Air India Receives First Upgraded Boeing 787-8 in Delhi From California as $400 Million Refurbishment Plan Progresses
Air India’s first refurbished Boeing 787‑8, registration VT‑ANT, touched down in Delhi after a nonstop ferry from San Bernardino, California, marking the rollout of a $400 million cabin‑upgrade programme. The overhaul, delayed by supply‑chain and geopolitical issues, will refresh 26 Dreamliners and 13 B777s with new seats, inflight entertainment and a premium‑economy cabin. The aircraft received a fresh livery at AeroPro before its delivery. The move is part of Tata Group’s broader effort to revive the carrier’s loss‑making legacy wide‑body fleet.
Pirojsha Godrej to Take over as Chair of Godrej Industries on 14 August
Pirojsha Godrej will assume the chairmanship of the $20 billion Godrej Industries Group on 14 August, succeeding his uncle Nadir Godrej, who steps down at age 75. On the same day, his cousin Burjis Godrej, 34, will join the group holding company’s...
Has the Death of the Department Store Reached Japan?
Seibu's flagship department store in Shibuya will close in September, ending nearly six decades of operation. The shutdown reflects a broader slump in Japan's department‑store sector, where sales are now less than half of their 1990s peak despite a post‑COVID...
TCS Makes 25,000 Fresher Offers in FY27, Says More Hiring Hinges on Demand: Report
Tata Consultancy Services (TCS) extended 25,000 job offers to fresh graduates in FY27, a steep decline from the 44,000 hires in FY26. CEO K Krithivasan said any increase in campus hiring will depend on how demand evolves. The firm still favors...
Lufthansa Crew Strike Set to Cancel More Than 500 Flights
Germany’s largest airline, Lufthansa, faced a one‑day cabin‑crew strike on Friday after the UFO union called its members at both the main carrier and regional Lufthansa CityLine to walk out. The action is expected to cancel more than 520 flights,...
Pilots' Union Calls for 48-Hour Strike at Lufthansa Starting April 13
The pilots' union Vereinigung Cockpit has called a 48‑hour strike at Lufthansa from April 13 to 14, targeting Lufthansa, Lufthansa Cargo and CityLine over a stalled pension‑scheme negotiation. The walkout spares 13 Middle Eastern destinations for humanitarian reasons, while Eurowings...
IBM to Pay $17 Million as Settlement Linked to Anti-DEI Probe — What Was the Tech Major Accused Of?
IBM agreed to pay $17.1 million to settle a Department of Justice false‑claims act investigation into its diversity, equity and inclusion (DEI) practices on federal contracts. The DOJ’s Civil Rights Fraud Initiative alleged IBM tied bonus compensation to demographic targets and...
Kalshi Wins Reprieve From Arizona Criminal Case at CFTC’s Urging
Kalshi Inc., a Chicago‑based prediction‑market exchange, secured a temporary restraining order halting Arizona's 20‑count criminal indictment after the CFTC argued federal preemption. The Arizona case accused Kalshi of illegal gambling, including bets on state elections. A federal judge granted the...
Boaz Weinstein Scores Win After UK Trust Backs SpaceX Proposal
Activist investor Boaz Weinstein, through Saba Capital Management, secured a win for a tender offer backed by Edinburgh Worldwide Investment Trust after the trust's own board proposal was rejected. The Saba-backed plan lets shareholders exit at net asset value minus...
Live Nation Antitrust Trial Nears End as Lawyer for 34 States Labels the Concerts Giant a Monopolist
Live Nation Entertainment and its Ticketmaster unit dominate the concert market, holding about 86 % of ticket sales and 73 % when sports events are included. A coalition of 34 states presented closing arguments in a Manhattan federal antitrust trial, accusing the...
UBS Won’t Release Nazi Accounts Settlement Files Sought by Investigator After Court Setback
UBS Group AG announced it will not provide privileged documents related to Nazi‑linked accounts to investigator Neil Barofsky after a New York judge ruled the bank could not be shielded from future lawsuits. The decision follows UBS’s acquisition of Credit...
TCS Logs First Annual Revenue Decline Since Listing Despite Q4 Recovery
Tata Consultancy Services posted a 0.5% drop in full‑year revenue to $30.08 bn, marking its first annual decline in dollar terms since going public. The fourth quarter rebounded modestly, with revenue up 1.5% sequentially to $7.62 bn, while rupee‑denominated sales rose 4.6%...
Food and Fuel on the Go: BYD and KFC Join Hands for 'Nine-Minute' Drive-Thru EV Charging Stations in China
BYD has teamed up with KFC in China to roll out nine‑minute drive‑thru EV charging stations that let drivers refuel and eat in under ten minutes. The sites use BYD’s second‑generation Blade battery, which can reach 97% charge in nine...
UK Court Orders SpiceJet to Pay $8 Million to Engine Lessor over Unpaid Rent, Maintenance
A UK Commercial Court ordered SpiceJet to pay roughly $8 million to engine lessor Sunbird France 02 SAS for unpaid rent and maintenance on three engines. The debt dates back to November 2020 for maintenance and January 2022 for rent, and the lessor repossessed the...
Groww Exits Payment Aggregator Business, Surrenders RBI-Approved PA Licence After Two Years
India’s fintech platform Groww has surrendered its RBI‑approved payment‑aggregator licence, exiting the payments business just two years after launch. The decision, disclosed without fanfare, signals a refocus on its core brokerage and wealth‑management services. Groww’s November 2025 IPO raised roughly $800 million,...
TikTok Plans Second Billion-Dollar Data Centre in Finland in Move to Store European User Data Locally
TikTok will spend €1 billion (about $1.16 billion) to build a second data centre in Lahti, Finland, adding to its European data‑sovereignty programme. The site will launch with 50 MW of power, scalable to 128 MW, and is slated for operation by 2027. The...
IndiGo's Incoming CEO Flags Gap in India's Long-Haul Capacity, Calls Wide Body Jet Shortage a ‘Scandal’- Report
Incoming IndiGo chief executive Willie Walsh warned that India’s long‑haul capacity is hampered by a severe wide‑body aircraft shortage, describing the nation’s fleet of just 50 jets as a "scandal." The shortfall, which leasing firm Avolon predicts will linger into...
NSE Kicks Off IPO Process, Targets June-July Filing
The National Stock Exchange of India (NSE) has kicked off its IPO process, meeting all 20 of its investment bankers to begin drafting the offer document. The exchange plans to sell a 4‑4.5% stake at a valuation between ₹2 trillion and...
‘Inactionable Puffery’, Personal Jurisdiction, SEC Remit: Why Adani Lawyers Want US Bribery Case Dismissed
The U.S. Securities and Exchange Commission has charged Gautam Adani and his nephew Sagar with paying $250 million in bribes to unnamed Indian officials to secure power‑supply contracts for Adani Green Energy. The duo’s legal team filed a motion in a...
Prestige Estates Crosses ₹30,000 Crore Pre-Sales Milestone in FY26
Prestige Estates Projects posted a record FY26 pre‑sales total of about $3.6 billion, a 76% jump from the prior year, driven by robust bookings across its key markets. The company booked roughly $927 million in the January‑March quarter alone, with strong demand...
JPMorgan’s Dimon Adds Fresh Twist to Argument for Keeping Teams Small
JPMorgan CEO Jamie Dimon used his annual shareholders’ letter to champion ultra‑small, mission‑focused teams as the engine of innovation. He argues that competitive advantage now hinges on granular segment battles—health‑care pharma, medical devices, or the Chase Sapphire card—requiring dedicated squads...
Here's What India Inc. Is Projecting for Salary Increment, Promotions, Attrition Rates, Talent Development in 2026
Deloitte’s India Talent Outlook 2026 projects an average salary increase of 9.1% for 2026, a modest rise from the 9% paid in 2025. Financial services and manufacturing retain higher hikes, while tech firms cut increments by 0.6‑0.7 percentage points. Promotion...
Indian IT Firms Face Subdued Fourth Quarter as War, AI Concerns Persist; Weak Rupee Helps Earnings
Indian IT giants such as TCS, Infosys, HCLTech and Wipro are expected to post roughly 10% year‑on‑year revenue and profit growth in the March quarter, largely fueled by a 4% rupee depreciation that boosts dollar‑denominated earnings. Stripping out currency effects,...
Bluesky Needs to Burst Its American Bubble
Bluesky, the decentralized social protocol spun out of the former Twitter, has amassed 43 million global users but remains heavily US‑centric, with 47% of daily active app users located in America. Its modest 2 million US mobile‑app DAUs contrast sharply with X’s...
Consumer Megadeals Make a Rare Comeback in the First Quarter
Two U.S. food giants announced blockbuster acquisitions in early April, with Sysco agreeing to buy Jetro Restaurant Depot for roughly $29 billion and McCormick planning a near‑$45 billion purchase of Unilever’s food division. The deals placed both companies inside the global top‑10...
Adani Ports Crosses 500 MT Million Tonnes Cargo Handling Milestone — What It Means?
Adani Ports and Special Economic Zone Ltd (APSEZ) announced it has handled over 500 million tonnes of cargo, cementing its status as India’s largest integrated transport utility. The milestone reflects expansion from a single port in 1998 to a network of...
India's Top Consulting and Audit Firms Hit by AI and War; Job Cuts, Hiring Freeze Loom
India's leading consulting and audit firms are curbing hiring and initiating layoffs as artificial intelligence automates research and production tasks and client demand wanes due to the West Asia conflict. The most vulnerable roles are research‑heavy positions, while firms are...
Vodafone Idea Adds Users After 5 Years
Vodafone Idea posted a net gain of 21,927 subscribers in February, raising its total base to 198.4 million—the first positive addition in nearly five years. The modest growth follows extensive 4G and early 5G network expansion and comes after the Indian...
More than 16 Lakh Government Email Accounts Migrated to Zoho’s Cloud Platform at a Cost of ₹180 Crore
The Indian central government has shifted 1.66 million official email accounts to Zoho’s cloud platform, incurring a total outlay of roughly $22 million. Monthly pricing ranges from $2 to $4 per account, depending on mailbox size. The move is framed as a...
US Appeals Court Denies Bid From Families of Boeing 737 Max Crash Victims to Reopen Criminal Case
A three‑judge panel of the 5th U.S. Circuit Court of Appeals denied families of the 737 Max crash victims a request to reopen the criminal case against Boeing. The families argued the Justice Department violated the Crime Victims’ Rights Act by...
Elon Musk Must Face Class Action over Late Disclosure of Twitter Stake, Judge Rules
A Manhattan federal judge ruled that investors can pursue a class‑action lawsuit against Elon Musk for allegedly delaying the disclosure of his Twitter (now X) stake. Musk bought Twitter for $44 billion in October 2022 and failed to report his 5%...
Mindspace REIT Buys Chennai Office From Sponsor for ₹2,541 Crore
Mindspace Business Parks REIT announced the acquisition of a 2.6 million sq ft, 12.4‑acre Grade‑A office campus in Chennai for ₹2,541 crore (≈ $310 million). The deal, executed under a right‑of‑first‑offer with sponsor K Raheja Corp, includes a preferential issuance of up to ₹675 crore (≈ $82 million) pending approvals. Once...
Brazil Soccer Star Ronaldo Buys $8 Million Penthouse in Miami
Brazilian legend Ronaldo purchased a $7.8 million penthouse on Bay Harbor Islands, Miami, joining a wave of soccer stars acquiring trophy homes in the city. The five‑bedroom, seven‑bathroom unit includes a rooftop deck and private pool, underscoring Miami’s appeal as a...
ECB Has Reservations About Banking Credentials of MPS Boards CEO Candidate, Source Says
The European Central Bank has raised concerns about the banking credentials of Fabrizio Palermo, the ACEA CEO nominated by Monte dei Paschi di Siena (MPS) to replace Luigi Lovaglio. Palermo’s experience stems from leading the state‑owned Cassa Depositi e Prestiti,...
Quote of the Day by Bhavish Aggarwal: ‘The Future Is Not Something You Predict, It's Something…’
Bhavish Aggarwal, founder of Ola Cabs and Ola Electric, recently emphasized that the future is not something to predict but to create. His quote urges entrepreneurs and professionals to adopt a proactive, execution‑focused mindset rather than waiting for circumstances to...
Blackstone-Backed EPL to Merge with Indovida to Make $2 Billion Packaging Giant
Blackstone‑backed EPL and Indorama Ventures’ Indovida India have signed a definitive share‑swap agreement to merge their rigid packaging businesses, forming a $2 billion entity with roughly $1 billion in annual sales. Indorama will become the majority shareholder with a 51.8% stake, while...
HC Suggests Mediation as Kalyani Siblings Battle over Family Wealth
The Bombay High Court has urged the Kalyani siblings—Babasaheb, Sugandha Hiremath, and Gaurishankar—to resolve their two‑decade‑old feud through mediation. The dispute centers on more than ₹1 trillion (≈ $12 billion) of ancestral assets, including land, jewellery and promoter stakes in listed firms such...
Vedanta's Anil Agarwal Invokes Gita in First Statement on Jaypee Bid Reversal: ‘We Have No Attachment to This Asset’
Vedanta Ltd Chairman Anil Agarwal broke his silence after the Committee of Creditors reversed the company’s highest bid for Jaiprakash Associates, a deal valued at roughly $2.0 billion, in favor of Adani Enterprises' $1.8 billion offer. Agarwal invoked the Bhagavad Gita, emphasizing...
PetroChina Profit Drops on Lower Oil Cost, Weak Fuel Demand
PetroChina reported a net profit of 157.3 billion yuan ($22.8 billion) for 2025, a 4.5% decline from the prior year as Brent crude fell to about $68 a barrel, 15% lower YoY. Despite weaker oil prices, the company’s natural‑gas segment lifted operating...
Global PE Firm Advent International Eyes 25% Stake in Potato-Maker Iscon Balaji
Advent International is in early talks to acquire a 25% stake in Iscon Balaji Foods, valuing the Indian potato processor at roughly ₹5,000 crore (about $600 million). The deal highlights growing private‑equity interest in India’s frozen‑potato and quick‑service‑restaurant supply chain. IBF supplies frozen fries...
Jubilant FoodWorks Says Stores Impacted by LPG Supply Shortage Amid West Asia War: What We Know
Jubilant FoodWorks disclosed that the ongoing Israel‑U.S‑Iran conflict has disrupted LPG cylinder deliveries, affecting several Domino's Pizza and Dunkin’ Donuts outlets across India. The shortage stems from reduced LPG imports due to blockades in the Strait of Hormuz and broader...
Codelco Expects to Churn Out Slightly More Copper This Year
Codelco, Chile's state‑owned miner, forecasts producing 1.344 million metric tons of copper in 2026, a slight increase from 1.333 million tons in 2025 and within its 1.331‑1.357 million‑ton guidance range. The company is working to recover from a 25‑year low caused by declining...
Growel Formulations Forays Into Poultry Sector with Strategic Investment in Provet Pharma — Details Here
Growel Formulations Pvt Ltd announced a strategic investment in Provet Pharma Private Limited, marking its entry into India’s high‑growth poultry sector and broadening its animal‑nutrition portfolio beyond aquaculture. The deal, advised by Deloitte India and Veda Corporate Advisors, did not...
Air India Express Raises Borrowing Limit to ₹17,500 Crore Amid Losses, Turbulence
Air India Express lifted its borrowing limit by 25% to ₹17,500 crore (≈ $2.1 billion) to fund near‑term operations after FY25 losses surged to ₹5,822 crore (≈ $702 million) despite a 26% revenue rise. Debt climbed 61% to ₹10,087 crore (≈ $1.2 billion), now exceeding the airline’s ₹16,033 crore (≈ $1.9 billion)...
JSW Benchmarks Itself Against Global Leaders, Says Parth Jindal
Parth Jindal said the recent sale of two IPL franchises for more than $3.4 billion validates a seven‑year bet and he now projects each of the ten teams could be worth $4‑5 billion within a decade. He highlighted JSW Group’s strategic shift...
L&T Tech to Sell Smart World Portfolio to AM Group-Backed AMI Paradigm Solutions
Indian engineering services firm L&T Technology Services announced the sale of its Smart World & Communication (SWC) portfolio to AMI Paradigm Solutions, a joint venture backed by renewable‑energy conglomerate AM Group and digital infrastructure developer ParadigmIT. The transaction transfers L&T’s...
Binance Tightens Market Making Rules In Wake of Crash Criticism
Binance, the world’s largest crypto exchange, announced stricter market‑making rules after the October 10 crash that erased roughly $19 billion in leveraged bets. The new policy bans revenue‑sharing arrangements between token projects and market makers, prohibits price‑manipulation tactics, and requires projects...
SC Upholds States’ Right to Change Industrial Policy in a 25-Year-Old Dispute
The Supreme Court upheld Maharashtra’s right to withdraw electricity duty exemptions for captive power plants, overturning a 2009 Bombay High Court decision. The court validated state notifications from April 2000 and April 2001 but delayed implementation for one year to give firms...
Nelson Peltz Is Giving Hedge Funds a Little Sweetener
Nelson Peltz’s activist firm Trian Fund Management has upgraded its bid for London‑based asset manager Janus Henderson to a "best and final" $8 billion offer, translating to $52 per share and clearing the $50‑a‑share hurdle. The proposal represents a 25% takeover...
Trai Drops 1% Turnover Penalty Proposal, Caps Telcos’ False Reporting Fine at ₹5 Cr
India’s Telecom Regulatory Authority (TRAI) has dropped a proposal to impose penalties of up to 1% of a carrier’s turnover for inaccurate financial filings. Instead, it adopted a slab‑based framework that caps fines at ₹5 crore (≈ $0.61 million) for major violations, with...
