Recent 6 months news in Business

The Indian Cybercrime Coordination Centre (I4C), under the Ministry of Home Affairs (MHA), has directed the code repository platform GitHub to remove and disable access to the source code of 'BitChat', a peer-to-peer messaging platform that functions without an internet connection by utilizing Bluetooth mesh technology.

pi-labs, an Indian AI and deepfake detection company, has partnered with Google Cloud to deliver secure, scalable, and mission-ready AI solutions in India.

Union Minister Giriraj Singh inaugurated the 3rd edition of Bharat Tex, India's flagship global textile event, at Bharat Mandapam in New Delhi.

During the event, the Confederation of Indian Textile Industry (CITI) established a bilateral industry platform in collaboration with the European Apparel and Textile Confederation (EURATEX). The event generated business enquiries worth $2.8 billion and secured investment commitments of ₹14,300 crore across various states. Additionally, participating states signed over 30 MoUs.

Reliance Jio Infocomm Ltd (Jio) has received technical approval from the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to deploy a Low Earth Orbit (LEO) satellite constellation consisting of 1,600 satellites.

The company intends to file for global orbital slots under the International Telecommunication Union (ITU) to launch India's first home-grown satellite broadband constellation. The project aims to provide a capacity of 4.5–5 Tbps, supported by 20–22 ground stations in India.

Chitkara University in Punjab has launched the Atal Incubation Centre–Chitkara Incubation Foundation (AIC-CIF) and AIC-PRIDE Labs. The initiative involves an investment of ₹20 crore over 5 years.

It aims to strengthen the deep-tech startup ecosystem in India by supporting startups in drone technologies, agritech, and renewable energy.

Tata Consultancy Services (TCS) has launched a Gemini Experience Centre (GEC) in Kolkata in collaboration with Google Cloud. The centre aims to showcase AI-led innovations for consumer businesses.

UK-based Aviva Plc has acquired the remaining 26% stake in Aviva Life Insurance Company India Ltd (Aviva India) from its Joint Venture (JV) partner, Dabur Invest Corp. (DIC).

With this, Aviva Plc has become the first foreign insurer to fully own its life insurance business in India.

The Government of India (GoI) has approved a Joint Venture (JV) between Dixon Technologies (India) Ltd and Vivo Mobile India Ltd (VMI) for the manufacturing of electronic devices and smartphones in India.

Dixon Technologies will hold a 51% stake, while Vivo Mobile India will hold the remaining 49% stake. The entity will be established with an initial paid-up capital of ₹5 crore, contributed by both entities in proportion to their shareholdings.

Instamart, a quick commerce platform, has partnered with Hindustan Petroleum Corporation Ltd (HPCL) to launch an on-demand Liquid Petroleum Gas (LPG) cylinder delivery service.

This marks the debut of the next-generation 10 kg composite LPG cylinder named 'HP Navya' from HPCL on the platform. Initially available in Bengaluru, the 'HP Navya' cylinder is designed to be lighter and corrosion-resistant.

The Competition Commission of India (CCI) has imposed a penalty of ₹126.87 crore on HP India and a combined fine of ₹1.22 crore on 5 of its resellers for operating a cartel in the sale and supply of personal system products like laptops, desktops, and accessories.

Kutch Copper Ltd (KCL), a subsidiary of Adani Enterprises Ltd (AEL), has received the London Metal Exchange (LME) certification for its "Adani Copper" Grade A cathodes.

Prime Minister Narendra Modi has inaugurated the CG Semi Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. This facility marks the commencement of commercial chip production.

Power Grid Corporation of India Ltd (POWERGRID) has secured a green loan of ¥80 billion from the Japan Bank for International Cooperation (JBIC) to finance the Khavda–Nagpur High Voltage Direct Current (HVDC) transmission project.

The project is designed to evacuate renewable energy from the Khavda Renewable Energy Park in Gujarat to Nagpur, Maharashtra.

Adani Enterprises Ltd (AEL) and International Resources Holding (IRH), a part of the International Holding Company (IHC) group, have signed an MoU with the Odisha government on setting up an integrated greenfield aluminium project with an investment of $11.5 billion (₹1.08 lakh crore).

Amazon, a US-based multinational technology company, has announced an investment of $48 billion in India for the period between 2026 and 2030.

The investment aims to strengthen the e-commerce, AI, cloud computing, and logistics businesses of the company in India.

The Competition Commission of India (CCI), under the Ministry of Corporate Affairs (MCA), has approved two major acquisition proposals.

Germany-based DWS Group has received approval to acquire a 40% stake in Nippon Life India Alternative Investment Fund (AIF) Management Limited (NIAIF) for approximately ₹733 crore.

An Aditya Birla Group-led consortium has acquired a 100% stake in Royal Challengers Sports Pvt Ltd (RCSPL), the owner of the Royal Challengers Bengaluru (RCB) franchise, from United Spirits Ltd (USL) in an all-cash deal worth ₹16,660 crore. Following the acquisition, Aryaman Vikram Birla, Director at the Aditya Birla Group, has been appointed as the Chairman of the RCB franchise.

The Competition Commission of India (CCI) has approved the proposal of Honda Motor Co Ltd to acquire an additional 21% stake in Astemo Ltd from Hitachi. With this, the stake of Honda in Astemo Ltd will increase to 61%, making it a subsidiary, while Hitachi and JIC Capital will retain 19% and 20% stakes, respectively.

In another acquisition, Bharti Airtel has acquired a 16.3% stake in Airtel Africa from ICIL for ₹28,200 crore. This transaction increases the total shareholding of Bharti Airtel in Airtel Africa to 79%.

Shankh Mitra, CEO of Welltower Inc., has been ranked as the second-highest-paid CEO in the world for FY25.

According to The Wall Street Journal, he received a compensation package of $821 million (₹7,744 crore). Tesla chief Elon Musk topped the list with a compensation of $158 billion.

Herbalife International India, in collaboration with the IIT Madras, has launched the first Centre of Excellence (CoE) on plant cell fermentation technology in India at the IIT-M Research Park.

The Board of Directors of Power Finance Corporation Ltd (PFC) and REC Ltd (REC) have approved a merger scheme to integrate REC into PFC under Sections 230 to 232 of the Companies Act, 2013.

This consolidation will create a financing entity with an aggregate loan book exceeding ₹11 lakh crore.