Author: Bureau

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…

Bengaluru: Binance has expanded its nationwide Blockchain Yatra to Bengaluru, marking the tour’s fifth and most impactful stop. The event aligned with the company’s prominent participation at India Blockchain Week (IBW) 2025, creating a strong platform for community engagement and industry dialogue. India currently hosts over 1,200 Web3 startups and nearly 12% of global blockchain developers. Karnataka—driven by Bengaluru’s 18,000-startup ecosystem—accounts for a third of the country’s Web3 activity. The new Karnataka Startup Policy 2025–2030, backed by ₹518 crore to support 25,000 deep-tech startups, further elevates the state’s innovation landscape. At IBW, Binance reinforced its focus on responsible blockchain development…

Meesho Limited will launch its Initial Public Offering on Wednesday, December 3, 2025, with the Anchor Investor bidding scheduled for Tuesday, December 2. The issue will close on Friday, December 5. The price band has been set between ₹105 and ₹111 per equity share of face value ₹1. Investors can place bids starting from 135 shares and in multiples thereafter. The Red Herring Prospectus is available at the company’s investor website. The IPO consists of a fresh issue worth ₹42,500 million and an Offer for Sale of 105,513,839 shares by existing shareholders, including promoter group members Vidit Aatrey and Sanjeev…

Bengaluru: Mahindra has launched its 180 kW ultra-fast Charge_IN network in Bengaluru, marking the first step in its plan to install 1,000 high-speed charging points across India by 2027. The first stations are now operational at Hoskote on the Bengaluru–Chennai highway (NH 75) and at Murthal on NH 44 near Delhi, each equipped to charge four EVs simultaneously. As part of its strategy to strengthen India’s EV infrastructure, Mahindra will set up 250 charging stations housing dual-gun 180 kW chargers designed for rapid public charging of four-wheelers. The Charge_IN network can charge Mahindra’s XEV 9e, BE 6 and upcoming XEV…

Bengaluru: People Tree Hospitals Founder, MD & CEO, Dr. Jothi Neeraja, has initiated the exit process for BlackRock, which invested ₹210 crore ($24 million) in the hospital network earlier this year. The investment in March marked BlackRock’s first major bet on India’s healthcare delivery sector, backing People Tree’s expansion and super-specialty growth. A first-generation woman entrepreneur from Kadapa and an Obstetrician-Gynecologist, Dr. Neeraja built People Tree from the ground up, steering it into a 300-bed multi-specialty institution known for ethical and affordable care. Her governance track record includes early exits to 78 investors and a timely exit for the family…

Users can delegate UPI payment rights for transactions up to ₹15,000 per month with complete control and real-time monitoring NPCI BHIM Services Limited (NBSL), a subsidiary of the National Payments Corporation of India, has launched UPI Circle Full Delegation on the BHIM Payments App. The functionality enables users to assign payment rights to selected contacts, allowing them to carry out UPI transactions from the primary user’s account within a preset monthly limit. The solution aims to simplify shared financial responsibilities for households and small businesses while maintaining transparency and security. The feature allows the primary account holder to authorise a…

The New York Academy of Sciences and Tata Sons have announced the winners of the 2025 Tata Transformation Prize, recognizing Indian scientists advancing breakthrough solutions in Food Security, Sustainability and Healthcare. The prize supports transformative research with real-world potential for India and global communities. Selected from 212 nominations across 27 states, each winner will receive INR 2 crore to scale their innovations, with the awards ceremony scheduled in Mumbai this December. Winners of the 2025 Tata Transformation Prize Food Security – Padubidri V. Shivaprasad, PhD (NCBS)Honored for developing climate-resilient rice using epigenetic and small RNA–based engineering. His approach enhances nutrition,…