Tata Communications plans to invest ₹4,350 Cr to build 10,000 km of AI-ready connectivity infrastructure across India by FY36. The network will support data centres and AI workloads.
Summary by TT-Media from “Tata Communications To Pour Up To $450 Mn To Build AI Connectivity Infrastructure” (Inc42 — Startup and funding news, Trade press). For the full text, official notices and exact figures, read the original.
SoftBank has sold 1.2% of its stake in Ola Electric, reducing its holding to 11.7%. It also sold 25.9% of its rights entitlements in Ola Electric’s ₹1,000 crore rights issue.
Why it matters
Watch Ola Electric’s financial health; textile MSMEs should monitor EV sector trends for supply chain opportunities.
Bengaluru-based QwikBuild has secured $2.3 million in pre-seed funding led by Globalway. The startup builds AI-driven enterprise software to reduce development and deployment time. It also announced a joint venture to enter Japan’s market.
Why it matters
Textile MSMEs adopting digital tools should watch for AI-driven workflow automation solutions that could streamline operations.
IndiaMART reported a 9.8% YoY increase in net profit to ₹90.7 Cr for Q2 FY27, with revenue up 10% to ₹428.6 Cr. EBITDA margin improved by 300 bps to 40%, despite a sequential profit decline. Paying suppliers grew to 2.2 Lakh.
Why it matters
Textile MSMEs using IndiaMART should track platform trust and AI tools for better engagement and supplier monetisation.
BSE SME-listed fintech SaaS firm Veefin Solutions reported a 127% rise in net profit to ₹24.9 Cr in H1 FY27, with revenue more than doubling to ₹238.8 Cr. The company’s supply chain finance pipeline stands at ₹920 Cr.
Why it matters
Textile MSMEs should watch Veefin’s SCF solutions for potential financing options, especially for supply chain needs.
Verified suppliers and buyers, GST invoices on every order, payment before dispatch.
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