AGNIT Semiconductors has secured $2.6 million in a seed extension round led by Shastra VC, with continued participation from existing investors 3one4 Capital and Zephyr Peacock. This latest funding follows the company’s earlier $3.5 million seed round in 2024, taking its total capital raised to over $7 million.…
India’s passenger vehicle segment recorded healthy growth in February, with dispatches increasing 10.6% year-on-year to 4,17,705 units, according to data released by the Society of Indian Automobile Manufacturers. The rise reflects sustained demand across both urban and semi-urban markets, supported by favourable economic conditions and continued product innovation…
Ola Electric is reportedly planning to raise up to ₹2,000 crore through a stake dilution in its battery arm, Ola Cell Technologies (OCT). The proposed fundraise is part of the company’s broader strategy to strengthen its balance sheet and accelerate its battery manufacturing roadmap. Strategic Stake Sale to…
The Government of India is working on a set of targeted measures to assist exporters impacted by ongoing disruptions in West Asia. The move comes as logistical challenges and geopolitical tensions in the region begin to affect trade flows. Rajesh Agrawal, Commerce Secretary, indicated that both exports and…
India’s merchandise trade deficit declined to $27.1 billion in February 2026, improving from $34.68 billion recorded in January. The moderation was primarily driven by a reduction in imports, along with steady export performance during the month. Sequential Improvement in Trade Balance The latest data reflects a narrowing of…
India’s merchandise trade deficit moderated in February 2026, declining to $27.1 billion from $34.68 billion recorded in January. The improvement was driven by stable export performance and a notable contraction in imports during the month. Monthly Improvement in Trade Balance The narrowing of the deficit reflects a combination…
ISGEC Heavy Engineering Limited has provided financial backing to its overseas subsidiary by issuing a Standby Letter of Credit (SBLC) worth CAD 2 million. The development, disclosed to stock exchanges on March 17, 2026, is aimed at strengthening the subsidiary’s access to working capital. SBLC Structure and Purpose…
Crompton Greaves Consumer Electricals has reported robust growth in demand for its induction and electric cooker product range, reflecting a broader shift in consumer preferences toward energy-efficient and modern cooking solutions. Rising Demand in Electric Cooking Segment The company has witnessed a sharp increase in sales of induction…
Travelstack Tech, the parent entity of budget hospitality brand FabHotels, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The Bengaluru-based company, supported by leading global investors including Goldman Sachs, is among a set of companies recently…
Thermax Limited has announced a change in the shareholding structure of its former step-down subsidiary, First Energy 8 Private Limited (FE8PL), following the induction of a new strategic investor. The development comes after India Cements Limited entered into a Share Subscription and Shareholders Agreement (SSHA) with FE8PL, resulting…
