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UGRO Capital Buys Profectus in Rs 14 Billion All-Cash Deal
UGRO Capital has announced the acquisition of Profectus Capital Private Ltd in an all-cash deal worth Rs 14 billion. The mid-sized non-banking finance company (NBFC) finalised the purchase through a share agreement with Actis PC Investment and Actis PC (Mauritius), both global private equity investors.Profectus Capital, with assets under management totalling Rs 34.68 billion, operates across seven states with a network of 28 branches and a workforce exceeding 800. The acquisition is expected to be value accretive from Day 1 of consolidation and marks a strategic move for UGRO Capital to expand..

Italian Pavilion Opens at Cspi Expo 2025 in Tokyo
The Italian Pavilion at Cspi Expo 2025, Japan鈥檚 premier trade fair for construction machinery, attachments, and technologies, officially opened its doors this week at Makuhari Messe, Chiba. Organised by Unacea in collaboration with FEDERTEC, the pavilion will run until 21 June and is located in Hall 5, featuring prominent Italian companies aiming to strengthen their presence in the Japanese market.Participating firms include Cattini e Figlio (Stand 15-68), Indeco (16-60), Mantovanibenne (16-66), Ognibene Power (16-67), OP (16-61), Outset (16-68), Simex (15-64), and Sir Meccanica (15-60). A d..

Russia to Test Atom EV in Arctic on Nuclear Icebreaker
The Rosatom State Corporation is set to send its new Russian electric vehicle, Atom, on a polar expedition aboard the nuclear icebreaker 50 Let Pobedy. Scheduled to depart from Murmansk in the final ten days of June, the mission marks a bold test of electric mobility in one of the harshest climates on Earth.This initiative, titled Atom on an Icebreaker, is a collaboration between Atomflot, Rosatom鈥檚 Fuel Division (which oversees its electric mobility venture), and Kama, the developer and manufacturer of the Atom EV. During the voyage, passengers will be presented with a pre-production protot..