IndiaRF acquires majority stake in Fine Edge Engineering for about ₹2,000 crore
India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.
The News Flicker
India Resurgence Fund has acquired a majority stake in Ashok Iron Works' engineering business, betting on rising demand for large engine components amid the global manufacturing and data centre boom.
The acquisition comes as investors increasingly back India's industrial manufacturing ecosystem amid rising global demand for heavy-engine components, localization of supply chains and capacity expan…
Originally published by Livemint. Read the full article →
More from India
MHA bans new solar, wind projects within 1 km of India’s borders
New guidelines prohibit renewable energy projects within one kilometer of border areas. Sensitive zones extend fifty kilometers, requiring defense ministry clearance for some. Foreign staff require central government permission for project implementation. …
The News Flicker·August 8, 2026
Furniture and Appliance Rentals Gain Ground Across Delhi, Noida, Pune, Mumbai, Hyderabad, Bangalore and Chennai in 2026 as ₹3 Lakh–₹4 Lakh Setup Costs Face ₹2,699/Month Plans Including Rentomojo
As job changes, inter-city relocations and shifting housing needs reshape how young professionals and families set up homes across Bangalore, Delhi NCR, Mumbai, Hyderabad, Pune and Chennai, Rentomojo is seeing growing demand for subscription-based furniture a…
The News Flicker·August 8, 2026
US sanctions bill makes India-US trade deal more critical, may push up import bill: Economist
Proposed US sanctions legislation makes India's trade deal with the United States more critical. Any disruption to crude supplies could raise India's import bill significantly. This situation may pressure the Indian rupee and impact the current account defici…
The News Flicker·August 8, 2026