CCI Clears ICICI Prudential AMC’s Acquisition Of ICICI Venture Units

27 Nov 2025 CW Team

The Competition Commission of India has approved the acquisition of certain businesses from ICICI Venture Funds Management Company Limited by ICICI Prudential Asset Management Company Limited.

The proposed combination involves ICICI Prudential AMC taking over specific businesses currently operated by the seller. The acquirer manages mutual funds, provides portfolio management services, manages alternative investment funds and offers advisory services to offshore clients. It is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, a wholly owned subsidiary of Prudential plc.

The target businesses include: (a) the business of managing and/or sponsoring five identified SEBI-registered Alternative Investment Funds (the IM Business), and (b) the business of providing non-exclusive, non-binding advice to an identified offshore investment fund (the Advisory Business).

The advisory segment relates to offering non-binding, non-exclusive investment recommendations and guidance on private equity investments in India under an Investment Advisory Agreement.

The Commission stated that a detailed order will be issued in due course.

Infrastructure Urban

16 Jan 2026

Rosatom Delivers Nuclear Fuel for Kudankulam Unit 3

Rosatom has recently supplied nuclear fuel for the initial loading of the VVER-1000 reactor core at Unit 3 of the Kudankulam Nuclear Power Plant, marking a key milestone in the second stage of the Russian-designed nuclear power project in southern India.The fuel was supplied by Rosatom’s Nuclear Fuel Division, managed by TVEL, and manufactured at the Novosibirsk Chemical Concentrates Plant. The delivery includes the initial reactor load along with reserve fuel assemblies and is part of a long-term contract covering the entire operational life of Units 3 and 4.Building on operational experien..

CBL International Enables First LNG Bunkering at Xiaomo Port

CBL International recently completed the first-ever LNG bunkering operation at Xiaomo Port, supplying liquefied natural gas to vessels operated by BYD in support of its maritime decarbonisation strategy. The operation was facilitated through a physical supplier in collaboration with China National Offshore Oil Corporation (CNOOC), which supported the port’s inaugural LNG bunkering activity. The milestone represents a strategic expansion of CBL International's sustainable fuel offerings beyond biofuels, while also diversifying revenue streams. As global shipping intensifies efforts to cut em..

Aimtron, Aurassure Partner for IoT Weather Systems

Aimtron Electronics has recently entered into an OEM manufacturing engagement with Aurassure to produce new-age, IoT-enabled weather and environmental monitoring systems in India. The collaboration supports the growing demand for real-time environmental intelligence across urban, industrial and infrastructure applications. The engagement comes as global focus on climate-risk management and data-driven planning accelerates. The global weather monitoring systems market, valued at around USD 2.1 billion in 2024, is projected to reach nearly USD 4.8 billion by 2034, driven by the rapid adoption o..