Corporate announcements, quarterly results, leadership changes, and major company updates.
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
Gold and silver prices in India on 24 March 2026 reflected a mixed trend at market close, with gold extending its recent decline while silver registered a modest uptick. The ongoing global uncertainty, shifting interest rate expectations, and currency movements continue to influence bullion markets. Despite geopolitical tensions, including concerns
This year, OpenAI intends to increase its workforce by approximately 80% in order to better compete for enterprise customers. Positioned to benefit from the ever-changing artificial intelligence sector, this move will solidify OpenAI's position. By the end of 2026, the company's goal is to have increased
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In this insightful conversation, Clelia Cecilia Angelon shares how Surya Brasil integrates purpose, sustainability, and Ayurveda to build a conscious global beauty brand. From ethical sourcing to long-term impact, she explains why values-driven growth creates lasting trust and success.
India’s food delivery market is seeing another round of price increases. Days after Zomato raised its platform fee, Swiggy has now followed suit, increasing the charge customers pay per order. The move reflects a broader trend in the industry as companies look to improve margins amid rising costs. Swiggy
Mining and metals major Vedanta Ltd has announced its third interim dividend of ₹11 per share for the financial year 2025–26, offering another round of returns to shareholders. The announcement came after a board meeting held on 23 March 2026, and is part of the company’s ongoing strategy
Indian workers of Accenture Plc have been informed that they will be subject to disciplinary action if they show up to work without reserving a seat in advance. Therefore, it appears that the company's office spaces are at capacity. The return-to-office team at Accenture requested that workers reserve
Apollo says ‘no’ to 11.2% withdrawal demand from investors, citing a need to protect long-term investors.
Tim Cook has no plans to retire anytime soon, but Apple's search for the next is on. John Ternus, Vice President of Hardware Engineering at Apple Inc., is "well-liked" and a perfect fit for the role, insiders say.
Nearly 20,000 workers at Flipkart would receive a 105% bonus in 2025, according to the company's announcement. The company's excellent financial and operational performance throughout the year is evident in this move. The company's success across key criteria is the basis for the
Google Firebase Studio will be decommissioned by March 22, 2027, according to the company. The move is a component of a larger strategy to improve its environment for artificial intelligence developers. Antigravity and Google AI Studio are two examples of more modern platforms that are getting attention in this paradigm
New demonstrations have broken out as a result of a long-running disagreement about employment suspensions at Samsung India. On March 22, more than 27 employees and their families were arrested in Chennai. The workers' goal was to reach the State Secretariat via Sriperumbudur. In the Kancheepuram area, where the
The Fund aims to offer a disciplined core equity solution for long-term investors Jio BlackRock Asset Management Private Limited (“JioBlackRock Asset Management”), a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock Inc [NYSE: BLK], today announced the launch of the JioBlackRock Large Cap Fund, powered by
Bharti family office’s hospitality and dining arm has announced the appointment of Rohan Pewekar as the Chief Executive Officer. In this role, Rohan will drive the strategic direction and operations of the group’s restaurant business, which includes internationally acclaimed brands such as PizzaExpress, Chili’s, P.F. Chang’
According to the company, NBF Tata Capital received a reassessment order from tax authorities, which raised a demand of INR 413.18 crore for the 2017–18 fiscal year. The order was uploaded on March 20, 2026, and it was issued by the Mumbai Deputy Commissioner of Income Tax under
Ola Electric Mobility Ltd is shifting funds that were supposed to go into innovation into paying off debt. Consequently, the electric-vehicle producer is under increasing pressure due to weakening sales and stalled financing efforts. The plan for using the INR 5,500 crore that the Bengaluru-based company raised in its
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From Alibaba’s first programmer to CEO, Eddie Wu is quietly driving the company’s AI-first transformation, focusing on innovation, sustainability, and long-term growth.
Sriram Venkataraman, Flipkart's Group Chief Financial Officer (CFO), will be stepping down from his position on 19 March. The executive will stay on for a transition period to make sure everything stays the same. During this time, Flipkart's CFO Ravi Iyer will be in charge of
Delhivery has appointed Ms. Neelam Dhawan as a Non-Executive Independent Director, effective March 20, 2026. Ms. Dhawan will also be designated as the Chairperson of the Board of Directors, effective April 1, 2026. She succeeds Mr. Deepak Kapoor, who is stepping down from the Board of Delhivery after a tenure
India’s casino and gaming company, Delta Corp, has come under regulatory pressure after receiving a massive tax demand notice of ₹1,752 crore from the government. The development has triggered concerns among investors and led to a sharp reaction in the company’s stock price. Government Issues ₹1,752
The ICICI Prudential Life Insurance joint venture between Prudential and ICICI Bank is looking to be wound down. The listed insurer is majority-owned by ICICI Bank (50.95% stake) and has a 21.93% stake from Prudential Corporation Holdings Ltd, an indirect wholly owned subsidiary of Prudential Plc of the
India Post rolls out 24‑hour and 48‑hour speed post services in six cities, ensuring fast, tracked deliveries for documents and parcels. The next phase by September 2026 will expand the service, aiming for nationwide coverage by 2027.
HDFC Bank shares fell sharply after Chairman Atanu Chakraborty resigned abruptly. The RBI confirmed no governance concerns, and Keki Mistry was appointed interim chairman, reassuring investors amid sudden leadership changes.
There is still no indication that Anthropic and the US government can mend their strained relationship. A top US defence official has revealed that the Pentagon is currently engaged in the process of developing alternative technologies to those of the Anthropic. The Trump administration had already deemed the AI firm
Shares of The Trade Desk dropped over 9% after Publicis Groupe halted recommendations citing audit concerns on fees and transparency, sparking industry debate and raising investor worries about growth and partnerships.
The illustrious Hard Rock Café's parent company, Hard Rock International, announced the termination of its partnership with JSM Corporation, an Indian franchisee, on March 16th. Consequently, ending business as usual at all locations. Sanjay Mahtani and Jay Singh's JSM Corporation brought the brand, which is widely
During fiscal 2026, Dell cut around 10%, or 11,000 jobs, from its worldwide workforce. This cut shows that the IT firm has been cutting back on hiring and reorganising, all the while increasing spending on AI infrastructure. According to the most recent annual report, the company's workforce
Accenture has acquired UK AI firm Faculty, integrating its 400+ experts and naming co-founder Marc Warner as CTO, boosting Accenture’s AI capabilities and accelerating safe, large-scale adoption of AI for clients globally.
Air India has begun corrective actions, including the imposition of sanctions on the accountable workers. The step is taken after discovering widespread irregularities in the implementation of its staff vacation travel programme, which affected more than four thousand personnel. In January 2022, the Tata Group bought the financially troubled Air
Air India has identified misuse of its staff leisure travel policy after an internal audit, placing around 4,000 employees under review. The airline has begun issuing notices and tightening rules around employee travel bookings as part of corrective action.
IDBI Bank shares plunged over 13% to around ₹79 after reports said the Indian government may scrap the proposed majority stake sale due to lower-than-expected bids. The development has raised uncertainty around the bank’s long-planned privatisation process.
The continuing violence in West Asia has caused a shortage of LPG supplies, which has started to interfere with operations at important IT campuses in India. Consequently, businesses are cutting back on cafeteria services and requesting that workers bring their own food to work. Canteen vendors are facing a reduced
According to the company's chief technology officer, the shipping giant FedEx is aggressively deploying AI bots company-wide in an effort to incorporate the technology into its logistics network. In preparation for the next technological tsunami to hit corporate America, FedEx is assembling a vast army of AI agents
The Central Bureau of Investigation has questioned Jai Anmol Ambani, son of Anil Ambani, in a ₹228-crore bank fraud probe linked to Reliance Home Finance Limited. The agency is examining alleged loan irregularities and diversion of funds.
The National Stock Exchange of India has taken a major step towards its long-awaited public listing by appointing 20 merchant bankers and eight legal firms to manage its upcoming IPO. The exchange is moving ahead with listing preparations, with the public issue expected to launch in 2026.
More than a thousand engineering graduates from Tech Mahindra's 2025 class have had their onboarding delays extended. This action is indicative of a more widespread trend of reduced hiring activity in India's IT services sector as businesses strive to safeguard their profit margins. The IT services
Shantanu Narayen, who has been the CEO of Adobe Inc. for 18 years, has decided to stand down. Consequently, signalling a significant change in leadership at the innovative software juggernaut as it faces increased competition in the age of artificial intelligence. Narayen will continue in his position until a replacement
Visakhapatnam will be home to a new information technology development centre and a Global Capability Centre (GCC) thanks to an invitation from the government of Andhra Pradesh to the international consultancy firm Capgemini. Government officials have estimated that this action might create 20,000 new jobs in the area. Andhra
The Mohali Development Centre (DC) of IT giant Infosys has been enlarged with the opening of a new 350,000-square-foot integrated development campus, as announced on 12 March. According to the company's statement, the new facility can accommodate around 3,000 employees. A number of dignitaries, including Sanjeev
On 12–13 March, HCLTech gave its Chennai office workers the opportunity to work remotely due to a cooking gas shortage that affected cafeteria operations. Because of the continuing shortage of LPG, a number of cafeteria vendors had to close their doors. As a result, the business decided to let
In response to the recent tightening of government regulations on the use of LPG in various industries, the IT services giant Infosys has sent an advisory to all of its employees at its Pune, Bengaluru, and Chennai campuses. Corporate campuses in India are starting to feel the effects of the
US President, Donald Trump announced plans for a new Texas oil refinery backed by India’s Reliance Industries, calling it a $300 billion deal. The project at the Port of Brownsville could process 168,000 barrels of shale oil daily and boost US fuel exports.
Robotics engineer Caitlin Kalinowski of OpenAI resigns over the company's handling of its artificial intelligence collaboration with the United States Department of Defence. This action has exacerbated the dispute regarding the role of commercial AI in national security. Caitlin Kalinowski announced her resignation "on principle" after
The digital retail giant Flipkart, which is owned by Walmart, has finally finished transferring its holding company domicile from Singapore to India. In preparation for a possible domestic public offering, it is a critical structural step for the company. A representative from Flipkart said that the company's internal
According to a recent filing by the company, e-commerce startup Meesho intends to challenge an income tax demand notice totalling around INR 1,500 crore, including interest. On March 6, Meesho was notified for the evaluation year 2023-24. According to the document, a tax demand totalling INR 1,500 crore,
Intercity bus ticketing services in India have been launched by ride-hailing firm Uber in partnership with ixigo's bus business AbhiBus. This marks the first international market for intercity travel provided by Uber. Users of Uber will be able to find and compare bus choices with AbhiBus' end-to-end
Sundar Pichai, CEO of Alphabet, may get $692 million in salary over the next three years if a new incentive plan is approved by the board of directors. Following the implementation of the new plan, Pichai will join the ranks of the world's highest-paid business executives. Reflecting Alphabet&
A senior leader at OpenAI has stepped down after raising concerns about the company’s recent partnership with the United States Department of Defense. Caitlin Kalinowski, who led OpenAI’s robotics and consumer hardware division, announced her resignation in early March 2026, saying the decision was based on ethical principles
Gold and silver prices in India are trading slightly lower today, with mild profit-booking after recent spikes driven by safe-haven demand amid heightened Middle East tensions involving the US, Israel and Iran. Domestic gold remains near record levels, while silver is consolidating after sharp volatility, keeping investor sentiment cautious but
Gold and silver in India ended the trading day on 6 March 2026 with mixed movements, reflecting a balance between safe-haven demand and profit-booking across major cities. Gold witnessed marginal gains in Delhi and Chennai, while prices softened slightly in Mumbai and Bengaluru. Silver remained largely stable, tracking subdued industrial
Garden Reach Shipbuilders (GRSE) shares surged nearly 5% today after signing a key MoU with Kalyani Strategic Systems Ltd, a Bharat Forge arm. The deal eyes joint work on home-grown naval tech like propulsion systems and unmanned vessels, supporting GRSE's target of Rs 50,000 crore order book
Sterling Hospitals, in partnership with the Rotary Club, recently organised a large-scale Cancer Awareness Walkathon in Ahmedabad to encourage early detection and promote awareness about timely cancer treatment. The initiative saw participation from nearly 500 people, including healthcare professionals, Rotary members, cancer survivors and residents who came together to spread
Gold and silver prices in India closed lower on 5 March 2026, with bullion markets witnessing mild profit-booking after recent gains. By the end of the trading session, gold prices slipped across major cities, while silver remained largely stable but near recent highs. The soft closing trend reflected global bullion
In 2025, Apple Inc. reached a market revenue of over INR 3 trillion thanks to the iPhones made by two important vendors, Tata Electronics and Foxconn (Hon Hai Technology Group). That puts Apple in second place, only behind Tata Motors Passenger Vehicles (TMPVL), the biggest listed manufacturing company in the
Nasscom, the industry authority for IT services, has recommended that its member companies facilitate work-from-home arrangements for their employees in the region. West Asia is experiencing one of its most severe geopolitical crises in decades, prompting the corporation to take this decision, according to the IT industry association. The situation
Apple has launched the iPhone 17e, its latest budget-friendly iPhone that combines high-end features with an affordable price. Designed for users who want premium performance without paying top-tier costs, the iPhone 17e brings the A19 chip, 48MP camera, and MagSafe support to a wider audience. With pricing starting at $599
Ericsson, a Swedish producer of telecom network equipment, and Vodafone Idea, the third-largest carrier in India, have strengthened their collaboration. Together, the two will update the carrier's postpaid offerings and strengthen the telco's future networks. On 2 March, the businesses announced that Ericsson will launch cloud-native
Anthropic’s artificial intelligence platform Claude has suffered its second major outage in under 24 hours, disrupting service across multiple regions and affecting customers from casual users to developers. The repeated downtime has raised fresh concerns about the reliability and performance of one of the fastest‑growing AI assistants in
The Amazon Web Services Availability Zone (AWS) data centre in the UAE was momentarily rendered powerless following an incident involving objects that struck the facility. While the United States, Israel, and Iran are in the midst of an open conflict, the incident allegedly set off sparks and a fire at
Saudi Arabia has temporarily shut operations at its key Ras Tanura oil refinery following a drone attack targeting the facility, marking one of the most significant disruptions to global energy infrastructure in recent months. The incident has drawn sharp attention from energy markets, governments and businesses worldwide due to the
Proximus, a Belgian company, plans to implement an AI-driven efficiency program that includes the elimination of 1,200 positions by 2030. In addition to halving its dividend, this action has alarmed investors, causing a precipitous decline in the stock price. Reducing staff-related expenses is the primary goal of the wider
Amazon India has reduced fees for millions of merchants in an effort to boost its growth. In 2025, the e-commerce company covered 12 million products without referral fees. This year, they increased the coverage to over 125 million products priced under INR1,000 across more than 1,800 categories, a
Bharti Airtel will implement its AI-powered spam protection tool on text messages, including those that contain web links, that are transmitted through Google's messaging platform. In order to safeguard its clients from any online fraud, this measure is implemented. According to Airtel, this is all a part of
Ola Electric introduced its 'Ola Insiders' community initiative on March 1st, catering exclusively to its 10 million riders nationwide. Vehicle upgrades, add-ons, and referrals are just a few of the perks that community members can achieve through the campaign. A statement from Ola Electric stated that consumers can
Prime Minister Narendra Modi is likely to launch the Micron Technology plant in Sanand today. This new facility is intended to commercially place India on the world semiconductor map. The memory solutions company, with headquarters in Boise (Idaho), is believed to produce 10% of its total output while operating at
In the next years, the Indian government anticipates that Apple Inc. will manufacture 30% of its iPhones worldwide in India. In light of the US Supreme Court's decision, the government does not anticipate any changes to Apple's expansion plans. The 10% fentanyl tax that was levied
Hundreds of Burger King locations in the United States will soon be equipped with headsets that use an OpenAI chatbot. As the business puts it, this is a necessary step in gaining insight into "overall service patterns" for management. Part of a larger artificial intelligence platform meant to