Business

Indian technology major Infosys has entered into a strategic collaboration with U.S.-based semiconductor leader Intel to accelerate artificial intelligence adoption across global enterprises. The partnership aims to integrate advanced AI hardware capabilities with scalable digital transformation services, enabling businesses to deploy AI solutions more efficiently and securely.

FMCG major Britannia Industries has received a Goods and Services Tax demand notice amounting to Rs. 6.37 crore from tax authorities, adding to regulatory scrutiny faced by large consumer goods companies. The notice reportedly pertains to alleged discrepancies in tax filings and input tax credit claims for a specified assessment period. While the financial exposure appears modest relative to the company’s scale, the development underscores intensifying compliance oversight under India’s GST regime. Britannia has indicated it is evaluating the order and may pursue legal remedies.

India’s infrastructure investment landscape is poised to witness another milestone as the Raajmarg Infra InvIT IPO prepares to open for subscription on March 11. The public offering aims to raise significant capital by offering units of the infrastructure investment trust to institutional and retail investors. Backed by operational highway assets, the InvIT structure allows investors to participate in long-term infrastructure revenue streams while providing developers access to fresh capital.

Godrej Properties has strengthened its presence in the National Capital Region through a fresh land acquisition in Gurugram, underscoring its aggressive expansion strategy in high-growth urban corridors. The transaction aligns with the developer’s focus on premium residential projects in supply-constrained micro-markets with strong absorption potential. Gurugram, a key real estate hub driven by corporate demand and infrastructure upgrades, continues to attract institutional capital and branded developers.

Sedemac Mechatronics has raised Rs. 326 crore from anchor investors as it gears up for its initial public offering (IPO), signaling robust institutional confidence. The capital infusion reflects strong demand from mutual funds, insurance firms, and high-net-worth investors, underscoring positive market sentiment toward India’s industrial automation sector. The proceeds are expected to support capacity expansion, research and development initiatives, and working capital requirements.

JSW Cement has secured a limestone mining lease in Assam, strengthening its raw material access and reinforcing its long-term expansion strategy in eastern India. The acquisition of the mining rights ensures a stable supply of a critical input for cement manufacturing, reducing dependence on third-party sourcing and enhancing cost efficiency. The development aligns with the company’s broader capacity augmentation plans and reflects rising infrastructure demand across the Northeast.

Mahindra Holidays & Resorts India Ltd is strengthening its leisure portfolio with the development of a new resort property near Murud Beach, a fast-emerging coastal destination in Maharashtra. The expansion reflects the company’s strategy to tap into rising domestic tourism demand, particularly for premium experiential travel within driving distance of major urban centers. Industry observers view the move as a calculated response to shifting vacation patterns favoring short-haul, high-quality stays.

MRF Ltd has announced a capital investment of Rs. 5,300 crore to establish a new greenfield manufacturing facility in Tamil Nadu, marking one of the largest industrial commitments in the state’s automotive component sector in recent years. The project is expected to significantly enhance production capacity, generate employment, and strengthen India’s domestic tire manufacturing ecosystem. Industry analysts view the move as a strategic bet on sustained demand growth in both domestic and export markets.

Dabur India Ltd has made a strategic investment in direct-to-consumer skincare brand RAS Luxury Skincare, signaling its intent to expand in the fast-growing premium beauty segment. The investment underscores Dabur’s ambition to capture higher-margin categories and strengthen its digital-first portfolio. RAS Beauty, known for plant-based formulations and luxury positioning, will leverage Dabur’s distribution expertise and capital support to scale operations.

Mercedes-Benz India has reported robust growth in the domestic luxury car segment while unveiling the refreshed Mercedes-Benz V-Class, underscoring its strategy to consolidate leadership in India’s premium automotive market. The German marque’s Indian arm cited sustained demand across metropolitan and emerging cities, driven by rising affluence and evolving consumer preferences. The new V-Class, positioned as a high-end multi-purpose vehicle, aims to cater to corporate buyers and ultra-high-net-worth individuals seeking comfort-oriented mobility solutions.