Category: Corporate

Adani Green Energy Limited (AGEL) has announced the operationalisation of 112.5 megawatts (MW) of renewable energy projects at Khavda, Gujarat, bringing its total operational capacity to 16,598.6 MW.

The new capacity comprises an 87.5 MW solar project and a 25 MW hybrid project, both commissioned through AGEL’s step-down subsidiaries: Adani Renewable Energy Fifty Six Limited and Adani Green Energy Twenty Five B Limited, respectively.

The power generation from these plants commenced on September 30, 2025, following the necessary clearances. The addition at Khavda, a region known for hosting some of India’s largest renewable energy sites, marks another milestone in AGEL’s expansion roadmap.

This development aligns with AGEL’s broader strategy to increase its clean energy portfolio. The company has previously announced plans to invest ₹31,000 crore (approximately $3.64 billion) in fiscal year 2026 to add 5 gigawatts (GW) of clean energy capacity, aiming for a total of 50 GW by 2030. This expansion is part of India’s broader renewable energy goals and reflects AGEL’s commitment to contributing significantly to the nation’s clean energy capacity.

The announcement of the new operational capacity has positively impacted AGEL’s stock performance. On October 1, 2025, the company’s shares rose nearly 4%, reflecting investor confidence in the company’s growth prospects and the successful commissioning of these new projects.

As AGEL continues to expand its renewable energy footprint, the company remains focused on its long-term vision of sustainable growth and contributing to India’s renewable energy targets. The successful operationalisation of these projects underscores AGEL’s role as a key player in the nation’s transition to a more sustainable energy future.

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IndiGo announced that daily non-stop flights from Kolkata to Guangzhou will resume starting October 26.

The airline will operate Airbus A320neo aircraft. The flights are now open for sale via IndiGo’s official website or mobile application.

This comes after the Ministry of External Affairs said that India and China will restart direct flights this month after a suspension of more than five years.

Subject to regulatory approvals, IndiGo will also introduce direct flights between Delhi and Guangzhou shortly.

This comes after the recent diplomatic initiatives aimed to boost trade, strategic business partnerships and tourism between the two countries, reported The Economic Times.

Before the pandemic, IndiGo operated flights between India and China. “The past experience and familiarity with local partners will enable IndiGo to resume these flights swiftly,” the low-cost airline said in a statement.

Pieter Elbers, CEO, IndiGo, said, “We are delighted to announce the resumption of daily, non-stop flights between India and mainland China. We are proud to be amongst the first to resume direct connectivity to China from two points in India.”

He added, “This will once again allow seamless movement of people, goods, and ideas, while also strengthening bilateral ties between the two of the world’s most populous countries and fast-growing economies. With this very important step, we are looking at introducing more direct flights into China. As we take steady strides towards becoming a global aviation player, this is a significant move to strengthen our international network.”

Prime Minister Narendra Modi visited China last month for the first time in seven years to attend a meeting of the Shanghai Cooperation Organisation regional security bloc.

Modi and Chinese President Xi Jinping agreed discussed ways to strengthen trade ties amid global tariff uncertainty. While Modi conveyed India’s commitment to improving ties and raised concerns about its widening trade deficit with China, which stands at nearly $99.2 billion.

Modi also stressed that it is vital to maintain peace and stability along their disputed border.

Abu Dhabi-based International Holding Company (IHC) will acquire a 41.2% controlling stake in Sammaan Capital, the Indian housing finance company formerly known as Indiabulls Housing Finance, for $1 billion (₹8,850 crore).

The deal will make IHC the company’s promoter, giving it the right to appoint a majority of the board of directors.

The acquisition will be carried out through IHC’s affiliate, Avenir Investment RSC Ltd., via a preferential allotment. Under the arrangement, IHC will subscribe to 330 million equity shares and 306.7 million convertible warrants of Sammaan Capital at ₹139 each. The transaction is subject to approvals from the Reserve Bank of India and the Competition Commission of India. Additionally, it will trigger a mandatory open offer to acquire up to 26% of the company’s shares from existing shareholders.

Sammaan Capital, listed on the Bombay Stock Exchange and the National Stock Exchange of India, is one of the country’s largest non-banking financial companies (NBFCs) with a focus on mortgage lending. The company operates over 220 branches in more than 150 towns and cities and employs over 4,400 people. Over the past 25 years, Sammaan Capital has disbursed home loans worth over $19 billion to more than 680,000 families and provided mortgage-backed loans exceeding $9.5 billion to over 100,000 small businesses.

Gagan Banga, Vice-Chairman and Managing Director of Sammaan Capital, said the investment by IHC will help the company expand into a full-service financial institution and strengthen its ability to serve India’s aspiring middle-class and underserved segments. He noted that partnering with a global player like IHC would bring additional resources and credibility to the company.

IHC, owned by the Abu Dhabi ruling family, has rapidly grown into one of the region’s largest holding companies, with investments across finance, healthcare, real estate, and manufacturing. The acquisition of Sammaan Capital is part of the company’s strategy to diversify into emerging markets and strengthen its financial services portfolio. Syed Basar Shueb, CEO of IHC, said the investment reflects confidence in India’s long-term economic growth and the potential of its financial sector. He also highlighted plans to leverage technology and artificial intelligence to enhance lending and credit solutions at Sammaan Capital.

Market analysts say the deal marks the largest foreign investment in India’s NBFC sector in recent years and could pave the way for more cross-border transactions in financial services. The deal is also expected to increase access to capital for underserved populations and expand the company’s lending capacity in India’s growing housing finance market.

The regulatory process for the acquisition is underway, and the transaction is expected to close in the coming months. Once completed, IHC will assume control of the company’s operations, setting the stage for strategic expansion and diversification.

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Tata Advanced Systems Limited (TASL) and Airbus Helicopters have announced a joint initiative to establish India’s first private-sector helicopter final assembly line (FAL) at Vemagal in Kolar district, Karnataka, to produce the single-engine H125 — a workhorse used widely for civil, parapublic and utility missions. 

The move positions India as the fourth country to host an H125 assembly line and marks a notable step in deepening the domestic aerospace manufacturing base.

The Vemagal facility will perform major system integration, installations, ground and flight tests, and final delivery functions under Airbus supervision while leveraging TASL’s manufacturing footprint and access to regional supply chains. 

Airbus framed the project as part of a broader “Make in India” push that complements earlier contracts awarding local suppliers roles in component manufacture — notably fuselage work given to Mahindra Aerostructures.

Officials said the plant will be located in the Vemagal industrial area, roughly two hours from Bengaluru, where TASL has secured a large parcel of industrial land to build an integrated site with production, testing and planned maintenance, repair and overhaul (MRO) capabilities. Localizing assembly and support functions is expected to shorten lead times for Indian customers and create higher-value jobs in the regional aerospace ecosystem.

Industry observers note the H125 dominates the intermediate single-engine rotorcraft market globally and is popular for roles including aerial work, emergency medical services, law enforcement and tourism — making it an attractive candidate for in-country production.

Airbus and Tata have said the first “Made-in-India” H125 should roll out for delivery in early 2027, with production initially aimed at serving domestic needs and neighbouring South Asian markets before scaling up for export.

The collaboration follows a series of recent deals that deepen Airbus’s industrial footprint in India: beyond the H125 FAL, Airbus has been awarding local work packages to multiple Indian partners as part of a broader localization drive.

Tata’s new FAL also complements national ambitions to grow indigenous aerospace capability, reduce import dependence, and develop a full lifecycle services base — from manufacturing to MRO — for rotorcraft.

Analysts caution that ramping up a final assembly line entails certification, workforce training and supply-chain maturity, and that timelines depend on regulatory approvals and the smooth handover of components from global suppliers.

Nonetheless, the announcement is already being hailed as a strategic win for Karnataka’s aerospace cluster and for India’s aspirations to capture higher value in the aviation manufacturing chain.

As the facility develops, observers will watch for details on planned annual output, the balance between domestic sales and export commitments, and how the venture integrates with India’s civil and defence rotorcraft needs.

For Airbus and TASL, the Vemagal FAL is both a commercial initiative and a test case for broader industrial cooperation in the rapidly expanding Asia-Pacific rotorcraft market.

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Airbus board members concluded their four-day visit to India on Thursday, which also marked the first meeting since the aircraft maker started operations here more than 60 years ago.

The board led by Chairman Rene Obermann met Prime Minister Narendra Modi in the capital on Tuesday.

Obermann also held discussions with Commerce and Industry Minister Piyush Goyal and Civil Aviation Minister K Rammohan Naidu on investments and other issues.

The board visited Tata Advanced Systems Ltd’s component manufacturing facility in Hyderabad and also its supplier Dynamatic Technologies’ facility in Bengaluru.

Pointing out that India offers tremendous opportunities, Goyal said in a post on X, “Also, encouraged their plans to further deepen collaboration and increase investments in India, a testament to the strength and potential of India’s aerospace sector.”

India is a significant market for Airbus in civil aviation and defence segments as it already sources more than $1.4 billion worth of services and components from the country.

An Airbus spokesperson, quoted by PTI, stated on September 25 that the board’s visit represents a significant milestone, emphasising India’s importance as a critical hub for global operations. “We have already crossed the milestone of sourcing over $1.4 billion in components and services annually. We are on track to significantly increase that figure, as we continue to further integrate India into our global value chain.”

The spokesperson also said that Airbus’ investments in India are deepening across the board, from growing engineering and digital centres in Bengaluru, which are integral to its worldwide operations, to expanding its industrial footprint.

Airbus is also setting up two Final Assembly Lines (FAL) for the H125 helicopters in Vemagal, Karnataka, as well as the C295 military aircraft is being established in Vadodara, Gujarat. Both FALs are being set up with Tata Advanced Systems Ltd.

IndiGo and Air India together have placed orders for more than 1,000 planes with Airbus.

In March, Airbus CEO Guillaume Faury said their annual sourcing of components and services from India will touch $2 billion before 2030.

Air India has inaugurated its inaugural non-stop flight between India and the Philippines, enhancing connectivity between the two nations. The inaugural flight departed from Delhi’s Indira Gandhi International Airport on October 1, 2025, marking a significant milestone in bilateral air travel.

The launch ceremony was attended by H.E. Josel F. Ignacio, Ambassador of the Philippines to India, and Maria Cynthia P. Pelayo, Minister and Consul General, Embassy of the Philippines in India, alongside senior officials from Air India.

The new service offers direct connectivity between Delhi and Manila, operating five days a week—Monday, Wednesday, Friday, Saturday, and Sunday. Flight AI2362 departs Delhi at 13:20 local time and arrives in Manila at 22:40, while the return flight, AI2361, departs Manila at 23:40 and arrives in Delhi at 03:50 the following day.

Air India’s Delhi-Manila flights are operated using Airbus A321LR aircraft, featuring a three-class cabin configuration that includes Business Class, Premium Economy, and Economy Class. The airline is among the few in Southeast Asia to offer fully flat beds in Business Class on a single-aisle aircraft.

This new route strengthens Air India’s presence in Southeast Asia, expanding its network to eight destinations across seven countries in the region. It also provides Filipino travelers with convenient connections to Air India’s extensive network across Europe and North America via Delhi.

The launch of the non-stop Delhi-Manila flight is expected to boost tourism, trade, and cultural exchanges between India and the Philippines, offering travelers greater convenience and enhanced connectivity between the two countries.

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Tata Consultancy Services (TCS), India’s largest IT services company, has rolled out severance packages of up to two years’ salary as part of a sweeping workforce restructuring, according to media reports.

The exercise is aimed at streamlining operations and realigning talent with evolving business priorities. Severance pay will vary by tenure: six months’ salary for shorter stints, around 1.5 years’ pay for employees with 10–15 years of service, and up to two years’ salary for those with over 15 years at the company. All affected employees are assured a minimum of three months’ notice pay.

However, staff who have remained “on the bench,” or unassigned, for more than eight months may receive only standard notice pay without additional benefits.

Beyond financial compensation, TCS has also rolled out outplacement services, mental health support under its “TCS Cares” initiative, and voluntary early retirement options with full benefits.

CEO K Krithivasan described the decision as “one of the toughest” in the company’s history, noting that mid- and senior-level employees have been most impacted. The bulk of role adjustments were carried out in August and September, with a few cases still under review.

For many employees, the packages bring both certainty and closure in a period of change. For TCS, the move represents a difficult balancing act involving letting go of long-serving staff while trying to safeguard the company’s future.

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