StartupFox

Ford Business Solutions, the American automaker's global capability centre in India, plans to hire around 500 people in 2027, with most of the recruitment weighted towards technology, data, artificial intelligence and connected-vehicle work. The plan surfaced on 29 August 2026. Ford has not issued a separate public statement setting out the figure.

The centre employs more than 12,000 people in India, making the country Ford's second-largest employment base globally after Dearborn. Ford Business Solutions was set up in Chennai in 1998 and now spans software engineering, analytics, data science, AI and machine learning, product engineering and fintech, alongside accounting, digital marketing, manufacturing engineering and supply chain functions.

Tim Cook hands over as Apple's chief executive on Monday, taking the role of executive chairman while John Ternus moves into the corner office. He leaves behind an India that assembles roughly one in four iPhones sold worldwide — a position that did not exist when he first visited in 2016.

Purple Style Labs, the parent company of luxury fashion platform Pernia's Pop-Up Shop, has raised nearly ₹306 crore from anchor investors ahead of its initial public offering. The company disclosed the anchor allotment on 29 August 2026, two days before its IPO opens.

The company allotted 53.21 lakh equity shares to 10 anchor investors at ₹575 each, the upper end of its IPO price band. ICICI Prudential Mutual Fund was the largest, taking shares worth nearly ₹88 crore, followed by Jupiter India Fund at ₹75 crore and Aditya Birla Sun Life Insurance at nearly ₹68 crore. ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies, Morgan Stanley Asia and BofA Securities Europe also participated.

SoftBank sold another slice of Lenskart last week, offloading 4.5 crore shares across 22 tranches on the BSE for ₹2,887.87 crore. The sale, made through its affiliate SVF II Lightbulb (Cayman), amounted to 2.58 percent of the eyewear retailer and brought SoftBank's holding down to 7.28 percent from 9.86 percent.

YOGa Clean Air has raised ₹20 crore in a Series A round led by Info Edge Ventures, with Deepinder Goyal, founder of Zomato's parent Eternal, and Three Words Capital taking part. The round mixes primary and secondary capital, and it is the first institutional money the Gurugram company has taken.

The capital is earmarked for deeper coverage in the cities YOGa already operates in, entry into more Tier-1 and Tier-2 markets, and an extension of its systems into public transport and other outdoor environments. The company has not said which transport operators or vehicle types it will start with.

Sashidhar Jagdishan will step down as managing director and chief executive of HDFC Bank on 26 October, ending months of speculation over the leadership of India's largest private-sector lender.