Business – MediaCatalyst : News – Opinion

23 Jun

Kamath Brothers Back InCred with Minority Stake Acquisition Ahead of IPO

MediaCatalystBusiness

Delhi : Nikhil Kamath and Nithin Kamath have picked up a minor stake in InCred Holdings through the purchase of shares worth â‚¹250 crore in InCred Holdings Limited, the holding company of InCred Financial Services Ltd (IFSL), a tech-first Non-Banking Financial Company (NBFC) focused on consumer, SME, and education lending. The move signals continued investor confidence in India’s evolving credit ecosystem—one that is becoming increasingly formal, digital, and data-driven. “India’s credit ecosystem is changing fast—more formal, more digital, and more accessible,” said Nikhil Kamath, investor and entrepreneur. “InCred Group seems to get that. They’ve built a strong team, a technology-first…

19 Jun

Bajaj Markets Joins ONDC network; Brings 16 million+ Traffic to the network

MediaCatalystBusiness, E-Commerce

Mumbai/Pune : Bajaj Markets, one of India’s largest digital marketplaces for financial products and services, and a part of Bajaj Finserv Ltd., today announced its integration with the Open Network for Digital Commerce (ONDC), making the network accessible to its customers on Bajaj Markets App and Web. This integration makes Bajaj Markets a buyer network participant on ONDC Network. Customers on Bajaj Markets App and Web can now seamlessly shop for electronics and appliances on ONDC Network, in addition to financial products and services on the Bajaj Markets platform. Ashish Panchal, Managing Director and CEO, Bajaj Finserv Direct Limited, said, "With 90+ partners and 140+ financial products and services available on our platform, Bajaj Markets continues to witness steady growth in app and website traffic. This integration connects consumers of Bajaj Markets with sellers on the ONDC network. It allows our 16 million+…

18 Jun

Tata Elxsi and Infineon Partner to Accelerate EV Innovation in India

MediaCatalystAutomobile, Business

Collaboration focuses on ready-to-deploy EV systems built on Infineon technologies for two-wheelers (2W), three-wheelers (3W), passenger vehicles (PV), and commercial vehicles (CV) Mumbai, June 18, 2025 – Tata Elxsi, a global leader in design and technology services, and Infineon Technologies, a global leader in semiconductor solutions, have signed a Memorandum of Understanding (MoU) to jointly develop application-ready EV solutions tailored to the Indian market. This strategic collaboration aligns with India’s rapid shift towards electrification, with EV sales growing by 25–30% year-on-year in 2024, including a 28% increase in electric two- and three-wheeler sales. The partnership strategically leverages design and integration…

18 Jun

ASSOCHAM–Odisha State Development Council and Primus Partners Launch Landmark Report on AI-Driven Manufacturing at Odisha Manufacturing Conclave 2025

MediaCatalystBusiness

Mumbai : The ASSOCHAM–Odisha State Development Council, in collaboration with strategy consulting firm Primus Partners, released a pioneering report titled “AI-Driven Manufacturing: Innovation, Efficiency & Sustainable Growth” at the Odisha Manufacturing Conclave 2025. The report provides an all-inclusive analysis of how Artificial Intelligence (AI) is transforming the manufacturing sector globally and in India, enhancing productivity, operational efficiency, sustainability, and resilience across key industries such as steel, mining, green energy, logistics, and infrastructure. Key Highlights of the Report: ● Sectoral transformation: Real-world case studies from Odisha and beyond on how AI is driving predictive maintenance, quality control, smart logistics, and intelligent automation. ● Odisha at the forefront: The state’s AI-first approach, including…

18 Jun

UGRO CAPITAL TO ACQUIRE PROFECTUS CAPITAL IN A ₹1,400 CR ALL-CASH DEAL

MediaCatalystBusiness

Mumbai : UGRO Capital Limited (NSE: UGROCAP | BSE: 511742), a leading DataTech NBFC focused on MSME lending, today announced a significant development that underscores its commitment to empowering the MSME ecosystem through tailored, embedded financial solutions and expanding its Emerging Market business reach. UGRO Capital has executed a Share Purchase Agreement with the existing shareholders of Profectus Capital Private Limited ("Profectus") to acquire 100% of the shares of Profectus. This all-cash deal, with the consideration payable in a single tranche at closing shall mobilize proceeds from UGRO's recently announced equity raise, will deploy capital into a fully secured asset portfolio delivering instant…

18 Jun

C-Suite Divided on GenAI Adoption, Finds NTT DATA Research

MediaCatalystBusiness, Technology

Mumbai — A new study by NTT DATA has found a disconnect among top corporate executives over the adoption of Generative Artificial Intelligence (GenAI), particularly between chief executive officers (CEOs) and chief information security officers (CISOs). The report, titled “The AI Security Balancing Act: From Risk to Innovation,” draws from a global survey of over 2,300 senior decision-makers in 34 countries. The findings indicate that while a majority of CEOs support expanded GenAI use, many CISOs continue to express concerns about security risks and infrastructure readiness. Contrasting Views Within the Executive Team According to the survey, 99% of C-suite executives…

18 Jun

ACT Fibernet Collaborates with Amazon Prime to Offer Prime Lite Benefits to Consumers

MediaCatalystBusiness, Health, Sports

Mumbai : Combining fast internet with the best of entertainment, shipping and shopping benefits, ACT Fibernet, India’s prominent wired Internet Service Provider, has partnered with Amazon Prime to launch new Prime Lite plans, delivering unparalleled value. These new plans provide customers with seamless, high-speed internet coupled with unlimited access to premium entertainment through Prime Video. With Prime Lite subscriptions, members can enjoy unparalleled entertainment from Prime Video’s extensive library of award-winning and blockbuster Indian and international Originals, TV shows, movies, and more, on a single device of their choice, in HD quality. Prime members also enjoy benefits like free unlimited…

18 Jun

NODWIN Gaming Partners with Chess.com and ChessBase India to Develop Chess Esports in India

MediaCatalystBusiness, Sports

National Bureau : NODWIN Gaming has announced a partnership with Chess.com and ChessBase India to collaborate on a long-term initiative aimed at expanding the chess esports ecosystem in India. The partnership brings together three organizations with different roles in the chess and gaming landscape. NODWIN Gaming will oversee production, broadcast, and commercial operations. ChessBase India will provide access to the domestic chess community and its grassroots networks. Chess.com will offer its digital platform, tournament infrastructure, and community engagement tools. According to the companies, the collaboration will involve joint efforts in producing original content, launching new competitive formats, and engaging both…

17 Jun

Galgotias University and Tata Technologies Establish Learning Centre for Product Development Training

MediaCatalystBusiness, Education

National, 17 June 2025 — Galgotias University and Tata Technologies have jointly launched a Learning Centre focused on product development training for engineering students. The centre will provide technical education and practical exposure to students from Mechanical, Electrical, and Electronics Engineering programs. The facility was inaugurated by Pawan Bhageria, Global President – HR, IT & Education at Tata Technologies, and Dr. Dhruv Galgotia, Chief Executive Officer of Galgotias University. The centre is designed to deliver training in areas such as MCAD/PLM systems, electric vehicle technologies, and other engineering domains. It will leverage Tata Technologies’ I GET IT platform, which offers…

16 Jun

Rajapushpa Properties Opens Large-Scale Clubhouse in Hyderabad Township

MediaCatalystBusiness, Real-Estate

Hyderabad : Real estate developer Rajapushpa Properties has inaugurated a new clubhouse named Club Odyssey within its residential project, Rajapushpa Provincia, located in Narsingi, Hyderabad. The facility spans over 100,000 square feet and is intended to serve as a social and recreational center for residents of the township. The launch event took place on 15 June and was attended by national badminton coach and Padma Bhushan awardee Pullela Gopichand, along with P. Sreenivas Reddy, Executive Director of Rajapushpa Properties. Club Odyssey includes a swimming pool, gymnasium, six badminton courts, indoor games, basketball court, squash court, co-working lounges, and spaces for…