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"business-news"

  • Tata Trusts rejects Chandrasekaran’s reappointment, calls resolution illegal

    Reports earlier claimed that Tata Sons’ board backed a fresh five-year term for Chandrasekaran and cleared the company’s long-pending listing plan despite Noel Tata voting against the reappointment
  • Coforge chairman resigns amid board evaluation concerns

    Coforge shares fell over 8 per cent after chairman OP Bhatt resigned with immediate effect amid concerns raised by an internal audit over the board evaluation process. The company appointed independent director Vivek Sharma as interim chairman until January 31, 2027
  • Samsung India trims workforce at senior levels, more job cuts likely

    The company plans to let go of another 40-50 staff in the coming weeks as part of a cost-rationalisation exercise amid rising input costs and muted consumer demand, sources said
  • Banking leadership shake-up: HDFC Bank, Ujjivan SFB begin CEO search

    At HDFC Bank, the succession process assumes greater significance after managing director and chief executive Sashidhar Jagdishan opted out of the reappointment process last month
  • Tata Sons AGM adjourned as Tata Trusts fail to nominate representative

    The AGM was expected to discuss the directorship of Tata Sons chairman N Chandrasekaran, who has opted not to seek reappointment when his term ends in February
  • TCS, Google Cloud launch Gemini Experience Center in Mexico City

    TCS and Google Cloud have launched a Gemini Experience Center in Mexico City, their second in Latin America and ninth globally. The facility will use AI agents and industry-specific solutions to help organisations improve innovation, productivity and data-driven decision-making.
  • TCS plans 5 lakh AI agents to match its human workforce

    Chairman N Chandrasekaran says TCS has no plans for layoffs, stressing that AI will create new opportunities even as it transforms the way work is done
  • Noel Tata raises concerns over losses at Tata Sons board meet: Sources

    Chief executives of Air India, Tata Digital and Tata Electronics — key group bets facing mounting losses — made presentations; Chandrasekaran’s reappointment may be discussed on June 12.
  • Dr Reddy’s launches generic Semaglutide injection in Canada

    Dr Reddy's Labortaries becomes one among the first to introduce Semaglutide injection used in type-2 diabetes treatment in the Canadian market. The launch follows their successful launch in India under the brand name Obeda, CEO Erez Israeli said
  • TCS CEO Krithivasan takes home Rs 28 crore as remuneration in FY26; Chandrasekaran waives commission

    The TCS CEO's salary saw a 6.3 per cent increase in FY26, including a Rs 25 core performance bonus while the chairman, N Chandrasekaran, abstained from receiving any commission. TCS reported a Rs 49,210 crore profit for FY26
  • Fuel price rise likely provides Rs 52,700 crore relief to OMCs: Report

    Fuel price hike could cut OMC losses by up to Rs 52, 700 crore, says SBI report. At the same time, depreciation of the rupee by Rs. 2 from FY27 avg. to the dollar could offset gains from the fuel price revision, the report warned
  • India’s jaggery exports value surge over 106 per cent in 10 years

    India now accounts for 70% of global jaggery production as exports reach 450 metric tonnes with govt. initiatives like PMKSY and One District, One product complementing the growth. Major importers include the US, Indonesia, and UAE, govt. states.
  • NHPC Q4 profit grows 68 pc to Rs 1,549 cr

    NHPC profits grow to Rs. 1,549.42 crores in Q4 spotting a 68% growth in profits
  • Skyroot Aerospace becomes India’s first space-tech unicorn, raises $60 million

    Skyroot Aerospace became India’s first space-tech unicorn after raising $60 million led by Sherpalo Ventures and GIC, valuing it at $1.1 billion. The Hyderabad startup is preparing for Vikram-1, India’s first privately built orbital rocket launch
  • CG Power and Industrial Solutions posts 32 percent rise in profit

    The consolidated net profit of CG Power and Industrial Solutions Ltd stood at Rs 362 crore in the March quarter mainly on the back of higher revenues. Sales rose to Rs 3,442 crore during the quarter from Rs 2,753 crore in the same period a year ago.
  • Nara Lokesh lays foundation for Carrier Global’s AC manufacturing facility in Tirupati

    Andhra Pradesh IT Minister, Nara Lokesh laid the foundation stone for Carrier Global's manufacturing facility, expected to generate 3000 jobs in the state.
  • India among top 5 spam-hit countries, says Truecaller report

    India ranks fifth among the world’s most spam-affected countries, with telemarketing and sales calls leading the problem. A Truecaller report shows 68 billion spam calls globally in 2025, with financial services and scams also contributing significantly in India.
  • Government appoints Rohit Jain as RBI Deputy Governor

    Jain is currently Executive Director at the Reserve Bank of India. He replaces T Rabi Sankar, whose extended tenure ended on May 2
  • Editorial: India–New Zealand FTA — a win-win trade agreement

    India–New Zealand is uniquely positioned to generate jobs, deepen capabilities, and evolve from transactional engagement into an enduring and embedded partnership
  • Iran rial crashes to record 1.8 million per dollar  

    Experts say the fall of rial is likely to further fuel inflation, as rising dollar drives up cost of essential imports — from food and medicine to electronics and raw materials
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