RIL's Jio-bp curbs diesel fills as West Asia war strains supplies
Summary: Jio-bp has capped diesel sales at 50 litres per fill and limited pumps' daily sales as the prolonged West Asia war disrupts supplies and keeps oil prices high, potentially hitting bulk users such as long-haul trucks, buses and the farm sector.
A year after Nayara blip, Microsoft promises Indian clients full sovereign cloud and data control
Summary: The tech giant will grant Indian clients complete legal and technical authority over their cloud data, shielding operations from overseas sanction-led disruptions like last year's Azure outage at Nayara Energy.
Distressed Software Firm Symplr to Get Injection From Private Equity Backers
Summary: Private equity backers to Symplr Software have agreed to inject the firm with around $175 million of preferred equity as part of a revamp that creates multiple debt securities and extends the timeline for repayment.
Tesla to face trial over racial harassment and unequal pay at California factory- What is the case?
Summary: The California Civil Rights Department and Tesla's legal teams are scheduled to appear before state Superior Court Judge Peter Borkon in Oakland. The trial is expected to continue through October 30.
Paramount settles with US states to clear $110bn Warner Bros Discovery deal, says report—Check conditions, penalties
Paramount settles with US states to clear $110bn Warner Bros Discovery deal, says report—Check conditions, penalties
Summary: Paramount has settled with California and 11 other US states that sued to block its $110 billion acquisition of Warner Bros Discovery, a source told Reuters on Monday. The move clears one of the last hurdles to a deal that would reshape Hollywood.
SoftBank's OpenAI investment: Inside Masayoshi Son’s massive $11 billion gamble on ChatGPT's future
Summary: SoftBank Group plans to sell over $11 billion in bonds, aiming to raise $10 billion in dollar bonds and 1 billion euros for investments, including OpenAI. The deal may set new yield records. Recent activities include securing loans, highlighting its significant role in AI financing.
Beyond modern masters: Indian art is being reshaped by confident domestic buyers as auction market triples
Beyond modern masters: Indian art is being reshaped by confident domestic buyers as auction market triples
Summary: From ₹700 crore in 2020 to more than ₹2,400 crore in 2025, India's art auction market has tripled, widening its buyer demographics. Increased access to information has empowered collectors, while emerging private museums support a vibrant, growing ecosystem of artists and cultural institutions.
DailyObjects in talks to raise ₹350 crore led by Xponentia and Anicut Capital as demand for lifestyle tech grows
DailyObjects in talks to raise ₹350 crore led by Xponentia and Anicut Capital as demand for lifestyle tech grows
Summary: DailyObjects is finalising a ₹350 crore funding round led by Xponentia Capital and Anicut Capital at a valuation of about ₹1,000 crore, with funds going towards products and distribution.
ASML enters India: What does its Tata partnership mean for country’s semiconductor ambitions?
Summary: ASML’s expansion is closely connected with the development of India’s semiconductor ecosystem, particularly Tata Electronics’ upcoming 300 mm semiconductor fabrication facility in Dholera, Gujarat.
Kotak banker eyed for CEO role calls for shift from loans to bonds
Summary: Paritosh Kashyap, a veteran who has spent over three decades at the $43-billion private lender, believes that banks should be churning their portfolios, making loans or underwriting bonds and then downselling to others.
India’s defence push draws former govt scientists, repeat founders into startups
Summary: The government has been pushing for greater private-sector participation in defence manufacturing. Over the years, it has launched initiatives such as iDEX, ADITI and Make in India, besides earmarking 25% of the defence R&D budget for the private sector, to reduce import dependence.
Four hours at Bombay House: How five Tata Sons directors outflanked Noel Tata
Summary: The Tata scion left Bombay House believing Tata Sons had taken no decisions at last week’s crucial board meeting. Hours later, the board had reappointed N. Chandrasekaran as chair and moved towards RBI compliance.
Volvo Cars appoints Skoda Auto boss Klaus Zellmer as CEO, to replace Håkan Samuelsson: When will he take charge?
Volvo Cars appoints Skoda Auto boss Klaus Zellmer as CEO, to replace Håkan Samuelsson: When will he take charge?
Summary: Volvo Cars AB appointed Klaus Zellmer as CEO to replace Håkan Samuelsson, who will step down next year. Zellmer, previously CEO of Skoda Auto, will transition by Oct. 1, 2027, as Volvo revamps its strategy and product lineup amid competitive challenges.
Tata Sons listing is the real flashpoint, not Chandrasekaran’s reappointment, says Harish Salve: Report
Tata Sons listing is the real flashpoint, not Chandrasekaran’s reappointment, says Harish Salve: Report
Summary: Senior advocate Harish Salve, advisor to N Chandrasekaran, said the Tata Trusts-Tata Sons dispute has shifted from concerns over listing to the chairman’s reappointment. He questioned the RBI’s listing directive and warned it could affect Tata Sons’ governance and oversight.
Tata Trusts-Tata Sons row: Mehli Mistry objects to possibility of education trust bearing legal expenses
Tata Trusts-Tata Sons row: Mehli Mistry objects to possibility of education trust bearing legal expenses
Summary: Mehli Mistry of the Tata Education and Development Trust has opposed using trust funds for legal expenses in the dispute between Tata Trusts and Tata Sons over N Chandrasekaran's reappointment as Chairman.
Tata Sons chairman vote: Chandrasekaran reappointment ‘void ab initio’; Tata Trusts says resolution 'not validly passed'
Tata Sons chairman vote: Chandrasekaran reappointment ‘void ab initio’; Tata Trusts says resolution 'not validly passed'
Summary: Tata Trusts said N Chandrasekaran’s reappointment as Tata Sons chairman is invalid because both Trust-nominated directors were required to approve it. Noel Tata opposed the extension while Venu Srinivasan backed it, leaving the 4-1 board vote legally ineffective, according to the Trusts.
Micron workers demand 15% of operating profit as AI boom lifts chip earnings, point to Samsung, SK Hynix
Micron workers demand 15% of operating profit as AI boom lifts chip earnings, point to Samsung, SK Hynix
Summary: Micron Technology faces labor unrest as employees reject a proposed bonus of 68 months' salary, threatening strikes. Workers demand a one-time bonus equivalent to 83 months' salary and quarterly bonus distributions amidst rising profits driven by AI technology demand.
