Air India Express Resumes Qatar, Bahrain Flights; Boosts Gulf Services Amid Fragile Ceasefire in West Asia
Air India Express will restart flights to Qatar and Bahrain and boost Gulf frequencies from April 30 2026, marking the first commercial services after the two‑month airspace shutdown caused by the Operation Epic Fury conflict. The Tata‑owned carrier operates more than 500 daily flights, linking 45 Indian hubs with 17 international destinations using a fleet of over 100 Boeing 737 and Airbus A320 aircraft. Alongside Air India and IndiGo, the airline will resume Doha operations on May 1, signaling coordinated airline re‑entry into the Gulf market. The move comes as a fragile cease‑fire and renewed insurer confidence create a narrow security window for commercial aviation.
HUL Q4 Preview: Margins in Focus Amid Rising Raw Material Costs
Hindustan Unilever Ltd (HUL) is set to report Q4 FY26 results on Thursday, with analysts forecasting a profit after tax of about ₹2,612 crore (≈$315 million) on revenue of ₹16,270 crore (≈$1.96 billion). The quarter follows a tough March where the US‑Iran war triggered...
PE Firm Siguler Guff Invests $40 Million in Chili's India Franchise Trimex Foods
Private equity firm Siguler Guff has committed $40 million to Trimex Foods, the exclusive Indian franchisee for Chili’s Grill & Bar, PAUL and Cinnabon. The capital infusion marks Trimex’s first institutional raise and will fund a pan‑India rollout of its existing...
Dilip Shanghvi-Led Sun Pharma's Most Expensive M&A Deal Signals Fading Allure of US Generics Business
Sun Pharmaceutical Industries announced an $11.75 billion acquisition of Organon & Co., marking the second‑largest deal by an Indian firm. The purchase shifts Sun Pharma’s focus from the volatile U.S. generics market toward geographic diversification. By adding Organon's branded‑generics portfolio, Sun aims to...
How Big Is Organon’s Biosimilar Push for Sun Pharma?
Sun Pharma’s $11.75 billion acquisition of Organon propels the Indian drugmaker into the global biosimilars market, placing it among the top ten players. Organon’s biosimilar portfolio generated $691 million in 2025, about 11 % of its total revenue, with 45 % of that coming...
DeFi Rescue Hurts Anti-Wall Street Pitch After $10 Billion Run
A security breach at KelpDAO sparked a $10 billion run on Aave, the leading DeFi lending protocol. A coalition of projects, calling itself DeFi United, has pledged roughly $240 million in Ether to back rsETH and reimburse Aave’s users. Interest rates have...
Samsung Electronics May Withdraw Home Appliance and TV Sales From China: Report
Samsung Electronics is weighing a withdrawal of its home‑appliance and television sales from China, with a possible decision by the end of April 2026. The move reflects intensifying price competition from Chinese manufacturers that are gaining market share both domestically and...
Jio’s 5G ‘Faster Lane’ Service Rollout Hinges on Policy Clarity, Demand
Reliance Jio Infocomm Ltd confirmed it will not apply network slicing to ordinary mobile voice or data services at this time. The company plans to expand premium 5G offerings—such as gaming, IoT, and enterprise slices—only when user demand and willingness...
What Does Bayers US Supreme Court Case Mean for the Thousands of Roundup Lawsuits?
The U.S. Supreme Court will hear Bayer's appeal on Monday, challenging whether federal pesticide‑labeling law overrides state requirements for cancer warnings on Roundup. Bayer is defending a $1.25 million verdict in a Missouri case and faces roughly 65,000 similar lawsuits alleging...
CP Milk & Food Products in Early Talks to Sell up to 15% at ₹3,000 Crore Valuation
CP Milk & Food Products, a Lucknow‑based dairy, is in early talks to sell a 10‑15% stake to private‑equity investors, valuing the firm at ₹2,500‑3,000 crore (approximately $300‑$360 million). This would be the company’s first external capital raise, reflecting a broader trend...
Nissan Is Betting on ‘China Speed’ to Get Back on Its Feet
Nissan is turning to China to revive its global fortunes after sales slumped in the United States and Japan. The automaker aims to sell one million cars annually in China by 2030 and to export up to 300,000 China‑built vehicles...
IDFC First Bank Says ₹590 Crore Fraud Impact Behind It, Sees Strong FY27 Growth
IDFC First Bank says the ₹590 crore ($71 M) fraud uncovered in February has been fully expensed and will not affect future results. In Q4 FY26 the bank posted a 17% year‑on‑year deposit increase to ₹2.9 trn ($35 B) and a net profit of...
Transition at Sonata: Rajsekhar Datta Roy Is New CEO as Samir Dhir Steps Down
Sonata Software announced that chief delivery officer Rajsekhar Datta Roy will replace Samir Dhir as CEO, effective May 8, 2026, for a three‑year term. Dhir, who has led the firm since April 2022, stepped down to focus on personal priorities. Sonata ended the last fiscal...
Axis Bank Frontloads FY27 Provisions Amid West Asia War Uncertainty
Axis Bank entered FY27 by creating a one‑time ₹2,001 crore ($241 million) provision to guard against heightened geopolitical and macro risks, notably the West Asia conflict. The move lifted Q4 total provisions to ₹3,522 crore ($424 million), pushing net profit down 0.6% YoY to...
Indigo Denies Claims of Banning Sindoor, Tilak; Cautions Against Sharing ‘Fabricated’ Documents Online
IndiGo denied that its grooming handbook bans sindoor, tilak, mangalsutra, calling circulating documents fabricated. The airline said its uniform policies follow global safety standards and promote inclusivity. The incident follows similar controversies at Lenskart and Air India over dress‑code restrictions,...
Reserve Bank of India Cancels Licence of Paytm Payments Bank Limited
The Reserve Bank of India has revoked the banking licence of Paytm Payments Bank Limited, effectively barring it from any banking activity. The RBI cited detrimental management practices and non‑compliance that harmed depositor interests. While the bank can still process...
KPMG to Cut 10% of Its Audit Partners in US to Streamline Operations as Voluntary Retirement Plan Fails
KPMG announced it will eliminate roughly 10% of its U.S. audit partners, about 100 senior professionals, after a voluntary early‑retirement program failed to generate enough exits. The cuts target partners and managing directors are excluded, with departing partners receiving severance...
Ralph Lauren, Lanvin Double Down on India Luxury Market Growth Amid Global Slowdown
India’s luxury market, valued at $7.74 bn in 2023, is projected to reach $12 bn by 2028, outpacing many global peers. Amid a broader slowdown, Ralph Lauren is deepening its digital footprint and leveraging local influencers while tailoring collections to Indian tastes. Lanvin...
PwC India Eyes Consulting Changes to Standardise Services Across Regions
PwC India is evaluating a global overhaul to standardize its consulting services across all member firms. The unified model would align methodologies, processes, and delivery to give multinational clients consistent, faster advice. The push comes as the professional‑services market faces...
EU Regulatory Approvals for Tata Motors' $4.4 Bn Iveco Deal Run Behind Schedule
Tata Motors’ $4.4 billion acquisition of Iveco is lagging as European competition and other regulators have not yet granted approval. The delay pushes the expected closing past the original April‑June 2026 window, potentially postponing revenue recognition and slowing integration of Iveco’s...
Oil Servicer Weatherford Sees War Impacts Deepening This Quarter
Weatherford International warned that earnings will be hit by $30‑$50 million in the first half of the year as the Iran‑related war disrupts oilfield activity. The company posted first‑quarter earnings that beat estimates, but expects the impact to deepen in Q2...
Tech Mahindra Q4 Results: Headcount Falls by 1,993 as IT Giant Pushes for AI-Driven Efficiency
Tech Mahindra reported a quarterly headcount decline of 1,993, bringing its workforce to 147,623, as it accelerates an AI‑led transformation. The Indian IT services firm posted a 19% YoY profit increase to ₹1,356 crore (≈ $163 million) and a 48.3% YoY jump in...
FedEx Conducts India's First Intra-City Drone Delivery Trials in Bengaluru
FedEx announced the successful completion of India’s first intra‑city drone delivery trial in Bengaluru, partnering with IIT‑Madras and securing DGCA clearance. The drone flew a 39‑42 km direct route in about 21 minutes, cutting a typical one‑hour ground trip. In the same...
Zoho Built a Global SaaS Business From Tamil Nadu, Can Startups Move Beyond Metro Hubs?
Zoho has built a global SaaS empire from Tamil Nadu, relying on bootstrapped growth and an in‑house training program rather than venture capital or metro‑centric hiring. The company now serves over 100 million users across 45 products and generates more than $1 billion...
Multiples, Warburg Among PE Giants in Race for $100-Mn Giva Stake
Giva, a premium‑yet‑affordable Indian jewellery brand, is in talks with private‑equity firms Multiples, Warburg Pincus and Kedaara Capital for an $80‑100 million stake. The interest follows Giva’s recent Series C round that raised roughly ₹530 crore (about $64 million). The deal reflects confidence in Giva’s...
Tea Café Chain Chaayos in Talks to Raise $50-70 Million, Appoints Banker
Mumbai‑based tea‑café chain Chaayos has engaged Avendus to help raise fresh capital. The company aims to secure between $50 million and $70 million in the round. This follows its 2022 Series C that brought in $53 million and placed a $250 million valuation on the...
Merz Sets Crisis Talks to Tackle Energy Price Impact on Germany
German Chancellor Friedrich Merz announced he will convene the National Security Council to address the escalating global energy crisis and its impact on Germany. He highlighted the need to secure supplies of gasoline, diesel and aviation fuel as prices surge to...
China’s Orient Securities Deal to Create $86 Billion Brokerage
Orient Securities announced it will acquire Shanghai Securities, creating a brokerage with roughly $86 billion in assets. The combined entity will hold about 583 billion yuan (~$82 billion) in assets as of end‑2025. The merger follows Beijing’s push, spurred by President Xi’s 2023...
AI-Proof Your Future with These 3 Skills — Father of AGI Says ‘Human Jobs Will Become Obsolete’
AI pioneer Ben Goertzel warned that a human‑level artificial general intelligence could emerge within two to three years, making most jobs obsolete. He emphasized a transitional rollout period similar to the 2022 Gen‑AI adoption curve. Goertzel identified three AI‑proof skill...
Tata Steel Prepares for Blue-Collar Job Transitions as Iron Ore Lease Expiry Nears
Tata Steel announced that four iron‑ore mining leases in Jharkhand and Odisha will expire by 2030, prompting a strategic shift in its raw‑material sourcing. The company has slowed new hiring while briefing employees on possible role changes, redeployment, or voluntary...
HDFC Bank Senior Management Backs Keki Mistry to Continue as Chairman
Senior management of HDFC Bank is urging the board to extend Keki Mistry’s interim part‑time chairmanship beyond the three‑month term approved by the RBI after Atanu Chakraborty’s abrupt resignation. The board’s nomination and remuneration committee must still approve any extension,...
SMBC-Backed Yes Bank Poised for Balance Sheet Expansion: MD Tonse
Yes Bank, now backed by SMBC’s 24.2% stake, says it has ample headroom to expand its balance sheet. For Q4 FY26 the lender posted a net profit of ₹1,068 crore (~$129 million), up 44.7% YoY, and net interest income of ₹2,638 crore (~$318 million)....
No Impact of West Asia War on Portfolio, Says ICICI Bank's Batra
ICICI Bank said the West Asia war has not yet affected its balance sheet, noting that most geopolitical developments occurred in April and the long‑term Indian growth story remains intact. The bank’s domestic corporate loan book rose 9.3% year‑on‑year to...
JSW Steel, Posco to Set up 6 Mtpa Greenfield Plant in Odisha
JSW Steel’s board approved a 50:50 joint venture with South Korea’s Posco to build a 6 million‑tonne‑per‑year integrated steel plant in Odisha. The partnership will be executed through Saffron Resources, which will receive roughly $61 million in Posco equity. The greenfield facility...
Who Is Srinivas Narayanan? US Techie Quits OpenAI, Plans to Return to India to Spend Time with ‘Ageing Parents’
Srinivas Narayanan, OpenAI’s chief technology officer for B2B Applications, announced he will leave the company next week after three years in the role. He joined OpenAI in April 2023 as vice‑president of engineering and was promoted in September 2025. Narayanan...
New York Loses Nearly $74 Million for Not Revoking 33,000 Illegal Licenses for Immigrant Truckers
The U.S. Department of Transportation announced that New York will forfeit more than $73.5 million in federal funds because the state has not revoked roughly 33,000 commercial driver’s licenses issued to non‑domiciled immigrant truckers. An audit found that over half of...
Trump Weighs Appointing Michael Murray to Lead Antitrust at DOJ
The White House is weighing a nomination of Michael Murray, a former deputy assistant attorney general for antitrust, to lead the Justice Department’s antitrust division. Murray, now a partner at Paul Hastings, would replace Gail Slater, who was dismissed after...
Maran Claims SpiceJet Owes over ₹400 Cr with Interest as Payment Dispute Lingers
Sun Group chairman Kalanithi Maran told the Delhi High Court that SpiceJet owes over ₹400 crore (≈$48 million) with interest, far above the ₹144.5 crore (≈$17 million) the airline claims. The court is reviewing SpiceJet’s petition to replace the cash deposit with a one‑acre Gurugram property,...
EU Proposes that Google Allow Third-Party Search Engines Access to Data — What We Know
The European Commission has drafted measures to force Google to grant third‑party search engines access to its search data, including AI‑driven chatbot queries, to satisfy the EU Digital Markets Act. Interested parties must submit comments by 1 May 2026, with a...
Signature Global Ties up with Tonino Lamborghini to Develop ₹2,900 Crore Luxury Housing Project in Gurugram
Signature Global has signed a licence agreement with Italian luxury brand Tonino Lamborghini to launch the $349 million "Tonino Lamborghini Residences Gurugram" on 12.4 acres in Sector 71. The project will deliver 812 premium apartments and marks the brand’s first residential foray in...
Vedanta Accuses JAL Creditors of Preaching ‘Process’ While Ignoring It Themselves
Vedanta challenged the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, arguing that its ₹17,000 crore (~$2.0 bn) offer was unfairly rejected in favor of Adani's lower‑value plan. The CoC chose Adani’s ₹14,543 crore (~$1.75 bn) proposal, citing faster cash payouts despite...
Snap to Axe 1,000 Staff: Snapchat Parent Faces Pressure From Activist Investor, Shares Climb over 5% in Premarket
Snap announced it will lay off about 1,000 employees, roughly 16% of its staff, and eliminate over 300 vacant roles to cut more than $500 million in annualized costs. The restructuring, driven by activist investor Irenic Capital Management, will generate $95‑$130 million...
Air India Asks Tata, Singapore Air for Funds After $2.4 Billion Loss
Air India reported a fiscal‑year loss of more than 220 billion rupees (≈ $2.4 billion), far exceeding its internal $1.6 billion estimate. The loss was driven by a deadly Boeing 787 crash, the closure of Pakistani airspace, and the Middle‑East conflict, which forced longer, fuel‑intensive...
Fintech SumUp Lines Up Banks for Possible London IPO
SumUp Payments Ltd. is assembling a banking syndicate that includes Deutsche Bank, Goldman Sachs, Jefferies and JPMorgan to explore a first‑time public offering in London. The fintech, known for its point‑of‑sale terminals, could be valued at $10 billion or more, making...
BoEs Bailey Sees Major Cybersecurity Risks in New Anthropic Model
Bank of England Governor Andrew Bailey warned that Anthropic’s new Mythos AI model could dramatically amplify cyber‑attack capabilities, forcing regulators to assess its threat to banking systems. He said the model may enable rapid identification of system vulnerabilities, raising cyber...
‘300 Employees Laid Off without Notice’: Zoho Responds to Viral Post Alleging Mass Layoffs
Zoho, the cloud‑based enterprise software firm, refuted a viral claim that it had laid off 300 employees without notice. The post, which appeared on the Blind app, mistakenly conflated the company’s internship program with full‑time employment. Zoho reiterated its three‑decade...
BharatPe Co-Founder, Shashvat Nakrani Steps Back to Build Something New
BharatPe co‑founder Shashvat Nakrani announced he will step back from day‑to‑day operations on May 1, moving into a strategic advisor role while remaining a board director and the company’s largest individual shareholder. The fintech unicorn, valued at $2.7 billion, has raised $584 million...
Nodwin Gaming Eyes IPO Momentum, Inducts Manish Agarwal to Board
Nodwin Gaming, the esports subsidiary of Nazara Technologies, is gearing up for an IPO within the next two to three years and is seeking to raise more than $100 million in a pre‑IPO round. The firm has appointed former Nazara CEO...
World Liberty Investor Justin Sun Claims Trump Crypto Venture Secretly Installed Tool to Freeze User Holdings
Investor Justin Sun accused Trump‑linked World Liberty Financial of embedding a hidden "backdoor blacklisting function" that can freeze WLFI token holdings. Sun, who has invested at least $75 million in the token, says his holdings were frozen in September, but provides...
Sundheim’s D1 Tumbled 6% in March as Biggest Stock Bets Soured
Dan Sundheim’s D1 Capital Partners saw its equities book slide 6% in March, making it one of the worst‑performing hedge funds that month. All six of its largest stock positions lost money, with Flowserve down 17% and James Hardie down...