Author: Bureau

Tata Advanced Systems Limited (TASL) and the Javelin Joint Venture (JJV), a partnership between Raytheon, an RTX business, and Lockheed Martin, have signed a memorandum of understanding (MoU) to explore co-production of the Javelin All Up Round (AUR) in India. Under the agreement, TASL has been selected as JJV’s prime partner for future in-country co-production. The companies will explore establishing a facility in India for final assembly and integration of the Javelin AUR, along with component manufacturing capabilities. The initiative is expected to strengthen India’s defence industrial base by creating high-technology jobs, developing local manufacturing expertise and enhancing supply-chain resilience.…

Purple Style Labs Limited has raised ₹306 crore from 10 Anchor Investors ahead of the opening of its initial public offering (IPO). The company has allotted 53,21,739 Equity Shares to Anchor Investors at an Anchor Investor Allocation Price of ₹575 per share, including a face value of ₹10 and a share premium of ₹565 per share. The anchor allocation includes several prominent institutional investors, including ICICI Prudential Mutual Fund, Jupiter India Fund, The Jupiter Global Fund – Jupiter India Select, Aditya Birla Sun Life Insurance Company Limited, ITI Multi Cap Fund, ITI Flexi Cap Fund, Singularity Equity Fund I, Integrated…

Fortune Primero has entered Bengaluru’s premium residential segment with Seven Sarjapur, its maiden residential development, in partnership with Kalpataru as the construction partner. Spread across 15 acres, Seven Sarjapur is planned as a future-ready residential community combining contemporary architecture, wellness-focused planning, green spaces and lifestyle amenities. The development will feature four residential towers connected by six themed sky bridges, designed to support recreation, wellness and community interaction. The partnership brings together Fortune Primero’s understanding of Bengaluru’s real estate market and Kalpataru’s construction and execution expertise. The collaboration comes amid growing demand for premium residential communities in Bengaluru, supported by infrastructure…

Mahindra today announced the expansion of its Battery-as-a-Service (BaaS) programme across its entire Electric Origin SUV portfolio, making the offering available on the BE 6 SPORTEQ, XEV 9S and XEV 9e. Introduced with the launch of the BE 6 SPORTEQ, BaaS enables customers to finance the vehicle and battery separately through a dual-financing structure. The model lowers the upfront vehicle cost while giving customers greater flexibility in managing their monthly outflow. Under the programme, the BE 6 SPORTEQ starts at ₹11.45 lakh#, with the battery financed at an effective usage cost of ₹3.75/km#. Following the strong response from customers across…

Tata Chemicals Limited (TCL) announced that its wholly owned subsidiary, Tata Chemicals North America Inc. (TCNA), has been declared the successful bidder in the Chapter 11 bankruptcy proceedings of Searles Valley Minerals Inc. (SVM), USA. Under the transaction, TCNA will acquire North American soda ash customer contracts covering more than 500,000 metric tonnes, with deliveries scheduled from September 2026 through December 2028. The contracts are expected to generate revenues of more than USD 110 million over the contract period. The acquisition will strengthen TCNA’s position in the North American soda ash market by expanding its domestic customer base and deepening…

NPCI Bharat BillPay Limited (NBBL), a wholly owned subsidiary of NPCI, announced that forex transactions through Bharat Connect crossed INR 100 million in value between April and July 2026. The forex category, launched at the Global Fintech Fest 2025, integrates NBBL’s Bharat Connect platform with FX-Retail, developed by the Clearing Corporation of India Ltd. (CCIL), enabling customers to access transparent and competitive forex pricing through an interoperable digital ecosystem. Bharat Connect processed forex transactions worth INR 27.06 million in FY 2025–26. In the first four months of FY 2026–27, transaction value reached INR 111.91 million, taking the cumulative value to…

Vande Bharatam, Mr Gautam Adani’s nationwide initiative to discover and celebrate grassroots innovators and entrepreneurs, will premiere on television on Saturday, August 29, across NDTV Profit, NDTV (English) and NDTV India. The 10-episode series will feature a 45-minute premiere and finale, alongside weekly 25-minute episodes, culminating in the Grand Finale on September 17. Acclaimed actor, television host and entrepreneur Mr Rajeev Khandelwal will serve as the show’s Ambassador and Host, introducing viewers to innovators from cities, towns and rural India. Since applications opened on June 24, Vande Bharatam has received more than 26,000 applications from all 36 States and Union…

YES BANK hosted ‘AI Fest’ at its headquarters in Mumbai, bringing together more than 29 technology partners to explore real-world applications of Artificial Intelligence (AI) and scalable implementation strategies in banking. Built around the theme of Intelligence, Innovation and Impact, the event provided a platform for the Bank’s teams to engage with technology innovators, evaluate emerging AI solutions and identify opportunities to create measurable business value. Commenting on the initiative, Mr. Mahesh Ramamoorthy, Chief Information Officer, YES BANK, said, “Financial services is at an inflection point with AI, as the sector focuses scaling AI responsibly and create lasting value. Our…

Sembcorp Green Infra Limited, an independent renewable power producer, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed ₹3,750 crore IPO. The IPO will comprise entirely of a fresh issue of equity shares, with no Offer for Sale component. The company proposes to use the net proceeds to repay or prepay, fully or partially, certain outstanding borrowings of the company and its Objects’ Subsidiaries. As of March 31, 2026, Sembcorp Green Infra had a renewable portfolio of approximately 7.64 GW/GWh, including 3.60 GW of operational capacity and 4.04 GW/GWh under construction across 105 projects in 13…

India’s entertainment and media (E&M) industry is entering a new phase of growth, with revenues projected to rise from US$25.7 billion in 2025 to US$36.7 billion by 2030, according to PwC’s Global Entertainment and Media Outlook 2026–2030: India perspective. The report highlights a shift from audience expansion to monetisation, with internet advertising, OTT video and gaming expected to drive much of the sector’s incremental growth. Internet advertising revenue is projected to reach US$14.3 billion by 2030, while India’s OTT subscription base stood at 216.5 million in 2025, making it the world’s third-largest. “India has mastered scale. The next frontier is…