CCI Approves Jumbotail-Solv Investment Deal

28 May 2025 CW Team

The Competition Commission of India has approved a proposed combination involving Jumbotail Technologies Pvt Ltd (JTPL), Standard Chartered Research and Technology India Pvt Ltd (SCRTIPL), SC Ventures Holdings Ltd, Solv-India Pte Ltd, SCV Master Holding Company Pte Ltd, Artal Asia Pte Ltd, and the founders of JTPL.

The combination includes the complete acquisition of SCRTIPL by JTPL, share issuance by JTPL to SC Ventures and Solv-India, and share subscription by SCV Master, Artal Asia and the founders. Artal Asia and the founders will also support investment obligations of other entities.

JTPL operates a wholesale online marketplace with value-added services. SCRTIPL runs the ‘Solv’ platform, serving Micro, Small and Medium Enterprises with B2B transactions, payments, and credit services.

SC Ventures and SCV Master do not operate directly in India but are involved via subsidiaries. Solv-India is a holding entity without business activity. Artal Asia invests in e-commerce and grocery firms, holding an indirect stake in India through JTPL. The founders focus on running the JTPL Group.

A detailed order from the Commission will be released shortly.

Source: Press Information Bureau (PIB) Delhi

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..