Author: Bureau

Montra Electric, India’s full-spectrum electric commercial vehicle brand, has commenced its international expansion with the rollout of its Super Auto platform across Nepal, Tanzania and West Africa. The company has flagged off its first export consignment to Nepal alongside shipments to Tanzania and has confirmed orders across West Africa. As part of its global roadmap, Montra Electric is evaluating markets across Asia, Africa and other emerging regions, focusing on geographies with supportive EV policies, favourable operating economics and growing demand for last-mile mobility. Arun Murugappan, Chairman, Montra Electric (TI Clean Mobility Pvt. Ltd.), said: “Montra Electric’s entry into Nepal with…

Horizon Industrial Parks Limited will open its Initial Public Offer (IPO) on Monday, August 17, 2026. The price band has been fixed at ₹57 to ₹60 per Equity Share of face value ₹10 each. The Anchor Investor bidding will take place on Friday, August 14, 2026, while the issue will close on Wednesday, August 19, 2026. The IPO comprises an entirely fresh issue of Equity Shares aggregating up to ₹2,600 crore. Investors can bid for a minimum of 250 Equity Shares and in multiples of 250 thereafter. The company had completed a primary fundraise of ₹1,650 crore through a private…

Nearly 90% of India’s Global Capability Centre (GCC) leaders are confident of retaining their global leadership position through 2030, but talent and skills gaps could constrain growth, according to a PwC India-FICCI study, Navigating the Skills Imperative for India’s GCCs in the AI Era. Based on a survey of 200 senior GCC executives across eight industries, the study finds that 72% of GCCs need to reskill or upskill more than 40% of their workforce. While most currently allocate 3–5% of operating budgets to talent development, 94% believe this should increase to at least 6%. Rajesh Ojha, Partner and Leader -…

The Board of Directors of Godrej Consumer Products Limited (GCPL) has appointed Aasif Malbari, currently Global Chief Financial Officer and President, Godrej Africa, as Managing Director & Chief Executive Officer, effective immediately. He succeeds Sudhir Sitapati, who will step down as MD and CEO. Aasif brings three decades of experience across the FMCG and automotive sectors, including senior roles at GCPL, Tata Motors and Hindustan Unilever. As Global CFO, he has worked closely with leadership teams across geographies on business strategy, growth and performance. He has also led the transformation of GCPL’s Africa business, expanding its margin-accretive FMCG portfolio, including…

As Artificial Intelligence (AI) reshapes workplaces across industries, a new report by Primus Partners, The AI Workforce Advantage, highlights workforce readiness as a critical priority for India’s AI ambitions. Based on secondary research and a primary survey of 345 stakeholders across 15 states, including employees, students, founders, HR leaders and policymakers, the report finds that AI is currently augmenting work faster than it is replacing jobs. Organisations are increasingly using AI to automate tasks within existing roles, while employees are adopting AI to improve productivity. The report also highlights a growing gap between AI-enabled and non-AI-enabled talent. While employees increasingly…

DVS Advisory Group has appointed Prakash Subramanian KV as a Director on its Board, strengthening its leadership as the firm continues to expand its global presence and build institution-grade capabilities. Prakash brings over 35 years of experience across banking, capital markets and asset management. He has held senior leadership roles with leading global financial institutions, with expertise spanning financial markets, investment advisory and business leadership. He has also played a significant role in the development of GIFT City and has been associated with the International Financial Services Centres Authority (IFSCA) since its inception. He served on the IFSCA Regulatory Committee…

Air India SATS Airport Services Private Limited (AISATS) has signed an MoU with CONCOR Air Limited (CAL), a wholly owned subsidiary of CONCOR, to facilitate the seamless movement of customs-cleared transhipment cargo from CONCOR’s Inland Container Depot (ICD) at Dadri to AISATS’ Integrated Cargo Terminal (ICT) at Noida International Airport (NIA) for onward international dispatch. The partnership brings together CONCOR’s inland logistics capabilities and AISATS’ air cargo terminal operations, creating a more efficient link between inland cargo facilities and international air freight. Mr. Bob Chi, CEO, APAC Gateway Services, SATS and Director, AISATS, said: “India is at an important inflection…

NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), has partnered with Sri Lanka’s PickMe to offer exclusive benefits to Indian travelers using the platform. Under the initiative, Indian tourists can avail a flat 20% discount, up to LKR 750, on every PickMe ride when they pay through UPI. PickMe, Sri Lanka’s largest ride-hailing platform, serves more than 1.9 million unique users and provides mobility services across major cities, tourist destinations and airport transfers. The initiative is aimed at making everyday travel more convenient for Indian tourists while encouraging wider adoption of UPI…

Dilip Buildcon Limited (DBL), one of India’s leading multi-asset infrastructure companies, announced that its Board has approved the proposed divestment of its stake in two SPVs undertaking under-construction power transmission and solar projects to Alpha Alternatives Fund Advisors LLP and/or its affiliates and funds managed by it. The proposed transaction covers projects with a combined cost of approximately ₹8,400 crore. The portfolio includes a 400 kV transmission project spanning around 470 circuit kilometres in Belagavi, Karnataka, and a 1,363 MW (AC)/1,977 MWp (DC) solar portfolio comprising 10 SPVs across Madhya Pradesh. The consideration will be paid through a phased subscription…

ideaForge Technology Limited, India’s leading unmanned aircraft systems (UAS) company, announced its audited financial results for the quarter ended June 30, 2026. The Company reported revenue from operations of ₹68.6 crore and executed over 20% of its FY27 opening order book. Despite continued global supply chain and component availability challenges, ideaForge remains on track to complete the opening order book by Q3, in line with customer timelines. The Company also reported positive EBITDA. During the quarter, ideaForge’s indigenous UAV fleet crossed one million customer flights. The Company also received DGCA Type Certification for its Q6 V2 GEO UAV, strengthening its…