Author: Abizar Attari

Nashville, September 26: American coffee giant Starbucks has announced the establishment of its first Global Capability Center (GCC) in Chennai, even as the company has closed nearly 250 stores in North America, eliminating about 900 positions as part of a broader turnaround strategy led by newly appointed CEO Brian Niccol.  This restructuring comes at a time when shifting consumer habits and inflationary pressures have forced the coffee chain to streamline its operations in an aim to reduce its overheads. The company has said it will try to transfer baristas to other locations where possible, while employees who are leaving will…

Mumbai, September 24: Auto component major Minda Corporation Limited’s board has approved two moves to drive the company’s next phase of growth. This includes establishing a wholly owned subsidiary in China along with the issuance of Non-Convertible Debentures (NCDs) worth ₹500 crores. This move is aimed at establishing Minda Corp’s presence in the international supply chain, allowing it to directly engage with suppliers to reduce lead times, boost quality control and optimize costs. The subsidiary is aimed to function as a critical hub for the company in one of the world’s largest automotive markets. This presence will also help Minda…

Mumbai, September 24: India’s leading stock brokerage, the National Stock Exchange of India (NSE), finally listed on the BSE on September 24 after its highly anticipated IPO. Opening at ₹ 1,800 per share on the Bombay Stock Exchange (BSE), the stock immediately saw a surge in buying interest, solidifying the exchange’s position as a heavyweight in India’s capital markets. Within minutes, the NSE’s market cap zoomed to reach amongst the top 10 most valued companies in India, alongside Sun Pharma, HUL and Infosys, with its valuation reaching ₹4.63 lakh crore. While some analysts have declared the initial opening as a…

New Delhi, September 23: Cosmetics and hygiene products maker Procter & Gamble Hygiene and Health Care (PGHH) has officially addressed rumors of a potential delisting, denying them even as the company’s financials remain weak in Q1 FY27 amid commodity pricing pressures. The company recorded a 5% decline in standalone sales at ₹901 crore for the quarter, with net profits standing at ₹126 crore, down from ₹192.06 crore recorded during the same period last year. Higher advertising costs also contributed to the lower margin realisations, with revenues falling 4.9% to ₹891.46 crore from ₹937.03 crore from the same period last year.…

Mumbai, September 23: Waaree Energies, one of India’s largest solar module manufacturers, has announced the acquisition of a massive 2 GW supply order from an undisclosed domestic customer. This latest contract strengthens the company’s dominance in the renewable energy sector along with its revenue visibility for the long term. With this, Waaree Energies’ total order book reaches almost ₹61,500 crore. This allows the company to gain high revenue visibility over the medium time, extending through FY27. Given the scale of orders, Waaree Energies could handle further large scale utility projects, analysts hope. It has already scaled up its solar module…

Bengaluru, September 22: Masters’ Union Ventures (MU Ventures), the Rs. 100 crore early-stage investment fund focused on backing founders under the age of 25, is strengthening its support for student entrepreneurship with the first-ever edition of Masters’ Union Demo Day in Bengaluru. Held today at Startup Park, Bengaluru, the showcase saw 25 student-led startups, including 15 from the Masters’ Union ecosystem and 10 from external campuses, secure soft-funding commitments, close to ₹60 crore, with commitments made within an hour of the founders’ pitches. The event brought together more than 65 venture capital firms and angel investors. Investors backed ventures across…

Mumbai, September 17: India’s largest public issue by the National Stock Exchange of India (NSE) has gone live today, ending a long awaited moment for both retail and institutional investors. The IPO is aiming to raise ₹.22,569 crore through the markets, with a price band of ₹ 1,700 to ₹ 1,785 per share.  A day before the issue, institutional investors have already poured in ₹ 6,746 crore, from a pre-IPO fundraise that included Goldman Sachs, Fidelity, GIC Singapore, Life Insurance Corporation of India (LIC) and the Abu Dhabi Investment Authority (ADIA), among other investors. This IPO remains the second largest…

New Delhi, September 14: Sona Comstar, a leading mobility technology company, highlighted the growing importance of advanced manufacturing, artificial intelligence, robotics and physical AI in shaping the future of Indian manufacturing and mobility at the Indian Institute of Technology Delhi. Priya Kapur, Director and CSR Chairperson, Sona Comstar, participated in the panel discussion titled “Manufacturing Tech & Semiconductors: Can India Build What the World Needs Next?” The session examined India’s potential to develop globally competitive technologies, strengthen domestic capabilities and emerge as a leader in advanced manufacturing. During the discussion, Kapur called for deeper collaboration between industry and academia to…

The quick-commerce sector in India has altered consumer expectations for companies. Ordering over the phone and having it delivered in a matter of minutes used to seem unattainable, but it is now a commonplace expectation. This change has given brands a huge opportunity. A business that used to sell through its own website and a few marketplaces may now virtually instantly reach customers in dozens of neighborhoods. However, a crucial concern is starting to surface as India’s quick-commerce ecosystem grows: is the supply chain infrastructure keeping up with this expansion? It takes more than just increased marketing, more SKUs, or…

New Delhi, September 4: Medhavi Group today launched MedhaviOne, a platform built on shared standards for skills and credentials across education and employment. Amit Haralalka, formerly Head of Growth at Tata Digital, joins as Co-Founder and CEO, alongside group co-founders Pravesh Dudani and Kuldip Sarma. A growing structural gap currently exists between what people learn, what industries need, and what employers trust as demonstrated capability. The rapid evolution of AI and new business models is shortening the shelf life of skills, demanding a shift from the sequential ‘education-then-work’ model to a continuous learning architecture. This is the gap MedhaviOne aims…