BAE Systems Targets 2026 Launch for Autonomous Herne Submarine BAE Systems plans to bring its first autonomous submarine, named Herne, to market by the end of 2026. The move comes as global concerns grow over underwater security threats, especially following several attacks on subsea cables and infrastructure in recent years. Herne to Enhance Undersea Defence Capabilities Herne is BAE Systems’ first autonomous underwater vehicle developed specifically for military use. Unlike traditional remote-controlled submarines designed for commercial tasks, Herne will operate independently. It is equipped with a militarised intelligence, surveillance, reconnaissance, and communication system. The mini-submarine will work alongside conventional submarines.…
Author: Aishwarya Parikh
India Aims At 8% Jump In Global Space Market Share By 2033: KPMG Report India’s space sector is racing toward a major leap, aiming to secure 8% of the global space economy by 2033, according to a new KPMG-CII report. The document, “Propelling India into a New Era of Space and Innovation,” points to robust policy moves, deep private participation, and a laser focus on downstream services as the primary catalysts for this jump from the current 2-3% share. Scale On The Horizon India’s space economy currently stands at USD 8.4 billion and is projected to hit USD 44 billion…
Hero MotoCorp Appoints Harshavardhan Chitale as New CEO Hero MotoCorp, India’s largest two-wheeler manufacturer, has announced the appointment of Harshavardhan Chitale as its new Chief Executive Officer. Chitale, currently leading the professional business at Dutch lighting company Signify, will officially take charge on 5 January 2026. He succeeds Vikram Kasbekar, who stepped in as acting CEO following Niranjan Gupta’s resignation earlier this year. Although Kasbekar will step down from the interim CEO role, he will continue to serve as the company’s Chief Technology Officer. Focus on Future Mobility and Electrification Hero MotoCorp Chairman Pawan Munjal said the appointment of Chitale…
Trump Finalises Lower Tariffs on Japanese Car Imports Amid Trade Deal US President Donald Trump has signed an executive order that formally reduces tariffs on Japanese automobile imports and other products, offering long-awaited relief to Japan’s export-heavy economy. The move comes after months of negotiations and finalises a deal announced in July, which includes a massive $550 billion Japanese investment in US-based projects. The new tariffs, lowered to 15% from the previous 27.5%, will take effect seven days after the order is officially published. This change is expected to stabilise the Japanese auto sector, which had faced months of uncertainty…
ESA ScaleUp Invest Supports New Partnership between ASRO and Ethereal Space ASRO – Aboa Space Research Oy and Ethereal Space, Inc. have announced a strategic partnership to strengthen global space weather monitoring. Supported by the European Space Agency’s (ESA) ScaleUp Invest programme, the collaboration aims to combine advanced instrumentation with next-generation satellite technology to improve forecasts and resilience against solar activity. The agreement will see ASRO’s expertise in energetic particle instrumentation integrated with Ethereal Space’s satellite constellation. This approach is designed to deliver continuous, real-time data critical for operational space weather forecasting and nowcasting. Protecting Infrastructure Through Better Forecasts “Space…
Flowserve US and CORE Energy Unite to Localise Nuclear Pump Manufacturing in India India has achieved a major milestone in its nuclear journey. CORE Energy Systems Ltd. and Flowserve US Corporation have joined hands in a strategic collaboration to manufacture Primary Coolant Pumps (PCPs) in India. This marks the first time PCP technology has been transferred to India under the US–India Civil Nuclear Cooperation framework. This development boosts India’s ability to build and operate nuclear power plants independently. It also strengthens the U.S.–India 123 Civil Nuclear Agreement, enhancing bilateral ties and advancing shared clean energy goals. Technology Transfer Marks a…
The Department for Promotion of Industry and Internal Trade (DPIIT) held a high-level meeting to assess progress on major infrastructure projects in the southern States of Karnataka, Kerala, and Telangana. The meeting, chaired by DPIIT Secretary Shri Amardeep Singh Bhatia, aimed to accelerate issue resolution and improve coordination among stakeholders. Focus on Timely Project Implementation The review covered projects valued at over INR 10,000 crore. In Karnataka, five major projects worth INR 3,658 crore were examined. Kerala had two projects under review, totalling INR 5,002 crore. Telangana’s review involved three projects with a combined cost of INR 1,934 crore. Officials…
Alibaba Cloud Business Sees Strong Growth Boosted by AI Alibaba has reported strong growth in its cloud computing segment, driven by major advances in artificial intelligence (AI). The Chinese tech giant said AI is now central to its strategy for expanding the cloud business. Revenue from the cloud unit jumped 26% to 33.40 billion yuan (around $4.67 billion), significantly ahead of the forecasted 18.4% rise. Despite this, the company’s overall quarterly revenue fell short of expectations. Alibaba’s broader operations posted total revenue of 247.65 billion yuan for the quarter ending 30 June, missing the market estimate of 252.92 billion yuan.…
Marvell Shares Slide as Data Centre Outlook Misses Expectations Shares of Marvell Technology dropped by 11.3% in premarket trading on Friday. This decline came after the chipmaker’s forecast for data centre demand fell short of investor expectations. Many had hoped for strong growth in Marvell’s custom chips, which support AI workloads for major cloud firms like Microsoft and Amazon. Cooling Sentiment in AI Chip Market Investor optimism around AI-focused chipmakers has been high, but recent trends suggest the market may be cooling. While Nvidia’s recent results exceeded forecasts, its data centre growth slowed, and its share price dropped after the…
FAA Headquarters Staff to Relocate Under US Transportation Department Plan The US Transportation Department has announced plans to relocate Federal Aviation Administration (FAA) headquarters staff from their current Washington, D.C. offices. The move aims to streamline operations, consolidate systems, and modernise infrastructure as part of a broader departmental initiative. Staff to Move into Transportation Headquarters According to an internal memo seen by Reuters, FAA personnel currently based at their own headquarters will be shifted into the building that already houses the US Transportation Department (USDOT). The department has not yet confirmed how many employees will be affected by the change,…
