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.
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.
4 days ago • India
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.
4 days ago • United States
Onton has raised $7.5 million in seed funding led by Footwork, with participation from Liquid 2, Parable Ventures and 43, bringing total funding to about $10 million. The capital will support product expansion, team growth and international market development.
4 days ago • United States
The World Bank has sanctioned two major projects worth a combined $776 million, to strengthen school education in Punjab and promote climate-resilient farming in Maharashtra. The initiatives are expected to benefit over 6 million people and enhance long-term human capital and farm incomes.
4 days ago • India
NVIDIA has announced a £2 billion investment to supercharge the United Kingdom’s artificial intelligence startup ecosystem. The initiative aims to improve access to advanced computing, support emerging AI founders, create jobs, and strengthen the U.K.’s global standing in the AI sector.
4 days ago • United KingdomFrankfurt Airport and Bangalore International Airport have formalised a strategic air cargo partnership to strengthen trade flows between Europe and India. The agreement focuses on digitalisation, regulatory streamlining, and operational coordination to enhance supply chain efficiency amid shifting global market conditions.
Indian Railways has cleared infrastructure projects worth approximately INR 8.72 billion spanning maintenance depots and corridor upgrades across three zones. The investments target higher passenger throughput, improved freight efficiency and reduced congestion in key rail corridors linked to ports and industrial regions.
Karnataka’s 148-km Bengaluru Suburban Railway Project is expected to carry nearly 1.9 million passengers daily and significantly reduce surface congestion by integrating with Metro, rail and bus systems. The Rs.23,342 crore initiative aims to modernise urban mobility while lowering emissions and improving multimodal connectivity.
Saudi Arabia’s Ministry of National Guard - Health Affairs has launched a tender to establish a rainwater drainage network at King Abdulaziz Medical City in Riyadh. The project aims to enhance infrastructure resilience and operational efficiency across medical storage facilities, supporting continuity of healthcare services.