Topic
corporate
Business India Inc's Capex Chronicles: Fixed Asset Growth Slows, Capacity Utilisation Nears Peak
An analysis by The Hindu Business Line of 1,002 companies (excluding BFSI and IT) over FY17-26 reveals mixed capex trends. Fixed asset growth slowed to 4% in FY26, the second-lowest in a decade, while net sales grew at 10% CAGR. The asset turnover ratio reached 1.65x in FY26, approaching its peak, indicating that capacity utilisation is high and a new investment cycle may be imminent.
Business Embassy to invest ₹1,500 crore in 3 million sq ft office space in Bengaluru: MD Aditya Virwani
Embassy Developments, part of Embassy Group, will invest ₹1,500 crore to build a 3 million sq ft office complex in Bengaluru. The first phase of a 35-acre, 6 million sq ft project has started. The company also posted a net loss of ₹872.47 crore in FY2025-26 but aims for ₹8,000 crore residential sales in the current fiscal.
Business CCI Clears $1.78 Billion RCB Buyout by Aditya Birla Group, Times of India Consortium
The Competition Commission of India has cleared the $1.78 billion acquisition of Royal Challengers Sports Pvt Ltd by a consortium led by Aditya Birla Group and Times of India. Aryaman Vikram Birla will serve as chairman and Satyan Gajwani as vice-chairman. The deal highlights growing investor interest in sports franchises.
Technology Microsoft lays off 4,800 workers, restructures Xbox in major shake-up
Microsoft has cut 4,800 jobs, roughly 2.1% of its workforce, with Xbox bearing a large number of the layoffs. The company is restructuring to focus on areas that can deliver for customers amid a fast-changing industry, according to executive vice president Amy Coleman.
Technology Oracle Cuts 21,000 Jobs in Major Restructuring to Focus on AI, Annual Report Shows
Oracle cut 21,000 jobs globally in the past year, according to its latest annual report, as the technology giant pivots to AI. The reductions, about 13% of its workforce, resulted in $1.8bn in severance costs. The company warned that restructuring may cause productivity loss but is necessary as it invests heavily in AI infrastructure.
Business Vantage Drilling Merger with Eldorado Clears Shareholder Vote, Transaction Valued at $257.6M
Shareholders of offshore drilling contractor Vantage Drilling approved the proposed merger with Neil Hall-led Eldorado Drilling during a special general meeting. Under the terms, Vantage will become a wholly owned subsidiary of Eldorado, with Vantage shareholders receiving $19 per share in cash, representing an equity value of approximately $257.6 million. The transaction is funded by $125 million in equity commitments from Eldorado's principal shareholder. Completion remains subject to certain conditions.
Business Reliance Succession Plan on Track, Enters Final Leg as Ambani Transfers Management
Mukesh Ambani, chairman of Reliance Industries, announced that the transfer of day-to-day management to his three children is almost complete, marking the final stages of succession. Akash, Isha, and Anant each lead key business verticals, supported by about 500 young leaders. Ambani's current term ends in April 2029.
Business HiLITE Group to Invest ₹25,000 Crore in Kerala Real Estate and Infrastructure Over Five Years
Kozhikode-based HiLITE Group plans to invest ₹25,000 crore over five years to develop 50 million sq. ft. across Kerala, encompassing retail malls, IT parks, healthcare, education, residential, and commercial projects. Key initiatives include World Trade Centre Kozhikode, HiLITE Boulevard in Kochi, and YOO Hub Trivandrum.
Business India Inc. Posts Record Profits but Refuses to Invest: Why the Paradox Persists
India's listed firms are approaching record net income at 6% of GDP, yet capital expenditure remains stagnant. The article contrasts with China's investment-heavy model and explores political and structural reasons for India Inc.'s reluctance to invest.
Technology Meta CTO Andrew Bosworth Admits AI Reorganization Was 'Atrocious' in Internal Memo
Meta CTO Andrew Bosworth admitted in an internal memo that the company's rollout of its new Applied AI division was 'atrocious,' following widespread employee dissatisfaction. The memo outlines plans to improve communication, limit manager spans, and boost morale through better microkitchens and travel budgets.
Technology Adaptive Security Enlists Conan O'Brien for 15-Part Cybersecurity Training Series Targeting AI Fraud
New York-based cybersecurity firm Adaptive Security has partnered with talk show host Conan O'Brien to produce a 15-part training series addressing AI-enabled threats such as phishing, deepfakes, and voice cloning. The series, available to enterprise customers, aims to improve employee engagement and awareness of sophisticated cyber attacks.
Business Broadcom's $440 Billion Market Cap Drop Amid AI Outlook Concerns
Broadcom's market cap fell by over $440 billion after its Q2 2026 earnings report revealed a softer AI chip sales outlook. Despite record revenue and tripling its AI chip business year-on-year, investor expectations were not met, leading to a significant market reaction.
Logistics Norfolk Southern Appoints New COO Amid Merger Talks
Norfolk Southern has appointed Brian Barr as its new Chief Operating Officer, succeeding John Orr. This leadership change comes as the company navigates a potential merger with Union Pacific, which could significantly impact the U.S. rail network.
Business India Inc's She-Suite Executives Join Million-Dollar Club
India Inc is witnessing a rise in women executives entering the million-dollar compensation league, driven by a focus on diversity and professional talent. Domestic companies, especially in pharmaceuticals and consumer sectors, are leading this trend.
Trade India-Canada Trade Talks: Goyal's Strategic Roadmap
India's Union Minister Piyush Goyal engaged with Canadian corporate leaders to enhance bilateral trade, focusing on sectors like financial services, agriculture, and critical minerals. The discussions aim to deepen collaborations and position India as a global export hub.
Business Top Indian Firms Lose Rs 1.54 Lakh Crore in Market Value
Seven of India's top ten companies saw a combined market valuation loss of Rs 1.54 lakh crore, with Reliance Industries suffering the steepest decline. Despite the losses, Reliance remains India's most-valued company.