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BPCL, Airfloa Rail Technology and Mphasis to see some action today

29 Oct 2025 Evaluate

Bharat Petroleum Corporation (BPCL) has signed three landmark Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery (NRL) and Fertilisers & Chemicals Travancore (FACT). These partnerships mark significant milestones in BPCL’s integrated growth strategy - spanning refining, petrochemicals, green energy, and logistics infrastructure - and reaffirm its commitment to building a sustainable and self-reliant energy future for India.

Airfloa Rail Technology has received new order of worth Rs 23.91 crore from Integral Coach Factory situated in Chennai. The domestic order is for Supply and Installation of Interior furnishing of Amrit Bharat Coaches in turnkey basis from Integral Coach Factory (ICF) situated in Chennai. The order is to be executed within around 15 months.

Mphasis has launched two quantum technology-focused solutions that are Mphasis qCryptsecTM for quantum-safe cryptography to strengthen enterprise resilience, and Mphasis QOptiDecisionTM for quantum computing-enhanced decision intelligence in the quantum era. Mphasis qCryptsec, the Quantum Cryptography solution, reduces risk from cybersecurity threats, regulatory non-compliance, and operational disruptions. Mphasis QOptiDecision brings the power of hybrid quantum-classical and quantum-inspired computing to accelerate complex enterprise decisions with more accuracy.

Organic Recycling Systems (ORSL) has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Roorkee (IITR) to collaborate on biomass valorisation, biochar development, and advanced environmental applications. The partnership brings together the industrial expertise of ORSL and the research excellence of IITR’s Department of Hydro and Renewable Energy (HRED) to foster innovation in renewable energy, circular economy, and carbon-neutral technologies.

Spice Lounge Food Works’ Board of Directors has approved the acquisition of 100% of the shareholding of Rightfest Hospitality LLP (Rightfest), marking a strategic expansion in India’s rapidly evolving casual dining, quick-service, and tech-enabled food experience space. This move is more than just an acquisition of an entertainment venue operator for the company as it signals a deliberate horizontal expansion beyond its culinary roots into the fast-growing experiential lifestyle ecosystem. 

Blue Cloud Softech Solutions has signed a strategic $15 million Memorandum of Understanding (MoU) with Byte Eclipse, a US-based IoT company, to design and develop Edge AI Chips tailored for the Oil & Gas (O&G) industry. This partnership underscores BCSSL’s commitment to delivering innovative, cost-effective, and technology-driven solutions to transform industrial operations. The primary objective of this collaboration is to create advanced Edge AI chips that enable real-time, on-site data processing and decision-making for mission-critical applications like Predictive Maintenance (PdM).

Rubicon Research has entered into a definitive agreement with Neuronasal, Inc. (Neuronasal), to acquire Common Stock in tranches, for a total consideration of up to $2.5 million. Neuronasal is a clinical stage company developing products for treatment of CNS diseases. Neuronasal is based in Wexford, Pennsylvania, USA.

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