Dutch investment firm Prosus is in advanced discussions to invest about $200 million (₹1,750 crore) in ride-hailing platform Rapido, according to reports. The move is aimed at increasing Prosus’ stake in the company, which currently stands at 3–4%. Investment Structure The funding is likely to be structured either…
The National Stock Exchange (NSE) has announced that it will conduct mock trading sessions on Saturday, August 30, in the capital market segment, along with the commodity and currency derivatives segments. The exchange shared the update through an official release today, August 29. Purpose of Mock Trading No…
Bank of Baroda (BoB) has announced a reduction in lending rates across key retail loan products ahead of the festive season, as per news reports. Car Loan Rate Reduction The bank has lowered interest rates on car loans by 25 basis points. The revised rate now stands at…
CG Semi Private Limited (CG Semi), a subsidiary of CG Power and Industrial Solutions Ltd and part of the Murugappa Group, has inaugurated India’s first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. With this launch, CG Semi emerges as one of India’s earliest full-service OSAT…
Overview AGI Infra Limited, a leading name in the construction and real estate sector, has announced plans to acquire a 60% stake in WorldNext Realty LLP for ₹30 crore. The deal, expected to be completed by March 31, 2026, underscores AGI Infra’s expansion strategy in the real estate…
In a major step to expand retail investment access, the Department of Posts (DoP), under the Ministry of Communications, and the Association of Mutual Funds in India (AMFI) have signed a Memorandum of Understanding (MoU) to distribute mutual funds through 1.64 lakh post offices across the country. The…
Mahindra Aerostructures Pvt Ltd (MASPL) has secured a contract from Airbus Helicopters to manufacture the main fuselage of the H125 single-engine helicopter. Production will begin immediately at MASPL’s Bengaluru facility, with the first fuselage delivery scheduled for 2027, according to reports. Financial details were not disclosed. Second Airbus…
New Delhi, August 29, 2025 — Adani Power Limited (APL), India’s largest private-sector thermal power producer, has won a $3 billion project in Bihar to supply 2,400 MW of electricity over the next 25 years. The company has received a Letter of Award (LoA) from Bihar State Power…
Jio Financial Services Limited (JFSL) showcased strong momentum across its lending, asset management, payments, and digital platforms during its Annual General Meeting (AGM). Managing Director and CEO Hitesh Sethia highlighted robust growth in Q1 FY26 and shared the company’s four-pillar strategy to scale sustainably in India’s competitive financial…
Online stock-broking and investment platform Groww has secured approval from the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) estimated between $800 million and $1 billion, according to reports. The Bengaluru-based company had filed a confidential draft red herring prospectus (DRHP) with…