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L&T hires former Aavishkaar partner to head corp VC arm

Mint New Delhi

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June 13, 2025

L&T Innovation Fund, the corporate venture capital arm of Larsen & Toubro Ltd, an Indian multinational engaged in engineering, procurement, and construction projects, hi-tech manufacturing and services, has hired a former partner of Aavishkaar Capital to lead its investments, VCCircle has learned.

- Aman Rawat

The Mumbai-based firm, which backs emerging startups across deeptech, climate tech, Industry 4.0, and digital infrastructure, has appointed Sushma Kaushik as the head of the innovation fund.

She succeeds Rajkamal Agarwal, who led the fund for three years, starting April 2022.

In her new role, Kaushik will oversee L&T's existing startup portfolio and work with the broader startup ecosystem to identify opportunities for collaboration as well as strategic investments.

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Mint New Delhi

Mint New Delhi

1st privately built PSLV near lift-off

India's first privately built polar satellite launch vehicle (PSLV) is expected to have its maiden commercial flight before the end of the financial year, marking a giant leap in the country’s ambition to foster a private space economy.

time to read

3 mins

November 26, 2025

Mint New Delhi

Export sops for tariff-hit MSMEs by next week

The government plans to announce support measures under the Export Promotion Mission as early as next week for small businesses struggling to absorb 50% US tariffs, according to Union commerce minister Piyush Goyal.

time to read

2 mins

November 26, 2025

Mint New Delhi

Sovereign Al takes off as countries try to avoid overdependence on superpowers

As China and the U.S. race to dominate artificial intelligence, countries are increasingly wary of becoming overly dependent on the superpowers for a technology that could profoundly affect their economic competitiveness and national security.

time to read

4 mins

November 26, 2025

Mint New Delhi

Mint New Delhi

Sterling Biotech: Can SC ruling aid other fugitives?

The Supreme Court's decision to close all cases against the Sandesara brothers of Sterling Biotech Ltd, after they agreed to pay *5,100 crore, triggered a debate on whether other fugitives could use this ruling. Mint looks at whether Vijay Mallya and Nirav Modi can seek relief, too.

time to read

2 mins

November 26, 2025

Mint New Delhi

Rural recovery, low base to fuel Q2 GDP

Policy transmission, festival season inventory too aid growth

time to read

2 mins

November 26, 2025

Mint New Delhi

Mint New Delhi

No selloff, SAIL unit to get cash infusion

The Union steel ministry is preparing to infuse more than ₹400 crore into Salem Steel Plant, the stainless-steel unit of the Steel Authority of India Ltd (SAIL), marking a sharp policy turn from its earlier intent to privatize the loss-making mill, according to two senior ministry officials.

time to read

2 mins

November 26, 2025

Mint New Delhi

Mint New Delhi

KKR strengthens its play in Lighthouse

Private equity firm KKR has made a fresh round of investment in Lighthouse Learning, along with new investor PSP Investments.

time to read

1 mins

November 26, 2025

Mint New Delhi

India’s oil binge to end in Dec as sanctions bite Russia

US targeted top Russian producers Rosneft and Lukoil in recent round of sanctions. AP

time to read

1 mins

November 26, 2025

Mint New Delhi

Three public sector banks get new EDs

The government has appointed new executive directors (EDs) at Union Bank of India, Central Bank of India and Bank of India, according to regulatory disclosures on Tuesday.

time to read

1 min

November 26, 2025

Mint New Delhi

India requires a healthkeeper to secure its demographic dividend

Scaling up the use of tech to track health can provide a vital generation the preventive care it’ll need

time to read

3 mins

November 26, 2025

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