Business

The Competition Commission of India (CCI) has approved Coinbase’s proposed acquisition of a significant stake in DCX Global, marking a pivotal step in the expansion of cryptocurrency and digital asset services in India. The clearance underscores regulatory support for strategic foreign investments in the fintech sector, promoting competition and innovation. The acquisition will enable Coinbase to strengthen its presence in the Indian digital assets market, offering enhanced services and platform capabilities.

Hexaware Technologies has appointed Raghu Mocherla as the new leader of its AI and Cloud, Platform & Services (CPS) division, reflecting the company’s strategic focus on emerging technologies. Mocherla brings extensive experience in AI-driven digital transformation, cloud adoption, and enterprise platform solutions. His mandate includes driving innovation, scaling AI capabilities, and enhancing service delivery across global clients.

E-commerce giant Flipkart is taking a decisive step toward going public following the National Company Law Tribunal’s (NCLT) approval to revert its corporate domicile back to India. The move aligns the company with Indian regulatory frameworks, paving the way for its long-anticipated initial public offering (IPO). Analysts view this as a strategic maneuver to bolster investor confidence, enhance transparency, and streamline compliance with domestic capital market norms.

Reliance Industries is in discussions to acquire a majority stake in Udhaiyam Agro Foods, signaling a strategic push to strengthen its footprint in the fast-moving consumer goods segment. The potential transaction aligns with Reliance’s broader ambition to scale its branded foods portfolio and expand reach in staple and value-driven categories. Udhaiyam Agro Foods, known for its strong regional presence, offers established supply chains and consumer loyalty.

The Kia Seltos continues to be a cornerstone of Kia India’s portfolio, combining design appeal, technology, and multiple powertrain options to stay competitive in the crowded mid-size SUV segment. With regular updates focused on safety, connectivity, and performance, the Seltos has evolved in line with changing consumer expectations and regulatory standards. Its strong sales performance reflects sustained demand from urban and semi-urban buyers seeking a balance between premium features and value pricing.

A sweeping transformation in India’s infrastructure has driven logistics expenses down to approximately 9 per cent of GDP, according to Nitin Gadkari. Once burdened with costs as high as 16%, the country now nears international benchmarks — comparable to logistics regimes in advanced and emerging markets. Underlying this shift are investments in expressways, freight corridors, and cleaner fuels, alongside streamlined transport regulations.

Microsoft has pledged an unprecedented US$ 17.5 billion investment in India over the next four years to expand cloud infrastructure, artificial-intelligence (AI) capabilities, and national digital readiness. The capital infusion — the company’s largest in Asia to date — supports new hyperscale data centres, enhanced cloud services, and a massive AI-skilling drive. It also includes upgrades to public digital platforms to bring AI-enabled services to millions across the country.

Residential real estate along Dwarka Expressway has witnessed an extraordinary surge, with property prices appreciating nearly 3.5 times over the past five years. This dramatic growth is fueled by robust infrastructure development, improved connectivity to Delhi and Gurgaon, and a surge in demand from end-users and investors alike. Luxury and mid-segment housing projects have particularly benefited, driving both sales volumes and premium valuations.

India’s paint sector is poised for a strong performance in the third quarter, driven by robust demand in the decorative and industrial segments. Analysts anticipate an uptick in revenues, supported by easing raw material costs and operational efficiencies that could enhance profit margins. Companies are leveraging both rural and urban demand, alongside strategic pricing adjustments, to offset inflationary pressures. With the festive season approaching, consumer sentiment is expected to further bolster sales.

Reliance Retail Ventures Ltd (RRVL), the retail arm of Reliance Industries Ltd (RIL), has appointed seasoned e-commerce and technology veteran Jeyandran Venugopal as its President and Chief Executive Officer, signalling the start of a major strategic reshuffle. With over 25 years of experience spanning technology, retail and business transformation, Venugopal is tasked with accelerating omni-channel expansion, enhancing operational and technological efficiencies, and steering the company toward a planned public listing.