Mumbai enters IWG 2026 Work From Anywhere Index; leads among Indian cities
Mumbai became the only Indian city featured in the 2026 International Workplace Group (IWG) Work From Anywhere Index. With a score of 77, Mumbai ranked 50th globally, ahead of cities such as London and Miami in the fourth edition of the index released on 25 August 2026. The ranking assesses climate, broadband, accommodation, transport, food, culture and flexible workspace availability. Mumbai scored highly on transport affordability and flexible workspace availability, reflecting India’s growing remote-work infrastructure and the city’s evolving business ecosystem. The index highlights India’s rising appeal for work-from-anywhere arrangements.
Global rank: 50th; Mumbai is the only Indian city.
Score: 77/100; edition: 4th (2026).
Key strengths: transport affordability, flexible workspaces.
Context: reflects growth of India’s remote-work infrastructure.
Indian startup funding week (17-22 Aug 2026) shows strong VC activity
During 17-22 August 2026, Indian startups saw robust venture capital activity, with 21 deals totaling around $198 million. Navi raised $100 million in a Series C led by Prosus, while CtrlS raised about ₹250 crore to expand its data center business. Other notable moves included acquisitions such as Fleetx.ai acquiring Pando.ai. The week reflects persistent investor confidence in fintech, AI and enterprise technology, despite broader market volatility, and indicates a wave of late‑stage funding that could influence the calendar quarter’s funding trajectory.
Total deals: 21; total value around $198 million.
Navi raised $100 million from Prosus.
CtrlS secured ₹250 crore for data centers.
Fleetx.ai acquired Pando.ai; continued consolidation.
TCS to acquire MHP Management- und IT-Beratung GmbH from Porsche for €320 million
Tata Consultancy Services (TCS) announced on 24 August 2026 that it would acquire MHP Management- und IT-Beratung GmbH, Porsche AG’s management and IT consulting subsidiary, for about €320 million. The acquisition aims to strengthen collaboration in artificial intelligence transformation, next-generation manufacturing, and software‑defined mobility. As part of the partnership, TCS will establish an AI Mobility Centre of Excellence for Porsche to accelerate innovation in its automotive business. The deal is subject to customary regulatory approvals and integration planning. This transaction signals TCS’s ongoing move up the value chain in automotive software and AI-enabled services, complementing Porsche’s engineering strengths.
Deal value: about €320 million.
Aims to boost AI transformation and software‑defined mobility.
TCS to create an AI Mobility Centre of Excellence for Porsche.
Subject to regulatory approvals and integration planning.
Aug 21, 2026
Chhattisgarh becomes India’s first inland state to export value-added tilapia products
Chhattisgarh has become the first inland Indian state to start exporting value-added tilapia products, marking a milestone for the sector. The August 2026 development saw the state ship 382 tonnes of tilapia products to the United States, underscoring growing capacity in inland fisheries. The move aims to promote aquaculture, raise farmers’ incomes, and create new export opportunities for smallholders. Officials say the program will integrate processing, value addition, and quality controls to meet international standards, boosting market access for farm families. Analysts view the export push as part of broader policy efforts to expand seafood production and diversify rural livelihoods in central India.
Chhattisgarh exports 382 tonnes of tilapia products to the United States in August 2026.
First inland state in India to begin value-added tilapia exports.
Aims to promote aquaculture and increase farmers’ incomes.
Processing, value addition, and quality controls are emphasized.
Part of broader efforts to expand inland fisheries and rural livelihoods in central India.
Aug 19, 2026
POWERGRID Receives PMIS Recognition Award
Power Grid Corporation of India Limited (POWERGRID) received the PMIS Recognition of Partner Company Award under the category 'Innovation in Exit Pathways.' The award recognised POWERGRID’s contribution to creating employment opportunities and career pathways for interns under the Prime Minister Internship Scheme. POWERGRID is a Maharatna PSU under the Ministry of Power. The recognition highlights the company’s commitment to nurturing talent and building a skilled workforce for the electricity transmission sector, aligning with national priorities for workforce development and inclusive growth.
POWERGRID received PMIS Recognition Award
Category: Innovation in Exit Pathways
Award honours internship program contributions
POWERGRID is a Maharatna PSU under Power Ministry
Supports national goals for skilled workforce development
Aug 18, 2026
BSE signs MoU with PHDCCI for MSME growth
BSE Ltd signed a Memorandum of Understanding with the PHD Chamber of Commerce and Industry to promote equity financing and improve capital-market access for micro, small and medium enterprises. The collaboration aims to expand listing opportunities, enhance investor awareness, and streamline placement of MSME securities on domestic markets. Executives said the MoU would help small businesses raise funds for growth, technology adoption, and job creation, while enabling better price discovery and governance practices. The partnership aligns with government efforts to bolster entrepreneurship and ease of doing business. It also anticipates stronger participation from MSMEs in capital markets and greater financial inclusion.
MoU with PHDCCI aims to boost MSME access to equity financing.
Targets expanded listing opportunities and investor awareness.
Supports growth, technology adoption, and jobs for MSMEs.
Aims for better price discovery and governance in MSME markets.
Aug 17, 2026
ONGC Videsh Receives US Clearance for Venezuela Operations
India’s state-owned ONGC, through its overseas arm ONGC Videsh, received United States sanctions clearance enabling broader operations of its Venezuelan oil and gas assets. The approval reduces restrictions tied to sanctions-related risks, allowing more flexible management of projects. ONGC Videsh holds a 40 percent stake in the San Cristobal field and interests in the Carabobo-1 project in Venezuela. The company seeks a larger operational role under Venezuela’s revised petroleum framework. The clearance supports India’s energy diversification strategy and OGV’s aim to secure stable energy resources through international partnerships.
Agency: ONGC Videsh; parent: ONGC (India)
Sanctions clearance: US granted broader operational latitude
Assets: San Cristobal (40% stake), Carabobo-1
Strategic aim: larger role in Venezuela’s petroleum sector
Context: energy diversification and international partnerships
8th Tranche of Critical Mineral Auctions Roadshow in Patna
The Mines Ministry organized a roadshow in Patna, Bihar, on 17 August 2026 for the eighth tranche of critical and strategic mineral block auctions. The event included a workshop on the National Mineral Exploration and Development Trust (NMEDT). The eighth tranche covers 20 blocks across nine states, aiming to attract investment, increase exploration and raise domestic availability of strategically important minerals. The initiative supports industrial growth, energy transition, and supply chain resilience by expanding access to minerals necessary for modern technologies and manufacturing.
Roadshow date: 17 August 2026, Patna
Purpose: eighth tranche of critical mineral auctions
Blocks: 20 across nine states
Auxiliary activity: workshop on NMEDT
Outcomes: boost investment, exploration, domestic mineral supply
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