Top 5 Kolkata Business News of the Week
The bustling city of Kolkata is home to a plethora of businesses, ranging from startups to established conglomerates. As a hub for trade and commerce, Kolkata sees a flurry of business-related activity every week.
Here are the top five Kolkata business news stories from the past week:
1. Wipro acquires Kolkata-based Ampion
Wipro, one of India’s largest information technology companies, announced its acquisition of Ampion, a Kolkata-based engineering services company. The acquisition will expand Wipro’s capabilities in areas such as aerospace, defence, healthcare, and automotive engineering. According to Wipro’s Chief Executive Officer, Thierry Delaporte, the acquisition will strengthen the company’s position as a trusted partner for global engineering and R&D services.
2. Kolkata-based Wow! Momo raises Rs. 130 crore in funding
Wow! Momo, a Kolkata-based fast-food chain, has raised Rs. 130 crore ($17.3 million) in funding from investors led by Tree Line Asia and US-based private equity firm Sixth Sense Ventures. Wow! Momo, which serves momos, a popular street food in India, plans to use the funding to expand its footprint across India and internationally.
3. Kolkata-based ReNew Power to acquire Regent Power
ReNew Power, a renewable energy company headquartered in Gurugram, has announced its acquisition of Regent Power, a Kolkata-based renewable energy company. The acquisition will boost ReNew Power’s portfolio in the renewable energy sector, with a combined installed capacity of more than 800 MW. The acquisition also marks ReNew Power’s entry into West Bengal’s growing renewable energy market.
4. Kolkata Port Trust signs MoU with Birla Tyres
The Kolkata Port Trust has signed a Memorandum of Understanding (MoU) with Birla Tyres for handling the company’s exports. Kolkata Port Trust will provide Birla Tyres with dedicated facilities for handling and storage of its products. The MoU will enable Birla Tyres to enhance its export competitiveness and contribute to the growth of Kolkata Port Trust’s cargo handling operations.
5. Kolkata airport introduces facial recognition technology
Kolkata’s Netaji Subhash Chandra Bose International Airport has introduced facial recognition technology for domestic passengers. The technology, developed by Vision-Box, a Portuguese biometric solutions provider, aims to provide a seamless and contactless travel experience to passengers. The introduction of facial recognition technology is part of the airport’s efforts to enhance passenger safety and convenience.
In conclusion, Kolkata’s business landscape continues to be dynamic and diverse, with new developments and trends emerging every week. The above stories highlight the city’s growing significance as a hub for businesses looking to expand and enter new markets.
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