Author Editor, Mera Paisa
The Power of Smart Meters: Why Investors Just Poured $22 Million into Kimbal
Kimbal Series B Funding: Imagine a world where your city’s power grid never blinks, your electricity usage is tracked perfectly in real-time, and renewable energy flows smoothly into massive batteries, ready for when the sun goes down. That future just got a whole lot closer.
The Global Race for Pixels and Power: Inside AirTrunk’s Landmark Plan to Build India’s Next-Gen Data Economy
Airtrunk’s $30 billion investment in hyperscale cloud data centres in India: NEW DELHI — In a move that highlights the shifting gravity of the global digital landscape, hyperscale data centre giant AirTrunk has announced a massive planned investment of approximately ₹3 lakh crore ($30 billion) to develop 5 gigawatts (GW) of data centre capacity across India.
Modi Government Launches Scheme to Replace Old Trucks Buses in Delhi
The scheme aims to impact approximately 2.07 lakh vehicles, comprising 1.91 lakh trucks and 16,329 buses currently operating under BS-IV or older emission norms. However, the rules of engagement vary depending on the age of the vehicle and the specific region.
NIIF Infrastructure Finance Extends Rs 1200 Crore Facility to Vijaypura Tollway
NIIF Infrastructure Finance’s ₹1,200 Crore Refinancing of Vijaypur Tollway Private Limited: Mumbai: JSA Advocates & Solicitors has advised NIIF Infrastructure Finance Limited on the extension of a ₹1,200 crore (approximately USD 126.7 million) term loan facility to Vijayapura Tollway Private Limited, marking a significant refinancing transaction in India’s infrastructure sector.
JSW Sambalpur Steel Secures Major SBI Funding to Boost Steel Sector Footprint
JSW Sambalpur Steel Limited Wins ₹12,000 crore SBI Funding for Bhushan Power & Steel Limited: Mumbai: In a significant boost to India’s steel sector, JSW Sambalpur Steel Limited has secured a ₹12,000 crore term loan facility from State Bank of India to part-finance its acquisition of the steel business of Bhushan Power & Steel Limited. The transaction was advised by Khaitan & Co.
CAE-InterGlobe Joint Venture Expands Pilot Training Capacity with New Mumbai Centre
CAE and InterGlobe’s Pilot Training Centre:Mumbai: CAE Simulation Training Private Limited (CSTPL), a joint venture between CAE and InterGlobe Enterprises, has officially opened its fourth advanced pilot training centre in India. Located in Mumbai, the new 44,000-square-foot facility aims to bolster the country’s growing aviation training sector and expand domestic pilot training capacity.
Andøy to Host Rheinmetall’s New Satellite Test Centre as Part of Expanding Space Industry Cluster
Rheinmetall Will Satellite Test Centre in Andøy Municipality in Norway: Rheinmetall Nordic AS and the Norwegian municipality of Andøy have signed a Letter of Intent (LOI) to establish the Rheinmetall Integrated Process Facility (RhIPF) at Prærien Business Park in Andenes. This new facility is set to serve as a satellite test centre, playing a key role in strengthening the growing space and defence industry cluster at Andøya.
Government Revamps Mutual Credit Guarantee Scheme to Boost MSME Manufacturers and Exporters
In a move to support India’s growing Micro, Small, and Medium Enterprises (MSMEs), the government has introduced significant modifications to the Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME). These changes are in line with the vision set out in Budget 2025-26, aiming to promote the country’s manufacturing and export sectors. The revamped scheme is designed to facilitate easier access to credit for MSMEs, with a focus on exporters and manufacturers looking to purchase plant and machinery.
SAMHI Hotels Will Acquire 70 Percent Stake in RARE India
SAMHI Hotels Limited has announced its plan to acquire a 70% majority stake in RARE India, marking a significant expansion into the experiential leisure segment. The acquisition represents a strategic move by SAMHI Hotels to diversify its portfolio and tap into the growing demand for heritage hotels, retreats, and experiential stays.
Petroleum Ministry Drafts Petroleum and Natural Gas Rules of 2025
Cyril Amarchand Mangaldas (CAM) has played a key role in advising the Ministry of Petroleum and Natural Gas on the drafting of the Petroleum and Natural Gas Rules, 2025 (“Rules”), following the introduction of the Oilfield (Regulation and Development) Amendment Act, 2025. The new legislation introduces significant changes to the petroleum sector, including the requirement for obtaining a petroleum lease as a prerequisite for conducting petroleum operations and empowering the Ministry to formulate comprehensive rules covering multiple aspects of the industry.
Exponent One Founder & CEO Raises Pre-seed Funding
Exponent Energy Funding: Bengaluru, India – Exponent One, the financing arm of Exponent Energy, has successfully raised $2 million in a pre-seed fundraise, with the round led by AdvantEdge. This funding is set to fuel the company’s mission to transform the electric vehicle (EV) landscape for commercial drivers and fleet operators.
Proptech Platform Truva Raises Series A Funding
Founded by a team of IIT and Stanford alumni, Truva is a Mumbai-based proptech platform focused on simplifying the home-buying process. The platform curates exclusive properties and offers services like assured prices and market rent to facilitate faster property sales.
Landmark Aviation Deal: Ace Aviation Signs SPAs for 3 Jet Airways Boeing 777s
Ace Aviation In a major development in India’s aviation insolvency landscape, Malta-based Ace Aviation has signed Sale and Purchase Agreements for three Boeing 777-300ER aircraft previously owned by Jet Airways.
United Spirits Divests Strategic Stake Hyderabad Factory
The divestment aligns with United Spirits’ ongoing portfolio rationalisation and operational optimisation strategy.
Subway Franchise EverBrands India Raise $15 million
EverBrands India Private Limited, the Indian operator of Subway, has raised $15 million in a funding round led by Playbook Partners.
Carlyle Group to Acquire Majority Stake in Nido Home Finance for $252 Million
Carlyle Group acquires majority stake in Nido Home Finance: In a strategic move to bolster the affordable housing finance sector in India, CA Sardo Investments, an affiliate of The Carlyle Group, has announced the acquisition of a 73% majority stake in Nido Home Finance for ₹2,100 crore (approximately $252 million).
Japan’s Aica Kogyo Acquires Controlling Stake in Stylam Industries in $225 Million Deal
Aica Kogyo Acquires Stylam Industries: Japanese conglomerate Aica Kogyo Company Limited has acquired a controlling stake of up to 53.12% in Stylam Industries Limited in a transaction valued at approximately $225 million. The acquisition was carried out through secondary purchases from existing promoters and triggers a mandatory open offer under Indian takeover regulations.
IFC Invests Rs 415 Crore in GFL Subsidiary GFCL EV Products
IFC Invests Rs 415 Crores in GFL Subsidiary GFCL EV Products Limited: Khaitan & Co has advised Gujarat Fluorochemicals Limited (GFL) and its subsidiary, GFCL EV Products Limited, on an equity investment of approximately $50 million (around ₹415 crore) by the International Finance Corporation (IFC). The investment marks IFC’s first foray into India’s battery-materials sector…
BluePine Energy Secures Rs 2,416 Crore Funding for Greenfield Karnataka Power Project
BluPine Energy Private Limited: JSA Advocates & Solicitors has advised on a greenfield project financing of approximately ₹2,416.6 crore ($290.53 million) for a 150 MW firm and dispatchable renewable energy (FDRE) project being developed by BluPine Energy Private Limited in Karnataka.
Baashyaam Group Acquires $144 Million Haddows Road Property in Chennai
Baashyaam Acquires Haddows Road: December 6, 2025, Chennai, India: Baashyaam Group has successfully acquired the Haddows Road property in Nungambakkam, Chennai, from Standard Chartered Bank’s subsidiary, Standard Chartered Global Business Services Private Limited. The transaction, valued at approximately ₹1,200 crore (USD 144 million), marks a significant expansion for Baashyaam Group in one of Chennai’s prime commercial locations.
Jindal Power Acquires 1,320 MW Jhajjar Thermal Power Plant in Haryana
Jindal Power Acquires Jhajjar Thermal Plant in Haryana: New Delhi, November 3, 2025: In one of the largest recent transactions in India’s thermal power sector, Jindal Power Limited (JPL) has completed the acquisition of 100% shareholding in Jhajjar Power Limited (JPLtd), which operates a 1,320 MW coal-based thermal power plant in Jhajjar, Haryana.
UAE’s Emirates NBD Set to Acquire 60% Stake in RBL Bank
Emirates NBD Set to Acquire 60% Stake in RBL Bank in Landmark Deal: Mumbai, India – October 24, 2025 – In a historic move, Emirates NBD, one of the largest banking groups in the UAE, is set to acquire a 60% majority stake in India’s RBL Bank for ₹26,850 crore. This landmark transaction, marking the…
Asahi India Glass Limited Nets Rs 1,000 crore through QIP
Asahi India Glass Limited has made a qualified institutions placement of 1,18,37,261 equity shares aggregating to ~₹1,000 crore. AZB & Partners represented the company in the transaction. The deal team comprised Senior Partners Varoon Chandra and Agnik Bhattacharyya, assisted by Senior Associate Rajat Chadha and Associates Harsh Vardhan Singh, Vaibhav Kumar Shah, Shivani Singh, and Asit Singh Baghel.
B2B Marketplace Pepagora Moves Forward with Growth Plans
Pepagora Completes Strategic Fundraising and Restructuring Exercise: In a significant development for Pepagora, a leading B2B marketplace connecting verified suppliers, buyers, and partners worldwide, the company has successfully completed a strategic fundraising round and undergone a group restructuring exercise. Water & Shark Legal served as the legal counsel for the marketplace throughout these pivotal stages, providing essential legal and strategic advisory services.
Electronics Bazaar’s IPO Nets Rs 460 Crore
Trilegal, Saraf and Partners, Crawford Bayley & Co Adivse on Electronics Bazaar’s ₹460 Crore IPO: MUMBAI — GNG Electronics Limited, operating under the popular brand “Electronics Bazaar,” has made a stunning debut on the stock market, with its ₹460.435 crore initial public offering (IPO) receiving an overwhelming response from investors. As India’s largest refurbisher of…
Mindspace Business Parks Acquires Q-City IT Park in Hyderabad
Strategic Move Advised by SAM & Arthur Cox Marks REIT’s First Third-Party Expansion: Hyderabad, India – In a significant expansion of its real estate portfolio, Mindspace Business Parks REIT has successfully acquired Q-City, a prominent IT Park in Hyderabad, for a reported price of ₹512 crore ($61.4 million USD). The transaction, which marks Mindspace’s first third-party acquisition outside of its existing portfolio parks, was a complex deal requiring extensive legal and advisory support from both Indian and international firms.
JSW One MSME Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise
JSW One MSME, Firm Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise: MUMBAI — JSW One Platforms Limited, widely known as JSW One MSME, has officially joined the ranks of India’s unicorns after successfully completing a ₹500 crore pre-IPO capital raise. This significant funding round pushes the company’s valuation past the $1 billion mark, cementing its position as a major player in the country’s B2B e-commerce landscape.
CCI Dismisses Bid-Rigging Allegations Against Adani, RP-Sanjiv Goenka in Coal Block Auctions
CCI Dismisses Bid-Rigging Allegations in Coal Block Auctions, Citing Lack of Evidence and Delay: New Delhi — The Competition Commission of India (CCI) has dismissed a major complaint alleging cartelisation and bid-rigging by several prominent corporate groups, including Adani Enterprises, the RP-Sanjiv Goenka Group, Vedanta, Hindalco, UltraTech, and Jindal Power, in coal block auctions spanning…
Hanwha Ocean Opens India Global Engineering Center in Noida
Hanwha Ocean’s India Global Engineering Center: Delhi, 31 July 2025. In a move that underscores its commitment to global expansion and technical leadership, Hanwha Ocean, a key player in the offshore energy and defense sectors, has officially inaugurated its Global Engineering Center in Noida, India earlier this week. Located near the Indian capital of Delhi, Noida is fast emerging as one of the country’s prime engineering hubs, boasting a competitive talent pool and an ecosystem that supports cutting-edge technological innovation.
NISAR Satellite Marks Historic Milestone in U.S.-India Space Cooperation
ISRO’s GSLV-F16 Rocket Successfully Launches NASA-ISRO’s NISAR Satellite: In a landmark achievement for space exploration and international cooperation, the launch of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite has taken center stage as a symbol of an unprecedented partnership between two of the world’s most powerful space agencies: NASA and the Indian Space Research Organisation…
IPO News: Juniper Green Energy Proposes Rs 3,000 Crore Initial Public Offering
Juniper Green Energy Proposes ₹3,000 Crore IPO: Mumbai, July 28, 2025 – Juniper Green Energy Limited, a prominent player in India’s renewable energy sector, has announced its intention to launch an Initial Public Offering (IPO) of equity shares worth Rs 3,000 crore. The company, which specializes in the development, operation, and management of solar, wind, and hybrid power projects, aims to accelerate its growth trajectory and expand its renewable energy footprint in the country.
Multiples Private Equity Acquires Controlling Stake in VIP Industries for ₹1,763 Crore
Multiples Private Equity Acquires Controlling Stake in VIP Industries for ₹1,763 Crore: In a landmark deal poised to reshape the luggage and travel accessories landscape in India, Multiples Private Equity Fund has secured a controlling stake in VIP Industries Limited, one of the country’s most recognized names in travel goods. The transaction, valued at a robust ₹1,763 crore ($211.56 million USD), will see the private equity giant acquire approximately 32% of VIP Industries, marking a significant shift in the ownership of the iconic brand.
Wilmar Acquires 20% Stake in AWL Agri Business from Adani for Rs 7150 Crores
Wilmar Acquires 20% Stake in AWL Agri Business from Adani for $860 Million: Ahmedabad, India — In a significant move within the Indian FMCG sector, Wilmar Group has agreed to acquire a 20% stake in AWL Agri Business Limited from Adani Group for a total consideration of ₹7,150 crore (approximately $860 million). The acquisition, which marks a major shift in the ownership structure of the prominent food and beverage conglomerate, was finalized through Wilmar’s wholly-owned subsidiary, Lence Pte. Ltd.
Future of International Arbitration Also Belongs to India: Justice Surya Kant
India as a hub for International Arbitration: GOTHENBURG, SWEDEN – In a significant pronouncement that reverberated through the international legal community, Supreme Court Justice Surya Kant declared on Thursday that “The future of arbitration is not just international — it is also Indian.” Speaking at a pivotal roundtable in Gothenburg, Sweden, Justice Kant laid out a compelling vision for India’s burgeoning role as a global arbitration destination, signaling a transformative shift in the landscape of international dispute resolution.
Walkoo Food Acquires Majority Stake in Meemee’s Ice Creams
Walko Food Acquires Majority Stake in Meemee’s Ice Creams, Think Law, Burgeon Law Act as Advisors: Mumbai, India – Walko Food Company Private Limited, the parent company behind the popular NIC Ice Cream brand, has announced a significant strategic move into India’s burgeoning artisanal dessert segment with the acquisition of a majority stake in Scoop Some More Private Limited, which operates under the brand name MeeMee’s Ice Creams. This acquisition marks a sweet expansion for Walko Food, broadening its dessert portfolio and tapping into a market segment known for its innovative and youth-oriented products.
Don’t Burden Yourself with Loans for Foreign LLM Degrees.: CJI BR Gavai
Don’t Burden Yourself with Loans for Foreign LL.M.: CJI BR Gavai to Law Graduates: Hyderabad, India – Chief Justice of India (CJI) B.R. Gavai delivered a thought-provoking address at the 22nd Convocation of NALSAR University of Law on Friday, offering a candid critique of the Indian legal profession and dispensing crucial advice to graduating law students.…
Uttarakhand Panchayat Election: High Court Stays EC Decision to Allow Candidates With Names on Multiple Voter Rolls
Uttarakhand High Court Stays EC Move Allowing Candidates on Multiple Voter Rolls: NAINITAL, UTTARAKHAND – In a significant intervention impacting the integrity of local elections, the Uttarakhand High Court has temporarily stayed a controversial clarification issued by the State Election Commission (SEC). The SEC’s directive, which permitted candidates whose names appear on multiple electoral rolls to contest polls, has been deemed “prima facie” contrary to the provisions of the Uttarakhand Panchayati Raj Act.
Don’t Hide Your Mental Health Issues, CJI Gavai Tells Law Students, Legal Professionals
Don’t Hide Your Mental Health Issues: CJI BR Gavai to Law Students: HYDERABAD, INDIA – In a candid and compassionate address to the graduating class of NALSAR University of Law, Chief Justice of India Justice B.R. Gavai delivered a powerful message urging young lawyers to confront the emotional and structural challenges inherent in the legal profession, emphasizing the critical importance of mental health and self-care. His remarks, delivered at the university’s 22nd Convocation, resonated deeply, offering both a stark reality check and an uplifting call to foster a more supportive legal community.
Cheque Bounce: Notice on Relative Not Sufficient for Cheque Dishonor Case, says Kerala HC
Section 138 of Negotiable Act: Notice on Relative Not Sufficient for Cheque Dishonor Case, Says Kerala High Court: Kochi, India – In a significant ruling concerning the Negotiable Instruments Act, the Kerala High Court has clarified that merely serving a notice of cheque dishonor on a relative of the accused is not sufficient to initiate proceedings under Section 138, unless it can be demonstrably proven that the accused had direct knowledge of such notice. This decision provides crucial guidance on the stringent requirements for statutory notice in cheque dishonor cases.