Business

Mahindra Holidays & Resorts India Ltd (MHRIL) has announced that its Finnish subsidiary, Holiday Club Resorts Oy, has acquired 100% stake in Salla Star Property firm for a cash consideration of €0.26 million (approx. ₹2.35 crore). This strategic acquisition is aimed at enhancing Holiday Club’s property portfolio in Finland, focusing on high-demand experiential destinations. Acquisition…

In a strategic move to strengthen its foothold in India’s pharmaceutical landscape, Torrent Pharmaceuticals Ltd announced on Thursday its decision to acquire an additional 2.41% stake in JB Chemicals & Pharmaceuticals Ltd (JBCPL) for a consideration of ₹620 crore. The transaction signals Torrent’s continued confidence in JBCPL’s growth potential and is likely to enhance its…

In a major philanthropic initiative reaffirming its commitment to social development, Infosys Foundation has pledged a grant of over ₹48 crore to significantly improve maternal and child healthcare infrastructure in rural Karnataka. The Foundation, led by Chairperson Sudha Murty until her recent retirement and currently under new leadership, continues to focus on critical grassroots health…

In a significant boost to India’s clean energy and grid stability infrastructure, International Finance Corporation (IFC), the private sector arm of the World Bank Group, has committed an investment of Rs 460 crore ($55 million) to IndiGrid for developing the country’s largest battery energy storage system (BESS). The investment marks IFC’s growing focus on energy…

German home appliance and refrigeration giant Liebherr has commenced production of its fully integrated refrigerator models at its manufacturing facility in Aurangabad, Maharashtra, marking a significant milestone in its India operations. This strategic move aligns with the company’s commitment to expand its localised portfolio and tap into India’s rapidly growing premium home appliances market. Significance…

Catamaran Ventures, the family office and investment arm of Infosys co-founder Narayana Murthy, is exploring ambitious opportunities in India’s emerging precision manufacturing sector by planning Amazon-like joint ventures with global partners. This strategic pivot reflects a larger vision to leverage India’s manufacturing policy tailwinds, integrate technology with production, and build scalable ventures aligned with Make…

Nikesh Arora, an alumnus of IIT-BHU, Harvard Business School, and Boston College, is among the most celebrated Indian-origin corporate leaders globally. Currently the Chairman and CEO of Palo Alto Networks, Arora’s career trajectory from an engineer to one of the world’s highest-paid CEOs is a powerful testament to ambition, adaptability, and strategic clarity. Early Life…

Nestle India has announced the commissioning of a new production line for its flagship Maggi noodles at the company’s Sanand factory in Gujarat with an investment of ₹105 crore. The expansion marks another milestone in Nestle’s strategy to strengthen its instant foods portfolio and boost manufacturing capacity to meet rising consumer demand across India. Key…

RITES Limited, India’s leading transport infrastructure consultancy and engineering firm, has secured multiple orders valued at over Rs 64 crore from various domestic and international entities. This development underlines the company’s growing stature in consultancy, engineering, and project management solutions within and beyond India. Breakdown Of Recent Orders Bagged By RITES According to company updates,…

Godrej Industries Limited (GIL) has announced a significant investment plan of Rs 750 crore to expand its chemicals business capacity over the next three years. This strategic move aligns with the company’s vision to strengthen its position in the specialty chemicals market and achieve higher growth in domestic and export segments. Investment Plan And Expansion…