National News
Bluestone in talks with Peak XV Partners, Steadview Capital Think Investments for Pre-IPO Round
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
Bluestone, a jewellery brand, is in talks to negotiate an investment of around Rs 830 crore from Peak XV Partners, Steadview Capital, and Think Investments.
The pre-IPO round will combine share sales by early investors with new capital, aiming to value the omnichannel retailer at approximately Rs 7,500 crore ($900 million) before the infusion, as per the report.
Venture capital firm Peak XV Partners will reportedly invest around Rs 415 crore in the round. A source speaking to the Economic Times said, “Peak XV is in talks to lead the funding amid a wider inclination for venture funds to tap domestic brands and offline retailers.”
Further, some family offices via special-purpose vehicles might also reportedly participate in the round. The round is expected to be closed in the next few days.
In September 2023, Bluestone raised $65 million from a group of investors at a valuation of $410 million.
National News
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
The Gujarat Gaurav Sarovar in Amreli, Gujarat, constructed by the Hari Krishna Group and the Dholakia Foundation, was inaugurated by Hon’ble Union Home Minister and Minister of Cooperation Shri Amit Shah on 27 August 2026. Shri Harsh Sanghavi, Deputy Chief Minister of Gujarat, was among the dignitaries present at the inauguration of the 21-acre water conservation project, which has a capacity of 400 million litres and is intended to support water availability for agriculture and drinking, as well as groundwater conservation. Savji Dholakia and Ghanshyam Dholakia represented the Hari Krishna Group.
Addressing the gathering, Shri Amit Shah highlighted the importance of conserving rainwater and replenishing groundwater, noting that the new sarovar will support water availability for agriculture and drinking, while contributing to groundwater conservation.Shri Amit Shah also acknowledged the water conservation initiatives led by Savji Dholakia, Founder of the Hari Krishna Group. He noted that Savji Dholakia has built 208 lakes for water conservation and highlighted his contribution while speaking about the Padma Shri honour conferred on him.
The Hon’ble Home Minister also highlighted the expansion of lakes and check dams, river rejuvenation and other water conservation initiatives across Gujarat. He cited the SAUNI Yojana, which channels surplus Narmada water into reservoirs and rivers in Saurashtra, and said Narmada water is being stored in approximately 10,000 ponds across North and Central Gujarat.
Hon’ble Union Home Minister, Inaugurates HK Group & Dholakia Foundation’s Gujarat Gaurav Sarovar
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