An IndiGo flight from Pune to Hyderabad was rerouted to Vijayawada because of heavy air traffic. The flight landed safely later. Separately, an Air India flight from Haneda to Delhi made an unscheduled landing in Kolkata. This was due to high cabin temperatures. Passengers are receiving support, and alternative travel arrangements to Delhi are underway….
Month: June 2025
Torrent Pharma will acquire a controlling stake in JB Chemicals from KKR. The deal values JB Chemicals at Rs 25,689 crore. This merger will elevate Torrent to fifth position in the Indian pharmaceutical market. KKR is expected to gain a fivefold return on its 2020 investment. The combined entity aims for significant revenue and profitability…
Manipal Health Enterprises is leading the acquisition race for Sahyadri Hospitals with a bid of Rs 6,838 crore, closely followed by Blackstone. This intense interest highlights the ongoing consolidation in India’s hospital sector. Manipal’s potential acquisition of Sahyadri would provide a strategic foothold in western India, complementing its aggressive expansion strategy.
Foxconn’s new iPhone factory in India signals a significant shift in Apple’s manufacturing strategy, driven by a desire to diversify beyond China. This $2.5 billion investment is creating jobs and transforming the region, attracting businesses and skilled workers. While India aims to become a global manufacturing hub, challenges remain in localising the supply chain and…
HVR Solar Pvt Ltd has launched a 2GW annual production facility in Sonipat, Haryana, marking a significant step in India’s renewable energy sector. The plant, focusing on advanced N-Type Topcon bifacial technology modules up to 715Wp, aims to meet growing demand and reduce import dependence. Operations are set to commence in Q3 2025, creating jobs…
Godrej Properties has expanded its footprint in North India by acquiring a 43-acre land parcel in Panipat, Haryana. The company anticipates generating over Rs 1,250 crore in revenue through the sale of residential plots within this development. This project marks Godrej Properties’ entry into Panipat and its fourth residential plotted township in the region.
Co-working spaces see a surge in demand across major Indian cities. Operators leased 65 lakh square feet of office space in the first half of the year. This marks a 48 percent increase compared to last year. Corporates are driving this growth, seeking flexible and managed workspaces.
Inox Neo Energies, a subsidiary of Inox Clean Energy, has finalised the acquisition of Skypower Solar India for ₹265 crore. This acquisition includes a 50 MW (AC)/57.5 MW (DC) solar power asset located in Madhya Pradesh. The project, commissioned in FY18, operates under a 25-year power purchase agreement with Madhya Pradesh Power Management Company Ltd.
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