MAY 20268MAY 2026TOP STORIESthe Asia-Pacific, as demand for battery materials and clean energy technologies surges. The initiative focuses on building complete supply chains, helping countries move beyond raw material exports into higher-value industrial production.Karnataka has cleared a Rs 780-crore land deal for Applied Materials to set up a major semiconductor hub in the state. The government has allotted nearly 140 acres at Bengaluru Signature Business Park near the airport area, reinforcing Karnataka's efforts to attract global technology investments and strengthen its role in India's growing semiconductor industry. India is pushing ahead with a major education and industry link-up through Space Startup Ecosystem development, with new space laboratories in universities and colleges set to train future space professionals. Union Minister Jitendra Singh reviewed the plan on Sunday, which proposes setting up seven labs in the first phase. India's auto industry faces a Rs 25,000 crore profit hit from End-of-Life Vehicle (ELV) rules in FY26, as companies begin adjusting to new environmental regulations that are expected to weigh heavily on their earnings and financial planning. The impact comes from the Environment Protection Rules 2025, which introduce stricter norms around vehicle scrapping, vehicle recycling, and disposal. India's private space sector moved a step ahead today with the successful launch of the Drishti Satellite by GalaxEye aboard a SpaceX Falcon 9. The Drishti Satellite strengthens Earth Observation capabilities by delivering clear, reliable imaging without being affected by weather or time of day.Developed in Bengaluru, the satellite introduces a new imaging approach by combining optical sensors with synthetic aperture radar in a single system. Optical imaging offers sharp visuals but struggles in cloudy or dark conditions, while radar can capture data through obstacles but lacks detail. The Asian Development Bank has launched a new ADB critical minerals financing facility aimed at strengthening manufacturing across KARNATAKA CLEARS RS 780-CRORE LAND DEAL FOR APPLIED MATERIALS HUBSPACE LABS TO FUEL INDIA'S GROWING SPACE STARTUP ECOSYSTEMADB CRITICAL MINERALS FINANCING FACILITY TARGETS ASIA GROWTHAUTO INDUSTRY FACES RS 25,000 CR PROFIT HIT FROM ELV RULESDRISHTI SATELLITE GIVES EARTH OBSERVATION A SHARP EDGE
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