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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….