TAMIL NADU INVESTMENT
EV maker Greaves Electric Mobility gets Sebi nod for IPO
Greaves Electric Mobility has received Sebi approval for its IPO, comprising a ?1,000 crore fresh issue and an OFS of 18.9 crore shares. Proceeds will fund tech development, battery assembly, manufacturing expansion, acquisitions, and digitization efforts.
Vedanta shares in focus amid critical mineral exploration, expansion plans
Vedanta has secured four blocks in the fourth round of the critical mineral blocks auction. The acquisitions include vanadium and graphite reserves in Arunachal Pradesh, a polymetallic mine in Karnataka, and tungsten-related assets in Andhra Pradesh and Tamil Nadu.
Land selected for shipbuilding, repair centres in Andhra Pradesh, Tamil Nadu & Gujarat
India is set to boost its shipbuilding industry with mega centers in Andhra Pradesh, Tamil Nadu, and Gujarat. HD Hyundai is reportedly partnering with Cochin Shipyard Limited (CSL) to build large vessels, potentially investing ?10,000 crore in Thoothukudi, Tamil Nadu.
Superbikes in India: How millennials are turning high-speed riding into a lifestyle
India's superbike market is experiencing rapid growth, fueled by a rising economy and a desire for premium experiences. Motorcycle manufacturers are responding with accessible models and upgrade paths, fostering a vibrant riding culture.
CBI conducts searches at 42 locations, arrests five under Operation Chakra -V
The CBI, as part of Operation Chakra-V, conducted searches at 38 Point of Sale Agents of Telecom Operators across eight states, uncovering a network issuing SIM cards for illegal activities like digital arrest and fraud. Five individuals were arrested for violating KYC norms and unauthorized SIM card sales.
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UP, Gujarat rush to take part(s) in electronics race
Gujarat is emerging as a hub for electronics and semiconductors with chip manufacturing and assembly plants by the likes of Micron, CG Power and Tata Electronics in various phases of development in locations such as Dholera and Sanand. Uttar Pradesh is also chalking out a plan to capitalise on the advantage that it has in the space with Noida being an important upcoming hub for electronics manufacturing.
States chase chip billions; Porter’s unicorn round
Happy Friday! Uttar Pradesh and Gujarat are moving swiftly to attract major electronic component manufacturers with new incentive schemes. This and more in today’s ETtech Morning Dispatch.
Mouri Tech refiles DRHP with Sebi for Rs 1,500 crore IPO; check details
Mouri Tech plans to raise 1,500 crore through a refiled IPO, including 250 crore in fresh issue and 1,250 crore via offer for sale by promoters and shareholders. Proceeds will be used for debt repayment, investment in subsidiaries, acquisitions, and general purposes. The company may consider a pre-IPO placement of up to 50 crore in consultation with the book-running lead managers.
Simple Energy plans IPO by FY27, aims to raise Rs 3,000 cr
Simple Energy, an electric two-wheeler manufacturer, is planning an IPO by FY27 to raise ?3,000 crore for market expansion, a new manufacturing unit, and R&D. The company aims to increase its touchpoints from 15 to 500 in the next two years and targets ?800 crore in revenue in FY26.
In 29 years of existence, Hyundai invested $6 billion scaling up operations in India
Hyundai Motor India commemorates 29 years in the Indian market with a USD 6 billion investment to expand operations. Since its establishment in 1996, Hyundai has become a trusted automotive brand, aiming for a production capacity of 1 million units by 2025 with its Talegaon facility. The company has exported over 3.
Outgoing CJI Khanna, successor Gavai disclose assets as SC makes judges’ declarations public
The Supreme Court of India has taken a significant step towards transparency by uploading the asset declarations of its judges on its official website. This decision, made on April 1, 2025, aims to enhance public awareness.
ICICI Securities downgrades Bandhan Bank to Add, target price Rs 185
ICICI Securities downgrades Bandhan Bank to 'Add' with a target price of Rs 185, citing muted Q4FY25 PAT and moderating NIM. While the bank's capital buffer is strong and secured lending strategy is appreciated, NIM pressure and rising opex are expected to limit profitability growth in the near term. Credit costs are anticipated to improve in H2FY26.
India sees a future making solar panels for itself, and maybe the world
India is strategically positioning itself as a clean energy manufacturing hub, aiming to reduce reliance on China and capitalize on global supply chain diversification. Driven by domestic demand and government incentives, India is expanding its solar and EV battery production.
Apple supplier Jabil eyeing more AirPods casing from India plants
As Apple accelerates efforts to diversify its manufacturing base beyond China, supplier Jabil is set to scale up production of AirPods enclosures in India through a second planned facility. Jabil currently manufactures plastic casings for Apple’s earphones at its Pune plants. Sources told us the company now aims to expand operations by leveraging its Tiruchirappalli factory in Tamil Nadu.
Four developers seek govt approval for partial cancellation of SEZs
Tata Steel, Infosys, and ELCOT have requested partial cancellation of their special economic zones (SEZs). The inter-ministerial board of approval will decide on these applications in a meeting scheduled for May 9. These companies are seeking to optimize land use and adapt to changing investment patterns, reflecting adjustments within the SEZ landscape.
Improved infrastructure, cut in repo rates, ready to occupy units aid market recovery: CREDAI
Chennai's residential real estate market started 2025 strongly, with rising buyer confidence and increased registrations. Sales grew by 7% quarter-on-quarter and 27% year-on-year, fueled by infrastructure projects and government policies. Southern suburbs and areas near the proposed airport are particularly popular, indicating continued growth in the coming quarters.
After smartphone dominance, appliance makers set to dial in next electronics boom
Indian consumer electronics and home appliance sectors are witnessing significant investment. Brands like LG, Samsung, and Haier plan major expansions. These investments, exceeding Rs 13,000 crore, aim to boost domestic production and exports. The companies are preparing for new tariff regimes and component integration.
He made Rs 7,000 crore wealth with ZERO loan. Now, he is warning Indians about 'EMI and Stress' trap
Dr. Velumani's tweet highlights three financial personas, noting many earn enough but struggle with money management. A Paisabazaar chart reveals younger generations are accessing credit much earlier. Velumani warns that normalizing debt and prioritizing consumerism could lead to increased financial stress by 2050, advocating for wise saving and mindful living instead.
Zoho-owned Silectric Semiconductor shelves chip fab plan in Mysuru
The Karnataka government in December last year had announced that the State's first semiconductor project would come up at the Kochanahalli Electronics Manufacturing Cluster near Mysuru. Karnataka chief minister Siddaramaiah hails from the district and represents it in the Assembly. Zoho had sought 40 acres of land at the EMC cluster at Kochanahalli, Mysuru.
Forget Bengaluru or Pune. Zoho's Sridhar Vembu believes villages, small towns could be future of Indian IT
Sridhar Vembu believes rural India has abundant talent. He argues companies should invest in these areas. Vembu suggests starting with experienced professionals willing to relocate. His own Tenkasi office proves this model works. Many agree, seeing potential for reverse migration. They want to create opportunities in smaller towns. This can reduce urban overcrowding and pollution.
Equitas Bank Q4 net profit plunges 80% amid rising credit costs
Equitas Small Finance Bank’s Q4 profit fell 80% YoY to Rs 42 crore due to higher credit costs and muted earnings. While microfinance slippages stayed elevated, the bank sees improving collections ahead. Growth in secured loans and strategic investments could support future performance. Deposits and advances rose 19% and 11%, respectively.
Health food brand Anveshan raises Rs 48 crore from Wipro Consumer Care Ventures, others
Health food brand Anveshan has raised Rs 48 crore in a round led by Wipro Consumer Care Ventures. The Gurugram-based startup will use the funds to expand manufacturing, strengthen its supply chain, and boost branding. Founded in 2020, Anveshan offers traditionally made, minimally processed foods and targets Rs 500 crore in future revenue.
Maharashtra puts up strong economic show, tops state rankings in finances
Maharashtra has emerged as the leading state in CareEdge Ratings' 2025 rankings, followed by Gujarat and Karnataka. The assessment, based on 50 indicators across seven categories, highlights Maharashtra's strength in financial development.
TN CM launches special scheme on electronics components; targets Rs 30,000 cr investments
Tamil Nadu Chief Minister M.K. Stalin launched the 'Tamil Nadu Electronics Components Manufacturing Scheme,' aiming for ?30,000 crore in investments and 60,000 jobs. This initiative supports electronic component production, complementing the 'Semiconductor and Advanced Electronics Policy 2024.' The scheme offers incentives matching the Union Ministry's subsidies. Tamil Nadu leads in electronics exports, reaching USD 14.
Maharashtra, Gujarat, Karnataka lead in new state rankings; Goa tops smaller states list
Maharashtra, Gujarat, and Karnataka lead India's states in overall performance, according to a CareEdge Ratings study evaluating economic, fiscal, and other key parameters. Western states excel in finance and economy, while Southern states perform strongly in environment and governance. Goa tops the smaller states category, showcasing robust social development indicators.
Indian states are in a race to board space-tech wagon
This competition is likely to drive investments and create specialised hubs, according to Indian National Space Promotion and Authorisation Centre (In-SPACe), the nodal agency to promote private investment in the space industry, and startups that ET spoke with.
Workday to establish GCC in Chennai with Rs 220 crore investment
Tamil Nadu industries minister TRB Rajaa said on Monday that an MoU has been signed between the Fortune 500 company and Guidance, the state's investment promotion agency, to establish this centre in the state capital. The GCC is expected to create up to 3,000 jobs.
Tamil Nadu, Taiwan chamber sign pact to set up industrial park
Guidance Tamil Nadu and the Taiwan Chamber of Commerce have partnered to establish an 'Indo-Taiwan Industrial Park' near Chennai. This initiative aims to attract Rs 1,800 crore in investments and generate approximately 5,000 jobs. The state government is focused on attracting Rs 10,000 crore of Taiwanese investments, creating over 20,000 jobs in key sectors.
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