Mumbai: Gautam Adani continues to fuel his ambitious expansion on the back of borrowed money. On November 27, Adani Defence & Aerospace, along with Prime Aero announced the acquisition of a majority 73% stake in Flight Simulation Technique Centre (FSTC) for ₹820 crore. This acquisition is aimed at complementing Adani Defence’s Maintenance, Repair and Overhaul (MRO) vertical, given the increasing demand for such services in India. Adani Defence and Aerospace is what it is today because of acquisitions, as it is almost impossible for any company to reach the scale and expand its business purely through organic growth. Since its…
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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Mumbai: Online gaming platform WinZO’s founders- Soumya Singh Rathore and Paavan Nanda- have been arrested by the Enforcement Directorate (ED) on charges under the Prevention of Money Laundering Act (PMLA). This came a day after both sent an internal message to their employees, saying they were caught up with “something that came our way in an unexpected manner” along with a permanent Work From Home (WFH) for all employees. The ED had previously searched four WinZO locations in Delhi and Gurugram earlier this month while freezing assets worth ₹505 crore in the form of bonds, fixed deposits, mutual funds and…
New Delhi: The 5th MHM India Summit 2025, India’s largest and most influential conclave on Menstrual Hygiene Management (MHM), concluded today at Hotel Shangri-La Eros, New Delhi, attracting an overwhelming response from stakeholders across government, global development organisations, academia, healthcare, and corporate India. Organised by Gramalaya, the summit brought together more than 280 delegates working collectively to strengthen India’s menstrual health ecosystem and accelerate progress toward equitable, accessible, and sustainable MHM solutions. Gramalaya also marked a historic milestone at the summit by announcing India’s first Menstrual Waste-Free and Period-Friendly School, Arimalam Government Higher Secondary School in Pudukottai District. With 442…
Mumbai: Engineering and renewable energy firm Sterling & Wilson Renewables Ltd. (SWREL) has secured a major solar-power contract in South Africa valued at ₹1,313 crore, the company announced today in a press release. The project involves setting up a 240 MW AC solar PV project in South Africa for a leading domestic company. With this SWREL, is now implementing four turnkey Solar PV projects in South Africa. For Engineering, Procurement and Construction (EPC) firms, South Africa has been a lucrative market, mainly due to growing corporate demand, declining costs and improved grid stability. Currently, the company gets about 84% of…
Gurugram: InsuranceDekho’s affiliate Girnar Finserv Private Limited (GFPL) today announced the acquisition of SeedsAI, a SaaS platform for LLM orchestration and AI automation, marking its first strategic move in the AI and corporate brokerage space. The acquisition, which includes SeedsAI’s founders Shubham Khatri & Vansh Miglani, reinforces GFPL’s commitment to building advanced technological capabilities across its ecosystem. Post this acquisition by GFPL, InsuranceDekho intends to leverage SeedsAI’s expertise and infrastructure to enhance its technology architecture and explore next-generation AI-led solutions in the future. The focus will be on strengthening operational efficiency, optimizing distribution, improving underwriting and claims accuracy, and enhancing…
Mumbai: Vertoz Limited has announced the acquisition of US-based marketing automation company Webimax for $6.6 million, as the company looks to boost its presence in the international digital advertising ecosystem. According to a press release to the bourses,Vertoz will acquire 80% of Webimax for US$5.28 million, with the balance to be acquired after 3 years, based on future EBITDA and performance-based targets. The deal is expected to close within the next 90 days, provided certain terms and conditions are met. The company is looking to finance this acquisition through a mix of debt and internal accruals, with 75% of the…
Mumbai: A dormant volcano in Ethiopia’s Hayli Gubbi region erupted for the first time in nearly 12,000 years, with the resultant cloud of ash plumes spreading across the region. This ash cloud has also started to move towards Western India, after crossing the Red Sea and the marine airspace above Yemen and Oman. Though these clouds are thousands of feet above the ground, posing a threat to air traffic. The Directorate General of Civil Aviation (DGCA) has instructed airlines to avoid certain flight paths and altitudes for safety reasons. The ash cloud is expected to enter India through Gujarat and…
New Delhi: Defence Minister Rajnath Singh has urged international partners to tap India’s shipbuilding industry, as it gears to cement its role as a global hub for shipbuilding and ship repair, the minister noted at the Samudra Utkarsh seminar in New Delhi. Speaking to an audience of industry partners and representatives of major defence shipyards and industry partners, the minister highlighted the achievements of the industry under the Aatmanirbhar Bharat initiative, where the new ships being built for the Navy and Coast Guard are now constructed in India. “We are capable of delivering aircraft carriers to advanced research vessels and…
Ahmedabad: Eris Lifesciences Ltd, a speciality pharma player, has announced its intention to acquire the remaining 30% stake in its injectables subsidiary Swiss Parenterals Ltd (SPL) for ₹423.3 crore, making it a wholly-owned subsidiary of the company. The decision was taken at a board meeting held on November 24, where the acquisition was approved. Instead of paying for the acquisition in cash, the company will issue 23 lakh new shares to Naishadh Shah, a director at Swiss Parenterals, who is selling the stake. The move is intended to help Eris take complete control of the company, helping it improve its…
Mumbai: Glenmark Pharmaceuticals Ltd has announced the commercial launch of the world’s first fixed-dose nebulised therapy for the treatment of Chronic Obstructive Pulmonary Disease (COPD). The product, which combines the efficacy of three medicines- Glycopyrronium, Formoterol, and Budesonide- aims to reduce inflammation, airway obstruction and improve lung function and symptom control for a host of lung ailments associated with COPD. This triple therapy drug has proved its worth through a clinical study conducted in India, where it helped control breathlessness (dyspnea) and improved lung function amongst patients. This treatment aims to offer a simpler way to address COPD, especially for…
