Starlink, the satellite internet venture owned by Elon Musk, is gearing up to launch its satellite communication (satcom) services in India, according to recent reports. The company already holds a Global Mobile Personal Communications by Satellite (GMPCS) licence, valid for 20 years, allowing it to provide satellite-based voice…
In a major global technology deal, SoftBank Group has announced plans to acquire ABB’s robotics division for $5.4 billion, according to a report by Nikkei Asia. The acquisition, to be executed through a newly formed holding company, is expected to close between mid-2026 and late-2026, pending regulatory approvals…
India has achieved a major renewable energy milestone, surpassing 125 gigawatts (GW) of installed solar power capacity, according to Union Renewable Energy Minister Pralhad Joshi. With this achievement, India now ranks third globally in solar energy generation. Key Announcement The update was shared during the curtain raiser of…
UGRO Capital Ltd, a leading MSME-focused lender, has announced plans to raise up to ₹300 crore through the issue of listed, rated, senior, secured, transferable, and redeemable Non-Convertible Debentures (NCDs). The fundraising will be executed via private placement, with an oversubscription (green shoe) option of up to ₹150…
HSBC has unveiled its Innovation Banking platform in India, pledging $1 billion in startup lending to accelerate growth across the country’s rapidly expanding innovation ecosystem. The initiative focuses on providing non-dilutive debt capital—enabling entrepreneurs to raise funds without giving up equity. About the Innovation Banking Initiative The platform…
Escorts Kubota Ltd has announced plans to invest up to ₹2,000 crore by 2031 to expand its manufacturing and research & development facilities in Haryana. The investment aims to enhance production capacity across agriculture and construction equipment, supporting the company’s long-term growth and innovation strategy. Investment Plans and…
Ashoka Buildcon Ltd, a leading player in India’s infrastructure sector, has acquired a partial stake in its subsidiary, Ashoka Concessions Limited (ACL), for ₹882.25 crore. The acquisition covers 44,57,848 Class A CCDs at ₹1,007.15 each and 1,15,17,129 Class B CCDs at ₹10 each, purchased from Macquarie SBI Infrastructure…
The Securities and Exchange Board of India (SEBI) is exploring measures to simplify and strengthen the Securities Lending and Borrowing (SLB) mechanism, with the goal of making it more user-friendly and widely adopted among market participants. Speaking on the sidelines of the Global Fintech Fest 2025, Ananth Narayan,…
Lupin Ltd has announced a major expansion in the United States with plans to establish a state-of-the-art pharmaceutical manufacturing facility in Coral Springs, Florida. The project represents a $250 million investment over five years, aimed at bolstering domestic production of critical respiratory medicines and reinforcing supply chain resilience.…
Crompton Greaves Consumer Electricals Ltd (CGCEL) has announced that it has won an order worth ₹51.59 crore for the supply of solar rooftop systems to households in Telangana. Under the project scope, the company will supply inverters, AC and DC distribution boxes (ACDB & DCDB), and solar modules,…