Godrej Aerospace is aiming for a significant business expansion this fiscal year, projecting nearly 30% growth in revenue as demand accelerates across India’s defence, aerospace, and aviation industries. To support its growing order pipeline and long-term manufacturing ambitions, the company has announced plans to establish a new production facility outside Mumbai. The move reflects the...
India’s Global Capability Centres (GCCs) are undergoing a significant transformation, evolving from traditional back-office support hubs into strategic innovation engines for multinational enterprises. These centres are increasingly being entrusted with high-value responsibilities in artificial intelligence development, product engineering, and technology governance, reflecting a broader shift in how global corporations structure their digital operations. Once primarily...
The Indian rupee came under significant pressure in early trading on Wednesday, declining by 28 paise to reach 94.77 against the US dollar in the interbank foreign exchange market. The sharp fall reflected mounting global uncertainties, persistent demand for the American currency from importers, and cautious investor sentiment in international financial markets. Currency traders indicated...
Global IT services company Cognizant is reportedly preparing for a significant workforce reduction, with plans to lay off approximately 15,000 employees as part of a broader restructuring initiative aimed at improving operational efficiency and aligning with evolving business priorities. The restructuring exercise is understood to be part of the company’s ongoing efforts to streamline its...
Shares of Vedanta Ltd have witnessed a notable upward trajectory, climbing approximately 9% over a span of four trading sessions, fueled by growing investor optimism surrounding the company’s ongoing demerger strategy. The rally reflects renewed market confidence as the restructuring plan is increasingly viewed as a potential value-unlocking exercise for shareholders. The proposed demerger, which...
India is preparing to recalibrate its economic strategy in response to an increasingly protectionist global trade environment, with Chief Economic Advisor V. Anantha Nageswaran advocating the creation of a robust national supply chain security framework. His remarks signal a shift toward building institutional safeguards to protect India’s economic interests amid tightening global regulations and geopolitical...
Nearly two years after regulatory restrictions halted the core operations of Paytm Payments Bank, an estimated ₹800 crore remains stuck within the system, raising fresh concerns about unresolved financial liabilities and the long tail of regulatory intervention in India’s fintech sector. The situation stems from the Reserve Bank of India’s decisive action in early 2024,...
In a significant regulatory action, the Reserve Bank of India has cancelled the banking licence of Paytm Payments Bank, marking a major development in India’s financial and fintech landscape. The decision, which came into effect on April 24, effectively bars the payments bank from carrying out banking operations under the provisions of the Banking Regulation...
Bank customers across India, particularly those with accounts at the State Bank of India (SBI), have been cautioned about a recurring cyber fraud that exploits unsuspecting users through deceptive messages and malicious app files. The scam, which continues to circulate on messaging platforms such as SMS and WhatsApp, involves fraudsters impersonating SBI and urging recipients...
The national cyber-security agency, CERT-In, has issued a high-severity alert for users of the popular web browsers Google Chrome and Mozilla Firefox, warning that outdated versions of these applications could allow hackers to gain full control of users’ devices. The advisory urges all desktop users—especially those on Windows, macOS and Linux—to update immediately to the latest...