Premji Invest, Ranjan Pai Team Up to Invest in Akasa Air

23 Aug 2024 CW Team

Premji Invest, alongside Ranjan Pai's investment group, is set to acquire a stake in Akasa Air, marking a significant boost for the burgeoning airline. This strategic investment underscores the confidence of prominent investors in Akasa Air's potential and growth trajectory.

The partnership is poised to enhance Akasa Air's financial stability and operational capabilities, contributing to its expansion plans. This move is expected to provide the airline with additional resources for fleet expansion, network development, and service improvements, strengthening its competitive position in the Indian aviation market.

The investment reflects a growing interest in India's aviation sector, which continues to attract significant attention from both domestic and international investors. By joining forces with Akasa Air, Premji Invest and Ranjan Pai's team aim to capitalize on the airline's potential for growth and success in a rapidly evolving industry.

This development aligns with Akasa Air's strategic goals and highlights the increasing investor confidence in the airline's vision and future prospects. The partnership is anticipated to play a pivotal role in supporting Akasa Air's continued development and success in the competitive aviation landscape.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..