MANAGEMENT EXPERTISE
ET WLF 2026: GIFT City eyes reforms to bring offshore biz home
GIFT City is shifting its focus to bring India-related cross-border financial business home. The regulator aims to address product, expertise, and regulation gaps that drive business overseas. GIFT City seeks to become a landing point for both inbound and outbound investment activities. Indian institutions are urged to assess shifting current overseas business to GIFT. This strategic pivot aims to bolster India's financial capabilities and economic growth.
IndiGo Ventures backs sovereign AI firm Sarvam in ongoing Series B funding round
The investment by the corporate venture capital arm of IndiGo builds on an existing relationship between the two entities. Both companies previously collaborated to deploy artificial intelligence technologies aimed at enhancing passenger experience, assisting airline staff, and streamlining operational workflows across IndiGo's network.
NBCC inks pact to execute NHPC's infra projects across India
NBCC and NHPC have signed an agreement for infrastructure project execution. NBCC will provide project management consultancy and undertake specific NHPC projects. This collaboration covers buildings, structures, and allied works across India. The scope includes design, engineering, and construction of completed projects.
Former Nomura banker Mangesh Ghogre joins BTIG
BTIG appointed Mangesh Ghogre as managing director in its Industrials Investment Banking group. Ghogre will focus on metals and mining coverage for the firm's clients. He brings over two decades of global investment banking experience across the US and Asia. Previously, Ghogre worked at ThinkEquity and founded One Capita Advisors. U.S. Bancorp completed its acquisition of BTIG, LLC on June 1, 2026.
August Energy, Energeia form $100 million platform to finance energy-efficiency upgrades
The partnership, called August Energeia, will initially focus on cooling-as-a-service, allowing commercial and industrial customers to upgrade chillers and other energy-intensive infrastructure without making upfront capital investments. The platform will also finance projects for heating, steam, compressed air, motor-driven systems, fuel switching and renewable energy.
Companies may get a consult for nuclear power entry
Department of Atomic Energy is proposing a new consulting subsidiary for NPCIL. This unit will guide private companies entering the nation's nuclear energy sector. It will offer design, engineering, and regulatory support for PHWR units. The SHANTI Act opened nuclear generation to private players last year. This move supports India's goal of 100 GW nuclear capacity by 2047.
Sun Life bets of India’s alternative investments like Private credit, infrastructure, Raising stake in India’s insurance business not a priority: Kevin Strain
Sun Life sees significant growth potential in India's insurance and wealth management sectors. The company is exploring new investment opportunities within the Indian market. Artificial intelligence will transform service delivery and enhance client understanding. Customer preferences are evolving towards integrated financial planning solutions. Sun Life aims to contribute to India's goal of universal insurance coverage.
Incubit Group plans Rs 5,000 crore India investment, eyes energy infrastructure expansion
Incubit Group plans to invest Rs 5,000 crore in India over four to five years. The emerging-markets energy operator will expand its existing investments and build a broader energy business. India is central to Incubit's long-term strategy, focusing on energy infrastructure opportunities. The group sees capacity constraints in liquid storage and LPG imports, which will rise.
Octave opens Tech and Innovation Centre in Hyderabad; plans to scale to 2,000 engineers
With plans to scale to 2,000 engineers in the coming years, the centre will contribute to Octave's global technology and innovation operations across software engineering, AI, data, cloud, product development and other advanced technology capabilities, a release said.
AI skills beyond coding: How non-tech professionals are joining the AI race
AI is becoming a mainstream workplace skill beyond coding and technical roles. Professionals in marketing, finance, HR, sales and operations are using AI for research, writing, analysis and repetitive tasks. Experts say effective AI adoption requires domain knowledge, responsible use, human judgement and continuous learning, rather than simply mastering prompts or tools.
HAL, Safran sign final deal for Aravalli engine that will power India’s next-generation helicopters
The collaboration between Hindustan Aeronautics Ltd and Safran Helicopter Engines marks a significant milestone in aviation. They have secured a contract to produce the Aravalli engine, a helicopter engine generating 3,500 to 4,000 shp. Designed for HAL's future Indian Multi-Role Helicopter and its naval model, this project enhances India's independent aerospace capabilities while reinforcing the partnership between India and France in the aviation sector.
Why experience alone is not enough for the next level of leadership
The Indian School of Business presents PGP MAX, designed specifically for senior leaders boasting over ten years of experience. This modular program is crafted to enhance leadership skills at the enterprise and C-suite levels through thorough learning. Participants will acquire a global viewpoint and vital decision-making skills required to navigate complexities, thereby aligning their functional expertise with strategic insights for influential leadership in today's ever-evolving landscape.
German-chipmaker Infineon to acquire C2i Semiconductor startup
German semiconductor major Infineon Technologies will acquire Bengaluru-based power-management startup C2i Semiconductors to strengthen its power solutions for AI data centres. Infineon said it will use C2i’s capabilities to create a centre of excellence for digital power technologies in India.
TCS to acquire Porsche IT unit MHP for €320 million
Tata Consultancy Services will acquire Porsche AG's IT consulting subsidiary MHP for an enterprise value of €320 million. The acquisition is part of a wider strategic partnership that includes a five-year, €1.25 billion deal to deploy artificial intelligence across Porsche's engineering, manufacturing, operations and customer experience businesses.
After $20 mn bet in fund, Japan's Resona Bank deepens ties with Tata Capital for India play
Resona Bank and Tata Capital have announced a new collaboration. This partnership aims to offer enhanced financing solutions for clients in India. Resona Bank also made a USD 20 million investment in Tata Capital Growth Fund III. The collaboration will leverage both firms' local market expertise and networks. Japanese businesses can now access India's growing economic opportunities more easily.
ET AI Hackathon: Innovation begins with a challenge
Join the AI Hackathon hosted by The Economic Times alongside Posspole Catalyst, designed to spotlight India's top AI talent. This large-scale competition challenges professionals to tackle real-world business issues through innovative AI solutions. Spanning three dynamic rounds, it culminates in an electrifying finale in Hyderabad. Participants stand to win cash prizes and invaluable industry exposure, propelling their careers into new heights.
Xpeng's robotics unit valued at over $6.3 billion after record funding round
The proceeds will be used to develop robotics hardware and software, train and refine physical AI models, collect high-quality data, build end-to-end mass-production facilities, and support global expansion, the company said. CEO He Xiaopeng announced in June that he would personally lead the robotics business.
Oriental Hotels board approves merger with Indian Hotels Company Limited (IHCL)
Oriental Hotels Limited's board approved an amalgamation scheme with The Indian Hotels Company Limited. This significant merger requires approvals from regulatory bodies and shareholders of both companies. The proposed share exchange ratio involves IHCL issuing new shares for OHL's existing equity. This strategic move aims to create synergies and simplify IHCL's operational structure. The amalgamation is expected to enhance financial resources and management expertise for OHL.
DMRC becomes first Indian metro organisation to secure ISO 55001:2024 certification
Delhi Metro Rail Corporation has become India’s first metro organisation to receive ISO 55001:2024 certification for its asset management system, covering Mumbai Metro Line-3. The certification marks DMRC’s shift towards risk-based, lifecycle-oriented asset management and strengthens its ambitions to expand its operations and maintenance expertise beyond Delhi-NCR.
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