nanika Editor

Major hospitality and real estate players are heavily targeting West Bengal for expansion, spearheaded by the Nepalese conglomerate CG Corp Global, which has announced a monumental ₹2,000 crore investment plan spanning residential and commercial real estate, hospitality, healthcare, and education, with a primary focus on the immense untapped potential of North Bengal. CG Corp Global, led by managing director and CEO Varun Chaudhary, is already developing two Marriott-partnered hotels in the region and exploring tea tourism opportunities in Darjeeling, reflecting a surge in investor enthusiasm following recent political developments. This regional momentum is further amplified by other industry heavyweights, as…

Amazon India is expanding its ultra-fast delivery ambitions, taking Amazon Now to more than 120 cities across the country, more than doubling its reach in just two weeks. The service, which promises deliveries within minutes, has now reached cities including Amritsar, Abohar, Jalandhar, Ambala, Mangalore, Manipal, Vizag, Kochi, Changanassery, Bhubaneswar and Karwar, extending quick-commerce access beyond major metropolitan markets. Amazon Now offers tens of thousands of everyday products, covering groceries such as fruits, vegetables and frozen foods, along with personal care, fashion and beauty products, small appliances, and home and kitchen essentials. Orders are supported by a network of nearly…

Coca-Cola Co. is considering filing a draft prospectus as early as December for an initial public offering of its Indian bottling subsidiary, Hindustan Coca-Cola Beverages Pvt., potentially paving the way for one of the country’s notable consumer-sector listings. People familiar with the matter said the company is evaluating an IPO that could raise about $1 billion and value the bottling business at approximately $10 billion. The deliberations remain ongoing, and the timing, valuation and structure of the offering could change as discussions progress. The proposed transaction is expected to consist largely of shares sold by existing investors, rather than a…

HCLTech’s software business HCLSoftware is set to acquire Croatia-based enterprise robotic process automation (RPA) platform provider Robotiq.ai for an enterprise value of 9 million euro, or about Rs 98 crore, in an all-cash transaction. HCL Technologies said the deal will be executed through HCL Technologies Austria GmbH, a step-down wholly owned subsidiary, which will acquire 100 per cent of Robotiq.ai’s outstanding equity. The transaction is expected to be completed by the end of November 2026, subject to customary closing conditions. The acquisition will strengthen HCLSoftware’s capabilities in enterprise automation as businesses increasingly seek AI systems that can not only reason…

Tata Projects has entered into a strategic partnership with Canada-based MDS Aero Support Corporation to strengthen aero-engine testing infrastructure in India, marking a significant collaboration aimed at supporting the country’s expanding aerospace and propulsion ecosystem. Under the partnership, the two companies will combine Tata Projects’ infrastructure execution capabilities with MDS Aero Support’s specialised global expertise in gas turbine engine testing. The collaboration is intended to support the development of advanced test facilities required for aircraft engines, propulsion systems and related aerospace technologies as India increases its capabilities across manufacturing, testing and advanced engineering. Tata Projects will take responsibility for several…

IIFL Home Finance Limited has secured a significant $150 million loan agreement with the Japan International Cooperation Agency (JICA) aimed at bolstering access to affordable housing finance for low-income women across India. This strategic partnership is designed to expand homeownership opportunities specifically tailored for women belonging to the Economically Weaker Sections and Low-Income Groups, with the broader objectives of significantly improving living standards, fostering women’s economic empowerment, and advancing overall financial inclusion throughout the country. Implemented as part of a robust co-financing arrangement involving the Asian Development Bank and major private financial institutions, including MUFG Bank, the capital secured through…

Dabur India has received approval from the National Company Law Tribunal (NCLT), New Delhi Bench, for the amalgamation of Ayurvedic hair-care brand Sesa Care Private Limited with the company. The tribunal sanctioned the Scheme of Amalgamation at a hearing held on September 24, 2026, clearing the way for the integration of Sesa Care into Dabur India, subject to the completion of statutory filings and other formalities. Dabur said the merger will add a premium Ayurvedic brand with strong brand equity to its portfolio and further strengthen its presence in the hair-care category. The company had announced the transaction in October…

Reliance Industries is set to explore multiple investment opportunities in West Bengal, with a large team expected to visit the state next week, Chief Minister Suvendu Adhikari said after meeting Mukesh Ambani and Anant Ambani in Mumbai. Reliance is reportedly considering projects across four to five sectors, including an international cable landing station at Digha, a data centre in Rajarhat and a food park in north Bengal as part of its FMCG expansion. The renewed interest from major industrial groups comes as the state government prepares a new industrial policy aimed at attracting large investments through employment-linked incentives, simplified approvals,…

Shapoorji Pallonji Group (SP Group) continues to face funding pressure as it seeks an additional ₹3,500 crore to meet a debt payment due in October, amid uncertainty over the future of Tata Sons and the potential monetization of its roughly 18% stake in the Tata Group’s holding company. The group is reportedly in talks with lenders to exercise a greenshoe option on an existing ₹21,350 crore financing facility, with Deutsche Bank expected to provide a substantial portion of the additional funding. SP Group has also sought to extend the repayment deadline and is seeking a further extension of the 40%…

PhonePe has received in-principle approval from the UAE central bank for two licences covering retail payment services, card schemes and stored value facilities, marking a step toward the Indian fintech company's entry into the Gulf market. The Walmart-backed company said the approval followed initial regulatory due diligence, but it still requires final approval from the UAE central bank before beginning commercial operations. Once final clearance is secured, PhonePe said it plans to work with regional banks, licensed payment service providers and local technology vendors. Launched in 2016, PhonePe operates a digital payments platform that enables users to recharge, pay bills…