Recent 6 months news in Business

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.

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.