India’s passenger vehicle market reached unprecedented heights in FY26, with sales soaring to a record 4.7 million units, fueled by GST 2.0 and robust performances from leading automakers. Photograph: Petr Josek/Reuters Key Points India’s passenger vehicle sales hit a record
Fueled by festivals and the financial year’s end, Unified Payments Interface (UPI) transactions in India soared to a record high in March, showcasing the platform’s dominance in the digital payments landscape. IMAGE: Illustration: Dominic Xavier/Rediff.com Key Points UPI transactions in
IndiGo, India’s largest airline, has appointed William Walsh, the former British Airways chief, as its new CEO, signalling a new era of growth and transformation for the company. Key Points IndiGo appoints William Walsh, former British Airways CEO and current
Oracle is reportedly undergoing mass layoffs in India, impacting approximately 12,000 employees as the IT giant restructures its operations. Illustration: Dado Ruvic/Reuters Key Points Oracle has reportedly laid off approximately 12,000 employees in India as part of a global restructuring
A key mistake would be continuing to rely on provisions of the Income-Tax Act, 1961, where the new law now applies, and vice versa. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Key
Finance Minister Nirmala Sitharaman has affirmed that the Insolvency and Bankruptcy Code (IBC) is a pivotal force in enhancing the health of India’s banking sector and significantly improving the recovery of non-performing assets. Illustration: Dominic Xavier/Rediff Key Points Finance Minister
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns. Key Points HDFC Bank’s non-executive chairman Atanu Chakraborty and CEO Sashidhar Jagdishan were involved in a power struggle according to the
The contraction in total reserves was driven by a fall in gold reserves, which dropped $13.49 billion to $117.19 billion during the reported week. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes.
Tata Steel is strategically poised for significant growth, capitalising on India’s burgeoning steel demand, aggressive capacity expansion, and robust cost optimisation initiatives, alongside favourable global trade policies. Photograph: Andrew Yates/Reuters Key Points Tata Steel is well-positioned to benefit from India’s
JNS Cloud Solutions and upGrad Enterprise have launched the Africa AI Skilling Initiative, a collaborative effort to empower African talent with crucial AI skills and drive digital transformation across the continent. Photograph: Kind courtesy, Gerd Altmann/Pixabay Key Points JNS Cloud
