Bharat Forge Buys AAM India For Rs 7.46 Billion
Bharat Forge Limited (BFL) has completed the purchase of AAM India Manufacturing Private Limited in an all cash deal valued at Rs 7.46 billion. First announced on 17 October 2024, the takeover received Competition Commission of India clearance on 22 April 2025 and closed after final regulatory approvals.AAM India brings a cash reserve of Rs 1.89 billion, which BFL plans to deploy for growth initiatives and technology upgrades. The final equity consideration may be adjusted for net working capital as at 30 June 2025.The acquisition adds a long standing supplier of powe..
QNu Labs Launches QConnect and QVerse for Quantum-Safe Security
QNu Labs, India’s pioneering quantum cybersecurity company, has announced the launch of two breakthrough platforms – QConnect and QVerse – developed to safeguard enterprises and defence agencies from next-generation cyber threats posed by quantum computing. Fully designed, built, and commercialised in India, these platforms mark a significant stride towards aligning with the National Quantum Mission and advancing global cybersecurity standards. As quantum computing advances, existing encryption systems are at risk of becoming obsolete, making sensitive data vulnerable to irreversibl..
Adani Green Surpasses 15,000 MW in Renewable Capacity
Adani Green Energy (AGEL) has achieved a significant milestone by surpassing 15,000 megawatts (MW) of operational capacity, specifically reaching 15,539.9 MW. This accomplishment marks the fastest and largest capacity addition in India to date. The operational portfolio includes ~11,005.5 MW of solar, ~1,977.8 MW of wind, and ~2,556.6 MW of wind-solar hybrid capacity. AGEL is the first and only renewable energy company in India to attain this landmark achievement, primarily through greenfield projects. Speaking on the milestone, Ashish Khanna, CEO, AGEL, said: “Surpassing the 15,000 MW ..
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