Local test 2 after update - Monsoon session 2025: Parliament to convene from July 21 to August 12

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The monsoon session of Parliament will begin on July 21 and conclude on August 12, announced Union Parliamentary Affairs Minister Kiren Rijiju on Wednesday.

The session, which will span 23 days, is expected to witness the introduction of key legislative bills, discussions on national security, the economy, and recent national developments such as Operation Sindoor.

The acquisition, said to be value accretive from Day 1 of consolidation, was made through a share-purchase agreement with global private equity investors Actis PC Investment and Actis PC (Mauritius).

Profectus Capital manages assets worth Rs 3,468 crore, with a presence in seven states, a network of 28 branches and a team of over 800 employees.

President and COO of Elon Musk's SpaceX, Gwynne Shotwell, on Tuesday called on Communications Minister Jyotiraditya Scindia, a meeting that comes just days after Starlink secured licence from the Telecom Department.

Scindia said discussions centred around various opportunities for collaboration in satellite communications to power Digital India.

"Had a productive meeting with Ms. @Gwynne_Shotwell, President & COO of @SpaceX, on India's next frontier in connectivity. We delved into opportunities for collaboration in satellite communications to power Digital India's soaring ambitions and empower every citizen across the country," Scindia wrote.

Satellite technologies are not just relevant, they're transformative, the minister noted.

"Ms. Shotwell appreciated the license granted to @Starlink, calling it a great start to the journey," Scindia said.

Earlier this month, Elon Musk's Starlink received a licence from the telecom department for providing satellite internet services in India, a key milestone that will take it closer towards launching commercial operations in the country.

Starlink is the third company after Eutelsat OneWeb and Jio Satellite Communications to get a licence from the Department of Telecommunications to provide satellite internet services in the country. A fourth applicant, Amazon's Kuiper is still waiting for approvals.

Starlink is a satellite internet service developed by SpaceX — the American aerospace manufacturer and space transportation company founded in 2002 by the world's richest man Musk. It provides high-speed, low-latency broadband internet worldwide using satellite technology and is aptly described by some as broadband beamed from the skies.

Unlike conventional satellite services that rely on distant geostationary satellites, Starlink utilises the world's largest low Earth orbit or LEO constellation (550 km above Earth).

This constellation of LEO satellites (7,000 now but eventually set to grow to over 40,000) and its mesh delivers broadband internet capable of supporting streaming, online gaming, and video calls.

Starlink, which had been vying for an India licence for some time now, recently signed pacts with Ambani's Reliance Jio and Mittal's Bharti Airtel, which together control more than 70 per cent of the country's telecom market, to bring the US satellite internet giant's services to India.

The deal is seen as strategic move to scale UGRO’s presence in high-yield emerging markets, embedded finance and school financing, a new segment for the company, thereby resulting in an incremental Rs 2,000 crore worth of loan growth potential.

According to sources, this transaction has been executed at 1.07 times Profectus’ projected FY26 net worth. The deal is funded through proceeds from UGRO’s recently completed equity raise and internal accruals, the lender said in a press release.

The acquisition, said to be value accretive from Day 1 of consolidation, was made through a share-purchase agreement with global private equity investors Actis PC Investment and Actis PC (Mauritius).

Profectus Capital manages assets worth Rs 3,468 crore, with a presence in seven states, a network of 28 branches and a team of over 800 employees.

The deal is seen as strategic move to scale UGRO’s presence in high-yield emerging markets, embedded finance and school financing, a new segment for the company, thereby resulting in an incremental Rs 2,000 crore worth of loan growth potential.

According to sources, this transaction has been executed at 1.07 times Profectus’ projected FY26 net worth. The deal is funded through proceeds from UGRO’s recently completed equity raise and internal accruals, the lender said in a press release.

The acquisition, said to be value accretive from Day 1 of consolidation, was made through a share-purchase agreement with global private equity investors Actis PC Investment and Actis PC (Mauritius).

Profectus Capital manages assets worth Rs 3,468 crore, with a presence in seven states, a network of 28 branches and a team of over 800 employees.

The deal is seen as strategic move to scale UGRO’s presence in high-yield emerging markets, embedded finance and school financing, a new segment for the company, thereby resulting in an incremental Rs 2,000 crore worth of loan growth potential.

According to sources, this transaction has been executed at 1.07 times Profectus’ projected FY26 net worth. The deal is funded through proceeds from UGRO’s recently completed equity raise and internal accruals, the lender said in a press release.

The acquisition, said to be value accretive from Day 1 of consolidation, was made through a share-purchase agreement with global private equity investors Actis PC Investment and Actis PC (Mauritius).

Profectus Capital manages assets worth Rs 3,468 crore, with a presence in seven states, a network of 28 branches and a team of over 800 employees.

The deal is seen as strategic move to scale UGRO’s presence in high-yield emerging markets, embedded finance and school financing, a new segment for the company, thereby resulting in an incremental Rs 2,000 crore worth of loan growth potential.

According to sources, this transaction has been executed at 1.07 times Profectus’ projected FY26 net worth. The deal is funded through proceeds from UGRO’s recently completed equity raise and internal accruals, the lender said in a press release.

The acquisition, said to be value accretive from Day 1 of consolidation, was made through a share-purchase agreement with global private equity investors Actis PC Investment and Actis PC (Mauritius).

Profectus Capital manages assets worth Rs 3,468 crore, with a presence in seven states, a network of 28 branches and a team of over 800 employees.

The deal is seen as strategic move to scale UGRO’s presence in high-yield emerging markets, embedded finance and school financing, a new segment for the company, thereby resulting in an incremental Rs 2,000 crore worth of loan growth potential.

According to sources, this transaction has been executed at 1.07 times Profectus’ projected FY26 net worth. The deal is funded through proceeds from UGRO’s recently completed equity raise and internal accruals, the lender said in a press release.