GVFL has led a Rs 3.7 crore seed round in Ahmedabad-based SpectraGaze Systems, with participation from angel investors. Founded in 2023 by former ISRO scientist Arup Banerjee, the startup develops indigenous optical imaging sensors and electro-optical payloads for space, defence and scientific applications.

SpectraGaze's customers include ISRO, Physical Research Laboratory, and Kaynes Technology. It has delivered an infrared detector and test system to ISRO and secured an image sensor development contract for its HRSAT programme.

The funding will support product development, engineering expansion, testing infrastructure and existing customer projects. The company is also developing a hyperspectral imaging camera for a 3U satellite.

India’s global capability centres (GCCs) are projected to grow from 2.3 million employees to 3.3-3.7 million by 2031, adding 1-1.4 million net jobs and generating 150-170 million sq ft of additional office demand, according to an Embark report.

Based on a survey of 100 GCC leaders, the report found that 92% have moved beyond selective AI adoption, but realised productivity gains remain below 15%. Around 80% of workforce additions are expected from existing centres, while demand shifts towards specialised AI, data and cybersecurity roles. Bengaluru and Hyderabad account for 67% of Tier I GCC leasing, while BFSI and technology, media and telecom are expected to drive 54% of incremental office demand.

Purple Finance's standalone assets under management rose 101% year-on-year to Rs 329.21 crore in H1 FY27. The NBFC's board has approved exploring entry into affordable housing finance through an acquisition, investment or subsidiary, subject to regulatory approvals.

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