Avendus Capital is managing the primary equity raise for the deal, which has an equity value of around $125 million and an enterprise value of around $250 million. IFC plans to invest $50 million equity in the company, with the remaining $75 million to be invested by Siemens AG and Fullerton Fund Management. The deal…
The move is closely tied to India’s ongoing free trade agreement (FTA) negotiations, where mobility of workers has emerged as a central issue, two people aware of the matter said on the condition of anonymity. The government believes that globally-aligned standards will help Indian professionals move more easily across borders as part of future trade…
The court’s decision will be significant as it will provide clarity on whether telecom spectrum — a natural resource and thus Constitutionally recognised as belonging to the citizens of India, with the government acting as a trustee — can be liquidated under the IBC for lenders to recover their dues. The ruling thus has implications…
Bank holiday next week: Banks across the country will remain closed on two days this week — Saturday, 22 November and Sunday, 23 November — as part of the regular weekly holidays. Apart from these scheduled holidays, banks are expected to operate as usual on all other days of the week. According to the Reserve…
“I didn’t have it in me to step out in peak traffic, so this just made more sense,” Shah said. She ended up keeping two pieces instead of one. Fashion quick-commerce platforms are pulling the familiar offline trial-room experience into the home. The model—often described as try-and-buy or “living-room trial”—allows customers to order multiple items,…
While the numbers look promising, bus manufacturers have found that the gross cost contract (GCC) tender model poses concerns, as it is a capital-intensive and stringent approach. Mint unpacks the model and explains why it is a concern. India’s massive e-bus tenders The CESL tender, along with future tenders under the scheme will operate on…
QCOs issued by the Bureau of Indian Standards (BIS) subject manufacturers and importers of specific goods to certain standards. While they ensure greater quality, they also raise costs, which cascade down to industries which use these raw materials. The order from the department of chemicals and petrochemicals comes after a Niti Aayog committee led by…
The rollback has reduced the number of products under mandatory QCOs to 744, down from 761, when the Centre had earlier targeted bringing more than 700 additional products under compulsory standards in FY26. The move stands out because it coincides with a renewed public push by the Centre for quality-driven manufacturing. At Udyog Samagam 2025,…
Heavy industries ministry seeks to shift ₹4,891 cr allocation for e-trucks, e-buses to next year’s budget ₹4891 cr allocation,FY27 budget,Localisation norms,E-bus tender,Disbursals”/> ₹4891 cr allocation,FY27 budget,Localisation norms,E-bus tender,Disbursals”/> Source link
In a relief to tariff-hit export-oriented sectors and their lenders, the Reserve Bank of India (RBI) on Friday announced several measures to ease their access to working capital, enable higher borrowing limits, and defer loan repayments until the end of the calendar year. “Reserve Bank has taken the following measures with a view to mitigating…