BANKING & FINANCE Bank Of America To Invest ₹18,268 Cr For 49.9% Equity Stake In Jio Credit

Bank of America Corp (BofA) has agreed to invest ₹18,268 crore in Jio Credit Ltd (JCL), a wholly owned subsidiary of Jio Financial Services Ltd (JFSL), to acquire up to 49.9% stake in the company. The investment will be through a preferential allotment of equity shares and warrants. BofA will initially acquire a 26.5% equity […]

CW Bureau · Aug 13, 2026

HOSPITALITY Leela Palaces Proposes To Invest ₹185 Cr In Ayodhya Hotel Subsidiary

Leela Palaces Hotels & Resorts Ltd has proposed to invest up to ₹185 crore in its subsidiary Buildminds Real Estate Pvt Ltd through subscription to Compulsorily Convertible Preference Shares (CCPS). Buildminds, incorporated on April 23, 2024, is developing an upcoming five-star hotel in Ayodhya. The investment will support its capital requirements and ongoing business operations. […]

CW Bureau · Aug 10, 2026

GENERAL GMR Airports Acquires 49% Stake In Goa Airport Advertising Venture

GMR Airports Ltd (formerly GMR Airports Infrastructure Ltd), a leading airport infrastructure company, has entered into an agreement to subscribe to up to 49% of the share capital of TIM Goa Airport Advertising Pvt Ltd (TGAAPL) for a cash consideration of ₹16.59 crore. The investment will be made through equity, loan, convertible instruments or a […]

CW Bureau · Aug 7, 2026

RETAIL/FMCG Parag Milk Okays ₹105 Cr Investment To Double Cheese Capacity By FY28

Parag Milk Foods Ltd (PMFL), a leading dairy FMCG company, has approved an investment of ₹105 crore to double its cheese manufacturing capacity to 120 tonnes per day by FY28, to be funded through a mix of internal accruals and debt. The expansion will strengthen PMFL’s position in India’s fast-growing value-added dairy segment. It forms […]

CW Bureau · Aug 7, 2026

ECONOMY Global Cos, Australian Varsity Choose TN; MoUs Create Nearly 3,000 Jobs

Tamil Nadu has sharpened its strategy of becoming India’s preferred destination for knowledge-led investments, signing a series of memoranda of understanding (MoUs) with global corporations and an international university that will bring global capability centres (GCCs), a research and development (R&D) hub, advanced manufacturing and the State’s first international university campus. The agreements, signed in […]

CW Bureau · Jul 30, 2026

AUTO Eicher Motors Approves ₹1,225-Cr Investment For Tada Plant Phase-I

Eicher Motors Ltd has approved an investment of ₹1,225 crore for Phase I of its proposed greenfield manufacturing facility at Tada in Andhra Pradesh, as it prepares to expand Royal Enfield’s production capacity to meet future demand. The Phase I investment, to be funded through internal accruals, will create an additional annual production capacity of […]

CW Bureau · Jul 29, 2026

BANKING & FINANCE Neo Group Secures ₹350 Cr In New Funding Led By Peak XV Partners

Integrated wealth and asset management platform Neo Group has signed definitive agreements to raise approximately ₹350 crore in a funding round led by Peak XV Partners, reinforcing investor confidence as the company accelerates its next phase of expansion. The latest investment marks a deeper commitment from Peak XV Partners, Neo Group’s earliest institutional investor. The […]

CW Bureau · Jul 16, 2026

INFRASTRUCTURE JSW Steel Begins Work On ₹4,500-Cr Rayalaseema Integrated Steel Plant

JSW Steel Ltd has commenced work on its ₹16,350-crore integrated steel project in the Rayalaseema region of Andhra Pradesh. The project will be implemented by JSW Rayalaseema Steel Ltd, a wholly-owned subsidiary of JSW Steel, in two phases with a total capacity of 2 million tonnes per annum (MTPA). Investment plan The first phase involves […]

CW Bureau · Jul 3, 2026

MANUFACTURING Adani Enterprises, IHC To Invest ₹1.08 Lakh-Cr In Odisha Aluminium Project

Adani Enterprises Ltd (AEL) and International Resources Holding (IRH), an IHC Group company, through 2PointZero, will form a 50:50 joint venture to develop an integrated greenfield aluminium project in Odisha. The proposed investment of about ₹1.08 lakh crore is expected to be Odisha’s largest foreign direct investment (FDI) proposal and India’s largest FDI in the […]

CW Bureau · Jul 3, 2026

GENERAL Zydus Lifesciences To Invest $20 Mn In Sri Lanka Pharma Production JV

Zydus Lifesciences Ltd, an innovation-driven global lifesciences company, has entered into a share subscription and shareholders’ agreement with Sunshine Healthcare Lanka Ltd to establish a pharmaceutical manufacturing facility in Sri Lanka with an investment of $20 million. The joint venture, Zydus Sunshine Lifesciences Pvt Ltd, will be set up at the Board of Investment zone […]

CW Bureau · Jun 26, 2026

MANUFACTURING Tube Investments, N Govindarajan To Invest ₹100 Cr In 3xper Innoventure

Murugappa group firm Tube Investments of India Ltd (TII) has entered into a supplementary agreement with 3xper Innoventure Ltd and N Govindarajan to invest ₹75 crore by TII and ₹25 crore by Govindarajan respectively, in compulsorily convertible preference shares (CCPS) of the company. TII subsidiary 3xper operates in the contract development and manufacturing organisation (CDMO) […]

CW Bureau · Apr 23, 2026

RETAIL/FMCG Baazar Style Retail Gets Fresh Capital Of ₹83 Cr From Cupid For Expansion

Cupid Ltd, a diversified healthcare and consumer products company, has invested about ₹83 crore of its total investment of ₹331.53 crore in Baazar Style Retail Ltd, one of India’s fast-growing value fashion retailers. The investment comes through the allotment of 1.01 crore warrants, convertible into equity shares, representing a 25% stake in Baazar Style, aggregating […]

CW Bureau · Apr 4, 2026