Small companies with government contracts are urging the Centre to invoke force majeure due to overseas raw material supply disruptions caused by the Gulf war. Citing similarities to the Covid-19 period, they seek relief from penalties and timeline extensions. The…
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Tata Sons’ new ventures face a projected Rs 29,000 crore loss in FY26, a sharp increase from earlier forecasts. Air India and Tata Digital are major contributors to these mounting losses. Chairman Natarajan Chandrasekaran is expected to present a turnaround…
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Oil prices surged as President Trump issued a stern warning to Iran regarding the Strait of Hormuz, threatening severe consequences if it remains closed. Disruptions from Iran and Russia, coupled with OPEC+’s limited production increase, are fueling supply concerns and…
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India’s tech sector had 256,000 active job openings in April 2022-thanks tothe post-pandemic surge in IT services–and accounted for 83% of all hiring in the country. Tech’s share of total hiring has slumped to 49%, according to Xpheno’s Active Tech…
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Trusts CEO Siddharth Sharma asked the two vice-chairmen to step down from the Bai Hirabai JN Tata Navsari Charitable Institution, of which they are trustees, late last week. While Srinivasan, chairman of TVS Group, has stepped down, Singh, a former…
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Oil prices rose Tuesday while equities were mixed as investors assessed Donald Trump’s latest deadline for Iran to reopen the strategic Strait of Hormuz or be “decimated”. “Financial markets are oscillating in a narrow, uneasy range as traders sized up…
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