Author: Abizar Attari
News Editor

Mumbai: Mumbai-based non-banking financial company (NBFC) Manba Finance Limited is all set to enter the lucrative South Indian market in partnership with Bengaluru-based Sreesastha Ins Corp Advisory Private Limited. With this, Manba Finance aims to replicate its successes in Western and Central India by rolling out its solutions across South India, starting from Karnataka and Tamil Nadu. The Strategy Manba Finance is using its collective expertise of more than 100 years as it looks to strengthen its expertise in automobile lending with origination, credit, collections and on ground distribution across the vehicle finance value chain. Through the partnership, it aims…

Ahmedabad: Gautam Adani is now aiming to move deeper into the AI ecosystem as it partners with US-based Jabil Inc to enter into the AI hardware space. According to an announcement made to the bourses, the Adani Group has partnered with Jabil Inc to design, build and scale up AI infrastructure platforms.  This collaboration will include building high-tech hardware ecosystems in India while aiming to transform India into a global export hub for sophisticated physical machinery required to power artificial intelligence workloads.  Moving Up the Value Chain Gautam Adani aims to move up the AI value chain even as it…

We may not notice it, but there is far more long-term planning required to ensure a consistent supply of FMCG products across retail outlets near you. For Paritosh Ladhani, the Joint Managing Director of SLMG Beverages, this has meant creating capacity years ahead of time and playing a patient wait-and-watch game as the demand for volumes grows incrementally. “Scale is never the result of one big decision; it is the compounding of several right ones made at the right time. For us, the first inflection point was the conviction to invest ahead of demand. When we built our Trishundi facility…

Mumbai: Gujarat Inject Kerala Limited, the medical equipment turned solar panel manufacturer, has announced the receipt of a new purchase order valued at ₹14.49 crore for the supply of Solar Photovoltaic (PV) modules to Deon Energy Limited. This new business win has helped the small-cap company strengthen its diversification into renewable manufacturing, as it aims to strengthen its order book after securing contracts from the likes of Surja Infra, Earthwave Technology and Perfect Renewtech.  This particular order involves the supply of 16,129 Solar PV modules of 620 WP capacity as it looks to actively expand into the renewable energy and…

New Delhi: With India’s forex reserves getting depleted faster than expected due to the conflict in the Middle East, India is now wooing its 35 million strong diaspora, one of the largest in the world, to offer lucrative dollar deposits that can earn them up to 7% interest. For this the Reserve Bank of India (RBI) has tweaked its Foreign Currency Non-Resident (Bank) FCNR(B) framework to offer pure US dollar deposits as India moves to unlock about $35-50 billion in capital inflows from its overseas citizens.  What is an FCNR (B) Deposit and How Does the Scheme Work? These deposits…

Latur: Plastic manufacturer  Bai Kakaji Polymers Limited has delivered a stellar 48.5% rise in net profit for the year ended March 31, 2026 as it has ensured capacity optimization amidst consistent demand. The company has seen revenues worth ₹365 crore during the year, a 12.1% rise from ₹325.37 crore last year, as the company enhances its PAT margins by 180 basis points.  This growth has helped the company pay back its ₹64 crore of its debts, setting 57% of its overall debt. This has resulted in its debt-to-equity ratio improving from 2.03x to 0.31x after the company raised ₹105 crore…

New Delhi: In one of the most dramatic corporate turnarounds witnessed in corporate India, beleaguered telecom operator Vodafone Idea (Vi) is all set to receive ₹4,730 crore from parent Aditya Birla Group as it looks to revive the highly indebted telecom operator that is struggling to compete against Reliance Jio and Airtel.  Since Vodafone India and Idea Cellular merged in 2018, the company has faced a multitude of challenges, primarily due to the entry of Reliance Jio’s rock bottom rates in 2016 and the price war that followed.  It has defaulted on its Adjusted Gross Revenue (AGR) dues, the licensing…

New Delhi: In a massive respite for the government, quotes received for urea procurement have plunged by over 50% compared to the quotes received two months ago. For the government, this development couldn’t come at a better time, as cheap fertilizer imports are expected to come in time for the critical Rabi sowing season. After weeks of inflated commodity and oil price increases due to the Middle Eastern turmoil, this development offers a consolatory win to the government for both local food security and the national exchequer. For the last import tender by the National Fertilizers Limited (NFL), the central…

New Delhi: In a series of notifications, the central government has announced a massive tax waiver to boost the adoption of biofuels in India. According to a notification issued by the Ministry of Finance, the government has removed the basic central excise duty, reducing it to nil, for certain higher-grade variants of ethanol-blended petrol. This includes E22, E25, E27, and E30 variants that the government aims to introduce soon as it is rolling out E20 nationwide. This remains just an announcement for now, as the government hasn’t launched these variants yet. E20 continues to be available at petrol pumps with…

Bengaluru: Real estate major Prestige Group has announced the launch of a massive, state of the art integrated convention center and premium hospitality hub at the Bengaluru Airport City. This mega development will boost Bengaluru’s status as a leading global gateway, with the Kempegowda International Airport (KIA) transforming the surrounding area. This mega development is aimed at boosting business tourism and mega events, with a world class convention center along with a hospitality and cultural hub planned with this. Prestige Group is also looking to set up luxury hotels under the renowned Marriott Marquis and St. Regis brands by offering…