COMPANIES
TVS Supply settles dispute with ZTE, withdraws insolvency plea in NCLAT
TVS Supply Chain Solutions has settled its debt dispute with ZTE Telecom India. The company withdrew its appeal against an order that rejected insolvency proceedings. The National Company Law Appellate Tribunal allowed the withdrawal. This development follows a previous dismissal of insolvency proceedings by the National Company Law Tribunal due to a pre-existing dispute.
Why Do Companies Duplicate Responsibilities Before Making Changes?
Employees are noticing their tasks being taken over by colleagues, a common sign of organizational shifts. This deliberate overlap, aimed at ensuring continuity and knowledge transfer during restructuring, can create job insecurity and stress. While beneficial for management in assessing competencies and performance, it leaves employees uncertain about their roles and future, potentially impacting team dynamics and individual motivation.
IPO activity remains muted next week with just one issue opening; three listings lined up
The primary market anticipates a quiet week with only one new IPO, Leapfrog Engineering Services, opening for subscription. Three companies, Mehul Telecom, Citius Transnet InvIT, and Property Share Investment Trust, are scheduled to list after previous offerings. Investor sentiment appears cautious, reflected in zero grey market premiums for all upcoming listings, suggesting expectations of flat debuts.
OpenAI’s Kevin Weil and Sora head Bill Peebles leave company
Kevin Weil, the former chief product officer who later took charge of the OpenAI for Science project, announced Friday that he’s stepping down. Weil joined OpenAI nearly two years ago and previously steered product development at Instagram and Twitter as an executive at those companies.
Share buybacks not ‘income’, can’t face I-T levy: Delhi High Court
The Delhi High Court ruled that companies buying back shares below fair market value do not incur taxable income. The court distinguished share buybacks as capital reduction, not asset acquisition. This decision offers significant relief to companies, potentially lowering the cost of share repurchases and clarifying tax implications for such corporate restructurings.
Slow revenue conversion to dog IT companies as AI queers the pitch
Decline in annual revenue runs at even the biggest in Indian IT, such as Tata Consultancy Services (TCS) and Wipro, despite healthy deal pipelines suggests persistence of both slow revenue conversion and discounts spawned by competition from AI, analysts said.
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Nimble companies are succeeding in the AI era: YC's Jared Friedman
AI startup founders are pivoting faster and more often in the era of AI, and strong engineering talent in India gives them an edge, said Jared Friedman, managing partner, Y Combinator.
Sebi clears IPOs of Avaada, Grand Housing & 2 others
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group's solar PV manufacturing arm. Chennai-based Grand Housing will launch an entirely offer-for-sale IPO by its promoter. Sebi provided observations for Avaada Electro's confidential DRHP filed in October 2025.
Corporate Affairs ministry proposes easing company incorporation rules
In an effort to boost entrepreneurship, the corporate affairs ministry is poised to revamp the company incorporation process. By consolidating numerous forms into a reduced set of e-forms, the ministry aims to slash bureaucratic red tape. Expect a more lenient approach to KYC protocols and documentation for subscribers.
US Stocks|Drone maker AEVEX valued at $2.6 billion as shares rise in NYSE debut
AEVEX made a striking entrance on the New York Stock Exchange, with its shares jumping 15% on debut. This significant increase points to a heightened investor enthusiasm for companies in the defense industry, especially given the current global unrest.
Govt plans to rationalise filing framework under companies law
The Corporate Affairs Ministry is embarking on an initiative to streamline company law filings, merging various forms into a more user-friendly, data-centric system. This move is designed to lighten the compliance load for businesses, inviting stakeholder feedback until May 15. Moreover, the Ministry is also evaluating incorporation guidelines to make starting a company smoother and less cumbersome.
Why Are Employees Asked to Document Everything Before Leaving The Company?
Companies often fail to plan for employee departures, leaving exiting staff to create comprehensive guides without support. This lack of structure creates immense pressure, leading to role confusion and stress, as research indicates. Without a systematic approach, knowledge transfer suffers, impacting future operations and the organization's reputation. Proper exit management is crucial for retaining vital information.
Akshaya Tritiya 2026: Gold stocks soar up to 25% in a month! Will rally soften after auspicious festival?
Jewellery stocks have emerged as standout performers despite broader market volatility triggered by geopolitical tensions and rising oil prices. Shares of companies like Kalyan Jewellers, Titan, and PC Jeweller have surged up to 25% in a month, far outpacing the Nifty’s gains.
Quick service platform Snabbit appoints Abhinav Ankur as chief business officer
Quick service platform Snabbit has appointed Abhinav Ankur as its chief business officer. This move comes as the house help segment experiences significant demand. Snabbit has seen substantial growth in daily jobs. Rival platforms like Urban Company's InstaHelp and Pronto are also reporting high booking numbers. The sector is attracting venture capital, with Snabbit and Pronto raising substantial funds.
Titan’s Zoya sees double-digit growth in bespoke segment
Zoya, the ultra-luxury jewellery arm of Titan Company, is witnessing strong double-digit growth in its bespoke and personalised jewellery segment. The brand reports rising demand from both domestic and international clients, with its customised offerings steadily increasing their share in overall business performance.
Come wedding season and jewellery stocks do the Jig
Jewellery company shares have seen significant gains. Strong demand from weddings and festivals is driving sales. Consumers are spending despite high gold prices. Same-store sales are showing sharp improvements. Companies are expanding their store networks. International operations are also performing well. This positive trend is expected to continue.
Sebi allows companies to resize fresh issue size sans new IPO papers
SEBI has allowed companies to revise IPO fresh issue sizes by up to 50% without refiling a draft offer document, according to sources. The move aims to ease capital raising in volatile markets. Currently, firms must refile if the issue size changes by more than 20% from the original plan.
The Wealth Company MF unveils SIF brand, launches two funds with differentiated strategies
The Wealth Company Mutual Fund, part of the Pantomath Group, has launched its SIF brand ‘WSIF’ along with two new funds featuring differentiated long-short strategies. The new fund offerings aim to combine equity investing with tactical hedging approaches, marking the fund house’s entry into the emerging Specialised Investment Funds category.
Vedanta shares in focus after 10 workers killed in Chhattisgarh plant incident. Company responds
Vedanta Limited shares: The company reporteda boiler accident at its Chhattisgarh power plant, which left 10 workers dead and 24 injured. The company has launched an investigation with authorities and is assessing further details of the incident.
IT companies take swift, decisive action in harassment cases: Nasscom
This follows Tata Consultancy Services coming under scrutiny following serious allegations of sexual harassment, religious misconduct, and coercion at its Nashik office. While the company has suspended the employees under investigation, the police have arrested seven individuals, and a Special Investigation Team (SIT) has been constituted to probe the matter further.
Zepto vs rivals; Cybersecurity goes outsourced
As Zepto lines up a public markets debut this year, a look at how it stacks up against rivals Blinkit and Instamart. This and more in today's ETtech Top 5.
In India, $1 housekeepers spark a consumer, worker frenzy despite safety risks
Some Indian startups are offering house help for as little as $1 an hour, attracting thousands of women seeking work and consumers eager for affordable services. While the market is booming, concerns about worker safety, particularly for women, remain a significant challenge that companies are actively addressing through training and safety features.
Why Strong Performers Are Not Always Safe When Companies Cut Jobs
Employees often believe good performance ensures job security, but company layoffs are driven by business needs, not individual merit. Strategic decisions like cost-cutting and restructuring lead to competent workers being let go. This disconnect creates a breach of trust, impacting morale and well-being, as financial priorities can overshadow employee contributions.
Perplexity CEO Aravind Srinivas says revenue hit $500 million after Computer pivot
Perplexity AI has announced a fivefold revenue increase, reaching $500 million while limiting headcount growth to 34%. This significant revenue surge, coupled with a recent agentic pivot to Perplexity Computer, highlights the company's focus on AI-driven productivity gains. The platform now orchestrates 19 specialized AI models, underscoring its multi-model approach.
Indian companies turn to outsourced cybersecurity to bridge talent gap
India’s cybersecurity outsourcing market is growing as companies adopt SOC-as-a-service due to talent shortages, high costs, and complex threats. Mid-sized firms lead demand, especially in BFSI, telecom, and IT. Hybrid models dominate, with AI-driven automation improving efficiency, while human oversight remains essential in managing evolving cyber risks and responses.
Discretionary spending slows in India as uncertainty keeps consumer purchases at a bare minimum
Consumers are cutting back on non-essential purchases due to global tensions and job worries. Indian households are prioritising savings and value-driven goods. Companies have seen demand for luxury items weaken, with only essential product sales remaining steady. Rising input costs have pushed up prices for many goods. Hiring freezes and job cuts have added to the cautious mood.
US FTC in settlement talks with ad companies in boycott probe, WSJ reports
The US Federal Trade Commission is in talks with major advertising firms. The discussions aim to settle a probe into potential antitrust law violations. Companies like Dentsu, Publicis, and WPP may agree not to shift ad budgets based on political content. Individual advertisers can still make their own site choices. Talks are ongoing and a deal is not guaranteed.
Nashik IT company horror: Victims made to offer namaz, eat beef, sexually harassed and were forced to convert, says minister in sexual harassment case
Nashik TCS case: Allegations of sexual harassment and forced religious conversion by eight female employees have surfaced at the multinational company's office in Nashik. Maharashtra minister Girish Mahajan has alleged that victims were forced to offer namaz, eat beef and attempts were made to convert them. Police have filed nine FIRs and TCS has suspended its employees involved in the sexual harassment case.
SoftBank sets up company in Japan to develop AI domestically: Report
SoftBank has set up a company in Japan to develop AI domestically, Nikkei says
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