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Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka.
The pact has been inked through its wholly owned subsidiary Axiscades Aerospace and Technologies to set up the unit at the Aerospace Park near Kempegowda International Airport, Bengaluru, Axiscades Technologies (Axiscades) said in a statement.
"The facility will be equipped with test bench laboratories, infrastructure for missile launchers, specialized equipment, and trained technical personnel to support MBDA's advanced systems engineering requirements," it said.
The agreement was signed on the sidelines of the ongoing Paris Air Show 2025 in France.
In May, Axiscades CEO and MD Alfonso Martinez said, "As we approach FY26, our priority is to capitalise on the opportunities in emerging sectors like manufacturing, MRO, chip-to-product and advanced defence technologies, including unmanned warfare, to bring about non-linear, product-led, ...

Homegrown Axiscades on Friday said it has signed an agreement with European missile systems major MBDA to set up a defence facility in Karnataka

SastaSundar Ventures Ltd is in the process of investing Rs 150 crore over the next two years to strengthen its digital healthcare platform and warehousing infrastructure to make a turnaround and return to profit in FY'26, a company official said on Thursday.
The investment will largely be funded through a Rs 145-crore capital pool, created from the Flipkart Health exit settlement and internal treasury income.
The Kolkata-based online pharmacy ended its partnership with Flipkart Health earlier this year and relaunched its B2C platform under its own brand.
"We are aiming to return to net profit in the current fiscal through strategic initiatives. We are focusing on the execution of these and capital-efficient growth to recover the company from a Rs 122 crore net loss in FY'25.
"Out of the Rs 150 crore, about Rs 40 crore was deployed in FY'25, and the remaining Rs 110 crore will be invested in FY'26 and FY'27," SastaSundar Chairman B L Mittal told PTI.
To tap into the rising demand f

The Kolkata-based online pharmacy ended its partnership with Flipkart Health earlier this year and relaunched its B2C platform under its own brand

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Prime Minister Narendra Modi on Friday launched 28 development projects worth more than Rs 5,900 crore in Bihar's Siwan district.
Modi inaugurated the new VaishaliDeoria railway line project, built at a cost of over Rs 400 crore, and flagged off a new train service on this route.
Additionally, in a major boost to connectivity in north Bihar, Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah.
Further promoting the Make in India  Make for the World' initiative, Modi flagged off a state-of-the-art locomotive built at Marhowra plant for export to the Republic of Guinea.
The locomotive is equipped with high-horsepower engines, advanced AC propulsion systems, microprocessor-based controls, ergonomic cab designs, and regenerative braking.
In line with his commitment to conservation and rejuvenation of the Ganga, the PM inaugurated six Sewage Treatment Plants (STPs) under the Namami Gange project, worth over

Additionally, in a major boost to connectivity in north Bihar, PM Modi also flagged off the Vande Bharat Express between Patliputra (Patna) and Gorakhpur (Uttar Pradesh) via Muzaffarpur and Bettiah

Odisha Police detained several Congress workers ahead of Prime Minister Narendra Modi's visit to the state on Friday.
Among those put under preventive detention are Syed Yashir Nawaz, general secretary of Odisha Pradesh Congress Committee (OPCC), and four other youth leaders.
They are currently being held at the Capital police station here, an official said.
In a statement, the OPCC condemned the detention of its leaders.
"Modi is coming to Bhubaneswar for the first anniversary celebrations of the BJP state government in Odisha. Why are they afraid of Congress leaders?" asked Yashir.
He added that the party will not be intimidated by such actions.
"We will intensify our fight against the BJP government in the interest of the people of Odisha, and we are not afraid of arrests," he asserted.
After reaching the Biju Patnaik International Airport here in the afternoon, Modi will join a 'Triranga Yatra' and later address a public meeting.
Around two lakh people are expected to atten

Odisha Police detained several Congress workers ahead of Prime Minister Narendra Modi's visit to the state on Friday.

The Mumbai Metropolitan Region Development Authority (MMRDA) on Friday presented a Rs 40,187 crore-budget for the megapolis.
Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement. The revenues have been estimated at Rs 36,939 crore, and the body chaired by Deputy Chief Minister Eknath Shinde will be borrowing Rs 22,000 crore.
This will result in a budget deficit of Rs 3,249 crore, which the body plans to bridge through land sales, issuance of bonds, financial assistance from the government, and loans from financial institutions, the statement said.
The ongoing metro line projects have been earmarked Rs 10,969 crore of expenditure in the new fiscal, which is a fourth of the overall expenditure..
Over Rs 5,697 crore have been allotted for multiple tunnel projects which are going across the megapolis, with Rs 2,684 crore earmarked for the four-lane road running under the Sanjay Gandhi National 

Infrastructure spends across projects have been pegged at Rs 35,151 crore or 87 per cent of the overall expenditure, as per an official statement

The Rajya Sabha on Thursday returned the Finance Bill 2025 to the Lok Sabha, along with 35 government amendments, including one that abolishes a 6 per cent digital tax on online advertisements, thus completing the 2025-26 budgetary exercise that started on February 1.
The House also returned the Appropriation Bill (3) with a voice vote.
Earlier in the day, Finance Minister Nirmala Sitharaman had moved the two bills in the House.
The Lok Sabha had passed the Finance Bill on March 25 and passed the Appropriation Bill on March 21.
Replying to the debate later in the evening, she said the tendency of the finance ministry would be to exercise caution and not let go of revenues.
"But, here we wanted to use this opportunity to show our respect for Indian taxpayer. We have moved towards setting Rs 12 lakh as threshold up to which no one will have to pay any tax," Sitharaman said.
The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 lakh crore, an increase of 7.4 per cent ov

The Union Budget 2025-26 envisages a total expenditure of Rs 50.65 trillion, an increase of 7.4 per cent over the current fiscal

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Saudi's football surge: Neymar, Ronaldo, and billions at play

In the past six months, the Saudi Pro League has signed at least 22 players from Europe. Watch the video to know about Saudi Arabia's football surge.

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