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Anil Ambani’s global aerospace ambition, a ₹10,000-cr bet, and homemade Falcons
Livemint
·
28d ago
Medial
Anil Ambani’s Reliance Defence plans to invest ₹10,000 crore in its aerospace venture and aims to launch India’s first locally made commercial aircraft by 2028. The investment will be partially funded through capital raised by Reliance Infrastructure Ltd via preferential shares, institutional buys, and foreign currency bonds totaling ₹17,600 crore. Reliance Defence already assembles components for Dassault Aviation's aircraft in India, marking its strategic positioning in the global aerospace industry.
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MS Dhoni Tops Up Bet On Drone Startup Garuda Aerospace
Inc42
·
10m ago
Medial
- MS Dhoni has invested in Chennai-based drone startup Garuda Aerospace - Dhoni is the brand ambassador for Garuda Aerospace - Garuda Aerospace has a vision to make India a global drone hub by 2030 - The startup secured $22 million in Series A funding recently - Garuda Aerospace aims to sell 25,000 drones in the next 18 months - The company plans to export 10,000 drones to about 100 countries
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Anil Ambani’s Reliance Communications loan fraud totals Rs 14,000 crore: Sources
Economic Times
·
15d ago
Medial
Anil Ambani's Reliance Communications Ltd is accused of committing a loan fraud exceeding Rs 14,000 crores, according to the Enforcement Directorate. The State Bank of India (SBI) classified Reliance Communications and Anil Ambani as "fraudulent" per RBI guidelines, reporting it to RBI and preparing a complaint for the Central Bureau of Investigation (CBI). Additionally, the company allegedly cheated Canara Bank out of more than Rs 1,050 crore, with investigations into foreign assets ongoing.
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Anil Ambani’s Reliance Infra eyes EV foray, plans to make cars & batteries
Livemint
·
11m ago
Medial
Reliance Infrastructure, led by Anil Ambani, is reportedly planning to enter the electric vehicles (EVs) market in India. The company has hired consultants to conduct a feasibility study for building an EV plant with an initial capacity of 250,000 vehicles per year, which can later be scaled up to 750,000. Additionally, they are considering the feasibility of building a battery plant with a capacity of 10 gigawatt-hours, expanding to 75 GWh in the next decade. This move will put Anil Ambani's company in competition with his brother, Mukesh Ambani, who is also venturing into EV and battery manufacturing.
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Anil Ambani’s Strategic Future Plans: Can His Companies Make a Comeback?
Internet
·
1y ago
Medial
Anil Ambani's story is one of a rapid rise and fall in India's corporate world. His aggressive expansion across telecommunications, infrastructure, and other sectors led to mounting debt, eventually causing significant financial struggles. Key companies like Reliance Communications and Reliance Capital faced bankruptcy, with assets sold off. Despite setbacks, some companies, like Reliance Power, are now debt-free and poised for recovery.
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IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace
Entrackr
·
1m ago
Medial
IndiGo Ventures makes first close of debut fund at Rs 450 Cr, invests in Jeh Aerospace IndiGo Ventures, the corporate venture capital arm of airline company IndiGo, announced the first close of its maiden fund at Rs 450 crore. Launched in August 2024 with regulatory approval from SEBI to raise Rs 600 crore, the fund focuses on investing in early-stage startups driving innovation in aviation and allied sectors. It targets companies at the pre-Series A to Series B stages, emphasizing long-term strategic alignment. With the first close completed, the firm approved an investment in Jeh Aerospace, a company operating in aerospace and defense manufacturing, for an undisclosed amount. This step is part of IndiGo’s innovation agenda, which combines operational expertise with capital to support entrepreneurs addressing challenges in aerospace and related domains. “This investment also strengthens the Indo-U.S. aerospace ties, advances Make-in-India and accelerates innovation, contributing to realising India’s potential to become a global aerospace and aviation hub,” said Pieter Elbers, chief executive officer at IndiGo. Jeh Aerospace will use the investment to scale its digital manufacturing infrastructure, enhance its AI-driven production optimization and supply chain integration platforms, and attract engineering and production talent. Founded by industry veterans Vishal Sanghavi and Venkatesh Mudragalla, Jeh Aerospace provides manufacturing, engineering, and supply chain management solutions to the global aerospace and defense industry. Within its first year of operations, Jeh Aerospace has scaled to a 100-member team of engineers and technicians, delivered 100,000 flight-critical aeroengine components and precision tools meeting AS9100 standards, and secured $100 million in long-term contracts with global aerospace companies. In January last year, the Hyderabad-based startup raised $2.75 million in a seed funding round led by General Catalyst, along with participation from angel investors like Pratyush Kumar and Dwarkanath Srinivas.
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Rangsons Aerospace raises Rs 300 Cr led by ValueQuest
Entrackr
·
4m ago
Medial
Rangsons Aerospace, a product technology firm for aerospace, defense and homeland security, has raised Rs 300 crore ($36.5 million) led by ValueQuest Investment Advisors and had Anand Rathi Advisors as the financial advisor for the transaction. The proceeds will be used to produce products and solutions for the commercial and military aviation markets globally, and drive growth into new business areas through strategic acquisitions. Rangsons Aerospace is part of NR Group, a business group based in Mysore. It has three facilities across Bangalore and Mysore. Its product lines include satellite communications systems, airborne thermal management, and fluid distribution solutions. Rangsons is a tier I partner to global aerospace majors such as Boeing, GE, and Honeywell, among others. It also supplies several critical systems to Indian majors such as ISRO, Indian Navy, HAL and others.
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Turkey's Pragma Capital Partners strikes second bet within a week
VCCircle
·
11m ago
Medial
Pragma Capital Partners, the private equity arm of Turkish investment banking company Pragma, has acquired a majority stake in an aerospace components manufacturer. This deal, which is PCP's second in the past week and fifth this year, strengthens the firm's presence in the sector. The aerospace manufacturer supplies components to major players including Airbus, Boeing, and Bombardier.
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Three cousins turned a homemade drink into a ₹312 cr revenue brand
Inshorts
·
2m ago
Medial
Three Chandigarh-based cousins turned a homemade spiced drink into Lahori Zeera. With no investor backing, they struggled to set up their own factory and distribution. Despite initial rejection and no ads for 6 years, their ₹10 desi soda gained mass appeal, generating ₹312 crore in revenue in FY24.
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Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid
Livemint
·
8m ago
Medial
Reliance Power, led by Anil Ambani, is facing potential criminal proceedings from the Solar Energy Corporation of India (SECI) after a subsidiary of the company submitted fake documents for a bid. SECI had already banned the company from participating in clean energy project tenders for three years due to the fake endorsement of a foreign bank guarantee. The government-owned SECI has deemed the submission of the fake documents as a deliberate act intended to manipulate the tendering process. Reliance Power plans to legally challenge the ban.
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Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India | TechCrunch
TechCrunch
·
4d ago
Medial
Indian startup Jeh Aerospace, founded by ex-Tata Group executives Vishal Sanghavi and Venkatesh Mudragalla, secured $11M in Series A funding to address global aerospace supply chain issues and promote manufacturing in India. With its precision manufacturing facility in Hyderabad, Jeh Aerospace expedites production using advanced technology, supplying Tier 1 and Tier 2 U.S. aerospace manufacturers. The company aims to scale and capitalize on India’s emerging role in global aerospace manufacturing.
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