Author: M Prakash
Bengaluru: Ultraviolette has strengthened its presence in India with the launch of a new Experience Centre, the UV Space Station, on Hosur Road, Bengaluru. This follows the company’s recent introduction of the X-47 Crossover and UV Crossfade helmet, marking the brand’s continued growth both in India and globally, including its recent entry into the UK market. The new outlet, established with dealer partner Elite Motocraft Pvt. Ltd., becomes the third Ultraviolette hub in Bengaluru after Domlur and Yelahanka. It will retail the X-47, F77 MACH 2 and F77 SuperStreet, while offering end-to-end customer services including sales, tailored test rides, servicing,…
Milestone Gears Limited, a manufacturer of precision-engineered transmission components catering to sectors such as tractors, construction equipment, EVs, locomotives, windmills and other heavy industries, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for an Initial Public Offering (IPO) worth up to ₹1,100 crore. The proposed IPO includes a fresh issue of shares valued at up to ₹800 crore and an offer for sale (OFS) of up to ₹300 crore by existing shareholders. The company intends to use the net proceeds for repayment of outstanding borrowings, setting up a new manufacturing facility in Baddi, Himachal Pradesh, and general corporate…
Indian organisations are sharpening their focus on AI-driven cybersecurity as evolving threats redefine risk priorities, according to PwC’s 2026 Global Digital Trust Insights survey. The study, which captures responses from 138 Indian business and technology leaders, shows a decisive shift toward intelligence-led cyber defence and long-term resilience. Nearly 87% of organisations expect their cyber budgets to rise over the next year, with one-third planning increases above 10%. AI dominates planned investments, with 46% marking it as their top spending priority, followed by cloud security (33%), managed cyber services (28%) and data protection (26%). Despite rising budgets, capability gaps persist. Fewer…
Primus Partners has entered a strategic alliance with Data Safeguard, a global leader in AI-driven unified privacy automation, to accelerate privacy compliance and responsible AI adoption across India, the Middle East and the United States. The partnership strengthens Primus Partners’ mission to shape trusted and citizen-centric digital ecosystems as countries advance major data governance reforms, including India’s DPDPA 2023, the Middle East’s PDPL, and global regulations such as GDPR, HIPAA and CCPA/CPRA. By integrating Data Safeguard’s CCE® Responsible & Ethical AI engine and ID-PRIVACY® platform with Primus Partners’ policy, digital transformation and program-implementation expertise, the alliance will help enterprises and…
Among Switzerland’s largest Deep Tech investments; company targets 400% growth in 2025 Swiss Deep Tech firm Delvitech, a leader in AI-native Automated Optical Inspection (AOI) solutions for electronics, has raised USD 40 million in a Series B round. The funding was led by EGS Beteiligungen (EGSB), the investment arm of the Ernst Göhner Foundation, alongside CREADD Ventures and other European investors. The oversubscribed round highlights strong investor confidence in Delvitech’s proprietary technology and scalable business model. Despite a challenging macroeconomic environment, the company continues to attract global attention for its ability to transform AI research into industrial-grade applications. The funds…
Precision component manufacturer Aequs Ltd., which is gearing up for its IPO, has raised ₹144 crore through a pre-IPO placement. The company allotted 11,615,713 equity shares (1.88% of its pre-IPO share capital) at ₹123.97 per share to entities managed by SBI Funds Management, DSP India Fund, and Think India Opportunities Master Fund. The board approved the placement on November 10, 2025, under Share Subscription Agreements with the investors. Following the fundraise, the proposed fresh issue size in Aequs’ upcoming IPO will reduce from ₹720 crore to around ₹576 crore, alongside an offer for sale of 31.77 million shares. Investor allocation…
Ather Energy, India’s leading electric two-wheeler maker, reported a robust Q2 FY26 performance, achieving its highest-ever quarterly revenue of ₹940.7 crore, up 57% year-on-year and 40% sequentially. The company’s market share rose to 17.4%, driven by record sales of 65,595 units — a 67% increase over last year — backed by expanding reach, diversified products, and a strong technology platform. EBITDA losses reduced sharply, with margins improving by over 1,100 basis points year-on-year to (10%), while losses narrowed to ₹90.7 crore. Adjusted gross margin climbed to 22%, aided by value engineering, richer product mix, and growing non-vehicle revenues, which now…
Hexaware Technologies [NSE: HEXT], a global IT services and consulting firm, announced the acquisition of CyberSolve, a leading specialist in Identity and Access Management (IAM) solutions. The acquisition aims to enhance Hexaware’s AI-driven cybersecurity portfolio and support enterprises in securing and modernizing their digital ecosystems. With cybersecurity now a core business priority, robust digital identity and governance frameworks have become essential to digital transformation initiatives. CyberSolve adds nearly a decade of IAM expertise, with 230+ professionals, 20+ technology partnerships, and 650+ implementations across industries such as healthcare, automotive, retail, BFSI, logistics, government, and technology. The company is known for seamless…
Price Band fixed at ₹378–₹397 per Equity Share Tenneco Clean Air India Limited (“the Company”) has announced that its Initial Public Offer (IPO) of equity shares will open for subscription on Wednesday, November 12, 2025, and close on Friday, November 14, 2025. The Anchor Investor bidding will take place on Tuesday, November 11, 2025. The price band for the offer has been set at ₹378 to ₹397 per equity share with a face value of ₹10 each. Bids can be made for a minimum of 37 equity shares and in multiples thereof. The IPO comprises an Offer for Sale (OFS)…
Company valued at ₹1,200 crore Spacewood Furnishers Pvt. Ltd., one of India’s leading modular furniture brands, has raised ₹300 crore from private equity firm A91 Partners, valuing the company at around ₹1,200 crore. The funding will support Spacewood’s expansion, brand-building, and operational upgrades. Commenting on the development, Kirit Joshi, Co-founder and Director, Spacewood, said the partnership will help accelerate growth and leverage A91’s expertise in scaling consumer brands. Abhay Pandey, Partner at A91 Partners, added that the firm is keen to help build a dominant player in India’s growing home and office improvement market. Founded in 1996 by Kirit Joshi…