Page 16 - Company News

MakeMyTrip buys majority stake in Flamingo Transworld to boost packages

MakeMyTrip will acquire a majority stake in Flamingo Transworld, aiming to expand its holiday packages business by tapping the tour operator's strong regional presence in western India

Sarvam AI launches startup programme to back AI builders in India: Details

The programme offers startups up to 12 months of API credits, access to Sarvam's language AI tools, and direct engineering support

NaBFID plans $500 million equity fund to boost infrastructure financing

NaBFID's entry into equity marks an expansion of its toolkit beyond traditional debt and a bid to appeal to a broader swath of investors as the country's infrastructure needs accelerate

Jack Daniel's maker Brown-Forman to launch more premium brands in India

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

1Point1 Solutions completes $33.37 million acquisition of Netcom BCC

Business process management firm 1Point1 Solutions on Thursday said it has completed the acquisition of Costa Rica-based peer Netcom Business Contact Center SA for USD 33.37 million. The acquisition marks a strategic entry of 1Point1 Solutions into the central and Latin American market, the company said in a statement. "Netcom strengthens our BFSI capabilities and establishes a strategic near-shore presence in Latin America, enabling us to serve clients with greater agility and regulatory alignment. As we integrate our AI stack across operations, we are not just expanding geographically, we are scaling human intelligence at a global level," 1Point1 Solutions Chairman and Managing Director, Akshay Chhabra, said. With this transaction, 1Point1 Solutions establishes an immediate near-shore delivery presence across Costa Rica, Colombia, and Panama. "Looking ahead, 1Point1 remains committed to disciplined inorganic expansion, with plans to pursue 2-3 strategic acquisitions over the next

Fashion qcom startups prioritise experience-led shopping over speed

Fashion quick commerce startups are shifting focus from speed to experience-led shopping, offering features such as discovery, personalisation, try-at-home options to tackle online shopping challenges

Reliance Jio to be among first scalable token services providers: CEO

Reliance Jio plans to integrate AI deeply into its telecom operations and position itself among the first scalable token services providers globally, group CEO Mathew Oommen said

IIFCL plans to raise $1.6 billion for infra push in India: MD Rohit Rishi

India Infrastructure Finance Company Ltd (IIFCL) plans to raise USD 1.6 billion (about Rs 14,500 crore) from multilateral agencies and other overseas investors as part of resource mobilisation strategy to support infrastructure development across the country. "Our strategy is to build a diversified and cost-effective long-term funding base aligned with infrastructure financing needs. In addition to domestic resources, we have mobilised resources from leading multilaterals such as ADB, KfW, JICA, EIB, and the World Bank," IIFCL's newly-appointed MD Rohit Rishi told PTI. Until December, he said, IIFCL raised JPY 26 billion (around Rs 1,520 crore) from SMBC of Japan as External Commercial Borrowing at the reasonably low cost reflects confidence of lenders in India's growth story, particularly the sustained expansion of its infrastructure. Going forward, he said, "We are exploring a USD 600 million blended finance facility and our debut Green Bond issuance. We are also in the process of

German DEG, Citi to provide $76 million funding to Shriram Finance

German development finance institution DEG and Citi on Thursday announced providing a USD 76-million co-financing package to Shriram Finance Ltd, aimed at accelerating economic inclusion, rural development, and climate-aligned mobility pan-India. Under this, while DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH) has provided a 40 million euro loan (around USD 46 million) and Citi has extended a Rs 260 crore loan to the NBFC, a statement said. This collaborative and innovative financing is designed to strengthen the company's outreach to priority segments that remain underserved in India's credit ecosystem, it said, adding Citi acted as a lead arranger and coordinator for this financing. This is the second such collaboration between the two co-financing partners following the successful transaction supporting CreditAccess Grameen in 2024, underscoring the institutions' shared commitment to advancing inclusive and climate-positive financing in India, the statement said.

"India missed out on chips, models but real opportunity is in applications"

Nitin Sharma, partner at venture capital firm Antler India, discusses where Indian AI startups can compete globally and why founder quality matters more than age

Wipro set to lose $500-million Estee Lauder contract to Accenture

The shift of Estee Lauder's $500-million contract to Accenture marks a setback for Wipro as CEO Srini Palia pushes large efficiency-led deals amid renewed focus on discretionary spending

Brigade Group leased out 156K sqft to 2 global firms at Brigade Twin Towers

Brigade Group has leased 156,000 sq ft at Brigade Twin Towers to MANN+HUMMEL and Labcorp, signalling sustained demand for Grade A offices and strengthening the project's commercial appeal

QatarEnergy halts production of some downstream products after LNG shutdown

QatarEnergy will also stop making downstream products including urea, polymers and methanol, according to a statement on Tuesday

German firm Nemetschek appoints Alok Sharma as MD, VP of India biz

Germany-based Nemetschek Group, which provides software solutions for the construction sector, has appointed Alok Sharma as Managing Director and Vice President, India. The company provides software solutions for architecture, engineering, construction and operations (AEC/O) and media industries. In a statement, Nemetschek Group said Alok will anchor the company's India growth roadmap. Pete Nicholson, Senior Vice President, Nemetschek Group, said, "India represents one of the most dynamic construction markets globally. As infrastructure investments scale and digital mandates gather pace, strengthening local leadership is central to our long-term growth strategy." Founded in 1963, the Nemetschek Group, which has been listed in key German stock indices MDAX and TecDAX since 1999, achieved a revenue of EUR 1,191.2 million and an EBITDA of EUR 371.1 million in 2025, according to preliminary, unaudited figures.

SBI DMD Nitin Chugh exits as contract term ends, digital role concludes

SBI Deputy Managing Director Nitin Chugh, who led the bank's digital banking and transformation initiatives including YONO 2.0, has exited following the conclusion of his contract

Extended Iran conflict may disrupt L&T's order inflows, regional projects

With nearly half its order book linked to the Middle East, L&T may see short-term disruptions from the Iran conflict, raising concerns over execution, exports and regional project pipelines

Mercedes-Benz turns to localisation to lower luxury vans' entry price

Mercedes-Benz has localised assembly of V-Class in India, bringing its entry price to ₹1.4 cr, reducing dependence on costly imports, as the company repositions the van within its top-end portfolio

Pronto raises $25 million to expand instant-home services across cities

Epiq Capital leads the round; Pronto's daily bookings surge to over 18,000

Seiko resets its India clock, targets 2x revenue in 3 years: Kawada

Japanese watchmaker plans 30 exclusive boutiques by 2028

Dabur acquires minority stake in RAS Beauty under new ventures arm

Dabur Ventures has made its first investment by acquiring a minority stake in RAS Beauty for Rs 60 crore, strengthening Dabur's presence in the fast-growing premium skincare market