BUSINESS CONTINUITY
Noel Tata warns Tata Sons listing could put profits ahead of philanthropy, says it may change the ‘Tata way’
Tata Trusts Chairman Noel Tata raised concerns about a public listing of Tata Sons potentially altering its philanthropic ethos. He emphasized that a wider shareholder base may prioritize profit over social responsibility, which could significantly change the group's operational philosophy. Tata Trusts intends to collaborate with regulators to uphold the founding values of the Tata Group.
Patanjali Foods reports muted rural demand amid inflation, banks on wedding season and winter demand for H2 growth
Patanjali Foods reported muted rural demand and more resilient urban markets due to rising inflation. The company anticipates that upcoming festive and wedding seasons will boost product consumption. Revenue increased significantly in both edible oils and FMCG sectors amid fluctuating commodity prices. The oil palm plantation business is expected to enhance profitability as maturation progresses.
Faxes, phones and Bluetooth: Microsoft outage forces businesses to find fixes
Microsoft outage: While most reported their core systems were still running, trading and administrative work slowed in places in the latest reminder of how much of the world's commerce, public services and communications run on a handful of technology providers.
What India's roadmap to global apparel leadership should look like
India's textile and apparel industry is aiming for USD 100 billion in exports by 2030 through Free Trade Agreements. The focus should be on enhancing capabilities in quality, delivery, and price to remain competitive. Indian manufacturers must leverage automation, digitization, and vertical integration to improve efficiency and respond to global demands.
Microsoft 365: Teams out of office, Outlook grim; co reroutes traffic as it works on recovery
Microsoft faced a global outage affecting Outlook and Exchange Online services, which disrupted communication for various organizations. Financial institutions in India dealt with impairments in email-based communication, requiring alternative channels for continuity. Banks reportedly continued operations through other platforms like Microsoft Teams and SharePoint. Airlines also experienced issues with email support for customer assistance but maintained flight operations and other communication channels.
Grasim Industries Q2 profit triples to 2,306 cr, revenue up 33%
Grasim Industries reported a profit of ₹2,306 crore for the September quarter, nearly tripling year-on-year. Revenue reached an all-time high of ₹12,747 crore, indicating strong growth across core businesses. The cellulosic fibres segment saw a 29% revenue growth, while the decorative paints business experienced a 35% increase. In contrast, the chemicals business faced challenges with declining profitability. Overall, there was a notable disparity in standalone and consolidated financial results.
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Zetwerk Q2 net loss widens 43%, revenue increases 18%
Zetwerk reported a 43% increase in net loss to ₹88.11 crore during the September quarter, compared to last year. Revenue from operations rose 18% to ₹4,599.36 crore, a decline from the previous quarter's growth. Losses from continuing operations widened significantly while the discontinued business saw a reduced loss. The company faced increased finance and employee stock option costs contributing to its net loss.
Missed a job interview because Teams went down? You weren’t alone; here’s what to do after the Microsoft outage
A major outage at Microsoft recently halted access to vital services such as Outlook and Teams worldwide. This disruption led to significant setbacks in work, education, and government operations, with many users unable to attend scheduled meetings. While businesses struggled to maintain operations, schools resorted to using phone calls over emails. Microsoft acknowledged the issue and worked on recovery, although initial efforts did not yield the expected outcomes.
Warburg Pincus picks up Rs 1,663 crore stake in unit of Pricol
Warburg Pincus will acquire a 38% stake in Pricol’s driver information and connected vehicle solutions business for ₹1,663 crore through its affiliate Topaz Terrace Investments. The business, which makes digital dashboards and instrument clusters for automakers such as TVS, Honda, Royal Enfield and Ather Energy, will be demerged into a separate entity called Pricol Autotech.
Paytm's wallet may be coming back: A look at what happened three years ago and its impact
The approval has been granted to Paytm Payments Services Limited (PPSL), a subsidiary of One 97 Communications, which operates the Paytm brand. It will allow the company to issue and operate prepaid payment instruments, including digital wallets, the company said in a stock exchange filing on Friday.
Outlook down but Teams chat up? The Microsoft workarounds that kept some offices running
Microsoft 365 faced significant service disruptions affecting Exchange Online and other applications on 12th and 13th November. Users experienced difficulties accessing email, while some services like Teams remained functional. Microsoft outlined strategies for companies to communicate during the outage, emphasizing the need for alternatives. To mitigate future issues, businesses are encouraged to develop strong contingency plans and backup options.
Future of Knowledge Work Summit 2026: Six reasons business leaders should be at the event
As organisations move from AI experimentation to enterprise-wide adoption, business leaders need practical insights into implementation, productivity, and workforce transformation. The Economic Times' Future of Knowledge Work Summit 2026 will bring together industry leaders, policymakers, and decision-makers in Mumbai to examine these priorities.
Nvidia has talent to thrive without Jensen Huang; Tae Kim backs Rene Haas, Ian Buck as CEO successors
Nvidia can continue to thrive despite the departure of its long-time chief executive Jensen Huang, with two senior technology executives emerging as potential successors, according to Tae Kim, author of 'The Nvidia Way', who believes the company's future does not depend solely on its iconic leader.
Microsoft rules out cyberattack as global outage hits Outlook, Teams and Copilot
Microsoft services, including Outlook and Teams, faced a significant global outage starting on Thursday afternoon. Charles Lamanna confirmed that there is no indication of any malicious or cyber activity. Many customers across various countries reported issues with accessing their Outlook inboxes and using Microsoft 365 services. Despite ongoing restoration efforts, additional challenges emerged in getting services back online.
ETMarkets Management Talk | From real estate to digital infrastructure: Anant Raj's 357 MW data centre growth roadmap
In an interaction with Kshitij Anand of ETMarkets, Amit Sarin, Managing Director of Anant Raj Limited, outlines the company's roadmap to scale its data centre capacity from 28 MW currently to 63 MW by FY27 and eventually 357 MW by FY32, while focusing on disciplined execution, operational efficiency and growing demand for cloud and AI infrastructure.
Texas Instruments, Microsoft, Cisco, then Nvidia: The finance career behind Colette Kress, Nvidia’s new interim CEO after Jensen Huang’s resignation
Colette Kress Nvidia: Colette Kress has taken over as Nvidia’s interim CEO following Jensen Huang’s resignation. Before joining the chipmaker in 2013, she held senior finance positions at Texas Instruments, Microsoft and Cisco. Here’s a look at her career, education and rise to the top of Nvidia.
Norwest raises $4 billion fund for India, US and Israel investments
Norwest has raised $4 billion for its 18th fund, which will invest across India, the US and Israel. The 65-year-old firm, backed by Wells Fargo, has been active in India for 20 years and manages $2.5 billion in assets in the country. It invests $300-350 million annually in India, managing director and India head Niren Shah said.
Aditya Birla Capital opens 100th gold loan branch in Mumbai
Aditya Birla Capital inaugurated its 100th dedicated gold loan branch in Santacruz, Mumbai, recently. The company also opened another branch in Andheri, marking significant growth in Maharashtra. As of September 30, 2026, gold loan assets under management reached ₹200 crore. This milestone reflects the company's execution capabilities and customer confidence in their services. Aditya Birla Capital aims to expand its branch network to 200-300 by March 2027 in key markets.
Meet Colette Kress, Nvidia CFO taking over as interim CEO after Jensen Huang's exit
The company announced in a press release that Kress will take charge as CEO while continuing to serve as its CFO until the board finds a permanent successor. Nvidia has said it will consider both internal and external candidates for the top job.
Who is Jay Puri? The Indian-origin executive who may become Jensen Huang's successor at Nvidia
Jay Puri, a seasoned executive with Nvidia since 2005, has transitioned from his executive position to assume the role of senior adviser. With a notable academic foundation from institutions like the University of Minnesota, Caltech, and Harvard Business School, Puri has made significant contributions in various leadership roles. As discussions regarding Jensen Huang's potential succession gain momentum, Puri's credentials position him as a prominent figure.
Farmer's son from small Tamil Nadu village builds Rs 1.5-crore software business after quitting nine-year Chennai IT career & starting with just two laptops
Eswaran Arumugam launched his Tamil Nadu-based software venture, Yaa Creations, with just Rs 1 lakh borrowed from his brother and two laptops. The business faced several hurdles, including financial strain, disruptions caused by the Covid-19 pandemic and accumulated debt of Rs 5 lakh. However, he gradually turned things around and expanded operations. Today, the company, headquartered in Rasipuram in Namakkal district, employs 26 people, serves clients in seven countries and completed projects worth Rs 1.5 crore in 2025.
European business sentiment improves, but inflation and debt risks mount: Survey
Business confidence across Europe's industrial and services sectors has improved since June, but rising inflation, higher borrowing costs and concerns over government debt are weighing on the economic outlook. Businesses are also increasingly worried about price pressures and fiscal policies.
Caught between costly inputs and cautious buyers, India Inc takes a hit
Companies in India's consumer goods, automobile, and paints sectors are increasing prices to offset rising costs. The West Asia conflict has severely impacted input and logistics expenses across various industries. While some companies have raised prices, they are still absorbing part of these costs to maintain demand. Consumer giants like Hindustan Unilever and Asian Paints report pressure on their margins despite price hikes.
Warburg Pincus leads race to buy stake in Pricol unit valued at ₹5,000 crore
Warburg Pincus is currently in discussions to acquire a 10-20% minority stake in Pricol's demerged unit. This unit specializes in creating digital dashboards and instrument clusters, which are crucial for two-wheelers. The initiative could see a valuation of approximately ₹5,000 crore based on recent evaluations. Pricol's promoter and his family remain committed to retaining their stake in the existing company.
Gaurav Munjal steps down as Unacademy CEO, Akhilendra Kumar takes over
The transition comes earlier than expected per the contours of the September transaction, which had envisaged Munjal continuing as CEO of Unacademy's businesses within UpGrad for at least two years. Munjal said on Wednesday that he would continue to be involved in daily operations and work with Kumar on profitability and UpGrad's proposed initial public offering (IPO).
Tata Power Q2 Results: PAT jumps 33% YoY to Rs 1,652 crore, revenue rises 26%
Tata Power reported its highest-ever quarterly profit of Rs 1,652 crore in Q2 FY27, up 33% year-on-year. Revenue surged 26% to Rs 19,886 crore, supported by renewables, generation, distribution and a record Rs 10,000 crore first-half investment.
Cabinet extends Stand-Up India Scheme till 2031, approves Rs 4,111 crore corpus to support 2.5 lakh more entrepreneurs
The Union Cabinet has extended the Stand-Up India Scheme to support women and marginalized entrepreneurs. This extension will last for five years, ultimately reaching till March 31, 2031. The scheme aims to provide financial assistance to an additional 2.5 lakh entrepreneurs during this period. Eligible entrepreneurs can avail loans between Rs 10 lakh and Rs 1 crore with significant loan coverage.
Beyond Business: The Leadership Philosophy of T. Kishan Singh
T. Kishan Singh highlights the influence of his father's dedication on his professional journey in the paper industry. He stresses the role of sustainable practices and customer relationships for long-term business success. Health and fitness are prioritized as essential elements for effective leadership and overall well-being. Singh shares that consistency and resilience are vital in navigating challenges, both personally and professionally.
Shemaroo flags BARC blackout, deferred broadcaster deals amid digital growth
Shemaroo Entertainment faced challenges in its traditional media business due to BARC ratings blackout and deferred content investments. The company's digital business grew significantly, with digital revenue rising by 26% year-on-year. EBITDA loss has narrowed, indicating improvement in financial performance. Continued investments in Gujarati content remain a key focus for Shemaroo. Management remains optimistic about achieving profitability aspirations amid ongoing industry dynamics.
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