Corporate announcements, quarterly results, leadership changes, and major company updates.
Amazon is facing a potential class action lawsuit in the US over charges it greenwashes seafood items sold under the likes of Bumble Bee, StarKist, Chicken of the Sea and 365 by Whole Foods Market. Amazon misled consumers with terms like “sustainable,” “responsibly sourced” and more
Bajaj Finserv has got the board approval to enter into the reinsurance industry through a wholly owned subsidiary, subject to the IRDAI and other regulatory approvals. The deal boosts its insurance books and puts the company in India's growing reinsurance sector.
The Delhi High Court has summoned Blinkit after Zed Entertainment Enterprises Ltd accused it of copyright violation for its promotional video on Instagram. The broadcaster has claimed that Blinkit has utilised its copyrighted material without permission for commercial purposes.
Mahindra & Mahindra has approved the sale of its Truck and Bus Division (MTBD) to listed subsidiary SML Mahindra for INR 525 crore as part of a strategic corporate reorganisation. The deal, expected to completion by Jan. 31, 2027.
The US has prohibited the import of new Chinese-made humanoid robots, robot dogs and power inverters over cybersecurity and national security concerns. The FCC put the goods on its list of prohibited equipment, citing dangers to critical infrastructure, data centers and energy systems.
Restaurant operators in Bengaluru have planned a boycott of Swiggy from August 15, citing that hefty commissions, sharp discounts and unfair deductions are affecting their companies. The associations have asked open pricing, fair contracts, dedicated relationship managers and more.
French labour authority DRIEETS Ile-de-France has penalised Infosys to the tune of €175,000 (approximately INR 2 crore) for non-compliance with French labour rules concerning the maintenance of employee working time records.
Tata Power to start construction of 10 GW solar wafer & ingot manufacturing factory in Odisha in October, eyes commercial ops by January 2028 The project also adds to India’s semiconductor and clean energy ecosystem with the help of governmental incentives.
Health-tech startup Temple, founded by Deepinder Goyal, is looking to raise fresh funding at a $500 million valuation as it gears ready to launch its first AI-powered wearable at a price of 80,000. The forehead-mounted device records advanced physiological data with a patented “entropy”.
Johnson & Johnson has agreed to a $5.5 billion settlement that will address over 76,000 cases claiming that its talc-based products caused ovarian cancer, a major step toward concluding a decade-long court struggle. The deal covers most outstanding claims, with payments starting in 2027.
NVIDIA to spend $1 billion in NAVER to grow South Korea’s AI infrastructure and boost the capacity of the GAK Sejong AI data centre to 200 MW by 2028. The collaboration will leverage NVIDIA’s high-end Blackwell and Vera Rubin GPU platforms.
HCLTech has signed an MoU with Odisha Government and Sarvam for setting up of Global Technology Center and AI Data Center at Odisha Sovereign AI Park in Bhubaneswar. The initiative is projected to produce 5,000 jobs and bolster India’s sovereign AI ecosystem and is likely to be operational by 2028.
The European Union has fined Google €890 million ($1 billion) under the Digital Markets Act (DMA) for allegedly giving preferential treatment to its own services in search results and restricting app developers on the Google Play Store.
Temasek is looking at investing in the Indian Premier League (IPL), a sign of growing global interest in one of the world's most lucrative sporting leagues. Singapore's sovereign wealth fund is joining private equity firms and wealthy investors in chasing Indian Premier League clubs.
JPMorgan Chase is looking to hire 1,000 IT specialists for its India worldwide Capability Centre (GCC) in areas like AI, cloud architecture, cybersecurity and data engineering, even as it cuts jobs in some worldwide operations driven by AI.
AMD is set to invest up to $5 billion in Anthropic, part of a strategic partnership in AI infrastructure. Anthropic will install 2 GW of AMD Instinct MI450 GPUs in AMD Helios rack-scale systems to increase compute capacity for their Claude AI models.
Paras Defence to set up a greenfield OSAT (Outsourced Semiconductor Assembly and Test) facility in Indore-Ujjain corridor of Madhya Pradesh with an investment of INR 6,200 crore through its subsidiary Paras Semiconductors.
Singaporean investment firm Temasek aims to boost its investments in India, choosing AI, healthcare, financial services and consumer firms as its key long-term growth areas.
IKEA India is strengthening its footprint in Delhi-NCR with a new 30,000 sq. ft. city shop at Saket set to open on July 30, as it aims to have 30 stores in India by 2030. The expansion strengthens IKEA’s retail strategy in one of its fast growing markets
Meesho has refuted InGovern’s GST allegations saying the proxy advisory firm’s representation is not a finding of SEBI or tax authorities. The e-commerce company has not received any communication from the authority.
Anant Raj Ltd. has approved demerger of the Data Centre and Cloud Services business of the company into Ashok Cloud Pvt. Ltd. to create a new digital infrastructure company and continue its real estate and infrastructure business.
Wipro Consumer Care & Lighting has purchased Philippines-based S Brands Consumer Care Inc., expanding its presence in Southeast Asia and adding brands such as KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne to its personal care portfolio.
TAFE Motors and Tractors Ltd. (TMTL) today launched the first manufacturing collaboration between TAFE and Germany's DEUTZ AG with the inauguration of a fresh DEUTZ engine production facility at Alwar, Rajasthan.
Accenture has rolled out a new 50:50 compensation structure where 50% of an employee’s authorised salary increase will be added to base pay and the other 50% will be paid as a one-time cash incentive in June.
Trent has also announced plans to expand its retail business strategy in India by opening 100 new stores annually as part of its Westside expansion. The Tata Group store wants to grow into the Northeast and strengthen its presence in key cities.
Uber to buy Delivery Hero in €13.8 billion agreement to dramatically expand worldwide mobility and food delivery company. The acquisition will extend Uber’s footprint in 99 markets, boost its Uber Eats platform
Trump Media & Technology Group has created a paid data feed to provide licensed API access to Truth Social posts, including Trump updates, to Wall Street businesses and institutional clients.
OnePlus is apparently going to leave the US, Europe and India as parent firm Oppo is restructuring its worldwide smartphone business amid declining sales and mounting market challenges. The reports say the brand would cease operations in major international markets.
Amazon has chosen Telangana as the site for its largest data centre investment in India, with a pledge of Rs 60,000 crore to develop a hyperscale data centre in Hyderabad’s Bharat Future City. The project forms part of Amazon Web Services’ greater growth in India.
Big publishers like Hachette, Cengage, Elsevier and author Scott Turow have filed a fresh copyright case against Google, accusing the company of using millions of copyrighted books without authorisation to train its Gemini AI models.
Stripe and Advent International have teamed up to bid more than $53 billion for PayPal, offering $60.50 a share and securing almost $50 billion in committed bank financing to back the bid. The offer comes as PayPal faces slowing growth and rising competition in digital payments.
Aditya Birla Renewables Ltd, a subsidiary of Grasim Industries, has agreed to acquire Shell’s Sprng Energy for $1.8 billion (INR 17,200 crore) in one of the biggest renewable energy acquisitions in India. The deal will bring ABRen’s portfolio to around 5 GWp.
Pune Gas has called on the Centre to develop India’s first LPG Efficiency Policy Framework as energy costs surge and supply chains are disrupted due to the Iran conflict. To boost fuel economy and safety, the business has advised the promotion of 47.5-kg LOT cylinders.
TCS has renewed its two-decade cooperation with ABB with a multi-million, multi-year deal to modernise the company’s worldwide network operations with AI. TCS to provide network-as-a-service capability at the end-to-end level in support of ABB’s Future Network Model plan.
TCS restructures executive team; launches five new business groups to drive AI-led development and deepen client engagement The restructuring will be concentrated on important industries including BFSI, tourism, cybersecurity, energy, ServiceNow and the US West Coast market.
Anthropic is offering free access to their sophisticated AI model, Claude Fable 5, to qualified customers of its premium AI versions Claude Pro, Max, Team, and Enterprise until July 19. The extension also raises developers’ weekly limits for Claude Code by 50%.
Apple has sued OpenAI in federal court in California, claiming the AI company exploited trade secrets to manufacture hardware for its popular chatbot, the New York Times reported. The complaint claims that former Apple executives Tang Tan and Chang Liu took proprietary hardware information.
Cognisant is scaling its frontier engineering team from 5,000 to 10,000 people to speed enterprise AI adoption and respond to growing client demand. The company will deploy AI-ready engineers, hire global frontier-native talent and enhance industry-specific AI implementation capabilities.
EY India launches an AI-powered CPM tool to enable enterprises monitor, assess and manage cyber risk on a real-time basis. The platform leverages AI, cybersecurity and financial risk quantification to deliver a single pane of view, faster threat response and better decision making.
The Delhi HC Division Bench has been asked by Google to review a single-judge order that limited trademark keyword bidding in Google Ads. The lawsuit stemmed from a verdict in favour of Hindware, which ruled that competitors bidding on the “Hindware” brand was an infringement of the Trade Marks Act.
A US federal court has authorised a settlement reached between Elon Musk and the US Securities and Exchange Commission (SEC) for his failure to disclose his Twitter stock purchases in a timely manner, even as the judge expressed “red flags” about the deal.
Meta has added a new privacy feature to its Ray-Ban AI smart glasses that will instantly turn off the camera if the gadget senses interference with the LED privacy indicator. The upgrade is designed to prevent anyone from taking photos and videos secretly.
Apple has pledged $30 billion to Broadcom in a multi-year deal to expand U.S. semiconductor manufacturing, its greatest investment in chipmaking in the country so far. The partnership includes the production of more than 15 billion custom chips in the U.S.
OpenAI is preparing for the general launch of its GPT-5.6 Sol, Terra, and Luna models, opening up access to developers and businesses following a limited initial rollout. The company also announced its new voice models, GPT-Live, which enable more natural interactions in real-time.
Ford Motor has launched its third India Technology and Business Services Centre in Coimbatore, boosting its global capability centre (GCC) network. The new site will include technology, data analytics, finance, credit, treasury and business continuity functions.
Google Cloud intends to expand its AI data centre network in India as enterprise demand for artificial intelligence and cloud services continues to grow, CEO Thomas Kurian said. The firm is looking to bolster its AI infrastructure across the country
Meta Superintelligence Labs has unveiled the release of Meta’s new AI-powered image generating and editing model Muse Image. The tool is embedded in Meta AI and lets users create, modify and transform photos using natural language prompts, complex markup features and real-time online context.
Meta has called for increased kid safety safeguards following a government notification about Instagram ads that purportedly included child sexual abuse material (CSAM). The business said it has deleted offensive adverts, suspended thousands of accounts and upgraded AI-powered detection systems.
MakeMyTrip has introduced OneCircle, a loyalty system with 13,376 hotels, homestays and alternative lodgings in 1,002 places in India and beyond. Travellers can earn reward points worth at least 10% of their accommodation spend for future bookings.
A complaint in the US seeks to fine Meta $1.4 trillion, arguing that Facebook and Instagram were designed to keep young users addicted, while misleading the public about the safety of the platforms. Four states are seeking damages before an August trial.
To capitalise on the increasing demand for high-end food products and enhance order values and margins, Blinkit has introduced its premium grocery offering, ‘Gourmet’ in select pincodes of Bengaluru, Delhi-NCR and Mumbai. The portal offers selected premium products.
Ashok Leyland has teamed with Rosmerta Recycling to enhance the commercial vehicle scrappage ecosystem in India by providing clients access to authorised vehicle scrapping facilities through its nationwide dealer network. The agreement will enable the disposal of end-of-life vehicles.
The use of artificial intelligence technologies by Tesla employees is now limited to $200 per week (about INR 19,000), with management consent needed for any expenditure beyond this. This is a change from the company's previous strategy of encouraging broad use of AI.
India’s Standard Chartered has cut its branch network to 80 from 100 as it shifts focus to advisory-led and wealth management services. The British institution intends to develop its priority banking hubs and enhance its affluent, SME and wealth businesses.
Nagpur Police have booked Rapido founders Rishikesh S R, Pavan Guntupalli and Aravind Sanka for allegedly running petrol-powered bike taxi services without official nod in Maharashtra. The case was registered after a crackdown by the RTO for violations of the Motor Vehicles Act.
Microsoft has announced the formation of Microsoft Frontier Company, a new operational entity supported by a $2.5 billion investment that will assist companies adopt AI solutions suited to their needs. The company will collaborate with big clients including Unilever and Novo Nordisk.
HCLTech has won a $1.14 billion AI-led transformation agreement from a Fortune Global 50 company headquartered in Europe, one of the largest transactions disclosed by an Indian IT services company so far this year.
ITC has launched a premium sugar-free drink under its B Natural brand in India’s cola segment, adding to the competition in the carbonated drinks segment. As consumers look for healthier choices, the company is focusing on the fast-growing segment of drinks with no or minimal sugar.
Google lost its last-ditch appeal against the European Union’s €4.1 billion ($4.7 billion) antitrust penalties, with the European Court of Justice confirming the penalty for anti-competitive actions relating to Android.
Standard Chartered has completed India’s first cross-border payment in a record time of 37 seconds through Swift’s new retail payments service, marking a significant milestone in international remittances. The transaction was completed in near real-time with end-to-end tracking.
ZEE has approved a capital infusion of Rs 3,143.52 crore through preferential sale of fully convertible warrants to promoter group firm Sunbright Mauritius Investments Ltd. The warrants are priced at INR 126 apiece and are convertible into equity shares within 18 months.
The Adani Group and Abu Dhabi’s International Holding Company (IHC) will spend $11.5bn in a new integrated aluminium manufacturing complex in Odisha, which may boost India’s aluminium production capacity by about 50%. The project will involve refining and smelting activities.
Tata Electronics has been hit by a massive data leak that’s revealed crucial information regarding Apple’s future iPhone 18 Pro, including a list of suppliers, component specs and photos of the product. The data allegedly include private documents connecting suppliers to major iPhone parts.
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Explore the top clothing franchises in India in 2026, including investment costs, ROI, and profitability. Discover leading apparel brands like Biba, Raymond, Peter England, Snitch, Zudio, and Van Heusen, and find the best fashion franchise opportunities for every budget.
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Domino’s is one of the most successful pizza brands in India with 1,900+ stores across the country. From franchise cost and profit margins to investment requirements and application steps, this guide covers everything you need to know before opening a Domino’s franchise in India.
India’s largest public sector lender, State Bank of India (SBI), has reported a steady rise in profits for both the full financial year FY26 and the March quarter, reflecting stable loan growth and improving asset quality. However, the bank’s shares saw a sharp decline following the announcement, signalling
Porsche India, a division of Škoda Auto Volkswagen India Private Limited (SAVWIPL), has appointed Ashutosh Dixit as Brand Director, Porsche India, with immediate effect. Throughout a distinguished career across India, China, and Europe, Ashutosh Dixit has held several leadership roles, building deep expertise in strategy, sales operations, and brand development.
Biocon founder and chairperson Kiran Mazumdar Shaw has reportedly chosen her niece, Claire Mazumdar, as her successor to lead India's largest biotechnology company. The succession announcement marks a significant development for the Bengaluru-based pharmaceutical giant, which has been at the forefront of India's biotech revolution for
Kirloskar Pneumatic reported ₹1,786 crore income in FY26 with PBT rising 25% to ₹356 crore. The company announced a record 600% dividend and strong order inflows exceeding ₹2,000 crore.
JioHotstar posted ₹31,048 crore revenue and ₹3,228 crore PBT in FY26, driven by IPL 2026 viewership, 500 million MAUs, and record streaming concurrency, highlighting the rapid rise of digital sports and entertainment in India.
Aspire Impact secures investment from Parinama Group, names Saloni Malhotra as CEO, and brings Dr Ram Sharma on board. The ESG measurement firm hits ₹36 crore valuation with strong growth and global expansion plans.
Infosysthe $20 reported a mixed but resilient performance for FY26, crossing a major revenue milestone and delivering strong profit growth. However, a cautious outlook for FY27 overshadowed the results, triggering a decline in its share price as investors focused on future growth concerns rather than past performance. Infosys Q4 FY26
Enabling structured co-innovation, scalable enterprise delivery, and responsible adoption of agentic AI with Infosys Topaz and Codex Infosys (NSE, BSE, NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced a strategic collaboration with OpenAI to help enterprises transform software development and modernisation with OpenAI’s
The Company announced its financial results for the quarter and year ended March 31, 2026 (standalone and consolidated). In cognisance of the compelling outlook over the medium term, the market opportunities, and the salience of the platform, the Board considered and approved a bonus issue of 1 equity share for
Apple confirms Tim Cook will step down as CEO in September 2026. John Ternus will take over, while Cook becomes Executive Chairman, marking a major leadership shift for the tech giant.
India’s leading investment platform Groww has reported a strong set of earnings for the March quarter of FY26, with both revenue and profit witnessing sharp year-on-year growth. The results highlight the company’s growing scale in India’s retail investing space and its ability to benefit from rising market
Snabbit, India’s first quick-service app for on-demand home services, today announced the appointment of Abhinav Ankur as Chief Business Officer (CBO). A seasoned operator with a strong track record of scaling high-growth businesses, Abhinav will lead Snabbit’s business expansion as the company deepens its position as a category
Cashfree Payments, India’s leading AI-native payments infrastructure and intelligence company, announced the appointment of Sameer Gandhi as its Chief Financial Officer. A growth-oriented leader and finance business partner with over two decades of experience across global financial institutions, Sameer will anchor Cashfree's financial strategy, enhancing the efficiency
Shares of Tata Consultancy Services (TCS) declined around 2% after the company announced its Q4 FY26 results on April 9, 2026. While the company delivered stable margins and strong deal wins, investor sentiment remained cautious due to weak annual revenue growth and ongoing global uncertainty. The results highlight a clear
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Jane Fraser, CEO of Citigroup, is the first woman to lead a major Wall Street bank. Discover her journey, achievements, and leadership impact on global banking.
On April 3, Aditya Kumar, CFO of the publicly traded fintech SaaS business Zaggle, resigned from his position with immediate effect. Kumar stated that he was leaving due to personal matters. He became a part of the organisation in 2022 as VP of finance and was promoted to CFO that
Government advisories on platforms like Meta, Google, and X might become legally compulsory according to India's planned tougher IT regulations. The government notice seeking public opinion outlines the action, which might result in the loss of safe harbour protections if directions issued by the IT ministry are not
ITC shares fell to a 52-week low of around ₹287 in recent sessions amid sustained selling pressure and a broader downtrend. Despite strong fundamentals, shifting investor sentiment and sector rotation have weighed on the stock, with markets closed on Mahavir Jayanti.
Gold and silver prices in India closed on a mixed note on March 30, 2026, with gold witnessing a mild correction while silver remained largely unchanged. The domestic bullion market reflected cautious sentiment amid global uncertainty, slight dollar strength, and intermittent profit-booking. MCX trends indicated limited downside in gold, while
Jubilant FoodWorks, a restaurant franchise, recently told the exchanges that a portion of its store networks is experiencing a limited shortage of liquefied petroleum gas (LPG) cylinders. The brand is facing this limited shortfall due to the war in West Asia and its effects on the market. Dunkin' Doughnuts
Pine Labs, a prominent fintech company, was fined INR 3.1 lakh by the Reserve Bank of India (RBI) for noncompliance with regulations pertaining to PPIs. Officials from the central bank issued a statement saying they discovered Pine Labs broke PPI rules by giving out full-KYC PPIs without doing the
James Quincey (of Coca-Cola) and Doug McMillon (of Walmart) have stepped down, saying it's the right time for new AI leadership.
As it grows its global competence centre in India, European fintech company Revolut aims to employ over 40% of its worldwide staff in the country by the year 2026. With 1,600 positions filled in its India centre through 2026, the company's workforce in the nation will reach
Netflix will charge $1-$2 more per user. Says it’s investing more in video podcasts and live sports events. Fair or unfair?
Infosys has announced twin acquisitions in the US, buying Optimum Healthcare IT for $465 million and Stratus for $95 million. The $560 million deal marks a strategic push into healthcare and insurance technology, strengthening its domain expertise amid growing AI-led disruption in IT services.
HEG and Graphite India shares surged up to 14% despite a weak market after GrafTech International raised electrode prices. The move lifted sentiment in graphite stocks, signalling a possible pricing recovery after prolonged pressure.
A tax demand of INR 384 crore, including interest of INR 100 crore for the Assessment Year (AY) 2023-24, was imposed on Go Digit General Insurance by an Income Tax Order dated March 25, 2026. The majority of the changes are related to challenges that affect the entire sector. These
Rejected deal from last year comes back with $100/hour top pay, $740 million in bonuses across staff, and more. However, the approval is pending at the workers' end.
A 20-year-old Kaley complained that social media ruined her mental health by getting her addicted to it. Parents and commentators were relieved after the landmark win.
The shuttle service in Delhi NCR has been terminated by the ride-hailing company Uber. This action is in continuation of the previous year's shutdowns in places such as Hyderabad and Mumbai. Low ridership and expensive running costs are the factors behind Uber's decision. The company wanted
Zerodha has doubled F&O brokerage fees to ₹40 for select trades from April 1, 2026. The change applies only to certain intraday positions with low margin, affecting traders who do not maintain sufficient collateral.
Plum secures ₹193 Cr Series B led by Peak XV to scale India’s top employee health benefits platform. With 500K+ claims processed, faster reimbursements, and 6,000+ client organisations, Plum is now EBITDA positive and expanding into holistic healthcare services.
Reportedly, an Amazon facility in Bahrain was struck by an Iranian drone on 24 March, causing disruptions to Amazon Web Services in the area. In the continuing US-Iran confrontation, Amazon was bombed twice. The UAE was the site of an attack on an Amazon data centre on March 1. So
Troubles persist as Robin Liu's resignation hits the news, and here's what it could mean to the customers in India.
Harley-Davidson has started reducing its worldwide workforce through layoffs. Following the announcement of a precipitous drop in profits, the company made this daring move. Thus, indicating a more comprehensive rethinking of its commercial approach. On March 23, the corporation announced the layoffs, saying that they had informed some workers of