"business-news"

Curbs on tax officials’ arrest powers, judicial scrutiny for arrests, and a higher prosecution threshold could make GST 2.0 more taxpayer-friendly and responsive

Bagchi, a veteran of rival ICICI Bank and its subsidiaries since 1992, will succeed Sashidhar Jagdishan, whose six-year stint was marred by allegations of unethical conduct and questionable governance practices

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 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

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

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

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 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.

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

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 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

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 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 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 profits grow to Rs. 1,549.42 crores in Q4 spotting a 68% growth in profits

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

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.

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 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.

Jain is currently Executive Director at the Reserve Bank of India. He replaces T Rabi Sankar, whose extended tenure ended on May 2