Author: Bureau

Bengaluru: Mahindra Construction Equipment has introduced its new mini compactor, Mahindra COMPAX, at the EXCON exhibition organised by CII in Bengaluru. Developed for road construction applications, the model features advanced technology and aims to enhance productivity, efficiency and profitability for contractors. Mahindra also presented its upgraded CEV-V range of equipment with improvements in comfort, performance and fuel efficiency. Dr. Venkat Srinivas, Business Head – Mahindra Truck, Bus and Construction Equipment, said the new machine reflects Mahindra’s technology strengths and understanding of India’s infrastructure requirements, adding that the company’s indigenous manufacturing capabilities make its products well suited for demanding compaction work.…

Ayekart has introduced Aantriva, an AI-enabled platform designed to integrate sourcing, processing, distribution and financial workflows across India’s agri-food chain. The platform aims to support more than 3,00,000 farmers, 530 FPOs and over 30,000 retailers, while targeting a cumulative throughput of ₹30,000 crore over the next three years. Ayekart noted that India’s agri-food network continues to face long-running challenges including fragmented supply chains, delayed payments, limited credit access and inconsistent quality. Aantriva has been developed to offer a unified system with end-to-end visibility and verifiable transactions across all stakeholders. For farmers and FPOs, the platform integrates market linkages, price discovery,…

Bengaluru: Protean eGov Technologies Ltd. and the Centre for Digital Public Goods (CDPG) at IIM Bangalore announced the launch of the first edition of the State of Digital Public Infrastructure in India report, providing a comprehensive, sector-based evaluation of India’s digital public infrastructure and its real-world impact. Released at the IIM Bangalore campus, the study coincides with Protean’s three-decade journey of architecting population-scale digital platforms and marks the beginning of an annual assessment to track India’s DPI evolution and future priorities. The report explores how foundational digital systems—identity, payments, and data exchange—have matured into interoperable public infrastructure supporting both government…

Trivitron Healthcare and Dubai-based ResoHealth have formed Trivitron Digital.AI, a new joint venture aimed at accelerating digital transformation across hospitals and diagnostic networks, particularly in India’s Tier-2 and Tier-3 cities where digital adoption remains limited. The initiative focuses on creating AI-enabled, interoperable Smart Hospital environments by integrating laboratory, imaging, administrative, and patient information systems through cloud-based tools. The platform includes a next-generation LIS, Web-PACS, Personal Health Record and automation modules designed to simplify workflows, enable remote reporting, and provide unified access to clinical data. With support for international standards such as HL7, FHIR and DICOM, the solution can be deployed…

Bengaluru: Tata Advanced Systems and Lockheed Martin today announced the groundbreaking of a new Defence Maintenance, Repair and Overhaul (MRO) facility in India, developed to support Lockheed Martin’s (NYSE: LMT) C-130J Super Hercules aircraft. This milestone builds on the companies’ long-standing industrial partnership and will significantly enhance in-country sustainment for the Indian Air Force, while also creating opportunities for broader regional and global support. The groundbreaking ceremony brought together senior officials from the Indian Air Force (IAF), government dignitaries, industry leaders and senior executives from Lockheed Martin and Tata Advanced Systems. “Today’s groundbreaking reflects how far our collaboration with Tata…

Bengaluru: Binance marked the conclusion of the second edition of the Binance Case Challenge, underscoring its continued investment in India’s Web3 talent pipeline and expanding engagement with leading academic institutions. This year’s finalists from top Indian management schools presented their solutions live at the Innovation Stage during Binance Blockchain Week in Dubai, offering Bengaluru and India’s student community a rare showcase on a global forum attended by policymakers, developers and industry leaders. Participation surged to 527 teams from 25 premier B-schools, compared to 61 teams last year, reflecting rising interest among future business leaders in blockchain and digital assets. Students…

AceVector Limited, the SoftBank-backed parent of Snapdeal and Unicommerce, has submitted revised draft IPO documents to SEBI, seeking to raise about ₹300 crore through a fresh issue, alongside an Offer for Sale of up to 63.87 million shares by existing investors. Founders Kunal Bahl and Rohit Bansal, who jointly own 34.63 per cent, will not sell shares, while SoftBank’s entity Starfish plans to offload part of its 30.68 per cent stake. The Gurugram-based company operates a value-focused marketplace (Snapdeal), the e-commerce enablement platform Unicommerce, and Stellaro Brands. Although strategically aligned, the businesses function independently with separate revenue streams. IPO proceeds…

Bengaluru: Embassy Office Parks REIT, Asia’s largest office REIT, has signed definitive agreements to acquire a 0.3 msf Grade-A office asset in Embassy GolfLinks Business Park, Bengaluru, for ₹8,520 million. The 100% leased property, occupied by a global investment firm, strengthens the REIT’s presence in one of the city’s most in-demand office micro-markets. The acquisition aligns with Embassy REIT’s strategy of securing high-quality, yield-accretive assets at attractive valuations. The deal is being executed at a discount to independent valuation benchmarks and is expected to be accretive to both Net Operating Income and Distribution per Unit. The asset is projected to…

Bengaluru: Belagavi based Aequs Limited will open its Initial Public Offering (IPO) on Wednesday, December 3, 2025, with the issue closing on Friday, December 5, 2025. The Anchor Investor window is scheduled for Tuesday, December 2, 2025. The Price Band has been set at ₹118 to ₹124 per equity share, with bids required for a minimum of 120 shares and in multiples thereafter. The IPO comprises a fresh issue of ₹670 crore and an offer for sale of up to 2,03,07,393 equity shares. The equity shares, priced at a face value of ₹10 each, are proposed to be listed on…

JSW Defence Pvt. Ltd., part of the US$ 23 billion JSW Group, has begun building its next-generation Unmanned Aerial Systems (UAS) facility at EMC Maheshwaram, Hyderabad. The company has partnered with US-based defence tech firm Shield AI to locally manufacture the Group 3 VBAT drone under a long-term Transfer of Technology agreement. The JSW Group will invest about US$ 90 million to set up a global compliance program, establish the manufacturing plant, train specialised talent, and build a local supply chain. The facility will support manufacturing, assembly, and testing of the VBAT, positioning India as a future production hub for…