Le Travenues Technologies Ltd., the parent company of travel platform Ixigo, has unveiled plans to raise ₹1,296 crore through a preferential issue of equity shares, marking a major milestone in its growth journey. The investment underscores strong institutional confidence in Ixigo’s long-term vision and its growing influence in…
LG Electronics India has set a new benchmark in the Indian capital markets, with its blockbuster initial public offering (IPO) attracting bids worth an unprecedented ₹4.4 lakh crore. This marks the first time any IPO in India has crossed the ₹4 lakh crore subscription mark, reflecting immense investor…
Samvardhana Motherson International Limited (NSE: MOTHERSON) has completed the acquisition of the remaining 20% stake in Youngshin Motherson Auto Tech Limited (YMAT) from Youngshin Components Co. Ltd., South Korea, making YMAT a wholly owned subsidiary. The move marks a key milestone in Motherson’s global expansion strategy within the…
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…