Govt Rolls Out EV Subsidy
Your daily dose of business news
🗞️ UPI growth shifts to daily spend
Groceries and everyday essentials are powering UPI volumes even as investments and lending transactions cool.
💬 Expert Take — “As UPI demand tilts toward high-frequency grocery purchases, the ecosystem’s next leg will be loyalty, credit overlays, and merchant monetization.”
🗞️ ₹3,330 cr fab unit pact in Gujarat
UST and Kaynes to invest ₹3,330 crore for a semiconductor manufacturing unit in Gujarat, strengthening India’s chip supply ambitions.
🗞️ 100% subsidy for EV charging infra
Government rolls out a 100% subsidy for EV charging infrastructure under PM E-Drive, targeting faster network buildout.
💬 Expert Take — “Full CAPEX support can accelerate charger density—success now hinges on uptime SLAs and discom coordination.”
🗞️ D-Mart raises ₹100 cr, expands in Delhi
Avenue Supermarts raised ₹100 crore via short-term debt and opened a new store in Delhi, indicating steady expansion amid disciplined capital use.
🗞️ Kapiva raises $60 mn for scale-up
Ayurveda brand Kapiva secured $60 million from 360 One and Vertex Growth to boost R&D and brand investments.
🗞️ Air India lines up $215 mn debt
Air India raised $215 million from Standard Chartered Bank of India, supporting fleet and operational plans.
🗞️ Carlsberg commits ₹1,250 cr in food processing
Carlsberg to invest ₹1,250 crore in India’s food processing sector, aiming at capacity and supply-chain upgrades.
🗞️ TCS inks mega Bengaluru lease
TCS leased 1.75 million sq ft at Sattva Knowledge Point, Bengaluru, in a deal valued at ₹975 crore, underscoring long-term delivery-center expansion.
📊 Market Updates
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