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Apollo Hospitals Boosts Digital Oncology with Acquisition
business update - June 19, 2025

Fueling the Future: Investment Highlights of Sigachi’s Hyderabad Facility

Fueling the Future: Investment Highlights of Sigachi’s Hyderabad Facility

Hyderabad-based Sigachi Industries stakes its future on innovation with a $1 million R&D center, prompting a market rally and signaling a strategic shift in India’s pharmaceutical landscape.

Introduction
Sigachi Industries, a small-cap pharmaceutical company specializing in excipients and APIs, saw its shares climb nearly 2% on June 18, 2025, after unveiling a state-of-the-art R&D center in Hyderabad. Backed by an investment of up to $1 million, the new facility aims to fast-track the development of essential APIs, strengthen regulatory adherence, and expand the company’s innovation capabilities for international markets. This move underscores Sigachi’s ambition to climb the pharma value chain and respond to the increasing demands of a tightly regulated, rapidly evolving industry.

Sigachi’s Strategic Leap: The Hyderabad R&D Center
On June 18, 2025, Sigachi Industries officially inaugurated its advanced Research & Development (R&D) Center in Hyderabad, marking a pivotal moment in the company’s growth journey. The new facility is more than just an infrastructure upgrade; it is a cornerstone of Sigachi’s plan to consolidate API development and analytical capabilities under one roof, thereby streamlining operations and accelerating product innovation.
The company’s leadership, led by Managing Director and CEO Amit Raj Sinha, emphasized that the R&D center is a “strategic asset” designed to create long-term value for customers, partners, and stakeholders. Through the integration of cutting-edge synthesis, analytical, and regulatory infrastructure, Sigachi seeks to streamline development processes and enhance its responsiveness to evolving global pharmaceutical demands.

Sigachi Boosts Innovation with Focused R&D Investment in Hyderabad
Sigachi’s dedication to advancing innovation is evident in its allocation of up to $1 million for the Hyderabad-based R&D centre. The facility will focus on:
• API Synthesis and Analytics: Integration of cutting-edge systems to develop and analyze high-priority Active Pharmaceutical Ingredients (APIs) and complex intermediates.
• Regulatory Compliance: Enhanced capabilities for regulatory filings, ensuring faster and more robust alignment with international standards.
• Talent and Portfolio Realignment: Empowerment of a specialized research team to drive product development for global markets, with a strategic focus on high-demand therapeutic segments.
The center is expected to serve as a hub for Sigachi’s innovation roadmap, strengthening its ability to respond to evolving regulatory requirements and emerging health challenges. By integrating core R&D functions, Sigachi seeks to explore new therapeutic segments and reinforce its position as a dependable partner in the pharma sector.

Market Response: Share Price Movement and Analyst Insights
The market responded positively to the announcement. On June 18, shares of Sigachi Industries opened at ₹54.90, up from the previous day’s close of ₹54.72, touched an intraday high of ₹55.62, and later moderated as the session progressed. The nearly 2% rally reflected investor optimism about the company’s enhanced innovation capabilities and long-term growth prospect.
Analysts highlighted that the R&D expansion could help Sigachi move up the pharmaceutical value chain, reduce dependence on external research partners, and potentially improve profit margins. The timing is significant, coming as the global pharmaceutical industry faces heightened regulatory scrutiny and supply chain challenges. Sigachi’s proactive investment in R&D is seen as a strategic move to ensure resilience and competitiveness in this environment.

Broader Strategic Context: Moving Up the Value Chain
Sigachi Industries, long recognized for its leadership in microcrystalline cellulose (MCC) and excipients, is now aggressively expanding its presence in the API segment. The Hyderabad R&D center is a key part of this strategy, enabling the company to:
• Accelerate API Development: By centralizing R&D efforts, Sigachi can speed up the journey from research to commercialization, especially for regulated and semi-regulated markets.
• Enhance Regulatory Readiness: The facility’s advanced analytical capabilities will help Sigachi meet stringent international compliance standards, opening doors to new export opportunities.
• Support India’s Pharma Ambitions: The move aligns with the “Make in India” mission, strengthening domestic innovation and reducing reliance on imports for critical pharmaceutical ingredients.

Leadership Vision: Building for the Future
Amit Raj Sinha, Managing Director and CEO, has articulated a clear vision for Sigachi’s future. He sees the Hyderabad R&D center not just as an investment in infrastructure, but as a catalyst for operational depth, continuous innovation, and enduring stakeholder value. The company’s focus on advanced APIs and complex intermediates is expected to drive growth in both domestic and international markets.

Conclusion
Sigachi Industries’ decision to invest $1 million in a cutting-edge R&D center in Hyderabad marks a transformative step for the company and the broader small-cap pharma sector in India. The facility is set to accelerate API innovation, enhance regulatory compliance, and position Sigachi as a forward-thinking player in the global pharmaceutical landscape. The positive market response underscores investor confidence in the company’s strategic direction and its ability to adapt to the evolving demands of the industry.
As regulatory requirements and supply chain complexities continue to shape the pharma sector, Sigachi’s focus on in-house innovation and operational excellence is likely to yield long-term dividends for shareholders, partners, and patients alike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Vedanta’s First Interim Dividend for FY26: What Investors Need to Know

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UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal
business update - June 18, 2025

UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal

UGRO Capital Acquires Profectus Capital in Ambitious ₹1,400 Crore Deal

Strategic acquisition aims to turbocharge MSME lending, expand reach, and boost profitability for UGRO Capital

Introduction: A Landmark Deal in Indian Lending
The Indian non-banking finance company (NBFC) landscape is witnessing a transformative moment as UGRO Capital, a data-tech-driven lender focused on MSMEs, moves to acquire Profectus Capital for ₹1,400 crore in cash. This acquisition is not just a scale-up; it’s a strategic leap that will reshape UGRO’s business profile, enhance its risk metrics, and accelerate its ambition to capture a larger share of the MSME lending market.

The Acquisition: Key Details and Rationale
• Deal Structure:
The all-cash transaction will see UGRO Capital purchase 100% of Profectus Capital’s shares from its current owners, including global private equity firm Actis. The consideration will be paid in a single tranche at closing, funded through a mix of UGRO’s recent equity raise and internal accruals.
• Scale and Reach:
Profectus brings a fully secured loan book of ₹3,468 crore, a 28-branch network across seven states, and a workforce of over 800 employees. The acquisition will increase UGRO’s consolidated assets under management (AUM) by 29% to ₹15,471 crore, while expanding its branch footprint to 263 locations.
• Financial Impact:
The deal is expected to add approximately ₹150 crore to UGRO’s annualized profits and deliver operational cost savings of ₹115 crore post-merger. The company anticipates an improvement in return on assets (ROA) by 0.6–0.7 percentage points, with projections to reach 3.5% in FY26 and 4.5% in FY27.

Why Profectus? Strategic Fit and Synergies
• Robust Portfolio:
Profectus has maintained steady growth, reporting a gross NPA of just 1.6% and a net NPA of 1.1% as of March 2025. Its focus on fully secured lending complements UGRO’s risk appetite and strengthens the overall loan book quality.
• Diverse Lender Network:
The acquisition gives UGRO access to Profectus’ relationships with private sector banks and development finance institutions, broadening its liability profile and funding options.
• Operational Efficiency:
With zero origination costs for the acquired portfolio and significant cost synergies, UGRO expects to unlock substantial value from the integration.
• Market Expansion:
The deal positions UGRO to accelerate growth in high-yield segments such as supply chain finance, machinery loans, and embedded finance. It also marks UGRO’s entry into school financing, a new vertical for the company.

Integration and Next Steps
Both companies will maintain independent operations and strategies during the integration phase, which is expected to last two to three months pending regulatory and shareholder approvals. UGRO plans a seamless transition to maximize synergies while preserving the strengths of both organizations.
UGRO’s founder and managing director, Shachindra Nath, emphasized that the acquisition leverages the company’s recent equity raise to achieve instant scale and operational efficiency. Profectus CEO K.V. Srinivasan highlighted the complementary nature of the businesses and the potential for greater profitability and efficiency.

Market Reaction and Industry Impact
The announcement has been well received by the market, with UGRO Capital’s shares rising sharply following the news. Analysts view the acquisition as a value-accretive move that positions UGRO as a major force in MSME lending, with improved profitability and a stronger risk profile.
This deal also signals a broader trend of consolidation and strategic expansion in the NBFC sector, as lenders seek scale, diversification, and operational efficiencies to navigate a competitive and evolving market landscape.

Conclusion: A New Chapter for UGRO Capital
UGRO Capital’s acquisition of Profectus Capital marks a watershed moment in its growth journey. By combining Profectus’ robust secured lending portfolio and branch network with UGRO’s data-driven approach and capital strength, the merged entity is poised to set new benchmarks in MSME lending. The deal not only enhances UGRO’s scale and profitability but also strengthens its foundation for sustainable, long-term growth in India’s dynamic financial sector.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Polycab Secures ₹6,448 Crore BharatNet Project!

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Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100
business update - June 16, 2025

Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100

Diamond Power Lands ₹175 Cr Conductor Deal Under ₹100

Budget-Friendly Cable Stock Secures Major Supply Order in Gujarat

Diamond Power Infrastructure Ltd (DPIL), has bagged a major purchase order worth approximately ₹175.17 crore. The contract, awarded by Associated Power Structures Ltd, involves delivering AL-59 conductors and OPGW cables* for high-voltage transmission lines across Gujarat. These supplies will follow the exact technical requirements set by *Gujarat Energy Transmission Corporation Ltd (GETCO).

This kilometer-rate based order uses a price variation clause and spans a supply length of 3,569 kilometers of conductor and cable. The delivery and execution are scheduled across various timelines between May and November 2025. Key components of the order include:

400 kV D/C Chorania to Kosamba line*: 347 km of supply, worth ₹17.19 crore
400 kV D/C Veloda to Prantij route*: 39.5 km, amounting to ₹23.63 crore
400 kV D/C Saykha to Jhanor line*: 34 km in length, valued at ₹20.20 crore
220 kV D/C Maglana to Pachham connection*: 80 km, worth ₹23.16 crore

These upcoming installations are expected to reinforce the state’s transmission infrastructure and cater to Gujarat’s expanding energy needs.

Financial Growth & Market Buzz

During the *third quarter of FY25, DPIL posted a consolidated net profit of ₹6.27 crore, a strong rebound from a net loss of ₹3.79 crore in the same period the year before. Revenue from operations also jumped significantly, recording a 412.7% rise year-over-year*, reaching ₹307.42 crore. This impressive growth reflects DPIL’s improving financial standing and successful project execution.

News of the ₹175 crore order has positively impacted market sentiment. The stock, which currently trades *below ₹100*, saw gains following the announcement, attracting interest from small-cap and value-seeking investors who are tracking the infrastructure sector closely.

Final Thoughts

The company’s rising revenue, return to profitability, and healthy order pipeline make it a noteworthy pick among low-priced infrastructure stocks. For investors seeking affordable exposure to India’s growing energy and grid expansion story, DPIL offers a compelling case.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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SBI Lowers Interest on Savings and Term Deposits

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Hindustan Copper and CODELCO Strategic Collaboration to Triple Output by 2030
business update - June 13, 2025

Hindustan Copper to Invest ₹2,000 Crore, Triples Mining Capacity!

Hindustan Copper to Invest ₹2,000 Crore, Triples Mining Capacity!

India’s only integrated copper producer gears up for a significant production boost and global collaboration to meet surging demand for copper in the clean energy transition.

Summary:
Hindustan Copper Ltd (HCL) has unveiled an ambitious investment plan of ₹2,000 crore over the next 5-6 years aimed at tripling its mining capacity. The government-operated PSU also entered into a strategic agreement with CODELCO, the state-owned copper powerhouse of Chile, aimed at enhancing technical expertise, operational efficiency, and sustainable practices in the mining sector. This expansion plan comes at a time when global demand for copper is poised to surge due to the rise of renewable energy, electric vehicles, and infrastructure development. Even after the announcement, HCL’s shares fell by 1.61% on the BSE, finishing at ₹259.60.

Hindustan Copper Prepares for Growth in Response to Rising Copper Demand
In a major strategic initiative aimed at meeting India’s rising copper demand and aiding the country’s shift toward cleaner technologies, Hindustan Copper Ltd (HCL) has revealed plans to invest ₹2,000 crore over the next five to six years to triple its existing mining capacity.
The announcement marks one of the most significant capacity-building efforts in the Indian mining sector, especially in the non-ferrous metals segment. This investment underscores the government’s focus on boosting domestic copper production to reduce import dependency and ensure resource security in an electrified future.

Collaboration with CODELCO: A Global Benchmark
In a parallel development that adds global heft to its expansion roadmap, HCL has entered into a strategic collaboration pact with CODELCO (Corporación Nacional del Cobre de Chile) — the world’s largest copper producer. The Chilean state-owned enterprise, headquartered in Santiago, is a global leader in copper mining and has decades of experience in large-scale mining operations and sustainable practices.
The pact is aimed at knowledge sharing, technology transfer, capacity building, and sustainable mining practices. With CODELCO’s guidance, HCL is expected to improve operational efficiencies, reduce environmental impact, and adopt modern mechanization and digital mining techniques.
This collaboration is timely, considering CODELCO’s own transformation journey toward eco-efficient mining and its role in setting global best practices. For HCL, the deal positions the company on the international stage and brings a significant competitive edge.

Copper: The Backbone of Energy Transition
The importance of copper in the global economy is surging, driven by its critical use in electric vehicles (EVs), solar and wind energy systems, power grids, and electronics. According to the International Energy Agency (IEA), copper demand is expected to nearly double by 2035, especially as the world pivots to low-carbon energy solutions.
India, with its ambitious renewable energy targets and EV policies, is poised to become one of the fastest-growing copper-consuming nations. However, the country currently relies heavily on imports to meet its copper needs. Hindustan Copper’s expansion is expected to significantly reduce import dependency and promote self-reliance under the Atmanirbhar Bharat initiative.

Details of the Investment Plan
A total investment of ₹2,000 crore will be directed towards the modernization and expansion of existing mining operations, with a particular emphasis on significant projects like the Khetri Copper Complex in Rajasthan, Malanjkhand in Madhya Pradesh, and the Indian Copper Complex in Jharkhand.
According to company sources, the expansion aims to raise the mining capacity from around 4 million tonnes per annum (MTPA) to 12 MTPA. The focus will be on both open-cast and underground mining, with significant investments in digital automation, ore beneficiation, and waste reduction technologies.

Stock Market Reaction
Despite the strategic long-term importance of the announcement, shares of Hindustan Copper fell by 1.61% on the BSE, closing at ₹259.60, down ₹4.25. The decline is attributed to broader market volatility and short-term profit booking. However, analysts believe the long-term outlook for the stock remains bullish, driven by copper’s rising strategic importance and HCL’s increasing production base.
Brokerages have highlighted that while upfront capex may weigh on margins in the near term, it positions the company to capitalize on strong copper pricing in the medium to long term.

Strengthening India’s Critical Mineral Strategy
The move also aligns with the Indian government’s vision of securing supply chains for critical and strategic minerals. As global powers race to lock in raw materials crucial for clean tech and semiconductor industries, India has accelerated efforts to strengthen its domestic base in lithium, rare earth, and copper.
The Ministry of Mines has also emphasized the importance of India building strategic partnerships with resource-rich nations. The HCL-CODELCO agreement could act as a template for future government-to-government collaborations.

Voices from the Top
Speaking about the collaboration, HCL’s CMD N. Ramesh noted:
“Partnering with CODELCO is a landmark development for HCL. It will enable us to leverage global best practices, elevate safety and sustainability standards, and transform India’s copper mining landscape.”
Meanwhile, CODELCO representatives expressed interest in helping emerging markets like India build robust and responsible mining ecosystems. The partnership is expected to foster joint training programs, exchange of technical personnel, and joint R&D efforts in areas like exploration geology, drilling technologies, and mine rehabilitation.

Conclusion: A Strategic Leap for India’s Copper Ambitions
Hindustan Copper’s ₹2,000 crore investment and its partnership with CODELCO represent not only capacity growth but also a significant advancement in India’s self-reliance on resources and the modernization of technology within the mining sector. As copper cements its role as the “metal of electrification,” this move places India on the global mining map and strengthens its clean energy value chain.
With execution discipline, sustainability focus, and international expertise on its side, HCL is poised to become a critical pillar of India’s energy and industrial future.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Waaree Energies Surges 4% on Major U.S. Solar Deal!

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Asian Markets Surge Amid AI Optimism
business update - June 12, 2025

Nvidia Joins Forces with AI Firms to Rewire Europe

Nvidia Joins Forces with AI Firms to Rewire Europe

Europe’s AI game just got a serious GPU upgrade.

These partnerships reflect Nvidia’s growing involvement in helping Europe close the gap in AI capabilities while also promoting technological self-reliance in an increasingly competitive global landscape.

The overarching aim is to reduce dependency on foreign compute power and give European researchers, developers, and businesses the tools to advance large-scale AI development independently.

One of the most prominent outcomes of this collaboration is Nvidia’s partnership with French-based Mistral AI. Nvidia is backing the launch of a major data center near Paris that will house approximately 18,000 of its state-of-the-art Blackwell graphics processing units (GPUs). This facility is expected to give Mistral a serious edge in developing advanced AI models, enabling it to work on reasoning-focused architectures that can compete globally—all while operating within Europe’s strict data sovereignty regulations.

At the same time, Nvidia is working with Perplexity, an emerging name in the AI research and search landscape. The goal of this alliance is to enhance and deploy reasoning models tailored for users in both Europe and the Middle East. Nvidia will contribute to these efforts by producing large volumes of synthetic data and translating it across a variety of European languages—including Spanish, German, Polish, Swedish, French, and Italian. Perplexity, in turn, will handle the localized rollout, ensuring models are deployed from in-region data centers to ensure regulatory alignment with laws such as GDPR and to minimize performance latency.

These collaborations represent a broader push by Nvidia to develop large-scale AI “gigafactories” across Europe. More than 200 AI-focused data centers are already being planned, with locations expected to span countries like Germany, Italy, the UK, Spain, and Finland. This would create an exponential increase in the region’s computing capacity, allowing startups, corporates, and academic institutions to access unprecedented levels of AI processing power on their home turf.

In addition to meeting Europe’s AI demand, these developments carry broader geopolitical significance. Europe has long aimed to become more digitally sovereign—especially in areas like cloud computing, semiconductors, and now AI. Through its strategic relationships with Mistral and Perplexity, Nvidia is effectively enabling Europe to claim more control over the tools that will define the next generation of technological innovation.

Historically, language diversity has been one of the region’s toughest technical challenges. But with Nvidia’s capacity to generate and translate synthetic datasets at scale, and with Perplexity fine-tuning models for local nuances, European users may soon experience AI systems that understand and serve them better than ever before.

Industries like automotive manufacturing, advanced research, telecoms, and enterprise software in Europe stand to benefit from more powerful, localized AI capabilities. As compute becomes more available, companies will be able to embed AI across operations in real-time without needing to rely on systems hosted in other continents.

As things move forward, Mistral is already preparing to bring its new GPU-equipped data center online. Meanwhile, Perplexity will begin gradually rolling out its European AI products, starting with regions that show high demand and linguistic complexity. These implementations mark the beginning of what could be Europe’s most significant leap in AI infrastructure to date.

This isn’t just about keeping pace—it’s about rebalancing the global AI playing field. By investing directly in local talent, data centers, and responsible AI partnerships, Nvidia is enabling Europe to become not just a user of AI innovation but a major producer. As a result, the continent could soon find itself leading in areas where it once lagged, thanks to a timely infusion of high-powered compute, regional customization, and next-gen AI collaboration.

Summary

Through localized data centers, multilingual AI models, and massive GPU deployments, these moves push Europe closer to AI self-sufficiency—potentially turning it into a global leader in artificial intelligence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Giva Raises Fresh Capital to Strengthen Jewelry Business, Valued at ₹3,950 Crore

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Giva Raises Fresh Capital to Strengthen Jewelry Business, Valued at ₹3,950 Crore
business update - June 12, 2025

Giva Raises Fresh Capital to Strengthen Jewelry Business, Valued at ₹3,950 Crore

Giva Raises Fresh Capital to Strengthen Jewelry Business, Valued at ₹3,950 Crore

Jewelry brand Giva raises fresh funds led by Creaegis to fuel expansion, strengthen operations, and grow its omnichannel presence across India.

Major Fundraising Round to Boost Growth Plans

Bengaluru-based omnichannel jewelry brand Giva has successfully closed a fresh funding round, securing approximately ₹450 crore (around $53 million) in its Series C financing. The round is being spearheaded by Creaegis with participation from other notable investors, aiming to further bolster Giva’s aggressive expansion plans in India’s competitive jewelry market.

According to documents filed with the Registrar of Companies, Giva’s board sanctioned the allocation of 1,73,430 Series C CCPS, each priced at ₹25,947, to secure the targeted capital infusion.

Key Investors and Funding Breakdown

Through its CIF II Scheme, Creaegis has taken the lead in this funding round by pledging ₹235 crore, equivalent to $27.6 million. The round also sees robust participation from Premji Invest, contributing ₹125 crore (approximately $14.7 million), followed by Epiq Capital with ₹45 crore, and Edelweiss Discovery Fund injecting ₹35 crore. The Usha Dalmia Trust completes the lineup of investors with ₹10 crore.

This equity capital is earmarked to support a range of strategic needs. According to the official filing, the raised funds will cover ongoing operational costs such as employee hiring, marketing initiatives, general corporate activities, and other business development expenses outlined in Giva’s growth blueprint.

Debt Funding and ESOP Expansion

Alongside the equity infusion, Giva has also secured ₹30 crore in debt from Alteria Capital, offering the company added liquidity for its operational endeavors. Moreover, Giva has increased its Employee Stock Option Plan (ESOP) pool by 15,853 shares, boosting its total ESOP value to ₹203 crore (approximately $24 million). This move is expected to enhance employee retention and incentivize key talent as the company scales.

This latest infusion of capital has propelled Giva’s estimated valuation to nearly ₹3,950 crore, equating to roughly $465 million in global terms. This represents a remarkable two-fold increase compared to its valuation during the previous funding round of ₹255 crore.

Giva’s Journey and Market Presence

Founded in 2019 by Ishendra Agarwal, Giva initially carved a niche for itself in the affordable jewelry segment. Over time, it has diversified its offerings, expanding into gold jewelry and the increasingly popular category of lab-grown diamonds.

What began as a direct-to-consumer (D2C) online platform has now evolved into a formidable omnichannel brand. Giva has established nearly 150 brick-and-mortar outlets throughout India, further supported by its online storefront and dedicated mobile application. To further scale its retail footprint, Giva has adopted a franchise-led expansion model.

Strong Backing and Shareholding Structure

Before this funding round, Giva had already attracted attention from prominent institutional backers. According to data from startup intelligence platform TheKredible, the company has raised more than $85 million in total funding to date.

As per the latest shareholding structure prior to the Series C round, founder Ishendra Agarwal maintained a 25.10% stake in the company. Other key stakeholders included Premji Invest (17.13%), India Quotient (13.38%), and A91 Partners (9.58%).

Adding to its credibility, Giva recently attracted investments from well-known personalities, including Bollywood actors Ranbir Kapoor and Aamir Khan, filmmaker Karan Johar, and sports icons Jasprit Bumrah and Rohit Sharma, further enhancing its brand visibility.

Financial Performance and Competitive Landscape

Giva’s financial growth has been equally impressive. For the fiscal year ending March 2024, the brand posted an operating revenue of ₹274 crore, reflecting a 66% increase from ₹165 crore recorded in FY23. Nevertheless, the firm’s net deficit widened to ₹59 crore, reflecting a year-over-year surge of approximately 30% in overall losses. Despite these growing expenses, the continued influx of funds suggests strong investor confidence in the brand’s long-term profitability potential.

In terms of competition, Giva operates in a vibrant ecosystem with players like Bluestone—currently prepping for a ₹1,000 crore IPO—along with other significant brands such as CaratLane and Melorra. Additionally, numerous regional and family-owned jewelers contribute to a highly competitive and dynamic market landscape.

Final Thoughts

Giva’s recent $53 million Series C round marks another significant milestone in the brand’s growth journey. The infusion of fresh capital led by Creaegis, combined with contributions from longstanding investors, positions the company well to scale operations, expand its retail presence, and capture a larger market share in India’s flourishing jewelry sector.

With its valuation now touching $465 million, Giva stands on solid ground to challenge its peers, leverage omnichannel strategies, and meet the evolving demands of modern jewelry consumers. While the increase in operational losses highlights the challenges of aggressive expansion, the long-term growth narrative remains promising for stakeholders and customers alike.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Flexiloans Bags ₹375 Cr in Series C, Targets ₹5,000 Cr AUM Within 18 Months

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Inox Wind Energy Ltd Surges as NCLT Approves Merger with Inox Wind Ltd
business update - June 12, 2025

Inox Wind Energy Ltd Surges as NCLT Approves Merger with Inox Wind Ltd

Inox Wind Energy Ltd Surges as NCLT Approves Merger with Inox Wind Ltd

Landmark consolidation to streamline operations, slash debt by ₹2,050 crore, and unlock value for stakeholders in India’s fast-growing green energy sector.

NCLT Greenlights Major Renewable Energy Merger
The Chandigarh bench of the NCLT has formally sanctioned the amalgamation of IWEL with IWL, marking a pivotal step in the INOXGFL Group’s long-term vision for its clean energy portfolio. Issued on June 10, 2025, the order finalizes a two-year effort to streamline the group’s wind energy assets into a single structure.
This merger is more than a corporate restructuring; it’s a calculated move to strengthen the group’s position in India’s rapidly expanding renewable energy landscape. By bringing together the financial and operational strengths of both entities, the group expects to enhance its competitive edge and accelerate growth in the green energy sector.

Key Terms: Share Swap and Timeline
• Swap Terms: Holders of 10 IWEL shares will be issued 632 equity shares of IWL (₹10 each).
• Completion Timeline: The transition is anticipated to be finalized within 1 to 1.5 months, subject to regulatory clearances. The record date for the share swap will be announced soo.

Why the Merger? Strategic Rationale and Expected Benefits
1. Debt Reduction and Financial Strength
This financial strengthening is expected to improve creditworthiness and lower the cost of capital, providing a strong foundation for future expansion.
2. Operational Synergies and Cost Efficiencies
By eliminating redundant functions and streamlining resource allocation, the combined entity will benefit from economies of scale. The merger will also simplify regulatory compliance and reporting, making the business more agile and responsive to market changes.
3. Simplified Structure and Direct Promoter Holding
With the holding company structure dissolved, INOXGFL Group promoters will now have direct equity in Inox Wind. This direct holding is expected to align interests, improve corporate governance, and enhance value for all stakeholders.
4. Enhanced Stakeholder Value
The consolidation is designed to unlock value for shareholders by combining financial, operational, and strategic strengths. Minority shareholders of IWEL, in particular, stand to benefit from improved liquidity, transparency, and participation in a larger, more dynamic company.

Market Reaction: Stock Jumps on Positive Outlook
News of the NCLT approval sent IWEL shares higher, reflecting investor optimism about the group’s future prospects post-merger. The market recognizes the potential for improved financial health, operational efficiency, and a more competitive stance in the renewable energy sector.

Leadership Perspective
Devansh Jain, Executive Director of INOXGFL Group, described the merger as a “significant achievement” that brings closure to a two-year journey of strategic planning and execution. Jain emphasized that the move is beneficial for all stakeholders, including minority shareholders, and marks a new chapter for the group’s green energy ambitions.

What’s Next? The Path Forward
• Share Allotment: IWEL shareholders can expect to receive their new IWL shares within six weeks, pending regulatory approvals.
• Record Date: The company will soon announce the record date for determining eligible shareholders.
• Operational Integration: The focus will shift to integrating operations, realizing synergies, and executing on growth opportunities in the renewable energy space.

Conclusion
The merger approval by NCLT stands as a critical moment for both the INOXGFL Group and the evolution of India’s sustainable energy landscape. By consolidating its wind energy business, reducing debt, and streamlining operations, the group is poised to capitalize on the country’s accelerating shift toward renewable power. For investors, the merger offers greater value, stronger governance, and ownership in a more resilient and competitive entity. As the deal moves toward completion, all eyes will be on the group’s ability to deliver on its ambitious vision for sustainable growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

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Adani Group Stocks Rally on SEBI Relief, Investors Watch Pending 22 Orders for Clarity
business update - June 12, 2025

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

Adani Group Sets Ambitious ₹2.5 Trillion Growth Target Over Five Years

With an eye on infrastructure, energy, and metals, Adani Group plans major investments and restructuring while managing debt and long-term capital needs.

Ambitious ₹2.5 Trillion Blueprint for Growth

Adani Group is preparing for a major investment cycle, targeting nearly ₹2.5 trillion in funding over the next five years. This initiative is part of its larger $100 billion capital outlay aimed at strengthening core operations and refinancing substantial maturing debt.

The funding will primarily support two objectives: continuous capital expenditure for business expansion and refinancing existing liabilities. Approximately ₹1.6 trillion of debt is set to mature between FY26 and FY30, prompting the group to secure funds through a mix of internal cash flows and fresh borrowings.

The conglomerate is strategically allocating funds across its flagship sectors to ensure continued dominance and financial stability as part of a broader, future-ready vision.

Core Operational Focus: Power and Infrastructure

Sagar Adani, Executive Director at Adani Green Energy and a prominent leader within the group, reaffirmed that Adani Group’s operational strength rests on two central verticals: energy utilities and infrastructure development.

These two pillars form the base around which the rest of the group’s diversified businesses are structured. According to Adani, this focused approach grants the group a significant cost advantage—particularly visible in sectors like cement, where costs for energy, transportation, and raw materials form a major part of overall expenses.

The group leverages its expansive logistics network and energy capabilities to streamline operations across its business verticals, translating to improved efficiency and competitive pricing.

Expanding into Metals and Clean Energy

The Adani Group is also aggressively pursuing growth in metals and renewable energy, aligning with both global trends and national priorities. A key milestone in this direction has been the inauguration of a 0.5 MTPA copper smelter at Mundra, which is expected to double its capacity to 1 MTPA in the near future. The facility relies on imported copper concentrate, primarily sourced from Chile.

In addition, the group is eyeing bauxite mining projects to secure raw material for aluminium production. These operations are expected to benefit from the group’s ability to deliver cost-effective and scalable energy solutions—essential for high-consumption industries like metals.

Strategic Moves in Airports and Cement

Two pivotal restructuring initiatives are on the cards that could significantly alter the group’s business landscape.

Airports Business Demerger

Adani currently manages eight airports, including major hubs in Mumbai and Ahmedabad. These assets, currently housed under Adani Enterprises, are expected to be spun off into a separate listed entity by FY28. This move aims to offer better operational clarity and unlock value for shareholders.

Cement Sector Integration

The group’s holdings in multiple cement companies—such as Ambuja Cements, ACC, Sanghi, Orient, and Penna—are being steered toward eventual consolidation. A merger of these entities is likely to occur within 18 months after their operational integration is completed, enhancing scale, synergy, and financial maneuverability.

Both initiatives reflect the group’s efforts to streamline its holdings and optimize business efficiency across major verticals.

Diversified Risk and Debt Management Strategy

Despite its sprawling business interests, Adani Group claims it has implemented a risk-balancing approach. No single asset reportedly contributes more than 9% to the group’s total EBITDA, indicating a wide base of income sources and reduced exposure to individual asset performance.

However, with ₹1.6 trillion in debt set to mature within five years, a robust refinancing plan is crucial. The group plans to rely partly on internal accruals but will also raise additional capital to meet its obligations and fuel expansion efforts.

This balancing act—between aggressive growth and prudent fiscal management—will be central to maintaining investor confidence and financial health.

Navigating Controversy: Allegations and Recovery

The group’s bold expansion strategy unfolds in the backdrop of serious allegations that emerged last year. Gautam Adani and Sagar Adani were cited in legal documents filed in the United States concerning accusations of corruption and misconduct tied to solar power agreements. The claims pointed to over $250 million in bribes paid to Indian officials to secure deals.

Adani Group has strongly denied the accusations and pledged to defend itself through legal channels. Despite the controversy and resulting market volatility—including stock declines and increased regulatory scrutiny—the group remains undeterred in its long-term vision.

The recent capital strategy reinforces its intent to look beyond short-term hurdles and push forward with transformative projects across sectors.

Final Thoughts

By setting a ₹2.5 trillion capital goal, Adani Group is laying the financial groundwork to emerge as a transformative powerhouse in the realms of infrastructure and sustainable energy for the years ahead. The proposed investment will support key areas such as renewable energy expansion, metal production capacity, and operational enhancements in airports and cement.

The group’s focus on its foundational sectors—energy and logistics—continues to guide its growth philosophy. At the same time, it is embracing structural realignments, including business spin-offs and mergers, to improve transparency and value delivery.

Even as it navigates legal challenges and financial scrutiny, Adani’s capital roadmap reflects a clear intention to build a future-oriented, resilient conglomerate. The next five years will be pivotal in shaping the group’s position both domestically and globally.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Eternal Ltd. Shares Climb Following ₹156 Crore Block Deal

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Waaree Energies Surges Over 11% on FTSE Index Inclusion Buzz
business update - June 12, 2025

Nyati Engineering awards ₹1.32 crore project to Power & Instrumentation.

Nyati Engineering awards ₹1.32 crore project to Power & Instrumentation.

Power & Instrumentation (Gujarat) Ltd (PIGL), a prominent player in the electrical equipment and contracting sector, has recently bagged a significant new order. The company has been awarded a contract worth ₹1,32,74,718, including GST, from Nyati Engineering & Construction Pvt Ltd. This new order is part of the ongoing development at the Udaipur Air Terminal in Rajasthan and marks another milestone in PIGL’s expanding portfolio.

Details of the New Contract

The fresh order entails comprehensive work covering the design, supply, installation, testing, and commissioning of Extra Low Voltage (ELV) raceways and cable trays. These components are crucial for electrical installations, especially in large infrastructure projects like airports where safety and efficiency are paramount. The company is expected to complete this project within six months, indicating a prompt execution timeline that aligns with PIGL’s reputation for timely delivery.

This order is part of a series of contracts PIGL has secured from Nyati Engineering for the Udaipur Air Terminal project. The total value of orders bagged by the company for this project now stands at approximately ₹52.43 crore, demonstrating its growing association and trust with Nyati Engineering & Construction Pvt Ltd.

Robust Order Book and Growing Business Opportunities

As of March 31, 2025, Power & Instrumentation boasts a robust order book valued at nearly ₹400 crore. This extensive order pipeline ensures strong revenue visibility for the upcoming financial periods. The new contract further strengthens this position, reflecting the company’s ability to consistently attract and secure new projects.

The consistent addition of fresh orders indicates the company’s competitive edge and its growing expertise in the field of electrical and EPC (Engineering, Procurement, and Construction) contracting. Power & Instrumentation is gradually establishing itself as a reliable player in infrastructure-related electrical works, particularly in specialized sectors like airport development.

A Legacy of Excellence and Strong Market Position

Since its establishment in 1975, Power & Instrumentation (Gujarat) Ltd has consistently developed a strong market presence and earned industry-wide recognition over the years. The company has successfully executed more than 35 airport-related projects across the country. Its diversified project experience spans public electrification, airport systems, and other critical infrastructure.

In addition to its airport work, PIGL has completed the electrification of over 100,000 Below Poverty Line (BPL) homes and has laid more than 20,000 kilometers of HT (High Tension) and LT (Low Tension) electrical lines. This diverse experience underlines the company’s capability to manage large-scale and technically demanding projects.

Financial Performance Overview

The company’s financial performance for FY25 has been solid. Power & Instrumentation reported total revenues of ₹171.28 crore for the year ending March 31, 2025. It posted an EBITDA of ₹19.59 crore and achieved a net profit of ₹11.75 crore, reflecting healthy profitability and efficient cost management.

These financial figures highlight the company’s ability to grow its business sustainably while maintaining a focus on operational efficiency. A steady net profit margin also indicates a well-managed balance sheet and prudent financial planning.

Positive Stock Performance and Investor Confidence

Power & Instrumentation’s stock has performed impressively in the past year. The company’s shares have soared by over 136% from its 52-week low of ₹69.50, reflecting growing investor confidence. The stock also recently touched its upper circuit limit following the announcement of another ₹6.25 crore order related to the same Udaipur Air Terminal project.

The sharp rise in stock prices suggests that the market views the company’s future prospects positively, likely due to its consistent order wins and a strong project execution track record. This upward trend reinforces the company’s credibility and positions it as a potentially attractive investment opportunity in the electrical contracting space.

Strategic Positioning in a Growing Sector

India’s ongoing infrastructure boom, with significant focus on airport modernization and expansion, creates a fertile ground for companies like Power & Instrumentation. The government’s increased push for aviation connectivity through projects like the UDAN scheme is generating substantial demand for airport-related electrical and civil works.

The company’s specialization in airport electrical projects, coupled with its experience in handling complex ELV systems, places it in an advantageous position to capitalize on these emerging opportunities. By securing repeat orders from prominent clients, PIGL is solidifying its position as a trusted and capable player in the industry.

Conclusion

The latest order from Nyati Engineering not only adds to Power & Instrumentation’s already impressive order book but also reinforces its standing in the specialized airport infrastructure segment. With solid financials, a strong growth trajectory, and increasing investor interest, Power & Instrumentation (Gujarat) Ltd seems well-poised to sustain its upward momentum in the coming quarters.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Talbros Automotive Components Accelerates to New Highs on ₹580 Crore Order Win

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Jio’s Giant Leap: Reliance Confirms IPO in Early 2026
business update - June 11, 2025

Reliance Infra Aims ₹10,000 Cr Revenue with Diehl

Reliance Infra Aims ₹10,000 Cr Revenue with Diehl

Reliance Defence has signed an agreement with Diehl Defence to produce advanced 155 mm guided munitions in Maharashtra. This collaboration strengthens India’s defense capabilities and enhances its export potential, aligning with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives.

Summary:
Reliance Defence, the defence division of Reliance Infrastructure, has secured a major contract with Diehl Defence, a German company, to locally produce Vulcano 155 mm terminally guided munitions in Maharashtra. The collaboration is expected to yield ₹10,000 crore in revenue and represents a substantial advancement for India’s goals in domestic defense manufacturing and export initiatives. The collaboration also aligns with India’s strategic goals under the Atmanirbhar Bharat and Make in India campaigns to build a self-reliant military-industrial complex.

A Strategic Leap for India’s Defence Industry
Reliance Defence, a wholly owned subsidiary of Reliance Infrastructure Ltd, has entered into a landmark partnership with Germany’s Diehl Defence to manufacture advanced Vulcano 155 mm terminally guided artillery munitions in India. The collaboration is set to become a cornerstone in India’s journey toward indigenization of high-tech weaponry and aims to generate ₹10,000 crore in revenue over the contract lifecycle.
The manufacturing facility will be established in Maharashtra, creating a critical local supply base for precision-guided ammunition and further reinforcing India’s position as a global defence production hub.

Partnership Details: Vulcano 155 Production in India
The Vulcano 155 mm terminally guided munition is a next-generation, long-range precision projectile designed for use in NATO-standard artillery systems. Known for its exceptional accuracy and extended range—up to 70 km with pinpoint precision—the Vulcano has applications in both offensive and defensive battlefield scenarios.
Under this agreement:
Diehl Defence will provide the core technology and design architecture.
Reliance Defence will be responsible for assembling, integrating, and testing the ammunition systems domestically.
The facility will cater to both the Indian Armed Forces and international customers, especially in friendly nations across Asia and Africa.

Aligned with India’s Vision: Atmanirbhar Bharat & Make in India
This collaboration aligns strongly with the Government of India’s vision to reduce defence import dependency. Under the flagship Make in India and Atmanirbhar Bharat initiatives, the focus is on boosting domestic manufacturing of critical military systems, including ammunition, drones, electronic warfare systems, and missiles.
The Vulcano project directly supports this by:
Reducing Reliance on costly foreign imports
Building Indigenous capability for precision-guided munitions
Enabling technology transfer and upskilling of the Indian defence workforce
According to industry estimates, India currently imports 60-70% of its high-precision defence equipment. This project aims to reverse that trend significantly.

Economic Impact: ₹10,000 Crore Revenue and Job Creation
Reliance Infra has projected that the partnership could generate revenues worth ₹10,000 crore over the next several years, driven by procurement from Indian defence forces and export opportunities.
Economic benefits include:
Large-scale employment generation in Maharashtra’s Defence Corridor
Ancillary growth for component manufacturers and MSMEs
Creation of a strong framework for artillery systems
Given the rising demand for long-range guided artillery shells in modern warfare, the global export market for such munitions is estimated to exceed $3 billion annually—a significant portion of which India could now aim to tap.

Defence Exports: India’s Rising Global Profile
This deal also represents India’s emergence as a global defence manufacturing hub. With the Defence Ministry setting a target of $5 billion in defence exports by 2025, Reliance’s partnership with Diehl is expected to contribute meaningfully.
India has already begun exporting BrahMos missiles, bulletproof jackets, naval patrol vessels, and surveillance systems. Vulcano 155 adds to this growing list of indigenous, high-value, export-ready products.
Nations in West Asia, Southeast Asia, and Eastern Europe that use NATO-compatible systems are potential customers for the Vulcano munitions once Indian manufacturing stabilizes.

Defence Sector Outlook: Private Sector’s Role Expands
The Indian defence sector has undergone a paradigm shift, with the private sector playing an increasingly critical role. From Larsen & Toubro to Tata Advanced Systems and Bharat Forge, companies are entering high-tech defence segments, traditionally dominated by public sector undertakings (PSUs).
Reliance Defence’s move into guided munitions represents a strategic shift from legacy systems to advanced, precision-based warfare capabilities. The successful implementation of this deal could pave the way for further joint ventures in air defence systems, loitering munitions, and anti-drone technologies.

Leadership Commentary
Anil Ambani, Chairman of Reliance Infrastructure, stated:
“Our partnership with Diehl Defence marks a transformational step in enhancing India’s defence self-reliance. The Vulcano project is not just about manufacturing ammunition—it’s about building long-term, strategic capabilities aligned with the vision of Atmanirbhar Bharat.”
A spokesperson from Diehl Defence added:
“India is a key strategic partner, and this collaboration allows us to combine German precision engineering with India’s growing defence industrial base for mutual benefit.”

What’s Next?
Following CCI and MoD clearances, the project will move toward:
Factory establishment and infrastructure setup
Technology and equipment transfer
Initial prototype production for trials by Indian armed forces
The initial production of domestically produced Vulcano munitions is anticipated by mid-2026, followed by a gradual increase in commercial manufacturing.

Conclusion
The strategic collaboration between Reliance Defence and Diehl Defence is a watershed moment for India’s indigenous defence ambitions. With the potential to generate ₹10,000 crore in revenue and significantly reduce dependency on imported precision munitions, the project represents a win-win for national security, economic development, and technological advancement.
As India moves toward becoming a net defence exporter, deals like these are set to redefine its role in the global defence ecosystem, turning vision into capability and policy into performance.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Oswal Pumps Announces IPO Price Band: Detailed Overview and Market Insights

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