
Anand Rathi highlights the company is the largest pan-India multispecialty hospital network by bed capacity and the second-largest hospital chain by number of hospitals as of March 31, 2026.
On the valuation front, at the upper price band, company is valued at a PE of 85.4 to its FY26 earnings with market cap of Rs 7,76,056 million post issue of equity shares. Recommend a “SUBSCRIBE” rating for the long-term.
SBI Securities highlights the company delivers a comprehensive range of healthcare services which includes outpatient services to complex tertiary and quaternary interventions.
On the valuation front, at the upper price band of Rs 590, the issue is valued at an EV/EBITDA of 29.4 times based on FY26 Proforma earnings on a post-issue basis, which is fairly valued against industry peers. Recommend a “SUBSCRIBE” rating for the long-term.
IPO Details:
The IPO is a fresh issue of up to Rs 8,000 crore, and an offer-for-sale of up to 21,613,834 equity shares by promoters – Imperius Healthcare Investments Pte. Ltd, and Manipal Education and Medical Group India Private Limited.
Investors selling shares include TPG SG Magazine Pte. Ltd, Seventy Second Investment Company LLC, Ammar Sdn Bhd, Novo Holdings Invest Asia A/S and Phoenix Bear Investments, LLC.
The proceeds from its fresh issuance worth Rs 5,552.7 crore will be utilised for repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by one of the company’s material subsidiaries, Manipal Hospitals Private Limited, Rs 574 crore for acquisition of minority stake in the company’s step-down subsidiary, Sahyadri Hospitals Private Limited, and general corporate purposes.
Investors can bid for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.
Company Information
The company operates a pan-India network of multispecialty hospitals delivering a comprehensive range of care services—from outpatient services to complex tertiary and quaternary interventions. As of March 31, 2026, the company operated 49 hospitals with 13,037 licensed beds across 14 states and union territories.
The company has the widest footprint in terms of presence of hospitals among private hospital chains in India as of March 31, 2026 (Source: CRISIL Report). It is the largest pan-India multispecialty hospital network by bed capacity and the second-largest hospital chain by number of hospitals as of March 31, 2026 (Source: CRISIL Report).
For Fiscal 2026, the company reported the second-highest revenue from operations of ₹103,297.51 million (₹109,336.34 million on a pro forma basis) among private hospital chains in India (Source: CRISIL Report).
In its three key regions of Karnataka, Maharashtra and Goa and West Bengal, Odisha, Jharkhand, and Sikkim, the company had 6,404, 2,188 and 2,887 licensed beds, respectively, as of March 31, 2026.
30, Jul 2026
Tamil Nadu Sets Benchmark in Digital School Infrastructure Across Southern India
Chennai, July 30: Tamil Nadu has achieved a significant milestone in strengthening digital education, emerging as the leading state in southern India for the implementation of ICT laboratories and smart classrooms under the Centre’s Samagra Shiksha programme.
The initiative has helped transform learning environments across government schools by introducing technology-enabled classrooms, digital learning resources, and improved access to modern educational tools. These facilities are supporting teachers in delivering more interactive lessons while helping students develop essential digital skills for the future.
The expansion of ICT infrastructure reflects Tamil Nadu’s continued commitment to improving the quality of school education and ensuring that students from diverse backgrounds have access to technology-driven learning opportunities. By integrating digital tools into classrooms, the state is working towards creating a more inclusive, engaging, and future-ready education system.
The progress under the programme highlights the growing importance of technology in education and demonstrates how investments in digital infrastructure can enhance teaching methods, encourage student participation, and prepare young learners for a rapidly changing world.
30, Jul 2026
Microsoft Reports Strong Fourth-Quarter Performance as Cloud and AI Drive Continued Growth
July 30: Microsoft concluded its fiscal year with a strong financial performance, reporting fourth-quarter revenue of $90 billion, an 18 percent increase compared with the same period last year. The results reflect continued momentum across the company’s cloud computing, enterprise software, and artificial intelligence businesses, reinforcing Microsoft’s position as a leader in the rapidly evolving technology sector.
A defining highlight of the quarter was the performance of Microsoft Azure, which surpassed $100 billion in annual revenue for the first time. The milestone underscores the growing demand for cloud-based infrastructure and AI-powered services as organizations around the world continue to modernize their operations and invest in digital transformation initiatives.
Growth during the quarter was supported by strong customer demand for Microsoft’s expanding portfolio of cloud solutions, productivity applications, and intelligent business platforms. Enterprises across industries increasingly relied on Microsoft’s technologies to strengthen cybersecurity, improve operational efficiency, and accelerate innovation through data-driven and AI-enabled capabilities.
Artificial intelligence remained a key driver of the company’s performance, with AI features becoming more deeply integrated across Microsoft’s products and services. Continued adoption of AI-powered tools within Azure, Microsoft 365, GitHub, and other enterprise offerings contributed to higher customer engagement and reinforced the company’s long-term growth strategy.
The latest results also highlight Microsoft’s continued investment in expanding its global cloud infrastructure and advancing next-generation AI technologies. These investments have enabled the company to meet rising customer demand while supporting businesses seeking scalable, secure, and intelligent digital solutions.
Looking ahead, Microsoft remains focused on driving innovation across cloud computing and artificial intelligence while helping organizations adapt to an increasingly digital economy. With strong financial momentum, expanding customer adoption, and continued investment in strategic technologies, the company is well positioned to build on its growth in the coming fiscal year.
30, Jul 2026
One Destination for the Industry: JAPAN BUILD Tokyo 2026 Unites 11 Key Sectors Under One Roof
