ANNUAL PERFORMANCE CONTRACTS
Inside Assam’s big contest: Sarma’s dominance vs Gogoi’s comeback bet
Assam voted in a crucial election. Chief Minister Himanta Biswa Sarma's BJP faced a challenge from Congress leader Gaurav Gogoi. The outcome could reshape Congress's future in the Northeast. Sarma's leadership and BJP's organizational strength were key factors. Congress focused on governance reforms and economic revival. The results will influence opposition politics nationwide.
Karnataka: State policy & planning panel member moots performance driven governance policy
Karnataka is set to embrace a new era of governance. The State Policy and Planning Commission has presented a draft bill for performance-driven governance to Chief Minister Siddaramaiah. This initiative aims to boost service delivery and accountability. Key reforms include performance contracts, an independent authority, and citizen feedback integration.
Cognizant CEO’s 2025 realised pay increases 30% to $10.7 million
Cognizant Technology Solutions chief executive Ravi Kumar S took home $10.7 million in realised compensation in 2025, a more than 30% increase compared with $8.2 million in 2024, according to the company’s filings with the US Securities and Exchange Commission.
Wipro shares crack 4% after Q4, Rs 15,000-crore buyback. What Goldman Sachs, other brokerages are saying?
Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback. Revenue rose 8% YoY, but the core IT services business remained sluggish with minimal growth, reflecting weak demand. Margins also edged lower, signaling ongoing cost pressures, even as profit improved on a sequential basis.
'Show me the papers', bankers tell cos to guard against any FEMA violations fallout
Indian banks are now requiring corporates to provide documentation for dollar forward transactions. This move follows recent currency volatility and new regulations. Banks are scrutinizing clients and setting limits based on past performance. The Reserve Bank of India has not mandated this, but banks are taking extra precautions to avoid FEMA violations amid a dollar crunch.
SpaceX IPO 2026: $1.5T valuation— will history’s biggest listing reward investors or repeat past mega-IPO disappointments? Here’s how they performed
The SpaceX IPO could become the biggest IPO in history, targeting a massive $2 trillion valuation and a $75 billion raise. That number alone is rewriting global market expectations in 2026. Investors are searching: is the SpaceX IPO a smart investment or a high-risk entry point? Data gives a clear signal. Most mega-IPOs have struggled after listing despite strong hype. The SpaceX IPO valuation looks extremely high compared to revenue. Smart investors may wait for price correction instead of chasing early momentum driven by market excitement.
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ChatGPT maker OpenAI shifts its focus to business users amid Anthropic pressure
OpenAI is prioritising business AI tools to boost revenue. The company is launching a new model for professional work. This strategic shift aims to compete with rival Anthropic. OpenAI is moving away from some consumer offerings. This focus on high-value professional tasks is key to its future profitability. Business clients now represent a significant portion of OpenAI's income.
Wipro Q4 Results: Profit falls 2% YoY to Rs 3,502 crore; revenue rises 8%
Wipro Q4 Results: Wipro's net profit dipped 2% to Rs 3,502 crore in the March quarter, despite an 8% revenue increase to Rs 24,236 crore. The IT services segment saw sluggish growth, with revenue up only 0.6% sequentially. The company announced a significant Rs 15,000 crore share buyback, signaling confidence amidst cost pressures and declining operating margins.
ET Prime Special Series: Multibagger or Bankrupt - Part 54: Will manufacturing capability help this firm move into defence space?
The auto ancillary sector is being forced to answer a difficult question: When technology changes, which suppliers remain relevant and which get left behind? This company stands out because it is not built around one narrow-end market. It has automotive at the centre, but also has exposure to engineering, defence, aerospace and other industrial segments. That wider presence offers some support. Still, the main issue remains unresolved. A meaningful part of its current auto-linked basket belongs to the old combustion era, while its manufacturing capability may still travel into newer applications. This is less a collapse story and more a test of adaptation.
Snap stock price: Here's why Snap Inc. shares are up today
Snap stock price moved higher after the company announced layoffs affecting about 16% of staff and more than 300 open roles. Snap Inc said artificial intelligence will reduce repetitive work and support smaller teams. The company expects cost savings of more than $500 million by the second half of 2026. Investors reacted to the plan as the company aims to improve profitability and compete with larger tech firms.
IHCL remains confident of achieving all its goals: MD and CEO
Indian Hotels Company Limited, IHCL, is successfully managing global and local challenges. The company is expanding its brand portfolio across India and internationally. IHCL is confident in its growth strategy and achieving its Accelerate 2030 targets. Acquisitions are bolstering its Ginger brand. The outlook remains positive despite economic uncertainties.
Ashiana Housing to invest Rs 800 crore for land acquisition in FY27
Ashiana Housing plans to invest ₹800 crore in land acquisition across India in FY27, a senior executive said. The company reported record senior living sales of ₹570.2 crore in FY26, driven by strong demand in the segment.
IHCL's diversification strategy shields growth
IHCL MD and CEO Puneet Chhatwal said escalating West Asia tensions may impact global travel in the near term, but the hospitality sector remains resilient after past crises like Covid-19. He said IHCL’s diversified portfolio across brands, geographies, and business segments is helping it stay on track for long-term growth, with expectations of double-digit revenue expansion driven by new hotel openings and expansion across domestic and international markets.
Karma, climate and consequences: As the Char Dham Yatra reopens, a warming Himalaya reveals karma in its oldest public sense
A road journey through Uttarakhand’s mountain towns reveals a deeper shift in both climate and pilgrimage. Unusual heat, felt by locals as something “new to their land,” reflects broader environmental stress even before data confirms it. At the same time, traditional pilgrimages—once slow, sparse and rooted in spiritual discipline—have transformed into large-scale, infrastructure-driven movements shaped by highways, helicopters and mass access.
The most dangerous number on an Indian balance sheet after debt – and how it is manipulated
Different years. Different companies. Different accounting tricks. One common story – an effort to show financial numbers which hide the truth. The purpose of hiding the truth may vary: From manipulating accounts just before an IPO, to taking loans from the bank, or rigging the stock price. But there is no dearth of instances of how Indian promoters have used every trick in the book to manipulate financials.
TCS Q4 profit up 12%, revenue rises 9.6% amidst AI growth and deal wins
Tata Consultancy Services reported a 12% rise in net profit to Rs 13,718 crore for the March quarter, exceeding analyst expectations. Despite a 2.4% annual revenue decline in constant currency for FY26, the company saw strong AI services revenue growth and secured significant deal wins, signaling a potential turnaround.
TCS Q4 net profit jumps 12% to Rs 13,718 crore on strong deal wins, weak rupee
TCS reported a 12% net profit rise to ₹13,718 crore in Q4, exceeding expectations despite a 2.4% annual revenue decline in constant currency terms for FY26. The company saw strong AI revenue growth, crossing $2.3 billion, and secured significant deal wins, signaling a potential turnaround amidst cautious optimism.
Michael Burry drops a bomb on Palantir: Why is Palantir stock dropping big today and is it losing the AI race to Anthropic? Here’s what ‘Big Short’ warned on PLTR
Why is Palantir stock dropping sharply today after Michael Burry’s warning? The Palantir stock drop is suddenly back in focus after Michael Burry issued a fresh warning. Shares of Palantir Technologies slipped nearly 6% in one session. That sharp fall has triggered concern across Wall Street and retail investors alike. Burry suggested that Palantir may be losing ground in the AI race. His warning focused heavily on competition from Anthropic. According to emerging data, Anthropic is rapidly gaining enterprise traction. Its AI tools are easier to deploy and integrate. That makes them highly attractive for businesses seeking quick results.
Silicon Valley’s hottest AI metric is also its least trusted
Cluely's co-founder admitted to fabricating ARR figures, sparking debate about the metric's reliability for AI startups. Experts note ARR's ambiguity allows for interpretation, especially with fluctuating usage-based models and trial periods. While transparency is advised, imposing strict audits on early-stage companies could stifle innovation.
Indian film studios are using AI to cut costs, speed production, despite mixed audience reactions
Indian film studios are embracing Artificial Intelligence to slash production costs and speed up movie making. This technology helps overcome India's many languages with AI dubbing. While audiences have mixed reactions, studios are using AI for everything from creating new content to re-releasing older films with altered endings. Tech giants are partnering with Indian filmmakers to advance AI-driven storytelling.
Bank deposits may grow in currency amid market volatility
Bank liquidity risk is expected to go down as the gap between credit and deposit growth narrows this financial year. Savers are likely to favor bank deposits over market investments due to geopolitical concerns and market volatility. Economists anticipate improved deposit growth, potentially boosted by interest rate hikes. This shift could lead to slower credit delivery.
Congress manifesto for Assam: No MLA’s close relatives to be awarded government contracts or schemes
Assam: The Congress manifesto talked about transparent land records, revenue, and taxation system.Priority to local people in jobs and government contracts.Immediate flood relief and initiation of erosion control measures.Fast-track recruitment to fill vacancies in hospitals and schools.
Where will SpaceX IPO get listed, and how will largest stock market listing affect CEO Elon Musk net worth? SpaceX financials, growth drivers and timeline of Musk wealth and business success
Where will SpaceX IPO get listed, and how will largest stock market listing affect CEO Elon Musk net worth? SpaceX has confidentially filed for a US IPO that may value the company above $1.75 trillion and raise more than $50 billion. The expected Nasdaq listing could revive the IPO market, reshape space and AI investments, increase public investor access to SpaceX, and significantly influence Elon Musk net worth and global stock market trends.
SpaceX's business and finances: Rockets, satellite communications and budding AI
SpaceX is gearing up for a massive stock market debut, potentially the largest ever. The Elon Musk-led company is known for its rocket launches and Starlink internet service. SpaceX is also developing its Starship for lunar and Mars missions. Recent financial reports show significant revenue growth. The company's acquisition of xAI further expands its reach into artificial intelligence.
What is driving Oracle stock (ORCL) higher today despite layoffs? Oracle stock making big moves today as AI strategy and cloud growth boost ORCL shares
Oracle stock (ORCL) rising today: Oracle stock (ORCL) jumped over 2.4% today, even as layoffs hit key teams. Investors are not reacting to job cuts alone. They are focusing on Oracle’s aggressive AI strategy and expanding cloud business. The company is cutting costs to fund expensive AI infrastructure. That move improves margins over time. At the same time, new AI platforms for U.S. federal agencies signal strong future revenue. Oracle stock (ORCL) is still down 27% this year. Markets are betting on AI-led growth, not short-term disruption.
Tourism and hospitality ecosystem: Will it get hit harder due to the war’s second-order effect? 20 stocks to keep an eye on
The one thing that impacts the tourism and hospitality sector most is war. The reason is simple: Flights get disrupted, and the urge to travel takes a back seat. And there is a chain reaction. Disrupted or expensive flights not only mean trouble for airlines, but also for other players in the tourism ecosystem. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks, along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
AI boom strains Taiwan's SMC capacity, opens door for Samsung in chip race
A surge in global artificial intelligence (AI) demand is straining Taiwan Semiconductor Manufacturing Company (TSMC)'s production capacity, creating a rare window of opportunity for Samsung Electronics to gain ground in the advanced chip race, reports Korea Herald.
Harry Potter cast salaries for HBO series revealed: How much the new wizards will earn per season
The much-anticipated Harry Potter HBO series is already making headlines, not just for its casting and record-breaking trailer, but also for the cast paycheques, especially the young trio stepping into iconic roles.
India unleashes curbs on rupee bets as intervention costs swell
India's central bank is implementing forceful new rules to curb speculative bets against the rupee, capping banks' open positions at $100 million daily. This shift from direct intervention aims to stabilize the currency amid record lows driven by the Iran war, which has drained foreign-exchange reserves.
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