Festive surge drives UPI near record ₹29.8 lakh crore milestone across 24.5 billion transactions

India’s UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 billion transactions, a significant jump from July. This impressive performance was bolstered by festive activity and expanding consumer adoption across the nation. Industry experts highlight the importance of resilient digital infrastructure for continued growth.

Tata Elxsi backs seven-seater Shunya eVTOL, first flight targeted in 18-24 months

Tata Elxsi and Sarla Aviation will collaborate on India’s first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya’s first flight within the next eighteen to twenty-four months. The collaboration…

Tata Elxsi backs seven-seater Shunya eVTOL, first flight targeted in 18-24 months

Tata Elxsi and Sarla Aviation will collaborate on India’s first indigenous electric aircraft. The Shunya eVTOL aircraft is designed to carry six passengers and one pilot. This partnership will accelerate the development of flight-critical systems for the new aircraft. Sarla Aviation targets the Shunya’s first flight within the next eighteen to twenty-four months. The collaboration…

IRDAI pitches public insurance registry to reshape industry

India’s insurance regulator is proposing a Public Insurance Registry for data sharing. This digital infrastructure will connect insurers, intermediaries, and policyholders for better underwriting. Policyholders can view all their policies and make common service requests easily. Insurers will gain access to anonymized industry-wide claims data for analysis. The registry aims to improve transparency and facilitate…

Train passengers, a major safety upgrade is coming: Rs 170 crore approved for a project covering another 712 km of tracks

Railways has approved the deployment of Kavach Version 4.0 across 712 route kilometres in the Moradabad Division. The rollout will strengthen railway safety infrastructure through the indigenous Automatic Train Protection system. Kavach 4.0 provides an additional safety layer for train operations, helping prevent Signal Passing at Danger (SPAD), automatically apply brakes when required and control…