Nearly the entire incremental profit growth at Reliance Retail in the last fiscal year stemmed from the conversion of an interest-bearing loan from its parent to a zero-coupon instrument that…
Category: Companies
Amazon tells staff to stop using AI just to use AI after shutting down its token leaderboard
The tech giant deprecated its employee-built “KiroRank” ranking system after concluding it was pushing staff to inflate AI activity rather than solve genuine business problems, as major corporations across Silicon…
SEC moves to repeal rule that requires companies to report greenhouse gas emissions and climate risk
WASHINGTON (AP) — In the latest action to undo Biden-era regulations on climate change, the Securities and Exchange Commission on Friday proposed repealing a rule that their greenhouse gas emissions…
Codelco Chair Signals Shift Toward Copper Profit Over Growth
(Bloomberg) — Codelco’s new chairman signaled a shift toward profitability over production volume at his first board meeting leading the Chilean state-owned copper giant. “Our mandate is not to produce…
Pocket FM sees another senior-level exit as SVP Mayank Sancheti resigns
Audio entertainment platform Pocket FM is witnessing another senior-level exit, with Mayank Sancheti, Senior Vice President, stepping down from his role, according to the sources aware of the matter. Sancheti…
Rupee rout grounds IndiGo, airline slips to FY26 loss
A sharp fall in the rupee against the dollar, along with weak demand, hurt IndiGo’s financial performance as the country’s largest airline swung to losses, a first after it reported…
Asian Paints flags West Asia war as demand risk despite strong FY26 earnings
Asian Paints Ltd joined its peers to flag the West Asia war as a near-term uncertainty on demand, even as the country’s largest paintmaker reported revenue from operations ahead of…
Sebi slaps ₹29 crore penalties on Suzlon Energy, former executives for financial misrepresentation
The Securities and Exchange Board of India (Sebi) has imposed penalties on Suzlon Energy and several of its executives, alleging that the company used a series of intra-group transactions to…
Skoda Auto Volkswagen announces Sri Lanka launch as OEMs expand export playbook
In a move reflecting India’s growing role as a regional manufacturing hub, Skoda Auto Volkswagen India Private Ltd (SAVWIPL) on Friday, announced the launch of the Volkswagen brand in Sri…
Supreme Court GST ruling pushes real-money gaming firms towards survival battle
The Supreme Court’s decision upholding the 28 per cent goods and services tax (GST) levy on real-money gaming platforms, including its retrospective application, has intensified fears of insolvencies and shutdowns…