INDIA INC
India Inc brings home spirit of Diwali, lets employees keep it light
Cos are offering gifts of flexibility-from WFH option to avoid festive traffic, celebrating with staff who reach office despite the rush, to extended time-off. Auto sector bonus has been put in the fast lane.
India Inc thinks out of box for gift hampers this Diwali
Indian companies are upgrading Diwali gifts for employees. This year, expect wellness retreats, skill subscriptions and travel vouchers. Traditional dry fruits and chocolates are being replaced by curated hampers. Companies are spending more per gift, focusing on personalized, sustainable, and experiential options.
NDA to form govt in Bihar, people trusting CM Nitish, says Haryana CM
With the Bihar elections on the horizon, the National Democratic Alliance is gearing up for what they believe will be a landmark victory. Confidence in Chief Minister Nitish Kumar and Prime Minister Narendra Modi runs high among party stalwarts. In contrast, the opposition Mahagathbandhan is criticized for its splintered approach and lack of a cohesive leader.
C-suite, not quite gender neutral: Why India Inc can’t afford to ignore women leaders
India's business world is at a critical juncture, as the shortage of female leadership continues to inflict economic strain. This disparity threatens to compromise both our GDP and strategic competitiveness on a global scale. While women demonstrate remarkable talent in entrepreneurship, entrenched biases often stymie their pathways to leadership.
Tenneco Clean Air India is said to plan IPO in November
Tenneco Clean Air India, a unit of US-based Tenneco, plans a Rs 3,000 crore IPO next month, seeking a $2 billion valuation. The offer, entirely an OFS via Tenneco Mauritius Holdings, comes amid India’s strong IPO wave. Axis Bank, JM Financial, HSBC, and Citigroup are advisors.
Whirlpool of India shares jump 10% after signing key brand, tech agreements. Check details
Whirlpool of India shares rose sharply on Friday after the company announced signing key brand, technology, and service agreements with Whirlpool Corporation and affiliates. The deals aim to strengthen long-term growth, innovation, and exclusive brand rights, ensuring smooth operations and continued support from its parent company.
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Coca-Cola said to mull $1 billion IPO of Indian bottling unit
Coca-Cola is reportedly exploring a blockbuster $1 billion IPO for its Indian bottling arm, Hindustan Coca-Cola Beverages. This move could value the unit at $10 billion, potentially listing next year. The deal signifies a growing trend of global firms listing Indian operations amidst a booming IPO market, despite intensifying local competition.
India's F&B sector set for Rs 9,000 crore IPO boom amid rising demand
India's food and beverage sector is set for a ₹9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
LG India’s bankers hauled in higher fees than Tata’s bigger IPO
LG Electronics India’s smaller IPO proved more lucrative for its bankers than Tata’s larger deal, with higher fees per bank. While both companies debuted successfully on the Mumbai exchange, LG’s offering saw massive oversubscription, highlighting the strong market appetite and premium pricing for the issue.
Myntra expands 30-minute delivery service ‘M-Now’ to Pune
Myntra has expanded its "hyper-speed" delivery service, M-Now, to Pune, offering fashion, beauty, and lifestyle products in as little as 30 minutes. The service covers over 20,000 styles across 600 brands, supported by eight dark stores in the city.
Fossil India is said to weigh IPO that could raise $400 million
US luxury watchmaker Fossil Group is reportedly exploring an Initial Public Offering (IPO) for its Indian subsidiary, aiming to raise between $300 million and $400 million. This move aligns with a surge of multinational firms listing their Indian operations to tap into robust investor demand. The company manages popular brands like Fossil and Skagen, alongside licensed names.
Samsung seeking talent in India to boost AI chip design capabilities
Samsung Electronics is boosting its efforts to hire skilled professionals in India. The company is expanding its research and development team in Bengaluru. This move aims to strengthen Samsung's global semiconductor design capabilities. India is becoming a key hub for advanced chip design. Samsung seeks to establish India as a core design center for AI semiconductors.
Samsung seeking talent in India to boost AI chip design capabilities
South Korean chipmaker Samsung Electronics Co. is accelerating efforts to secure talent in India, a country emerging as a key hub for semiconductor design capabilities, according to a report by Pulse, the English service of Maeil Business Newspaper Korea.
LG Electronics India soars 50% on debut, outshines Korean parent in market value
LG Electronics India debuted on Indian bourses with a 50% premium, surpassing its Korean parent in market value. Analysts suggest booking profits on listing gains, with potential re-entry opportunities after Q2 results, especially on dips towards ₹1,600-1,630.
Why India Inc lags GDP sprint despite robust growth headlines
India's GDP is soaring, yet this growth seems to shadow the profits of many companies. The government’s push in spending and service offerings boosts GDP, but listed firms often miss out on the windfall. Sectors like banking and IT are grappling with their own set of challenges, while export-dependent businesses struggle under tariff pressures.
LG India soars past South Korean parent, becomes $13 billion giant after blockbuster debut
LG Electronics India surged 50% on debut, valuing the company at $13.1 billion—above its South Korean parent. The Rs 11,607-crore IPO drew overwhelming demand, earning top broker buy ratings and marking the largest listing-day premium among India’s Rs 10,000-crore-plus IPOs.
Google to invest $15 billion in AI data centre in biggest India investment
Google has announced a $15 billion investment in India over five years, including building a major data centre and AI hub in Visakhapatnam. This will be its biggest AI site outside the US. The company plans to eventually expand the centre to handle multiple gigawatts of capacity.
Q2 spoiler alert: Over 50 companies staring at double-digit profit slump could hit your portfolio
India Inc's Q2 earnings season is set for a mixed outcome, with over 50 companies anticipating double-digit profit slumps, particularly in auto, metals, and banking. Despite these individual declines, overall market earnings are expected to remain stable, driven by strong performance in sectors like oil & gas, NBFC-lending, and telecom.
Asian stocks mixed as US-China trade optimism lifts sentiment
Japanese stocks are expected to decline as markets reopen, despite global equity gains fueled by renewed US-China trade optimism. This comes as the nation's ruling coalition collapses, creating political uncertainty. Meanwhile, US markets saw a strong rebound, with investors buying the dip amid a resilient economy.
Conditions conducive in Afghanistan for enhancing economic ties: Muttaqi to India Inc
Afghan Foreign Minister Amir Khan Muttaqi assured Indian industry that peace has been established in Afghanistan, creating conducive conditions for economic engagement. Indian businesses highlighted visa issues and streamlined goods movement as crucial for smoother bilateral trade, which has already reached USD 1 billion.
2 billion-dollar debuts set to test strength of India’s hot IPO market
Two billion-dollar IPOs have hit the Indian market, testing its resilience amid high investor interest and strong valuations. These high-profile listings highlight continued appetite for large-cap public offerings, even as broader market conditions remain volatile. Market participants are closely watching subscription trends, initial performance, and potential impact on sentiment for upcoming IPOs in India.
DoR inquiry report in Wintrack case indicates possibility of cheating, private fraud by importer's own agents: CBIC
The Department of Revenue's inquiry into Chennai Customs irregularities suggests importer agents may have engaged in cheating and fraud. The CBIC has launched a 4-6 week investigation, suspending the license of a Customs Broker Agent and lodging a police complaint against unauthorized intermediaries. Officers implicated have been moved out of jurisdiction.
CBIC launches vigilance probe against Chennai customs officials
The CBIC has launched a vigilance investigation into allegations of irregularities by Chennai-based importer M/s Wintrack Inc against Chennai customs officials. Officers named in the preliminary report have been relieved of duties and transferred, while the customs broker agent's license is suspended.
Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
Trustee of Tata's charity arm calls internal disagreements 'unprecedented'
A significant boardroom rift has emerged at Tata Trusts, the charity controlling the $180-billion Tata Group. Trustee Vijay Singh was not reappointed to the Tata Sons board, a move described as unprecedented. This internal dispute fuels fears of a repeat of past public spats. Two factions within Tata Trusts reportedly disagree on key issues.
Citigroup expects up to $20 billion in India IPOs over next year
India's initial public offerings are set to raise up to $20 billion in the coming year. This surge will solidify India's standing as a leading global listings market. Domestic capital, including retail investors, is fueling this growth. Several prominent companies are preparing for their IPOs, promising an active period for the Indian stock market.
Kitchen Confidential: Bombay Sweet Shop, O Pedro parent Hunger Inc raises Rs 215 crore in funding
Currently present only in Mumbai, Hunger Inc is planning to expand to Delhi and set up a flagship Bombay Sweet Shop there over the next 12-18 months. At present, the brand has five retail outlets and 18 dark stores, through which it makes direct deliveries from its own website and also through aggregators Swiggy and Zomato.
India Inc's flex office demand doubles, but startups go leaner
India Inc. is significantly increasing its flex seat requests, more than doubling them to 53 this year, while startups are opting for leaner setups. This surge positions India at the forefront of the global flex movement, attracting substantial investment and transforming commercial real estate with projected flex space market penetration reaching 30% by 2030.
India Inc to give 9% salary increment in 2026: Aon Study
Indian companies are projected to offer an average salary hike of 9% in 2026, a slight increase from the 8.9% actual raise in 2025. Despite global economic slowdown and geopolitical challenges, India's economy remains resilient, with sectors like real estate and NBFCs leading talent investment. Attrition rates have also seen a decline.
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