Expansions, layoffs, funding, leadership moves, and policy shifts — with our take on what it means for hiring in India, today and over the next five years.
EIH Limited, which operates The Oberoi Group's hotels, has joined hands with The Bhartiya Group to develop and manage 20 new ultra-premium lifestyle resorts across India. The venture aims to blend the Oberoi brand's signature personalised service with a strong wellness dimension. This marks one of the more ambitious luxury hospitality expansions announced in India in recent years.
State-owned ONGC is moving to take operational control of two oil blocks in Venezuela under the country's revised energy regulations. This follows the company's successful recovery of its stake in Russia's Sakhalin-1 project late last year, which meaningfully boosted group revenues. ONGC is anticipating fresh agreements to be formalised soon as it deepens its international upstream footprint.
Bengaluru-based electric vehicle startup River Mobility has closed a $120 million Series C funding round co-led by Elev8 Venture and Claypond Capital. The company plans to deploy the capital toward scaling up its manufacturing operations and launching new vehicle models. This makes it one of the larger funding rounds in India's EV two-wheeler segment in recent times.
Indian Railways has already deployed over Rs 1.14 lakh crore — roughly 39% of its full-year budget allocation — within the first four months of FY2026-27. The government updated Parliament on the pace of spending, which spans safety upgrades, new infrastructure, and capacity expansion projects across the national rail network. This front-loaded spending signals an aggressive push to accelerate rail development this fiscal year.
Edelweiss Alternatives' Rental Yield Plus fund has acquired a one-million-square-foot office park in Pune, marking the fund's first Maharashtra investment and fifth asset overall. The property is 95% occupied by a mix of high-profile tenants, bringing the fund's total commercial portfolio to 5.2 million square feet. The deal reflects continued institutional confidence in India's premium office space market.
Bengaluru-based electric two-wheeler startup River Mobility has secured $120 million in a Series C funding round, valuing the company's ambitions to significantly grow its manufacturing footprint. The fresh capital is earmarked primarily for expanding production capacity, suggesting a major scale-up of operations within India. This makes River Mobility one of the better-funded domestic EV two-wheeler players in the current funding cycle.
Gracenote has positioned its India technology centre as the nerve centre for its worldwide AI development, including the rollout of a new Model Context Protocol Server designed to improve how entertainment content is discovered. The facility's teams are building AI-powered workflows that transform raw, unstructured data into clean, usable metadata at remarkable speed — cutting processing timelines from days to just minutes. This makes the India centre a strategic, not just a support, arm of Gracenote's global operations.
Essar Energy Transition has secured $400 million in fresh financing from a consortium of European and UK banks, bolstering its financial position for long-term expansion. A key part of the deal involves a substantially enlarged Receivables Purchase Agreement worth $350 million, with existing banking partners ABN AMRO and Natixis increasing their exposure to the company. The capital infusion signals growing international confidence in Essar's energy transition strategy.
American shapewear and lifestyle brand SKIMS is entering the Indian market through a partnership with Reliance Brands, which will handle both physical retail and online operations. The brand's first Indian stores will open in Delhi and Mumbai, marking its entry into one of Asia's most competitive premium fashion markets. This move signals continued international brand confidence in India's growing appetite for global lifestyle labels.
Ola Electric has signed a Memorandum of Understanding with Axis Energy to collaborate on Battery Energy Storage Systems (BESS), marking the company's move beyond two-wheelers into the broader energy storage space. The announcement was met with a sharp rally in Ola Electric's stock, reflecting investor enthusiasm for the strategic pivot. This signals the EV maker's intent to deepen its footprint across India's clean energy value chain.
B2B e-commerce unicorn OfBusiness is preparing to file its draft red herring prospectus for an IPO targeting approximately $800 million in fundraising, with the filing expected by mid-November. The move comes as Indian equity markets show signs of recovery, prompting the company to revive listing plans it had previously put on hold. A successful public offering would unlock significant capital that could fuel the company's next phase of growth.
EID Parry is establishing India's first large-scale automated jaggery manufacturing facility, pairing it with AI-driven farming techniques and water conservation measures. The move targets a global jaggery market valued at nearly $5.8 billion. The initiative signals a major push to industrialise a traditionally artisanal sector by combining heritage knowledge with modern technology.