nanika Editor

Amazon has announced a major expansion of its India strategy, committing an additional $13 billion investment by 2030, taking its total planned investment in the country to $48 billion over the next five years. The announcement came after Amazon chief executive officer Andy Jassy met Prime Minister Narendra Modi on Thursday. The new investment will primarily focus on artificial intelligence and cloud infrastructure, with more than $21 billion allocated to strengthen Amazon Web Services (AWS) capabilities in India. The company said the expansion will significantly enhance data centre capacity in Mumbai and Hyderabad, enabling wider access to AI tools, cloud…

Walmart-owned Flipkart and Amazon are accelerating their expansion in India’s rapidly growing quick commerce sector as competition intensifies in the market for ultra-fast deliveries. The two global e-commerce giants are focusing on expanding their presence beyond major metropolitan areas and into smaller cities, where demand for rapid delivery services continues to rise. Quick commerce, which promises delivery of products ranging from groceries and household essentials to electronics within 10 to 30 minutes, has transformed consumer shopping habits across India. While domestic players such as Blinkit and Swiggy Instamart currently dominate the segment, Flipkart and Amazon are investing heavily to strengthen…

Nayara Energy, backed by Russia’s Rosneft, has expanded its retail presence in India by crossing the milestone of 7,000 petrol pumps, strengthening its position as one of the country’s largest private fuel retailers. The company stated that it has added over 500 fuel outlets in the last 18 months, averaging nearly one new petrol pump per day, as part of its continued nationwide expansion strategy. The company’s growing network now spans major metropolitan cities, high-growth corridors, tier-2 towns, highways and rural regions, significantly improving fuel accessibility across diverse markets. Notably, nearly one-third of its outlets are located in rural and…

Flipkart has strengthened its leadership position in India’s e-commerce market, while its fashion platform Myntra continues to widen its lead in the online fashion segment, according to a Bank of America Securities report. The findings indicate resilient consumer demand in India’s internet economy despite intense competition and ongoing sector disruption. The report, citing Sensor Tower daily active user data and industry checks, states that Flipkart remains the most engaged e-commerce platform in India as of June 2026. Meanwhile, Myntra has further consolidated its dominance in fashion retail, outperforming rivals in both engagement and category depth, particularly in premium fashion and…

Reliance Jio Infocomm, India’s largest wireless operator, is nearing the filing of draft papers for its much-anticipated initial public offering (IPO), which is expected to be valued at around $4 billion, according to reports. The proposed listing, once launched, could rank among the biggest public issues in India’s stock market history. The filing may take place ahead of Reliance Industries Chairman Mukesh Ambani’s address at the company’s annual general meeting scheduled for June 19. Ambani had earlier indicated that Jio’s long-awaited public market debut is expected in the first half of 2026. If executed at the projected size, the IPO…

JSW Realty, the real estate arm of JSW Group, is in advanced discussions to raise a ₹1,600 crore loan from Tata Capital Ltd to finance a commercial office project near Mumbai’s Bandra business district, according to people familiar with the matter. The proposed five-year loan is expected to carry an interest rate in the range of 9 per cent to 11 per cent per annum, compared to the current five-year government bond yield of 6.47 per cent. However, the transaction has not yet been finalised, and discussions are still ongoing. Both JSW Realty and Tata Capital have not issued any…

Apollo Hospitals Enterprise has proposed the appointment of Shobana Kamineni as the Executive Chairperson of Apollo Healthtech, the company’s medical equipment and healthcare technology unit that is expected to be listed separately in the coming years. The appointment remains subject to shareholder approval. The announcement marks another significant step in Apollo Hospitals’ ongoing restructuring plans. In 2024, the healthcare major revealed its intention to spin off and separately list its digital health and pharmacy businesses as part of a broader strategy to unlock value and strengthen operational focus. Currently serving as a promoter director at Apollo Hospitals, Shobana Kamineni is…