Business News

The Cabinet has approved Fairfax Financial Holdings as the strategic buyer for a 60.72% stake in IDBI Bank for INR 52,878.08 crore.

Scimplify raises USD 25 million led by Hitachi Ventures to expand US research, processing and manufacturing capabilities.

The Gautam School of Innovation and Entrepreneurship will begin its flagship MBA in Technology and Entrepreneurship in July 2027.

SILA raises INR 300 crore from Norwest at a INR 1,000 crore valuation to expand real estate development in Mumbai.

Google.org announces USD 15 million funding to The/Nudge for AI tools to boost credit, compliance and market access for MSMEs.

Circle raises INR 25 crore seed round led by Nexus Venture Partners to scale its trusted pre-owned C2C marketplace.

Infotech acquires Bengaluru-based Zluri to add SaaS management and identity governance to its CIO Analytics platform.

Adani Enterprises and Jabil sign an MoU for a 50:50 JV to manufacture AI and data centre hardware in India.

Former Dyson India MD Ankit Jain launches Foundry with ₹12 crore pre-seed funding led by BEENEXT and Kettleborough VC.

RDI Fund announces first 19 Second Level Fund Managers with INR 7,131 crore commitment under the INR 1 lakh crore scheme.

The Stack raises INR 21.5 crore co-led by Sauce, OTP Ventures and Huddle Ventures to scale its supplements brand.

Aum Ventures leads INR 17 crore round in OXG Space to build edge cell towers in orbit for EO satellites.

Hyundai Motor Group commits USD 15.5 billion to India through 2032, including USD 700 million for R&D.

Spill Games raises USD 10.5 million Series A led by Elevation Capital to scale its AI-led mobile gaming studio.

CtrlS signs LoI to invest INR 10,000 crore in a 150 MW AI factory in Bihar and opens its Patna datacenter.

HCLTech Q2 profit rises 21% to INR 5,132 crore as advanced AI revenue hits USD 219 million; FY27 guidance raised.

LTTS opens AI-Native EI Lab for Digital Manufacturing in Bengaluru, with NVIDIA-accelerated digital twins.

Toothsi parent MakeO raises INR 90 crore led by Singularity AMC to expand dental clinics in India and Southeast Asia.

Clueso raises USD 10 million Series A led by Dharana Capital to scale its agentic video platform for businesses.

Bower School of Entrepreneurship raises INR 26.8 crore in pre-Series A to build a Hyderabad campus and tech platform.

GreenCell Mobility gets INR 330 crore from Impact Fund Denmark to roll out 4,500 e-buses across 105 cities.

Mesa School of Business raises INR 110 crore in equity and debt, co-led by Dharana Capital and Elevation Capital.

IAN Alpha Fund leads INR27 crore round in ThinkMetal to scale its indigenous metal additive manufacturing tech.

Boldfit raises over INR 400 crore in Series B led by Bharat Value Fund to scale retail, products and manufacturing.

India’s primary market had its biggest month of 2026 in September, even as the broader stock market stumbled.

Tonbo Imaging India’s IPO opens October 15 with a price band of INR 665-700 per share, entirely an offer-for-sale.

HCLTech and Anthropic sign a Global Premier Partnership to scale governed agentic AI for global enterprises.

Startup founders mentoring Samsung Solve for Tomorrow say India’s next big idea can come from anywhere.

Tessolve Semiconductor raises USD 75 million from Vector Line Capital to support acquisitions and expand its semiconductor engineering services.

Persistent Systems secures a 94.04% stake in Nagarro and plans a squeeze-out of minority shareholders, with closure expected by Q1 CY27.