From Aule Space’s satellite ‘jetpack’ to BlissClub’s Rs 160-crore funding boost,YourStorybrings you today’s headlines with the latest developments across sectors. Picture yourself driving a car. You reach your destination and get ready for the return journey, only to realise that you’ve run out of fuel. “You wouldn’t abandon your car, would you?” asks Jay Panchal, Co-founder, Aule. When the answer is an obvious no, 25-year-old Panchal proceeds to ask the next question–why would one do that for satellites then? Bengaluru-based Aule Space is building a jetpack that docks with satellites after they run out of fuel, extending their lives by a few years. Wakefit, the omni-channel home and sleep solutions brand, began FY27 with higher revenue and improved profitability, supported by strong growth in its own sales channels, rapid retail expansion and better gross margins, even as volatile raw material costs remained a challenge. Revenue from operations for the June quarter rose 16.6% year-on-year to Rs 404.9 crore. Profit after tax increased 19.2% to Rs 23.4 crore, although reported earnings were reduced by a Rs 7.3 crore deferred tax charge linked to the partial unwinding of deferred tax assets recognised in the previous quarter. Bengaluru-based athleisure brand BlissClub has raised Rs 160 crore in a funding round led by Singularity AMC, an India-focused alternative asset manager that backs high-growth businesses across sectors. Founder Minu Margeret and her partner Vidit Aatrey have also invested significant personal capital in the round, while existing investors Elevation Capital, an early-stage venture capital firm, and global investment firm Eight Roads Ventures increased their commitments. PayU has partnered with business management platform Marg ERP to power Marg Pay, an integrated payments solution for pharma distributors and MSME retailers. The solution embeds PayU's payment infrastructure into Marg ERP, enabling digital collections and automated reconciliation. Retailers can generate dynamic QR codes for invoice payments, while distributors can create payment links with bill-wise reconciliation directly within the ERP. The companies said the partnership aims to reduce manual reconciliation, improve cash flow and enhance operational efficiency. The integration will also be extended to Marg's eRetail application for B2B ordering, payments and reconciliation. Six faculty members from IIT Madras have been awarded the Anusandhan National Research Foundation's J. C. Bose Grant, a prestigious research award for senior scientists and engineers. The recipients are Prof. Sujatha Srinivasan, Prof. Thalappil Pradeep, Prof. Deepa Venkitesh, Prof. Jitendra S. Sangwai, Prof. Ramakrishnan Swaminathan and Prof. Sundargopal Ghosh. The grant provides Rs 25 lakh annually for five years to support frontier research. The award recognises outstanding research achievements and enables senior researchers to pursue high-impact scientific and engineering research throug
