SPIRIT OF MUMBAI

Mumbai, March 4, 2026:  Motilal Oswal Home Finance Limited (“MOHFL”/ “the Company”) has entered into an agreement to raise USD 100 million in INR-equivalent from the Asian Development Bank (“ADB”) in the form of debt through a Non-Convertible Debenture (“NCD"). The financing represents an important milestone for MOHFL and reflects strong confidence from a leading global development finance institution in the Company’s business model, governance framework, and long-term growth prospects. The proceeds from the ADB financing  will be used to provide  affordable housing loans to women borrowers, and 10% of the proceeds will be deployed to finance the construction of residential units that meet recognised green building certification standards, supporting the adoption of environmentally sustainable construction practices. Mr. Sukesh Bhowal, MD & CEO, Motilal Oswal Home Finance Limited, said ,  “ Funding from ADB marks a significant milestone in our responsible growth ...

  Aye Finance, India’s leading provider of business loans to the underserved micro-scale MSMEs, has completed a pilot that uses the predictive capability of Gen AI technology, which will enhance its formal credit to the trading businesses in tier 2 and beyond cities. The cutting-edge solution developed in-house utilises Generative AI and Machine Learning (ML) models to estimate business sales directly from images of store premises and other parameters. This significantly reduces the "cost-to-serve" for the micro-enterprise segment. Aye Finance is the first NBFC to have received equity investment from Google Capital in 2018. It set up its Data Science and Artificial Intelligence Unit in 2019 and has successfully deployed many customised ML models at key processes across the customer lifecycle. This optimizes the unit economics and allows inclusion of a larger population of the grassroots businesses. The newly developed system serves a critical segment of trading ...

Mumbai, March 2, 2026: World Trade Center Mumbai, in association with the All India Association of Industries (AIAI) and the Royal Norwegian Consulate General in Mumbai, successfully organized an International Trade Dialogue with Norway. This event brought together government representatives, industry leaders, and trade stakeholders to explore opportunities for strengthening India–Norway economic cooperation, particularly in sustainable energy, maritime innovation, and green technologies. The event was attended by H.E. Ms. Monica Nagelgaard, Consul General, Royal Norwegian Consulate General, Mumbai, reflecting the importance of India–Norway bilateral engagement. Mr. Fredrik Bjerke Abdelmaguid, Deputy Consul General, Royal Norwegian Consulate General, Mumbai, highlighted “Norway is keen to deepen economic engagement with India and expand cooperation across clean energy, sustainable maritime solutions, and innovation-driven sectors.” “The complementarities between Norwegian technological...

Mumbai, March 2, 2026:   Rajputana Stainless Limited has fixed the price band of Rs 116 - to Rs 122 - per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Monday, March 9, 2026, for subscription and close on Wednesday, March 11, 2026. Investors can bid for a minimum of 110 Equity Shares and in multiples of 110 Equity Shares thereafter. Equity shares outstanding as on date 6,89,17,658 Equity Shares of Rs 10 each. The IPO is a fresh issue for up to 1,46,50,000 equity shares and an offer-for-sale for up to 62,50,000 shares by the promoter Selling Shareholder- Shankarlal Deepchand Mehta. The proceeds from the fresh issue to the extent of Rs 18.57 crore will be for funding capital expenditure requirements for expansion of the existing manufacturing facility at Panchmahal district, Gujarat through forward integration and diversifica...

The Initial Public Offering of PNGS Reva Diamond Jewellery was subscribed 1.23 times on the final day of bidding. The issue received bids of 70,31,776 equity shares against the offered 57,06,235 equity shares, at a price band of Rs 367 to Rs 386 per share, according to data available on the stock exchanges. Qualified Institutional Buyer (QIB) and Retail Portion was subscribed 1.04 times and 1.29 times respectively. Non-Institutional Investors (NII) Portion was subscribed 1.54 times. Whereas the Employee Reserved subscribed 6.74 times. PNGS Reva Diamond Jewellery Ltd plans to market and promote 15 new stores to create local brand awareness and enhance visibility across various locations in India. The majority of these stores will be established in Tier-1 and select Tier-2 cities in Maharashtra, along with metro cities across the country. In line with this strategy, the company intends to invest ₹286.56 crore to launch 15 new brand-exclusive stores across India. These proposed outlets wi...

●         Initiative is specifically designed for industries such as steel, automotive and auto ancillary, data centres, engineering and manufacturing -  where energy cost optimisation, sustainability compliance, and long-term margin protection are strategic priorities ●         Enables 3–5 year payback, improved IRR and long-term cost competitiveness for industrial customers ●         Backed by 35 years of expertise, 30-year warranty & a state-wide service network   ●           Maharashtra | 27 th  February,  Pachpande, Managing  2026:  Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies, hosted its flagship C&I-focused customer outreach initiative,  ‘Scale Sustainably with Tata Power’ , in Pune on 27 February 2026. The initiative reinforces the company’s com...