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Everstone Capital

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Startups & Venture Capital 15 Oct 2026, 07:48 AM IST

GreenCell Mobility Raises ₹330 Crore to Scale Electric Bus Fleet

Everstone Capital-backed electric mobility startup GreenCell Mobility has raised ₹330 crore in an equity round led by Impact Capital, marking a fresh push to expand its electric bus operations in India. The funding underscores continued investor appetite for commercial EV infrastructure, particularly in public transport, where fleet electrification is gaining policy and market momentum.

By RDU Global Wire5 min read
Banking, Fintech & Insurance15 Oct 2026, 09:10 PM IST

India’s August balance of payments swings to $45.4 billion surplus on heavy capital inflows

India’s balance of payments recorded a sharp surplus of $45.4 billion in August, reversing a $5.6 billion deficit a year earlier even as the current account remained in deficit. The improvement was driven by stronger net transfers, including remittances, and a surge in capital-account inflows, aided by central bank measures that encouraged foreign-exchange deposits.

4 min readRead →
Startups & Venture Capital15 Oct 2026, 05:44 PM IST

‘We Cannot Wait 75 Years’: ANRF Chief Pushes Patient Capital to Scale India’s Research Multiplier

ANRF CEO Shivkumar Kalyanaraman has outlined a patient-capital framework aimed at accelerating India’s research and development intensity toward 3% of GDP, arguing that the country cannot afford a slow, decades-long climb. The model combines private investment, open intellectual property licensing and national mission programmes to convert research into scalable innovation and commercial outcomes.

6 min readRead →
Banking, Fintech & Insurance14 Oct 2026, 06:14 PM IST

Banks Seek RBI Clarification on Forex Support Measures as Liquidity and Capital Questions Mount

Indian banks have asked the Reserve Bank of India for detailed guidance on how to implement its new currency-supporting measures, underscoring uncertainty over reserve calculations, liquidity treatment and customer pricing. Lenders are seeking clarity on how the foreign exchange risk reserve should be computed, whether related balances qualify as high-quality liquid assets, and how exposure limits will be assessed in practice.

5 min readRead →
Startups & Venture Capital14 Oct 2026, 01:46 PM IST

NuSynth Raises ₹36.5 Crore Seed Round Led by Avaana Capital, Shastra VC

Bengaluru-based speciality chemicals startup NuSynth Technologies has raised ₹36.5 crore in a seed funding round co-led by Avaana Capital and Shastra VC, marking a notable early bet on India’s deep-tech manufacturing and materials innovation stack. The capital is expected to support product development, scale-up efforts, and commercial expansion as the company targets industrial customers seeking more sustainable and performance-driven chemical solutions.

6 min readRead →
Startups & Venture Capital14 Oct 2026, 10:39 AM IST

TechSparks 2026 Day 2 Spotlights Vibecode30, Agentic AI and Deeptech Capital

Day two of TechSparks 2026 is set to sharpen the conversation around how India’s startup economy is adapting to a new cycle of AI-led product building, capital discipline and deeptech ambition. With sessions featuring leaders from Stripe, Swiggy and Peak XV, the agenda reflects a market where founders are being pushed to build faster, spend smarter and think beyond consumer internet playbooks.

6 min readRead →
Banking, Fintech & Insurance14 Oct 2026, 09:16 AM IST

HDFC Capital, Shalimar Launch Rs 750 Crore Platform for Uttar Pradesh Housing Push

HDFC Capital Advisors has partnered with Shalimar Corp to create a Rs 750 crore real estate development platform focused on residential and mixed-use projects in Uttar Pradesh. The venture targets more than 5 million sq ft of development potential across key markets including Lucknow and Varanasi, with plans for about 3,000 homes.

5 min readRead →

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