
In a new agreement, Greenko founders plan to purchase a stake from Orix.
According to persons acquainted with the situation, the founders of Greenko Energy Holdings, an Indian clean energy producer, are still in the process of acquiring Orix Corp.'s ownership part in the business, even though the Japanese financial organization said that the deal would not proceed. According to persons who asked not to be identified in order to discuss sensitive things, Greenko co-founders Anil Chalamalasetty and Mahesh Kolli are modifying the deal structure to clear the path for the acquisition to move forward. According to Bloomberg Intelligence, Greenko's largest owner, with a 58% ownership, is Singapore's sovereign wealth fund, GIC Pte.The founders of Greenko had originally intended to finance half of the $1.46 billion purchase of Orix's 20% stake with cash, with the remaining portion to be financed through the issuance of convertible bonds by their firm, AM Green (Luxembourg). According to the people, the conditions are still negotiating and could change under the new structure, which would allow Greenko's founders to finance the acquisition with less cash and more convertible note investment. The size of a private loan supporting the sale has decreased from an initial $800 million to about $600 million, they added, in light of the expectations for the smaller cash portion.The loan will probably still rank among the biggest private credit agreements in India this year, where direct lending has exploded due to Prime Minister Narendra Modi's infrastructure push, which is driving up demand for money for everything from roads to solar power.
Published 20 May 2025 05:37 PM


In collaboration with Kissandhan Agri Financial, Dvara Solutions
Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.Kissandhan Agri Financial Services Pvt Ltd (Kissandhan), an RBI-regulated NBFC and a fully owned subsidiary of Sohan Lal Commodity Management Limited (SLCM), has established a strategic alliance with Dvara Solutions.Through this partnership, Kissandhan will make use of Perdix, the main product of Dvara Solutions, which includes its co-lending module, platform services, reporting, loan origination system, and loan administration system.More than 20 institutions currently use Dvara Solution's Perdix, which enables the management of more than ₹15,000 crore in assets. Kissandhan will improve its capacity to provide medium-term loans, group loans, farmer loans, and microloans against property (Micro LAP) by implementing Perdix. As of April 30, 2025, Kissandhan had already given out ₹3,263.99 cr in loans to farmers, affecting almost 7 lakh farmers and 37,185 women who received loans in the agricultural and related sectors. Through tight adherence to regulatory standards, the integration seeks to improve client experience, promote growth and operational efficiency, and streamline Kissandhan's end-to-end loan lifecycle operations.Our goal at Kissandhan is to empower farmers and business owners throughout the Agri and Rural ecosystem by offering financial solutions that meet international standards. This partnership demonstrates our dedication to building a cooperative ecosystem, increasing efficiency and transparency throughout the whole loan lifecycle, and giving our clients and borrowers peace of mind. By collaborating with Dvara Solutions, we will be able to provide customized financial products more quickly. According to Gurinder Singh Sehmbey, CEO of Kissandhan Agri Financial Services, "the Perdix platform integration will further streamline our lending processes, allowing us to provide customized loans to a wider range of segments, in rural eco system."
Published 13 May 2025 08:56 PM


The bulk of the electric 3W firm Astro Motors is acquired by Remsons Industries.
The majority stake in Astro Motors Private Ltd, an electric three-wheeler manufacturing company, will be acquired for ₹14.22 crore in an equity and cash deal by Remsons Industries Ltd, an automotive OEM components manufacturer that supplies two, three, and four-wheeler vehicles, commercial vehicles, and off-highway vehicles in India and to automotive OEMs worldwide.The company Astro Motors is involved in the development and production of electric vehicles for micromobility, loaders, passengers, and cargo.With a facility in Chakan, Pune, Astro supplies gear technology with a range of 131 kilometers and payload capacity of 747 kg.The business, which intends to introduce its product this year, has hired dealers and is growing its network throughout India. "This purchase is a crucial step in our quest to expand in a sustainable way," stated Rahul Kejriwal, Executive Director of Remsons Industries. "We see a lot of room for growth in this segment as we continue to expand our portfolio. We also want to establish our presence in the rapidly growing electric three-wheeler segment while opening up new business opportunities," he continued.The majority (51.01%) of the electric three-wheeler firm Astro Motors has been purchased by Remsons Industries. The ₹14.22 crore transaction is made up of both cash and shares. Electric three-wheelers are developed and produced by Astro Motors for a range of uses, such as weight carrying, passenger transportation, and cargo.
Published 17 Apr 2025 09:02 PM


Renault will buy Nissan's 51 percent share in its Indian auto manufacturing division.
According to news agency Reuters, the Renault Group declared on Monday, March 31, that it intends to purchase the remaining 51% of Renault Nissan Automotive India Private Ltd, which is owned by the Japanese carmaker.Nissan controls 51% of the Chennai-based subsidiary Renault Nissan Automotive India Private Ltd, which began operations in 2010, according to the news report.At the beginning, the Japanese automaker owned 70% of the company, with the Paris-based Renault holding 30% as well. As part of the agreement to invest $600 million to manufacture six automobile models in India, Nissan's stake decreased from 70% to 51% in 2023.According to the agency report, Renault and Nissan also declared on Monday that they had reached an agreement to modify their long-standing relationship by allowing the decrease of their cross-shareholdings to 10% from the previous 15% levels. In the official statement referenced in the story, Renault CEO Luca de Meo stated, "As Nissan's primary shareholder and a longstanding partner within the alliance, Renault Group has a strong interest in seeing Nissan turn around its performance as quickly as possible."Nissan will no longer be bound by the agreement's revised terms to invest in Renault's electric vehicle (EV) division, Ampere. At first, the business intended to invest 600 million euros in the EV project.
Published 01 Apr 2025 09:33 PM


The NIFTY50 hovers above 22,800, the SENSEX jumps 1,131 points, and the whole market shines as well.
The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000.Tuesday, March 18, saw a 1.5% increase in the Indian stock market due to strong buying in the financial and metals sectors and outperformance by the overall market. The encouraging global cues also improved market sentiment. The NIFTY50 and SENSEX both ended the day at their one-month high. For the first time since February 21, 2025, the 50-share NIFTY 50 index surpassed the 22,800 level. Additionally, the BSE SENSEX leveled off above 75,000. The NSE's NIFTY50 index closed 325.55 points, or 1.45%, higher at the 22,834.30 level, while the S&P BSE SENSEX closed at 75,301.26, up 1,131.31 points, or 1.53%. Out of the 3,016 equities that were traded on the NSE, 2,288 scrips rose, indicating that the market attitude continued in favor of bulls. At the end of the day, the smallcap and midcap indices both saw gains of nearly 2.8%. On Tuesday, all sectoral measures ended the day higher.Investors are also anticipating updates about tariffs and the US Fed's interest rate decision.
Published 18 Mar 2025 06:09 PM


How have portfolio managers performed in terms of returns when comparing mutual funds and PMS?
Current Market News Live Updates for Today: Watch the market wrap-up for today! Follow the fluctuations of the Sensex and Nifty 50, as well as the top winners and losers. See which sectors drove the growth (or drop) and how the US and Asian markets performed. Summary: For up-to-date information on your favorite businesses, follow Mint's market blog. This blog provides you with up-to-date information about global markets and Dalal Street.Late September 2024 saw the top of the Indian equity market, with many large-, mid-, and small-cap companies reaching all-time highs. But ever since, the market has been in a gloomy mood as investor morale has been affected by headwinds including high valuations, a slowdown in profitability, uncertainties around international trade, etc. As of February 21, 2025, the BSE Sensex has down 12.2%, the BSE Midcap has fallen 18.6%, and the BSE Smallcap index has fallen 20.5% from its peak.Based on 5-month returns, NAV decreases of 4–26% have been recorded for equity mutual funds across all categories as a result of the market's severe downturn.
Published 01 Mar 2025 07:41 PM


Highlights of the Budget and Economic Survey: As the budget session starts, FM Nirmala Sitharaman presents the Indian economy report.
Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey, which examines the Indian economy, governmental policies, and prospects for the future. It discusses socioeconomic problems including poverty and education as well as macroeconomic performance.Highlights of the Budget and Economic Survey: On January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to Parliament, which will include a thorough examination of the Indian economy with an emphasis on a few important areas. Economic Survey: What Is It? The Indian economy's performance, governmental policies, and prospects for the next fiscal year are all summarized in the Economic Survey. It is separated into two sections: Part A examines economic performance, focusing on fiscal trends and macroeconomic statistics, while Part B discusses socioeconomic concerns like poverty, education, climate change, and the prospects for GDP growth, inflation, and trade.The Economic Survey is created by whom? The Department of Economic Affairs' economic section, led by Chief Economic Advisor (CEA) V Anantha Nageswaran, prepares the Economic Survey. The Economic Survey will be presented by whom? One day prior to the budget speech, on January 31, Union Finance Minister Nirmala Sitharaman will deliver the Economic Survey to the Parliament.
Published 31 Jan 2025 10:22 PM


EUR/USD remains firm as Trump raises tariffs cautiously
As US President Donald Trump announced lower-than-expected tariffs on China, EUR/USD stayed strong above 1.0400. ECB's Lagarde cautioned that the Euro bloc should be ready for US tariffs, while ECB's Stournaras said that if the US imposes tariffs on the Eurozone, the pace of policy easing could quicken.In Wednesday's North American session, the EUR/USD maintains its rise above the crucial support level of 1.0400. As investors assess the United States' (US) clear tariff measures to construct new positions, the key currency pair continues to rise. Following a new two-week low of 107.75, the US Dollar Index (DXY), which measures the value of the US dollar relative to six major currencies, recovers intraday losses.United States (US) President Donald Trump is ready to hike 25% tariffs on Mexico and Canada and 10% on China, which will come into effect on February 1. Although he hasn't given specifics yet, Trump has also pledged to address trade imbalances with the Eurozone. Trump stated on Monday that he would either "raise tariffs or Europe buy more US oil and gas" to address the trade deficit. The US Dollar's (USD) demand as a safe haven is declining as a result of these tariff calls, which seem less alarming than what market players had expected from Trump's remarks during the election campaign.Traders may be forced to reduce their bets on the Federal Reserve (Fed) to maintain interest rates at their current levels for an extended period of time if Trump's tariff rises are less drastic than anticipated. Market investors currently anticipate that for the next three policy sessions, the Fed will maintain borrowing rates between 4.25% and 4.50%.
Published 22 Jan 2025 09:56 PM


Axar Patel leads DC to a decisive victory over Rishabh Pant's LSG on a night that contrasts for the captains.
Returning to Lucknow for the first time since his unsatisfactory dismissal from the team, KL Rahul ended the game with a spectacular six to go undefeated in a run-chase with a 42-ball 57.On a night full of stories at Lucknow's Ekana Stadium, the Delhi Capitals won by 8 wickets in a 160-run chase, solidifying their status as this season's title contenders. KL Rahul, who is making his first appearance in Lucknow after his unsatisfactory dismissal from the team, ended the game with a spectacular six to go undefeated in a run chase with a 42-ball 57. In the twelfth over of their respective innings, LSG and DC both lost their second wicket. Axar Patel entered when a composed Abishek Porel collapsed. At this point, DC was only under a little pressure to take a few wickets, but it might have grown complicated because new batters take time to get comfortable. With two sixes over the midwicket zone, his favorite hit against spin, Axar took out Ravi Bishnoi in the very next over after Avesh Khan had dismissed him after four dot balls.In the following over, facing Avesh once more after being outscored by a few deliveries, he decided to take a chance and hit a four to try to clear the fielder at mid-off. The most impressive stroke came from Shardul Thakur, who took up a not-so-short ball with the weight still on his backfoot and sent it over long on for a six.
Published 23 Apr 2025 08:56 PM


Nitish Rana on RR not selecting him for Super Over against DC despite 51 off 28: "One person never takes the call."
Despite hitting 51 off 28 balls against the Delhi Capitals, Nitish Rana was left out of the Super Over lineup as the Rajasthan Royals entered with Hetmyer and Riyan Parag.Nitish Rana remained in the middle until the 18th over of the chase after smashing 51 off 28 balls. At the Arun Jaitely Stadium in New Delhi on Wednesday, the Rajasthan Royals sent neither batsman to bat despite Yashasvi Jaiswal's 51 off 37 balls in the Super Over against the Delhi Capitals. Eyes were rolling when Shimron Hetmyer and Riyan Parag came out to bat in the Super Over. Rana wasn't even on the list of the three batters for the Super Over, but Jaiswal was chosen to bat following a wicket fall.RR's choice proved to be a poor one as Mitchell Starc of DC cramped the Hetmyer for space with yorkers and the reverse swing, allowing him to begin the Super Over with a dot ball. The Australian bowler was hit for four after missing his mark on the next delivery, but he recovered with another low full toss in the third ball. A single was taken by Hetmyer.Starc's low full toss was hit by Riyan Parag over third man for a boundary, sometimes known as a no-ball. After it appeared that RR would easily reach 15 with three balls left, the game took yet another sharp turn. RR was bowled out for just 11 as Parag and Jaiswal were ran out in the following ball.KL Rahul and Tristian Stubbs smash two sixes in the first three balls of Sandeep Sharma's Super Over to give DC a historic victory, so the total was insufficient. Following the game, Nitish Rana stated that the decision to send Riyan Parag and Shimron Hetmyer instead of him for the Super Over was made by the RR management. Rana said he didn't have an alternative response, adding that if Hetmyer had hit a couple of sixes in the Super Over, the questions would have been different."The call is answered by management, not a single individual. Along with two other senior players and coaches, the captain is present. You wouldn't be asking this question if Shimron Hetmyer had hit two sixes. I'll respond with the same response. I have no other response. Every choice we made was the right one. Everyone knows that Hetmyer is our finisher. During the press conference, Rana stated, "He has previously delivered."
Published 17 Apr 2025 09:05 PM


Who Won CSK vs. RR, Match 11 in Yesterday's IPL 2025 Match?
The outcome of yesterday's IPL 2024 match between CSK and RR: Watch the most recent IPL action as CSK and RR square off in the 2025 season's first game. Get all the match information and updates here, along with the results of the encounter.The highly anticipated Match 11 between the Chennai Super Kings (CSK) and Rajasthan Royals (RR) in the Indian Premier League (IPL) 2025 season was played at the Barsapara Cricket Stadium in Guwahati.Chennai Super Kings (CSK) lost against Rajasthan Royals (RR) by a margin of six runs. First to bowl, RR amassed 182 runs. Despite pursuing the objective, CSK ended up at 176 for 6 in 20 overs. The Rajasthan Royals (RR) defeated the Chennai Super Kings (CSK) by 6 runs in the March 30 IPL 2025 match. After two losses earlier in the season, this victory was RR's first. In contrast, CSK lost this game for the second time in a row.Highlights of the IPL 2025 match between the Rajasthan Royals and Chennai Super Kings: Wanindu Hasaranga takes four wickets to help the Royals overcome the Super Kings by six runs.
Published 31 Mar 2025 08:23 PM

India's bold strategy aids in a quick T20 reconstruction
The world champions are creating an environment where players perform well without worrying about keeping their spots in the squad or taking wickets.Kolkata: Although it's early, the process and outcomes give hope that India would successfully defend the T20 World Cup at home the following year. Despite the pessimism caused by the Test and ODI transition issues, India's T20 trajectory stands out thanks to series victories against South Africa, Bangladesh, Sri Lanka, Zimbabwe, and now England. Even more so when one considers that Kuldeep Yadav, Shubman Gill, Jasprit Bumrah, Rishabh Pant, and Yashasvi Jaiswal have not been parachuted in.This is most likely a greater accomplishment. However, they have approached it virtually undetected. No culture of stars. Verify. No set order for batting. Verify. Just a group of young, talented, and incredibly self-assured cricket players going about their business without worrying about career curves. By the way, all IPL linchpins.Captain Suryakumar Yadav acknowledges his lack of quality as he is left off the Champions Trophy roster. Abhishek Sharma thinks a ball is there to be struck, hence he doesn't count returns. As long as Tilak Varma is at the crease, the second Twenty20 match in Chennai demonstrated that no equation is too difficult. And the fact that India lost to 12/3 and then 79/5 at Pune on Friday, yet still managed to score 181, demonstrated that the previous game's disaster chasing in Rajkot was really a fluke. The realization that not everything can be managed lies at the core of this long-term upsurge. Earlier this week, Sitanshu Kotak, India's new batting coach, said it. "To achieve a score of 200 or 225, and if you are
Published 04 Feb 2025 04:28 PM


Muslim leaders in the Karnataka Congress resign as rage over the Dakshina Kannada killings intensifies
In further trouble for the beleaguered Karnataka Congress, a number of Muslim leaders resigned from their positions on Thursday, including KPCC general secretary M S Mohammed and minority wing president K K Shahul Hameed of Dakshina Kannada district. This was due to an increase in communal violence in Dakshina Kannada.In the most recent incidence, a friend and coworker were gravely hurt when Abdul Rahim was hacked to death in broad daylight on Tuesday in Bantwal, close to Mangalaru. The Home Ministry, led by G Parameshwara, has been accused by the Congress employees who resigned of not doing enough to stop intercommunal violence in the area.In protest of the government's alleged inability to stop the string of "communal murders" in the district and its marginalization of community leaders, a number of Muslim Congress leaders in Dakshina Kannada, ranging from booth-level to state-level, announced their resignations from their party positions on Thursday. Under the direction of M.S. Mohammed, general secretary of the Karnataka Pradesh Congress Committee, the statement was made at an emergency gathering of party workers held at Shadi Mahal in Bolara here. The leaders were compelled to announce their resignations by irate employees as they debated waiting a few more days for the government's response.Shahul Hameed, the president of the Congress's District Minority branch, informed party members that Chief Minister Siddaramaiah had contacted him to caution local leaders against making any snap choices. According to Mr. Hameed, the CM urged him to wait a little while longer and informed him that the matter had also reached the party high command.
Published 31 May 2025 08:03 PM


To accelerate development, PM Modi calls on states to cooperate with the center.
Punjab laments "step motherly treatment," T.N. demands a larger portion of Central tax income, and the PM encourages States to create world-class tourism destinations and incorporate women into the workforce at the Niti Aayog Governing Council meeting.Some States, including Tamil Nadu and Punjab, complained to the Center while others offered proposals to accelerate their growth, despite Prime Minister Narendra Modi's call for the States to unite with the Center to accelerate national development.Prime Minister Narendra Modi made a strong case for cooperative federalism on Saturday, emphasizing the value of coordinated action between the federal government and the states. He said that no goal is impossible when India works as "Team India." The Prime Minister, who chaired the 10th meeting of Niti Aayog's Governing Council, emphasized the importance of accelerating development efforts in order to achieve a "Viksit Bharat" by 2047. The purpose of the gathering, which had as its topic "Viksit Rajya for Viksit Bharat@2047," was to synchronize national and state developmental goals. "Every Indian aspires to Viksit Bharat. Bharat will be Viksit once all the states are Viksit. Prime Minister Modi stated, "This is what its 140 crore citizens want."The chief ministers of every state, lieutenant governors of Union Territories, and a number of Union ministers make up the Governing Council, the highest authority within Niti Aayog. The Prime Minister promoted a bottom-up approach to development while serving as the council's head. "Our goal should be to make every state, city, Nagar Palika, and hamlet viksit. We won't have to wait till 2047 to achieve Viksit Bharat if we continue along these lines," he continued.He suggested that every state choose and create at least one internationally renowned tourism destination with all the amenities and infrastructure of today. "One State: One Worldwide Location." The Prime Minister pointed out that it will also result in the growth of nearby cities as tourism destinations.He called for an emphasis on creating "future-ready cities" with development driven by growth, innovation, and sustainability, acknowledging the rapid rate of urbanization in India. In addition, the Prime Minister emphasized the significance of boosting women's employment. He stated that in order for them to be politely included into the labor, rules and procedures must be created.
Published 28 May 2025 07:55 PM


Why the Madhya Pradesh Congress has targeted Shivraj Chouhan's stronghold in order to implement changes
Beginning with the district of Vidisha, the Madhya Pradesh Congress has begun what it describes as its most comprehensive organizational reorganization exercise in decades. In order to restore the party's grassroots presence following a string of election setbacks in the state, the plan creates a new level of panchayat and ward-level committees.This new organizational model has chosen Vidisha as a test project, and if it works, it will be used in all 52 Madhya Pradesh districts. This is part of the state Congress's larger proposal to declare 2025 a year of "organizational renaissance."One and a half years have passed after the Congress' disastrous performance in the 2023 state Assembly elections, in which it only managed to get 66 of 230 seats. With 163 seats, the BJP won a resounding majority and was able to hold onto power for another term. Following this, the Congress was overwhelmingly defeated in the state's 2024 Lok Sabha elections, losing 29 seats—including the Vidisha seat—at the hands of the BJP.
Published 27 May 2025 09:06 PM


What is wrong with Gujarat's Congress absent leadership, frontal groups for demoralized employees, and links to the BJP
Congress activists in Gujarat were "demoralized" by the national party leadership's lack of participation in state unit matters and the alleged collusion of certain state party leaders with the BJP. In their reports to the party high command, the observers from the All India Congress Committee (AICC), who were sent to supervise the selection of the presidents of the District Congress Committees (DCCs) throughout Gujarat, have raised some of these issues. A five-member panel consisting of an AICC observer and four Gujarat Pradesh Congress Committee (GPCC) observers was assigned to supervise the changes and guarantee the smooth operation of the DCCs in all 41 districts of Gujarat, a state where the party has been out of power for 30 years, as part of the AICC leadership's pilot project, which is reportedly the brainchild of Leader of the Opposition in the Lok Sabha Rahul Gandhi.
Published 21 May 2025 05:41 PM