CineNow to Shortly Close ₹1,350-Cr Fund to Finance Films
CineNow Ltd, a BVI‑registered firm, is close to sealing a ₹1,350 crore (~$163 million) six‑year fund to finance Indian films. The closed‑ended vehicle will back a curated slate of movies, with capital secured by enforceable rights to OTT, satellite, music and ancillary revenues. The company has enlisted Oscar‑winning sound designer Resul Pookutty and industry veteran Abhay Sinha on its strategic council. CineNow also plans to tokenise participation, aiming to broaden investor access while preserving IP ownership for creators.
Magicpin Scales AI Assistant Vera, Targets over 10 Lakh Merchants by 2026: CEO
magicpin’s AI assistant Vera has recorded more than 5 million interactions and is now used by over 500,000 merchants across 25 verticals. The platform was adopted by 5 lakh restaurants and retailers within three months of launch, and the company aims to...
US FDA Approves Expanded Use of Sanofi's Type 1 Diabetes Drug
The U.S. Food and Drug Administration has broadened the label of Sanofi’s Tzield to include children ages 8 to 17 who have been newly diagnosed with stage 3 type 1 diabetes. The decision follows a trial of 328 pediatric patients that demonstrated...
Suven Life Sciences to Present Research Posters at APSS Meet in US
Suven Life Sciences, a clinical‑stage biopharma focused on CNS disorders, will present three research posters at the SLEEP‑2026 meeting in Baltimore. The posters highlight Samelisant’s positive Phase 2 efficacy data for excessive daytime sleepiness, the design of a Phase 2 study targeting...
Ather Energy Says Factory Is Supply Constrained as Capacity Hits 90%, Eyes Maharashtra Plant for the Next Growth Phase
Ather Energy’s Hosur factory is now running at over 90% capacity after a 69% year‑on‑year volume surge, prompting the company to impose allocation controls in select markets. FY26 revenue climbed to roughly $442 million, while net losses narrowed to about $62 million...
Hitachi Energy Announces ₹2,000 Crore Transformer Plant in Gujarat
Hitachi Energy announced a ₹2,000 crore (≈ $241 million) investment to build a large‑scale power‑transformer plant in Karjan, Vadodara, Gujarat, slated for operation by fiscal year 2028. The facility will produce high‑voltage, HVDC, and AI‑data‑centre transformers, bolstering domestic supply amid rising grid‑expansion and...
Glenmark Launches Derma Product Winlevi in Key European Markets
Glenmark Pharmaceutical, through its subsidiary Glenmark Specialty SA, has launched the clascoterone 10 mg/g cream Winlevi in several key European markets, including the Nordics, Central and Eastern Europe and Spain, with a partner‑led rollout in Portugal. The product received European Commission approval...
Automakers Move to Cut Prices on British-Built Luxury Cars Ahead of India-UK FTA Implementation
Luxury automakers are slashing prices on British‑built ICE cars in India ahead of the India‑UK free trade agreement, which will cut import duties from 110% to 30% for qualifying models. Early price cuts include a projected ₹8‑12 lakh ($9‑15k) reduction on...
Manam Chocolate Secures $9 Million Funding to Expand Retail Footprint in India
Manam Chocolate, a Hyderabad‑based farm‑to‑bar chocolate maker, secured $9 million in Series A funding led by Omnivore with participation from the Turner Morrison consortium. The capital will fund the rollout of new experiential retail outlets in the Delhi NCR region over the next...
THINK Gas Completes 500 Km of Natural Gas Pipeline Network Across Kanchipuram and Chengalpattu
THINK Gas has finished constructing more than 500 km of steel and MDPE natural‑gas pipelines across the Kanchipuram and Chengalpattu geographical areas. The rollout enables domestic, commercial and industrial customers to access cleaner fuel and brings the total network toward...
BYD Unveils DM-I Hybrid Technology, to Launch ‘Seal U SUV’ in India This Year
BYD India announced it will introduce the Seal U SUV, its first plug‑in hybrid vehicle, later in 2026, built on the company’s new DM‑i (Dual Mode Intelligent) platform. The DM‑i system prioritises electric driving and uses a gasoline engine only to extend...
L&T Turns to Automation and Robotics as Construction Faces Manpower Challenges
Larsen & Toubro (L&T) is fast‑tracking automation, robotics and digital tools to overhaul its construction business as labor shortages tighten. The company’s order book has swelled to roughly ₹7.5 lakh crore (about $90 billion), up from $36‑$42 billion five years ago, while its workforce grew...
Adani Energy Solutions to Acquire IntelliSmart for ₹3050 Cr; to Become India’s Largest Smart-Metering Entity
Adani Energy Solutions Ltd (AESL) has signed a binding agreement to acquire IntelliSmart Infrastructure for roughly $372 million, creating India’s largest smart‑metering platform. The combined entity will manage over 47 million smart meters across seven states, more than doubling AESL’s existing portfolio....
IFC Commits $50 Million to Hygenco to Promote Green Hydrogen in India
International Finance Corporation (IFC) has pledged $50 million to Hygenco Green Energies, joining Siemens Financial Services, Fullerton Carbon Action Fund, the Clean Technology Fund and Germany’s Frontier Opportunities Fund in a $105 million financing package for green hydrogen projects in India. The...
NTPC Invites Bids for Sub-Critical Thermal Power to Manage Grid Imbalances
India’s state‑run power giant NTPC has issued an Expression of Interest for sub‑critical thermal units of 150‑250 MW that can operate at a minimum 25 % load and run two shifts daily. The move targets grid‑balancing support as renewable penetration rises and...