Startup News
SoftBank Shifts India Strategy: Eyes Buyout Deals to Fuel AI-Led IT & BPO Transformation
SoftBank is pivoting in India, aiming to acquire IT and BPO firms to inject them with AI. This marks a shift from its typical investment strategy, seeking direct control to drive AI integration and efficiency. This move aligns with Masayoshi Son's global AI vision, leveraging India's service sector to scale AI-powered solutions, despite the country's developing foundational AI model capabilities.
PayU India Achieves Significant Growth: Revenue Climbs 12% to ₹4,300 Crore in FY25
PayU India saw its revenue jump 12% to ₹4,300 crore in FY25, driven by a 14% rise in payment volumes across key sectors. Its payments business broke even in H2 FY25, a major milestone. With a new RBI payment aggregator license, PayU is set to expand further in India's booming digital payments market.
India's Economy Ignites: Business Activity Soars in June on Robust Demand and Historic Export Surge
India's economy soared in June! Business activity hit a 14-month high (PMI 61.0) due to strong domestic demand and record export orders, particularly in manufacturing. Hiring surged. Input cost inflation also eased, allowing stable pricing. This robust performance signals sustained growth for India's private sector.
Powering Growth: How Increased R&D Spending Fuels the Small Business Engine
This news report details how increased R&D investment by small businesses is vital for economic prosperity in New Delhi and beyond. It highlights benefits like competitive advantage, attracting talent & investment, and broader economic growth, urging more focus on innovation for a thriving SME sector.
Boosting Bihar: PM Modi Launches Comprehensive Development Drive with ₹5,735 Crore Investment
PM Modi has launched ₹5,735 crore worth of development projects in Bihar! This massive investment spans water, rail, and power, including new Vande Bharat services & a 'Make in India' locomotive export. Witness how these initiatives are set to transform Bihar's infrastructure and quality of life.
Ixigo Sees Major Stake Shift: Elevation Capital Exits with Stellar Returns, Schroder Steps In
Elevation Capital has made a profitable exit from Ixigo, selling shares worth ₹97.4 crore with a massive 25x return! Global investor Schroder International Selection Fund has simultaneously acquired a significant stake. This major transaction highlights strong investor confidence in the travel tech firm.
Middle East Tensions Brew Trouble for Tea Trade: Orthodox Prices Dip Amidst Geopolitical Uncertainty
Red Sea ripples hit Indian tea! Geopolitical tensions between Iran and Israel are pushing down orthodox tea prices. Exporters face rising freight costs and uncertain shipments, threatening India's lucrative Middle East tea trade. A waiting game begins for a vital industry.
E-commerce Giant's India Bet: Amazon Infuses ₹2,000 Cr into Nationwide Network
Amazon India is infusing over ₹2,000 crore ($233M) to supercharge its nationwide operations! This massive investment aims to boost logistics, enhance tech, and prioritize workforce well-being. Get ready for faster, more reliable deliveries as Amazon deepens its commitment to India's booming e-commerce market. Read the full story on their strategic plans!
Vedanta's Aluminium Ambition: Targeting a $4 Billion EBITDA Leap by FY26
Vedanta's aluminium business is set for a massive surge! The company aims to double its EBITDA to $4 billion in FY26. Driven by new capacities, raw material self-sufficiency, and value-added products, this strategic push is set to redefine its profitability. Get the full story on how they plan to achieve this ambitious goal!
Indian Startups Pivot Away from Chinese Investors: A Strategic Rebalancing
Indian startups like Paytm and MakeMyTrip are actively reducing or divesting stakes held by Chinese investors amidst geopolitical tensions and increased regulatory scrutiny. This strategic rebalancing aims for greater autonomy, national identity, and a diversified investor base, signaling a maturing Indian startup ecosystem focused on self-reliance.
MakeMyTrip's $3 Billion Buyback Aims to Cut Trip.com Stake Below 20%
MakeMyTrip is reportedly planning a colossal $3 billion share buyback! This unprecedented move is poised to drastically cut down Trip.com's stake in India's leading online travel major to less than 20%. Such a massive capital return signals strong financial health and a strategic re-evaluation of ownership, fundamentally reshaping MMT's future in the booming travel sector.
Big Players Arrive: Adani & Birla Join India's Cables Market
India's cables sector is about to see big changes! Adani & Birla Groups are making a strategic entry, poised to ignite consolidation and intensify competition. Get ready for a major shake-up in the market as these giants expand their infrastructure footprint.