BANKING & FINANCE Fairfax India To Invest ₹2,000 Cr In IIFL Capital, Increase Stake To 51%

Fairfax India Holdings Corporation is set to increase its stake in IIFL Capital Services Ltd to 51% through an investment of ₹2,000 crore via preferential allotment of shares at ₹350 apiece. The proposed transaction will trigger a mandatory public offer under takeover regulations. Following the preferential allotment, Fairfax India’s wholly-owned subsidiary Fairfax Mauritius Investments Ltd […]

CW Bureau · May 7, 2026

STARTUP/TECHNOLOGY UST Acquires Taciti Consulting To Power ERP Transformation Projects

UST, a leading AI and technology transformation solutions company, has acquired Taciti Consulting, a boutique SAP Silver Partner known for executing large-scale, complex ERP transformation projects. The move is aimed at strengthening UST’s capabilities in enterprise application modernisation and expanding its global SAP footprint. Boost in high-complexity industry segmentsThe acquisition enhances UST’s presence in sectors […]

CW Bureau · May 6, 2026

STARTUP/TECHNOLOGY Meesho Pumps ₹100 Cr Into FinTech Subsidiary To Bolster Payments Flow

Meesho Ltd, a leading e-commerce marketplace, is infusing ₹100 crore into its subsidiary, Meesho Payments Pvt Ltd (MPPL), through a rights issue or further capital issuance in one or more tranches. The board of directors has approved the fund infusion, underlining the company’s continued focus on strengthening its fintech capabilities alongside its core commerce operations. […]

CW Bureau · May 6, 2026

STARTUP/TECHNOLOGY Spray Engg Bags ZLD Order From VA Tech Wabag For RenewSys Plant

Spray Engineering Devices Ltd (SED) has secured a contract from VA Tech Wabag Ltd to design, engineer, manufacture, supply, erect and commission a 300 KLD Zero Liquid Discharge (ZLD) system for RenewSys India Pvt Ltd’s solar PV facility in Hyderabad. The order is expected to strengthen SED’s presence in India’s solar manufacturing ecosystem, where water […]

CW Bureau · May 5, 2026

STARTUP/TECHNOLOGY IITM Delhi Tech Summit Pushes For Deeper Industry-Led Innovation

India’s innovation agenda took a decisive step forward as Indian Institute of Technology Madras (IITM) hosted its first-ever Technology Summit in New Delhi, bringing together policymakers, industry leaders, and academia to fast-track the country’s journey towards a technology-driven economy. Inaugurated by Dharmendra Pradhan, Union Minister of Education, the summit, held at Bharat Mandapam, was themed […]

CW Bureau · May 5, 2026

STARTUP/TECHNOLOGY Infosys Closes Optimum Acquisition; Set To Strengthen Provider Playbook

IT services major Infosys has completed the acquisition of Optimum Healthcare IT, marking a significant step in strengthening its capabilities in the healthcare provider segment. The closure follows the company’s earlier announcement on March 25, 2026. Strategic push into provider ecosystemThe acquisition underscores Infosys’ intent to deepen its engagement with health systems and provider organisations, […]

CW Bureau · May 5, 2026

STARTUP/TECHNOLOGY Aurm Raises Series A Funding Of ₹42 Cr To Build Next Gen Locker System

Aurm, a Bengaluru-based startup focused on next-generation bank locker infrastructure, has raised ₹42 crore through Series A funding from Earth Fund, Sattva Ventures and a group of angel investors. The investment will enable the company to scale its technology-driven vaulting solutions aimed at addressing the shortage of secure storage options for urban residents, banks and […]

CW Bureau · May 5, 2026

STARTUP/TECHNOLOGY From Code To Coast: Google’s Vizag Playbook Blends AI With Inclusion

When Google broke ground for its landmark AI hub in Visakhapatnam recently, the announcement went well beyond data centres and digital infrastructure. The company simultaneously unveiled a layered community development playbook, one that ties environmental resilience, livelihoods, and skilling directly to the long-term success of its AI ambitions in the region. At the core is […]

CW Bureau · May 2, 2026

STARTUP/TECHNOLOGY Crestchem Treads Cautiously On Bengaluru Arm Due To Ongoing War

Crestchem Ltd is proceeding cautiously with its proposed expansion into a new start-up venture, citing the current turbulent global environment driven by ongoing war-related uncertainties. The company had earlier announced plans to incorporate a Bengaluru-based subsidiary, Oleo Bioscienses Pvt Ltd, with an initial capital of ₹10 lakh to strengthen its presence in the specialty chemicals […]

CW Bureau · May 2, 2026

STARTUP/TECHNOLOGY Innefu Labs Bags Key Role In Shaping India’s AI Governance Framework

Innefu Labs has announced its empanelment with the National e-Governance Division (NeGD) under the Government of India’s flagship Digital India programme. The AI-driven company provides advanced data analytics and information security solutions to national security agencies. Notably, only six agencies, including Innefu Labs, were shortlisted from over 80 applicants, marking a significant milestone in the […]

CW Bureau · May 1, 2026

STARTUP/TECHNOLOGY Tech Mahindra Bets On BFSI Depth With Avant Techno Acquisition

Tech Mahindra through its wholly owned subsidiary Tech Mahindra Consulting Group is  acquiring a majority stake in Canada-based Avant Techno Solutions, signalling a calibrated shift towards domain-led transformation in the high-value BFSI segment. At a time when global financial institutions are re-architecting core systems amid regulatory change and digital disruption, the move positions Tech Mahindra […]

CW Bureau · May 1, 2026

STARTUP/TECHNOLOGY NIT Rourkela Team Creates Durable, Lightweight Landing Gear Material

A research group at National Institute of Technology Rourkela (NIT Rourkela) has created a lightweight material that can be used in developing aircraft landing gear with high durability. Aircraft landing gear must possess durability to endure wear and tear during landing and taxiing. Existing material limitationsTypically made of aluminium and aluminium alloys, aircraft landing gear […]

CW Bureau · Apr 30, 2026