BUSINESS
Mukesh Ambani says Reliance Industries will more than double its EBITDA by 2027
Outlining the group’s 'Value Creation Roadmap', Mukesh Ambani said the focus will be on building new growth engines while strengthening existing businesses to ensure sustained, long-term value creation.
BUSINESS
Hinduja group to invest $3-4 billion to triple renewable capacity to 10 GW by 2030
Its current portfolio of 3 GW is backed by long-term power purchase agreements (PPAs) with central agencies such as SECI (Solar Energy Corporation of India) and NTPC.
BUSINESS
Veritas Finance delays Rs 2,800-crore IPO as US tariffs sour sentiment for MSMEs
Veritas Finance provides working capital loans to MSMEs in urban and semi-urban areas as well as other as affordable housing loans, used commercial vehicle loans and small business loans in rural areas, focusing on MSME space
BUSINESS
InvIT IPOs gain momentum with deals worth over Rs 20,000 crore in the pipeline
India’s InvIT market has seen just four IPOs after the first such trust, IRB InvIT Fund, went public in 2017
BUSINESS
Will look at IPO in 12-18 months; scaling wealth and NBFC current priority: Ajay Garg of Equirus
"As we become a more robust platform, the next logical step is the capital markets. In the next 12 to 18 months, we will seriously look at an IPO. Of course, we want to stabilise the NBFC business and consolidate other areas first. But yes, an IPO is on the cards," said Garg
BUSINESS
Singapore’s GIC may invest over Rs 1,000 crore in IRB InvIT Fund to acquire road assets
IRB InvIT Fund and IRB Infrastructure Trust - the private InvIT of IRB group with Singapore sovereign wealth fund GIC - had in May 2025 entered into a non-binding offer for transfer of the latter’s three BOT (build, operate, transfer) highway assets.
BUSINESS
Avendus Future Leaders Fund leads Rs 300-cr investment in Aragen Life Sciences
This marks FLF III’s second investment, the first being its investment in La Renon Healthcare earlier this year.
BUSINESS
ChrysCapital buys 85% stake in Theobroma, targets expansion in eastern India
The transaction signals the first buyout in the consumer sector for the private equity firm.
BUSINESS
NHAI begins work on Rs 10,000-crore InvIT IPO, to appoint legal advisers soon
This will be the second InvIT from NHAI that operates a private InvIT, National Highways Infra Trust, anchored by global investors CPP Investments and Ontario Teachers’ Pension Plan
BUSINESS
IPO-bound insurtech firm Turtlemint converts to public company ahead of filing draft documents
Turtlemint is expected to file its draft red herring prospectus soon. The firm is looking to raise up to Rs 2,000 crore through the share sale
BUSINESS
Tata Capital kicks off investor roadshows for Rs 17,000-crore IPO
Tata Sons, promoter of the NBFC, is expected to offload up to 23 crore shares, while International Finance Corporation will sell up to 3.58 crore in what is expected to be the biggest public offer of the year
BUSINESS
Brookfield’s CleanMax, KKR-backed Hero Future Energies may file draft IPO papers by next week
Hero Future Energies is looking to raise around Rs 4,000 crore and CleanMax around Rs 5,000 crore
BUSINESS
ICICI Venture exits Epack Durable, sells shares in open market
ICICI Venture sold 36.38 lakh shares of Epack Durable, a shareholding of 3.79 percent, through open market trades between March 24 and July 31
BUSINESS
KKR may sell up to $300-million stake in Vertis Infrastructure Trust
KKR has a 71.66 percent stake followed by Ontario Teachers’ Pension Plan, which holds 24.99 percent in the roads infrastructure investment trust
BUSINESS
Tata Motors targets €1 billion equity raise to repay Iveco acquisition debt in four years
The company is acquiring the commercial vehicle business of Iveco, excluding its defence business, through a voluntary tender offer at €14.1 per share, backed by bridge financing commitments from Morgan Stanley and MUFG.
BUSINESS
Syrma SGS picks i-banks for Rs 1,000-crore QIP
The Chennai-based electronics manufacturing services company plans to use for capex as well as acquisitions
BUSINESS
Trump imposes 25% tariff: Textiles, jewellery, pharma, electronics face threat; India Inc hoping for relief in trade deal
The 25 percent tariff is higher than the tariffs for countries that have reached some agreement with the US on tariffs and trade barriers such as European Union (15 percent) and UK (10 percent) and some of the south east Asian nations such as Indonesia (19 percent), Philippines (20 percent) and Vietnam (20 percent), which compete with India.
BUSINESS
KKR, Cube road InvITs plan IPO, may raise up to Rs 5,000 crore each
The move is aimed at tapping a wider pool of investors to meet growth capital requirements amid a rising demand for high-yield generating assets
BUSINESS
India’s biggest warehouse owner IndoSpace picks bankers for $1-billion IPO
IndoSpace’s plans to tap the public market comes as warehousing companies, which had explored the InvIT route to monetise assets, are now opting to raise funds through IPOs due to lower investor demand
BUSINESS
Blackstone-backed Bengaluru developer Bagmane planning Rs 4,000-crore REIT IPO
This will be the fifth office REIT in the Indian markets after Embassy Office Parks, Mindspace Business Parks, Brookfield India and Blackstone-backed Sattva group’s Knowledge Realty Trust, which filed its documents earlier this year
BUSINESS
Domestic capital must anchor India’s PE future: Gaja Capital’s Gopal Jain
While foreign capital will continue to play an important role, domestic capital must become the foundation, the PE firm's chief executive officer and managing director tells Moneycontrol
BUSINESS
GMR Airports planning to raise up to Rs 6,000 crore to refinance debt; may tap mutual funds
GMR Airports' standalone net debt at the listed company level, excluding the airport subsidiaries, was at approximately Rs 5,700 crore at the end of FY25
BUSINESS
Tata Sons plans $400-mn fund infusion into struggling e-commerce biz Tata Digital
Tata Sons will leverage its dividend income from TCS for the investment in Tata Digital and is unlikely to dilute any stake in TCS, sources said.
BUSINESS
360 ONE WAM promoters, employees cash in on post-UBS deal rally, sell shares worth Rs 483 crore
The 360 One WAM stock has surged nearly 26 percent since April 22, when the acquisition was announced
