JSW MG India Places ₹40B in EV Bets During a Profit Decline
JSW MG India is injecting as much as ₹40 billion (approx. $441 million) over the next few years to expand its manufacturing capacity and shift its product lineup to New Energy Vehicles (NEVs). This is an aggressive move to double its production capacity to 300,000 units per year and gain…
Regtech Startup Idfy Gets Rs 476 Cr From Current Investors & Neo Asset Management
Mumbai-based regtech company Idfy has secured Rs. 476 crore (~USD 52 million) in a recent funding round, led by Neo Asset Management’s Neo Secondaries Fund, along with existing investors Blume Ventures, Analog Capital, Elev8, and so on. According to the Ministry of Corporate Affairs filings, the round saw a combination…
Honeywell and TCS collaborate to expand AI-powered operations
Tata Consultancy Services and Honeywell have collaborated to form a strategic partnership aimed at facilitating the adoption of AI-based autonomous operations within buildings and industries. This strategic partnership seeks to enable the connection of IT and OT, thereby promoting decision-making based on information obtained in real-time. With the dynamic and…
Inox Clean Energy Bets on Secured Infrastructure as It Expands to Africa
The joint venture of Inox Clean Energy Services Limited and RJ Corp seeks to venture into the renewable energy space in Africa through the acquisition of Skypower Services MENA Ltd. The company seeks to add 570 MW of solar power capacity within the first phase, backed by sovereign power purchase…
