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Investments & Funding;Startups

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

The African Development Bank Group has approved a EUR 6.5 million commitment to the Saviu II venture capital fund to strengthen seed-stage technology financing in Francophone West and Central Africa. The investment, supported by the European Commission under Boost Africa, aims to accelerate digital entrepreneurship and regional market integration.

Central Africa;Western Africa | 1 hour ago

Oil & Gas;Investments & Funding

Petronet LNG secures INR 120 billion term loan to advance petrochemicals expansion

Petronet LNG Ltd has arranged a INR 120 billion rupee-denominated term loan from State Bank of India and Bank of Baroda to fund its upcoming petrochemicals project and related capital expenditure. The financing strengthens balance sheet support for downstream diversification.

1 hour ago • India

Investments & Funding;Luxury & Lifestyle

Rosy Blue and Kashikey announced investment of ₹10 billion to scale experiential jewellery brand QWEEN

Rosy Blue and Kashikey are investing ₹10 billion to expand QWEEN, an experiential jewellery brand set to launch large-format stores in Bangalore and Delhi by February.

1 hour ago • India

FMCG;Mergers & Acquisitions

Reliance Industries consolidates FMCG Pportfolio under New RCPL following internal demerger

Reliance Industries has completed the transfer of its consumer brands business into New Reliance Consumer Products Ltd, making the entity an 83.56% direct subsidiary. The restructuring streamlines ownership of the FMCG portfolio and simplifies the group’s retail and consumer products structure.

1 hour ago • India

Mergers & Acquisitions;Ecommerce

JD acquires majority stake in Ceconomy in strategic European retail expansion

JD secures 59.8% stake in German electronics retailer Ceconomy, with total control reaching 85.2% alongside partner Convergenta. The deal, pending regulatory approval, marks JD's strategic move into overseas markets.

1 hour ago • China

Mergers & Acquisitions;Electronics;Investments & Funding;Startups

US Commerce Department to invest up to $150 million in in chip laser startup

The U.S. Department of Commerce plans to invest up to $150 million in xLight, a startup developing free-electron laser systems for semiconductor lithography. The proposed funding marks the first investment under the administration’s semiconductor R&D framework.

1 hour ago • United States

Latest News

Transportation | 4 minutes ago

NHAI awards HAM-based Odisha ring road contract to H.G. Infra Engineering

India’s highway authority has issued a project award to H.G. Infra Engineering for a six-lane access-controlled ring road segment in Odisha under the HAM framework, expanding the contractor’s order book and reinforcing long-term annuity-led infrastructure development in eastern India.

Business & Corporate | 1 hour ago

AFDB commits EUR 6.5 million to Saviu II to scale early-stage tech ventures in Francophone Africa

Industry & Manufacturing | 17 minutes ago

STRABAG subsidiary ZÜBLIN wins major Codelco contracts for Chuquicamata underground expansion

STRABAG’s subsidiary ZÜBLIN has secured two large-scale contracts from Codelco to advance the underground transformation of the Chuquicamata copper mine in Chile. The project includes more than 54 kilometres of tunnelling and critical infrastructure works, with completion targeted for 2031 and a workforce of around 1,200.

Agriculture & Food | 18 minutes ago

Mizoram tables ₹174.7 billion FY27 budget prioritising agriculture and connectivity

Mizoram has proposed a ₹174.7 billion budget for FY2026–27, with allocations focused on agriculture, connectivity and social infrastructure. The plan includes continued funding for farmer support programmes and supplementary grants of ₹37.24 billion for the current fiscal, reflecting a calibrated approach to fiscal management and development spending.