Author: Bureau

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…

Mercedes-Benz India has unveiled the all-new V-Class Extra Long Wheelbase (LWB), positioning it as a ‘private suite on wheels’ for India’s luxury mobility segment. Priced at an introductory ₹1.4 crore (ex-showroom), the V-Class is available in both petrol (V300) and diesel (V300d) variants. Bookings open at ₹5 lakh, with priority delivery for existing customers. The V-Class will now be locally produced in India, reinforcing the brand’s long-term commitment to the market. According to Santosh Iyer, Managing Director & CEO, the model responds to rising demand among affluent customers seeking privacy, space and exclusivity in personal travel. Offered exclusively in an…

The Jubilant Bhartia Foundation has signed a Memorandum of Understanding with McGill University to set up a Centre of Excellence in AI Education and Research in India. The agreement was formalised in the presence of Anita Anand and Jayant Chaudhary. The MoU was signed by Shyam S Bhartia and Hari S Bhartia of the Jubilant Bhartia Group, along with Professor Deep Saini, President and Vice-Chancellor of McGill University. The Centre aims to address India’s growing demand for skilled AI professionals by combining academic depth with industry application. It will initially offer a Master’s programme designed to equip graduates with strong…

Shadowfax has operationalised OneNCR, its largest automated sortation hub, following an investment of approximately INR 50 crore. Spread across 2.1 lakh sq. ft. in the NCR region, the facility significantly enhances the company’s processing scale and automation capabilities across North India. The advanced automated sorter can process up to 48,000 shipments per hour, among the highest capacities in India’s logistics sector. At peak performance, the hub is designed to handle up to 10 lakh shipments daily and will serve as a key backbone for Shadowfax Prime, its same-day and next-day delivery service. Built on a high-efficiency single-touch model, the centre…