Deccan Region Today
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Business
India's Raymond Lifestyle eyes Europe for 25% of exports, cuts US dependence
Raymond Lifestyle (RAYL.NS), opens new tab expects Europe to account for roughly a quarter of its exports in two years as the Indian apparel maker expands in the region to reduce reliance on the United States amid shifting trade policies, CEO Satyaki Ghosh said. The plan comes as Indian garment exporters reassess their dependence on the U.S. market after tariff-related disruptions and position for higher demand following India's trade deals with Britain and Europe.
Andhra to hold investor meets in key Tamil Nadu cities to woo companies
Andhra Pradesh is holding investor meetings in Tamil Nadu for the first time, seeking to attract companies in the textiles, manufacturing and automotive sectors. The move assumes significance especially since the two states have traditionally stayed clear of each other's investment turf, avoiding an open contest for companies and capital.
Geopolitics
Joint Press Release: 9th meeting of the India-U.S. Civil Space Joint Working Group (CSJWG)
The 9th meeting of the India-U.S. Civil Space Joint Working Group (CSJWG) was hosted by India on 5 - 6 August 2026 at the headquarters of the Indian Space Research Organization (ISRO) in Bengaluru. Dr. V. Narayanan, Chairman, ISRO/ Secretary, Department of Space and H.E. Sergio Gor, the U.S. Ambassador to India addressed the opening segment and highlighted the significance of further strengthening the bilateral space cooperation.
Technology
Lightstorm secures ₹2,500-cr debt for AI fibre network
Lightstorm secured a Rs 2,500 crore debt facility from IndusInd Bank for AI fibre highways. This funding will support the company's AI infrastructure expansion across India. The debt raise follows the announcement of the I-2SEA subsea cable system connecting India and Southeast Asia. Lightstorm plans to expand its domestic fibre capacity over the next year. The company aims for a balanced capital structure with this debt raise.
Technology
US-based Amgen to open science and innovation center at Genome Valley in Hyderabad
Amgen will open a new science and innovation center in Hyderabad's Genome Valley. This facility is expected to become operational by the year 2027. The center will integrate experimental science with data and technology. It will expand Amgen's global research and development capabilities significantly. This investment highlights Hyderabad's growing importance as a global research hub.