13 Firms Seek More Karnataka Incentives for Investments
Thirteen companies are in talks with the Karnataka government for additional incentives on their investments, aiming for a mutually beneficial outcome without overburdening state finances.
Category : Corporate News
GIFT City Rises as Global Treasury Hub Amid Geopolitical Tensions
GIFT City in Gujarat is attracting over 15 global entities for treasury operations, leveraging its IFSC status amid Middle East tensions. Companies seek regulatory stability and cost efficiency.
DRI Seizes Dubai Parcels at Surat SEZ in Import Fraud Investigation
The Directorate of Revenue Intelligence seized 16 parcels from Dubai at Surat SEZ, suspected of misdeclaring gems and jewellery worth millions. A wider probe into import irregularities and money laundering links is underway.
Invest UP, Coca-Cola India, SLMG Beverages Sign MoU for Sustainability
Invest UP has signed an MoU with Coca-Cola India and SLMG Beverages to boost community development and environmental sustainability in Uttar Pradesh through water access, waste management, and skill programs.
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Gates Foundation Under Review in Epstein Probe
The Bill & Melinda Gates Foundation has initiated an external review of its past interactions with Jeffrey Epstein, following DOJ document releases. Bill Gates denies wrongdoing, citing philanthropic motives only.
LinkedIn Names Daniel Shapero as New CEO
LinkedIn has announced the appointment of Daniel Shapero as its new Chief Executive Officer, effective February 5, 2024. Shapero, a long-time insider, succeeds Ryan Roslansky, who is stepping down after four years in the role.
Tech Mahindra Q4 Net Profit Jumps 16% to Rs 1,354 Cr
Tech Mahindra reports a 16% increase in Q4 net profit to Rs 1,354 crore, driven by strong performance in key sectors. Revenue rises 1.2% to Rs 13,101 crore, with growth in communications and enterprise segments.
Tech Mahindra Q4 Net Profit Up 16% to Rs 1,354 Crore
Tech Mahindra reports a 16% year-on-year rise in net profit to Rs 1,354 crore for Q4 FY26, driven by strong performance in key sectors and cost optimization.
Gates Foundation to Cut 500 Jobs, 20% of Workforce by 2030
The Bill & Melinda Gates Foundation has begun informing employees about upcoming layoffs, planning to cut up to 500 positions (20% of workforce) by 2030 as part of restructuring and cost-control efforts.
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Momentum EBITDA Positive, 85% Repeat Rate in FY26
Momentum reports positive EBITDA and an 85% customer repeat rate in FY26 halves, while cutting its cash conversion cycle amid a 3.3x revenue surge, signaling strong operational efficiency.
McDonald's UK CEO: Staff Complaints Continue After Harassment Scandal
McDonald's UK and Ireland CEO Lauren Schultz acknowledges ongoing staff complaints years after a major sexual harassment scandal, despite company reforms and new safeguards.
Indian Schools Not Ready for New Programme, Change Begins
Indian schools were unprepared for a new educational programme, but recent reforms and initiatives are starting to bridge the gap, transforming learning outcomes.
Realistic Realtors Unites Flex Workspace Leaders via Cricket League
Realistic Realtors launches Flex Cricket League 2026, bringing together leaders from the flexible workspace industry for networking and sportsmanship.
Indian Bank Picks Ebix Moneyware for GIFT City Custody
A leading Indian private bank has selected Ebix Technologies' Moneyware custody platform to power its operations at GIFT City, enhancing efficiency and security.
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Tech Mahindra FY26 Profit Up 13.15% to Rs 15,076 Crore
Tech Mahindra reported a 13.15% rise in FY26 net profit to Rs 15,076 crore, with revenue up 7.2% to Rs 56,815.4 crore. The company exceeded expectations, driven by communications and manufacturing verticals.
Velvex Renews LSG Partnership for Brand Boost
Velvex continues its partnership with Lucknow Super Giants for IPL 2025, reinforcing brand visibility and fan engagement through cricket sponsorship.
72-Year-Old Travels 1200 km by Road Ambulance for Heart Surgery
A 72-year-old man traveled 1200 km from Mumbai to Jaipur by road ambulance for successful valve replacement and angioplasty, highlighting medical travel challenges.
Mumbai Office Leasing Jumps 70% in 2025: JLL Report
India's commercial space market hit a record 83.3 million sq ft in gross leasing in 2025, with Mumbai seeing a 70% growth, driven by GCCs, infrastructure, and REITs.
360 ONE Names Anshuman Maheshwary as CEO of Alternatives
Wealth management firm 360 ONE appoints Anshuman Maheshwary as CEO of its alternatives business, aiming to expand its investment offerings and strengthen market position.
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HCLTech Q4 Results Mixed Amid AI Deflation, Market Volatility
HCLTech's March quarter revenue declined sequentially but grew year-on-year, with CEO citing macroeconomic challenges. The company highlights AI-led deflation impacting revenue, while scaling advanced AI services.
Fire at Rajasthan Refinery: NIA, ATS, Forensic Teams Probe Blaze
A day after a major fire at Rajasthan's Pachpadra refinery, security agencies including NIA, forensic teams, and state officials led by CM Bhajan Lal Sharma inspected the site. A 4-member probe team investigates why the fire extinguishing system failed.
Maharashtra Restructures MSEDCL, Plans Rs 10,000 Crore IPO
The Maharashtra government has approved a major restructuring of MSEDCL, including an IPO to raise up to Rs 10,000 crore and a new escrow mechanism for agricultural subsidies.
Fire at Pachpadra Refinery Triggers High-Level Investigation
A major fire at the Pachpadra refinery in Rajasthan has prompted a high-level investigation involving multiple agencies. The incident occurred just before PM Modi's scheduled inauguration, raising serious safety concerns.
Reliance Power CFO, 2 Others Arrested for Forgery
Delhi Police arrests Reliance Power CFO and two associates for alleged forgery and cheating, involving financial documents. Investigation ongoing.
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Nestle India Q4 Profit Jumps 26% on Record Domestic Sales
Nestle India reports a 26% rise in net profit to Rs 1114 crore for Q4 FY26, driven by record domestic sales of Rs 6445 crore, double-digit volume growth, and increased advertising spends.
Trump Hails Tim Cook's Career as Apple CEO Steps Down
Former US President Donald Trump lauds Apple CEO Tim Cook's 'almost incomparable' career as Cook announces his departure from the tech giant, highlighting their long-standing relationship and Cook's impact on Apple's global success.
Apple Stock Dips on CEO Transition from Cook to Ternus
Apple shares fell 1% as Tim Cook confirmed stepping down as CEO on September 1, moving to executive chairman, with John Ternus taking over amid AI challenges.
HCLTech Q4 Profit Up 4% to Rs 4,488 Crore
HCLTech reports a 4% increase in Q4 net profit to Rs 4,488 crore, but performance falls short of expectations due to softness in business segments and reduced discretionary spending.
India's Leave Rules: Labour Codes vs State Laws Explained
India's leave system is governed by overlapping labour codes and State laws, affecting earned leave, sick leave, and encashment. This article breaks down the complexities for employees and employers.
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IOCL: Stable Fuel Supply Despite Middle East Conflict
Indian Oil Corporation assures petrol and diesel supplies remain stable with 12-16 days of stock, though LPG delivery times have increased due to precautionary demand amid Middle East tensions.
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