In a big push for the "Make-in-India" programme, Prime Minister Narendra Modi on Monday jointly inaugurated the Tata Aircraft Complex for manufacturing C-295 aircraft with his Spanish counterpart Pedro Sanchez in Vadodara.

In a big push for the "Make-in-India" programme, Prime Minister Narendra Modi on Monday jointly inaugurated the Tata Aircraft Complex

Watch: Inauguration of Tata Aircraft Complex in Vadodara

Home and furnishings company Wakefit Innovations Ltd has mobilised Rs 186 crore from three investors, Steadview Capital, WhiteOak Capital, InfoEdge and Temasek-backed Capital 2B, ahead of its initial share-sale opening for public subscription.
As a part of the transaction, Steadview Capital Mauritius, WhiteOak Capital and Capital 2B collectively purchased 95.57 lakh equity shares at Rs 195 apiece, according to a public announcement by Wakefit.
Individually, Steadview Capital picked up shares worth Rs 101 crore, WhiteOak invested Rs 72 crore, and Capital 2B infused Rs 13 crore.
These shares were purchased from Peak XV Partners, Redwood Trust and Verlinvest SA, and secondary share transfers were completed on December 3 and 4.
Following this round, Wakefit on December 5 collected Rs 580 crore from anchor investors, including HDFC Life Insurance, Bajaj Life Insurance, Prudential Hong Kong, 360 One, Steadview Capital,  Amundi Funds New Silk Road, HDFC Mutual Fund, and Axis Mutual ...

With the anchor allocation completed, Wakefit is now set to launch its ₹1,289-crore initial public offering (IPO), which will open for subscription on December 8

Press Trust of India

State-owned National Aluminium Company Ltd (Nalco) is aiming to start its Pottangi bauxite mines in Odisha by June next year as the company plans to ramp up its mining capacity supporting its goal of expanding its integrated aluminium business.
Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines.
"...our target is June next year we will be starting the mines," NALCO CMD Brijendra Pratap Singh said.
The company is set to enhance its alumina production capacity at its Damanjodi refinery in Koraput district, Odisha.
Nalco operates a 2.275 million tonnes per annum (MTPA) alumina refinery at the site and is undertaking the installation of a 5th stream that will add an additional 1 MTPA capacity.
To support this expansion, the Odisha government has granted Nalco a mining lease for the Pottangi Bauxite Deposit in Koraput district. The lease covers an area of 697.979 hectares and is valid for 50 years, ensuring steady raw material suppl

Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines

Apple announces 2025 App Store Award winners. Motorola's ultra-thin Edge 70 to launch soon. HMD 100 and 101 phone. Samsung First Look event on Jan 4. Microsoft Store Awards. Gemini 3 Deep Think

Business Standard

India's DPDP Act has prompted firms to reassess cyber and D&O liability limits, lifting enquiries but not yet translating into a surge in purchases

From deadly heatwaves and massive floods to powerful quakes and cyclones, 2025 witnessed severe natural disasters across the globe

Delhi's air quality remained in the 'very poor' category as dense smog blanketed the city, while a cold wave swept through north India. Pollution levels surged, with several hotspots crossing the 300

Healthcare industry body NATHEALTH has asked the government to increase public spending on healthcare to over 2.5 per cent of GDP with urgent action to tackle non-communicable diseases, including tax deductions of up to Rs 10,000 on individuals for preventive health check-ups.
In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage.
The recommendations call for a balanced mix of fiscal support, structural reforms, and public-private collaboration to build a robust, future-ready health system, it said in a statement.
In its recommendations, NATHEALTH asked the sector to be declared 'core infrastructure' and create a healthcare infrastructure fund of Rs 50,000 crore, saying currently there is limited access to long-term, lower-cost capital for hospitals and diagnostic networks.
New projects have long gestational periods requiring flexible mid-term ...

In its pre-Budget recommendations to the government, NATHEALTH said it outlined a roadmap to strengthen healthcare delivery, foster innovation, and expand insurance and preventive coverage

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Watch: Inauguration of Tata Aircraft Complex in Vadodara

In a big push for the "Make-in-India" programme, Prime Minister Narendra Modi on Monday jointly inaugurated the Tata Aircraft Complex for manufacturing C-295 aircraft with his Spanish counterpart Pedro Sanchez in Vadodara.

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