Power Equipment Startup Ayr Energy in Talks to Raise $25-30 Million: Sources
U.S.-based power‑equipment startup Ayr Energy is negotiating a $25‑30 million raise with Energy Impact Partners, which would value the company at roughly $200 million. The firm, founded by former Zetwerk and Ather executives, emerged from stealth in September 2025 with a $250 million order book covering more than 10 GW of new power capacity. Backed by General Catalyst and 3one4 Capital, Ayr operates six manufacturing sites across India and targets AI‑driven electricity demand. A recent lawsuit from former employer Zetwerk alleges trade‑secret theft.
CleanMax to Supply 50 MW Hybrid Renewable Power to Sangam India in Rajasthan
CleanMax Enviro Energy Solutions Ltd announced a partnership with Sangam India Ltd to supply 50 MW of hybrid renewable power in Rajasthan. The project combines 30 MW of solar, 20 MW of wind and a 2 MWh battery storage system, feeding five textile facilities...
ANDRITZ Wins Equipment Order for India’s Largest 3,000 MW Pumped Storage Project in Maharashtra
Technology firm ANDRITZ announced it has won a contract to supply ten pump turbines, motor‑generators and related electromechanical equipment for Torrent Power’s Saidongar‑1 Karjat pumped‑storage project in Maharashtra. The deal, valued at roughly €200 million (about $215 million), will be fulfilled in...
Google Brings Personal Intelligence to Gemini Users in India, Four Months After Beta Launch in US
Google has extended its Personal Intelligence feature for Gemini to users in India, following a four‑month beta in the United States. The upgrade lets Gemini draw on data from Gmail, Photos, YouTube and Search to deliver context‑aware answers across web,...
Wall Street Monitors Private Credit Risk as AI Disruption, Outflows Cause Concern
Wall Street banks are actively stress‑testing their private‑credit holdings but say exposure remains manageable. Three of the six largest U.S. lenders disclosed roughly $108 billion in private‑credit financing, while JPMorgan, Citigroup and Wells Fargo each reported comfortable portfolio positions. The asset class,...
Enterprises Must Embed AI-Led Security, Resilience and Trust, as Cyber Strategies for 2026: KPMG
KPMG’s 2026 cybersecurity report calls on enterprises to treat security as a core business driver, integrating AI, geopolitics and regulation into every layer of their architecture. It stresses adaptive data governance, autonomous Security Operations Centers with human‑in‑the‑loop oversight, and centralized...
Adani Energy Commissions 1,000 MW Power Link in Mumbai
Adani Energy Solutions Limited commissioned a 1,000 MW high‑voltage direct current (HVDC) transmission link between Kudus and Aarey in Mumbai. The line comprises a 30 km overhead segment and a 50 km underground corridor and includes the world’s first compact HVDC substation built...
Aatmanirbhar 2.0: India Building Inner Strength to Get over Supply Chain Pain
India has unveiled Aatmanirbhar 2.0, a refreshed self‑reliance drive aimed at insulating critical supply chains and bolstering energy security amid the West Asia conflict. Prime Minister Narendra Modi ordered ministries to draft short‑ and long‑term sector plans that cut import dependence...
Coal Case: Delhi Court Grants 10-Day ED Custody of I-PAC Director Vinesh Chandel
A Delhi court ordered the Enforcement Directorate to keep Indian PAC Consulting director Vinesh Chandel in custody for ten days as part of a money‑laundering probe tied to an alleged coal‑pilferage scheme. Chandel, a 33% shareholder, was arrested under the Prevention...
Rajasthan CM Reviews Preparations at HPCL’s Pachpadra Refinery Ahead of PM Visit
Rajasthan Chief Minister Bhajan Lal Sharma inspected Hindustan Petroleum Corporation Ltd’s integrated refinery‑cum‑petrochemical complex at Pachpadra ahead of Prime Minister Narendra Modi’s scheduled inauguration on April 21. The CM reviewed the crude distillation unit, control room, and public‑meeting venue, emphasizing timely completion of security,...
Railways, Bharat Petroleum Ink Pact to Develop Gati Shakti Cargo Terminal in Jammu
Indian Railways and Bharat Petroleum Corporation Limited have signed an agreement to build a Gati Shakti multi‑modal cargo terminal near Jammu. The facility at Bajalta will feature 109,225 kilolitres of storage and handle two rail rakes per day, delivering roughly 162,000 metric tonnes...
Jakson Expands Energy Solutions Portfolio with BESS, Solar Kits; Enters E3W Segment
Jakson Group announced a five‑product expansion of its energy solutions portfolio, adding a compact Genset Xtra, a Battery Energy Storage System (BESS), a rooftop Solar Kit, a Mobile Light Tower, and electric three‑wheelers through a new partnership. The launch is...
Coal Stock Adequate for 90 Days Available: Union Coal Minister Kishan Reddy
India’s coal reserves have risen to over 200 million tonnes, enough to power the nation for about 90 days. This marks a jump from the previous 21‑25‑day buffer and follows a second consecutive year of hitting 1 billion tonnes of coal production....
Gadkari Sees Farmers as Future Energy Providers to Reduce Import Dependence
Union Minister Nitin Gadkari told farmers at the Unnat Krishi Mahotsav that they should expand beyond food production to become suppliers of bioenergy, ethanol, compressed natural gas and hydrogen. He highlighted the untapped revenue from agricultural residues and stressed the...
MCG Partners for 25 Battery Swapping Stations to Boost EV Adoption and Reduce Air Pollution
Madhya Pradesh Capital Region (MCG) has signed an MoU with a private agency to build 25 battery‑swapping stations across the city, covering sectors, markets and community hubs. The stations will support two‑wheelers, auto‑rickshaws, cars and heavy vehicles, while MCG supplies...
