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Jio evaluating sovereign LEO satellite constellation, to partner global providers in interim
Reliance Jio is venturing into space communication, planning a sovereign Low-Earth Orbit (LEO) satellite constellation for India. The company is also building ground station infrastructure and partnering with global providers to accelerate service availability. This move positions Jio to compete with international players like Starlink and OneWeb, aiming to connect India from the skies.
Reliance Jio eyes India's own satellite broadband network
Reliance Jio is exploring a plan to build its own satellite network for India. This initiative aims to bring internet access to remote areas. The company is also partnering with global satellite providers. This dual approach will speed up service delivery. Jio is establishing ground stations to support this ambitious project.
Share of services in exports rises to 48.8% in FY26
India's services exports have seen significant growth. The services sector now accounts for nearly half of the country's total exports. This rise is fueled by the IT sector and digital service delivery. Software services lead this expansion. Overall exports have also increased substantially. This trend highlights India's growing global trade presence.
Somanna flags off Madgaon-Karwar express boosting connecting between Karnataka & Goa
A new train service, the Madgaon–Karwar Express, has been launched. Union Minister V Somanna flagged off the service from Madgaon Railway Station. This initiative enhances rail connectivity between Goa and Karnataka's coastal regions. The service aims to offer convenient travel for commuters, students, tourists, and business travelers. It is expected to boost tourism, trade, and socio-economic development in the area.
Vietnam’s Vingroup-backed Green SM to expand India’s office space presence with Urban Vault
Green SM, Vietnam's electric ride-hailing service, is expanding its Indian operations. The company has partnered with Urban Vault for flexible workspaces. Green SM has leased 500 seats in Gurugram and plans to take 1,000 more in Noida and other cities. This collaboration supports Green SM's launch and growth across India, aiming to promote sustainable urban mobility.
AB Group reaffirms bet on Voda Idea with ₹4,730 Cr infusion
Vodafone Idea shareholders approved a ₹4,730-crore investment from the Aditya Birla Group via preferential allotment of warrants, increasing AB Group's stake to around 13%. Chairman Kumar Mangalam Birla stated the company's focus now shifts to execution across operations, customer service, and network expansion. This capital infusion will support capital expenditure and loan repayment, reinforcing Vi's financial health.
Infosys completes CMMI AI Maturity Framework and Pilot Assessment
Infosys has successfully completed and contributed to the CMMI AI Maturity (AIM) Framework and Pilot Assessment, conducted by CMMI Institute, a global leader in helping organizations reduce risk, boost performance and build capability. Through this collaboration, Infosys assisted with the advancement of the CMMI AIM framework contributing deep enterprise-scale perspectives on AI governance, responsible deployment, and outcome-driven practices that helped define how AI maturity is assessed and operationalized across global organizations. Infosys is among the first select group of organizations recognized globally to complete the pilot assessment, demonstrating a structured and responsible approach to scaling artificial intelligence across enterprise grade software engineering, agentic capabilities, and service delivery.
Urban Company bets on micro-market densification to grow 2x faster than industry
The company said the densification strategy is built around increasing the concentration of both customers and service professionals within small, neighbourhood-level clusters. The densification strategy is also central to InstaHelp, the company's on-demand household-help business.
Excitel turns profitable after 10 years in a tough market
Excitel Broadband achieved its first annual net profit in FY2026. The company reported a profit of ₹40 crore on ₹530 crore revenue. This success comes from focusing on dense urban areas and state capitals. Excitel competes with larger players by offering faster speeds and better service. This marks a significant milestone for the standalone internet service provider.
Railways renews push for installing Atmospheric Water Generators
Indian Railways has renewed its push to deploy Atmospheric Water Generators (AWGs) in water-scarce areas, asking zones, production units and PSUs to identify locations where clean drinking water supply remains a challenge. AWGs generate potable water from moisture in the air and can be installed at railway stations, hospitals, staff colonies, offices, level crossings and other service areas.
One Global Service Provider standalone net profit rises 65.36% in the March 2026 quarter
Sales rise 141.27% to Rs 133.81 crore
BFSI firms set to see AI-led decision making & real-time fraud detection
Indian banks and financial firms are increasingly using AI for critical tasks like fraud prevention and decision-making. While early adopters are seeing success, many companies still face hurdles in infrastructure and governance. AI is now integral to core operations, not just customer service. Future plans focus on boosting productivity and customer growth through AI.