India’s auto component sector has raised urgent concerns over the escalating rare earth magnet crisis, calling for a cohesive national strategy to secure supplies as China’s tightening export controls threaten to disrupt global automotive, electronics, and clean energy supply chains. Industry leaders warn that failure to act swiftly could derail India’s EV growth targets, local…
In a significant policy decision impacting the steel trade ecosystem, India has deferred the implementation of tighter quality control measures on finished steel imports following extensive concerns raised by smaller importers and user industries. The move comes just weeks before the original enforcement deadline, highlighting the government’s pragmatic approach to balancing quality assurance with economic…
In a major development indicating strong founder confidence and strategic financial restructuring, Lenskart co-founder and CEO Peyush Bansal is reportedly set to acquire company shares at a valuation of around $1 billion. This is a steep discount compared to the eyewear unicorn’s targeted valuation of $10 billion for its upcoming initial public offering (IPO), according…
Tesla shareholders have urged the electric vehicle giant’s board of directors to rein in CEO Elon Musk following the launch of his new political party, which triggered a sharp fall in Tesla’s stock price this week. The development marks fresh concerns about Musk’s distractions beyond Tesla, at a time when the company is already grappling…
The Indian equity market witnessed a volatile session on Tuesday with the Nifty IT index ending marginally lower by 0.01% amid weakness in broader indices. The BSE Sensex closed down by 426.87 points at 79,025.75 while the Nifty50 shed 108.75 points to settle at 23,915.55 as investors booked profits after a sharp rally in previous…
Capgemini CEO Aiman Ezzat has issued a pragmatic caution to global businesses investing aggressively in artificial intelligence, stating that not all AI implementations deliver positive returns on investment (ROI). Speaking at the company’s quarterly analyst call and in recent interviews, Ezzat emphasised that while AI remains transformational, poor use-case selection, lack of data readiness, and…
In an unexpected yet widely appreciated move, Zomato co-founder and CEO Deepinder Goyal personally stepped in as a customer support executive after a viral social media post criticised the food delivery giant’s automated support system for being unresponsive and robotic. The incident has sparked widespread debate on the limitations of AI-powered customer service and the…
Anthem Biosciences Ltd, one of India’s fastest-growing Contract Development and Manufacturing Organisations (CDMO), is all set to launch its ₹3,395-crore Initial Public Offering (IPO) on July 14, marking one of the largest pharma sector listings in 2025. Backed by private equity major True North, the Bengaluru-based company aims to strengthen its financial position, augment capacity,…
KRBL Limited, India’s largest basmati rice exporter, is diversifying its portfolio by venturing into the blended edible oil segment, aiming to generate ₹200-300 crore in revenue from the new business vertical within the next two years. This strategic move is part of the company’s efforts to reduce overdependence on rice exports and leverage its strong…
The Initial Public Offering (IPO) of Travel Food Services Ltd (TFS), India’s leading travel food and beverage operator, was subscribed 25% at the end of Day 2. The subscription data indicates a slow start to the ₹1,200-crore issue as investors evaluate valuation metrics, business growth prospects, and competitive risks in the airport retail and F&B…
