Author: Shruti Joshi
Mumbai (Maharashtra) [India], September 3: Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013), a leading investor with a strong focus on urban infrastructure, has acquired a majority stake in New Consolidated Construction Company Ltd. (NCCCL) through its subsidiary, Nisus Finance Projects LLP. Executed as an all-cash, management-led buyout, the transaction marks a pivotal milestone in Nisus’ strategy to scale and consolidate India’s infrastructure ecosystem. As part of the acquisition, Nisus has infused INR 70 Cr as primary growth capital, strengthening NCCCL’s balance sheet and positioning the company to capture high-potential opportunities in India’s fast-evolving building infrastructure landscape.…
Microsoft and the U.S. General Services Administration (GSA) have unveiled an overarching partnership that will leverage AI to expedite the adoption of AI by the US federal government in a historic agreement that marks the dawn of a new era in public sector technology. The deal will transform the way federal agencies work, simplify services, and provide tremendous cost savings to the taxpayers, estimated at more than 6 billion dollars after three years and at 3.1 billion dollars within the first year. This partnership is not a mere software acquisition; it is a strategic step to place the American government…
Srinagar (Jammu & Kashmir) [India], September 3: Sarveshwar Foods Limited, one of India’s leading producers of organic and basmati rice, has entered into a strategic Memorandum of Understanding (MoU) with a German technology Company to bring in next-generation solutions for rice storage, preservation, and preparation. This milestone comes as the company continues to expand capacity and presence across domestic and international markets, fueling its journey towards becoming a global leader in value-added food products. Key Highlights of the MoU: CO₂-based storage system to preserve rice freshness without chemical preservatives. Reusable cocoons for storage, reducing contamination and waste. Smoke generator technology…
New Delhi [India], September 3: Globtier Infotech Limited, a leading provider of IT and digital transformation solutions, has been successfully listed on the BSE SME exchange. The IPO proceeds will be utilized to fund working capital requirements, repay certain loans, and meet general corporate objectives. Commenting on the milestone, Mr. Rajiv Shukla, Chairman of Globtier Infotech Limited, said: “Our listing on the BSE SME exchange marks an important step in Globtier’s growth journey. With a strong focus on digital transformation, cloud, AI, and cybersecurity, we remain committed to delivering innovation and value to our clients worldwide.” With a customer-first approach…
Ahmedabad (Gujarat) [India], September 3: Indian actor–producer Harsh Desai has established himself as a distinguished presence in New York’s theatre scene, leading a successful Off-Broadway run of On the Line at Manhattan’s historic Actors Temple Theatre on June 28–29. At just 24, Desai’s achievement reflects not only artistic mastery but also a rare clarity of vision. Coming from Ahmedabad, a city in India where he grew up in a non-artistic family background, Desai’s journey has been marked by courage and conviction. Originally on a different academic path, he shifted his focus entirely to acting and producing—an untraditional choice in his environment,…
New Delhi [India], September 3: Digamber Capfin Limited) (Digamber Finance), One of India’s leading NBFC-MFIs announced a strategic move into the small business loan category with plans to launch dedicated services across 10 states in FY 2025–26, starting with the opening of its first Small Business Loan Branch in Jaipur, Rajasthan. This initiative marks a significant diversification beyond microfinance, with the company introducing a comprehensive suite of small business loans and financial product distribution solutions tailored for micro and small entrepreneurs, shopkeepers, hawkers, and street vendors. Speaking on the announcement, Amit Jain, Promoter & Whole-Time Director, Digamber Capfin Limited, said: “Small entrepreneurs and local businesses…
Mumbai (Maharashtra) [India], September 3: Beeline Capital Advisors Private Limited has successfully closed the deal for Shreeji Shipping Global Limited’s IPO with an overwhelming response. The Initial Public Offering, sized at ₹410.71 crore, attracted strong investor interest and was subscribed to the tune of ₹16,882 crore – translating into a remarkable 58.10 times oversubscription. Notably, Beeline secured nearly 96% of the anchor book in a two-bank syndicated IPO, reinforcing its strong institutional distribution capabilities. The anchor book saw participation from marquee institutional investors including Bank of India Small Cap Fund, Bank of India Mid & Small Cap Equity & Debt Fund, Morgan…
Mumbai (Maharashtra) [India], September 3: Cupid Limited, (BSE – 530843, NSE – CUPID), – Cupid Limited, announced that its current B2B export order book is at $11.50 Million US Dollars, which is equivalent to ₹100 Cr plus, across three of its key products: Male condoms, Female condoms and Lubricants, which is scheduled to be executed in Q2 and Q3 of FY26. These orders are from international government tenders in South Africa, Tanzania, and Kenya, as well as from international agencies WHO/UNFPA, NGOs like MSI and PSI. In addition, Cupid’s IVD Kits are witnessing strong traction in international markets, supported by steady B2B…
Mumbai (Maharashtra) [India], September 3: Karbonsteel Engineering Limited (The Company, Karbonsteel) is a structural engineering and fabrication company engaged in the design, manufacturing and assembly of heavy and precision steel structures. Proposes to open its Initial Public Offering on September 08, 2025, aiming to raise ₹ 59.30 Crores (at upper price band) with shares to be listed on the BSE SME platform. The issue size is 37,29,600 equity shares with a face value of ₹ 10 each with a price band of ₹ 151 – ₹ 159 Per Share. Equity Share Allocation • Anchor Portion – Up To 10,60,800 Equity Shares • Qualified Institutional Buyer – Up To 7,08,000 Equity Shares • Non-Institutional Investors – Not less than 5,32,800Equity Shares • Individual Investors – Not less than 12,40,000 Equity Shares • Market…
Surat (Gujarat) [India], September 3: The sparkle has dimmed in Surat. America’s 50% tariff on Indian diamonds has hit the city’s famed cutters and polishers where it hurts most: cancelled orders, ballooning costs, and an uncertain future. US Tariffs Choke Surat’s Lifeline On August 27, Washington’s new 50% tariff on Indian diamond imports officially kicked in. The result was immediate. Traders in Gujarat’s Surat, the world’s largest diamond polishing hub, saw their US orders vanish overnight. Umesh Munjapara, a long-time trader, didn’t mince words. “All our orders from America are getting cancelled, and new ones aren’t coming in. The business…