India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
NEW DELHI: MARS Growth Capital, a joint venture between Liquidity Group and MUFG Bank, has extended terms of the existing financing of $100 million in Infra.Market by another five years and also enhanced the financing amount by an additional $50 million. Northcote Luxe FinBrokers were the advisors to Infra.Market for this transaction. This is company's second fund raising for the year. It had raised approximately $125 million in series D financing round earlier this year. Founded in 2016, Infra.Market is a building materials platform.
New Delhi, Sep 29 (PTI) Homegrown Premier Energies on Monday announced securing multiple solar contract worth USD 19.95 million (around Rs 177 crore) Republic of Benin, West Africa. These projects are part of a national initiative by the Government of Benin to expand access to reliable, sustainable clean energy, Premier Energies said in a statement. Implementation will be carried out by Premier Energies in collaboration with the General Directorate of Energy Planning and Rural Electrification, under the Ministry of Energy, Water and Mines, Republic of Benin. The scope of the contracts cover ...Read More >
Bengaluru: Infra.Market secured $150 million as debt from Mars Growth Capital, a joint venture between MUFG Bank and AI-based private credit firm Liquidity.The deal includes a five-year extension of its existing $100 million facility and an additional $50 million credit line. This is the company's second fundraising this year, following a $125 million equity round. Founded in 2016, Infra.Market operates a tech-enabled building materials platform that caters to institutional and retail buyers. The company offers more than 15 product categories ranging from concrete and steel to appliances and m ...Read More >
NEW DELHI: Four people died in Himachal Pradesh as rain continues to wreak havoc in the state, while five were swept away in Rajasthan's Kota at a barrage after a heavy downpour caused the authorities to release water from a reservoir. In Himachal, more than 200 roads are out of bounds for vehicular traffic, a majority of them in Mandi, while a flash flood warning has been issued for 12 districts in Jharkhand. An individual each drowned in Kullu and Kangra districts, one died after being bitten by a snake in Bilaspur, while one was killed after falling from a height, the State Emergency Oper ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Padukone reshared a video of cricketer Jemimah Rodrigues, in which the athlete opened up about her struggl ...Read More >
Mumbai, Jun 30 (PTI) Building material platform Infra.Market has raised USD 50 million from MARS Growth Capital for growth of its business. In a statement on Monday, Infra.Market said MARS Growth Capital has "extended terms of the existing financing of USD 100 million by another five years and also enhanced the financing amount by an additional USD 50 million." This additional financing by MARS in Infra.Market takes its total investment up to USD 150 million, it added. "This is the company's second fund raising for the year. The company had raised approximately USD 125 million (Rs 10 billion ...Read More >
New Delhi, Jul 7 (PTI) JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore (~USD 2.1 billion). The fund was mobilised from three cash/debt mutual fund schemes -- JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset Mana ...Read More >
New Delhi: Signature Global's latest performance signals a decisive shift toward financial discipline and expansion, with the real estate developer tightening its balance sheet while preparing for new growth avenues. The company's net debt dropped sharply to Rs 2.0 billion at the end of FY26 from Rs 8.8 billion a year earlier, marking a 77 percent decline. This substantial deleveraging reflects tighter financial management and improved cash flows. With cash and cash equivalents at Rs 27.70 billion as of March 31, 2026, the company now holds a significantly stronger liquidity position, giving ...Read More >
Mumbai, Jun 30 (PTI) Building material platform Infra.Market has raised USD 50 million from MARS Growth Capital for growth of its business. In a statement on Monday, Infra.Market said MARS Growth Capital has "extended terms of the existing financing of USD 100 million by another five years and also enhanced the financing amount by an additional USD 50 million." Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 30, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. This additional financing by MARS in Infra.Market takes its total invest ...Read More >
Bhubaneswar: Hundreds of junior school teachers from across the state Friday staged a protest here demanding regularisation of their services and withdrawal of contractual appointment system. Holding posters and banners against the contractual appointment of junior teachers in schools, the teachers, including women, demonstrated at Mahatma Gandhi Marg here. The teachers, representing various schools across the state, demanded immediate regularisation of their posts and scrapping of the contractual appointment system for junior teachers in schools. "We are getting a monthly salary of Rs 16,000 ...Read More >
Mumbai: MARS Growth Capital has infused an additional $50 million in Infra.Market and extended the term of its existing financing of $100 million by five years as the building materials platform prepares for an initial public offering later this year. MARS, a joint venture between private credit firm Liquidity and MUFG Bank, has invested about $150 million in the IPO-bound company with this transaction, Infra.Market said in a statement on Monday. The first tranche of $100 million, which had a three-year tenure starting in 2022, was predominantly used towards making paints and tiles. The ad ...Read More >
Hyderabad : Jio BlackRock Asset Management Private Limited (JioBlackRock Asset Management) - a 50:50 JV between Jio Financial Services Limited (JFSL) and BlackRock - announces the successful closure of its maiden New Fund Offer (NFO), recording a total investment of Rs. 17,800 crore (~USD 2.1 billion), across three cash/debt mutual fund schemes - JioBlackRock Overnight Fund, JioBlackRock Liquid Fund and JioBlackRock Money Market Fund. The three-day NFO, which was launched on June 30, 2025, attracted investments from over 90 institutional investors, reflecting confidence in JioBlackRock Asset ...Read More >