The Indian Hotels Company Ltd (IHCL), the parent of the Taj group, has announced a ₹240 crore investment to acquire a 51% stake in Sparsh Infratech, the company behind the luxury integrated wellness destination Atmantan Wellness Resort near Pune. The deal includes ₹205 crore in primary infusion and ₹35 crore in secondary share purchase. A Strategic Bet on Integrated Wellness Hospitality The acquisition marks IHCL’s formal entry into the fast-rising integrated wellness segment, a category increasingly attracting affluent domestic and global travellers. Situated across 36 acres, Atmantan is a medically guided wellness retreat offering Ayurveda, yoga, naturopathy, physiotherapy, fitness and…
Author: Aman Atulya
Mukesh Ambani-led Reliance Industries has signed an agreement with the Andhra Pradesh government to set up a 1 GW artificial intelligence (AI) data centre, marking one of the largest AI infrastructure commitments in Asia. The announcement was made at the CII Partnership Summit 2025 in Visakhapatnam, in the presence of Chief Minister N. Chandrababu Naidu, IT Minister Nara Lokesh, and Reliance Executive Director P M S Prasad. A Twin to Jamnagar’s Gigawatt-Scale AI Hub The proposed facility will operate as a twin to Reliance’s gigawatt-scale AI data centre in Jamnagar. It will be equipped to host cutting-edge GPUs, TPUs, and…
The Adani Group has received major backing from the Assam Government, securing Letters of Award (LoAs) for two large-scale energy projects that cumulatively bring in investments worth ₹63,000 crore to the state. The plan includes a 3,200 MW ultra super critical thermal power plant by Adani Power and 2,700 MW of pumped storage capacity by Adani Green Energy. Adani Power: ₹48,000 Cr Ultra Super Critical Plant Adani Power will develop a 3,200 MW greenfield plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The company won the bid by offering the lowest tariff of ₹6.30 per kWh. The…
Gamified employee engagement platform ExtraMile Play has secured $500,000 in seed funding, led by GSF, with participation from Mount Judi Ventures, GrowthSense, and Growth91. This follows its earlier ₹80 lakh angel round raised from Chirag Shah, Rahil Bhansali, Animesh Kumar, and 1SmallStep. Capital to Power Product Innovation and Global Expansion The company said the fresh infusion will be used to accelerate product innovation, strengthen technology infrastructure, and expand into new enterprise verticals and international markets. A Decade of Building Gamified Workplace Engagement Founded in 2011 by Pooja Bajaj, ExtraMile Play offers a B2B SaaS employee engagement platform built on behavioral…
Gig and blue-collar workforce platform Nia.one has raised $2.4 million in seed funding from Elevar Equity, strengthening its mission to build a full-stack support system for India’s migrant and gig worker population. The fresh capital will be used to expand the company’s Niadel hubs across major cities and industrial corridors a network designed to offer jobs, housing, meals, mobility, and essentials within a unified ecosystem. Bringing Jobs and Housing Under One Roof Founded in August 2024 by Sachin Chhabra and Lt. Col. Pushkar Raj, Nia.one operates through a phygital model, integrating verified job access with affordable living and daily support…
Fintech platform Pine Labs made a steady entry into the public markets on Friday, listing at Rs 242 per share on the NSE a 9.5 percent premium over its issue price of Rs 221. The BSE also reflected a similar trend, signalling a stable debut despite muted enthusiasm from retail investors. IPO Performance and Subscription Trends The Rs 3,900 crore public issue, which closed on November 11, comprised both a fresh issuance and an offer for sale. According to exchange data, the IPO was subscribed 2.46 times overall, driven primarily by institutional investors. The retail category saw a mild 1.22x…
FMCG major Godrej Consumer Products Ltd (GCPL) has formally completed its Rs 450-crore acquisition of Muuchstac, strengthening its play in the fast-growing male grooming category. The founders of Muuchstac Vishal Lohia and Ronak Bagadia will continue leading the brand under GCPL’s umbrella. Founders to Continue Leading Operations GCPL Managing Director and CEO Sudhir Sitapati confirmed the development on LinkedIn, noting that Muuchstac’s promoters will remain “in the driver’s seat” while GCPL provides scale and strategic backing. Sitapati also invited recommendations for other “new-age, high-quality D2C brands,” signalling GCPL’s intent to expand its digital-first FMCG portfolio. A High-Return Exit Backed by…
SaaS firm Capillary Technologies has mobilised Rs 393.7 crore from 21 anchor investors at the upper price band of Rs 577 per share, a day before its initial public offering (IPO) opens for subscription on November 14. The company allotted 68,28,001 equity shares to anchor investors, according to its filing with the stock exchanges. Two-Thirds of Allocation Goes to Domestic Mutual Funds A significant portion of the anchor book was driven by domestic institutions. Capillary allotted 46.1 lakh shares (67.52%) to nine domestic mutual funds across 13 schemes, raising Rs 266 crore. Major participants included SBI Mutual Fund, ICICI Prudential…
Godrej Aerospace, the aerospace arm of the Godrej Enterprises Group, has delivered the first human-rated L110 stage Vikas engine to the Indian Space Research Organisation (ISRO) for the Gaganyaan mission. This delivery marks a significant step toward India’s first human spaceflight, with the first uncrewed test flight expected early next year and the crewed mission planned for 2027. Strengthening a Four-Decade Partnership Speaking on the achievement, Maneck Behramkamdin, Executive Vice President and Business Head of Godrej Aerospace, said the milestone reinforces the company’s long-standing partnership with ISRO and its Liquid Propulsion Systems Centre (LPSC). The organisation has been supplying high-precision…
Experience-tech startup Alive has raised Rs 6 crore in a funding round led by Powerhouse Ventures along with participation from several angel investors and operators. The fresh capital will be used to expand into more Indian cities, strengthen product development, and scale its network of independent experience creators. Building a New Category in India’s Lifestyle Economy Founded in 2025 by former investor and serial entrepreneur Vivek Kumar, Alive positions itself as a full-stack platform designed to curate, create, and operationalise immersive experiences. In less than a year, the company claims to have grown 90x, offering more than 125 curated activities…