Tata Consultancy Services reports a 14% fall in third-quarter profit, driven by substantial charges linked to India’s new labour codes, despite record AI revenue and resilient business performance. Tata Consultancy Services reported a sharp fall in third-quarter profit after absorbing…
India could reach its Rs50,000 crore defence export goal by 2028, nearly two years earlier than planned, as overseas demand for Indian military hardware accelerates, driven by competitive pricing and expanded industrial capacity. India could reach its Rs50,000 crore defence…
PhonePe advances towards its first regulated move outside India after receiving in-principle approval from the Central Bank of the UAE for two payment licences, signalling a significant step in its global growth strategy. PhonePe has received in-principle approval from the…
India’s market regulator has renewed open-market buyback options through stock exchanges, driven by recent tax law changes that eliminate previous fairness concerns, with new controls to safeguard investor interests. India’s market regulator has brought back open-market buybacks through stock exchanges,…
Bright Outdoor Media, led by Yogesh Lakhani, is poised for a significant transition from the BSE SME platform to the main board, backed by robust revenue growth and diversification into digital and integrated media solutions. Bright Outdoor Media is trying…
The Insurance Regulatory and Development Authority of India is consulting on a new framework that aims to realign commission structures, reduce distribution costs, and improve transparency, potentially transforming how insurers sell policies and benefit consumers. India’s insurance regulator is weighing…
Vedanta Group plans a significant investment in Odisha, featuring a 1,000-bed super-speciality hospital and a 2 million tonnes-a-year aluminium smelter, aiming to deepen regional infrastructure and job creation, while securing raw-material sources. Vedanta Group chairman Anil Agarwal has met Odisha…
Axis Bank highlights that salary accounts can often be retained across job changes if certain conditions are met, but ongoing salary credits are crucial to maintain benefits and account status, with implications for fee structures and account features. Changing jobs…
India’s insurance regulator, IRDAI, has revealed a comprehensive draft framework aimed at transforming the insurance sales landscape, broadening distributor options, and tightening accountability for mis-selling in a move expected to reshape the industry. India’s insurance regulator has proposed a major…
A strong economy and cautious Fed stance create a complex short-term outlook for markets, with potential for additional rate hikes and sector-specific vulnerabilities amid broad inflation slowdown. A firmer Federal Reserve and still-resilient growth are creating a awkward short-term mix…
