A bench led by Justice PS Narsimha sought a response from the income tax department on appeals filed by Ernst & Young US LLP challenging a Delhi High Court order issued in June, which treated cost-to-cost reimbursements amounting to Rs…
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Global Capability Centres in India are transitioning into AI capability hubs, significantly increasing salaries for digital professionals. The focus of GCCs is shifting from execution to innovation and strategic capabilities. Reports indicate that AI talent in India commands a significant…
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Kotak Mahindra Bank’s net interest margin fell to 4.31 per cent in Q2 FY27 from 4.53 per cent in the previous quarter, with FCNR(B) deposits and related advances accounting for around 15 bps of the decline. The bank expects the…
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Ather Energy reported a profit after tax of Rs 1.26 crore for Q3, showcasing its commitment to growth. The ambitious plan to boost production capacity by 2.25 lakh units by Q2 2027 reflects its market optimism. Despite rising costs, EBITDA…
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Jyoti Structures has announced new orders worth Rs 949.35 crore from Power Grid Corporation of India. These orders are for the construction of HVDC transmission lines in Rajasthan, specifically under the Bipole Barmer-II and South Kalamb projects. The company is…
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Meta Platforms plans to introduce publicly traded non-voting Class C shares to fund AI investments, acquisitions and employee compensation while preserving Mark Zuckerberg’s voting control. The proposed one-for-one share distribution is expected to begin trading in January 2027.
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