Shilpa Ranipeta

Hyderabad-based TakeMe2Spaces PowerBank-50 has become Indias first commercially available off-the-shelf satellite battery to achieve flight heritage, reducing dependence on imported space-grade components.

Starbucks is expanding its premium Reserve stores in India, aiming to capture a growing coffee market. The company sees intensified competition as beneficial for overall category growth and consumer engagement. Tata Starbucks reported revenue growth and a narrowed net loss after a challenging period. Focus remains on improving profitability and operational efficiency while adding new stores annually. Menu innovation continues, adapting to evolving consumer wellness trends and preferences.

Prime Minister Narendra Modi inaugurated the Alluri Sitarama Raju International Airport. This new airport will significantly boost connectivity for north Andhra Pradesh and southern Odisha. Commercial operations are set to begin on August 17, handling six million passengers annually. The airport aims to support the state's industrial growth and attract new investments. Future plans include developing an integrated aviation ecosystem with cargo and MRO facilities.

Andhra Pradesh Chief Minister N Chandrababu Naidu pledged project completion by specific future dates. The Polavaram irrigation project will be finished by 2027, he stated. Amaravati's first phase is scheduled for completion by 2028. North Andhra is projected as an emerging investment destination with improved infrastructure. The state government will invest significantly in irrigation projects for regional development.

Indias fledgling private space industry has proven its expertise in building rockets and satellites, overcoming the single hardest capability hurdle in the newspace economy dominated by the US.

JLL has opened a new 120,000 sq ft Global Capability Centre in Hyderabad. This new centre will support JLL's global businesses and clients with various functions. The company plans to hire approximately 1,600 employees over the next few years. This Hyderabad hub aims to become an AI-first operations centre for enhanced productivity. Telangana's IT Minister highlighted its role in creating future jobs and investment.

Sigma Advanced Systems secured Rs 460 crore through preferential allotment for expansion. Spark Capital led the fundraising, placing funds with family offices and UHNIs. The company recently acquired Bromford Precision Solutions in the UK. Sigma also secured a Rs 3,800 crore contract from Rolls-Royce. This capital will support global manufacturing and evolving customer requirements.

Sigma Advanced Systems has raised ₹460 crore through a preferential allotment to fund capacity expansion and strengthen its global manufacturing footprint amid rising demand for defence and aerospace components.

Amgen will open a new science and innovation center in Hyderabad's Genome Valley. This facility is expected to become operational by the year 2027. The center will integrate experimental science with data and technology. It will expand Amgen's global research and development capabilities significantly. This investment highlights Hyderabad's growing importance as a global research hub.

The centre will integrate experimental science with data and technology. It will expand Amgen's global research and development capabilities significantly.