Union Minister Nitin Gadkari has declared that India is on track to become a global exporter of green fuel, marking a transformative step in the country’s energy and environmental strategy. His statement reflects the government’s commitment to renewable energy, sustainable transport, and reducing dependence on fossil fuels. India’s Green Fuel Vision Key Green Fuel Initiatives…
KEC International, a global infrastructure engineering, procurement, and construction major, has confirmed that one of its subsidiaries has received an income tax demand notice amounting to ₹46 crore for the financial year 2022–23. The development has drawn attention from investors, analysts, and regulators, raising questions about compliance, financial impact, and corporate governance. Details of the…
Manav Robotics, a Bengaluru-based industrial robotics startup founded by former Ola executives Suvonil Chatterjee and Slokarth Dash, is in advanced discussions to raise between $15 million and $20 million from Blume Ventures and Qualcomm Ventures. The funding round, still under negotiation, is expected to accelerate the company’s AI-powered factory automation solutions. Founders and Vision Funding…
The World Bank has projected India’s economy to grow at 6.6% in FY27, reinforcing the country’s position as one of the fastest-growing major economies. However, the global lender has also flagged inflation risks stemming from volatile energy prices, cautioning policymakers to remain vigilant as external shocks could impact domestic stability. India’s Growth Outlook India’s growth…
Visa processing startup Atlys has announced an Employee Stock Ownership Plan (ESOP) buyback worth Rs 4 crore, signaling its commitment to rewarding employees and strengthening retention. The move highlights the company’s growth trajectory in the travel-tech sector and its focus on building long-term value for both employees and investors. What Is an ESOP Buyback? An…
The Indian rupee opened 40 paise stronger at Rs 92.64 per dollar on Wednesday, buoyed by global relief following the announcement of an Iran-US ceasefire. The truce eased geopolitical tensions in the Middle East, triggering a sharp fall in crude oil prices and boosting investor sentiment. Traders now turn their attention to the upcoming RBI…
Real estate developer Arvind SmartSpaces has announced the signing of two major redevelopment projects in Mumbai, with an estimated ₹2,700 crore revenue potential. This marks a significant expansion for the company in India’s most lucrative property market, reinforcing its strategy to tap into urban redevelopment opportunities in metro cities. The Projects in Focus The two…
According to market sources, Poonawalla Fincorp is preparing to launch a Qualified Institutional Placement (QIP) worth ₹5,000 crore, marking one of its largest fundraising initiatives to date. The move comes as the non-banking financial company (NBFC) looks to strengthen its capital base, expand lending operations, and position itself for long-term growth in India’s competitive financial…
Indian fintech startup KreditBee has successfully raised $280 million in fresh funding, pushing its valuation to $1.5 billion. The company, which specializes in digital lending solutions for individuals and small businesses, has announced ambitious plans to go public with an IPO by early 2027. This marks a significant milestone in India’s rapidly growing fintech ecosystem,…
Global energy markets were rocked as the announcement of an Iran-US ceasefire triggered one of the largest single-day crashes in oil prices in history. Crude oil futures plummeted by nearly 20%, wiping billions off energy stocks and reshaping the outlook for producers and consumers worldwide. The dramatic fall reflects how geopolitical tensions — and their…
