SPACE INDUSTRY INVESTMENT
Price gets in the whey of Indians’ daily protein fix
International whey protein concentrate prices are decreasing, but Indian prices have not softened significantly. Demand for protein supplements is growing in India, driven by heightened consumer awareness. Retail prices for whey concentrate remain elevated, influenced by tight inventories and import costs. Producers are urged to invest in local whey processing infrastructure to meet domestic demand. Overall, protein consumption is now extending beyond traditional fitness enthusiasts to a wider audience.
Andhra Pradesh inks 9 MoUs for Rs 4,100 crore space-defence push
At the 31st CII Partnership Summit in Visakhapatnam on 12-13 November 2026, the Andhra Pradesh Economic Development Board signed nine MoUs covering rocket engines and test beds, satellites, missiles, explosives, aerospace manufacturing, flight training and heliports. Eight of them propose investments totalling Rs 4,100 crore and 6,865 direct jobs on about 1,472 acres in Sri Sathya Sai, Tirupati, Nellore and Visakhapatnam. The ninth is a five-year strategic partnership with Pawan Hans to develop and operate heliports across the State.
Investors flock to Anthropic IPO but question durability of AI lead
The Anthropic roadshow is scheduled to run through next Wednesday, when the AI company is expected to price the $64 billion deal. Anthropic and its investment banks are meeting prospective investors in New York, Boston and San Francisco to gauge demand for the offering, one of the people and a third person familiar with the matter said.
Investors favour states offering better incentives as Andhra Pradesh secures Rs 9.89 lakh crore in MoUs: N Chandrababu Naidu
With Tamil Nadu and Andhra Pradesh competing aggressively to attract investments from each other, Naidu sought to put the controversy to rest, saying all 28 states compete for investments.
India's crypto landscape evolving, with institutional entry and maturing retail trading patterns: Mudrex' Prateek Gupta
India’s crypto market is drawing a new class of participants as institutions, family offices and wealthy investors move beyond retail speculation and begin trading digital assets. The shift is being driven in part by arbitrage opportunities between tokenised gold and gold futures, with trades offering as much as 40 to 50 basis points on favourable days, according to Mudrex Business Head Prateek Gupta.
Anthropic IPO to test Wall Street's appetite for AI stocks
Anthropic is preparing for a potential IPO that could value the Claude chatbot maker at up to $1.4 trillion. The proposed $64.4 billion share sale, alongside a separate private placement, could rank among the largest market debuts in history.
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PE firm Advent shortlists buyers to sell stake in 'Crax' maker DFM Foods
Advent International has shortlisted Partners Group, ChrysCapital and EQT to sell its 96.63% stake in Crax maker DFM Foods, with ITC and Goldman Sachs also in contention at a valuation of ₹4,000-4,200 crore. Balaji Wafers and other strategic bidders have exited amid concerns over the steep valuation.
ET Exclusive | Sunil Mittal’s next big bets: AI, cloud, space telecom and a billion Airtel users
Sunil Mittal reflects on the Bharti Group's journey and outlines future plans during his 50-year entrepreneurial journey. He emphasizes the importance of succession plans and bold investments to ensure growth. Airtel aims to expand into financial services and improve digital infrastructure while keeping cash flow strong. The competitive landscape in telecom presents both challenges and opportunities that Mittal acknowledges.
MeitY flags physical AI data; US data centre woes may help India
Happy Friday! MeitY is examining how home services platforms collect household data to train physical AI models.This and more in today’s ETtech Morning Dispatch.
REITs in India delivered around 16% annualised returns since 2019; 5 things to check before investing
Discover the potential of investing in India's booming REIT market, where you can earn from commercial real estate without the hassles of ownership and management. Insights from Ramesh Nair reveal REITs' growth drivers, the importance of total returns over distribution yield, and upcoming property segments that could enhance your investment opportunities.
Investors reassess US data centre bets after 'Blue Tsunami'; some look at India, other alternatives
This may not affect projects currently underway, but the data centre business has been driving growth for several companies in the US lately “and now there is looming concern over how this might play out,” said the executive who did not wish to be named.
In the 1920s, Utah’s Coal City was planned for 2,600 lots, but only about 200 were sold; the mining company dissolved in 1936
In the early 1920s, George A. Storrs aimed to create a unique mining town in Utah. The planned community was intended for miner-ownership with homes, farms, and essential services. Despite initial excitement, only a small portion of the lots were sold, and the project failed. The Great Western Coal Mines Company went bankrupt in 1936, leading to the town's decline.
Skyroot Aerospace partners with Brazil's Concert Technologies for satellite launch vehicle development
Skyroot Aerospace and Brazil's Concert Technologies have signed a Memorandum of Understanding for collaboration. This agreement focuses on developing a satellite launch vehicle for payloads of at least 100 kilograms. The partnership aims to provide affordable access to space for both countries in conjunction with the global space industry. They plan to evaluate technological requirements and commercial prospects over the next two years.
Piyush Goyal pitches India as safe investment haven amid global turmoil, highlights $85 trillion market access
Union Minister Piyush Goyal highlighted India's commitment to global investors through stable policies and fair laws. He emphasized that India has signed trade agreements benefitting nearly $70 trillion of global GDP, expanding market access for its goods and services. Goyal assured investors about intellectual property protection, underlining that technology is not appropriated. He noted India's reliability demonstrated during the COVID-19 pandemic by supplying essential goods to over 100 countries.
Lights, camera... microdrama! Big showmen hooked on new gig in town
India's microdrama industry is experiencing significant growth, attracting investments from major entertainment companies and creators. Aamir Khan Productions and Excel Entertainment are launching a microdrama venture to produce high-quality content. Partnerships with creators and telecom companies will enhance the platform's offerings as the market expands. Despite challenges in monetization and audience retention, viewership for microdramas continues to rise steadily.
In the early 1850s, Philadelphia-born beekeeper Lorenzo Langstroth developed a hive with removable frames, making honey harvesting easier; his design remains widely used today
In 1851, Lorenzo Lorraine Langstroth introduced the movable frame hive, a groundbreaking innovation that transformed beekeeping. This advancement facilitated honey extraction and improved colony management. However, alarming reports reveal that American beekeepers are suffering immense colony losses due to the Varroa mite. This ongoing crisis threatens the $18 billion annual pollination economy, underscoring the urgent need for contemporary solutions despite Langstroth’s revolutionary contributions.
Prada's new Milan exhibition turns a century of fashion into fresh discoveries
Prada’s Milan exhibition, Pradasphere, is turning its century-old fashion legacy into a business opportunity, with the brand expecting it to generate an additional 100 million euros in annual revenue.
Time to shed fear and think positive? 5 mid-cap stocks from different sectors with upside potential of up to 33%
Mid-cap stocks tend to move more than large-caps. And that works both ways. They rise faster when the market is rising, and fall harder when it is falling. Keep that in mind as the market’s mood changes for the better because oil prices are dropping and the macro worries responsible for the long sell-off are starting to go away.
India well on track to achieve $1 trillion exports target for FY27: Piyush Goyal
Commerce Minister Piyush Goyal said India is on track to achieve its $1 trillion goods and services export target in FY27, having already recorded nearly $480 billion in exports during April-September. He highlighted opportunities from free trade agreements, particularly the proposed India-EU pact, for the automobile and mobility sectors. Goyal urged manufacturers to expand globally, boost competitiveness and leverage international partnerships to drive exports, investment and employment.
Karnataka clears Rs 6,826-crore industrial investment proposals, 131 outside Bengaluru
Karnataka's State Level Single Window Clearance Committee has approved multiple industrial projects worth Rs 6,825.93 crore. The majority of these projects will be set up outside Bengaluru, promoting regional growth. These projects are expected to generate around 18,600 jobs across various sectors, including IT and food processing. Notable investments include IT parks in Devanahalli and Doddanekundi, attracting significant capital.
Karnataka clears industrial projects worth Rs 6,825.93 cr; 18,600 jobs expected
Karnataka's recent committee meeting led to the approval of 147 industrial projects amounting to Rs 6,825.93 crore. These projects are anticipated to generate approximately 18,600 jobs across the state. Notably, 131 projects will invest in regions outside Bengaluru's urban areas to promote regional development. The investments span several sectors, including IT, semiconductors, and food processing. Major projects include IT parks and manufacturing units expected to create thousands of job opportunities.
ET Wealth Expo: The next wealth wave? Alternatives could grow 20-25% as investors seek diversification, says A. Balasubramanian
Speaking at the ET Wealth Expo 2026, Balasubramanian said mutual funds should continue to form the core of an investor's portfolio, while alternative investments can play a satellite role in potentially enhancing returns and broadening diversification.
Is Cathie Wood betting on the next stage of the AI boom amid Wall Street’s tech stock crash, buying SpaceX and Nvidia while selling $120 million in Broadcom stock?
Cathie Wood is buying AI stocks while Wall Street is selling them. ARK Invest purchased nearly $49 million in SpaceX and $46 million in Nvidia after Thursday’s tech sell-off wiped out more than $3 trillion in US market value. But it sold $119.7 million in Broadcom and $20 million in CoreWeave. The contrasting trades raise questions about Wood’s AI strategy.
Who are Sassie Duggleby and Andrew Duggleby? Houston couple behind America's first rotating detonation rocket engine raised $91 million; what is their Mach 4 jet dream?
Venus Aerospace was founded in 2020 by husband-and-wife team Sassie Duggleby and Andrew Duggleby. They established the company with an ambitious idea. It was to develop a new propulsion system that could make extremely fast passenger aircraft commercially viable. They spent several years working on the technical challenge on making the engine withstand the extreme heat generated by rotating detonation.
Premji Invest pumps $35 million into Hical Technologies to expand aerospace, defence manufacturing
Premji Invest has invested $35 million in Bengaluru-based Hical Technologies, marking the aerospace and defence components maker’s first institutional funding in nearly four decades. The company, valued at $300 million-$400 million according to industry sources, will use the capital to expand manufacturing capacity, engineering capabilities and R&D across South India.
Nasdaq tumbles over 3% as tech stocks extend selloff after Democrats sweep midterms; Tesla plunges 9%, chipmakers slide
US stocks faced a sharp decline on Thursday, particularly in technology shares, amid concerns over regulatory scrutiny. The Nasdaq Composite fell over 3%, reversing optimism following the Democrats' midterm election victories. Key companies including Nvidia, Advanced Micro Devices, and Tesla were among the hardest hit. Investors expressed worries about the implications of stronger Democratic control on the artificial intelligence industry.
Jai Balaji Group plans Rs 6000 crore investment in West Bengal for steel and renewable energy sectors
Jai Balaji Group has announced an investment proposal of around Rs 6,000 crore in West Bengal. This investment focuses on specialized steel for railways, defense and aerospace applications, along with renewable energy initiatives. The expansion is expected to create over 20,000 employment opportunities in the region. Additionally, the company aims to enhance its production capabilities in precision engineering and specialized copper products.
Tesla stock price today: Why TSLA falls as Democrats’ midterm election win puts Elon Musk’s AI data center plans at risk
Tesla stock (TSLA) fell as Democrats’ midterm victories raised concerns about AI data center expansion, particularly in Texas. Analyst Dan Ives warned that political hurdles could slow planned projects, while Elon Musk floated the idea of space-based data centers as investors weighed the outlook for his AI ambitions.
Astrobase, Bayer to invest Rs 700 crore in Karnataka, creating nearly 1,500 jobs
Astrobase and Bayer have announced a combined investment of Rs 700 crore in Karnataka. Astrobase will invest Rs 500 crore to set up a manufacturing facility for rocket engines. This project aims to create approximately 1,250 jobs in the region. Bayer plans to invest Rs 200 crore to establish a Global Capability Centre, generating around 220 jobs. Both investments reflect a growing interest in expanding industrial capabilities in Karnataka.
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