Business News

India’s forex reserves rise USD 2.49 billion to USD 719.55 billion in the week ended Nov 6, led by a rise in gold holdings: RBI.

Weekly Roundup: Froncort.AI, BCC Media Network and O-Health recorded India’s only funding deals this week.

How government funding and private capital are shaping India's deep-tech ecosystem and ambitions to build global technology leaders.

IITF 2026 will showcase 600 startups as Piyush Goyal inaugurates the 45th India International Trade Fair at Bharat Mandapam.

InCred Capital acquires Quintessentially India to build a luxury lifestyle management platform for its wealth management clients.

India bans exports of lithium-ion battery scrap (black mass) to ease feedstock shortages for domestic critical mineral recyclers.

Haldiram Snacks Food begins its IPO process, eyeing an issue of about INR 10,000 crore at a valuation above INR 1 lakh crore in 2027.

Anthropic CFO Krishna Rao’s stake of 9.5 million shares is worth about USD 703M at the midpoint of the proposed IPO price range.

Adyar Ananda Bhavan (A2B) sells a majority stake to Bodhi Tree Systems for USD 180 million; Uday Shankar to chair the board.

Franklin Templeton launches its first outbound GIFT City fund, the Franklin US Equity IFSC Fund; NFO open until Dec 11, USD 5,000 minimum.

Maruti Suzuki concludes DesignXathon 2026 with 450+ students; Team IED Torino wins, NID Gandhinagar teams take the next two spots.

The resignation comes amid reports of his extramarital affairs, including one with an alleged Chinese spy.

Kia India and suppliers to invest USD 2B in a second Andhra Pradesh plant, adding 2 lakh units of capacity and about 12,000 jobs.

Norwest closes Norwest 18, a USD 4B fund and its largest ever, to back tech, healthcare and consumer firms in the US, India, Israel.

KL Rahul invests in PlayBlue and joins as brand ambassador ahead of its 20,000 sq ft Bengaluru flagship store launch on Nov 14.

Kissht parent OnEMI completes a INR 832 crore preferential issue with 34 investors, including 24 new ones.

Veefin moves to NSE and BSE main boards after its SME listing, with H1 FY27 revenue up 116% to INR 238.82 crore.

HCLTech and PTC launch a pre-configured semiconductor PLM solution built on Windchill to streamline chip product development.

Sachin Tendulkar joins Recykal as a strategic investor, extending the waste management platform’s USD 23 million bridge round.

Greenjoules raises INR 150 Cr Series B co-led by Amazon funds and secures a INR 100 Cr TDB loan for a Pune biocrude plant.

Bajaj Finance opens a QIP of up to INR 11,700 crore at a floor price of INR 992.25 per share, with up to 5% discount allowed.

Madras High Court issues notice on plea to cancel the CULT trademark held by a Cult.fit subsidiary ahead of the company’s IPO.

Anthropic targets up to USD 1.4 trillion valuation in its Nasdaq IPO, seeking up to USD 64.4B plus a USD 26B private placement.

Qantas to outsource 850 corporate roles to Accenture, with most services delivered from India and some jobs staying in Australia.

Morgan Stanley highlights India's defence export potential while flagging technology gaps, bureaucratic hurdles and execution challenges holding back its global ambitions.

BDR Pharma acquires a controlling stake in Acme's oral formulations business to expand its CDMO capabilities and strengthen its women's healthcare portfolio.

Microsoft overtakes Nvidia as a share sell-off wipes billions off its market value amid AI spending concerns and fresh scrutiny over Jensen Huang.

Nvidia CEO Jensen Huang loses billions as shares slide following an investigation into his alleged links with a suspected Chinese intelligence operative.

Hindustan Coca-Cola Holdings files DRHP for an IPO of up to 99.75 crore shares, entirely an offer for sale by its promoter.

LocalHost HQ wins Emerging Young Entrepreneurs of the Year for its student-first model of backing young founders in India.