The Vadhvan Port Project Ltd.,located a hours north of Mumbai is set to become India's largest port, plans to raise $3.6 billion in debt to fund its development. This initiative is a cornerstone of Prime Minister Narendra Modi's infrastructure overhaul. The project owners are seeking 15 to 20-year debt from both...
Shapoorji Pallonji Group Secures $3.4 Billion Credit
Mumbai headquartered Shapoorji Pallonji Group, a real estate and construction conglomerate, finalized a $3.4 billion private credit agreement. This marks the largest private credit deal of its kind in India to date. The agreement involves a three-year, zero-coupon rupee bond with an annual yield of 19.75%, and the proceeds will...
Apple Expands Retail Footprint in India
Apple is significantly expanding its retail presence across India with four new stores planned in key metropolitan areas. The Noida and Pune locations have already been confirmed, while Bangalore and Mumbai stores are in development. These new locations will complement Apple's existing stores and will strengthen the company's footprint in...
Tesla Seeks Registrations of Models 3 and Y in India
Tesla is making strides toward launching in India, with its subsidiary Tesla India Motor & Energy now seeking homologation and certification for two electric vehicles: the Model Y and Model 3. Homologation examines whether vehicles meet all local regulatory requirements, covering everything from structural integrity and safety systems to emissions...
India’s Bizongo Secures Funding from LA investor, others
Bizongo, an AI-powered B2B e-commerce platform, announced the appointment of Prahlad Krishnamurthi as its new Chief Executive Officer, effective immediately. Krishnamurthi replaces company founder Sachin Agrawal, who will remain on the board while the new CEO takes over operational leadership. The Bangalore-headquartered company has simultaneously secured $4.5 million in additional...
India Joins Eurodrone Program and Enhances Naval Capabilities
India has been granted observer status in the four-nation Eurodrone program. This project, launched by Italy, France, Germany, and Spain, and managed by the Europe-based contracting agency OCCAR, aims to build a Medium Altitude Long Endurance (MALE) drone to give Europe greater autonomy in the drone sector. India joins Japan...