Mumbai: Transformer Manufacturer Atlanta Electricals’ Rs.687 crore IPO opens today, with the price band of Rs.718-754 per share. The company will issue new shares worth Rs.400 crore along with an Offer For Sale (OFS) component of equity shares up to 38.10 lakh shares. The company aims to use the proceeds to fund its working capital requirements, repay debt, and cover other corporate expenses. The issue closes on Wednesday, September 24. The Anand, Gujarat-based company is India’s leading transformer maker, with major public utilities being its major clients. Currently, the company has a strong order book of Rs.1,642 crore as of…
Author: Abizar Attari
Abizar Attari
Abizar has been writing before AI started to take over your lives! His expertise lies in analysing diverse perspectives and simplifying them for laymen. Beyond writing, storytelling and editing, he enjoys running, learning and enjoying the outdoors.
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New Delhi: AC manufacturing giant Amber Enterprises announced the acquisition of ILJIN Holdings, an Israel-based company, to strengthen its position as a consumer durables electronics manufacturer. The company, which holds about 25% of the market share in India’s room air conditioning (RAC) market, aims to diversify into related segments to hedge against the seasonal nature of the business. Incorporated earlier this month in Israel, ILJIN Holdings will serve as a Special Purpose Vehicle (SPV) to facilitate the company’s international investments and acquisitions, paving the way for further expansion. The company has recently acquired a majority stake in Israel-based Unitronics and…
New Delhi: Power generation major SJVN has announced the launch of its 200MW solar power project at Khavda, Gujarat, with Prime Minister Narendra Modi virtually laying the foundation stone at an event at the location. In a proud moment for @SjvnLimited , Hon’ble Prime Minister Shri Narendra Modi virtually laid the foundation stone of SJVN’s 200 MW Solar Power Project (GUVNL Phase – XVII, Khavda Solar Park) at Khavda, Gujarat, today.#sjvn #SolarPower #Gujarat @MinOfPower @power_pib pic.twitter.com/ShEfwP8Alu — SJVN Limited (@SjvnLimited) September 20, 2025 Also present at the event were Gujarat CM Bhupendrabhai Patel, Union Minister for Ports, Shipping and Waterways,…
On August 21, India’s parliament effectively shut the doors to the $4 billion worth Real Money Gaming (RMG) industry, primarily concerned with the rising cases of gambling addictions reported across the country. Even though gambling is illegal in India, these companies expoited loopholes in the law, reasoning that their games were based on ‘skill’ rather than ‘chance’. With a rare consensus across party lines, the politicians aimed to uproot the cause- rather than address the solution of the challenge- gambling addiction. These RMG apps were accused of using coercive tactics to get people into a vicious cycle of debt and…
Mumbai: Hindustan Rectifiers Ltd (Hirect), a leading player in India’s electrical equipment sector, has announced its acquisition of France-based BeLink Solutions for € 1 million. This acquisition is aimed at enhancing the company’s Research and Development (R&D) efforts, esproviding a strategic manufacturing hub in Europe while also enabling it to specialise in the field of 3D printed electronics, for its industrial and railway-focused products. The Mumbai-based company has been one of the leading domestic manufacturers of power conversion equipment, primarily supplying the railways with transformers, rectifiers, and control electronics, as well as related equipment. This acquisition is expected to be…
Mumbai: UGRO capital, a NBFC focused on MSME lending, has received RBI’s approval to acquire Profectus Capital Private Ltd for approximately Rs.1,400 crore. The transaction is expected to close by October 31, 2025 after which the Mumbai-based company will become a subsidiary of UGRO Capital Limited. Once done, the company will eventually be merged into UGRO Capital, giving UGRO Capital access to Profectus’ client mix, and eventually scaling up the business by 30%. Following the transaction, UGRO capital’s Assets Under Management (AUM) will grow by 29%, helping it diversify into high-yielding emerging markets and expanding its asset mix. UGRO will…
Mumbai: Aditya Birla Fashion and Retail Ltd (ABFRL) is looking to grab a bigger pie of India’s booming fast fashion market, currently dominated by Tata-owned Zudio and a host of smaller e-commerce brands, with the launch of its OWND! brand. The company hasn’t been able to scale up in the extremely popular value fashion category, despite investing in more than 25 local and international clothing brands. In May this year, the company demerged its premium brands, including Van Heusen, Louis Philippe, Allen Solly, and Peter England, into a separate entity —Aditya Birla Lifestyle Brands Ltd (ABLBL) — to streamline operations.…
Surat: KPI Green Energy Ltd, a leading renewable energy player based in Surat, Gujarat, has announced the launch of India’s first green bond worth Rs.670 crore on the National Stock Exchange. The bond comes with a five-year tenure and an 8.5% interest rate, payable quarterly. The bond is supported by a partial 65% guarantee from GuarantCo, a part of the Private Infrastructure Development Group, funded by the governments of the UK, Switzerland, Sweden, Netherlands, Australia, France and Canada. GuarantCo is rated AA- by Fitch and A1 by Moody’s. In India, CRISIL and ICRA have rated the bond AA+, broadening the…
Mumbai: Managed commercial spaces brand SmartWorks has announced the opening of its largest managed co-working space in the Mumbai Metropolitan Region at Ghansoli, Navi Mumbai. Spread over 557,000 sq ft, this managed office campus has been developed in partnership with Tata Realty and Infrastructure Ltd. Located on the Thane Belapur Road, the office space at Intellion Park is looking to become the largest IT Park in Navi Mumbai, backed by well-established social and physical infrastructure, a large talent pool and increasing interest from leading corporations. “Mumbai is a strategic market and enterprise demand here continues to accelerate across sectors. Intellion…
New Delhi: TVS Motors, India’s leading two-wheeler manufacturer has collaborated with Noise, a leading lifestyle brand, to offer an industry-first EV-smartwatch integration. The company has launched a customized special edition Noise smartwatch, designed to provide real-time access to critical vehicle status updates. The smartwatch is currently exclusively available on TVS’s website. “We are committed to reimagining the future of mobility by seamlessly blending technology, sustainability and customer-centric innovation. Our partnership with Noise is a testament to this vision, transforming the smartwatch from a lifestyle device into a smart riding assistant. By integrating the TVS iQube with a connected smartwatch, we…
