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Apple Launches Klarna-backed Upgrade Leasing

Apple is launching the Apple Upgrade device-leasing program, backed by Klarna, set to debut in the U.S. on July 28 with 24-month leases for iPhone and Apple Watch and 36-month leases for Mac and iPad, allowing early upgrades, payoff, or returns as it phases out the current iPhone Upgrade Program. The move, aimed at expanding financing options and customer access to the latest devices, accompanies exclusions such as AppleCare and some devices, and signals Klarna’s growing role in Apple’s device-financing strategy.

23 sources

Photo: Maurice King / Wikimedia Commons (CC BY 2.0)

Boeing Merlinhawk Sign In-Country EO/IR Support

Merlinhawk Aerospace and Boeing Defence India have formalized an in-country sustainment partnership to maintain and support advanced EO/IR systems on Indian defence platforms, leveraging Merlinhawk’s Bengaluru WESCAM Centre to cut turnaround times and boost fleet availability and mission readiness. The pact reinforces India’s self-reliance and indigenous MRO capabilities, with a focus on the Indian Navy’s P-8I and broader defence applications under the Atmanirbhar Bharat framework.

5 sources

Photo: Jan2342342423 / Wikimedia Commons (CC0)

Microsoft funds Mistral Europe expansion

Microsoft and French AI firm Mistral are expanding a multibillion-dollar partnership to deploy Mistral’s Europe-based GPU infrastructure and open models across Azure, Azure Local, and Foundry, boosting European capacity while preserving access to U.S. software and security features. The deal aims to reduce reliance on U.S. technology, support regulated industries, and accelerate broader deployment of Mistral’s Medium 3.5 and OCR 4 models, with Nvidia GPUs and European data sovereignty at its core.

15 sources

Adani Total Gas Q1 Profit Drops 14%

Adani Total Gas posted Q1 FY27 revenue of ₹1,907 crore and a consolidated net profit of ₹142 crore, with profit dipping year-on-year due to higher gas procurement and operating costs that compressed margins (EBITDA around ₹270 crore and a 14% margin). Revenue growth supported by expanding CNG/PNG networks and volume, while costs rose and profitability came under pressure.

9 sources

Teja Engineering Secures ₹18 Crore ONGC O&M Contracts

Teja Engineering Industries has won two ONGC O&M contracts totaling about ₹18 crore, including a ₹15 crore three-year LP gas compression facilities contract at Mandapeta and Tatipaka under the Rajahmundry asset and a ₹3 crore six-month award at Ankleshwar for GCP-I, GCP-IV and GCS Motwan. These wins extend Teja’s ONGC relationship and bolster its long-term revenue visibility by expanding its service portfolio across India's gas infrastructure assets.

5 sources

Samsung establishes RX Office to advance robotics

Samsung is establishing the RX (Robotics eXperience) Business Promotion Office, reporting directly to the CEO, to unify dispersed robotics capabilities and push robotics as a core growth driver across consumer and industrial domains. It will build a data factory at the Gumi plant, create global research hubs in the US, China, and Japan, recruit leading talent, and coordinate mid- to long-term strategy, technology development, and commercialization to accelerate field deployment of intelligent robots.

23 sources

Photo: Sherm for Disabled And Here / Wikimedia Commons (CC BY 4.0)

30 Sundays reports $6.7 million Series A to fund AI travel expansion

Gurugram-based travel tech startup 30 Sundays has raised about ₹61 crore ($6.7 million) in a Series A led by Bessemer Venture Partners, with participation from Info Edge Ventures and Eximius Ventures, boosting its total funding to around $7.5 million. The funds will accelerate AI-driven itinerary planning, product development, and brand-building while expanding into new international markets such as Georgia, Azerbaijan, Kazakhstan, and the Philippines, following recent launches in New Zealand and Mauritius, and a reported annualised gross booking value of roughly ₹200 crore across Bali, Vietnam, the Maldives, and Thailand.

7 sources

Transition VC launches ₹1,500 crore Fund II

Transition VC has launched Fund II with a target corpus of ₹1,500 crore to back around 20 engineering-led startups in the energy transition, advanced manufacturing and related deeptech, with investments of about $2-5 million over four years starting in Q3 FY27. The fund follows a successful Fund I (₹723 crore) that delivered roughly 57% IRR, over 3x MOIC, and zero write-offs, and expands the thesis to include energy networks, storage, and niche areas like nuclear and geothermal energy infrastructure for a more integrated portfolio.

8 sources

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