Enterprise Financial News

rental income.Phoenix’s multiple business lines often move in different directions, making consolidated Ebitda less useful as a yardstick, particularly because accounting for real estate construction differs from that for retail and hotels. Investors may instead want to focus on the segment that drives the bulk of the company’s sum-of-the-parts valuation: retail leasing.According to Motilal Oswal Financial Services estimates, the retail leasing segment could post an Ebitda of about ₹2,900 crore in FY26, compared with roughly ₹400 crore from the hotel business.

Mint explains how.Anthropic cofounder and chief executive Dario Amodei said the company created a cybersecurity coalition after observing how capable its new ‘frontier’ artificial intelligence model, Claude Mythos, is. Anthropic tested the latter to discover thousands of critical software flaws, technically known as ‘zero-day vulnerabilities’, within an unspecified period of time.A ‘zero-day’ vulnerability means a glitch in a software’s code that no one has discovered to date.

₹180 crore, in a Series A funding round led by Greenoaks Capital, as investors bet on rising demand for artificial-intelligence (AI) computing infrastructure. Existing investors RTP Global and Unicorn India Ventures also participated.“Our larger ambitions entails now building a full stack new cloud platform,” said Abhinav Sinha, co-founder and chief executive at Nava (formerly Kluisz.ai), in an interview with Mint.

TA Associates at an enterprise value of roughly $1.2 billion. However, the sale fell through.“The deal is in initial stages.

SMS Integrated Facility Services from private equity firm Samara Capital for an enterprise value of about ₹270 crore in February.The acquisition marked SILA’s push to deepen its presence in integrated facility management.Founded by brothers Rushabh and Sahil Vora in 2009, SILA operates in more than 125 cities across India, managing over 450 million square feet of real estate with a workforce exceeding 60,000.The company delivers integrated, tech-enabled services spanning facility management, material handling equipment leasing, food catering, and real estate advisory—serving large corporates, funds, and developers across the full asset lifecycle.“Our focus is on leveraging technology to drive efficiency, transparency, and service quality at scale across India’s built environment,” the Vora brothers said in the statement on Wednesday.Its real estate development arm, SILA Estates, is currently developing over 1 million square feet of premium residential and commercial projects across Mumbai.In FY25, the company reported operating revenue of about ₹913.9 crore, up from ₹713 crore a year earlier. Profits widened to ₹11.5 crore compared to ₹9.1 crore in FY24, according to an Icra report.Norwest Venture Partners first acquired a stake in SILA in August 2019 and has invested around ₹110–120 crore in the company over the years.

As artificial intelligence (AI) reshapes global tech spending, India’s IT services majors are responding with a leadership reset. New chief AI roles, dedicated business units, and AI-linked revenue disclosures point to a structural shift in how the sector is gearing up for growth in the automation era.This shift is already visible in the pace of leadership changes.

trade negotiations because it opens access to large public-sector markets.The gross merchandise value (GMV) on the GeM portal fell 7.4% to ₹5.03 trillion in FY26, from ₹5.43 trillion in FY25.“There is a degrowth of 7.4 % in FY26 with respect to FY 24-25 due to the absence of unique/ sporadic procurement. However, the cumulative GMV of ₹18.4 lakh crore (since its inception in 2016) reflects the sustained confidence of buyers, sellers and institutions in a transparent and technology-driven ecosystem improving public procurement.

IT sector, according to the data.There has also been a visible surge in companies explicitly branding themselves as AI-focused. At the beginning of FY26, 84 companies in every 10,000 new registrations mentioned ‘AI’ in their names.

Dhirubhai Ambani built one of India’s greatest business empires but died in 2002 without a clear succession plan. What followed is now business folklore. His elder son, Mukesh Ambani, turned his part of the inheritance into a global enterprise worth over $117 billion.

global AI boom. Interestingly, the company's share price is down just 10% from its 52-week high, even in a weak market. GNG operates in the global secondary-refurbished market under its brand, Electronics Bazaar.

Godrej Enterprises is planning price hikes of 6% to 10% across categories from April, as rising input costs, freight rates, and supply disruptions continue to put pressure on margins, Kamal Nandi, business head (appliances) at Godrej Enterprises Group, told Mint.“Largely, the prices are going up due to the shortage in key raw materials like plastic, which are dependent on crude oil, rupee weakening and shortages in liquified petroleum gas (LPG) and piped natural gas (PNG).”Intex Technologies expects to raise AC prices by around 4-5% and washing machines by about 5-6%, even as it tries to absorb a significant portion of the cost escalation internally to limit the impact on consumers, Keshav Bansal, director at the appliance maker, said.Hisense India is closely monitoring the evolving situation and may consider price hikes of 7-10% in the second week of April, depending on how demand trends and competitive responses unfold, according to chief executive Pankaj Rana.The war-led disruption comes at the start of the crucial summer season, when demand for cooling appliances peaks, forcing companies to balance margin protection with sustaining sales.“We are seeing simultaneous cost increases across plastics, metals and packaging, which is very unusual and is putting pressure across all product categories at once,” Bansal said.While prices typically rise ahead of the season, the increase is far more pronounced this year, creating a dual challenge of rising costs and uncertain consumer demand.Madhur Singhal, managing partner (consumer and internet) at consultancy Praxis Global Alliance, said companies are likely to take upfront price increases rather than staggered hikes through the season.

India’s technology market has often served as a proving ground where global platforms compete both for users and influence over the digital set-ups of industries. The rise of GenAI models is setting the stage for a similar contest. Winning revenue from Indian enterprises will soon become one of their most consequential battlegrounds.

Mint.Ford Blue focuses on internal combustion vehicles, Ford Model e develops electric vehicles and Ford Pro builds commercial vehicle and fleet solutions.The EPEO organisation operates across roughly 32 locations globally, including in Chennai and Bengaluru, and supports technology systems across about 600 operational sites worldwide, including around 70 manufacturing plants.AI is being embedded across Ford’s technology stack—from engineering simulations to enterprise workflows and productivity tools.According to Walimbe, the company is pursuing AI across three broad areas: large strategic initiatives overseen by senior leadership, organisation-wide adoption of AI tools by employees, and targeted applications designed to improve specific business processes.Ford has already begun deploying AI in engineering workflows. Internal high-performance computing clusters powered by graphics processing units are dramatically accelerating simulations used in vehicle design.

Mint.The shift began last year, when the firm sold its majority stake in human resources tech and services player PeopleStrong to the private equity arm of investment banking giant Goldman Sachs. The Mumbai-based company had first invested in PeopleStrong in 2017 from its Fund II, which was sized at $555 million, according to private market data intelligence platform PitchBook.“We bought a services business and pretty much spent all the R&D dollars to really build the products business and make it successful,” said Gaur.The same year, the firm acquired a majority stake in digital engineering services QBurst in a $200 million deal, marking its first bet in the segment.

IBM closed the buyout of Confluent, a US-based data streaming company. At $11 billion, this is IBM’s second-largest acquisition in recent years, after the Red Hat buyout in 2019 for $34 billion. The deal is expected to help IBM boost Agentic AI capabilities.As companies shift from AI pilots to production, they struggle with fragmented data.

financial crisis soon cut that to roughly $11 billion at the trough, before a recovery to around $15 billion by 2010.The inflection point came in 2011, when Adobe began shifting from boxed software to monthly subscriptions through its Creative Cloud platform. Investors were initially skeptical. Over time, the model gained traction.

KP Singh joined the company, he inherited an enterprise with ambition but little room to operate.The opportunity lay just outside Delhi.In the early 1980s Haryana began licensing private developers to build residential colonies. DLF secured licences in 1981 and 1983, opening the door to large-scale development in the farmland surrounding Gurgaon. Singh travelled from village to village, persuading farmers to sell their land.

It is unfortunate that India’s government has decided to call off the privatization of IDBI Bank for now, as reports indicate. The disappointment is that this decision was reportedly taken in response to poor investor interest—as seen in low bids for the 61% stake on offer to corporate bidders. There are many reasons behind the process of what we in India like to call ‘disinvestment,’ a euphemism coined as a political shield against critics.

The Adani Group’s acquisition of Jaiprakash Associates Ltd (JAL) out of insolvency is set to significantly scale up its real estate ambitions in north India, giving it access to a vast land bank and a pipeline of stalled housing projects in the National Capital Region (NCR), where it has had limited exposure so far.The National Company Law Tribunal’s (NCLT’s) approval of Adani Enterprises Ltd’s (AEL’s) ₹15,000-crore-plus resolution plan for JAL hands the group a ready-made real estate platform spanning 3,985 acres across Noida, the Yamuna Expressway and Greater Noida, at a time when land scarcity and surging prices have intensified competition among developers.The Ahmedabad-based ports-to-power conglomerate’s portfolio will now include prime land parcels, large, partly developed projects such as Jaypee Greens in Greater Noida and the Jaypee International Sports City near the upcoming Noida International Airport in Jewar, along with thousands of undelivered apartments across multiple projects.JAL’s assets also comprise five hotels and resorts across locations such as Greater Noida, Agra and Mussoorie, in addition to commercial and industrial properties.Beyond real estate, the acquisition gives Adani access to JAL’s cement capacity of 6.5 million tonnes in Uttar Pradesh and Madhya Pradesh, along with limestone mines and other raw material linkages, strengthening the group’s broader infrastructure and construction play.“This transaction will give Adani access to a ready-made portfolio of good quality land and projects in Noida, a market that has performed extremely well in recent years,” said Santhosh Kumar, vice-chairman, Anarock Property Consultants, adding that Adani will create a huge future customer base if it executes

semiconductor maker also established a global coalition of companies, Nemotron. It includes the likes of Perplexity and Cursor to build large language models (LLMs) that will act as a reference point for enterprises globally.

Mint. “That creates an alternative to the China supply chain."For a company best known for consumer products, the shift marks a strategic expansion into the enterprise segment and reflects a broader shift in India’s manufacturing landscape.Many core components used in appliances, particularly motors, compressors and electronic controllers, have historically been imported largely from China.