CAG Highlights Rs.26.04 Bn Financial Loss to Railways Over Interest Payments, GST

Westermo Opens India Office, Built in Partnership with Space Matrix

Westermo, a global leader in industrial network solutions, has opened its first office in India. Located at Godrej Centre, Hebbal, Bengaluru, the 10,000 sq ft facility was designed and built in collaboration with multinational workplace consultancy Space Matrix. The office marks a key milestone in Westermo’s Asia expansion strategy and is tailored to support innovation, collaboration, and growth. The design of the new workspace blends Westermo’s global industrial brand language with Indian craftsmanship. Developed alongside Westermo’s Swedish branding team, the design incorporates n..

Artha Global Makes India Debut with Rs 7 billion Private Credit Deal

Artha Global Opportunities Fund, one of the largest Category III AIFs based in GIFT City, has announced its first private credit investment in India with an infusion of Rs 7 billion into Phoenix Triton, a 2.8 million sq ft commercial real estate development in Hyderabad’s financial district. The funding is structured as a four-year non-convertible debenture (NCD) with a variable return model linked to the project’s sales performance. With both floor and cap interest rates, the structure aims to reduce cash flow pressures on the developer while offering investors upside aligned with pr..

H&H Aluminium Sets Up India’s Largest Solar Frame Plant

H&H Aluminium has announced the commencement of trial production at its new 28,000 sq metre solar panel aluminium frame facility in Rajkot. Built with an investment of around Rs 1.5 billion, the state-of-the-art plant is among the most advanced of its kind in India. Commercial production is expected to begin within a month. At full capacity, the plant will support annual sales of Rs 7-7.5 billion and generate employment for over 300 people. Sharing more details, Uttam Patel, Director, H&H Aluminium, said, “This will be India’s largest and most advanced solar panel al..