India's EV Cell Makers See First Real Shot at Closing China Price Gap
India’s lithium‑ion cell manufacturers are intensifying talks with the Union government to secure raw‑material incentives and develop a domestic supplier ecosystem. A projected 9% rise in Chinese cell prices, driven by expiring tax exemptions, creates a window to narrow the existing 20‑30% price gap. Imports of EV cells reached $4.6 billion in FY 26, with more than two‑thirds sourced from China. Executives see these policy levers as the first real chance to close the cost differential.
As Smartwatch Fears Fade, Ethos Expands Deeper Into Luxury Watches
Ethos Ltd, the Indian premium watch retailer, says the smartwatch threat is receding as analogue and mechanical watches regain appeal as style‑driven purchases. The company has just crossed the 100‑store milestone and plans to double its footprint within three to...
Legal Fight Could Delay a Proposed $7B Settlement for Lawsuits in Roundup Cancer Claims
Bayer's proposed $7.25 billion settlement to resolve thousands of Roundup cancer lawsuits is under threat after a plaintiff attorney filed a motion to move the case to federal court. The shift could disrupt the June 4 opt‑out deadline and delay the July 9...
KG-D6 Row: Niko Tells SC ONGC Didn’t Develop Fields, Rejects Gas Theft Claim
Canada’s Niko Resources told India’s Supreme Court that state‑run ONGC failed to develop its adjacent gas fields, prompting natural gas migration into the KG‑D6 block operated by Reliance’s consortium. Niko argues the Directorate General of Hydrocarbons had the reservoir data...
E-Commerce Giant Flipkart Partners with India Post to Boost Last-Mile Parcel Delivery Service: Details
Flipkart announced a partnership with India’s Department of Posts to use its extensive last‑mile network for parcel delivery across urban, semi‑urban and rural areas. The deal promises faster, OTP‑verified deliveries, real‑time tracking and broader coverage of remote regions. Walmart’s CEO...
LTM Buys Randstad's Europe, Australia Units in First Acquisition Since Merger
LTM Ltd announced the purchase of Randstad’s technology and consulting businesses in Europe and Australia for $186 million. The assets generate roughly $500 million in annual revenue, pushing LTM’s total revenue to about $5.2 billion and nearly doubling its incremental growth from the...
AI Firm C5i Revives IPO Plans, Eyes ₹1,200 Crore Raise Amid Sector Momentum
AI analytics firm C5i, formerly Course5 Intelligence, has revived its IPO plans, targeting a raise of ₹1,000‑1,200 crore ($120‑$144 million) within the next 12‑18 months. Backed by 360 One, the company is re‑engaging investment banks such as ICICI Securities after shelving a...
Air India CEO Says Successor Will Have Hands Full
Air India chief Campbell Wilson announced he will step down in a few months, warning that his successor will inherit a turbulent environment. The carrier is contending with a Pakistan airspace ban, flight disruptions from the Iran war, and a...
Marriott Bets on Outbound Indian Travel Surge, Rewires Loyalty Into Experiences
Marriott International is betting on a surge of outbound Indian travelers, especially younger, affluent tourists heading to Southeast and East Asia. The hotel chain is overhauling its Marriott Bonvoy program to prioritize experiential rewards such as upgrades, local tours, and...
Navi Mumbai Airport Can Hike Passenger Fees by 6% From Next April, Regulator Says
India’s newest greenfield hub, Navi Mumbai International Airport (NMIAL), built at a cost of roughly ₹19,650 crore (≈$2.4 billion), has been cleared by the Airports Economic Regulatory Authority to raise domestic user development fees (UDF) by 6 % starting 1 April 2027. The increase lifts departure...
Aditya Birla Fashion Doubles Down on TMRW, Chases Scale over Profits
Aditya Birla Fashion and Retail Ltd (ABFRL) is ramping up investment in TMRW, its digital‑first collection of lifestyle brands, to prioritize scale over short‑term profit. The plan emphasizes offline store expansion, AI‑driven operations, and quick‑commerce capabilities despite TMRW’s current losses....
PE Firm Advent Invests $150 Million for Minority Stake in Iscon Balaji Foods
Global private‑equity firm Advent International is injecting $150 million for a minority stake in Iscon Balaji Foods (IBF), one of India’s largest frozen‑potato processors. The funding is part of a $215 million round that also includes 360 ONE’s $70 million participation. Advent’s capital will finance capacity...
Bharti-Backed Gourmet Investments Brings Olive Garden to India, Bets on Premium Casual Dining Expansion
Bharti Family Office‑backed Gourmet Investments Hospitality Group (GIHG) is launching Olive Garden in India, classifying it as a premium casual dining concept. The group plans to open 100‑125 outlets across the country within three years, adding other international brands to...
Meta 20 May Layoff: As ‘Doomsday’ Nears, Anxious Employees Stock up on Free Snacks, Chargers; Apply to Jobs Preemptively
Meta announced its first wave of layoffs for May 20, targeting up to 8,000 employees—roughly 10% of its global Facebook and Instagram workforce. The cuts follow a 2022‑23 restructuring that eliminated 21,000 jobs, but this round comes with a more generous...
As IPO Momentum Fades, VCs Embrace Partial Exits and M&A
Venture capital firms are shifting away from IPOs toward secondary sales, founder buybacks, and strategic M&A as public market conditions deteriorate. In India, 51 secondary VC transactions totaling $1.1 billion were recorded in 2025, while startup mergers and acquisitions remained robust...
JioStar Initiates Legal Measures Against Zee Entertainment for Alleged Unauthorised Airing of Bollywood Films: Report
JioStar, the Reliance‑Disney media venture formed by an $8.5 billion merger, has filed a 120‑page pleading accusing Zee Entertainment of broadcasting twelve Bollywood films, including hits starring Shah Rukh Khan and Aamir Khan, without permission. The complaint alleges Zee aired the titles nearly twenty...
Supreme Court Gives Flipkart Eight Weeks to Clear MarQ Inventory in Trademark Dispute
India's Supreme Court granted Flipkart eight weeks to sell off its MarQ‑branded electronics, upholding lower‑court injunctions that deem the MarQ mark deceptively similar to Marc Enterprises' MARC trademark. The two‑judge bench highlighted the risk of consumer confusion and refused to...
Zydus to Acquire US Cancer Drug Company Assertio for $166.4 Million in All-Cash Deal
Zydus Lifesciences announced a cash acquisition of Assertio Holdings for $166.4 million, paying $23.50 per share—a 30.6% premium over the prior Garda offer. The deal gives Zydus an established U.S. specialty oncology and supportive‑care platform, including an approved oncology asset. A...
Cipla Bets on Fast-Growing Biosimilars Market, to Steadily Add Products: CEO
Cipla is accelerating its entry into the fast‑growing biosimilars space, planning to launch 1‑2 new products each year over the next five to six years. The strategy is anchored by a joint venture with contract manufacturer Kemwell Biopharma, which will...
WazirX Launches Crypto Futures Trading with Lowest Fees in the Industry
WazirX has introduced a crypto futures platform in India, touting the industry’s lowest trading fees. The maker fee is 0.02% and the taker fee 0.04%, with no minimum volume requirement. Traders can open futures positions directly in rupees, avoiding a...
Tata Motors Cautions on FY27 Growth as War Woes Weigh on Industry
Tata Motors, India’s largest commercial‑vehicle maker, warned that FY27 will likely see only single‑digit growth in the sector. The company cited the West Asia war’s potential to push fuel prices higher and erode fleet operators’ margins. It also highlighted fragile...
Bombay High Court Allows Petitioner to Withdraw Plea Challenging Tata Trusts Board Composition
A vacation bench of the Bombay High Court granted a petitioner permission to withdraw his lawsuit challenging the composition of Sir Ratan Tata Trusts (SRTT). The original petition alleged that three of the six trustees, including Noel Tata, were permanent trustees, violating the...
Pimco Scorns Daily Marks on Private Assets That Apollo Heralded
Pimco strategist Lotfi Karoui warned that daily pricing of private‑credit assets does not address the market’s structural liquidity gaps, despite Apollo Global Management’s plan to price more than $830 billion of credit holdings each day by September. He highlighted widening price‑mark...
Sunil Bharti Mittal Says Now Is the Time to ‘Double Down’ on Investing in India: 'Cut Obsession with Gold Imports'
Sunil Bharti Mittal, chairman of Bharti Airtel, backed Prime Minister Narendra Modi’s call to curb gold imports and accelerate domestic investment. Speaking at the CII Annual Business Summit, he urged Indian industry to "double down" on capital spending amid global energy volatility. Mittal disclosed...
8th Central Pay Commission: Who Is IAS Pankaj Jain, Member Secretary of the 8th CPC Panel with over 35 Years...
The 8th Central Pay Commission (CPC) is advancing its consultation phase, holding meetings in Hyderabad, Srinagar and Ladakh between May and June before finalizing recommendations on dearness allowance, fitment factor and pension formulas. The panel, chaired by former Supreme Court...
Jupiter Wagons Eyes Global Expansion with BESS, Wagon Exports
Jupiter Wagons Ltd, a Delhi‑based rail engineering firm, aims to double its revenue by FY 2028‑29. The company is expanding beyond freight wagons into battery energy storage systems (BESS), advanced wheelsets, and international freight‑wagon exports. A partnership with a global...
Biosimilar Ramp-Up to Drive Growth for Biocon in FY27
Biocon is pivoting from a heavy‑investment phase to a profit‑driven model, banking on new biosimilar launches and scale‑up of recent products to fuel FY27 growth. Biosimilars already accounted for 60% of FY26 revenue, delivering 16% year‑on‑year top‑line growth and a...
Hyundai India Profit Falls for Second Year as Competition, Costs Weigh
Hyundai Motor India reported a 4% drop in FY26 net profit to ₹5,432 crore (≈$654 M), marking a second consecutive year of decline. Domestic sales fell 2.3% to 584,906 units, pushing the automaker from its long‑held number‑two spot to third place behind...
Amazon India to Scale up Rest Facilities for Delivery Associates to 250 in Delhi, Bengaluru, Mumbai and Other Cities
Amazon India announced it will expand its Ashray rest‑stop network to 250 centres across Delhi NCR, Mumbai, Bengaluru, Chennai and other cities, adding 50 new sites by the end of May. The facilities offer air‑conditioned seating, water, electrolytes, charging points...
SBI Posts 5.6% Growth in Net Profit in Q4
State Bank of India reported a standalone net profit of ₹19,683.75 crore (~$2.36 bn) in Q4 FY26, up 5.6% YoY. Net interest income rose 4% to ₹44,380 crore (~$5.33 bn) and the capital adequacy ratio improved to 15.4%. Asset quality sharpened, with the gross...
Bikaji Promoter Deepak Agarwal’s Family Office Buys 35% Stake in Bengaluru’s The Filter Coffee
Deepak Agarwal’s family office, the promoter of Bikaji Foods, has acquired a 35% stake in Wishvish Foods Pvt Ltd, the parent company of Bengaluru‑based coffee chain The Filter Coffee. The deal is being funded in tranches, with up to ₹100 crore...
Binance Says Treasury Sent Letter Over Monitorship of Exchange
Binance, still under a court‑appointed monitor after pleading guilty to U.S. sanctions and AML violations, received a formal letter from the Treasury Department requesting interviews with staff and records to probe possible sanctions breaches. The request comes amid media reports...
How AI Bots Hired over 260 Candidates at Piramal Finance
Piramal Finance, the non‑bank arm of the Ajay Piramal Group, used an artificial‑intelligence bot to interview and select 262 entry‑level sales executives over a three‑month period ending March 2026. The AI system evaluated candidates’ responses, tone, and fit, with human...
Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says
Cenovus Energy CEO Jon McKenzie told analysts that Alberta’s proposed 1 million‑barrel‑per‑day pipeline hinges on easing Canada’s industrial carbon tax. He argues that new greenfield oil‑sands projects require less stringent climate rules to be financially viable. The federal and provincial governments...
Who Is Manoj Kohli, Former Bharti Airtel Executive Onboarded to Fintech Alt DRX’s Advisory Board?
Manoj Kohli, former MD and CEO of Bharti Airtel, has joined the advisory board of Alt DRX, India’s first tokenised digital‑real‑estate marketplace. Alt DRX, licensed by the Qatar Financial Centre and seeking IFSCA approval, reports an annual recurring revenue of roughly ₹35 crore (about $4.2 million)...
Shree Cement Dials Back on Expansion Following Adani's Move
Shree Cement, India’s third‑largest cement producer, announced a slowdown in its capacity‑expansion plan after peers like Adani Cements also pulled back. The company posted FY26 revenue of ₹20,943.47 crore (≈$2.5 bn), a 9% rise, and profit surged 55% to ₹1,743.56 crore (≈$210 m). EBITDA...
NSE's Profit Falls 15% in FY26 as Market Activity Moderates
The National Stock Exchange of India (NSE) posted a 15% drop in FY26 net profit to ₹10,302 crore (≈$1.24 bn) as revenue slipped 3% to ₹16,601 crore (≈$2.0 bn). The decline was driven by lower transaction‑charge income and a 22% fall in clearing revenue,...
As Vedanta Group Posts Record FY26 Earnings, Chairman Anil Agarwal Lays Out Vision for a ‘Very Exciting New Chapter’
Vedanta Group reported a record FY26 profit of about $3 billion on revenue near $21 billion, delivering roughly 50% total shareholder return. The company also improved its net debt‑to‑EBITDA to 0.95×, enhancing balance‑sheet flexibility. Effective May 1, Vedanta began a demerger that will...
Emcure Doubling Down on Biosimilars Pipeline: MD Satish Mehta
Emcure Pharmaceuticals is expanding its biosimilars pipeline as a wave of biologic patent expiries creates market tailwinds. The company currently sells six biosimilars through its Gennova Biopharmaceuticals subsidiary and will now seek external partners to bring additional products to India...
NCLAT Sets Aside ₹301.61 Crore CCI Penalty on Grasim, Orders Fresh Hearing
The National Company Law Appellate Tribunal (NCLAT) has set aside the Competition Commission of India’s (CCI) ₹301.61 crore (≈ $36 million) penalty against Grasim Industries, ruling the firm was not given a fair chance to defend itself. The 2020 penalty stemmed from allegations...
Central Bank of India Expects Limited Impact From New Provisioning Rules
State‑owned Central Bank of India says the RBI’s upcoming Expected Credit Loss (ECL) framework will have limited impact, thanks to existing provisioning buffers. The bank has already set aside ₹1,525 crore (~$180 million) for Stage 1‑2 assets and maintains 100% coverage on Stage 3...
Vedanta Is Changing Its Policy that Assured at Least 30% Profit Gets Distributed as Dividend
Vedanta Ltd is scrapping its long‑standing rule that at least 30% of net profit must be paid out as dividends. The board will now set dividend amounts at its discretion, giving the company flexibility to retain earnings for strategic use....
Netweb Technologies Q4 Results: Revenue Leaps 90%, Profit After Tax Jumps to ₹706 Million, up 66% YoY — Key...
Netweb Technologies reported FY26 full‑year revenue of ₹21.8 bn (≈$263 m), a 90% jump from the prior year. Q4 revenue reached ₹7.74 bn (≈$93 m) and profit after tax rose 66% to ₹706 m (≈$8.5 m), delivering a 9% PAT margin. The AI Systems segment exploded...
AI Risks Keep Me up at Night, Says Kotak Bank CEO
Kotak Mahindra Bank CEO Ashok Vaswani warned that AI‑driven cyber threats are now moving at machine speed, forcing banks to overhaul detection and patching processes. The concern prompted Finance Minister Nirmala Sitharaman to direct banks to prioritize AI‑related cyber defenses and...
Air India CEO Search Narrows to Singapore Air Exec Kannan and Insider Aggarwal, Sources Say
Air India’s board is weighing two internal candidates—Singapore Airlines senior vice‑president Vinod Kannan and Air India commercial chief Nipun Aggarwal—to replace departing CEO Campbell Wilson. Both executives have deep ties to the Tata‑Singapore joint venture that birthed Vistara, now folded...
Brown University Cuts Stake in Blue Owl Private Credit Fund by over 50%
Brown University's $8 billion endowment slashed its holding in Blue Owl Capital's publicly traded private‑credit BDC, OBDC, by roughly 53%, reducing shares from 3.2 million to 1.5 million as of March 31. The university kept its full 2.6 million‑share stake in the Blue Owl management...
Aster DM Targets 15,000 Beds by FY30 Post Merger with Quality Care
Aster DM Healthcare is finalizing its merger with Blackstone‑backed Quality Care by the end of June 2026. The combined company plans to boost its operating margin from the current 21% to roughly 23‑24% within three years. Management projects adding over...
Indus Towers Flags Delays, Cost Pressures as LPG Supply Tightens Amid West Asia Conflict
Indus Towers, the Bharti Airtel‑owned tower platform, warned that the West Asia conflict is tightening LPG supplies, a critical input for steel‑coating processes, which could slow tower construction and lift costs. Fuel and power expenses, about ₹11,996 crore (~$1.44 billion), represent 37%...
Amid Scorching Heatwave, Zomato, Blinkit Expand ‘Insurance Plan, SOS Support’ and More for Gig Workers
Zomato and Blinkit, under the Eternal group, rolled out a suite of heat‑wave safeguards for their delivery partners, including expanded health insurance, 24/7 SOS support, and real‑time weather alerts. The insurance now reimburses up to $60 for OPD visits, $1,200...
Warner Bros. Discovery CEO David Zaslav’s Pay Package Tripled to $165 Million in 2025
Warner Bros. Discovery CEO David Zaslav’s 2025 compensation surged to $165 million, driven by a $110 million one‑time stock‑option award tied to a split plan that was later abandoned. The split was scrapped after Paramount’s $81 billion hostile takeover of WBD won shareholder...