Recent 6 months news in Business

Maruti Suzuki India has partnered with 5 startups under the fifth cohort of the Maruti Suzuki Incubation Program (MSIP).

The selected startups are MiniMines, Easework AI, Sarvam AI, Siftly, and CodeMate AI. These startups will develop solutions focused on operational efficiency, customer experience, and recycling of end-of-life electric vehicle (EV) batteries. The MSIP is conducted in collaboration with the Indian Institute of Management (IIM) Bangalore.

The International Finance Corporation (IFC), the private-sector arm of the World Bank Group (WBG), has pledged $371 million to Sify Infinit Spaces Ltd (SISL), a subsidiary of Sify Technologies Ltd.

The financing will support the development of AI-ready, energy-efficient Data Centre (DC) infrastructure in Navi Mumbai and Chennai.

SpaceX has agreed to acquire Anysphere, the parent company of the AI coding assistant Cursor, in an all-stock transaction worth $60 billion.

Meta has acquired a minority stake of 20% in the Indian financial technology (fintech) startup CRED.

The acquisition was completed through a Series H funding round worth $900 million (₹8,550 crore), which values the company at $4.5 billion.

Jeh Aerospace Pvt Ltd has signed a multi-year, multi-million-dollar agreement with the USA-based Solestra Group to establish a dedicated Global Manufacturing Centre (GMC) at the former's facility in Hyderabad.

The Essar Group has signed a $500 million crude oil sourcing and product supply agreement with the Abu Dhabi-based International Resources Holding (IRH).

The agreement aims to support procurement, supply chain optimization, and energy trading in global markets.

NSE Indices Ltd, a subsidiary of the National Stock Exchange (NSE), has introduced 11 new sector-specific indices, taking the total number of indices managed by the entity to 34.

These indices cover sectors such as power, capital goods, telecommunications, construction, consumer services, retail, healthcare, and financial services.

Union Minister Ashwini Vaishnaw, in the presence of Maharashtra CM Devendra Fadnavis, has inaugurated the advanced manufacturing facility of Jabil Inc. at the Maharashtra Industrial Development Corporation (MIDC) in Ranjangaon, Pune.

The facility aims to create an export-centric ecosystem for manufacturing next-generation hardware for AI data centres.

Jio Platforms (JPL), the technology arm of Reliance Industries Ltd (RIL), has entered the global top 20 in the Patent Co-operation Treaty (PCT) rankings for 2025 released by the World Intellectual Property Organisation (WIPO).

JPL is the only Indian technology innovator to secure a position in the top 20 list. China leads the world in 2025 PCT filings with 73.7 thousand applications, while India ranked 12th globally with 3.07 thousand PCT applications.

President Droupadi Murmu has approved the merger of REC Ltd (REC) into the Power Finance Corporation Ltd (PFC). The merger aims to create a larger and more efficient public sector power financing institution.

The Competition Commission of India (CCI) has approved the subscription of equity shareholding in Axis Finance Ltd by Kedaara Pearl Holding and Kedaara Capital Fund IV AIF.

The CCI has also approved the acquisition of PGIM India Asset Management Pvt Ltd and PGIM India Trustees Pvt Ltd by TVS Emerald Ltd and TVS Venu Management and Consultancy Services Pvt Ltd.

Sarvam AI, an Indian full-stack sovereign AI startup, has become the 130th unicorn of India. The company raised $234 million as part of its $300 million Series B funding round.

With this, the valuation of the company has reached $1.5 billion, making it the only AI startup in India to achieve this valuation.

Elon Musk, CEO of Space Exploration Technologies Corporation (SpaceX), became the world’s first trillionaire on paper following the Initial Public Offering (IPO) of the company.

SpaceX raised $75 billion through the IPO, surpassing the 2019 Saudi Aramco IPO to become the largest public offering in history.

Platinum Jasmine A 2018 Trust, an investment vehicle backed by the Abu Dhabi Investment Authority (ADIA), has announced plans to reduce its 2.3% stake in Lenskart Solutions Ltd through a block deal.

Nuvama Wealth Management Ltd has received final approval from the SEBI to commence mutual fund (MF) operations. The company will conduct these operations through its asset management arm, Nuvama Asset Management Ltd.

Meta has partnered with Reliance Industries Ltd (RIL) to develop its first large-scale AI-enabled data centre in Jamnagar, Gujarat.

Under the agreement, the former will lease 168 MW of AI-ready data centre capacity from RIL, with operations expected to commence by 2028.

The Competition Commission of India (CCI) has approved the acquisition of a 2.8% stake in Shriram Life Insurance Company Ltd (SLIC) by Sanlam Emerging Markets (Mauritius) Ltd (SEMM) through a preferential issue.

Additionally, the commission has approved the acquisition of a 29.06% stake in PUMA SE by Ancat Holding GmbH, an indirect wholly-owned subsidiary of ANTA, via a secondary share purchase.

The International Finance Corporation (IFC), an arm of the World Bank Group, along with global investors, has committed $105 million to Hygenco Green Energies Pvt Ltd to accelerate green hydrogen development in India.

This marks the first direct green hydrogen investment in India for the IFC, Siemens, and Fullerton. The total funding includes $50 million from the IFC, $25 million from Siemens, and up to $30 million from Fullerton.

American investment firm GQG Partners has sold a 1.85% stake in GMR Airports Ltd (GAL) to Fidelity International Ltd (FIL) through Open Market Operations (OMOs) for ₹1,906 crore.

The Ministry of Corporate Affairs (MCA) has approved the incorporation of Mahindra Manulife Insurance Ltd (MMIL). It is a 50:50 life insurance joint venture between the Mahindra Group (India) and the Manulife Financial Corporation (MFC) (Canada).

The venture aims to provide AI-native and digitally-led insurance solutions across rural, semi-urban, and urban India, aligning with the vision of “Insurance for All”.