

Bharat Forge Partners with Windracers for UAV ULTRA in India
Bharat Forge, the forging and advanced engineering company, on Thursday announced a collaboration with UK-based autonomous cargo drone manufacturer Windracers Limited to deploy, localise and operate the latter’s Unmanned Aerial Vehicle (UAV) ULTRA across India.The Memorandum of Understanding (MoU), signed at the ongoing DSEI UK 2025 global defence exhibition in London, forms part of both companies’ broader aerospace growth strategy. The partnership aims to advance UAV capabilities in India while supporting technology transfer, innovation, and strategic aerospace applications across defence..

JBM Ecolife Secures $100M to Expand India’s E-Bus Fleet
JBM Ecolife Mobility, a subsidiary of JBM Auto, has raised $100 million in long-term capital investment from the International Finance Corporation (IFC) to expand its electric bus operations across India.The funding will enable the purchase and operation of 1,455 modern, air-conditioned electric buses in Maharashtra, Assam, and Gujarat. This represents IFC’s first capital investment in the e-bus sector in Asia and its largest globally.“This initiative marks the strategic start of further collaborations to accelerate e-bus deployment with enhanced scale and efficiency,” said Nishant Arya,..

GST Reforms Rationalise Coal Tax, Ease Costs for Power Sector
The 56th GST Council meeting in New Delhi has introduced major changes to coal taxation. Previously, coal attracted 5 per cent GST along with a compensation cess of Rs 400 per tonne. The Council has now recommended removing the GST compensation cess and increasing the GST rate on coal from 5 per cent to 18 per cent.These reforms reduce the overall tax burden on coal grades G6 to G17, ranging from Rs 13.40 per tonne to Rs 329.61 per tonne. For the power sector, the average reduction is Rs 260 per tonne, lowering the cost of generation by 17 to 18 paise per kWh.The changes also rationalise tax i..