Hexaware Acquires CyberSolve to Strengthen Global Identity Security and AI-Driven Cyber Resilience

Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today announced it has acquired CyberSolve, a global specialist in identity and access management (IAM) solutions. Together, the companies will help enterprises modernize identity foundations, automate controls with artificial intelligence (AI), and run secure operations across complex, hybrid technology estates.

Across boardrooms, chief information officers cite cybersecurity as a top priority, as trusted digital identity—and the governance, risk, and compliance frameworks around it—now underpin every transformation, from cloud adoption and application modernization to data protection and workforce productivity.

CyberSolve brings nearly a decade of focused work in large identity programs, with 230+ specialists, 20+ IAM tech alliances, and 650+ implementations across sectors including retail, healthcare, pharma, automotive, financial services, logistics, government, and technology. Its teams are known for fast, reliable app onboarding, smooth platform migrations, and audit-ready operations. Hexaware adds consulting depth, engineering excellence, and 24x7 cybersecurity and resilience operations, spanning GRC, cloud security, and DevSecOps—helping clients move from isolated fixes to an integrated identity capability that reduces risk and accelerates growth at global scale.

“Cybersecurity has moved from an IT concern to a business imperative, and chief information officers tell us that getting identity right is at the top of the agenda,” said Siddharth Dhar, President & Global Head – Digital IT Operations & AI, Hexaware. “By bringing CyberSolve into Hexaware, we combine their craftsmanship in identity programs with our platform-led delivery and global operations. Clients will see faster value, stronger controls, and a clearer path to secure digital growth.”

“Our mission has always been to inspire trust in every digital interaction,” said Mohit Vaish, CEO, CyberSolve. “Joining Hexaware allows us to scale that mission—expanding our reach, applying AI more deeply, and creating measurable security outcomes for enterprises worldwide.”

Atul Agrawal, Managing Partner, CyberSolve, said, “We’re truly delighted to join Hexaware. The combined strengths of our IAM expertise and Hexaware’s AI-first operations create tremendous potential to redefine how global enterprises approach digital identity and security.”

Shubham Khandelia, Managing Partner, CyberSolve, added, “This is an exciting milestone for our people and clients alike. Together, we can deliver broader capabilities, faster innovation, and stronger assurance, building on our shared commitment to trust and excellence.”

Client organizations also welcomed the announcement. Chris Lugo, VP – CISO, Blue Cross Blue Shield Association, said, “CyberSolve has consistently helped bring clarity and momentum to complex initiatives. With Hexaware, they’ll have the scale and structure to deliver even greater impact. I’m excited to see what the two teams achieve together.”

The combined team will focus on what leaders need most today, delivering accurate and effective identity security, dependable operations, and easier adoption of change across large enterprises, resulting in faster onboarding, smoother migrations, continuous compliance, and secure work from anywhere.

Proventus Agrocom Limited (ProV) Reports Strong H1FY26 Results, Brand Revenue of INR 283 crs up 33% YoY

Wholesome Nutrition Based Products Scaling New Heights Building for tomorrow

• Expanded Beyond Core Dry Fruits into Wholesome Nutrition Based Products
• Brand revenue of INR 283 cr up 33% YoY; PAT INR 6.68 cr up 37% YoY; up 164% from H2 FY25
• Expanded beyond core dry fruits into wholesome nutrition-based products
• Brand revenue up 33% YoY to ₹283 cr; nutrition-based products now ~50% of portfolio; poised for margin expansion
• Reaffirms commitment to ₹1000 cr brand revenue target by FY28

Half year ended September 2025 highlights

• Revenue (Consolidated): ₹390 cr, up 32% YoY
• ProV brand revenue sales: ₹283 cr, up 33% YoY
• Gross margins: Improved to ~22.1% in H1 FY26 from 19.8% in FY25
• EBITDA: ₹9.17 cr vs ₹8.16 cr in H1 FY25 (+12%)
• PAT: ₹6.68 cr vs ₹4.87 cr YoY (+37%); vs ₹2.53 cr (+164%) from H2 FY25
• H1 EPS: ₹19.40

Proventus Agrocom Limited (NSE: PROV), one of India’s fastest-growing healthy snacking companies, announced its half-yearly results for H1 FY26, marking a defining phase in its growth journey, with a sharper focus on wholesome nutrition-based products.

The company reported brand revenue of ₹283 crore, up 33% YoY from ₹213 crore in H1 FY25, maintaining strong profitability despite a 2x increase in marketing and brand investments. Gross margins are set to rise to +22% by FY26 year end as the product mix continues shifting toward high-margin and wholesome nutrition-based products.

Redefining the healthy snacking space

Speaking on the results, Mr. Durga Prasad Jhawar, Managing Director, said:
“This marks the beginning — a transformation beyond traditional dry fruits into a full-fledged healthy snacking brand. Our product mix evolution, brand investments, and expanding distribution network are creating a sustainable foundation for scalable and profitable growth. We remain committed to achieving our ₹1000 cr brand milestone by FY28, with gross margins of 30%.”

Key highlights of H1 FY26 performance

Strong growth and brand momentum

• Brand revenue up 33% YoY; monthly run-rate exceeds ₹60 crore
• 12x brand growth in 4 years — on track to reach ₹575–600 crore by FY26 end
• Wholesome nutrition-based products now ~50% of portfolio

Evolving product portfolio

• Introduced 25+ new products — Flavoured Makhana, Healthy Bars, Trail Mixes, Nut Chocolates, Seed Mixes
• Broadened reach across customer categories with premium, modern-age offerings
• Portfolio shift toward high-margin categories, expected to drive sustained profitability

Strengthened channel presence

• Healthy sales mix across General Trade, Modern Trade, E-Commerce & Quick Commerce
• Enhanced visibility through multi-platform advertising, 1,000+ branded autos, targeted promotions, and strategic in-store activations
• Supported by a 350+ strong sales force

GST cut: A game changer

The recent GST reduction on dry fruits and related categories is expected to significantly boost the organized sector, benefiting both ProV and the healthy snacking industry at large.

“The GST rationalization brings affordability and wider accessibility to health-focused snacking — a direct tailwind for ProV’s evolving product portfolio,” added Mr. Deepak Agrawal, Chief Business Officer.

A transformative phase: Sustainable, scalable, and profitable growth

Despite a 2x increase in marketing spends, ProV has shown profitability growth and improved operating efficiency. This underlines its commitment to long-term brand building while ensuring financial discipline.

With deep-rooted distribution, a diversified portfolio, and expanding infrastructure, ProV is well-positioned to capture India’s booming healthy snacking market, estimated to grow at a double-digit CAGR over the next decade.

“We are not only growing — we are evolving. Our focus is on building a consumer-first brand that delivers both taste and nutrition, creating long-term value for consumers, partners, and stakeholders,” said Mr. Jhawar.

About Proventus Agrocom Limited (ProV)

ProV is an integrated health-food brand with a diversified portfolio spanning dry fruits, nuts, seeds, berries, and healthy snacks. Its “farm-to-homes” model ensures end-to-end control — from sourcing to distribution — delivering premium, nutritious products to millions of households.
The brand operates across General Trade, Modern Trade, E-Commerce, and Q-Commerce.
Corporate Identification Number: U74999MH2015PLC269390.

Safe harbour

This document may contain certain forward-looking statements, which are tentative, based on current expectations of the management of Proventus Agrocom Limited or any of its subsidiaries and associate companies (“ProV”). The results in future may vary significantly from the forward-looking statements contained in this document due to various risks and uncertainties. These risks and uncertainties include, inter alia, the effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of Proventus Agrocom Limited as well as its ability to implement the strategy. Proventus Agrocom Limited does not undertake any obligation to update these statements. This document is for information purposes only and any action taken by any person on the basis of the information contained herein is that person’s responsibility alone and Proventus Agrocom Limited or its directors or employees will not be liable in any manner for the consequences of such actions. The company regularly posts all important information at its website www.proventusagro.com

Axis Bank Partners with JSW MG Motor on Innovative Dual Loan Scheme Anchored in Battery‑as‑a‑Service Model

Axis Bank, one of the largest private sector banks in India, in collaboration with JSW MG Motor, has introduced an innovative Dual Loan program designed to make electric mobility more accessible and future-ready for Indian customers.

Anchored in MG’s pioneering Battery-as-a-Service (BaaS) model, this initiative allows customers to avail separate loans for the vehicle and its battery, significantly reducing the upfront cost of ownership. The program offers up to 100% on-road funding and flexible tenures of up to 8 years for the battery, turning conventional fuel expenses into predictable, long-term value, and making sustainable driving a practical, intelligent choice.

Commenting on the partnership, Munish Sharda, Executive Director, Axis Bank, said, “At Axis Bank, we are committed to offering customer-friendly solutions and driving innovation in vehicle financing. We are delighted to partner with JSW MG Motor India on the pioneering Dual Loan program, which enhances the EV financing ecosystem in India by providing smart and flexible options across segments. We are confident that this collaboration will help make greener choices more accessible to customers and support the wider adoption of electric vehicles.”

“For electric mobility to move from aspiration to adoption, we must make ownership both practical and progressive. The Dual Loan program builds precisely on that premise, separating the battery from the vehicle cost to give customers financial flexibility without compromise. Much like how consumers have embraced subscription models in technology, BaaS allows them to experience cutting-edge mobility with smarter economics. Together with Axis Bank, we’re turning innovation into everyday access, accelerating India’s journey towards a more sustainable future.” Said, Anurag Mehrotra, Managing Director, JSW MG Motor India.

BaaS (Battery-as-a-Service), launched in September 2024 by JSW MG Motor India, addresses one of the biggest barriers to EV adoption – the high upfront cost – by separating the cost of the battery from the vehicle. Building on this innovation, JSW MG Motor India and Axis Bank, who have been partners since 2019, have now introduced the dual loan financing, further strengthening their collaboration across channel and retail finance solutions.

This innovative financing solution not only makes EV ownership more affordable but also gives customers greater flexibility to upgrade their vehicles without being constrained by price. With Axis Bank as a financing partner, the program reaches a wider customer base and expands access to smart mobility solutions. Through this collaboration, JSW MG Motor India and Axis Bank aims to provide customers with greater choice and financial control, while also contributing to the growth of India’s EV ecosystem.

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. It has 5,976 domestic branches (including extension counters) and 13,177 ATMs and cash recyclers spread across the country as on 30th September 2025. The Bank’s Axis Virtual Centre is present across eight centres with over ~1,786 Virtual Relationship Managers as on 30th September 2025. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

About JSW MG Motor India

SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2023. The joint venture aims to build a smart and sustainable automotive ecosystem while staying focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, bringing the best of innovation across its business operations, and generating significant employment opportunities through extensive localisation.

Adani Enterprises to Exit Indonesian Subsidiary in USD 125 Million Deal with Dubai’s Energico FZCO

Adani Enterprises has announced it will divest its entire stake in PT Adani Global (Indonesia) to Dubai-based ENERGICO FZCO for USD 125 million, with completion expected by November 30, 2025.

Adani Enterprises filed a disposal/divestiture notice on November 6, 2025, confirming the sale of its stake in PT Adani Global (Indonesia) to ENERGICO FZCO for USD 125 million. Media outlets such as ScanX News reported the same details, citing the official filing and highlighting that the divested entity contributed only 0.83% of consolidated revenue and 1.11% of net worth.  

Key Highlights of the Transaction

• Seller: Adani Enterprises Limited (AEL), through subsidiaries in Mauritius and Singapore.
• Buyer: ENERGICO FZCO, a Dubai-based company not affiliated with the Adani Group.
• Deal Value: USD 125 million.
• Completion Timeline: Expected by November 30, 2025.
• Impact on AEL: PT Adani Global (Indonesia) contributed only 0.83% of consolidated revenue and 1.11% of net worth.

Strategic Context

• Portfolio Rationalization: Adani Enterprises has been restructuring global holdings, focusing on core infrastructure, energy, and digital ventures.
• Regulatory Compliance: Buyer is independent of Adani Group, ensuring clean regulatory clearance.
• Capital Allocation: Divestment frees up capital for high-growth projects such as airports, green hydrogen, and data centers.

Broader Implications

• Indonesia Exit: Marks a shift away from coal-linked operations in Southeast Asia, aligning with Adani’s energy transition narrative.
• Investor Sentiment: Small financial impact suggests strategic signaling rather than immediate balance sheet gains.
• Global Footprint: Adani Enterprises continues refining its international presence, balancing risk management with expansion in emerging sectors.

Why It Matters

This move underscores Adani Enterprises’ pivot toward cleaner, scalable businesses while trimming non-core assets. For investors and regulators, it signals a commitment to transparency and compliance in cross-border transactions.

How a Sustainability Business Model Can Unlock Long-term Profits

As businesses face increasing environmental challenges and shifting consumer expectations, sustainability business models are becoming a key factor in long-term success. Companies are realizing that sustainability isn't just about doing good for the planet; it can also unlock new opportunities for growth and increase profitability.

By focusing on energy efficiency, businesses can position themselves for long-term financial success. In this blog, we will read how adopting a sustainability business model can benefit companies and help them achieve lasting profitability.

What is a Sustainability Business Model?

A sustainability business model integrates environmental, social, and economic considerations into a company’s operations. It goes beyond just using green energy or recycling; it’s about creating a business strategy that benefits both the company and the world in the long run.

This model could include using renewable energy, reducing waste, and sourcing materials responsibly. By focusing on these factors, businesses can grow while also having a positive impact on the environment and society.

Why Sustainable Business Models Make Financial Sense

Embracing a sustainability business model is not just about environmental responsibility; it’s about making smarter decisions that support long-term profitability. Here’s why it makes financial sense:

Cost Savings: Implementing energy-efficient technologies, optimizing resource use, and reducing waste all contribute to lowering operational costs. These savings, once realized, can be reinvested into the business for further growth.

Regulatory Compliance: Governments are tightening environmental regulations, and businesses that adopt sustainability practices early are well-positioned to avoid penalties, comply with regulations, and remain competitive in a shifting landscape.

Stronger Brand Reputation: Consumers are usually drawn to brands that show they care about the planet. By prioritizing sustainability, businesses not only improve their reputation but also attract customers who value ethical and sustainable practices.

Attracting Investment: Investors are placing more value on businesses that show a commitment to sustainability. A sustainability business model makes companies more appealing to investors looking for long-term, responsible growth opportunities.

The Long-term Benefits of Sustainability

Adopting a sustainability business model isn’t just a short-term fix; it has long-term financial benefits:

Resilience: Sustainable businesses are more prepared for future challenges like resource shortages or price fluctuations in energy markets. They are more adaptable to the changes in global supply chains and regulations.

Innovation: Sustainability often drives innovation. Companies that focus on improving their environmental impact are more likely to find new ways to improve operations, develop new products, and create efficiencies that give them an edge over competitors.

Employee Engagement: Employees are also looking to work for companies that align with their values. A company that embraces sustainability is more likely to retain top talent, leading to improved productivity and a positive workplace culture.

How to Transition to a Sustainability Business Model

For businesses looking to adopt a sustainability business model, the transition can be done in several steps:

Assess Your Impact: Start by understanding your current environmental impact. Identify where you use the most energy, produce the most waste, or consume the most resources, and look for ways to reduce that footprint.

Engage Your Team: Sustainability requires buy-in from all employees. Encourage staff to contribute ideas, adopt sustainable practices in their work, and help foster a culture of sustainability across the organization.

Communicate Your Efforts: Transparency is key. Make sure your customers, investors, and other stakeholders know about the sustainability practices you are implementing. This helps in building trust and shows that you are serious about your commitment.

Partner with Experts: Collaborating with other businesses or experts who specialize in sustainability can help you implement the best solutions tailored to your needs. They can provide guidance, technology, and best practices to ensure your sustainability efforts are successful.

Unlocking Profitability with Sustainability

A sustainability business model is not just about being eco-friendly; it’s a smart strategy for ensuring long-term profitability. By reducing operational costs, improving efficiency, and building a strong brand reputation, companies can reap the financial rewards of sustainable practices. Furthermore, businesses that lead in sustainability create value for all stakeholders, from consumers to investors to employees.

To make this transition successful, it’s important to partner with trusted experts and sustainable technology providers. This partnership will help you implement effective solutions, stay up-to-date with industry trends, and ensure that your business is contributing to a sustainable and profitable future.

Spacewood Secures ₹300 Cr from A91 Partners to Accelerate Modular Furniture Expansion

Spacewood Furnishers Pvt. Ltd. (“Spacewood”), India’s leading modular furniture manufacturer and brand, has raised ₹300 crore in funding from A91 Partners, a marquee private equity firm focused on building consumer and growth-stage businesses in India.

The investment gives A91 Partners a significant minority stake in Spacewood and will fuel the company’s next phase of expansion, brand-building, and operational strengthening.

Speaking on the development, Mr. Kirit Joshi, Co-founder and Director, Spacewood, said: “We are excited to have A91 Partners on board. Beyond capital, they bring deep experience in scaling consumer brands, which will be invaluable as we embark on our next growth phase.”

Adding his perspective on the investment, Mr. Abhay Pandey, Partner at A91 Partners, said, “We are looking forward to the opportunity to partner with Kirit, Vivek, and Nitin in further building a dominant company in the large and growing market of home and office improvement.”

Founded in 1996 by Mr. Kirit Joshi and Mr. Vivek Deshpande, Spacewood has established itself as one of the most trusted names in India’s organised furniture sector. In 2011, Mr. Nitin Sudame joined as the founder of Spacewood Office Solutions (SOS), leading the company’s expansion into the office furniture segment.

With a focus on design innovation, durability, and craftsmanship, Spacewood has built a strong reputation as a full-home modular solutions provider.

For FY26 (estimated), the company expects to achieve group revenues of approximately ₹700 crore. With A91 Partners’ backing, Spacewood aims to accelerate its revenue trajectory, targeting 25–30% annual growth over the next five years with a focus on profitability. The funding will support technology upgrades, process automation, and talent acquisition to strengthen its operations and retail presence.

Spacewood operates one of India’s largest integrated furniture manufacturing facilities, spanning over 1 million sq. ft. and equipped with state-of-the-art panel and sheet metal processing technologies. Its diverse product portfolio covers modular kitchens, wardrobes, home furniture, pre-hung doors, and office furniture under the SOS brand.

Currently, Spacewood has 35+ exclusive stores across 20+ cities and a dealer network of 500+ partners in 150 towns and cities. It plans to expand to 100 stores nationwide in the next few years, further strengthening its omnichannel presence through platforms such as Amazon and Pepperfry.

Its enterprise business serves India’s largest corporates and real estate developers. The Spacewood Office Solutions division has delivered workplace solutions for more than 1000+ corporates with leading names such as Accenture, Capgemini, HDFC, and Adani Group. Besides, it works with leading educational institutions for their furniture. “We plan to expand to Tier 2 cities in the coming years,” said Nitin Sudame.

Meanwhile, its Sumai Doors division partners with 200 + developers in India with leading names such as Godrej Properties, DLF, Lodha, M3M, Kolte Patil, and more, reinforcing its credibility in the B2B space.

With this investment, Spacewood will continue to strengthen its leadership in the mass-premium and premium furniture categories, catering to design-conscious consumers seeking modern, functional, and aesthetic living solutions

Tata Elxsi and GSMA Collaborate to Deliver Enterprise-Ready Network APIs Under Open Gateway Framework

Tata Elxsi, a global leader in design and technology services, and global mobile industry association, the GSMA have signed a Memorandum of Understanding (MoU) under the GSMA Fusion initiative to help accelerate enterprise API adoption. The collaboration also includes a global Statement of Requirements which aims to help mobile operators unlock new revenue streams by monetizing their networks through standardized APIs, enabling enterprise-ready services across key industries such as automotive, industrial, healthcare, and entertainment.

The two organizations will first focus on supporting enterprise demand in the automotive and drone sectors for new digital services and applications that can benefit from standardized Quality on Demand (QoD) APIs and other relevant network APIs that are available and likely to become available soon.

Driving the Network Monetization agenda for Future ready Telcos

Network monetization is a core pillar of Tata Elxsi’s AI First Telco strategy, designed to help operators move beyond connectivity and capture high-value enterprise opportunities. According to a recent market forecast by ResearchAndMarkets.com, the global network API market is projected to grow from $1.96 Billion in 2025 to $6.13 billion by 2030, driven by 5G adoption and enterprise digital transformation. This collaboration strategically positions Tata Elxsi to support operators in accelerating time-to-market for API-driven services, simplifying integration, and unlocking new monetization opportunities across multiple enterprise verticals and use cases.

Through its connection with Tata Elxsi, GSMA will help mobile operators in their delivery of scalable, programmable network services—such as QoD, location verification, and enhanced security—driven by regional and industry-specific enterprise needs. Leveraging GSMA’s Open Gateway framework and CAMARA-standardized APIs, Tata Elxsi will develop demand-driven use cases that utilize network APIs to address specific enterprise needs across key verticals.

In the automotive sector, use cases such as enhanced driver and cabin monitoring, rear-seat entertainment powered by QoD network APIs, location-based services, and KYC for passengers or drivers in shared mobility and fleet operations will be delivered to enterprise customers through Tata Elxsi’s Connected Digital Platform & Solutions, ensuring seamless integration and efficient consumption of network APIs.

Rajagopalan Rajappa, Chief Technology Officer – Communication Technologies & Platforms, Tata Elxsi, said, “This collaborative effort is a strategic offering to help telcos transform their value and value proposition for the future. By enabling operators to monetize their networks through standardized APIs, we help them unlock enterprise revenue with best-in-class integration, platform services and managed offerings from Tata Elxsi.”

Paresh Modi, Senior Director, GSMA Fusion, added: “We look forward to working with Tata Elxsi through the GSMA Open Gateway initiative. Their deep enterprise knowledge and expertise in systems integration and software innovation will play an important role in accelerating the adoption of mobile network APIs. As the mobile industry opens up new network capabilities, companies like Tata Elxsi will be essential in helping us understand enterprise needs, unlock value and scale new digital services across sectors, from automotive to digital entertainment.”

Strategic Focus Areas Under the MoU

Enterprise Demand Generation: Tata Elxsi publishes a Global Statement of Requirement for operators to drive global adoption of standardized APIs.

Technical Enablement: Integration of Open Gateway certified CAMARA APIs into Tata Elxsi’s TETHER platform for seamless enterprise connectivity.

Go-to-Market Acceleration: Joint engagement with mobile operators, pilot programs, and awareness campaigns through GSMA platforms.

Commercial Models: Tata Elxsi will propose API consumption and monetization models for OEMs and Operators, creating sustainable revenue streams.

About Tata Elxsi

Tata Elxsi is a global leader in design and technology services, enabling enterprises to reimagine their products and services through digital transformation. With deep expertise in telecom, automotive, healthcare, and media, Tata Elxsi delivers cutting-edge solutions that combine design thinking with advanced engineering. For more information, visit tataelxsi.com.

About the GSMA

The GSMA is a global organization unifying the mobile ecosystem to discover, develop, and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organizations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy; tackling today’s biggest societal challenges; underpinning the technology and interoperability that make mobile work; and providing the world’s largest platform to convene the mobile ecosystem at the MWC and M360 series of events.

Honda Unveils First Electric Motorcycle WN7 at EICMA 2025 in Milan

Honda unveiled its first electric motorcycle, the Honda WN7 to the public for the first time., at EICMA 2025 (the Milan Motorcycle Shows; Press days: November 4-5, Public days: November 6-9) in Milan, Italy.

Key Features of Honda WN7

Development concept

The Honda WN7 is the first electric naked model in the FUN category developed under Honda’s new electric motorcycle brand direction. Its development concept, “Be the Wind,” expresses the joy of freely gliding through the air with quietness unique to an electric vehicle. Riders can directly sense the sounds and atmosphere of their surroundings—the conversations and laughter of people on the street, the rustling of leaves—experiences not possible with ICE (internal combustion engine) models. Reflecting its developers’ passion, the WN7’s smooth yet strong torque acceleration and agile handling allows riders to enjoy the liberating feeling of riding like the wind.

Design

Aiming to refine functionality and express essence, the design features a seamless, smooth surface on the areas the rider touches, while combining a distinctive and powerful silhouette. Its signature horizontal light bar will serve as a common design identity for Honda’s future electric motorcycles.

The WN7 also debuts a dedicated color theme for Honda’s electric motorcycles, featuring a black-based body accented with gold component parts. Like the signature lighting, this color theme will be adopted across upcoming global electric models.

Frameless chassis

Unlike conventional motorcycles that use a frame connecting the front and rear of the body, the WN7 adopts a frameless structure in which the centrally positioned aluminum battery case forms part of the main frame. The head pipe supporting the steering and the pivot bracket supporting the rear are both directly connected to the centrally located power unit. By eliminating the traditional frame, the WN7 achieves not only weight reduction but also greater layout flexibility, contributing significantly to its slim and compact proportions.

In addition, positioning the heavy battery pack at the center of the chassis also enhances mass centralization and agile handling.

Integrated motor-inverter unit

A newly developed, compact and lightweight water-cooled motor with an integrated inverter powers the WN7. It delivers a maximum output of 50 kW, equivalent to a 600 cc ICE motorcycle, and maximum torque of 100 Nm, comparable to a 1000 cc class ICE motorcycle. This ensures powerful yet composed performance both in city riding and on open roads.

Power from the motor is transmitted via a newly designed gearbox to a belt-drive system, which drives the rear wheel while contributing to quiet operation.

Drive battery and charging standards

The WN7 is equipped with a newly developed 9.3 kWh fixed lithium-ion battery. It supports both CCS2 fast charging¹ and Type 2 normal charging², compatible with standard household outlets in many regions. With a fast charger, the battery can be charged from 20% to 80% in approximately 30 minutes, allowing for quick recharging on the go and reducing the stress of waiting time.

In addition, normal charging fully charges the battery from 0% to 100% in under 2.4 hours³, providing a cruising range of 140 km (WMTC mode) on a full charge.

Regenerative braking, Deceleration Selector, and Walking Speed Mode

During deceleration with the throttle off, the WN7’s motor performs energy regeneration while providing regenerative braking⁴. Riders can adjust the level of deceleration using the Deceleration Selector on the left handlebar switch, enabling smooth low-speed control with minimal brake operation or a gliding sensation with reduced deceleration—offering a new riding feel distinct from ICE motorcycles.

The WN7 is also equipped with a Walking Speed Mode, allowing the rider to move the bike forward or backward slowly using the left-hand switch and throttle—useful for parking or maneuvering in tight urban spaces.

The Honda WN7 will be produced at Honda’s Kumamoto Factory - the company’s global hub for motorcycle production. Honda will introduce the model sequentially to global markets where electrification shift is advancing, as the company accelerates electrification of motorcycles on a global scale.

[1]CCS2: Combined Charging System Type 2, a connector standard used for electric vehicle fast chargers.

[2]When using a 200V power supply and charging gun.

[3] Charging time may vary depending on the charging environment (such as temperature). Charging time based on Honda measurements.

[4] Regenerative braking may not be activated depending on the remaining battery capacity.

Lighthouse Canton Secures $40 Mn in Strategic Funding Led by Peak XV Partners to Power Its Next Phase of Growth

Global investment institution, Lighthouse Canton, today announces a USD 40 million strategic investment round led by Peak XV Partners, with participation from Nextinfinity (investment holding company of Shyam Maheshwari - Founding Partner of SSG Capital, later Ares SSG). Qatar Insurance Company (QIC), an early investor in the company, continues to support its growth.

Founded in 2014, Lighthouse Canton has grown organically managing over USD 5 billion in assets across Singapore, India, the UAE, and the United Kingdom. Over the past decade, the company has built a reputation for disciplined investment management and a client-first approach that has made it a trusted partner for entrepreneurs, families, and institutions across regions.

This is Lighthouse Canton’s first external fundraise, undertaken to accelerate the next phase of its growth journey. The capital will be deployed to enhance technology infrastructure, attract senior talent, expand its product capabilities, and pursue geographic growth opportunities across high-potential markets.

“This is a defining milestone for us,” said Shilpi Chowdhary, Group CEO of Lighthouse Canton. “We have built Lighthouse Canton with an institutional mindset independently. For more than ten years we have been guided by a long-term vision of creating a world-class investment platform. With Peak XV and our strategic partners, we are deepening our capabilities, institutionalizing further, and positioning ourselves for the next decade of growth.”

Lighthouse Canton’s wealth management business provides personalized, family, wealth and business solutions for high-net-worth individuals, entrepreneurs, and family offices, while its asset management arm offers institutional-grade strategies across public and private markets. Lighthouse Canton’s strong regional presence and focus on disciplined execution have enabled it to serve clients across complex cross-border environments with agility and trust.

This strategic funding marks a new chapter in Lighthouse Canton’s journey and one that focuses on scale, innovation, and institutional depth, while continuing to deliver exceptional value to clients.

About Lighthouse Canton

Lighthouse Canton is a global investment institution with wealth and asset management capabilities. We employ over 200 experienced professionals across our offices in Singapore, Dubai, India, and London, and currently oversee over US$ 5 bn worth of assets under management and advisory. Lighthouse Canton creates value through innovative investment solutions for accredited private clients, institutional investors, and an ecosystem of founders and entrepreneurs globally.

Lighthouse Canton’s Asset Management business comprises strong internal product capabilities in hedge funds, private equity, traditional fundamental analysis, investing through multiple strategies in real estate private equity, private credit, venture capital, growth debt, public equities, and global macros.

Its Wealth Management business caters to accredited investors including corporates, ultra-high net worth individuals, families and family offices, founders, and entrepreneurs, to help with their personal and business investments, estates, and philanthropic needs, providing them tailored investment advisory, portfolio management, treasury, business & family office solutions.

Lighthouse Canton Pte Ltd is regulated by the Monetary Authority of Singapore (“MAS”). Lighthouse Canton Capital (DIFC) Pte Ltd is regulated by the Dubai Financial Services Authority (“DFSA”). LC Capital India Pte Ltd is regulated by Securities and Exchange Board of India (“SEBI”). Lighthouse Canton UK Limited is regulated by Financial Conduct Authority (“FCA”)

For more information visit www.lighthouse-canton.com

About Peak XV

Peak XV Partners (formerly Sequoia Capital India & SEA) is a leading venture capital firm investing across India, Southeast Asia and beyond. Over the last 19 years of operations in the region, Peak XV has grown to manage approximately USD 9 billion in capital across 13 funds and invested in over 400 companies.

The portfolio has seen 31 IPOs and several successful M&As till date.

To know more, please visit: www.peakxv.com

Beauty Appliance Brand Protouch Raises $2 Million in Pre-series A Round Led by GVFL

(L-R) Saurabh Nair, Mihir Joshi - MD GVFL, Tanisha Lakhani - Founder Protouch, Dhruvil Soni

Protouch, an emerging Indian beauty appliance brand, has raised $2 million in its Pre-Series A funding round led by GVFL, the pioneer of venture capital in India. Enrission India Capital and Anicut Capital also participated in the round, valuing the company at $10 million.

Founded in 2022 by Tanisha Lakhani, Protouch operates in the fast-growing beauty and personal care appliance segment, offering high-tech yet accessible solutions across haircare, skincare, and grooming. The brand aims to bridge the gap between professional salon treatments and at-home convenience through smart, technology-driven devices.

Protouch’s products are positioned between mass-market low-quality products and premium, high-priced international devices. Its portfolio includes India’s first automatic hair multi-styler powered by Coanda Airflow Technology, the country’s first clinically tested LED-based beauty devices for skin and hair, and a dual-sided trimmer with a ceramic trimming edge. Protouch's products are designed and engineered specifically for Indian hair, skin, and climate conditions, ensuring both performance and longevity.

Commenting on the investment, Mihir Joshi, Managing Director of GVFL, said, “Protouch is addressing a clear and growing opportunity in India’s beauty-tech segment. The brand combines product innovation, design, and consumer insight to bring professional-grade results into homes. We believe Protouch is well-positioned to become a category leader as the demand for high-quality, technology-enabled beauty solutions continues to rise.”

Protouch has already served over 2 lakh customers across India and has also expanded into the Middle East market. It has recorded 15x revenue growth in 30 months while remaining profitable.

The latest fundraise will support the expansion of the product portfolio, boost research & development and innovation, and strengthen online and offline retail expansion. Protouch also plans to introduce new products in the haircare and skincare categories and establish a manufacturing unit over the next few years.

Tanisha Lakhani, Founder of Protouch, said,

Consumers are seeking smarter, faster, and more effective beauty solutions. At Protouch, we are committed to simplifying beauty through innovation and functionality. This investment from GVFL and other partners will help us accelerate our mission to make professional-quality beauty devices accessible to every household.

Protouch is targeting further category expansion and aims to establish itself as a household beauty appliance brand within the next three to five years.

HP Bets Big on India: Plans 100% Local PC Manufacturing in 3–5 Years

Global technology giant HP has announced plans to manufacture all personal computers sold in India locally within the next three to five years, marking a significant boost to the country’s electronics manufacturing ambitions under the government’s Make in India initiative.

HP’s Chief Executive Officer Enrique Lores, speaking during a recent visit to India, said the company is committed to deepening its presence in the country by not only meeting domestic demand through local production but also by turning India into an export hub for PCs in the future.

Our goal is that in three to five years, every PC we sell in India will be manufactured in India, Lores said, adding that the company is also preparing to export India-made devices to global markets.

Rising Demand for AI PCs

The announcement comes at a time when demand for AI-enabled PCs is surging. According to HP, nearly 25% of its shipments in India over the past three quarters were AI-powered PCs, a sharp increase from just 5% six months ago. The company expects this trend to accelerate as artificial intelligence becomes a standard feature in personal computing.

Strategic Shift Amid Global Supply Chain Realignment

HP’s move reflects broader shifts in global supply chains, as technology companies diversify manufacturing away from China amid geopolitical tensions. Lores noted that the world is increasingly splitting into two technology ecosystems—one led by China and another by the West—making India a strategically vital market and production base.

Alignment with India’s Industrial Policy

The decision aligns with India’s Production-Linked Incentive (PLI) scheme for IT hardware, which offers financial incentives to companies that expand local manufacturing. India has already attracted major investments from smartphone makers like Apple, and HP’s commitment signals a similar trajectory for the PC industry.

Industry analysts say the move could:

• Create thousands of jobs in electronics manufacturing.
• Reduce India’s dependence on imports.
• Lower costs for consumers by cutting duties and logistics expenses.
• Position India as a global hub for AI-driven computing devices.

HP’s Market Position in India

HP currently leads the Indian PC market, with strong demand from enterprises, small businesses, and consumers in smaller towns. By localizing production, the company aims to strengthen its supply chain resilience and expand its reach into emerging markets within India.

Looking Ahead

HP expects the next five years to bring new device categories and ambient AI experiences, reshaping how PCs are designed and used. With India at the center of its strategy, the company is betting that local manufacturing will not only serve domestic needs but also make the country a key node in the global technology supply chain.

Fabex Steel Structures Inaugurates ₹120-Crore, 50,000 MT Pre-Engineered Building, and Steel Structures Unit in Telangana

• Targets ₹1,000-Crore Revenue with New Facility and Global Expansion.
• Plans to infuse additional ₹100-Crore Investment over the next 3 years.
• Plans to double its workforce to 800 as operations ramp up.

Hyderabad based Fabex Steel Structures today announced the commissioning of its second manufacturing unit at Chityal, near Hyderabad. Built with an investment of ₹120 crore and spread across 40 acres, the new unit marks a significant step in the company’s long-term capacity, and business expansion strategy.

The Chityal facility adds 50,000 MT of annual production capacity, bringing Fabex’s total to 100,000 MT across its two units. The company also operates a high-capacity plant in Vijayawada, supporting domestic and export demand for pre-engineered buildings and structural steel solutions.

Fabex plans to invest an additional ₹100 crore over the next 2–3 years to further enhance manufacturing capabilities and drive innovation. The new unit will focus on producing pre-engineered buildings for industrial applications including factories, warehouses, and logistics infrastructure.

We are aligning our capital deployment with market momentum across our product lines. The ₹100-crore follow-on investment over the next 24–36 months will focus on automation, throughput enhancement, and product diversification, said Venu Chava, Co-Founder and Managing Director of Fabex Steel Structures.

Founders along with Dignitaries during the inaugural

Mr.I V Ramana Raju, Co-Founder and CEO Lighting the lamp along with Mr. Venu Chava Co-Founder and Managing Director 

“With a combined annual capacity of 100,000 MT, we now have the scale to support multi-site PEB rollouts and turnkey design-to-installation projects across India and overseas. We are planning to diversify into new segments” said I V Ramana Raju, Co-Founder and CEO of Fabex Steel Structures.

Fabex, with a turnover of ₹ 463 Crore, employs 400 people and plans to double its workforce to 800 as operations ramp up. The company is targeting ₹1,000 crore in revenue over three years, backed by 70% client retention and expanding global reach.

Fabex exports to three continents, with key markets in North America, Africa, and the Middle East. The company is actively exploring new geographies to expand its global reach.

The inauguration of the new unit on Sunday saw the presence of Sri Vemula Veeresham, MLA Nakerekal; Sri Vasantha Krishna Prasad, MLA Mylavaram; and Sri Sriram Rajagopal, MLA Jaggayyapeta, along with industry stakeholders and dignitaries—highlighting Fabex’s growing contribution to India’s structural steel manufacturing landscape.

About Fabex Steel Structures: FABEX Steel Structures founded in 2020 is engaged in design, detailing, fabrication and installation of Pre-Engineered Buildings and Steel Structures. We are one of the leading solution providers with services ranging from design to installation serving several industries like warehouse, sugar processing, aerospace, heavy manufacturing, FMCG, electrical, food processing, automobile and many more. To know more https://fabexsteel.com.

India and U.S. Advance iCET, AI Governance & Defense Collaboration for a Shared Future

The Consulate General of India in New York hosted a high-level roundtable titled “From Traction to Transaction: Bridging the Gap – Co-creating the Next Era of Innovation, Investment & Global Leadership,” bringing together senior policymakers, industry leaders, and academic experts from India and the United States to advance the next phase of bilateral cooperation in emerging technologies, investment, and talent exchange.

Hosted jointly by Primus Partners and Meridian International Center, the discussions marked a decisive shift in the India–U.S. partnership—from shared intent to tangible outcomes—focused on innovation, defense collaboration, responsible AI, and cross-border investment.

Opening remarks from representatives of both nations underscored the shared vision of advancing Mission 500, which seeks to double bilateral trade to $500 billion by 2030. The session explored how deeper integration in clean energy, digital infrastructure, manufacturing, and defense could reshape global supply chains and unlock new investment pathways.

India U.S. Roundtable NYC

Education and talent mobility emerged as a key pillar of long-term cooperation. Leaders emphasized the creation of a strong India–U.S. knowledge corridor through enhanced student exchange, academic partnerships, and skill development initiatives aimed at strengthening the global innovation workforce.

On the frontier of AI governance, participants discussed how the two democracies could co-develop frameworks that align ethics, data sovereignty, and technology standards—positioning India and the U.S. as partners in building a transparent and secure digital future.

Conversations on the Initiative on Critical and Emerging Technologies (iCET) reaffirmed the need to move beyond policy dialogue toward joint execution in deep-tech and defense manufacturing. With momentum from agreements like GE–HAL jet engine co-production, speakers called for regulatory alignment and joint R&D ecosystems to ensure delivery-driven cooperation by 2026–2027.

Reflecting on the dialogue, Nilaya Varma, Co-Founder and CEO, Primus Partners, said:

Talk is easy. What matters is turning ideas into impact. This U.S.–India dialogue did exactly that — real conversations to drive real outcomes.

Adding her perspective, Union Minister for Women and Child Development and Minority Affairs, Smriti Irani, remarked, “

India and the US don’t need a handshake — they need a steel frame of trust. A partnership grounded in shared ideals and respect for each other’s strengths, free from the shadows of old hierarchies, and focused on building a future of equal purpose.

In closing, representatives from both sides highlighted that the strength of the India–U.S. partnership now lies in its ability to deliver measurable progress—driven by innovation, investment, and shared democratic values.

About Primus Partners – Primus Partners is one of India’s leading management consulting firms with operations in India, the USA, UAE, and KSA. Built on the philosophy of Idea Realisation, Primus combines strategic insights with execution excellence to deliver long-term impact.

Vodafone Idea May Get $6 Billion Lifeline from US Private Equity Giant TGH

Debt-laden telecom operator Vodafone Idea (Vi)may soon receive a crucial lifeline, with US-based private equity firm Tilman Global Holdings (TGH) reportedly in advanced discussions to invest up to $6 billion in the company.

According to people familiar with the matter, TGH has submitted a detailed proposal to the Indian government that links its investment to a restructuring of Vi’s massive liabilities, including spectrum and adjusted gross revenue (AGR) dues. The package, if approved, could mark one of the largest foreign private equity bets in India’s telecom sector.

A Lifeline for Vodafone Idea

Vodafone Idea, India’s third-largest telecom operator, has been struggling under a debt burden exceeding ₹2.1 lakh crore. Despite the government converting part of its dues into equity—making it the single largest shareholder with a 33% stake—the company has continued to face liquidity challenges, subscriber losses, and delays in rolling out 5G services.

Industry analysts say a multi-billion-dollar infusion could help Vi accelerate network upgrades, expand 4G coverage, and finally launch 5G services, allowing it to compete more effectively with rivals Reliance Jio and Bharti Airtel.

What TGH Wants

Sources suggest that TGH is not looking for a passive role. The firm is expected to seek significant operational control in exchange for its investment, potentially reshaping Vi’s management and strategic direction.

The proposal reportedly includes:

• Equity infusion: $4–6 billion
• Debt restructuring: tied to government approval
• Operational oversight: to ensure turnaround execution

Strategic Stakes

• For Vodafone Idea: The deal could be a make-or-break moment, offering the capital needed to stabilize operations and regain market confidence.
• For TGH: The investment represents a bold bet on India’s fast-growing digital economy and rising data consumption.
• For the Government: Approving the package would safeguard competition in the telecom sector, but it also raises questions about foreign control in a critical industry.

What’s Next

The government’s response to TGH’s proposal will be decisive. If approved, the deal could be finalized in the coming months, potentially reshaping India’s telecom landscape. If talks collapse, however, Vodafone Idea may be forced to explore alternative funding routes—or risk further erosion of its already fragile market position.

IndusInd International & Invesco JV Creates India’s 16th Largest Asset Manager with ₹1.48 Lakh Crore AUM

IndusInd International Holdings Limited (“IIHL”), the promoter of IndusInd Bank, and Invesco Ltd. (“Invesco”) announced today that they have completed the formation of their asset management joint venture (“JV”) following IIHL’s acquisition of a 60% ownership stake in Invesco Asset Management India (“IAMI”) following all regulatory approvals and closing conditions. With Invesco retaining the balance 40% stake, both IIHL and Invesco will hold joint sponsor status under the regulatory framework.

As of September 2025, IAMI is the 16th largest domestic asset manager in India with combined onshore and offshore (through advisory) average assets under management of INR 148,358 crores for the quarter ending September 2025 and a presence in 40 cities across the country.

Both partners contribute their respective strengths to the venture, with Invesco offering its global investment management expertise and product range, while IIHL will support, through its promoted entity and subsidiaries, a robust distribution network comprising over 11,000 touchpoints across India and serving a customer base of 45 million. IIHL will also deploy the reach of several associate entities of its global shareholders that offer synergistic business operations to widen the customer base by another 50 million.

There will be no change in IAMI’s focus on investment excellence and exceptional client service. The JV will continue to operate under the same management led by Saurabh Nanavati, with the same disciplined and research-driven investment philosophy and processes that have been central to its investment offerings since 2008, ensuring strong continuity for investors, distributors, and other stakeholders.

Mr. Ashok Hinduja, Chairman, IIHL, said, “At IIHL, we are very enthused with this JV with Invesco, to augment our para banking portfolio by including Asset Management, and be a global financial (BFSI) powerhouse by 2030. This is the most opportune time, when India, on the back of rising income levels, favourable demographics, offers enormous investment prospects to all Indians, the diaspora included. We will endeavour to reach the last home, last investor transparently and efficiently and live up to investors' expectation that mutual fund sahi hai. ”

Mr. Andrew Lo, Chief Executive Officer, Asia Pacific at Invesco, said: “Our India business has seen solid growth in the last nine years. We now look forward to the partnership with IIHL to further expand our distribution capability in the domestic market. As always, our focus will remain squarely on industry-leading investment offerings and service for our India clients with compelling global and domestic investment capabilities.”

Speaking on the announcement, Mr. Saurabh Nanavati, CEO, Invesco Asset Management (India) said: "We are pleased to announce the completion of this strategic transaction. This joint venture represents the coming together of Invesco’s global expertise in asset management and IIHL, facilitating its deep local market presence. Together, we aim to strengthen our reach and expand distribution, especially in Tier 2 and Tier 3 towns, thereby making quality investment solutions available to a wider set of investors across India. We also aim to increase our presence and offerings through GIFT City, SIFs, Passive Products and Digital channels.”

Motilal Oswal Investment Advisors acted as the exclusive financial advisor to IIHL. Crawford Bayley and AZB acted as legal advisors to IIHL & Invesco, respectively.

Founded in 1993 under the visionary leadership of the late Shri S.P. Hinduja and his three brothers, IIHL is an investment holding Company well-regulated by the Financial Services Commission, Mauritius, under a Global Business License and is governed by the Board of Directors. Its investment portfolio under various Regulatory jurisdictions comprises Banking Services (IndusInd Bank, IIHL Bank & Trust Limited- Bahamas), Capital Market Assets (Afrinex Exchange Limited, Mauritius, with a cumulative listing of $13.5bn of underlying securities). Recently, it acquired the Insurance Businesses (Life, Non-Life, and Health) along with the Securities business of Reliance Capital Ltd to augment its portfolio.

IAMI began operations in India in late 2008 with the acquisition of Lotus India Asset Management Company and has since grown to serve over 2.9. million retail investor folios and over 48,000 empanelled distributors, with over 70% of its AUM in equity and equity-oriented assets. Invesco also operates an enterprise centre in Hyderabad employing more than 1,700 staff across a range of global support functions, including information technology, investment operations, finance, compliance, and human resources.

About IndusInd International Holdings Limited (www.indusindinternational.com)

Originally versed in the banking sector, IndusInd has, over the years, invested in a wide range of financial services across several jurisdictions. With a USD 1.2 bn net asset value as of September 2025, IIHL is dedicated to value creation for its global shareholders by maintaining this dynamic growth through ongoing investment and acquisition of high-value assets. IIHL’s vision is to be a Global Financial Services Institution with a commitment to excellence in international orientation, innovation, speed, and strict compliance with the principles of good corporate governance.

About Invesco Asset Management (India) Private Limited

Invesco Asset Management (India) is one of the leading asset management companies in India. With over INR 148,358 crores of average assets under management for the quarter ending September 2025 across Mutual funds, PMS and Offshore Advisory, we serve the investment needs of individual investors, corporates and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes, where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top-class financial care, impeccable service and best-in-class investment products. For more details, visit: www.invescomutualfund.com

About Invesco Ltd.

Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Tata Power’s EcoCrew Engages 3 Lakh Students, Fuels India’s Largest Energy Literacy Movement

In yet another pioneering initiative to bring alive its commitment to India’s energy transition and to fast track the adoption of solar energy, Tata Power has created new benchmarks with its EcoCrew program - India’s largest Energy Literacy Movement.

Reaching almost 3 Lakh students in 1000+ schools across Uttar Pradesh and Uttarakhand, the program sensitised students to the impact of global warming and climate change and educated them on adoption of solar energy for their homes as an easy and affordable alternative solution.

The program has not only created legions of EcoCrew who are BFFs of Nature and true ambassadors of sustainability in their communities, but also helped the cause of making Uttar Pradesh and Uttarakhand the 3rd largest adopters of rooftop solar under the PMSGY with 3.14 lakh installations to date amounting to 1.1 GW.

The EcoCrew movement has travelled 24 cities over the last 12 months, cumulating more than 50,000 minutes of interactive on-ground learning and close to 1,50,000 minutes of online engagement. Students learnt about clean energy alternatives, solar energy and energy conservation. They pledged to become change makers in their homes, communities and neighbourhoods.

Students also participated in energy audits, creative competitions, and a 21-day gamified online sustainability challenge, encouraging measurable planet-friendly actions both at school and at home. Tata Power’s sustainability buddy Globey brought alive the need for each of us taking small actions every day to make a big change for planet Earth.

The top schools and students who actively championed and engaged with the initiative are all set to be felicitated and celebrated at 5 mega finale events over the next 2 weeks in Lucknow, Varanasi, Agra, Gorakhpur and Meerut.

Today, Uttar Pradesh stands among India’s top 3 states in rooftop solar adoption, with 2.6 lakh installations and a total installed capacity of 901.42 MW. This rapid progress has been enabled by the dual subsidy structure, combining Central and State incentives — with up to ₹78,000 from the Central Government and ₹30,000 from UPNEDA — making solar adoption more accessible and affordable for households. In alignment with the Government’s clean energy vision and to further accelerate rooftop solar adoption, Tata Power has also been promoting its ‘GharGharSolar’ initiative — first launched in Varanasi last year — to drive large-scale awareness and installation of residential rooftop solar systems under PMSGY.

The journey of EcoCrew in Uttar Pradesh marks the beginning of a larger national mission. Tata Power plans to expand the initiative across multiple states, reaching millions of students in the coming years to build a foundation of energy literacy, climate responsibility, and accelerate solar readiness.

By nurturing a generation of informed and responsible young citizens, Tata Power is strengthening India’s roadmap to energy independence, in line with the national vision of Atmanirbhar Bharat and the clean energy goals of the PM Surya Ghar Yojana.

Lenskart Raises ₹3,268 Crore from Anchor Investors Ahead of ₹21,500 Million IPO

• Bid /Offer Opening Date – Friday, October 31, 2025, and Bid/ Offer Closing Date –Tuesday, November 04, 2025
• Price Band fixed at ₹ 382 per equity share of face value ₹2 each to ₹ 402 per equity share of the face value of ₹2 each (“Equity Shares”) of Lenskart Solutions Limited (the “Company”)
• Bids can be made for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter
• Anchor link

Lenskart Solutions Limited, one of India’s largest omni-channel eyewear retailers, offering a wide range of affordable and fashionable prescription eyeglasses, sunglasses, and contact lenses through its online platform and extensive retail network, has allotted 8,13,02,412 equity shares to anchor investors, comprising marquee domestic and global institutional investors, and raised ₹3,268.36 crore ahead of the Company’s proposed IPO at the upper end of the price band at ₹402 per equity share (face value ₹2 per share).

Out of the total allocation of 8.13 crore equity shares to anchor investors, 2.87 crore equity shares (35.34%) were allocated to 21 domestic mutual funds through a total of 59 schemes.

The anchor book has received widespread participation from domestic institutional investors including leading mutual funds such as SBI Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Mirae Asset, DSP Mutual Fund, Franklin India, HSBC MF, WhiteOak Capital, Edelweiss, Bandhan, and Canara Robeco, and insurance companies such as SBI Life Insurance, HDFC Life Insurance, ICICI Prudential Life Insurance, Bajaj Allianz Life Insurance, Kotak Mahindra Life Insurance, Axis Max Life, Reliance Nippon Life Insurance, and Tata AIA Life Insurance.

Global interest was equally notable with very strong demand from sovereign and long-only FIIs such as the Government of Singapore, Monetary Authority of Singapore, Government Pension Fund Global (Norway), New World Fund Inc, Fidelity, T. Rowe Price, BlackRock, Capital Group, Goldman Sachs, Nomura, Amundi, JP Morgan and Wellington Management Company LLP, among others.

The offer comprises a fresh issue of equity shares aggregating up to ₹21,500 million (the “fresh issue”) and an offer for sale of up to 127,562,573 equity shares by certain existing shareholders, including Peyush Bansal, Neha Bansal, Amit Chaudhary and Sumeet Kapahi (“Promoter Selling Shareholders”) and SVF II Lightbulb (Cayman) Limited, Schroders Capital Private Equity Asia Mauritius Limited, PI Opportunities Fund – II, MacRitchie Investments Pte. Ltd., Kedaara Capital Fund II LLP, and Alpha Wave Ventures LP (“Investor Selling Shareholders”). The Offer comprises of an Employee Reservation Portion aggregating up to ₹150 million with the balance offer size being called as the “Net Offer”.

The company plans to utilise the net proceeds from the IPO for setting up new company-owned, company-operated (CoCo) stores in India, lease and rental payments, technology and cloud infrastructure, brand marketing, inorganic acquisitions, and general corporate purposes.

Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, Avendus Capital Private Limited, Citigroup Global Markets India Private Limited, Axis Capital Limited, and Intensive Fiscal Services Private Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

Tata Steel’s B2MSME E--Commerce Platform, DigECA, Crosses ₹1,000 Crore GMV

Tata Steel today announced a significant milestone for its B2MSME e-commerce platform, DigECA, which has surpassed ₹1,000 crore in Gross Merchandise Value (GMV) in the current financial year (FY26). The platform has also recorded over 160 kilo tonnes (KT) in sales and onboarded more than 3,500 Micro, Small and Medium Enterprises (MSME) customers, underscoring its growing role as a catalyst in the digital transformation journey of India’s MSMEs, known as Emerging Corporate Accounts (ECAs) within Tata Steel.

Designed to make steel buying simple, transparent and efficient, DigECA offers ECAs an integrated, omni-channel experience with features such as embedded financing options, real-time order visibility, and dedicated technical support. The platform primarily focuses on flat steel products including Tata Astrum, Tata Steelium, and Galvano, bringing together quality assurance and digital convenience under one ecosystem.

Prabhat Kumar, Vice President - Marketing & Sales (Flat Products), Tata Steel, said: “Surpassing ₹1,000 crore GMV and 160 KT in sales is a testament to the trust our ECA customers place in DigECA. This platform is not just about transactions - it’s about building meaningful relationships, enhancing customer experience through seamless integration of MSME value chain, and aligning our services with their evolving business needs.”

Since its pilot launch in fourth quarter of Financial Year 2024-25, DigECA has registered a 30x growth, driven by Tata Steel’s relentless focus on innovation, customer-centricity, and digital enablement. The platform’s growth mirrors Tata Steel’s broader vision to digitalise the steel supply chain and promote inclusive growth across India’s industrial ecosystem.

With DigECA, Tata Steel continues to lead the way in digital transformation, equipping ECAs with the right tools, services, and support to achieve their business aspirations and contribute to India’s industrial progress.

ENRISSION INDIA CAPITAL Backs Nova Nova to Redefine Gen Z Snacking in India

ENRISSION INDIA CAPITAL announces its investment in Nova Nova, a bold and fast-growing Gen Z–focused D2C chocolate brand in India. The investment, made as part of Nova Nova’s Pre-Series A round through our fund, marks a key step in supporting the next generation of consumer-first food brands.

India is home to over 377 million Gen Z consumers—nearly 40% of the population—who are reshaping the snacking landscape with their demand for lighter, on-the-go indulgences. Nova Nova is at the forefront of this shift, offering playful, bite-sized chocolate formats that are fun, shareable, and designed for everyday enjoyment.

Founded by Harsh Gadia and Nidhi Gadia, Nova Nova has quickly carved out a distinct space in India’s sweet-snacking market. The digital-first brand stands out for its focus on product innovation and format-driven storytelling, engaging modern consumers with indulgent, everyday snacking experiences that match their evolving tastes.

Harsh Deodhar, Principal at ENRISSION INDIA CAPITAL, said, 

Nova Nova captures the essence of what today’s young consumers seek authenticity, creativity, and an emotional connection with the brands they love. With this investment, we look forward to partnering with Harsh and Nidhi as they scale Nova Nova’s presence, expand product innovation, and strengthen its position as a new-age chocolate brand built for global appeal.

Harsh and Nidhi Gadia, Co-founders of Nova Nova, said,

At Nova Nova, we recognised a gap between traditional treats and modern snacking, and an opportunity to create an indulgent, engaging brand of chocolate that speaks to the aspirations and lifestyle of today's consumers. Partnering with ENRISSION INDIA CAPITAL helps us accelerate that vision—to reach more consumers, introduce new product formats, and bring sparks of joy and indulgence to their everyday life.

At ENRISSION INDIA CAPITAL, we are focused on backing visionary founders who are reimagining consumer behavior through innovation and design. Nova Nova exemplifies this ethos by redefining how India’s Gen Z experiences chocolate—making sweet moments more frequent, fun, and meaningful.

With this investment, ENRISSION INDIA CAPITAL and Nova Nova are partnering to bring a fresh take on indulgence to the Indian market, paving the way for a new era in everyday snacking.

Fertility Startup Pluro Raises ₹125 Cr in Series A Funding Led by Bessemer Venture Partners at ₹ 1,000 Crore Valuation

Pluro Fertility and IVF, a healthcare partnership platform, today announced that it has raised Rs. 125 Crore in Series A funding round led by Bessemer Venture Partners at a valuation of Rs. 1,000 Crores. The round marks a key milestone in Pluro's mission to partner with India's most accomplished fertility specialists and help millions of Indian women and men realize their dream of parenthood. Prominent angels such as Vikram Chatwal (MediAssist), Dharmil Sheth & Hardik Dedhia (PharmEasy/All Home), Salil Musale (Astarc Ventures), Shalibhadra Shah and Niket Shah (Motilal Oswal), Karan Kapur (K Hospitality), also participated in this round.

Founded in 2025 by Dr. Jaydeep Tank, Dr. Parikshit Tank, and Dr. Bhaskar Shah, Pluro partners with successful independent IVF specialists across India through a clinical partnership model that preserves doctor autonomy while offering centralized operational support. This enables clinicians to focus entirely on patient outcomes while scaling their practices sustainably. Pluro plans to have 25 fertility centers pan-India by March 2026, each in partnership with a leading fertility specialist with at-least a decade of exceptional clinical expertise.

Dr. Jaydeep Tank, co-founder & CEO of Pluro Fertility

“India’s most respected fertility specialists have spent decades building trusted patient relationships and delivering consistent clinical outcomes. Operational bottlenecks and bandwidth limit their ability to scale and invest in technology and infrastructure. Pluro solves for this and enables them to serve couples truly becoming partners in the journey to Parenthood enabled by Tech, research, great infrastructure and state of the art care” said Dr. Jaydeep Tank, co-founder & CEO of Pluro Fertility, on behalf of the Founders. Pluro supports everything outside the consultation room - so doctors can do what they do best: help create families.”

Pluro manages all non-clinical functions across partner clinics, including practice management, technology, compliance and marketing. The platform provides each partner doctor with equity participation, aligning incentives across the network and enabling wealth creation for doctors as Pluro grows.

Pluro plans to have a pan-India presence with the initial 25 fertility partners scaling up to 100+ clinics within 3 years. Pluro will use the fresh capital to expand its network presence, invest in technology, and deepen clinical capabilities in advanced reproductive science.

“India needs scalable, credible fertility care now more than ever,” said Nithin Kaimal, Partner and COO at Bessemer Venture Partners India. “Pluro brings together world-class medical leadership and a thoughtful partnership model for doctors, backed by strong execution. We are excited to partner with them to build India’s leading fertility platform.”

Pluro brings together three industry leaders with deep medical and operational expertise:

• Dr. Jaydeep Tank: Leading Gynaeocologist, amongst the earliest adopters of IVF in India; helped establish 20+ clinics, Immediate Past President of FOGSI.,
• Dr. Parikshit Tank: A Leading Gynaecologist and IVF specialist with over 80 peer-reviewed publications and author of four medical textbooks Deputy Secretary General of FOGSI.,
• Dr. Bhaskar Shah: Leading Cardiologist and Co-founder of Asian Heart Institute & Co-Founder, Board Member and Head of Dept. of Cardiology of Jupiter Hospitals (listed healthcare company)