Bizmudra Desk

GreenCell announces INR 330 crore equity investment from Impact Fund Denmark

GreenCell Mobility says the investment will support deployment of around 4,500 electric buses. The company has not disclosed the investor's stake, valuation or a rollout timetable.

South India’s steel gap is about product mix, not just capacity: BigMint-backed report

BigMint estimates South India produced 31.1 million tonnes of crude steel against 46.2 million tonnes of capacity in FY26. The figures imply roughly 67% utilisation.

Vertiv reports liquid-cooling deployment for 30MW scope at CapitaLand Mumbai facility

Vertiv says it delivered direct-to-chip liquid cooling at CapitaLand’s Mumbai 01 data centre to support 30MW of AI workloads. The announcement does not disclose actual live load, contract value or the hyperscale customer’s identity.

AM/NS India and governments sign agreement for INR 200 crore ITI upgrade project

AM/NS India and the central and Andhra Pradesh governments say they have signed an agreement to upgrade four ITIs in the Visakhapatnam cluster. The approved project investment is INR 200 crore; individual funding contributions remain undisclosed.

Stellantis signs agreement to use Tata vehicle technology for global markets

Stellantis and Tata Motors Passenger Vehicles say a definitive agreement will give Stellantis access to Tata technology and vehicle architecture for products addressing more than 50 markets. Manufacturing is planned at their existing Indian joint venture.

Crompton states INR 2,700 MRP for InstaNourish Pro cooking kettle

Crompton says its 1.2-litre InstaNourish Pro kettle has an MRP of INR 2,700 and a one-year warranty. The company’s online kitchen catalogue lists the model but currently marks it sold out, making availability a follow-up question.

Yokohama says 15-inch GEOLANDAR A/T is now made at Visakhapatnam

Yokohama says two 15-inch GEOLANDAR A/T sizes are now manufactured in Visakhapatnam, replacing imports, with 16–18-inch local production planned for 2027. The release does not disclose prices, output or a production-start date.

GSMA reports focus on AI-ready networks, digital trust and scam recovery

GSMA’s three reports at India Mobile Congress call for AI-ready networks, stronger digital trust and better scam resolution. Its India scam survey says most victims who lost money recovered none, but the supplied material omits methodology.

Kotak Securities adopts Kotak Neo as its retail identity

Kotak Securities says its retail business will use the Kotak Neo identity, bringing digital and relationship-led offerings under one name. The legal entity and existing accounts, products, services and governance framework remain unchanged, it says.

Granules India files patent certification for ruxolitinib extended-release tablets

Granules India says it has submitted a Paragraph IV patent certification for its ruxolitinib extended-release tablet application in the US. The company believes it may qualify for first-to-file status, subject to FDA determination.

HD Fire Protect sets INR 258–271 IPO band for an entirely promoter-sale offer

HD Fire Protect’s IPO opens October 13 at INR 258-271 a share. The offer could total INR 712.31 crore at the upper band, with all shares sold by promoters and no proceeds going to the company.

Euler reports monthly electric cargo sales approaching 1,000

Euler Motors says it sold about 6,500 electric four-wheeler cargo vehicles over the past year, with monthly sales approaching 1,000 in September. Its Palwal facility has stated annual capacity of up to 24,000 vehicles.

HiLITE plans INR 600 crore office tower at Kozhikode Cyberpark

HiLITE Group has begun the groundbreaking phase of a proposed 9 lakh sq ft office tower at Kozhikode Cyberpark. The developer puts the project cost at INR 600 crore and expects completion within two years.

September vehicle retail rises 31.82%

Vehicle registrations rose to 25.37 lakh in September, according to FADA, while passenger vehicle inventory reached 43-45 days. The association cautioned that the annual growth rate reflects a weak comparison base ahead of last year's GST changes.

AM Intelligence orders 20,000 more Rubin GPUs for India and Malaysia

AM Intelligence says two additional orders for 20,000 NVIDIA Rubin GPUs will add about 70 MW of planned computing capacity in India and Malaysia, with delivery scheduled for the second quarter of 2027.

Mahindra tractor volumes fall in September as Sonalika reports H1 milestone

Mahindra reported lower September tractor volumes despite first-half growth. Sonalika crossed 100,000 total tractor sales in April–September, but did not disclose an exact monthly figure or a comparable prior-year baseline.

Tata, VECV and Mahindra report September commercial vehicle growth

Tata’s commercial vehicle total rose 42.4%, VECV’s 49.6% and Mahindra’s truck and bus business 52.9%. Export contributions and vehicle categories differ, so the results require clearly labelled scopes when interpreting the month.