Adani Electricity Mumbai Ltd has been assigned a AAA credit rating by India Ratings, placing the private power distributor on par with India’s sovereign credit profile and marking a notable turnaround for a utility that was acquired from a financially distressed seller just eight years ago. The rating agency cited strong regulatory support, improving financial […]
TVS Emerald, the real estate arm of the TVS Group, has secured a ₹425 crore investment from the International Finance Corporation (IFC) to develop housing projects in Chennai and Bengaluru. A part of the investment will be used to develop over 4,500 premium apartments, the company said in a statement. TVS Emerald has secured a […]
Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, Nachi, Pioneer, and Komatsu, in Bengaluru, leasing 21,000 sq ft of office space to them, the company said on December 7. Urban Vault, a managed workspace provider, has expanded its enterprise portfolio by onboarding three major Japanese firms, […]
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure arm of the Mahindra Group, will redevelop a 1.53-acre housing society in Matunga, Mumbai, with an estimated revenue potential of ₹1,010 crore, further strengthening its presence in the city’s micro market. In a regulatory filing on December 3, the company said it has been chosen […]
Casagrand said on November 20 that it has entered into a strategic investment deal with Blackstone under which the US-headquartered alternative investment firm had agreed to invest ₹700 crore to develop a 4.2 million sq ft of industrial and warehousing infrastructure near Chennai, according to the company statement. Casagrand said on November 20 that global […]
Nvidia Corp. has joined Indian and US investors backing deeptech startups in the country that’s home to the world’s largest internet population outside of China. Nvidia CEO Jensen Huang. Nvidia is a founding member of India Deep Tech Alliance that seeks to attract funding for local deeptech startups. (Reuters) The India Deep Tech Alliance has […]