STEP DEFINITION FILE
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
'A' plus plus plus grade: Trump praises Pete Hegseth's performance
President Trump has endorsed Secretary of War Pete Hegseth during his defense against impeachment initiated by Thomas Massie. Hegseth faces charges related to military operations in Iran, Yemen, and Venezuela which some lawmakers say violate the Constitution. His strong rebuttal emphasizes legality and stress over political motivations behind the impeachment resolution. The House is set to examine these allegations further, with proceedings currently underway.
Father gave his share of joint family land to second son; first son lost challenge but got 1/8th share in father’s self-acquired land, know why
A recent Madras High Court case addressed the inheritance dispute between two brothers regarding family property. Balakrishnan challenged their father's decision to gift land to his younger brother Jayachandran. The court upheld the validity of prior partition arrangements and gift deeds while reaffirming Balakrishnan's rightful share of the separate land. Balakrishnan was ultimately granted a 1/8th share in his father's self-acquired property.
Noel Tata seeks board scrutiny of SP Group's Rs 25,000 crore exit plan, Tata Sons restructuring
Noel Tata has asked the Tata Sons board to examine Shapoorji Pallonji Group's Rs 25,000-crore funding proposal through a capital reduction and separately evaluate Tata Trusts' restructuring plan to preserve the holding company's unlisted status. Both proposals are slated for discussion at the November 26 board meeting.
Noel Tata sends two letters over SPG's Rs 25,000 crore request and to evaluate merger options to avoid D-St listing
Noel Tata sends two letters to Tata Sons Board today: to examine a Rs 25,000 crore funding request from minority shareholder Shapoorji Pallonji (SP) Group through a proposed capital reduction and detailed evaluation of a restructuring proposal made by Sir Dorabji Tata Trust and Sir Ratan Tata Trust on September 28 to merge two operating subsidiaries, Tata Electronic Systems Solutions (TESS) and Tata Consulting Engineers (TCE), with Tata Sons.
Research: How AI Agents Broaden the Scope of Knowledge Work
AI agents don’t just speed up knowledge work; they change its nature. In a field study of Perplexity’s conversational assistant and autonomous agent, researchers found that not only did the agent perform more autonomous work, cut task time, lowered cost, and left users more satisfied, but it also expanded the scope of work people attempted—crossing occupational boundaries, tackling more complex, multi-step projects, and generating tasks that rarely appeared with a standard assistant. As workers shift from operators to supervisors, leaders must redesign roles, workflows, and oversight to harness agents’ potential while governing their expanded autonomy.
- Go To Page 1
Meesho loss narrows; Sanjeev Bikhchandani back as Info Edge CEO
Meesho cut its losses in the July-September quarter, while growth continued. This and more in today’s ETtech Top 5.
Congress demands SC-monitored probe into Ram temple donation theft case
The Congress intensified its criticism of the Modi government regarding the alleged theft of Ram temple donations. Congress leaders seek transparency and accountability, emphasizing that faith does not justify evading responsibility. They question the investigation process and warn about the mishandling of funds, urging an independent probe under the Supreme Court's supervision. Allegations also include improper audits and missing receipts for significant donations made by devotees.
Aegis Logistics to acquire 89.8% stake in Dubai-based Tristar Holdings for $809 million
Aegis Logistics is set to acquire 89.8% stake in Tristar Holdings, based in Dubai, for $809 million. The deal seeks to strengthen Aegis's global footprint in liquid logistics and creating new avenues for business growth. The acquisition is expected to complete by the fourth quarter of FY27.
Aegis Logistics shares rise 3% after firm acquires 90% stake worth $809 million in Tristar Holdings
Aegis Logistics agreed to acquire an 89.9% stake in Tristar Holdings for $809 million, expanding its global energy logistics operations. The acquisition, subject to regulatory approvals, is expected to close in the fourth quarter of the current fiscal year and broaden Aegis’s geographic reach, service offerings and profitability.
GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agenda
The GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures are the removal of arrest powers held by GST officers and higher thresholds for criminal prosecution. Small e-commerce sellers might find it easier to register through platform warehouses without needing tax officer intervention.
India's commercial vehicle market just had its best year in seven. Then the June quarter arrived, and margins fell
There is, at this point, an apparent contradiction at work in the Indian commercial vehicles space. One: FY 2026 was the best of the last seven years. A tax cut saw prices of trucks drop by about 10%, releasing pent-up replacement demand in a fleet with an average age of about 10 years. Two: Although the sector's second-largest truck maker sold a record number of vehicles in the June quarter, adding 10% to revenue, the benefits did not flow in. Rising material costs swallowed the operating leverage.
Goldman Sachs' John Waldron edges closer to succeeding David Solomon as CEO
Goldman Sachs is reportedly considering John Waldron as the next CEO to succeed David Solomon. Waldron, currently the chief operating officer, may transition into the role by 2028. The bank awarded Waldron a significant stock package last year to encourage his retention. Solomon, who has led the bank for eight years, could become executive chairman post-succession. These discussions surrounding leadership succession are ongoing within the company's board.
WhiteOak Capital plans D-Street foray with Rs 1,500 crore IPO
WhiteOak Capital is gearing up for an initial public offering projected to raise ₹1,500 crore, potentially reaching a valuation of ₹9,000 crore. Established by Prashant Khemka in 2017, the firm oversees around $13 billion in assets. Following the recent trends set by alternative investment firms like Gaja Capital, Khemka has confirmed plans to go public; however, no definitive timeline has been disclosed.
Death by breath: How mining dust in Aravallis is killing residents
Unregulated Aravalli mining in Rajasthan has triggered a fatal silicosis crisis, claiming dozens of lives in villages like Syalodra. Affected families face catastrophic medical costs, unaddressed safety hazards and rejected disability certifications. Meanwhile, a Supreme Court-appointed panel skipped visiting these heavily impacted areas ahead of its November deadline.
ETSA winner Theranautilus heads to human trials; JSW One’s IPO plans
Happy Friday! Theranautilus is set to begin human trials of its nanorobot-based dental tech soon. This and more in today’s ETtech Morning Dispatch.
Beyond answers and search: Why the next AI battle could be about making better decisions
Enterprise artificial intelligence is shifting from simple information retrieval to decision intelligence systems. These advanced systems will connect evidence and preserve context for better decisions. By 2029, modelled business decisions could be five times more trusted. GraphRAG techniques will improve factual accuracy and reasoning for many enterprises. This evolution moves AI beyond chatbots into strategic operational workflows.
Centre in dilemma over Supreme Court’s OBC creamy layer ruling in civil services recruitment
The government seeks Supreme Court clarification on creamy layer criteria for OBC candidates. This move follows conflicting statements made to different tribunals within a week. The Supreme Court previously ruled salary should not count towards creamy layer income. This judgment impacts OBC candidates denied civil service appointments over the past decade.
Welspun Corp, Perma-Pipe to invest Rs 1500 crore in Jordan pipe manufacturing JV
Welspun Corp and Perma-Pipe International Holdings are set to create a joint venture for pipe manufacturing in Jordan with an investment around ₹1500 crore. This collaboration is designed to tackle key water and energy projects in the Levant region, integrating advanced steel pipe production alongside cutting-edge anti-corrosion coating systems. The facilities will play a crucial role in supporting Jordan's National Water Carrier Project, contributing to the country's water security initiatives.
FBAR 2026: Have more than $10,000 in foreign accounts? This overlooked U.S. filing rule could cost you thousands if you miss Form 114
A foreign bank account can create a major U.S. tax filing duty. The FBAR, or FinCEN Form 114, applies when qualifying foreign accounts exceed $10,000 combined at any time. U.S. citizens, residents, and certain entities may need to report them. For 2026, a non-willful FBAR violation can reach $16,536. Willful violations can reach $165,353 or 50% of the account balance.
Supreme Court seeks names for proposed expert panel on Aravalli hills, mining
The Supreme Court is forming an expert committee to study the Aravalli hills definition and mining issues. Farmers have opposed new mining leases. Lawyers are suggesting names for the committee. The court wants to stop illegal mining. Mountain ranges cannot have a strict definition, one lawyer argued. The government assured no illegal mining will occur.
ZEE-Sony merger receives approval from stock exchanges
The two companies had already filed an application in the Competition Commission of India (CCI) for its permission and will now file for approvals from the National Company Law Tribunal (NCLT) and other regulatory approvals.
Strides Pharma arm signs pacts for sale of Australian business to Arrow Pharma
The company said it expects the transaction to close on or around July 10, 2019.
Filing your ITR? Don’t forget to claim tax relief on arrears
"The tax payer may have moved up a higher slab and should not be penalised with higher taxes as he received his income late,” says Archit Gupta, CEO, ClearTax.in.
Mergers and acquisitions to get faster approvals with new CCI rules
As per the new guidelines, a summary of every combination (merger and acquisition) under review will be published on the website of CCI, to ensure greater transparency.
Global firms evince interest in acquiring Crompton Greaves's assets abroad
Crompton Greaves said that international cos have evinced interest in acquiring European, North American and Indonesian operations of its power segment.
Ballarpur Industries shares end 8% higher as IFC to invest in unit
Ballarpur Industries' scrip settled at Rs 17.45, up 7.06 per cent from its previous close on the BSE. In intra-day, it zoomed 13.49 per cent to Rs 18.50.
Ballarpur Industries rallies over 13% as IFC invest $100 mn in subsidiary
Ballarpur Industries Ltd rallied as much as 13.49 per cent in trade on Tuesday after International Finance Corporation (IFC) said it will invest $100 million (about Rs 616 crore) in Bilt Paper BV.
International Finance Corporation to invest $100 mn in Bilt Paper equity
International Finance Corporation will invest $100 million in Bilt Paper BV, a step down subsidiary of paper manufacturer Ballarpur Industries.
Load More
