The Enforcement Directorate (ED) has carried out search operations at premises associated with the Vedanta Group as part of an ongoing investigation into alleged violations of the Foreign Exchange Management Act (FEMA), intensifying regulatory scrutiny of one of India’s largest natural resources and mining conglomerates. According to officials familiar with the matter, the searches were...
The founder of Indian edtech giant BYJU’S has reportedly been sentenced to six months in prison by a Singapore court in a major legal setback that further deepens the company’s ongoing financial and governance crisis. The court’s decision came after findings related to contempt proceedings and alleged non-compliance with judicial directives, marking another significant blow...
The global retail industry is mourning the loss of Toshifumi Suzuki, the influential Japanese businessman widely credited with transforming the convenience store model into one of the most successful retail systems in the world. Suzuki died at the age of 93, leaving behind a legacy that reshaped shopping habits in Japan and inspired modern convenience...
The Indian rupee staged a notable recovery on Wednesday, gaining 41 paise against the U.S. dollar after previously falling to its weakest-ever closing level. The domestic currency settled at 96.45 per dollar, providing temporary relief to financial markets and import-dependent sectors amid ongoing global economic uncertainty and strong demand for the American currency. The rebound...
The Indian government has decided to continue restrictions on sugar exports until September 30, extending its policy aimed at safeguarding domestic supplies and keeping retail prices under control. The move comes as authorities remain cautious about food inflation, changing weather conditions, and the impact of fluctuating agricultural output on the country’s sugar balance. The export...
Global technology giant Cisco is preparing to eliminate approximately 4,000 positions as part of a broad restructuring initiative aimed at strengthening its artificial intelligence capabilities and streamlining operations for long-term growth. The move comes at a time when the company is witnessing a surge in customer demand and increased enterprise spending on AI-powered infrastructure solutions....
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...