In a strategic move to accelerate innovation in India's electric vehicle (EV) sector, Ather Energy has entered into an initial partnership with global semiconductor leader Infineon Technologies Asia Pacific. The collaboration, formalized in Seoul, aims to develop next-generation semiconductor technologies tailored for light electric vehicles, charging systems, and vehicle safety features. With India's electric two-wheeler market expanding rapidly, the partnership aspires to deliver energy-efficient, reliable, and cost-effective EV solutions.

On Tuesday, promoters of PG Electroplast Ltd executed a significant divestment, offloading a combined 5.3 percent stake worth Rs. 1,132 crore via open market transactions. This move reduced the promoter group’s holding to 44.07 percent from 49.37 percent, reflecting a strategic liquidity event. Concurrently, institutional investors, including the Singapore government and Motilal Oswal Asset Management, increased their stakes, acquiring shares valued at Rs. 408 crore.

Reliance Power, through its clean energy subsidiary Reliance NU Energies, has secured a significant renewable energy contract from SJVN, marking a decisive leap in India's transition toward integrated, dispatchable green energy solutions. The awarded project entails the development of a 350 MW solar power facility coupled with a 175 MW/700 MWh Battery Energy Storage System (BESS), positioning Reliance Power as the nation’s frontrunner in solar and storage integration.

US-based satellite operator Intelsat has received official authorization from India’s National Space Promotion and Authorization Centre (IN-SPACe) to provide direct satellite coverage to domestic media companies. This approval, a pioneering move for a foreign satellite operator, permits Intelsat to utilize four geostationary satellites—IS-17, IS-20, IS-36, and IS-39—offering C-band coverage across the Indian subcontinent.

Rapido, one of India’s leading ride-sharing platforms, has launched a nationwide initiative in collaboration with the Society for Advanced Clinical and Therapeutic Emergency Medicine (SACTEM) to provide basic life support (BLS) training to its drivers—whom it refers to as "captains." The program, launched on World Emergency Medicine Day (May 27), aims to equip over 1,000 captains across 16 major Indian cities with essential emergency response skills.

India’s economic momentum is poised to decelerate in the fiscal year 2025–26, according to EY’s latest Economy Watch report. While domestic demand remains resilient and inflation continues to ease, a combination of global trade disruptions, recent tariff escalations by the United States, and geopolitical tensions are expected to weigh on the country’s growth trajectory. The report suggests that India will need to adopt a balanced blend of fiscal and monetary strategies to sustain momentum.

Amid strengthening domestic consumption and soaring gold prices, non-banking financial company Indel Money has announced ambitious growth projections for the current fiscal year. The gold loan financier aims to double its assets under management (AUM) to Rs. 4,000 crore in FY26, up from Rs. 2,400 crore recorded at the close of FY25. Buoyed by rising demand for collateral-backed credit, the firm has set a disbursement target of Rs. 10,000 crore for the year.

Tata Chemicals announced a significant boardroom reshuffle with N Chandrasekaran stepping down as Chairman and Director, effective May 29, 2025. The decision, communicated via a formal letter dated May 28, follows Chandrasekaran's reassessment of his expanding professional commitments. His departure concludes a pivotal chapter for Tata Chemicals under his stewardship. S Padmanabhan, a current board member, has been appointed as the new Chairman beginning May 30.

Aegis Vopak Terminals, the storage infrastructure arm of Aegis Logistics Ltd, concluded its Rs. 2,800 crore initial public offering with a robust 2.09 times subscription, underscoring investor interest in India’s growing energy and logistics sectors. The IPO, composed entirely of fresh equity, aims to reduce debt, finance strategic expansion, and bolster general corporate operations. Backed by strong institutional demand and a Rs. 1,260 crore infusion from anchor investors, the offering places the company at an approximate valuation of Rs. 26,000 crore.

Int2Cruises, a cruise-focused online travel platform, has launched operations in India, aiming to transform the cruise booking experience for Indian travelers. With cruise tourism gaining popularity among families, millennials, and multi-generational groups, the company offers a digital one-stop solution that integrates live inventory, real-time pricing, and full-service vacation planning. The platform enables users to compare global cruise options while managing flights, visas, hotels, and excursions—streamlining a process that has traditionally been fragmented.