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New Delhi: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 employe ...Read More >
New Delhi, April 9: Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report. The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D'Amaro took over as the company's chief executive officer in March. The layoffs are expected to impact less than 1 per cent of Disney's total workforce. The company had around 231,000 ...Read More >
Mumbai, Apr 8 (PTI) Maharashtra Chief Minister Devendra Fadnavis on Wednesday said Vietnam-based Vingroup has committed to investing USD 6.5 billion in Maharashtra over the next two years in various sectors, including electric mobility solutions, renewable energy, tourism and entertainment. An official release earlier mentioned the investment figure as USD 8.5 billion. A memorandum of understanding (MoU) was signed between Vingroup, the state industries department and the Mumbai Metropolitan R ...Read More >
Adani commits Rs 33,081 crore to Odisha projects. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Adani Group commits Rs 33,081 crore for three major projects in Odisha * Projects include data center, thermal power plant, and cement plant near Cuttack * Data center in Bhubaneswar to support AI, cloud computing, and digital governance Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: The Adani Group pledged three large-scale infrastructure projects in Odi ...Read More >
Mumbai, Apr 8 (PTI) Reserve Bank Governor Sanjay Malhotra on Wednesday announced that the monetary authority will be coming out with a new framework for non-bank lenders amid a lack of clarity over Tata Sons' listing issue. "We are coming up with a new framework for the NBFCs. Very soon, we should," Malhotra told reporters at the customary post-policy review press conference. On a specific question on Tata Sons, Malhotra said the new framework will categorise non-banking finance companies. He ...Read More >
New Delhi: Air India CEO Campbell Wilson Tuesday said he has resigned, leaving the Tata Group-owned airline scrambling to find his replacement by September. In a statement, Air India said Wilson had conveyed his decision of stepping down to Tata Sons chairman N Chandrasekaran back in 2024, leading many to question why the salt-to-steel conglomerate hasn't been able to set a concrete succession plan yet. "Usually, the new CEO should be in place 3-6 months prior and work with the outgoing CEO to ...Read More >
Mumbai: The CEO of Tata Trusts, which is the majority owner of India's largest business conglomerate, asked vice-chairmen Venu Srinivasan and Vijay Singh to resign last week, while concealing material information, the two prominent trustees have alleged, precipitating yet another round in what has been a series of infighting bouts at the highprofile public charitable trusts. Trusts CEO Siddharth Sharma asked the two vice-chairmen to step down from the Bai Hirabai JN Tata Navsari Charitable Inst ...Read More >
New Delhi: The Supreme Court Monday refused to stay the implementation of Adani Group's ₹14,500-crore debt resolution plan for debt-laden Jaiprakash Associates (JAL). A bench led by Chief Justice Surya Kant said it didn't see any reason to interfere with the National Company Law Appellate Tribunal (NCLAT) interim order allowing the implementation of the resolution plan, a decision challenged by Anil Agarwal-owned Vedanta. Noting that Vedanta's appeal is now listed for final hearing on April 10 ...Read More >
April 6 (Reuters) - Shares of Wipro (WIPR.NS), opens new tab rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group (OLAG.SI), opens new tab for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index (.NIFTYIT), opens new tab, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50 (.NSEI), opens new tab, which ...Read More >
April 6 (Reuters) - Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50, which was down 0.2%. Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will se ...Read More >
April 6 (Reuters) - Shares of Wipro rose as much as 3.2% on Monday after the Indian IT services firm agreed to buy the IT services business of Singapore-based Olam Group for an enterprise value of $375 million. The stock was last up 1.9% at 9:34 a.m. IST, making it the top gainer on the IT index, which was trading 0.5% higher. It was also the second-biggest gainer on the benchmark Nifty 50, which was down 0.2%. Olam Holdings, a unit of the Singapore food and agribusiness conglomerate, will se ...Read More >
Mumbai: Tata Trusts said in an internal note that there is no legal bar on non-Zoroastrians serving as trustees at the Bai Hirabai JN Tata Navsari Charitable Institution, citing a 2000 opinion by former chief justice of India MH Kania. This follows trustee Mehli Mistry questioning the eligibility of Venu Srinivasan and Vijay Singh to be Bai Hirabai trustees because of their faith. In an internal note addressed to Tata Trusts chairman Noel Tata and trustees, Tata Trusts CEO Siddharth Sharma refe ...Read More >
MUMBAI: Months after his exit, former Sir Ratan Tata Trust (SRTT) trustee Mehli Mistry has challenged the positions of Venu Srinivasan and Vijay Singh on the board of the Bai Hirabai Jamsetji Tata Navsari Charitable Institution, arguing they are ineligible under the 1923 deed, which bars non-Zoroastrians and non-Mumbai residents, and has called for an official enquiry.The Bai Hirabai Institution is an associate trust of SRTT, a major shareholder in Tata Sons, which runs the $180 billion Tata con ...Read More >
With this, APSEZ - which is India's largest integrated transport utility and among the nation's leading port developers and operators - also highlighted its goal of reaching 1 billion tonnes of cargo handling by 2030. Speaking on the milestone, Gautam Adani, chairman of Adani Group, said ports are "not merely gateways for trade, they are gateways to national confidence, competitiveness and destiny." In a statement, the firm said it was a "defining moment" which showcased India's "infrastructure ...Read More >
New Delhi, Apr 3 (PTI) Billionaire Gautam Adani on Friday said his conglomerate's port arm is targeting cargo volumes of 1 billion tonnes by 2030, after the company surpassed 500 million tonnes milestone, underscoring the rapid scale-up of India's largest port operator. Speaking on the occasion of Adani Ports and Special Economic Zone (APSEZ) crossing the milestone, Chairman Adani said the group's ports network has expanded into an integrated system of 20 ports across India and international lo ...Read More >
The All India Bank Employees' Association (AIBEA) has written to Finance Minister Nirmala Sitharaman seeking a comprehensive inquiry into the issues raised by Atanu Chakraborty, former Part-Time Chairman of HDFC Bank, in his resignation letter. In his resignation letter dated March 17th, Chakraborty said that certain "happenings and practices" within the bank were not in congruence with his personal values and ethics. The Association has sought the government's intervention for assessing the g ...Read More >
Gurugram (Haryana) [India], April 2: VinFast has officially opened bookings for the VF MPV 7, a premium seven-seater electric MPV designed for Indian customers. With its spacious interior, smart technology, and strong practicality, this third VinFast model in the market is expected to fully meet everyday mobility needs with outstanding value proposition. It also reaffirms the company's long-term commitment to developing a comprehensive green mobility ecosystem in India, delivering smart, modern, ...Read More >
NewsVoir Gurugram (Haryana) [India], April 2: VinFast has officially opened bookings for the VF MPV 7, a premium seven-seater electric MPV designed for Indian customers. With its spacious interior, smart technology, and strong practicality, this third VinFast model in the market is expected to fully meet everyday mobility needs with outstanding value proposition. It also reaffirms the company's long-term commitment to developing a comprehensive green mobility ecosystem in India, delivering smar ...Read More >
Mumbai, April 2: Rizwan Sajan, the founder and chairman of the Dubai-based Danube Group, has publicly dismissed fears of layoffs within his organisation. In a message shared on Instagram earlier this week, the Indian-born billionaire pledged that his workforce of over 6,000 employees would remain secure despite growing regional tensions and economic uncertainty in West Asia. The announcement comes on the heels of the high-profile launch of "Shahrukhz by Danube," a 55-storey luxury commercial to ...Read More >
The Jogindra Group plans a ₹1,100 crore investment in Punjab to expand steel production and renewable energy capacity, boosting turnover, employment, and cleaner manufacturing under the Bhagwant Mann government. Punjab's push for industry and clean power gains momentum as Jogindra Group confirms a ₹1,100 crore expansion plan in the state. The move is expected to strengthen manufacturing, scale up renewable energy capacity and support new employment under the current Bhagwant Mann Government. ...Read More >
New Delhi: Punjab Cabinet Minister for Industries & Commerce, Investment Promotion, Power & Local Government Sanjeev Arora shared that Jogindra Group has announced a strategic expansion plan worth ₹1,100 crore, giving a major boost to Punjab's industrial growth and green energy transition. He stated that this investment reflects the growing confidence of industry in Punjab's progressive policies and business-friendly environment. Sanjeev Arora said that this investment reflects the growing conf ...Read More >
New Delhi [India], April 1 (ANI): ITC Limited has formally announced that Sproutlife Foods Private Limited, the manufacturer of the health-focused brand Yoga Bar, has become its subsidiary effective April 1, 2026. The Kolkata-headquartered conglomerate confirmed this in a regulatory filing, marking a significant milestone in its multi-year acquisition strategy for the nutrition-led food brand. According to the filing, ITC "with effect from today i.e., 1st April, 2026 has acquired the right to n ...Read More >
The Vedanta demermger will transform the Mumbai-listed company into a series of pureplay companies spanning aluminium, zinc, oil and gas, steel, and power, Agarwal told the Financial Times, giving them a "free hand to grow". He anticipates a significant rerating of the group's assets. While the conglomerate's current market capitalisation sits at roughly $27 billion, Agarwal suggested that the combined valuation of the independent entities could double. Under the new arrangement, a private pare ...Read More >
New Delhi: Anil Agarwal-owned Vedanta has moved the Supreme Court, seeking stay on the Adani Group's ₹14,500-crore debt resolution plan for now insolvent Jaiprakash Associates (JAL). Challenging the rejection of its revised bid, Vedanta told the apex court that the insolvency process lacked transparency and failed to maximise value for creditors. It alleged that the process followed by the JAL's committee of creditors in approving the plan of Adani Enterprises (AEL) was "unfair, opaque, and ine ...Read More >
The demerger is designed to create independent, sector-focused companies with their own balance sheets and leadership teams. Management believes that this will allow each business to pursue tailored growth strategies, attract specialised investors and be valued more accurately by the market. The approval by National Company Law Tribunal (NCLT) of Vedanta Ltd's long-awaited demerger plan on Tuesday, marks a defining moment for one of India's largest natural resources conglomerates. The tribunal' ...Read More >
New Delhi: Fair trade regulator CCI on Tuesday cleared conglomerate ITC Ltd's proposal to acquire the pulp and paper business of Aditya Birla Real Estate Ltd (ABREL) for Rs 3,498 crore. The development came after ABREL in March this year announced that its board has approved the execution of the business transfer agreement for the divestment of the pulp and paper undertaking situated in Lalkuan, Uttarakhand, by way of a slump sale to ITC. The Competition Commission of India (CCI) said it has ap ...Read More >
The Competition Commission of India has approved ITC Ltd's Rs 3,498-crore acquisition of Aditya Birla Real Estate's pulp and paper business in Uttarakhand. The slump-sale deal will transfer Century Pulp and Paper to ITC. ABREL said the divestment will unlock value and allow sharper focus on its core real estate business, while ITC strengthens its paperboards and packaging segment. New Delhi: Fair trade regulator CCI on Tuesday cleared conglomerate ITC Ltd's proposal to acquire the pulp and pape ...Read More >
NEW DELHI -- At least half a dozen executives from top Indian arms makers, including Adani Defense and Bharat Forge, attended rare meetings in Russia this year to discuss potential joint ventures, three people familiar with the matter said. The meetings took place during the first visit of India's defense business leaders to Russia since Moscow's 2022 invasion of Ukraine. The visit by the defense business leaders had not previously been reported. The Indian government is seeking to reorientate ...Read More >
Vedanta's plan to demerge its oil-to-metals conglomerate into five separate listed entities has received approval from the National Company Law Tribunal (NCLT). This development comes despite earlier concerns from the government regarding the recovery of dues. Following the news, Vedanta's shares turned positive, rising 3.5%. The National Company Law Tribunal (NCLT) on Tuesday approved the Vedanta demerger plan, paving the way for the splitting of the metals-to-oil conglomerate sector-specific ...Read More >
CHENNAI: Vedanta Ltd on Tuesday received a crucial legal clearance from the Mumbai bench of the National Company Law Tribunal, paving the way for the breakup of the diversified oil-to-metals conglomerate into five separate businesses, the company confirmed in a clarification sought by stock exchanges. The approval marks a major milestone in a restructuring exercise that the company has pursued for over two years, aimed at simplifying its corporate structure and sharpening the strategic focus of ...Read More >
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