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OfBusiness eyes acquisitions ahead of IPO: Co-founder

Manufacturing

23 March, 2022

OfBusiness eyes acquisitions ahead of IPO: Co-founder

OfBusiness, a raw material procurement and business financing platform, is eyeing acquisitions in the run-up to launching an initial...

Japan's Suzuki to invest $1.4 bn for EVs at India factory

Manufacturing

21 March, 2022

Japan's Suzuki to invest $1.4 bn for EVs at India factory

Suzuki Motor plans to invest 104.4 billion rupees ($1.37 billion) in its India factory to produce electric vehicles (EVs) and...

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Manufacturing

21 March, 2022

Reliance, Ares SSG-backed unit win bid for stressed Sintex Industries

Mukesh Ambani-owned Reliance Industries (RIL) has partnered with Ares SSG Capital-backed Assets Care & Reconstruction Enterprise...

Reliance, Ola Electric win incentives in India's $2.4 bn battery scheme, sources say

Manufacturing

17 March, 2022

Reliance, Ola Electric win incentives in India's $2.4 bn battery scheme, sources say

Reliance Industries and Softbank Group-backed Ola Electric will receive incentives under India's $2.4 billion programme to...

Brookfield to invest $263 mn for a minority stake in Jindal Poly Films

Manufacturing

17 March, 2022

Brookfield to invest $263 mn for a minority stake in Jindal Poly Films

Canadian investment firm Brookfield Asset Management Inc, on Thursday said it has signed an agreement to buy minority stake in...

EU hikes tariffs on India, Indonesia stainless steel makers

Economy

16 March, 2022

EU hikes tariffs on India, Indonesia stainless steel makers

The European Union has determined that imports of cold-rolled flat stainless steel products from India and Indonesia benefit from...

White Oak, IIFL, others help Aether raise additional Rs 130 cr in pre-IPO round

Manufacturing

15 March, 2022

White Oak, IIFL, others help Aether raise additional Rs 130 cr in pre-IPO round

Specialty chemicals company Aether Industries Limited has secured an additional pre-IPO funding of Rs 130 crore from SBI Mutual...

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Is 'Uber for trucks' making a comeback?

Manufacturing

11 March, 2022

Is 'Uber for trucks' making a comeback?

Truck aggregator startups that have informally positioned themselves as ‘Uber for trucks’, appear to be finding favour...

Warburg Pincus acquires majority stake in Imperial Auto

Manufacturing

09 March, 2022

Warburg Pincus acquires majority stake in Imperial Auto

US-based private equity (PE) major Warburg Pincus has acquired majority stake in automobile parts maker Imperial Auto Industries. VCCircle...

Women-backed small businesses face $11.4 bn unmet credit demand: IFC report

Finance

08 March, 2022

Women-backed small businesses face $11.4 bn unmet credit demand: IFC report

India’s women-owned very small businesses (WVSEs), which are credit-starved, need an estimated capital worth Rs 83,600 crore...

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