Author: Abizar Attari
News Editor

Mumbai, October 1: Jio Financial Services Limited (JFSL) and Germany’s Allianz Europe B.V. have jointly invested a total of ₹ 640.10 crore into their general insurance venture, Jio Allianz General Insurance Limited. The equal partners invested ₹ 320.05 crore each on a rights issue basis to strengthen their JV, as it gears up for its commerical plans.  According to a regulatory filing submitted by Jio Financial Services to stock exchanges, the fresh capital injection will be deployed to fund ongoing business operations and build technology infrastructure as the JV aims to launch its insurance business subject to requisite approvals from…

New Delhi, September 30: Major renewable energy producer Inox Clean Energy Limited, a part of the INOXGFL Group, has filed its  Draft Red Herring Prospectus (DRHP) with the market regulator, the Securities and Exchange Board of India (SEBI) as it looks to raise ₹10,000 crores from the capital markets. This involves a fresh issue of equity shares worth ₹8,000 crore and an Offer For Sale (OFS) of up to ₹2,000 crores, by promoter Devansh Jain. With this, the IPO would be the largest by a privately held renewable energy company in India.  The debt challenge For Inox Clean Energy, this…

Mangaluru, September 30: A major blast and fire were reported at the Mangalore Refinery and Petrochemicals Limited (MRPL) facility near Jokatte on Wednesday afternoon, triggering widespread panic in the area as thick black smoke billowed into the sky. The explosion occurred at around 12:20 PM in the plant’s Hydro Sulphur Treatment (CHT) unit, located approximately 15 kilometres from Mangaluru city, according to local reports. The loud boom was heard several kilometres away in regions including Angaragundi, Surathkal, Kulai, and the Baikampady industrial belt, while rattling windows at the nearby Mangaluru International Airport. Local residents said that the shockwaves shook their…

For years, innovation in nutrition was often measured by what you could add to a formula. The next phase may be defined by a different question: what can actually be demonstrated? India’s nutraceutical industry has been growing at an estimated 12-15% CAGR. The study puts the Indian nutraceutical market at $8-10 billion in 2023 and projects it could reach $18-20 billion by 2027. As the category expands, however, the conversation around innovation is also becoming a conversation about quality, safety and effectiveness. But market expansion also raises the standard that brands must hold themselves to. As more consumers enter the…

Key Takeaways Upcoming Price Hike: Major appliance brands like Daikin, Haier, Godrej, and Blue Star are raising prices on ACs, TVs, and washing machines by up to 8% starting October 1, marking their third price hike this year. Driven by the EV Surge: An electric vehicle requires nearly four times as much copper (~83 kg) as a standard combustion engine vehicle (~23 kg), placing unprecedented pressure on global copper reserves. Supply-Demand Deficit: Coupled with rising consumption from AI data centers and renewable grids, copper prices on the LME have surged nearly 48% year-over-year amid mining disruptions in major producing regions…

New Delhi, September 30: Telecom infrastructure giant Indus Towers Limited has signed a Memorandum of Understanding (MoU) with Replus Engitech Private Limited, a subsidiary of HEG Advanced Materials Limited,  for securing dedicated Battery Energy Storage System (BESS) production capacity for its telecom infrastructure. Under the agreement, Replus Engitech will allocate a dedicated manufacturing output of 1.5 GWh to supply advanced battery energy storage solutions tailored specifically for Indus Towers’ nationwide telecom network. This comes at a time when conventional diesel generators have become highly expensive, especially for remote areas, and BESS solutions offer a reliable solution that ensures an uninterrupted…

For Samarth Jaiswal, founder of Omara Jewellery, the company’s IPO will be one of the biggest turning points in his goal to scale up the brand. With the funds raised, Jaiswal aims to strengthen its operating structure, expand its retail presence and prepare the business for its next phase. Samarth has come a long way since he set up the first Omara boutique in Chandigarh in 2015. “My entry into the jewellery business was driven by a strong belief that there was an opportunity to build a more contemporary and customer-focused diamond jewellery brand. I wanted to create a brand…

Mumbai, September 29: Theme park operator Imagicaaworld Entertainment has converted its outstanding preferential warrants into equity shares, raising capital of ₹ 129.45 crore. The promoters executed the conversion at an issue price of ₹ 67.50 per share, a premium of about 43% of the current trading price.  The company had issued a total of 2.34 crore warrants at an issue price of ₹73.50 per warrant, with 25% of the total consideration received upfront. Now that the company has received the balance, none remain outstanding and are now converted into equity.  With this, the promoter group led by Malpani Parks has shown…

Surat, September 29: Specialty pharma and chemicals manufacturer Anupam Rasayan has formally taken operational control of Bliss GVS Pharma Limited, the company said in a regulatory filing. It has acquired a controlling 50.07% stake in the specialty pharma company through its subsidiary Mates Visa Consultancy Private Limited, after an open offer for the remaining shares of the company. This is the third acquisition by the Surat-based company, following its $150 million acquisition of US-based Jayhawk Fine Chemicals in December 2025 and Rs.153 crore investment in Tanfac Industries in 2022. Anupam Rasayan is aiming to fund the transaction through internal accruals…

New Delhi, September 28: India’s tech companies have raised $10.3 billion in the first nine months of 2026, with enterprise applications, Fintechs and enterprise infrastructure dominating the landscape, a report by Tracxn revealed. This is a 7% increase from the same period last year, and 3% above the $10 billion raised in the first nine months of 2024, as the number of funding rounds, first time funded companies and soonicorn investments have declined sharply. This year, Enterprise Applications, FinTech, and Enterprise Infrastructure sectors have witnessed 18 rounds of investments above $100 million or more, highlighted by  Nxtra’s $1B private-equity round…