Major stock markets in China, India, and Hong Kong are lagging in the global AI race, with top companies now holding a smaller market share. This contrasts with Taiwan and South Korea, where AI leaders have significantly boosted their benchmarks.…
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HDFC Bank’s board is poised to reappoint Sashidhar Jagdishan as MD & CEO for a third term following external legal reviews clearing the bank of concerns raised by a former chairman. While the board and Macquarie Capital support Jagdishan, the…
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India’s quick-commerce market is back in a discounting spiral. Amazon and Flipkart are turning up the heat, but incumbents Blinkit and Swiggy Instamart are largely refusing to dive into the price war as they prioritise profitability, industry executives said.
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CEAT anticipates sustained double-digit volume growth for the next three to five years, despite recent price hikes to offset rising raw material costs. CFO Kumar Subbiah highlighted that natural rubber prices remain at a 15-year high, impacting margins. The company…
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The Reserve Bank of India is pushing banks to offer better foreign exchange rates for individuals and small businesses. A new platform allows direct trading at inter-bank rates, aiming to eliminate the higher mark-ups previously charged. This move seeks to…
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A three-decade-old family pact dividing the Vadilal ice cream brand is now a legal battleground. The Mumbai branch has sued the Ahmedabad branch in Bombay High Court, seeking to prevent interference with its ice cream and juice business. Allegations of…
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