In a strategic move to deepen its presence in India’s premium craft spirits market, Diageo India, through its subsidiary United Spirits Ltd (USL), has announced the full acquisition of Nao Spirits & Beverages, the homegrown maker of award-winning gin brands Greater Than and Hapusa, in a deal valued at ₹110 crore. 🥃 Deal Structure and…
In a strategic move to scale its operations, OYO-owned co-working startup Innov8 has sold a 3% stake at a valuation of ₹1,000 crore, signaling strong investor confidence in India’s booming flexible workspace sector. The latest funding round was led by the Raymond Family Office, which acquired nearly 2% equity, according to sources. 🏢 Expansion Amid…
Global private equity firm VerlInvest has reaffirmed its bullish stance on India, citing the country’s significantly higher investment returns compared to its global portfolio. Speaking to Moneycontrol, Arjun Anand, Managing Director and Head of Asia at VerlInvest, revealed that India now accounts for 20% of the firm’s global assets under management (AUM), with returns that…
Productivity software giant Notion is doubling down on its India strategy, with co-founder Akshay Kothari calling the country the company’s “next major growth market”. In a recent interview, Kothari highlighted India’s rapid user adoption, especially among young professionals and startup unicorns, and outlined plans to enhance performance, localize payments, and expand R&D operations. 🇮🇳 Why…
Pranav Adani, Director of Adani Enterprises, has emphasized that India’s true growth potential lies beyond its capital cities, calling for a renewed focus on the country’s heartland regions like Ranchi, Raipur, Bhubaneswar, and the Northeast. Speaking at the first Foundation Day of the Chintan Research Foundation (CRF), Adani underscored the need for inclusive development to…
Leading real estate developer Kalpataru Ltd is set to launch its much-anticipated ₹1,590 crore Initial Public Offering (IPO) from June 24 to June 26, following a robust performance in the housing and commercial segments. The Mumbai-based firm reported property sales worth ₹2,727.24 crore during April–December FY25, driven by strong demand across the Mumbai Metropolitan Region…
In a major boost to West Bengal’s industrial landscape, Dhunseri Group has announced a ₹1,000 crore investment to expand its Panagarh facility through its subsidiary Dhunseri Poly Films Ltd. (DPFPL). The expansion includes the installation of two new production lines—one for BOPET (Biaxially Oriented Polyethylene Terephthalate) and another for BOPP (Biaxially Oriented Polypropylene)—used extensively in…
The Kochi Municipal Corporation is reviewing a ₹270 crore proposal to establish 25 modern resto cafes across the city, aimed at enhancing public amenities and urban aesthetics. The project, presented by Urban Solutions, a private town-planning consultancy, was discussed during the latest council meeting and is currently under detailed examination by the Corporation Secretary. 🏗️…
Indian IT giant Wipro Ltd. has significantly expanded its presence in Mindspace Business Park, Airoli, by leasing 3.87 lakh sq ft of premium office space at a monthly rent of ₹2.47 crore, according to property registration documents accessed by Propstack. The lease agreement, signed with Mindspace Business Parks Private Limited, commenced on July 31, 2024,…
Bengaluru-based real estate developer Concorde has acquired a 3-acre land parcel in Hennur, North Bengaluru, to launch a premium high-rise residential project with an estimated Gross Development Value (GDV) of ₹500 crore. The project is slated for launch in FY 2026–27 and will feature 2 and 3 BHK luxury residences with modern amenities and community-centric…
A new report by McKinsey & Company reveals that India Inc could generate up to $2 trillion in revenue by 2030 from 18 high-potential growth sectors, nearly tripling the $690 billion recorded in 2023. These sectors are projected to contribute nearly 30% of India’s incremental GDP by 2040, positioning the country as a global economic…
Leading auto components manufacturer Uno Minda Ltd. has announced a strategic investment of ₹210 crore to establish a new electric vehicle (EV) casting parts facility in Sambhajinagar (Aurangabad), Maharashtra. The move is aimed at meeting the surging demand from original equipment manufacturers (OEMs) in the EV segment. 🏭 Facility Highlights and Expansion Plan The decision…
Homegrown electric motorcycle manufacturer Oben Electric has secured an additional ₹50 crore in an extended Series A funding round, bringing its total Series A capital to ₹100 crore and overall funding to ₹200 crore. The latest round, concluded in May 2025, saw participation from both new and existing investors, including Helios Holdings, the Sharda family…
Japanese electric vehicle manufacturer Terra Motors has officially entered India’s L5 electric three-wheeler segment, appointing its first dealership in Varanasi as part of an aggressive national expansion strategy. The move marks a significant shift from the traditional L3 (e-rickshaw) market to high-speed, urban-ready L5 EVs, led by the company’s flagship model, Kyoro+. 🚘 Kyoro+ Launch…
In a major boost to India’s renewable energy sector, KPI Green Energy Ltd. announced that its wholly owned subsidiary, Sun Drops Energia Pvt. Ltd., has secured new orders totaling 36.87 megawatts (MW) for solar power projects. The orders fall under the company’s Captive Power Producer (CPP) business segment and are aligned with the Gujarat Renewable…
The ambitious Vadhvan Port Project, poised to become India’s largest deep-water port, is set to raise ₹30,000 crore (approx. $3.5 billion) in long-term debt to fund its first phase of development. The project, located north of Mumbai in Maharashtra’s Palghar district, is a cornerstone of Prime Minister Narendra Modi’s infrastructure vision under the Sagarmala programme….
India’s largest retail brokerage firm, Zerodha, has rolled out a free support initiative to help investors convert old physical share certificates into digital demat format, even if they are not Zerodha customers. The move, announced by co-founder Nithin Kamath, aims to unlock crores worth of dormant legacy investments and simplify compliance with SEBI’s dematerialisation mandate….
In a landmark achievement for India’s energy sector, the Ministry of Coal has allocated its 200th coal mine, reaffirming its commitment to sectoral reforms, private participation, and energy self-reliance. The milestone was reached with the allocation of the Marwatola–II coal block in Madhya Pradesh to Singhal Business Private Limited. 🛠️ Transforming India’s Coal Ecosystem The…
In a striking revelation, Infosys founder NR Narayana Murthy has disclosed that IIT-Kanpur missed out on a potential windfall of ₹2,000 crore in Infosys shares due to outdated government regulations that barred educational institutions from accepting equity-based donations. A Missed Opportunity for Long-Term Capital Growth Over two decades ago, Murthy offered to donate ₹8 crore…
Mumbai-based luxury real estate firm Arkade Developers Ltd saw its shares climb 4.17% on June 16, 2025, following the announcement of a ₹2,000 crore residential project in Thane, Maharashtra. The stock touched a high of ₹199.45, up from its previous close of ₹192.10, reflecting strong investor confidence in the company’s strategic expansion. Strategic Land Acquisition…
In a major milestone for India’s high-speed rail ambitions, a Siemens-led consortium has bagged a ₹4,100 crore contract from the National High-Speed Rail Corporation Limited (NHSRCL) to deliver advanced signalling and telecommunication systems for the Mumbai-Ahmedabad Bullet Train corridor. Consortium Partners and Scope of Work The winning consortium includes Siemens Limited, Siemens Mobility GmbH, and…
In a major boost to India’s industrial landscape, Uganda-based conglomerate Madhvani Group has announced plans to invest up to ₹10,000 crore in India over the next five years. The announcement follows a high-level meeting between Group Promoter Shrai Madhvani, his wife Aparna Madhvani, and Group Director Nitin Gadhia with Prime Minister Narendra Modi in New…
Sterlite Technologies Ltd (STL) is making a bold play in the global data centre market, unveiling a new suite of AI-optimized connectivity solutions as it targets a $1 billion opportunity worldwide. The move comes as demand for high-performance, scalable, and sustainable data centre infrastructure surges, driven by the exponential growth of AI workloads. AI Workloads…
The Central Bureau of Investigation (CBI) has registered a case against Supertech Limited, its top directors, and unidentified bank officials for allegedly defrauding IDBI Bank of ₹126.07 crore. The case stems from a 2014 term loan of ₹200 crore extended under a consortium arrangement with Union Bank of India, which Supertech allegedly defaulted on, leaving…
A US-based Non-Resident Indian (NRI) faced a harrowing tax ordeal after selling a property in Pune for ₹2 crore, all due to a technical error by the buyer—who used the wrong TDS form while deducting tax at source. The mistake triggered a ₹46 lakh tax demand from the Income Tax Department, despite the NRI having…
In a major crackdown on tax evasion, the Delhi Government’s Department of Trade and Taxes has uncovered a ₹14 crore Goods and Services Tax (GST) refund fraud, retrieving ₹1.16 crore and arresting one key accused. The operation marks a first-of-its-kind data-driven investigation, leveraging big data analytics and banking chain analysis to trace illicit fund flows…
Zerodha co-founder and CEO Nithin Kamath has raised alarm over a sharp rise in broker impersonation scams, urging investors to stay vigilant as the Securities and Exchange Board of India (SEBI) introduces a new UPI security framework to curb fraud in the capital markets. “Scammers Are Impersonating Brokers” – Kamath Warns Taking to X (formerly…
Global biopharmaceutical major Biocon Ltd, led by Kiran Mazumdar-Shaw, is set to launch a Qualified Institutional Placement (QIP) worth up to ₹4,500 crore, possibly as early as this week, according to multiple reports. The capital raise is aimed at reducing the company’s ₹1.2 billion net debt and bolstering its financial health. Top Investment Banks Advising…
India’s equity markets have defied global trends in 2025, with the Nifty 50 index surging over 5% year-to-date, even as foreign portfolio investors (FPIs) pulled out $10.6 billion—the highest outflow among Asian economies. This paradox has sparked widespread curiosity: what’s keeping Indian markets buoyant amid such heavy foreign selling? Domestic Institutional Investors (DIIs) Take the…
India is poised to become a global electronics manufacturing powerhouse, with domestic production projected to reach $500 billion by 2030, according to a new report by PwC. The forecast highlights India’s growing appeal amid global supply chain realignments, robust domestic demand, and policy-driven incentives. Three Growth Scenarios: Conservative to Ambitious The report outlines three potential…
