Coca-Cola has sold a 40% stake in its Indian bottling arm, Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL), to Jubilant Bhartia Group. This strategic move aligns with Coca-Cola's global asset-light strategy.
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Four Kirloskar companies plan to legally challenge Sebi's directive to disclose a family settlement deed from 2009. They assert the deed does not impact them, while a legal dispute among Kirloskar siblings over the deed continues. Sebi deems disclosure necessary under listing regulations.
TVS Motor Company reported a 7% increase in December 2024 sales, with 321,687 units sold compared to 301,898 last year. Two-wheeler sales rose 8%, led by a 30% surge in scooter sales and a 79% spike in electric vehicle sales. Exports grew 22%, while three-wheeler sales declined. The company's quarterly two-wheeler sales increased by 11%.
Shutterstock and Getty Images announced their merger plans to create a $3.7 billion visual content leader. Craig Peters will lead the combined company, offering diverse media portfolios. Under the agreement, Getty shareholders will own 54.7% of the merged entity, Shutterstock 45.3%, and Shutterstock shares soared nearly 30% following the announcement.
Budget 2025 expectations: Finance Minister Nirmala Sitharaman is expected to increase fund allocations for the RoDTEP and RoSCTL schemes by nearly 10% each in Budget 2025-2026. This aims to address export demands and extend benefits to SEZs and export-oriented units, amid counters to challenges and tariff war opportunities.
Indian companies shattered fundraising records in 2024, raising over ₹1.2 lakh crore through Qualified Institutional Placements (QIPs) by November. This surge, driven by a robust stock market and high valuations, doubled the previous year's figures. Giants like Vedanta and Zomato led the charge, each raising ₹8,500 crore.
Adani Enterprises reported a 97% drop in quarterly profit, significantly impacted by its coal trading unit and foreign exchange loss. Revenue fell almost 9% to Rs 22,850 crore. This comes amid allegations of the chairman and his nephew's involvement in a $250 million bribery scheme.
Nestaway Technologies' co-founder Amarendra Sahu has accused key investors like Tiger Global Management and Goldman Sachs of cheating and forgery in the sale of the company to Aurum PropTech. Sahu claims the sale was enforced with forged documents and alleges misuse of proceeds by co-founders.
Indians embraced quick commerce for groceries and non-grocery items in 2025, leading to higher average order values. Companies experienced rapid growth, though expansion into smaller cities may hinder profitability. Regulatory scrutiny and stiff competition from established e-commerce platforms could further complicate the landscape.
India and Indonesia discussed the potential sale of BrahMos missiles, highlighting local defence production expansion and bilateral cooperation. PM Narendra Modi and Indinesia President Prabowo Subianto committed to fighting terrorism and enhancing defence collaboration.
Union minister Jitendra Singh announced that India's space sector has attracted over Rs 1,000 crore investment recently, with space economy expected to grow five-fold to $44 billion. At the ETNOW.in Business Conclave, the need for updating Indian IT laws was highlighted, while Arunachal Pradesh governor emphasized the importance of strong border security, innovation, and infrastructure for attaining Viksit Bharat.