Shapoorji Pallonji Group and Tata Sons held fresh discussions to explore the monetisation of an estimated 7% in the Tata group holding company, according to people familiar with the matter. SP Group has a 18.37% stake in Tata Sons and wants to sell some of that to repay part of its estimated debt of ₹60,000 … Read more
The story so far: The Global Capability Centres (GCCs) are wholly-owned, captive firms of multinationals that serve only their global parent company. These offices of multinationals are reshaping the urban office spaces and job markets in Bengaluru, Hyderabad, Pune and a host of other Indian cities. They have added a layer of high-paying jobs at … Read more
The Central Board of Direct Taxes (CBDT) will soon allow taxpayers to see the information the tax department has received from abroad regarding their foreign assets and incomes, sources in the CBDT have said. India receives information from more than 100 countries under the Automatic Exchange of Information (AEOI) framework. This information can include details … Read more
Godrej Agrovet has appointed Gaurav Pande as chief executive officer of its dairy subsidiary, Creamline Dairy Products Ltd, as the agri-business company looks to accelerate growth, strengthen its market position and expand the Godrej Jersey brand. Pande will lead Creamline’s next phase of growth, focusing on market leadership, business transformation, innovation and expanding the brand’s … Read more
OnePlus is reportedly charting a phased withdrawal from every market outside China, with an exit from the US and Europe expected to begin within days and a departure from India following by 2027, according to a Bloomberg report citing a person familiar with the matter. US and Europe exit could begin this week The initial … Read more
With a little help from BlackRock, the world’s largest asset manager, IPO-bound Udaan has struck a deal with a string of offshore lenders to avoid bankruptcy. Earlier this week, the internet commerce company reached an agreement to restructure its debt with its shareholders and global creditors who had initiated insolvency proceedings in the Singapore High … Read more
IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo) IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2 … Read more
Signs of delay in loan repayment has started to emerge in some segments of business loans even as the overall number suggests higher asset quality. Unsecured business loans to MSME companies which are due for payment for more than 90 days (90+DPD), constituted 7.2% of the total unsecured outstanding business loans, as of March 2026, … Read more
India’s fast-growing artificial intelligence data-centre industry is driving a sharp rise in demand for engineers from mechanical, electrical and industrial disciplines, creating lucrative opportunities in fields that had long been eclipsed by software jobs, as reported by Times of India. As companies ramp up investments in AI infrastructure, professionals with expertise in power systems, cooling … Read more