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๐—ง๐—ผ๐—ฑ๐—ฎ๐˜†: ๐—™๐—ผ๐˜‚๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—น๐—ฎ๐—ถ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—”๐˜€๐—ถ๐—ฎ'๐˜€ ๐—น๐—ฎ๐—ฟ๐—ด๐—ฒ๐˜€๐˜ ๐—ด๐—ฎ๐—ฟ๐—บ๐—ฒ๐—ป๐˜ ๐—ต๐˜‚๐—ฏ! Lux Industries will expand its integrated manufacturing facility at Dankuni through a โ‚น600 crore project, including around โ‚น450 crore in fresh capital expenditure. The foundation stone will be laid later today at the Hooghly facility in the presence of senior officials...

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๐—ง๐—ผ๐—ฑ๐—ฎ๐˜†: ๐—™๐—ผ๐˜‚๐—ป๐—ฑ๐—ฎ๐˜๐—ถ๐—ผ๐—ป ๐—น๐—ฎ๐—ถ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—œ๐—ป๐—ฑ๐—ถ๐—ฎ'๐˜€ ๐—ป๐—ฒ๐˜…๐˜ ๐˜€๐˜๐—ฒ๐—ฒ๐—น & ๐—ฑ๐—ฒ๐—ณ๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—บ๐—ฎ๐—ป๐˜‚๐—ณ๐—ฎ๐—ฐ๐˜๐˜‚๐—ฟ๐—ถ๐—ป๐—ด ๐—ต๐˜‚๐—ฏ. Shyam Steel Group will invest โ‚น15,000 crore across multiple projects in Bengal, led by a 2 MTPA integrated steel plant at Mejia, Bankura. The steel plant alone will see an investment of โ‚น10,000 crore, raise the group's production capacity to 3.5 MTPA, and generate around 15,000 direct and indirect jobs. Once commissioned, it is expected to be one of the biggest steel plants in East India. The group will invest another โ‚น5,000 crore in defence manufacturing, industrial townships, fabrication, paints, industrial coatings, infrastructure, construction chemicals, engineering and other emerging sectors, creating 5,000 additional jobs. Together, the projects are expected to generate 20,000 employment opportunities. Chief Minister Suvendu Adhikari will visit Bankura later today to lay the foundation stone for the projects.

The West Bengal Index

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๐Ÿš„FROM VANDE BHARAT TO KOLKATA TRAMS: JUPITER WAGONSโ€™ BIG BET ON BENGALโ€™S RAIL FUTURE!๐Ÿš‹ One of Indiaโ€™s leading railway manufacturers, Jupiter Wagons, is making a major leap into passenger railโ€”and West Bengal is at the centre of its expansion plans. ๐Ÿญ New Hooghly coach factory: Jupiter Wagons will establish a dedicated manufacturing facility in Hooghly to build Vande Bharat trainsets, Metro coaches and other passenger rolling stock, making it Bengalโ€™s second Vande Bharat coach manufacturing hub after Titagarh Rail Systemsโ€™ Uttarpara plant. ๐Ÿš† Entering the Vande Bharat era: The company is expanding beyond freight wagons to compete in Indiaโ€™s rapidly growing passenger rail market, targeting upcoming Vande Bharat, Metro and suburban train opportunities. ๐ŸŒ Global technology partnerships: Jupiter is working with international partners, including an existing collaboration with CAF (Spain), as it prepares to bid for major passenger rail projects, including Mumbaiโ€™s โ‚น20,000 crore suburban rail programme. โš™๏ธ Building the complete ecosystem: A new wheelset manufacturing facility in Odisha, developed with international partners, will supply critical wheels and axles for passenger coaches while also serving export markets. ๐Ÿš‹ Kolkata trams could benefit too: The company has expressed interest in participating in the modernisation of Kolkataโ€™s historic tram network, should the stateโ€™s revival plans move ahead. ๐Ÿ“ˆ Ambitious growth plans: Jupiter Wagons is targeting annual revenues of โ‚น10,000 crore over the next few years, with passenger rail expected to become a major growth driver. If these plans materialise, West Bengal will strengthen its position as one of Indiaโ€™s leading railway manufacturing centresโ€”producing everything from freight wagons and Metro coaches to Vande Bharat trains and potentially even modern trams. #WestBengal #VandeBharat #Railways

West Bengal Diary

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๐Ÿšจ AMERICA JUST BUILT THE WORLDโ€™S MOST POWERFUL METAL 3D PRINTER AND ITโ€™S ABOUT TO MASS-PRODUCE ROCKETS AND MISSILES. Divergent Technologies has unveiled the Monolith One, a giant industrial metal printer standing over 8 meters tall and armed with 12 high-powered lasers delivering a combined 24 kilowatts of energy. Unlike typical 3D printers used for prototypes, this machine is built for serious, high-volume production. It can print large, complex aerospace and defense parts in aluminum, titanium, steel, and nickel alloys and it roughly doubles the output of current systems. Why this matters: โ€ข Divergent plans to install 64 more of these machines in a massive new 430,000 sq ft factory in Long Beach, California โ€ข Once running, the facility aims to produce tens of thousands of munition airframes per year plus hundreds of thousands of critical metal components โ€ข It slashes manufacturing time from months down to weeks or even days โ€ข The company already supplies major players like Lockheed Martin and RTX The deeper implication: This isnโ€™t just another 3D printer. It represents a shift toward software-defined, on-demand manufacturing at industrial scale for mission-critical hardware. As defense and aerospace demand skyrockets, traditional supply chains are too slow. Systems like Monolith One could become a cornerstone of faster, more resilient domestic production especially for complex structures that are difficult or impossible to make conventionally. Weโ€™re watching the industrialization of additive manufacturing in real time. How do you think large-scale 3D printing will change aerospace and defense manufacturing over the next decade? Follow for more frontier manufacturing and defense technology.

TheNewPhysics

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CM Shivakumar defends Bidadi Township amidst opposition protests, says compensation will be more than โ‚น3 crore per acre. Bengaluru The proposed #BidadiTownship project has become the latest flashpoint in #Karnataka politics, with the #BJP and #JDS joining hands to stage protests against the governmentโ€™s plan. Chief Minister D.K. Shivakumar, however, has mounted a strong defense of the initiative, insisting that his administrationโ€™s compensation package for landowners is far more generous than what was offered earlier.#DKShivakumar contrasted his governmentโ€™s approach with that of the previous administration. โ€œThe previous government had fixed a price of only โ‚น25 lakh per acre. However, our government has decided to give more than โ‚น3 crore per acre,โ€ he declared, stressing that farmers stand to benefit significantly from the revised model. The opposition has accused the government of pushing through the township project at the expense of local communities, calling the land acquisition process unfair. BJP and JD(S) leaders argue that despite the higher compensation, the project threatens livelihoods and represents a large-scale land grab. The government counters that the township will bring infrastructure growth, employment opportunities, and long-term economic benefits to the region. DK Shivakumar เฒนเณ†เฒšเณ.เฒกเฒฟ.เฒ•เณเฒฎเฒพเฒฐเฒธเณเฒตเฒพเฒฎเฒฟ | HD Kumaraswamy Vijayendra Yediyurappa Karnataka Congress JanataDalSecular BJP Karnataka

Yasir Mushtaq

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This is GIFT City. But this post is about Gurugram. Wide roads. Underground utility tunnels. District cooling. Automated waste collection. Green-certified buildings. More than 1,200 registered entities and $111 billion in banking assets. It is not Shanghai, Shenzhen or Dubai yet. But the direction is visible. Gujarat imagined a city that could compete with global financial centres. Then it started building the infrastructure required for that ambition. Now come to Gurugram. The city credited with contributing around 65% of Haryanaโ€™s revenue. Around 25% of the stateโ€™s GST collection comes from Gurugram. Last year, it contributed โ‚น3,875 crore from liquor-zone auctions alone. That was 27% of Haryanaโ€™s total. The Bristol Chowk licensing zone alone fetched nearly โ‚น100 crore. Mr Nayab Singh Saini, what exactly is Gurugram getting in return? Garbage is lying on roads across the city. Gurugram generates around 1,200 tonnes of waste every day. The waste collection system has survived on temporary arrangements since the main contract was terminated in June 2024. Nearly two years later, the city is still floating tenders and searching for a permanent solution. Then come the roads. An MCG survey found more than 2,000 potholes across eight zones. One division alone had 600. Only 387 had been repaired when those numbers were reported. By February 2026, MCG had to announce another drive targeting 5,000 potholes in ten days. We do not have a road-maintenance system. We have pothole-filling announcements after every round of public outrage. Then it rains. In July 2025, 133 mm of overnight rain brought Gurugram to a standstill. Subhash Chowk had around 2.5 feet of water. People remained stuck in traffic until 2 AM. Open manholes disappear under rainwater. Potholes become invisible. Roads turn into accident traps. Then the electricity goes. A resident of DLF Phase 1 reported an eight-hour power cut after a five-minute drizzle. In May 2026, a fault at the Sector 72 substation disrupted eight substations and even affected Rapid Metro operations. This is happening in one of the most expensive corporate and residential districts in India. And money is not the problem. MCG spent โ‚น1,282 crore out of its โ‚น1,497 crore expenditure budget by January 2026. But only โ‚น85 crore had gone towards road construction and โ‚น240 crore towards sanitation and waste management. So the problem is worse than merely having an unspent budget. Money is being spent. Residents simply cannot see the outcome on the roads outside their homes. We are not asking Haryana to build another GIFT City tomorrow. We are asking for three things. Roads that remain usable after rain. Electricity that does not disappear with the first storm. Garbage that gets collected before every vacant plot becomes a dumping ground. These are not luxury demands. These are the most basic functions of a government. Property prices in Gurugram have reached global-city levels. People are paying โ‚น5 crore, โ‚น8 crore and โ‚น10 crore for apartments. But outside the gates, the roads, drains and electricity systems still feel like they belong to another decade. Gujarat looked at an empty piece of land and imagined a global city. Haryana already has one of Indiaโ€™s strongest economic cities. It does not need to imagine it. It only needs to stop neglecting it. Fix the roads. Fix the power. Pick up the garbage. That is all Gurugram is asking for. Video credit, Reddit: [aamirusiddiqui]

Abhishek Bhardwaj

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StablecoinX Inc. StablecoinX has announced an additional $530 million capital raise as part of its $ENA accumulation strategy. To date, StablecoinX has raised a total of approximately $895M in PIPE financing, which is expected to result in a vehicle with over 3 billion ENA tokens on its balance sheet at closing. This enhanced scale enables greater access to additional institutional channels, broader investor and third-party coverage, and the capacity to hire top tier leadership. As with the initial PIPE raise, the cash raised via the PIPE will be used by StablecoinX to acquire tokens from a subsidiary of the Ethena Foundation. The Ethena Foundation subsidiary will initiate an approximately $310 million buyback program over the next 6-8 weeks via third party market makers, reinforcing the alignment between the Foundation and StablecoinX shareholders. The expected deployment rate of purchases is outlined in the section below this tweet, and is incremental to the buyback program from the initial PIPE financing transaction which has now been completed. At current prices, the planned buyback program of this second PIPE transaction combined with the liquid ENA contributed to the PIPE by third party investors represents roughly 13% of circulating supply. This is in addition to the initial PIPE financing which resulted in the acquisition of approximately 7.3% of circulating token supply over the last 6 weeks. Importantly, as with the initial PIPE raise, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Once again, to the extent StablecoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA. StablecoinX's treasury strategy is a deliberate, multiโ€‘year capital allocation strategy that will enables StablecoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.

Ethena

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