Yearly Archives: 2026
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.