EV maker eyes fresh capital as it rolls out long-range scooter The company behind the newly launched Simple Ultra scooter is lining up fresh funding, largely from international backers and existing investors, in what its chief executive says could be the startup’s first round with institutional participation. The move comes as the firm launches a … Read more
Fund Secures ₹1,290 Crore at First Close, Aiming for ₹1,500 Crore with Green-Shoe Option A recently launched investment fund has completed its first close with commitments totalling about ₹1,290 crore. The fund is targeting a final corpus of ₹1,500 crore and has a green‑shoe option that could lift the total capital to an additional ₹1,000 … Read more
Acquisition signals a shift in India’s commercial and industrial power landscape A recent acquisition in the commercial and industrial (C&I) power sector highlights a broader trend: businesses in India are increasingly turning to private clean-energy suppliers. This shift is reshaping how companies buy electricity and creating a fast-growing market for independent renewable producers, energy service … Read more
A short clip from the 2017 documentary Becoming Warren Buffett has recently been making the rounds on social media. Viewers were struck not by a dramatic revelation, but by something surprisingly ordinary: the famed investor’s relaxed breakfast habits. The scene flies in the face of the tidy, hyper-structured morning routines often shared as the secret … Read more
Company seeks up to $1 billion loan ahead of possible Chapter 11 filing Saks Global Enterprises is lining up a loan of as much as $1 billion to help finance its operations as it prepares for a potential Chapter 11 bankruptcy filing in the coming weeks, people familiar with the matter say. The financing would … Read more
The acquisition of Grofers for around ₹4,447 crore in an all-stock deal marked a notable step in the consolidation of India’s online grocery and quick-commerce landscape. At the time of the deal, Grofers had been known for working primarily on a next-day delivery model, a contrast to the emerging demand for faster, on-demand grocery fulfilment. … Read more
Jugaad — a Hindi word often translated as clever fix or improvisation — is getting a fresh look for a world that prizes speed, sustainability and scale. A new book argues that this frugal, make-do mentality can be reshaped into a disciplined approach to innovation that works across global markets, not just in resource-constrained settings. … Read more
Government likely to target 10% capex growth in the budget, says L&T CFO The chief financial officer of a leading infrastructure and engineering firm has signalled expectations that the government will aim for around 10% growth in capital expenditure (capex) in the upcoming budget. Such a move would reinforce the authorities’ focus on investment-led growth … Read more
Mandatory CSR and investor sentiment: a fresh look Researchers at an Indian management institute have raised concerns that mandatory corporate social responsibility (CSR) requirements may dent investor confidence in listed companies. The study examines how making CSR spending compulsory changes the way markets and shareholders view corporate decisions, and why a well-intended policy can have … Read more
CEO publishes earnings fact sheet after creator raises questions The chief executive released a fact sheet detailing how delivery partners earn, following public questions from a high-profile content creator about the company’s pay practices. The move aimed to address concerns about transparency and to explain how pay is calculated across different types of orders and … Read more