TruAlt Bioenergy gains OMC status, to launch 100 flex-fuel retail outlets across India

TruAlt Bioenergy, an ethanol producer, has secured ‘Oil Marketing Company’ (OMC) status, enabling it to retail fuels nationwide. The company will soon launch some 100 flex-fuel outlets in Karnataka and Maharashtra, offering ethanol, Bio-CNG, petrol, diesel, and EV services.

This move positions TruAlt among the first private biofuel firms with OMC authorisation, supporting India’s clean energy transition and rural development. TruAlt’s expansion is expected to generate 2,000 jobs and advance the country’s ethanol blending and sustainable mobility goals.

Eastman Auto & Power and Vande Bharat E-Vehicles sign ₹50 crore MoU to boost lithium-ion battery adoption in EVs

Eastman Auto & Power Ltd. (EAPL) has signed a Memorandum of Understanding with Vande Bharat E-Vehicles to supply lithium-ion batteries worth ₹50 crore annually for electric three-wheelers.

The partnership aims to accelerate India’s electric mobility transition by powering Vande Bharat’s E-Rickshaws with advanced batteries, making EV adoption more accessible for commercial drivers nationwide. The collaboration will also drive innovation in battery leasing and strengthen Eastman’s leadership in the e-rickshaw battery segment, supporting India’s clean energy and net-zero ambitions.

BEL, Metamind, and Persistent Systems sign MoU to deliver AI-driven software solutions across sectors

Bharat Electronics Limited (BEL), Metamind Systems, and Persistent Systems have signed a tripartite Memorandum of Understanding to jointly develop innovative software products and services in data analytics, artificial intelligence, machine learning, and cybersecurity.

The collaboration will target sectors including defence, healthcare, telecommunications, energy, and smart cities, with a focus on opportunities in India, the US, and Latin America. This partnership leverages BEL’s defence expertise, Metamind’s digital platforms, and Persistent’s global digital engineering capabilities to drive next-generation technology solutions across multiple industries.

IIT Madras launches School of Innovation and Entrepreneurship to boost campus startup ecosystem

IIT Madras has inaugurated its School of Innovation and Entrepreneurship to provide structured academic and research support for campus startups, Higher Education Review reports. The new school will offer programs, funding, and research opportunities, including an MS in Entrepreneurship starting July 2025, and aims to consolidate all innovation initiatives under one umbrella.

The school will also introduce IITM-specific funding mechanisms for startups and is considering new practice-led degrees and an ‘Innovation Doctorate.’ IIT Madras Incubation Cell supported 104 new startups in the fiscal year 2024–25, cementing the institute’s leadership in India’s deep-tech startup landscape.

Greaves Electric Mobility appoints Vikas Singh as Managing Director to drive next growth phase

In some news on top executive movement, Greaves Electric Mobility Limited (GEML), the electric vehicle arm of Greaves Cotton, has appointed Vikas Singh as its new Managing Director, effective 2 June 2025.

Singh, an alumnus of FMS, University of Delhi, brings extensive leadership experience from top Indian and multinational firms. He will oversee GEML’s management team and spearhead the company’s growth in India’s expanding EV market.