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LCs worth USD 1.5 billion opened for vehicle imports so far in 2025

Sri Lanka, Sept. 24 -- Local banks have opened USD 1,570 million worth of Letters of Credit (LCs) as of September 16, 2025, for the importation of motor vehicles, according to Finance Ministry officia... Read More


D2C Brand P-TAL Raises $3 Mn From VC Grid, Rainmatter, Others

India, Sept. 24 -- D2C brand P-TAL has raised $3 Mn in its Series A funding round led by Venture Catalysts' syndicated fund VC Grid and Nikhil Kamath's Rainmatter. The funding round also saw particip... Read More


Tata Motors slides after reports of extended JLR shutdowns due to cyberattack

Mumbai, Sept. 24 -- The shutdown follows a cyberattack on 31 August 2025 that has crippled JLR's IT systems and brought production to a halt. The incident, widely believed to be a ransomware assault, ... Read More


Enam Holdings-backed Pernia's Pop-Up Shop's parent files draft papers for IPO

New Delhi, Sept. 24 -- Purple Style Labs, which is backed by investors including SageOne Investments, S 4 Four Capital and multiple family offices, has filed its preliminary papers for an initial publ... Read More


HBL Engineering has outperformed the markets. Where will it be in the next 3 years?

New Delhi, Sept. 24 -- HBL Engineering has outperformed the Indian stock market and given solid returns in the last one year. The company, earlier known as HBL Power Systems, is well diversified, thou... Read More


Rating agency ICRA upgrades ACME Solar's 250 MW renewable energy project in Rajasthan

New Delhi, Sept. 24 -- Acme Solar announced on Wednesday that rating agency ICRA has upgraded the credit rating of the long-term loan facility of ACME Aklera Power Technology Private Limited. ACME Ak... Read More


More than 600 IPOs, Rs.80,000 crore raised on BSE-why SME listings worry regulators

New Delhi, Sept. 24 -- India's small and medium enterprise (SME) IPO market has become one of the busiest corners of Dalal Street, minting riches for some but sparking concerns over risks to small inv... Read More


Record pre-Puja rain drowns City of Joy in gloom; 11 killed

India, Sept. 24 -- An overnight spell of torrential rainfall, the heaviest in nearly four decades, inundated Kolkata and its outskirts on Tuesday morning and killed 11 people, leaving the 335-year-old... Read More


Kolkata rains: Record pre-Puja rain drowns City of Joy in gloom; 11 killed

India, Sept. 24 -- An overnight spell of torrential rainfall, the heaviest in nearly four decades, inundated Kolkata and its outskirts on Tuesday morning and killed 11 people, leaving the 335-year-old... Read More


PhonePe's Profit Puzzle: Why UPI Dominance Isn't Enough

India, Sept. 24 -- In the run-up to its $1.2-1.5 Bn public listing early next year, PhonePe is busy resolving its biggest challenge: wafer-thin margins in its core payments business and the need to bu... Read More