OpenAI COO Shifts Out of Role, AGI CEO Taking Medical Leave
OpenAI COO Shifts Out of Role, AGI CEO Taking Medical Leave
Summary: OpenAI’s chief operating officer is shifting into a new role and two other top executives are going on leave due to health reasons, marking a major change to its executive bench ahead of a potential Wall Street debut as soon as this year.
Raw dairy farm recalls some cheese products as FDA investigates E. coli outbreak
Raw dairy farm recalls some cheese products as FDA investigates E. coli outbreak
Summary: Raw dairy farm recalls some cheese products as FDA investigates E. coli outbreak
OpenAI makes surprise media acquisition ahead of IPO. Why it will fail.
OpenAI makes surprise media acquisition ahead of IPO. Why it will fail.
Summary: The ChatGPT developer has bought online talk show TBPN. It’s a deal that could backfire for the artificial-intelligence start-up.
Consumer megadeals make a rare comeback in the first quarter
Consumer megadeals make a rare comeback in the first quarter
Summary: CONSUMER-M
HDFC Bank may not take legal action on Atanu Chakraborty, to focus on issues raised in resignation letter — Report
HDFC Bank may not take legal action on Atanu Chakraborty, to focus on issues raised in resignation letter — Report
Summary: While the chances to seek damages from Chakraborty is unlikely at the moment as per the report, HDFC Bank's Board of Directors has mandated external law firms to independently examine governance processes.
Elon Musk's SpaceX eyes more than $2 trillion valuation in likely record-breaking IPO: Report
Elon Musk's SpaceX eyes more than $2 trillion valuation in likely record-breaking IPO: Report
Summary: SpaceX aims for an IPO valuation over $2 trillion, potentially the largest market debut ever. The company confidentially submitted its draft papers for a public listing earlier this week. Details here.
Microsoft plans $10 billion investment in Japan to grow AI, train 1 million workers by 2030
Microsoft plans $10 billion investment in Japan to grow AI, train 1 million workers by 2030
Summary: The investment made by Microsoft in Japan will see the company training 1 million engineers and developers by 2030, it said. The plan was unveiled during a visit to Tokyo by Vice Chair and President Brad Smith.
Who is Sharon Pais? Flipkart executive likely to take over as Myntra CEO after Nandita Sinha exits
Who is Sharon Pais? Flipkart executive likely to take over as Myntra CEO after Nandita Sinha exits
Summary: Myntra CEO Nandita Sinha will step down after over a decade, ahead of Flipkart's IPO. Sharon Pais is likely to replace her. All about the executive who will take over Myntra.
OpenAI expands into media with TBPN acquisition — read Fidji Simo's full message to team
OpenAI expands into media with TBPN acquisition — read Fidji Simo's full message to team
Summary: The acquisition of TBPN came as somewhat of a surprise, given that OpenAI had not previously indicated any plans to enter the media business. Here's everything you need to know about the deal.
Faith tech firms chase growth in $35 billion market with product push
Faith tech firms chase growth in $35 billion market with product push
Summary: As digital spirituality platforms expand into commerce, they are testing whether products can drive retention and revenue while navigating unorganized supply chains and counterfeit risks.
The US-Iran war opens a rare sweet spot for India’s space startups
The US-Iran war opens a rare sweet spot for India’s space startups
Summary: Geopolitical tensions are fueling a surge in demand for satellite surveillance data.
Exodus, revenue strain cloud Birlasoft CEO's Angan Guha’s turnaround plan
Exodus, revenue strain cloud Birlasoft CEO's Angan Guha’s turnaround plan
Summary: Under Angan Guha’s watch, Birlasoft's revenue grew at a CAGR of 3.35% between FY23 and FY25, which is among the lowest for a software services provider generating $500 million to $1.5 billion in revenue.
In a shifting world, this is India’s leadership moment, says McKinsey global chief
In a shifting world, this is India’s leadership moment, says McKinsey global chief
Summary: Resilience, talent and new technology opportunities could help India lead in a volatile and multipolar global economy, says Bob Sternfels, global managing partner at McKinsey & Co.
Ex-Centerview Banker Gets Deal to End US Insider-Trading Case
Ex-Centerview Banker Gets Deal to End US Insider-Trading Case
Summary: Federal prosecutors have reached a settlement to eventually drop criminal charges against a former Centerview Partners LLC investment banker who was accused of participating in an international insider-trading ring and has been living in her native Thailand for years.
Emami to acquire 100% stake in Axiom Ayurveda, maker of Alofrut flavoured drink: Here are the details
Emami to acquire 100% stake in Axiom Ayurveda, maker of Alofrut flavoured drink: Here are the details
Summary: Emami is set to acquire the remaining stake in Axiom Ayurveda for up to ₹200 crore, bringing its total ownership to 100%. Details of the deal here.
TVS Venu Group to acquire PGIM's India asset management unit
TVS Venu Group to acquire PGIM's India asset management unit
Summary: PGIM India AMC, formerly DHFL Pramerica Mutual Fund, managed assets worth ₹30,000 crore as of December 2025.
Cyrus Poonawalla buys Ravi Varma painting for ₹167 crore: Check Serum Institute founder's net worth, assets
Cyrus Poonawalla buys Ravi Varma painting for ₹167 crore: Check Serum Institute founder's net worth, assets
Summary: Cyrus Poonawalla made headlines after buying Ravi Varma's famous painting, Yashoda and Krishna, for ₹167.2 crore, setting a record in Indian art. Here's all you need to know about the Serum Institute of India founder, his net worth, assets, and more.
Tesla sales rise after brutal year of Musk boycotts but still fall short of expectations
Tesla sales rise after brutal year of Musk boycotts but still fall short of expectations
Summary: Tesla sales rise after brutal year of Musk boycotts but still fall short of expectations
Emcure halves price of its semaglutide weight loss drug Poviztra after Novo Nordisk patent expiry — check new rates
Emcure halves price of its semaglutide weight loss drug Poviztra after Novo Nordisk patent expiry — check new rates
Summary: Emcure Pharmaceuticals has reduced the price of its weight management drug Poviztra to ₹3,999 per month, effective 3 April 2026. The move follows increased competition after semaglutide's patent expiration in India. Details here.
Quote of the day by Shiv Nadar: ‘The most important thing is to be able to…’
Quote of the day by Shiv Nadar: ‘The most important thing is to be able to…’
Summary: Shiv Nadar's words suggests that progress – in its truest essence – arises from challenging conventional thinking. It's about stepping back, observing, and finding new angles or perspectives on existing problems or opportunities
Oracle layoffs: Ex-employee alleges algorithm targeted senior executives with unvested stock
Oracle layoffs: Ex-employee alleges algorithm targeted senior executives with unvested stock
Summary: Oracle has offered severance pay to 30,000 laid-off employees, amounting to four weeks' salary plus additional weeks based on tenure. The layoffs were part of a cost-cutting strategy that affected 19% of the workforce and aimed to fund AI data centres.
Marico forecasts double-digit growth in Q4 operating profit, shares rise 2.5%
Marico forecasts double-digit growth in Q4 operating profit, shares rise 2.5%
Summary: For the quarter ending 31 March, the firm projects consolidated revenue growth in the low twenties, with an expected sequential rise in gross margins due to falling prices for copra, a primary raw material.
Investor demand for branded plots remains strong, says Abhinandan Lodha
Investor demand for branded plots remains strong, says Abhinandan Lodha
Summary: Even though home sales in India have started showing signs of tapering, Abhinandan Lodha said demand for the company's plotted sales businsess continues to grow
Hard luggage, soft sales: Why your parents’ favourite suitcase brand is falling behind
Hard luggage, soft sales: Why your parents’ favourite suitcase brand is falling behind
Summary: As legacy giant VIP buckles under losses and a sinking stock, Safari and D2C luggage startups have seized the momentum. Explore how identity, e-commerce, and premium hard-shells upended India’s most iconic suitcase brand.
Mint Explainer | Can this startup make 10-minute delivery finally work?
Mint Explainer | Can this startup make 10-minute delivery finally work?
Summary: Hara Global and Bain Capital-backed startup Swish has raised about $38 million, nearly doubling its valuation. So what is it doing differently to attract investor interest? Can the 10-minute food delivery finally crack unit economics?
West Asia's escalating crisis begins to stall capital flows into India-focused VC funds
West Asia's escalating crisis begins to stall capital flows into India-focused VC funds
Summary: The slowdown can come as a rude shock after India-focused funds raised a record $23.2 billion in 2025, according to a March report by Ernst & Young. In fact, February alone saw $2.6 billion raised across 14 funds—more than double the $1.2 billion recorded a year earlier.
Stolen Renoir, Cézanne and Matisse were probably uninsured, market sources say
Stolen Renoir, Cézanne and Matisse were probably uninsured, market sources say
Summary: ITALY-ART/INSURANCE (REPEAT):RPT-Stolen Renoir, Cézanne and Matisse were probably uninsured, market sources say
As global uncertainty clouds outbound travel, five-star hotels look to cash in on India’s summer holiday
As global uncertainty clouds outbound travel, five-star hotels look to cash in on India’s summer holiday
Summary: Amidst global travel uncertainties, Indian travelers are increasingly choosing domestic destinations. Hotels are adapting by offering premium packages and longer stays, with a focus on curated experiences rather than discounts, reflecting a shift towards high-value leisure demand.
Adani Ports crosses 500 MT million tonnes cargo handling milestone — What it means?
Adani Ports crosses 500 MT million tonnes cargo handling milestone — What it means?
Summary: Adani Ports and Special Economic Zone Ltd has surpassed 500 million tonnes of cargo handled, marking significant growth since 1998. The company aims to reach 1 billion tonnes by 2030, supported by its extensive network of 19 ports and integrated logistics capabilities.
India's top consulting and audit firms hit by AI and war; job cuts, hiring freeze loom
India's top consulting and audit firms hit by AI and war; job cuts, hiring freeze loom
Summary: Consulting and auditing firms are slowing hiring and cutting jobs due to AI automation and reduced client demand linked to the West Asia war. Research and production services roles face the biggest impact, while hiring shifts toward AI, data, and risk-focused positions.
March collapse reverses India Inc.’s capex momentum
March collapse reverses India Inc.’s capex momentum
Summary: New project announcement drop 13% to ₹44 trillion after public and private capex announcements plummeted by more than 50% year-on-year in the last quarter as the West Asia war soured sentiment.
Mahindra's no. 2 spot under threat as Tata Motors gathers momentum
Mahindra's no. 2 spot under threat as Tata Motors gathers momentum
Summary: According to Mint’s review of the government's Vahan portal data, Tata Motors PV sold about 408,000 cars between September, when the govt cut GST, and March, higher than the 396,000 units sold by Mahindra and Mahindra.
Oracle’s layoffs signal deepening AI threat for software firms and employees
Oracle’s layoffs signal deepening AI threat for software firms and employees
Summary: Mint learns that about 12,000-15,000 of Oracle’s layoffs will be in India, which has a total of 30,000 employees, according to at least four people with knowledge of the matter.
Sonos Makes Marketing Cuts as New CMO Reshapes Division
Sonos Makes Marketing Cuts as New CMO Reshapes Division
Summary: Sonos Inc. eliminated jobs on its marketing team Wednesday, with new Chief Marketing Officer Colleen DeCourcy telling employees that the division “had grown into something too diffuse to move at the speed this brand needs.”
‘Built in the 1940s to count tanks’: Nithin Kamath questions if GDP is right measure of progress
‘Built in the 1940s to count tanks’: Nithin Kamath questions if GDP is right measure of progress
Summary: Zerodha founder and CEO Nithin Kamath has debated reliance on GDP as a measure of economic growth and progress, noting its shortcomings when it comes to reflecting public welfare and the environment.
