Page 4 - Company News

Agri-tech startup Verdant Impact raises $3 mn in seed funding round

AI-driven bovine genetics startup Verdant Impact raises $3 million in a seed round led by Unicorn India Ventures to expand markets, scale its Pashu.AI platform and strengthen tech capabilities

Hinduja group puts AI at the heart of its playbook, says Amit Saharia

Hinduja Group is expanding AI across automotive, insurance, energy and healthcare businesses, with early deployments already improving efficiency and generating new digital revenue streams

Tech Mahindra denies buzz around plan to lay off 30,000 employees

Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut

Women-led startups saw 9% funding drop in 2025, says Tracxn report

Deal activity also fell significantly, with the number of funding rounds dropping 29 per cent from 2024

Tech Mahindra rubbishes market speculation on significant cut in headcount

IT services company Tech Mahindra on Monday strongly denied market speculations around a possible significant reduction in headcount. Given the speculation, Tech Mahindra said it finds it necessary to clarify that no such proposal is under consideration. The company cited calls and certain social media posts regarding a "market rumour" of a potential significant reduction in headcount. "The company has received calls and has noted certain social media posts regarding a market rumour of a potential significant reduction in headcount. "In view of the above speculation, the company on its own accord considers it necessary to clarify to the Stock Exchanges that no such proposal is under consideration and categorically denies any such market rumours," it added.

StrideOne raises ₹100 crore, appoints Rajesh Sud co-founder, chairman

StrideOne has raised ₹100 crore in equity and structured debt and appointed industry veteran Rajesh Sud as co-founder and chairman as it strengthens governance and scales its MSME credit platform

Hical Tech wins contract from Dassault to supply components for Rafale jets

Bengaluru-based aerospace manufacturer Hical Technologies on Monday said that Dassault Aviation has awarded it long-term contract to manufacture products for critical Rafale fighter aircraft control systems applications. In a statement, Hical Technologies said it will deliver mission-critical products that meet Dassault Aviation's stringent engineering, qualification, and reliability standards under the agreement. "Hical Technologies has demonstrated a strong commitment to quality and reliability - values that strongly align with Dassault Aviation's heritage of excellence," said Bruno Coiffier, Senior Executive Vice President, Procurement and Purchasing, Dassault Aviation. "This milestone is a testament to the years of engineering investment, precision manufacturing discipline, and quality culture that our teams at Hical have built," said Yashas Jaiveer, Managing Director, Hical Technologies. "Being entrusted with critical products for the Rafale, one of the most sophisticated figh

Fino PB MD & CEO arrest puts spotlight on merchant-sourcing networks

Industry examines oversight and risks tied to programme managers

Go Digit gets GST demand notice of about ₹170 crore for FY18-FY22

Go Digit General Insurance on Saturday said it has received a demand notice of about Rs 170 crore for short payment of goods and services tax (GST) for nearly five years. The company has received an order copy from the Office of the Commissioner of GST & Central Excise, Chennai South Commissionerate on March 6, confirming GST demand of Rs 154.80 crore levying penalty of Rs 15.48 crore and Interest u/s 50 of CGST Act, 2017 for the period July 2017 to March 2022, the insurer said in a regulatory filing. The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said.

Flipkart lays off 250-300 employees after reviewing performance

Layoffs affect roughly 2% of workforce as Walmart-backed e-commerce firm tightens operations and prepares for a potential IPO

IBM opens first infrastructure innovation centre to boost India-led AI work

IBM has launched its first Infrastructure Innovation Centre in Bengaluru, bringing together engineering teams to accelerate development of secure and scalable enterprise AI and infrastructure systems

Rozana raises ₹290 cr in Series B to scale rural retail across Bharat

Round led by Bertelsmann India Investments with participation from Fireside Ventures, Spark Growth Ventures, Bikaji Family Office, FE Securities

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