20, Mar 2026
HCLFoundation Announces Winners of 11th HCLTech Grant, Empowering NGOs Across Water, Biodiversity, Health, and Education
NOIDA, Mar 20: HCLFoundation, which drives the corporate social responsibility agenda of global technology company HCLTech in India, today announced the winners of the 11th edition of the HCLTech Grant.
HCLTech Grant supports Indian non-government organizations (NGOs) undertaking innovative and transformative projects across the themes of Water, Biodiversity, Healthcare and Education. This year’s edition sees the introduction of Water as a category and increased grant outlay to ₹24 crores (approx. $2.58 million, 1 INR=93 USD).
Four NGOs will receive ₹5 crore (approx. $537,000) each for their proposed projects.
- Water Category: Gramin Vikas Vigyan Samiti (GRAVIS), Rajasthan. To enhance water harvesting and storage to build resilient and sustainable desert communities in the Thar desert, covering 10 villages in Barmer district.
- Biodiversity Category: Live Foundation, Jharkhand. To revive biodiversity and forest ecosystems through community-led in-situ conservation in 50 villages in West Singhbhum district.
- Health Category: Goodwill Foundation, Mizoram. To improve the health and well-being of rural communities by enhancing access to healthcare services in 40 villages in Mamit district.
- Education Category: Mahila Jan Adhikar Samiti, Rajasthan. To promote gender equality among young women through holistic education in 30 villages in Ajmer district.
Additionally, eight NGOs will receive ₹50 lakh (~$53,700) each for their proposed projects.
- Water: Leh Nutrition Project, Ladakh; Watershed Organisation Trust, Madhya Pradesh
- Biodiversity: Regional Centre for Development Cooperation, Odisha; South Asian Forum for Environment (SAFE), West Bengal
- Health: EKJUT, Jharkhand; Utkarsh Welfare Foundation, Uttar Pradesh
- Education: Shri Bhuvneshwari Mahila Ashram, Uttarakhand; Youth Council for Development Alternatives, Odisha
“Over a decade now, HCLTech Grant has been a catalyst for change in the development sector and contributed to the Viksit Bharat vision. It has empowered NGOs to innovate and scale up creatively to solve complex social and environmental issues, especially at the last mile. Congratulations to the winning NGOs and we wish them the very best for their mission to bring visible and inclusive changes to the communities they are working in,” said Dr. Nidhi Pundhir, Director, HCLFoundation.
For this edition, 7,274 registrations were received from NGOs across India. The winners were selected by a distinguished jury, which included Roshni Nadar Malhotra, Chairperson, HCLTech; Robin Ann Abrams (Jury Chair), Former Board Member, HCLTech; Pallavi Shroff, Managing Partner, Shardul Amarchand Mangaldas & Co; BS Baswan, Former HRD Secretary and Former Director, Indian Institute of Public Administration; Dr. Richard Lariviere, Sanskrit Scholar & President Emeritus, The Field Museum, Chicago and Suresh Narayanan, Former Chairman & Managing Director, Nestle India Ltd.
The HCLTech Grant-supported projects have significantly advanced sustainable development over the past decade, uplifting 2.2 million lives across 60,000+ villages. The grant-funded initiatives have led to the planting of 177,000 saplings, the rejuvenation of 128,100 hectares of land and a reduction of 67,095 tons in CO2 emissions. To learn more about HCLTech Grant, visit: www.hclfoundation.org/hcltech-grant
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- By Neel Achary
20, Mar 2026
IIT Mandi Invites Applications for Its First 2-Month Multi-Track Summer Residential Programme ‘HIMSHIKHAR 2026’
Mumbai, Mar 20: The Indian Institute of Technology Mandi (IIT Mandi), one of India’s leading IITs, through its Centre for Continuing Education (CCE), invites applications for its first 2–month summer residential programme, HIMSHIKHAR 2026. The programme is designed to equip students and young professionals with industry aligned skills in emerging technologies and entrepreneurship, while bridging the gap between academia and industry.
The programme offers an immersive on-campus experience, enabling participants to live and learn within the IIT Mandi ecosystem while working on real-world projects under the guidance of faculty and industry mentors. Structured across 190 hours of engagement, the programme includes 100 hours of faculty-led sessions, 50 hours of tutorial sessions conducted by PhD scholars, and 40 hours of sessions delivered by industry experts.
Five Specialized Tracks Across Emerging Technologies:
1. Software Development with AI: Focuses on building intelligent applications by combining core software development skills with AI Driven capabilities.
2. Artificial Intelligence & Machine Learning : Covers key concepts of AI and ML to develop systems that can analyse data, learn patterns and solve real world challenges.
3. Agentic AI Systems: Introduces autonomous AI systems that can independently perform tasks and make decisions in dynamic environments.
4. Data Science: Emphasizes data analysis, visualization and predictive modelling to derive actionable insights for decision-making.
5. Entrepreneurship & Venture Building: Develops entrepreneurial skills, focusing on start-up ideation, business model creation, and innovation-driven growth.
Speaking on the launch, Prof. Tushar Jain, Head of the Centre for Continuing Education (CCE) at IIT Mandi, said, “HIMSHIKHAR 2026 programme combines academic rigor, national skilling infrastructure, and outcome-driven training for learners. Every module emphasises building, problem-solving, and working with real tools, guided by practitioners, and faculty who understand industry demands.”
Eligibility and Admission Process:
• Minimum Eligibility: Candidates are eligible to apply for various specialization tracks, with the starting minimum entry requirement being passed in Class 12 or an equivalent qualification from a recognized board.
• Application Submission: Interested candidates are required to fill out the online application form through the official website of HIMSHIKHAR 2026.
• Entrance Test: Applicants must appear for an entrance test assessing reasoning and analytical abilities.
• Counselling Process: Shortlisted candidates will be invited for counselling, where they can select their preferred track and receive provisional admission details.
• Final Admission: Candidates must confirm their seat by completing the admission formalities and fee payment within the stipulated timeline.
Total Seats Available: 250 seats in each track (1250 seats in total)
The programme will commence in May 2026, with reporting starting from May 16, 2026, followed by the beginning of classes from May 18, 2026.
Through this initiative, IIT Mandi continues to strengthen its commitment to bridging the gap between academic learning and industry requirements by equipping young learners with future-ready skills in emerging technologies and innovation-driven domains.
20, Mar 2026
Proof Over Perception, Code Over Combat: India Redefines Modern Warfare Playbook at WION World Pulse
New Delhi, Mar 20th: At the Defence Pulse session of WION World Pulse, leading voices from India’s military and defence technology ecosystem highlighted how modern warfare is being reshaped by credibility, speed, and indigenous innovation.
The session featured Air Chief Marshal Rakesh Kumar Singh Bhadauria, Former Chief of the Air Staff in Indian Air Force; Prahlada Ramarao, Former Distinguished Scientist and Chief Controller, Missiles & Strategic Systems, DRDO; and Ankit Mehta, Co-founder, ideaForge.
Drawing from India’s recent military response under Operation Sindoor, Air Chief Marshal Bhadauria emphasised that in today’s conflicts, verifiable proof holds more power than narrative-building, asserting that visible outcomes define credibility on the global stage.
Air Chief Marshal Rakesh Kumar Singh Bhadauria said, “When you have satellite images showing all nine targets struck, what narrative is left to build? The images themselves become the narrative—clear, credible and undeniable.”
Highlighting the technological shift in warfare, Mehta pointed to the rapid evolution of battlefield tactics, stressing that adaptability and indigenous systems are becoming decisive factors.
Ankit Mehta, co-founder of ideaForge, said, “Warfare today is increasingly software-defined. The speed at which you can adapt, upgrade and respond in real time is what determines your advantage on the battlefield.”
Adding to this, the discussion reinforced the importance of self-reliance in defence capabilities with a strong focus on building domestic ecosystems that reduce dependence on external supply chains during critical moments.
Prahlada Ramarao, former distinguished scientist and chief controller, of missiles & strategic systems, DRDO said, “Strategic autonomy in defence is no longer optional—it is essential. Indigenous capability ensures resilience, faster innovation, and preparedness in an increasingly uncertain security environment.”
The session underscored a broader shift where warfare is no longer just about firepower, but about information dominance, technological agility, and credible deterrence, positioning India at the forefront of a rapidly transforming global defence landscape.
20, Mar 2026
India’s Energy Transition Accelerates: Focus on Self-Reliance, Clean Power and Global Leadership
India’s energy transition is entering a decisive phase, driven by strong policy direction, rapid capacity expansion, and a clear focus on Aatmanirbharta (self-reliance), Union Minister of State for Power and Renewable Energy Shripad Naik has said.
Highlighting India’s progress in the power sector, he noted that the country is not only expanding its clean energy capacity at record speed but also strengthening its position as a global leader in renewable energy transformation.
Rapid Growth in Clean Energy Capacity
India’s installed power generation capacity has more than doubled since 2014, with the share of non-fossil fuel sources rising to over 51% by October 2025. This milestone has enabled India to achieve its Nationally Determined Contribution (NDC) target of 50% non-fossil capacity nearly five years ahead of schedule.
In FY 2025–26 alone, the country added a record 47.3 GW of non-fossil energy capacity, reflecting strong momentum in solar, wind, and other renewable sources.
Solar energy, in particular, has seen exponential growth—from just 2.8 GW in 2014 to more than 140 GW by early 2026—making it one of the fastest-growing segments in India’s energy mix.
Strengthening Energy Independence
A key focus of India’s strategy is reducing dependence on imported fossil fuels through large-scale electrification and clean energy adoption. The government is pushing electrification across mobility, agriculture, and industry to reduce oil imports and improve long-term energy security.
Officials estimate that these combined efforts could save over ₹1 lakh crore in fossil fuel imports by the end of the decade.
India is also targeting 30% electric vehicle penetration by 2030, signalling a strong shift towards cleaner transport systems.
Boost to Domestic Manufacturing
The push for clean energy is being matched with efforts to strengthen domestic manufacturing capabilities.
Under the Approved List of Models and Manufacturers (ALMM) framework, India has developed:
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Around 172 GW of solar module manufacturing capacity
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Approximately 27 GW of solar cell production capacity
This expansion is aimed at reducing import dependency and building a strong domestic renewable energy supply chain.
Social Inclusion Through Energy Access
Alongside industrial growth, the transition is also focusing on inclusive development. Key government programmes are improving energy access for rural and underserved communities.
The Revamped Distribution Sector Scheme (RDSS) is supporting electrification of 13.6 lakh vulnerable tribal households, strengthening rural infrastructure and energy access.
Similarly, the PM Surya Ghar: Muft Bijli Yojana aims to bring rooftop solar power to 1 crore households by 2027. So far, over 32 lakh households have already adopted rooftop solar systems under the scheme.
The PM-KUSUM scheme is also transforming agriculture by promoting solar-powered irrigation, benefiting millions of farmers while reducing diesel dependency.
Green Hydrogen and Future Energy Vision
India is also positioning itself as a global leader in the emerging green hydrogen economy. The National Green Hydrogen Mission, with an outlay of ₹19,744 crore, aims to achieve:
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5 million metric tonnes of annual production by 2030
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125 GW of dedicated renewable energy capacity
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Creation of nearly 6 lakh jobs
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Capture of around 10% of global green hydrogen demand
This marks a major step toward building a future-ready clean energy ecosystem.
From Capacity Building to System Strength
Experts note that India’s energy policy is now shifting from rapid capacity expansion to strengthening grid systems, improving integration, and enabling market reforms.
New regulatory mechanisms such as dynamic solar and non-solar pricing windows and virtual power purchase agreements are being introduced to reduce congestion and improve efficiency in the power grid.
Conclusion
India’s energy transition reflects a combination of scale, speed, and strategic planning. With record renewable expansion, strong manufacturing growth, and increasing focus on self-reliance, the country is steadily shaping its role as a global clean energy leader.
As policy evolves from capacity creation to system optimisation, India’s power sector is expected to become more resilient, efficient, and globally influential in the years ahead.
20, Mar 2026
Odisha Steps Into Semiconductor Era with ‘O-CHIP’ Programme and INR 26 Crore Push
Odisha is taking a strategic leap into India’s fast-growing semiconductor sector with the launch of the ‘O-CHIP’ Programme, backed by an allocation of ₹26 crore in the Odisha Budget 2026. The initiative aims to position the state as an emerging hub in semiconductor design, innovation, and skilled talent development.
Pic Credit: Pexel
The programme reflects Odisha’s broader ambition to move beyond traditional industrial strengths and establish a strong presence in high-technology sectors that are critical to the future economy.
Building a Semiconductor Design Ecosystem
The ‘O-CHIP’ initiative is focused on developing a strong foundation for semiconductor design capabilities within the state. Rather than concentrating only on manufacturing, the programme emphasises innovation, research, and chip design development.
Key focus areas include:
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Strengthening semiconductor design infrastructure
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Encouraging innovation-driven research
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Supporting startups and deep-tech ventures
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Building industry-academia collaboration
This approach is expected to help Odisha integrate into India’s national semiconductor value chain.
Focus on Talent and Skill Development
A major pillar of the programme is human capital development. Odisha aims to build a skilled workforce capable of contributing to advanced semiconductor and electronics industries.
The initiative is expected to support:
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Specialised training in chip design and electronics
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Skill development programmes for engineering students
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Collaboration with technical institutions and research bodies
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Creation of industry-ready talent for global semiconductor firms
This talent-focused strategy is designed to ensure long-term sustainability in the sector.
Strengthening India’s Semiconductor Vision
India is actively working to expand its semiconductor ecosystem, and Odisha’s entry through the O-CHIP programme adds regional depth to this national mission. By focusing on design and innovation, the state aims to complement existing semiconductor initiatives across the country.
The programme is expected to:
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Encourage private sector participation
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Attract semiconductor startups and design firms
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Support India’s self-reliance in chip technology
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Strengthen domestic capability in advanced electronics
Economic and Industrial Impact
While still in its early stage, the initiative has the potential to reshape Odisha’s industrial landscape. Over time, it could:
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Create high-skilled employment opportunities
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Attract investment in electronics and IT hardware
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Promote startup growth in deep-tech sectors
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Diversify the state’s industrial base beyond mining and manufacturing
The ₹26 crore allocation marks the beginning of a longer roadmap aimed at building a future-ready digital economy in Odisha.
Conclusion
With the launch of the ‘O-CHIP’ Programme, Odisha is positioning itself as a new entrant in India’s semiconductor design ecosystem. Backed by targeted investment and a focus on innovation and skill development, the initiative signals a shift toward high-tech industrial growth.
If implemented effectively, O-CHIP could help Odisha emerge as an important contributor to India’s semiconductor ambitions and a growing centre for advanced technology development.
20, Mar 2026
NITI Aayog Plans INR 7,500 Crore Push to Boost India’s Sports Goods Industry
India is preparing for a major industrial upgrade in its sports goods and equipment sector, with NITI Aayog proposing ₹7,500 crore in structural reforms and fiscal incentives for the period 2027–2031. The initiative aims to position India as a globally competitive hub for sports manufacturing while significantly boosting exports, employment, and innovation.
This ambitious roadmap is built around a seven-pronged strategy designed to strengthen production capacity, modernise infrastructure, and integrate Indian manufacturers into global supply chains.
India’s Sports Manufacturing Sector Set for Major Expansion
The sports goods industry in India has traditionally been driven by small and medium enterprises, but global demand for fitness equipment, sportswear, and performance gear is rising rapidly. Recognising this opportunity, the proposed policy framework focuses on scaling up domestic manufacturing capabilities.
The goal is clear: transform India from a cost-based supplier into a quality-driven global exporter of sports equipment.
Key Objectives of the ₹7,500 Crore Reform Plan
The proposed strategy focuses on long-term structural transformation rather than short-term subsidies. Key priorities include:
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Expansion of modern manufacturing clusters
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Technology upgradation in production units
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Improved testing, certification, and quality standards
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Better logistics and supply chain efficiency
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Incentives to attract private and foreign investment
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Strengthening export-oriented production systems
These reforms are designed to improve efficiency, reduce costs, and enhance global competitiveness.
Boosting Exports and Global Market Share
A major focus of the initiative is to increase India’s presence in the global sports goods market. Currently, India holds a relatively small share despite strong domestic manufacturing potential.
The policy aims to:
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Increase exports of sports equipment and fitness products
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Improve international quality compliance standards
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Promote “Made in India” branding in global markets
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Strengthen trade competitiveness against established exporters
If successfully implemented, India could emerge as a key alternative manufacturing hub for global sports brands.
MSMEs at the Core of Growth Strategy
Micro, small, and medium enterprises form the backbone of India’s sports manufacturing ecosystem. The reform plan places strong emphasis on supporting MSMEs through:
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Easier access to credit and incentives
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Skill development and workforce training
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Cluster-based industrial development
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Integration into global value chains
This is expected to create large-scale employment opportunities, especially in traditional manufacturing regions.
Economic and Employment Impact
The sports goods sector has the potential to become a high-employment industry, particularly for semi-skilled and skilled workers. The proposed reforms are expected to:
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Generate new manufacturing jobs
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Strengthen export-linked income opportunities
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Encourage entrepreneurship in small-scale industries
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Support regional industrial development
States with existing manufacturing clusters are likely to benefit significantly from this growth push.
Conclusion
NITI Aayog’s proposed ₹7,500 crore reform package marks a strategic step toward transforming India’s sports goods industry into a globally competitive manufacturing powerhouse. By combining infrastructure development, export promotion, and MSME support, the initiative aims to unlock long-term growth potential in a sector with rising global demand.
If implemented effectively, this vision could place India firmly on the global map as a leading exporter of sports goods and equipment by the end of the decade.
20, Mar 2026
Large imaging study changes understanding of the origins of Parkinson’s rest tremor
| A Finnish clinical imaging study shows that rest tremor in Parkinson’s disease is not explained by greater dopamine loss. In contrast, tremor appears to be associated with relatively better-preserved dopamine function. |
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Researchers from the University of Turku and Turku University Hospital, Finland, analysed clinical data and dopamine transporter (DAT) imaging data from 414 Finnish patients. The cohort consisted of patients examined in routine clinical practice for uncertain parkinsonism or tremor, making the findings exceptionally well generalisable to real-world clinical settings. The results were published on 19 March 2026 in Neurology®, the prestigious medical journal of the American Academy of Neurology. The cardinal motor symptoms of Parkinson’s disease are slowness of movement (bradykinesia), muscle stiffness (rigidity), and rest tremor. Bradykinesia and rigidity are known to reflect degeneration of dopamine-producing neurons. Because most brain pathways cross, this association is typically observed in the striatum on the side opposite to the symptoms. In contrast, the biological basis of rest tremor has long remained uncertain. The study revealed a clear and consistent phenomenon: rest tremor was associated with higher dopamine transporter binding in the striatum on the same side as the tremor. Other cardinal motor symptoms, however, showed the expected correlation with dopamine deficits in the opposite hemisphere. “These results show that more severe rest tremor is not simply a marker of more advanced damage to the dopamine system,” says the lead author, Neurologist Kalle Niemi, MD, PhD. “Tremor appears to involve a partly distinct neurobiological mechanism.” The findings confirm the group’s earlier observations made using data from the international Parkinson’s Progression Markers Initiative (PPMI) cohort, where a novel imaging analysis technique developed by the research team was first applied. The replication of the results in an independent and clinically representative cohort strengthens the reliability of the observed phenomenon. “Our findings support the view that different symptoms of Parkinson’s disease may be driven by partly distinct neural network and neurotransmitter mechanisms,” Niemi explains. “This may help explain why tremor behaves differently from symptoms such as bradykinesia.” Using the same methodological framework, the research team also demonstrated that key non-motor symptoms of Parkinson’s disease including depression, anxiety, and REM sleep behaviour disorder are primarily linked to monoaminergic systems other than dopamine. Taken together, these findings reinforce the concept of Parkinson’s disease as a complex brain disorder involving alterations across multiple neural networks and neurotransmitter systems. A more precise understanding of the biological differences between symptoms may, in the future, enable the development of more targeted and personalised treatment approaches. |
20, Mar 2026
Vibhor Steel Tubes bags INR 16.87 crore order for supply of fabricated and galvanised towers
Mumbai, Mar 20: Haryana-based high-quality steel tubes and pipes maker, Vibhor Steel Tubes Ltd (VSTL), has received Rs 16.87 crore order for supply of fabricated and galvanised towers from Agrawal Infracab, a leading manufacturer of cables and conductors for overhead power transmission and distribution lines across the country.
Fab and gal towers are typically used for infrastructural purposes requiring high strength, durability, and corrosion resistance.
Commenting on the development, Mr Vijay Kaushik, Chairman and Executive Director, Vibhor Steel Tubes, said,
“We have been witnessing a buoyant demand for value added steel products backed by a steady growth in infrastructure projects across the country. This order is a testament of our strong manufacturing capabilities and our commitment to deliver high-quality fabricated and galvanised steel towers reinforcing our position as a trusted partner in the fast-growing infrastructure and power transmission sectors. We have seen a healthy growth in our order book this year and we are confident of sustaining the growth momentum moving forward.”
In June this year, VSTL commissioned its 1.56 lakh MT greenfield project in Odisha and subsequently commenced supply of crash barriers, power transmission line towers, Electric Resistance Welded (ERW) and Galvanised (GI) pipes produced at the unit. The plant, which entailed a total investment of Rs 119.83 crore, offers several value-added steel products such as power transmission line towers, crash barriers, high mast lighting poles, octagonal poles and monopoles.
With the new capacity commissioned, the company’s total capacity has increased to 377,000 MTPA, located across its three plants in Maharashtra, Telangana and Odisha.
The company manufactures steel products such as electric resistance welded pipes, hot-dipped galvanized pipes, hollow section pipes and primer painted pipes among others. VSTL, which has a contract manufacturing agreement with Jindal Pipes to manufacture and supply finished goods under the brand name Jindal Star, currently sees over 80% of its total turnover coming from this one segment.
20, Mar 2026
AAEON to Present Elite Networking Platforms at Upperside World Congress
AAEON will be at Booth 306 of Le Palais des Congrès de Paris between March 24th and March 26th, 2026.
(Taipei, Taiwan – Mar 20) AAEON, a leading producer of AI and networking platforms, will present a range of new products at the Upperside World Congress from March 24th – 26th, 2026.
Date: March 24 – 26, 2026
Booth: 306
Venue: Palais des Congrès de Paris, Paris, France
The event, which is expected to host over 1,000 participants from 60 countries and 268 companies, will include a number of discussions and keynote speeches from leading industry figures, heavily focused on the role of AI and machine learning in critical networking infrastructures, as well as exploring the issues and challenges faced in scaling modern datacenter architectures.
AAEON will be at booth 306, and will showcase a range of networking and security appliances, with particular emphasis on their utility for uCPE, SD-WAN, UTM, and NGFW solutions, such as:
FWS-2290 & FWS-2291 – Desktop network appliances featuring both Intel Processor N-series and Intel Atom® Processors x7000RE Series for the Edge CPUs, ideally suited to uCPE, SD-WAN, and UTM deployments.
FWS-2370 – High-performance desktop network appliance powered by the Intel Atom® Processor C5315, boasting up to 14 LAN ports, on-chip technologies such as Intel® QAT and Intel® VT-d/VT-x, and 5G, 4G/LTE, Wi-Fi, cellular, and network module support.
FWS-7851 – An enterprise-grade security appliance supporting 12th, 13th, and 14th Gen Intel® Core™ Processors, up to ten 2.5GbE RJ-45 ports, and dual GbE SFP ports, with optional 10GbE SFP+ expansion.
FWS-7700 – High-performance Rackmount Network Appliance featuring Intel® Xeon® 6 Processors and modular NIM slot expansion.
Among its portfolio of hardware platforms, AAEON will also be showcasing an array of NIM modules compatible with upcoming Rackmount Network Appliances, facilitating functions such as dual 100-Gigabit Ethernet connectivity for high-performance server and network security gateway deployments.
Make sure to use the code 30620UWCP6BR for a 20% discount on admission to visit AAEON at Booth 306 from March 24 – 26, 2026.
20, Mar 2026
TransIndia Enters Greater Matunga District, Strengthening Residential Footprint in Mumbai
Mumbai, Mar 20: TransIndia, a trusted Mumbai-headquartered real estate developer with over 15 years of experience in residential and mixed-use development, founded by Mr. Rajendra Rajan, has announced its strategic entry into the Greater Matunga District, encompassing key micro-markets such as Matunga and Sion one of the fast-emerging residential corridors in Mumbai and the wider Mumbai Metropolitan Region (MMR).
Over the past four years, the Greater Matunga District catchment has witnessed consistent price appreciation, with residential values rising by approximately 37% ft. by the end of 2025. At this level, pricing remains closely aligned with South Central Mumbai, reflecting only a marginal variance and reinforcing the district’s steadily strengthening premium positioning.
The outlook continues to remain optimistic, with value growth expected to accelerate further, driven by rising redevelopment momentum and ongoing infrastructure enhancements across the micro-market. These factors collectively enhance the area’s attractiveness and point towards sustained capital appreciation in the coming years. At the same time, supply dynamics remain favourable, with the estimated time required to liquidate available inventory standing at approximately 18 months, indicating a healthy absorption rate. Notably, the current inventory mix is heavily skewed towards under-construction supply, with only about 2% of units ready to occupy and nearly 98% under development, further supporting future price stability and growth.
Mr. Rajendra Rajan, Founder, TransIndia Group, said,
“Greater Matunga District, including Matunga and Sion, offers a rare balance of legacy, connectivity, and residential character. It is among the few micro-markets in Mumbai that combine central location with quality social infrastructure and a strong community environment. Our entry reflects TransIndia’s long-term vision to develop high-quality residential projects that respect the area’s cultural fabric while introducing modern, sustainable living solutions. We believe this project will be a game changer for the micro-market and set new benchmarks for residential development in this part of the city.”
The transformation of the Greater Matunga District is being underpinned by an unprecedented scale of infrastructure development, with over ₹3.50 lakh crore worth of capital deployed across key projects and more than 2,078 kilometres of infrastructure either delivered or under construction. The micro-market enjoys proximity to some of Mumbai’s most critical connectivity upgrades, including Metro Lines 3 and 4, the suburban railway network, monorail access, and major arterial routes such as the Eastern and Western Express Highways. Additionally, landmark infrastructure such as the Mumbai Trans Harbour Link (Atal Setu), the Mumbai–Ahmedabad Bullet Train corridor, and the Delhi–Mumbai Expressway further enhance regional accessibility. With seamless connectivity to both the existing Chhatrapati Shivaji Maharaj International Airport and the upcoming Navi Mumbai International Airport, the district is emerging as a highly integrated and future-ready urban node, strengthening its appeal as a premium residential destination.
The Greater Matunga District’s enduring appeal is further strengthened by its robust and well-established social infrastructure, which continues to drive strong end-user demand across segments. The neighbourhood offers seamless access to a wide network of reputed educational institutions, healthcare facilities, and lifestyle destinations within a short radius. From leading institutes such as VJTI, ICT, and Welingkar Institute of Management to prominent colleges, schools, and hospitals including Hinduja Hospital and Tata Memorial Hospital, the area is deeply anchored in both academic and healthcare excellence. In addition, its proximity to key commercial hubs, premium retail destinations, and the Chhatrapati Shivaji Maharaj International Airport enhances overall liveability and convenience. This rare blend of cultural legacy, connectivity, and everyday infrastructure positions the district as one of Mumbai’s most stable and sought-after residential micro-markets, particularly for families and long-term homeowners.
TransIndia’s entry into the Greater Matunga District builds on the Group’s philosophy of creating long-term value through quality, sustainability, and thoughtful design. With a strong legacy of assets aligned with international standards, the company now brings the same discipline, execution capability, and vision to residential real estate.
As the Greater Matunga District continues to evolve into one of Mumbai’s most desirable residential addresses, TransIndia Group’s entry marks a defining moment, underscoring its confidence in the corridor and its clear, long-term vision for urban living in the MMR region.
