Instead of moving operations from other nations, Samsung wants to increase its manufacturing presence in India by focusing on local production, exports, and component manufacturing. According to The Economic Times, the company has applied for components to manufacture mobile phone displays in India under the production-linked incentive (PLI) system. Additionally,
India has surpassed other places like Hungary and Belgium to become the largest production base for American bag maker Samsonite after two phases of capacity expansions requiring capital expenditures of INR 250 crore. In just six years, the company has successfully increased the capacity of its Nashik facility to produce
According to The Economic Times, Hindustan Coca-Cola Beverages (HCCB), the Indian bottling company of Coca-Cola, has begun cutting staff as part of a larger initiative to increase profits and streamline operations. Across departments, about 300 positions are being eliminated. The action was taken months after the company reorganised its operations
Precious metals are closing 2025 with a historic rally, as gold, silver, and platinum reach record levels on global markets. Gold has surpassed $4,500 per ounce, silver has climbed above $72 per ounce, and platinum is trading near multi-year highs. Palladium has also seen significant gains, contributing to one
The Reserve Bank of India (RBI) has announced fresh measures to inject INR 2.9 lakh crore into the banking system, aiming to ease tight liquidity conditions and calm bond markets ahead of the year-end. The move comes at a time when banks have been facing cash pressure due to
India’s startup ecosystem wrapped up December 23, 2025, with steady funding momentum and important business developments across healthtech, fintech, defence technology, and microfinance. Early-stage and growth-stage startups attracted investor interest, reflecting confidence in technology-driven solutions addressing healthcare access, tax compliance, national security, and financial inclusion. Alongside funding action, major
Ola Electric, a manufacturer of electric vehicles, announced on 23 December that it is expanding its Hyperservice project by opening dedicated Hyperservice Centres that will provide qualified customers with a free same-day service guarantee. Bengaluru will be the first of the company's existing service facilities to be progressively
India’s startup ecosystem is often criticised for over-planning and under-executing. Ghazal Alagh, Chief Mama and Co-founder of Mamaearth and Honasa Consumer brands, has now weighed in with a sharp message for early-stage founders: perfection is overrated. In a recent LinkedIn post, Alagh shared hard-earned lessons from building seven consumer
The software division of IT conglomerate HCLTech, HCLSoftware, announced on 22 December that it will buy Wobby, a startup based in Antwerp that specialises in AI data analyst bots. The all-cash transaction, which costs $5.2 million (€4.5 million), is HCL's most recent attempt to integrate "
According to a stock exchange filing, One97 Communications Ltd., the parent company of the fintech business Paytm, is bringing in an investor for its United Arab Emirates (UAE) payments arm and growing its global presence with new subsidiaries in Indonesia and Luxembourg. Two step-down fully owned subsidiaries in Indonesia and
Naxatra Labs, a deeptech company focused on designing and manufacturing high-efficiency electric motors for electric vehicles (EVs) and industrial applications, has raised $3 million in a Pre-Series A funding round. The round was led by Rainmatter, with participation from a strong lineup of prominent founders, operators, and angel investors. The
Even though the deal involves equity dilution that is still EPS-accretive for current Ambuja shareholders, Ambuja Cements' decision to combine ACC and Orient Cement into itself represents a structural reset of the Adani Group's cement empire, creating a single "one cement platform" with sharper operating
* Profits surge to INR 43.07 crore * Rental revenue from operations reaches INR 265.96 crore * EBITDA rises to INR 118.41 crore Rentomojo, a consumer technology company offering furniture and appliances on a rental model, has reported its FY25 financial results, marking its third consecutive year of profitability as
Signalling renewed market confidence and sector momentum, DJT Microfinance, one of India’s rapidly growing microfinance institutions committed to advancing financial inclusion, has secured funding of INR 130 crore from Public Sector Banks (PSBs) and leading Non-Banking Financial Companies (NBFCs). This strategic funding will support the company’s expansion plans
Together with Future Group CEO Kishore Biyani, the Zerodha co-founders have founded The Foundery, an Indian startup accelerator for early-stage companies. Combining aspects of a school, accelerator, and venture studio, the 90-day residential programme offers aspiring entrepreneurs an immersive experience from concept development to investment readiness, as well as the
India’s startup ecosystem closed the day on a strong note with notable funding activity across wealthtech, biopharma, fintech, and deep tech sectors. PowerUp Money raised fresh capital to deepen its advisory offerings, while PlasmaGen Biosciences secured significant funding to expand its plasma-derived therapy portfolio. MSME lender Dugar Finance strengthened
Apple was penalised over 98 million euros ($114.8 million) by Italy's competition authorities for allegedly abusing its dominance in the digital economy through its app-tracking transparency policy.According to the nation's antitrust watchdog, Apple unfairly requires app developers to comply with privacy regulations. On 22
Axiado Corporation, a leading provider of security and management solutions for modern digital infrastructure, today announced it has raised more than $100 million in an oversubscribed Series C+ funding round led by Maverick Silicon, with participation from Prosperity7 Ventures, Orbit Venture Partners, Crosslink Capital, Nosterra Ventures, and others. The investment
A consumer-first association that evolved into a strategic partnership in daily nutrition.
The employee stock option plan (ESOP) of test prep business Unacademy has been modified to drastically reduce the exercise window for departed employees. In the past, departing employees had up to ten years to buy the stock options they had accrued while working for the company. They now have 30
Maharashtra goods and services tax (GST) authorities have sent Urban Company a tax demand and penalty notice amounting to INR 56.4 Cr. The company stated in a filing with the exchanges that the total sum consists of INR 51.3 Cr in primary tax and INR 5.13 Cr
In order to head its global IT operations, Starbucks has named Anand Varadarajan, a technology expert of Indian descent, as its new executive vice president and chief technology officer (CTO). Varadarajan has worked for Amazon for almost two decades. According to Starbucks, Varadarajan will assume leadership on January 19, become
According to The Economic Times, Taiwanese contract manufacturer Hon Hai Precision Industry (Foxconn) employed about 30,000 people at its new iPhone assembly facility in Bengaluru in just eight to nine months, making it one of the fastest factory ramp-ups ever witnessed in India. The Devanahalli facility, which employs predominantly
Cummins India, a power solutions provider, has stated that it sees a "good opportunity" in the data centre industry, which is experiencing a notable rise due to the adoption of AI and data localisation. With five production sites, assembly facilities, and distribution centres, Cummins India Ltd, a division