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Aukera raises ₹90 crore debt funding to expand lab-grown diamond jewellery business
In a significant move, lab-grown diamond brand Aukera raised ₹90 crore in debt financing, spearheaded by Alteria Capital. This influx of capital is earmarked for enhancing retail presence and advancing product innovation. Aukera's strategy includes opening additional outlets in both familiar and new cities, as the company targets the upscale segment of the booming market, ensuring a robust balance sheet for upcoming industry shifts.
Peak XV nets 12 fold gain on K12 Techno after Vitruvian infuses ₹1,159 crore
Peak XV Partners has achieved a remarkable 12-fold return on its investment after a substantial ₹1,159 crore influx from Vitruvian Partners into K12 Techno Services. This deal catapults K12's valuation and highlights its rapid growth in India's booming education market.
Akasa Air plans to operate flights under UDAN scheme, says CEO Vinay Dube
Akasa Air is set to join the UDAN regional connectivity scheme, with CEO Vinay Dube confirming a steady influx of Boeing 737 MAX aircraft. The airline plans significant capacity growth, aiming for 30% this fiscal year and 30-40% over the next 4-5 years. Despite industry-wide delivery challenges, Akasa Air's fleet expansion remains on track, with a strategic focus on a single aircraft type and class.
Stainless steel industry seeks end to QCO relief from July 1
Domestic stainless steel makers are pressing the government to reinstate quality control norms from July 1, warning that a temporary QCO relaxation has fueled a flood of cheap imports. The Indian Stainless Seamlesspipes Manufacturers Association highlights that this influx, coupled with alleged anti-dumping duty circumvention, has crippled industry capacity to below 50%, jeopardizing local manufacturers. They urge immediate QCO restoration to curb substandard goods.
IRDAI Receives First Wave Of Applications Under 100% Insurance FDI Regime: Sources
The influx of applications follows the historic operationalization of the 100% Foreign Direct Investment (FDI) policy in the insurance sector earlier this year.
SpaceX IPO: How To Trade The World's Largest Ever Public Issue In Asia's Locked-Out Markets
Companies linked to SpaceX have particularly attracted bets that a fresh influx of capital
CD rates may fall up to 100 bps as banks tap overseas deposits, loans
Interest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop, estimated at 75-100 basis points by July, follows large public sector units and banks tapping overseas loans and deposits. This influx of foreign funds is expected to cool domestic yields and ease borrowing costs for businesses and the government.
Indian steelmakers grapple with resurgence of cheap Chinese imports
Chinese steel exports to India surged in April, reaching a two-year peak. This influx of cheaper steel, including hot-rolled coils and stainless steel, worries domestic producers. Some imports are reportedly routed through Vietnam. India has become a net importer of steel, contrasting with previous periods. Rising demand from infrastructure and automotive sectors fuels this trend.
In India's retail blitz, luxury spaces miss out big
In the realm of luxury retail, India encounters a considerable void in super luxury mall infrastructure, stifling opportunities for esteemed international brands to establish a foothold. Despite the influx of wealth, with the luxury sector projected to blossom into a $12 billion market by 2028, suitable retail spaces remain elusive.
India’s realty equity inflows hit record $30.7 billion between 2024-Q1 2026
Between 2024 and early 2026, India’s real estate landscape witnessed an astonishing influx of over $30 billion in equity capital, showcasing unprecedented investor enthusiasm. This surge, fueled by robust confidence and key structural enhancements, saw land, developmental opportunities, and commercial properties draw major funding.
Private Credit’s Retail Risk Draws Scrutiny From Global Watchdog
The world’s top financial stability watchdog is examining the potential risks posed by an influx of retail investors into the $1.8 trillion private credit market, according to a person with knowledge of the matter.
Mounjaro sales dip amid price war as semaglutide generics gain ground
Mounjaro, the star pharmaceutical from Eli Lilly, is experiencing a downturn in sales across India. This slump can be attributed to competitor Novo Nordisk slashing prices on their famed Ozempic and Wegovy, not to mention the influx of cost-effective semaglutide generics. Despite this, Lilly remains optimistic about the distinct advantages Mounjaro brings to its users.