Category: business

BHUBANESWAR, Odisha— Homegrown fintech company iServeU is emerging as one of Odisha’s most prominent technology success stories, helping position Bhubaneswar as a growing hub for digital banking and financial technology innovation. Founded by Odia entrepreneurs and headquartered in Bhubaneswar, iServeU has developed into a leading cloud-native banking infrastructure provider, delivering…

Analysis: Japan’s Economic Security State Enters a New Phase Japan’s economic security agenda is undergoing a significant transformation, marking a shift from defensive supply chain protection toward a more comprehensive national security framework that places strategic industries, technology, data, and foreign investment under closer government scrutiny. A series of legislative…

Ras Al Khaimah, June 4: Ras Al Khaimah Economic Zone (RAKEZ) continues to strengthen its commitment to industrial investors and manufacturers through a series of on-ground visits and operational support initiatives aimed at helping businesses navigate evolving regional and global trade and logistics conditions. Over recent weeks, the economic zone’s…

Gujarat, India June 04: Payal Industrial Park (PIP) has entered a strategic partnership with Fourier, a Bay Area energy startup, to deploy their hydrogen powered energy storage system at its industrial park in Dahej, Gujarat. The collaboration marks a significant step towards enabling reliable, round-the-clock clean power for industrial operations in India: how to ensure uninterrupted power in a system dominated by intermittent solar and wind generation. While batteries have emerged as a short-duration solution, they remain cost-prohibitive for extended backup needs. Fourier’s solution is positioned as the best of both worlds, combining the millisecond response time of advanced batteries with the massive scalability of on-site hydrogen storage, providing true energy resilience that scales from 12 hours to a full week or more. From Hydrogen production to reliable Power Fourier’s approach to energy storage is built on top of its unique ability to produce low-cost hydrogen. It completely eliminates the complex, hazardous, and expensive logistics of transporting and storing delivered hydrogen by generating it exactly where and when it is needed. With its hydrogen production modules built like standard server racks, it is able to utilize swappable electrolyzer “blades” to ensure maximum uptime, redundancy, and easy maintenance. They are also infinitely scalable and easy to deploy. This combines with a sophisticated Battery Management System. Fourier’s intelligent system uses an advanced algorithm to orchestrate power supply and demand in real-time. It monitors and optimizes every “blade” to ensure high reliability, pristine power quality, and a flawless handoff alongside your existing renewables and grid connections. Whether you are navigating daily intermittency, participating in demand response dispatches, or weathering prolonged grid failures, Fourier delivers affordable power continuity that scales with your most ambitious workloads. A new model for Industrial power in India The pilot at PIP will demonstrate how hydrogen–based systems can complement India’s renewable energy ambitions by solving for reliability and storage at scale. For industrial parks and manufacturing clusters, this model offers energy independence from grid disruptions, lower exposure to fuel price volatility and a pathway to decarbonize backup power systems. The system is particularly relevant in regions with high renewable penetration, where mismatches between generation and demand create operational risks for industries requiring continuous power. Aligned with India’s Green Hydrogen Mission This initiative supports the National Green Hydrogen Mission by pioneering the use of hydrogen as a grid-scale energy storage solution. As India rapidly expands its solar and wind generation, the intermittency of these sources creates an urgent need for long–duration storage. Hydrogen, with its exceptional energy density, offers a scalable answer. Fourier’s system brings this solution directly to the point of use. By combining on-site hydrogen generation with advanced power orchestration, this deployment shifts the narrative of hydrogen from an industrial commodity to a core pillar of clean power infrastructure, ensuring that high-demand industrial parks can operate continuously on green energy without disruption. Building the Future of Decentralized Energy By embedding both hydrogen production and power generation within the industrial park that supports a wide range of industrial applications, including chemicals, refineries, steel, fertilizers, and heavy mobility, the partnership creates a decentralized energy model that reduces dependence on centralized infrastructure and long–distance fuel logistics. This pilot is expected to serve as a scalable blueprint for industrial clusters across India, particularly as demand grows for 24/7 clean power in manufacturing, data centers, and heavy industry. Mr. Siraj, Director, Arete Group added “Our vision for PIP is to create a future-ready industrial hub that goes beyond traditional manufacturing by integrating advanced, sustainable technologies. Our partnership with Fourier allows us to explore next-generation solutions that align with both our operational needs and sustainability goals, enabling industries at PIP to transition toward cleaner energy alternatives while maintaining cost competitiveness.” Siva Yellamraju, Co-Founder & CEO, Fourier said, “India represents one of the most dynamic markets for clean energy innovation, and the transition toward hydrogen will require solutions that are both scalable and practical. Our modular, on-site systems are designed to simplify hydrogen adoption by bringing production closer to consumption. Hydrogen is not just a fuel – it’s a way to store energy and deliver power when it’s needed most. This pilot demonstrates how industries can move beyond diesel backup and access clean, reliable electricity on demand. Partnering with PIP allows us to integrate this approach within a high-potential industrial ecosystem, accelerating the shift toward low-carbon operations.” PIP continues to attract strong interest from both domestic and international players, positioning itself as a preferred destination for next-generation industries spanning specialty chemicals, advanced materials, and clean energy. The integration of modular hydrogen solutions further strengthens its value proposition as a plug-and-play industrial ecosystem built for sustainability and scale. PIP’s established track record with leading industrial players such as Hindalco, Silox Group, and Gharda Chemicals underscores its role as a catalyst for high-value industrial investments and ecosystem-driven growth. With this partnership, the group takes a significant step toward embedding clean energy infrastructure at the core of industrial development.

Mumbai, India, June 04: After decades of creating stories that have resonated with millions, acclaimed producer and entrepreneur Ekta Kapoor is stepping into a new chapter — one that extends beyond entertainment and into the world of modern luxury. Ekta Kapoor partners with Ekatra Jewels. More than a business collaboration, Ekta‘s entry into Ekatra Jewels marks the beginning of a women-led…

Transaction volumes up 36% since February, developer sales surge 57% as investor confidence holds firm   Dubai, UAE, June 4 The evolution of Dubai South as the emirate’s largest single urban master development is highlighted by a new market analysis today revealing sustained residential real estate growth over the last…

The Lufthansa Group welcomes the decision of the Federal Republic of Germany to abolish airport transit visa requirements for Indian nationals travelling to third countries via German airports, effective 3 June 2026. This policy change, announced by the Embassy of the Federal Republic of Germany in New Delhi, will make…

Fischer Medical Ventures Limited, one of the leading companies engaged in the processing, manufacturing, and trading of laboratory-grade chemicals, has announced its audited financial results for FY26. Key Consolidated Financial Highlights Particulars (₹ Cr) FY26 FY25 YoY H1 FY26 H1 FY25 YoY Revenue 30,857.56 11,069.87 179% 19,882.56 6092.27 226% Total Income 32,088.93 11,219.07 186% 20,119.15 6144.945 227%…

New AP agents for supplier risk monitoring and statement reconciliation, enhanced capabilities in SmartResearch, and Workday ASOR certification strengthen Auditoria and Workday partnership Santa Clara, CA – June 4, 2026 — Auditoria.AI, the leader in agentic artificial intelligence for the Office of the CFO, today announced a major expansion of…

Washington, D.C. (June 3, 2026) — The Independent Community Bankers of America (ICBA) today released a new guide to help community banks navigate the artificial intelligence security landscape. Developed by community bankers on ICBA’s AI Task Force to provide practical guidance to their industry colleagues, the Community Banker AI Security Readiness Guide offers…