Goldman Sachs warns staff of more layoffs as AI saves costs| Business News

Goldman Sachs Group Inc. told staffers to expect an additional round of layoffs this year as the bank seeks further savings across its businesses and takes advantage of the opportunities presented by Artificial Intelligence. Goldman Sachs’ headcount was 48,300 at the end of September, about 1,800 more employees than at the end of last year. […]

Adani Group eyes dozens of Sahara assets to build land bank| Business News

Adani Properties is seeking court approval to acquire 87 properties including hotels and malls from Sahara Group, in a move that could bolster the Gautam Adani-led conglomerate’s real estate holdings. Adani Group Chairman Gautam Adani. (Bloomberg) Sahara Group, founded by the late Subrata Roy, is seeking to sell its hotels, shopping centres, and residential and […]

Does Sachin Tendulkar own this smallcap stock that’s soared 13,000% in a year? Company clarifies| Business News

Rumours of Sachin Tendulkar owning a certain smallcap stock have sent it soaring 13,000% in a year, so much so that the company has had to issue a clarification. Former India cricketer Sachin Tendulkar. (AFP) There’s circulation of misinformation that the legendary cricketer Sachin Tendulkar has invested in RRP Semiconductors Ltd., and “we feel because […]

Net profit up 4.7%, revenue up 4.8% on BFSI, manufacturing boost| Business News

Tech Mahindra Ltd. delivered on its key financials in the fiscal second quarter, aided by strength in its banking and manufacturing verticals, even as impact of US tariffs loomed. Tech Mahindra has announced an interim dividend of ₹15/share. (Reuters) Consolidated revenue of the Mahindra Group company rose 4.8% over the previous three months to ₹13,995 […]

IMF raises India GDP growth forecast for 2025-26 despite US tariff impact| Business News

India’s GDP will grow faster than estimated earlier despite the impact of US tariffs on Indian economy—the fourth largest in the world, according to the International Monetary Fund. A vegetable market in Ahmedabad. India’s sweeping GST reforms is set to boost consumption in the face of crippling US tariffs. (Reuters) IMF now sees India’s GDP […]

Google partners Adani, Airtel to build India’s largest AI data centre in Vizag| Business News

Adani Enterprises Ltd., Alphabet Inc.’s Google and Bharti Airtel Ltd. have come together to build India’s largest AI data centre in Visakhapatnam, as part of the Gemini creator’s $15-billion push into India’s AI landscape. Adani Group Chairman Gautam Adani. (Bloomberg) Adani ConneX, the data-centre joint venture of Adani Group and US-based Edge ConneX, along with […]

Timeline of Tata Motors demerger — from announcement to execution| Business News

Tata Motors Ltd. has completed the demerger of its passenger vehicle (PV) and commercial vehicle (CV) businesses, marking one of India’s largest auto restructurings in recent years. The process, which began in early 2024, culminated with the stock trading ex-demerger today. The Tata Motors demerger marks a pivotal step in its transformation into a dual-focused […]