India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Mumbai: Flipkart has secured go ahead from the National Company Law Tribunal (NCLT) to shift its domicile to India from Singapore, taking the Walmart-controlled firm a step closer to IPO, said people aware of the matter. Flipkart did not respond to queries.In April this year, the company had started the process of shifting its base to India, joining a clutch of new age companies that flipped back to the country to align better with local norms and list in domestic bourses amid a booming primary market. For brands that cater to Indian consumers and are well-known locally, it makes sense to go for an IPO here. Flipkart, the second company from Walmart's India stable to prepare for an Indian listing after PhonePe, is eyeing an IPO in 2026.
Guwahati, Jun 5 (PTI) The Assam Congress on Thursday demanded a CBI inquiry into alleged illegal stone mining in Karbi Anglong district in violation of a Supreme Court order. Addressing a press conference here, former Rajya Sabha member Ripun Bora also alleged that Karbi Anglong Autonomous Council Chief Executive Member Tuliram Ronghang was allowing illegal activities in the district in nexus with Chief Minister Himanta Biswa Sarma. "Large-scale illegal stone mining is taking place in the hills of Karbi Anglong in violation of the Supreme Court order. The SC had banned mining in and around K ...Read More >
Mumbai, Feb 24 (PTI) Up to 30 per cent of India's top-100 unlisted companies have the right business models and growth potential, making them candidates for listing on stock exchanges, a top official from Hurun India said on Tuesday. None of these companies identified in the 'JM Financial' - Hurun India Unlisted Gems 2026' have formally announced IPO plans yet. "I think some of them could (list). I think around 25-30 per cent has a potential to get listed, but they don't have IPO plans announced ready," Anas Rahman Junaid, founder and chief researcher at Hurun India, told PTI on the sideline ...Read More >
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consume ...Read More >
Mumbai: India's IPO market is showing strong signs of revival, with 38 companies filing their draft papers in March 2026. This is a big jump compared to 22 filings in March 2025 and just 16 in March 2024, according to Securities and Exchange Board of India data. The surge indicates that companies are preparing to enter the stock market, even though global uncertainties and market volatility continue. Big Names in the Pipeline Several well-known companies are part of this growing IPO pipeline. These include SBI Funds Management and Manipal Health Enterprises. In the coming weeks, major play ...Read More >
Flipkart and Amazon India have been under ED scrutiny for alleged breach of FEMA provisions. The Enforcement Directorate (ED) is learnt to have offered the option of closing a FEMA violation case against e-commerce major Flipkart if the Walmart group firm admits its mistake and pays a penalty, sources aware of the development said. The option was given by the Enforcement Directorate to Flipkart last week under the compounding rules of FEMA (Foreign Exchange Management Act). "ED has given the o ...Read More >
NEW DELHI (Reuters) -- Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows. Samsung is embroiled in the Competition Commission of India's (CCI) investigation that in August concluded that the South Korean giant and other smartphone companies broke antitrust laws by colluding with Amazon and Flipkart to exclusively launch products online. ...Read More >
New Delhi, Jun 5 (PTI) Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources. When contacted about the grant of the NBFC licence, Flipkart confirmed the development but did not divulge any details. The move could pave the way for Flipkart to offer loans directly to customers, sources said noting the specific instances in which the customers at times choose the EMI model or instalment mode to pay for products they choose. However, the company's specific p ...Read More >
MUMBAI: IPO street is buzzing again. The strong debut of HDB Financial Services on the bourses earlier this week is expected to fire up the momentum. Startups are adding to the IPO rush: Meesho on Thursday filed its draft IPO papers with markets regulator Sebi through the confidential route, seeking to raise up to Rs 4,250 crore through a fresh issue of shares.Primary market fundraising may hit $2.4 billion in July, almost matching the $2.5 billion peak seen in Dec 2024, edging past June's $2-billion mark, said Prakash Bulusu, joint CEO at IIFL Capital.Global Tensions EaseSince last week, Pine ...Read More >
MUMBAI: Shadowfax has filed draft IPO papers with markets regulator Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore comprising a mix of fresh issue of shares and offer for sale (OFS) by existing shareholders, sources said. The Flipkart and TPG backed logistics startup which was last valued at $712 million or about Rs 6,000 crore is eyeing an IPO valuation of about Rs 8,500 crore.Startups are rushing to Dalal Street after a recovery in stock markets opened up the IPO window for companies. Over the past few days, Pine Labs, Wakefit and Curef ...Read More >
New Delhi, Sep 24 (PTI) Digital payments provider PhonePe has filed draft papers with markets regulator Sebi for its upcoming initial public offering (IPO) using the confidential pre-filing route. On Wednesday, the company's spokesperson said, "PhonePe Ltd has filed the Pre-filed Draft Red Herring Prospectus with Sebi and the stock exchanges, under...the Sebi ICDR Regulations in relation to the proposed initial public offering of its equity shares on the main board of the stock exchanges". However, the spokesperson declined to provide details of the IPO size. To assist the public offering, ...Read More >
New Delhi, Jul 1 (PTI) Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added. The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial publ ...Read More >
New Delhi, Oct 26 (SocialNews.XYZ) India is increasingly becoming a key growth market for global consumer goods companies, driven by the rapid rise of e-commerce and quick-commerce platforms. The country's expanding digital retail ecosystem is enabling faster market penetration and boosting online sales, making India one of the standout performers for international consumer brands. Global consumer goods majors Unilever and L'Oreal reported a sharp rise in online sales during the September quarter, driven by the rapid expansion of quick-commerce and digital retail channels. French beauty gia ...Read More >
The Indian IPO market is witnessing a remarkable surge in preliminary filings, with 38 companies submitting papers to SEBI in March 2026, signalling robust issuer confidence and strategic regulatory compliance despite prevailing market volatility. Illustration: Dominic Xavier/Rediff.com Key Points A total of 38 companies filed preliminary IPO papers with SEBI in March 2026, a sharp increase from previous years, indicating improved issuer sentiment and regulatory considerations. High-profile comp ...Read More >
New Delhi: Reliance Industries Limited Chairman Mukesh Ambani is all set to outsmart his competitors with a bold new game plan. Reliance Industries Limited (RIL) has made a major decision to separate all its fast-selling consumer goods -- the FMCG brands -- into a new entity. These brands were previously housed under Reliance's retail companies RRVL, RRL, and RCPL. Now, they will be moved into a newly formed company named 'New Reliance Consumer Products Limited' (New RCPL). This new entity will operate as a direct subsidiary of RIL, much like Jio Platforms. As per The Economic Times report, ...Read More >
New Delhi, April 6: Digital payments platform PhonePe on Monday announced a limited-period offer on its newly launched co-branded credit card with State Bank of India. The PhonePe SBI Card is being offered with zero joining fee for the first year, allowing customers to access its benefits without any upfront cost. "Users can enjoy the premium benefits of the card at no cost for the first year," the fintech platform said. The card, available on both RuPay and Visa platforms, is tailored for digitally active consumers who frequently transact online. A key highlight of the card is its universal ...Read More >
New Delhi, Dec 17 (PTI) The National Company Law Tribunal (NCLT) has approved the merger of eight Flipkart entities, taking the e-commerce major a step closer to obtaining an Indian domicile ahead of its potential public listing. The tribunal has sanctioned the Scheme of Amalgamation involving eight Singapore-incorporated transferor companies merging into Flipkart Internet Private Limited, the Bengaluru-based operational arm. Flipkart will now require approval from the Singapore court before the matter is taken up by the Registrar of Companies (RoC). According to sources, this approval is a ...Read More >
Jaipur, Aug 28 (PTI) The Rajasthan High Court on Thursday cancelled the contentious police sub-inspector recruitment exam-2021 owing to paper leak. Justice Sameer Jain in a detailed judgment cancelled the exam 2021 which was the bone of contention for both BJP and Congress governments in the state. "Illegality and fraud on the system was so conspicuous. It is strange that the state government did not take action any decision on the subject. The court's decision hopefully will act as a deterrent for the gangs playing with the future of youths," said senior advocate Major R P Singh who represe ...Read More >
NEW DELHI, India: India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms. The body says those challenges, filed by Samsung, Vivo, and others at Indian high courts, aim to scuttle the probe. On December 3, the Competition Commission of India (CCI) asked the court to consolidate 23 lawsuits filed by Samsung, Vivo, and several Amazon and Flipkart vendors to speed up the resolution of an ongoing investigation. The lawsuits aim to block the investigation, which began in 2020 and has faced repeated delay ...Read More >
New Delhi, Jun 5 (PTI) Flipkart has received a lending licence from the Reserve Bank of India (RBI), the Walmart-backed ecommerce company confirmed on Thursday. The nod came in March this year, according to sources. Also Read | Who Is Pinaki Misra? From Age to Family Background and Net Worth, Here's All About BJD Leader With Whom Mahua Moitra Reportedly Married. When contacted about the grant of the NBFC licence, Flipkart confirmed the development but did not divulge any details. The move could pave the way for Flipkart to offer loans directly to customers, sources said noting the specific ...Read More >
Lalit Keshre, cofounder and CEO of investment platform Groww, has become a newly-minted billionaire on the back of the company's strong stock market debut. With Groww's shares soaring since listing, Keshre's 55.91 crore shares -- a 9.06 percent stake -- are now valued at about ₹9,448 crore, placing his net worth around the $1-billion mark. Groww made a remarkable entry into the public markets on 12 November, listing at ₹100 a share and climbing more than 70 percent in just four sessions to ...Read More >
New Delhi (VNA) - Indian Prime Minister Narendra Modi has emphasised that the initiative to share the holy relics of the Buddha with Vietnam has sparked a profound cultural and spiritual phenomenon, drawing more than 15 million pilgrims to nine different sites across the Southeast Asian nation. According to the Vietnam News Agency's correspondent in New Delhi, during the 123rd edition of his radio programme Mann Ki Baat, PM Modi said "Can you imagine that in Vietnam - a country of around 100 million people, over 15 million have paid homage to the sacred relics of Lord Buddha? The images and v ...Read More >
MUMBAI (Reuters) -Indian billionaire Mukesh Ambani's Reliance Industries said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit. Reliance's consumer business includes brands such as Campa Cola, which competes with Coca-Cola and Pepsi, and dozens of other snacks and confectionery brands that fight for shelf space with the likes of Mondelez's Cadbury chocolates. India's National Company Law Tribunal has approved the internal restructuring under which Reliance will transfer its consumer busines ...Read More >
MUMBAI: India's market regulator is rethinking the rules for very large initial public offerings (IPOs), a move that could reshape how companies such as Reliance Jio, Flipkart, and LG Electronics list. The Securities and Exchange Board of India (Sebi) on Monday unveiled a five-tier framework aimed at easing IPO regulations for mega issuers, cutting minimum public offer requirements and extending timelines for reaching mandated public shareholding from five to ten years. The changes are designed to make trillion‑rupee floats more manageable in a market where sudden dilution can create an "ove ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as the tax reductions on essential items of daily use will bring a noticeable drop in prices. He furthe ...Read More >
Bengaluru, April 3: Nandita Sinha, the chief executive officer of Myntra, is set to resign in the coming weeks, marking a significant leadership shift within the Flipkart group. According to sources, the company has already initiated the process of identifying her successor as it prepares for key strategic developments, including its much-anticipated IPO later this year. Sinha, who has been associated with Flipkart since 2013, played a crucial role in scaling Myntra into India's leading fashion e-commerce platform. During her tenure as CEO, which began in 2022, she also briefly oversaw Flipka ...Read More >
Mumbai: Logistics startup Shadowfax has filed draft IPO papers with Sebi through the confidential filing route. The company is seeking to raise up to Rs 2,000-2,500 crore, comprising a mix of fresh issue of shares and offer for sale by existing shareholders, sources said. The Flipkart and TPG-backed logistics startup, which was last valued at $712 million or about Rs 6,000 crore, is eyeing an IPO valuation of about Rs 8,500 crore.In the last few days, Pine Labs, Wakefit, and Curefoods filed draft IPO papers with the markets regulator, with other startups in the queue. TNN ...Read More >
New Delhi: India is increasingly becoming a key growth market for global consumer goods companies, driven by the rapid rise of e-commerce and quick-commerce platforms. The country's expanding digital retail ecosystem is enabling faster market penetration and boosting online sales, making India one of the standout performers for international consumer brands. Global consumer goods majors Unilever and L'Oreal reported a sharp rise in online sales during the September quarter, driven by the rapid expansion of quick-commerce and digital retail channels. French beauty giant L'Oreal's CEO Nicolas ...Read More >
The Competition Commission approved Alphabet's Shoreline International Holdings LLC's stake acquisition in Flipkart, a Walmart group firm. This involves share subscription, further cementing Alphabet's investment strategy in Indian e-commerce. Meanwhile, MUFG Bank increased its stake in DMI Finance, reflecting rising strategic investments in India's financial services sector. The Competition Commission on Tuesday approved a significant transaction between Alphabet's subsidiary, Shoreline International Holdings LLC, and the Walmart-owned Flipkart. This transaction entails subscribing to Flipka ...Read More >
New Delhi: Logistics service provider Shadowfax Technologies has filed for an initial public offering (IPO) through a confidential pre-filing route, with an aim to raise Rs 2,000-2,500 crore, industry sources familiar with the development said. The company could be valued at around Rs 8,500 crore, they added.The IPO is a mix of fresh issue and an offer-for-sale (OFS) by existing shareholders. In a public announcement on Tuesday, Shadowfax Technologies said it has "pre-filed draft red herring prospectus with Sebi and the stock exchanges...in relation to the proposed initial public offering of ...Read More >
Pune (Maharashtra) [India], July 4 (ANI): Amidst the ongoing Marathi-non-Marathi row, a group of Maharashtra Navnirman Sena (MNS) workers allegedly stormed a man's residence in the Vanaz area of the city on Thursday and threatened to assault him over an objectionable social media post targeting MNS chief Raj Thackeray. The man, identified as Kedar Soman, had reportedly posted a comment on Facebook that MNS workers found offensive and disrespectful to their leader. Enraged by the post, a group of party workers led by senior Pune MNS leader Hemchandra Sambhush gathered outside Soman's flat. Al ...Read More >