Corporate announcements, quarterly results, leadership changes, and major company updates.
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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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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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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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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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