Author: Bureau

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH – and Citi have jointly announced a co-financing package of USD 76 million for Shriram Finance Limited, aimed at strengthening financial inclusion, rural development and climate-aligned mobility across India. The financing combines a €40 million loan from DEG and a ₹260 crore loan from Citi. Citi also acted as the lead arranger and coordinator for the transaction. The funding will help Shriram Finance expand credit access to key underserved segments of India’s economy. DEG’s financing will primarily support lending to Micro, Small and Medium Enterprises (MSMEs), electric vehicle (EV) financing, women borrowers and…

Reliance Retail Limited has completed the acquisition of the brand ‘Pahadi Local’ along with its business from Pahadi Goodness Private Limited. The acquisition marks Reliance Retail’s continued focus on building and scaling purpose-driven Indian beauty and wellness brands rooted in authenticity and sustainability. ‘Pahadi Local’ is an emerging beauty and wellness brand inspired by Himalayan traditions and indigenous ingredients. The brand has built a strong consumer base through nature-led formulations, conscious sourcing practices, and a focus on clean, minimal-processing skincare solutions. Founded with the aim of bringing the purity of Himalayan ingredients into everyday personal care, the brand combines traditional…

The aerospace division of Bharat Forge Ltd. today inaugurated a state-of-the-art Landing Gear Components Machining Facility in Mundhwa, Pune (India), developed in collaboration with Liebherr-Aerospace & Transportation SAS. This milestone positions Bharat Forge among the first companies in India, and one of the first at scale – to operate OEM-approved landing gear components machining capabilities. It integrates advanced machining centres dedicated to high-precision landing-gear components and marks a significant step towards advancing India’s aerospace manufacturing ecosystem and strengthening the country’s role in global aerospace supply chains. The inauguration ceremony was attended by senior dignitaries from Liebherr-Aerospace, including Mr. Martin Wandel (Managing Director and Chief…

Truhome Finance Limited, an affordable housing finance company backed by Warburg Pincus, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹3,000 crore through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares aggregating up to ₹1,500 crore and an offer for sale (OFS) of equity shares worth ₹1,500 crore by promoter selling shareholder Mango Crest Investment Limited. The shares have a face value of ₹10 each. The company intends to utilise the net proceeds from the fresh issue to strengthen its capital base…

DriveU, India’s largest on-demand driver service platform, is stepping into another highly competitive sector with the launch of ‘Rentals by DriveU’, a chauffeur-driven car rental service. With Rentals, DriveU expands beyond its core driver-on-demand offering to serve customers who want a premium car with a professional chauffeur, especially for weddings, business travel, airport transfers, long-weekend getaways, pilgrimages, and other special occasions. The launch marks DriveU’s entry into India’s increasingly competitive, fast-growing chauffeur-driven mobility market. “We revolutionised on-demand driver service with a combination of pricing transparency, tech prowess and customer support,” said Rahm Shastry, CEO, DriveU. “Over the years, our customers…

~ideaForge displays India’s deep-tech defence capabilities on the global stage~ In a landmark moment for India’s indigenous defence technology ecosystem, ideaForge Technology Inc. (a wholly-owned subsidiary of ideaForge Technology Limited), a leading global drone technology company, has commenced a specialised UAV flight-test training programme for NATO military personnel at the prestigious National Test Pilot School (NTPS), United States. Marking the first such initiative by an Indian UAV player, ideaForge will deploy its NATO-certified SWITCH UAV platform as part of a specialised hands-on drone flight-testing programme. The selection of an Indian organisation by NTPS reflects the country’s global recognition in advanced…

Raajmarg Infra Investment Trust (InvIT), sponsored by the National Highways Authority of India (NHAI), will launch its initial public offering (IPO) of units aggregating up to ₹6,000 crore on Wednesday, March 11, 2026. The price band for the issue has been fixed at ₹99 to ₹100 per unit. The issue will close on Friday, March 13, 2026, while the Anchor Investor bidding date is scheduled for Tuesday, March 10, 2026. The InvIT has been established to acquire, operate and maintain infrastructure assets under concession agreements awarded by NHAI to the project’s special purpose vehicle (SPV). The initial portfolio will consist…

Bengaluru: Ultraviolette Automotive has launched its sixth Experience Centre in Bengaluru with the inauguration of a new UV Space Station in JP Nagar. The expansion strengthens its retail and service network nationwide and reinforces Bengaluru’s role as the company’s engineering and innovation hub. The new 3S (Sales, Service, Spares) facility, set up in partnership with Elite Motocraft Pvt. Ltd., offers customers a comprehensive brand experience under one roof. Enthusiasts can explore and purchase the X-47 Crossover and F77s, now available across Nagarbhavi, Domlur, Yelahanka, Hosur Road, Whitefield, and JP Nagar. The centre provides personalised test rides, dedicated service support, and…

Bengaluru-based developer Fortune Primero has received RERA approval (PRM/KA/RERA/1251/308/PR/260226/008489) for its first residential project, ‘Seven Sarjapur’. Located along the rapidly developing Sarjapur–Attibele corridor, the 15-acre project marks the company’s expansion from commercial real estate into premium housing. Designed with 85% open space, the development allocates 11 acres to residential towers and 4 acres to a planned commercial and retail hub, creating an integrated live-work ecosystem. The project will offer 2, 3 and 4 BHK high-rise residences in East Bengaluru. A key architectural highlight is six elevated skybridges themed around global cities—Kyoto, London, Singapore, Norway, Seoul and New York—each designed as…

Jio Financial Services Limited has introduced the all-new JioFinance app through its subsidiary Jio Finance Platform and Service Limited, unveiling an intelligent digital marketplace designed for Bharat. Alongside the launch, the company announced ‘Finsider’, an exclusive early access initiative inviting users to explore the app and provide feedback to help refine its features. The JioFinance app moves beyond traditional financial product listings by leveraging Agentic AI and neural networks to deliver hyper-personalised recommendations. Powered by 15 AI agents and nearly 70 decision engines, the platform analyses users’ financial context, intent and eligibility in real time to compute tailored outcomes rather…