Months after laying off nearly 15,000 employees worldwide, Microsoft has quietly taken another step that reflects a deeper cultural and strategic shift inside the company. The technology giant has shut down its internal office library and discontinued access to several paid news and research publications, ending a long-standing resource that…
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Steel Prices Rise Again After Import Curbs Boost Demand
Mumbai: Indian steel prices have increased for the second time in January as domestic producers capitalised on import restrictions, reviving construction demand and tight market inventories. Domestic steelmakers have raised prices twice within a span of two weeks in January, following the Centre’s decision to impose a safeguard duty on…
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Tiger Global Ruling Shakes Mauritius Investment Route
The long-preferred Mauritius route for foreign investments into India may no longer offer the certainty it once did. A recent Supreme Court ruling upholding a ₹14,500 crore tax demand against US-based investment firm Tiger Global has triggered widespread concern among venture capital and private equity investors operating through treaty jurisdictions….
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Reliance Q3 FY26 Results: Marginal Profit, 11% Growth
Reliance Industries Limited (RIL), led by Chairman Mukesh Ambani, reported a marginal rise in consolidated net profit for the third quarter of FY26, even as revenues recorded double-digit growth. The diversified conglomerate posted a profit of ₹18,645 crore for the December quarter, marking a 0.56% increase year-on-year, while revenue from…
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NMIA Handles 1 Lakh Passengers in 19 Days
The Adani Group-backed Navi Mumbai International Airport (NMIA) has reached a significant operational milestone by handling over one lakh passengers within just 19 days of starting commercial flight services. The achievement underlines the strong travel demand in the Mumbai Metropolitan Region and signals a promising future for India’s newest greenfield…
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China Halts Solar Subsidies, India Set to Shine
China’s decision to phase out export subsidies on solar products could mark a turning point for India’s renewable energy manufacturing sector. The move, announced earlier this month, is expected to narrow the cost gap between Chinese and Indian solar equipment, potentially opening global export opportunities for Indian firms. From April…
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Oil Prices Rise as Iran Supply Fears Offset Venezuela Exports
Global oil prices extended their rally on Wednesday, rising for a fifth consecutive session as fears of potential supply disruptions from Iran overshadowed signs of increasing output elsewhere. Markets remained on edge amid growing concerns that escalating tensions between the United States and Iran could disrupt crude flows from the…
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IHG Sets Bold Goal: 400 Hotels in India by 2030
IHG Hotels & Resorts has unveiled an ambitious expansion roadmap for India, aiming to scale its portfolio to 400 hotels that are either operational or under development by 2030. The strategy reflects the British hospitality giant’s confidence in India’s fast-growing travel and tourism sector, driven by a strong rebound in…
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India WPI Inflation Rises to 0.83% in December 2025: DPIIT Data
India’s wholesale inflation returned to positive territory in December 2025, with the Wholesale Price Index (WPI) recording an annual inflation rate of 0.83 percent, according to provisional data released by the Department for Promotion of Industry and Internal Trade (DPIIT). This marks a notable shift after several months of subdued…
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CCI Clears ChrysCapital-Led Acquisition of Nash Industries
The Competition Commission of India (CCI) has granted approval for the acquisition of a stake in Nash Industries (I) Private Limited by a consortium of private equity investors led by ChrysCapital Fund X, along with Two Infinity Partners and Blue Wave Investments Limited. The regulatory clearance marks a significant development…