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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..