1. BirlaNu, part of the C K Birla Group, has announced plans to acquire Mumbai-based Clean Coats Private Limited for ₹120 crore. The move is aimed at expanding BirlaNu’s footprint in the construction chemicals space and adding more scale to its business.
Clean Coats is known for its wide range of epoxy and polyurethane coatings, anti-corrosion linings, flooring systems, waterproofing solutions, and food-grade protective coatings. The company serves sectors such as industrial, oil and gas, and water management across India, and also exports its products to over 27 countries.
2. After more than a decade with Britannia Industries, Varun Berry has stepped down as vice-chairman, managing director, and CEO of the company. Berry had been in senior roles at Britannia for 13 years.
Rakshit Hargave will take over as managing director starting December 15. Before this appointment, Hargave served as CEO of Birla Opus, the paints business of the Aditya Birla Group.
3. The Delhi High Court has declined to grant interim relief to JNTL Consumer Health, the Indian arm of Johnson & Johnson, in its plea to sell the remaining stock of its ORSL electrolyte drink.
With this decision, the company will not be able to sell the pending stock until the court delivers a final verdict in the case.
4. The Union Cabinet, chaired by Prime Minister Narendra Modi, has cleared schemes worth ₹45,060 crore to help Indian exporters, especially small and medium businesses, cope with the 50% tariff imposed by the United States on several Indian goods.
The package includes two major initiatives — the Export Promotion Mission with a budget of ₹25,060 crore, and the Credit Guarantee Scheme for Exporters worth ₹20,000 crore to support bank loans for export-oriented businesses.
5. AI startup Anthropic, the company behind the Claude AI models, has announced a massive $50 billion investment to set up new data centers in the United States. The expansion is part of its plan to strengthen AI infrastructure amid growing industry competition.
The company said the project will create around 800 permanent jobs and 2,400 construction jobs as the new facilities become operational through 2026.
6. India’s retail inflation rate dropped to a record low in October 2025, helped by a steep fall in food prices and recent GST rate cuts.
According to data from the Ministry of Statistics and Programme Implementation, the consumer price index (CPI) rose just 0.25% compared to the same month last year. Vegetable prices saw a sharp 27.57% decline in October, following a 21.38% drop in September, contributing significantly to the overall easing in inflation.
7. D2C grooming and personal care brand Bombay Shaving Company has raised ₹136 crore (around $16.3 million) in a fresh funding round led by its existing investor, Sixth Sense Ventures. The round included both primary and secondary investments.
The funding also saw participation from the company’s founder and CEO Shantanu Deshpande, former cricketer Rahul Dravid, and several undisclosed family offices and high-net-worth individuals (HNIs).
8. Medtech startup HRS Navigation, short for Happy Reliable Surgeries, has raised $5 million (around ₹44.3 crore) in a Pre-Series A funding round. The round was led by GVFL, Physis Capital, and Sathguru Catalysers.
India EXIM Bank and KITVEN also participated in the investment round, which will help the company expand its medical navigation technology and strengthen its presence in the healthcare sector.
9. Electronics manufacturing startup Brandworks Technologies has secured an additional $4 million (around ₹38 crore) in an extended Series A funding round. The investment was led by Roha Family Office. This new round follows a previous $7 million Series A round in August 2025, which was led by Cactus Partners.
10. Adani Enterprises has announced details of its ₹25,000 crore rights issue, to strengthen its balance sheet and fund projects in its airport, roads, and new energy businesses.
The issue will include 13.85 crore partly paid-up equity shares of ₹1 each, totalling ₹24,930.30 crore at full subscription. The issue price has been set at ₹1,800 per share, which includes a premium of ₹1,799. The record date for eligible shareholders is November 17, 2025.
Before this issue, Adani Enterprises had 115.4 crore shares outstanding, which will rise to 129.3 crore shares upon full subscription. Eligible shareholders will get three rights shares for every 25 fully paid-up shares held. The rights entitlements will be credited on November 18, the issue opens on November 25, and investors can trade entitlements until December 5, with the issue closing on December 10.
This marks Adani Enterprises’ biggest equity raise since it withdrew its ₹20,000 crore follow-on public offer in 2023, which was pulled back after a report by US-based short-seller Hindenburg Research.
11. The initial public offering of edtech unicorn PhysicsWallah The ₹ 3,480-crore initial share sale received bids for 1,83,06,625 shares, as against 18,62,04,143 shares on offer
12. Debt-ridden Vodafone Idea CEO Abhijit Kishore said the company is engaging multiple sources, including banks and non-banking finance companies, for fundraising, which also depends on the resolution of the AGR matter for long-term funding.
Vodafone Idea (Vi) reported a net loss of ₹5,524 crore for the second quarter ended September 2025, narrowing its losses year-on-year due to lower finance costs and higher average revenue per user following a tariff hike. The company’s total debt stood at ₹2.02 lakh crore at the end of the quarter.
Vi said it received a favourable order from the Supreme Court, allowing the government to reconsider and reassess the additional adjusted gross revenue (AGR) demand raised for the period up to FY2016–17. The court also permitted a comprehensive reassessment of all AGR dues, including interest and penalties. The company’s AGR liability stood at about ₹78,500 crore as of September 2025.
As of September 30, Vi’s outstanding bank debt, including accrued interest, was ₹1,542 crore, while deferred payment obligations for spectrum and AGR dues payable through FY2044 and FY2031, respectively, amounted to ₹2,01,409 crore. The company’s total loss for the first half of FY2025–26 was ₹12,132 crore, and its net worth stood at negative ₹82,460 crore.
Vi’s finance costs dropped 27% year-on-year to ₹4,784 crore from ₹6,614 crore a year earlier, mainly due to reduced bank debt. The company said it is focusing on expanding network coverage and enhancing capacity to improve customer experience.
13. The International Finance Corporation (IFC), a member of the World Bank Group, has invested $60 million in Singapore-based private equity firm Everstone Capital. The investment will go into Everstone Capital Partners V (Fund V).
Fund V will focus on backing companies in high-growth sectors such as healthcare, technology, consumer goods, and financial services across India and Southeast Asia.
14. The Enforcement Directorate has arrested Manoj Gaur, managing director of Jaypee Infratech Ltd, in connection with a money laundering investigation linked to alleged fraud involving home buyers.
Officials said Gaur was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) as part of the ongoing probe into the case.
15. ReNew, a leading decarbonisation solutions company, has announced plans to invest ₹82,000 crore across the entire renewable energy value chain.
The investment will cover high-technology areas such as solar ingot and wafer manufacturing, project development, and the production of green hydrogen and other green molecules, marking one of the company’s largest commitments to clean energy growth in India.
16. Hyderabad-based biotech startup BioVaram, incubated at the University of Hyderabad under UR Advanced Therapeutics Pvt Ltd, has signed a memorandum of understanding with Japan’s Teijin Limited to expand the use of regenerative medicine products and implantable medical devices in both India and Japan. The partnership will help bring Teijin Group’s medical technologies to the Indian market while introducing BioVaram’s advanced product portfolio to Japan. As part of the agreement, both companies will also work on obtaining regulatory approvals and commercialising Teijin Medical Technologies’ cardiovascular repair patch, SYNFOLIUM, in India.
17. Fintech company PhonePe has partnered with OpenAI to integrate the artificial intelligence company’s capabilities across its platform. The collaboration will make OpenAI’s ChatGPT accessible within both the PhonePe consumer app and the PhonePe for Business app. This development follows last month’s partnership between Razorpay, the National Payments Corporation of India (NPCI), and OpenAI to introduce agentic payments on ChatGPT and explore AI-driven commerce at a national scale.
18. Godrej’s aerospace division has delivered the first human-rated L110 stage Vikas engine to ISRO for its Gaganyaan mission. The engine, developed for India’s ambitious human spaceflight programme, marks a major milestone in the country’s space technology journey.
The first uncrewed test flight under Gaganyaan is scheduled for early next year, with ISRO planning to send Indian astronauts into orbit aboard an indigenously built rocket by 2027. Godrej Aerospace Executive Vice President and Business Head Maneck Behramkamdin said the achievement highlights the company’s long-standing partnership with ISRO and its ability to deliver critical technology that supports India’s space leadership.
19. Tetr College, a first-of-its-kind global business school, has raised $18 million in a funding round co-led by Owl Ventures and Bertelsmann India Investments (BII). The fresh capital will be used to set up three new campuses in the United States, Europe, and Dubai.
The funds will also help Tetr strengthen its presence across ten countries, expanding its operations in North America, Europe, the Middle East, Asia, and Africa.
20. AI-driven customer support startup Giga has raised $61 million in a Series A funding round led by Redpoint Ventures. The round also saw participation from Y Combinator and Nexus Venture Partners.
The fresh capital will help Giga expand its AI capabilities and scale its customer support solutions for businesses globally.
21. French climate-focused investment firm Mirova, backed by Kering and other major corporates, has invested $30.5 million (about €26.4 million) in Indian climate tech startup Varaha.
22. Digital lending platform Finnable has raised ₹500 crore (around $60 million) in an equity funding round led by Z47 and TVS Capital. Prior to the current round, Finnable raised $5.77 million over three funding rounds from 12 investors, including Manipal Global and MEMG Family Office.
23. . Home and lifestyle D2C brand Haus & Kinder has raised $3.3 million (around ₹30 crore) in a new funding round.
Café chain FES Café has secured about $1 million in a pre-Series A funding round led by 12 Flags.
Deep tech startup Coratia Technologies, an underwater robotics company, has raised ₹5 crore (around $563,000) in a funding round led by Piper Serica Angel Fund.
Brandworks Technologies, a design-driven electronics manufacturing company, has completed its Series A funding at $11 million (around ₹100 crore) after receiving an additional $4 million (₹38.12 crore) investment from Roha Family Office.
EV charging startup ACS Energy has raised ₹1.1 crore (around $132,000) in a pre-seed funding round led by Inflection Point Ventures (IPV).
Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million in a Series A funding round.
Event Planet Technologies has raised $250,000 in angel funding from US-based investor Virendra Prasad, valuing the company at ₹30 crore.
Rocket propulsion startup Trishul Space has raised ₹4 crore (around $480,000) in a pre-seed funding round.
Experience-tech startup Alive has raised ₹6 crore in funding from Powerhouse Ventures along with a group of angel investors and operators.
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