STRATEGIC CHURN
Jio Platforms gets first Buy call! Nomura says ‘disruptor now the leader’; starts coverage with Rs 1,340 target
Shares of Jio Platforms listed at Rs 1,359 on BSE and NSE, a premium of 21% over the IPO price. Nomura set a target price of Rs 1,340, implying 20% upside from the issue price of Rs 1,119. The brokerage cites Jio’s leadership in wireless subscribers, data traffic and home broadband, adding that its listing could support steady tariff hikes and drive monetisation.
Europe’s last penicillin plant faces a bitter fight against China’s cheaper drugs
The Sandoz penicillin plant in Kundl, Austria, is under threat from cheaper Chinese antibiotic production. European healthcare programs benefit from the lower prices, which could jeopardize self-sufficiency. China's share of the EU penicillins market has rapidly increased in recent years. European policymakers are becoming increasingly concerned about reliance on China for essential medicines. The current dynamics highlight the significant trade challenges facing European pharmaceutical manufacturers.
Coforge shares rise 2% after firm appoints Akhil Kumar Gupta as chairman post OP Bhatt’s abrupt resignation
Coforge appoints former Bharti Enterprises vice-chairman Akhil Kumar Gupta as chairperson and independent director for five years, following boardroom turmoil triggered by O P Bhatt’s resignation. The IT services firm retains its FY27 guidance and long-term growth targets.
As SMEs digitise and expand globally, foreign banks have a crucial role to play: DBS Bank India’s Divyesh Dalal
DBS Bank India is enhancing its support for SMEs with the launch of its new Collections Orchestration platform, aiming to streamline payment management via a unified dashboard. This initiative reflects the evolving needs of small businesses in India, as they embrace digital solutions to navigate an increasingly complex commercial landscape.
These large- and mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos have upside potential of up to 25%, according to analysts
Talk of tariffs, especially steep ones, makes the market nervous. Which is exactly why the next few trading sessions are critical, and why being in a hurry to take any market-related decision is the one thing to avoid right now. It is better to be cautious, to wait and watch. And let the picture become a little clearer before you act.
Coforge shares fall over 3%. What are Jefferies, Emkay saying after Chairman, independent director exit?
Coforge shares fell after independent director and NRC chairperson DK Singh resigned, days after chairman OP Bhatt stepped down, raising concerns over the board changes. However, the company reiterated its FY27 guidance, retaining its targets of 20.5–21% consolidated EBITDA margin.
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Largecaps look better as smallcaps price in strong growth: Franklin Templeton’s Arihant Jain
Largecap stocks offer a better risk-reward balance than mid- and small-caps as higher growth expectations are already priced into smaller companies, according to Arihant Jain of Franklin Templeton India. In this chat, he explains their multi-factor quantitative approach, long-short positioning, and sectoral opportunities in private banks and metals.
HDFC, Kotak CEO departures put succession planning at India’s private banks under scrutiny
Recent unexpected leadership changes at top Indian private banks raise succession planning concerns. Investors question long-term business strategy continuity amid these abrupt departures. HDFC Bank and Kotak Mahindra Bank face leadership transitions, surprising many analysts. Stricter regulations and competition from fintech also affect talent retention. Improved succession visibility will help maintain investor confidence in strategic direction.
BP appoints Ian Tyler as permanent chair, replacing Albert Manifold amid governance concerns
BP has appointed Ian Tyler as its permanent chair. This follows the earlier dismissal of Albert Manifold over governance concerns. Senior independent director Amanda Blanc will not seek re-election next year. Tyler, who previously served as interim chair, will lead the board's evolution. BP aims to strengthen its balance sheet and improve operational performance.
From N Chandrasekaran to Campbell Wilson: A look at some of India Inc’s biggest names who are walking out in 2026
India's corporate landscape sees significant leadership changes in 2026. Several high-profile executives are departing from major companies like Tata Sons and HDFC Bank. This leadership churn indicates a period of transition for India Inc. Meanwhile, influential tech leaders are moving to AI companies like OpenAI. These shifts highlight evolving strategies and the increasing demand for AI expertise.
Time of strategic churn; threat perception evolving, posing new challenges: Admiral Swaminathan
Navy chief Admiral Krishna Swaminathan noted significant strategic churn and increasing maritime contestation. He stated that threat perceptions are constantly evolving with new challenges. This occurred after the commissioning of the deep-sea diving vessel INS Nipun in Mumbai. The vessel supports diving operations up to 300 metres and offers rapid submarine rescue. INS Nipun can also be deployed for disaster relief and humanitarian operations.
Dish TV Q1 loss more than triples to Rs 286 crore; VZY sales cross Rs 200 crore
Dish TV India reported a consolidated net loss of Rs 286 crore for the quarter ended June 30, 2026, as subscription revenue fell 41% to Rs 161 crore. Total expenses rose 46% amid shifting consumer viewing habits, while the company continued expanding its VZY Smart TV ecosystem to drive connected entertainment.
India will churn for a strategic amrit with Mission Samudra Manthan
India is launching Mission Samudra Manthan, a deepwater exploration drive, and expanding strategic petroleum reserves to bolster energy security amidst geopolitical anxieties. The plan aims to increase domestic hydrocarbon production and augment reserves to a 90-day buffer, reducing import dependence and mitigating global oil price shocks.
On Maha Shivratri 2026, Anand Mahindra explains why 'toxicity' always surfaces first, & how Mahadev showed the way forward
Anand Mahindra Maha Shivratri 2026 Wisdom: Anand Mahindra drew a parallel between the ancient myth of Samudra Manthan and contemporary challenges, suggesting that when society or business undergoes periods of intense “churn”, the first thing to surface is often toxicity. He referred to Lord Shiva and his act of consuming poison as an example of true leadership, advocating containment and composure rather than amplifying negativity during times of disruption and reform.
India and the UAE move ahead on strategic defence partnership
India and the UAE have signed a Strategic Defence Partnership Letter of Intent, enhancing cooperation in defence industrial collaboration, innovation, and counter-terrorism. This move signals a deeper strategic alignment amid regional geopolitical shifts. The nations also agreed to double bilateral trade to $200 billion by 2032 and expand civil nuclear cooperation.
India Inc sees CEO exits rise in 2025
Chief executive and managing director exits across India Inc witnesses an increase in 2025. Leadership departures rose significantly at the largest firms, including Nifty-50, Nifty-100, and Nifty-200 companies. This trend was driven by retirements, resignations, and succession planning.
Airtel, Jio post AGR growth in Q1FY26; Vodafone Idea stays flat
Bharti Airtel and Reliance Jio witnessed adjusted gross revenue (AGR) increases of 2.6-2.7% in the June quarter, while Vodafone Idea's AGR remained stable, according to telecom regulator data. The top three operators' AGR collectively rose 16.6% year-on-year.
Wipro’s Q2 net profit rises 6.3% QoQ to Rs 3,227 crore
The fourth largest Indian IT services firm posted a net profit of Rs 3,227 crore for the quarter ended September 30. Revenue rose 1.5% sequentially to Rs 22,301 crore, helped by increased momentum in banking, financial services and insurance (BFSI) and consulting. It, however, fell 1% from a year earlier.
The bar for PMS fund managers to please crorepati investors just got higher after Budget
Recent tax changes in the Union Budget have increased capital gains tax rates, complicating the task for PMS fund managers to generate higher post-tax returns compared to mutual funds. Despite a historical trend of outperforming mutual funds, PMS schemes now require higher annual returns to stay competitive. Long-term strategies are less impacted, while short-term focused approaches suffer.
Chief HR officer roles in India Inc see highest churn
One in every 10 CXOs changed jobs in the year ending June, with certain roles experiencing higher turnover than others, according to an analysis by specialist staffing firm Xpheno. The study, based on 37,000 C-suite movements, found that the roles of chief human resources officer (CHRO) saw the highest churn at 20%, followed by chief sales officers (CSOs) at 18% and chief product officers (CPOs) at 15%.
Wipro shares rose 116% under Thierry Delaporte's tenure. All eyes now on insider CEO
Wipro's market cap soared by Rs 1.36 lakh crore in 4 years under Thierry Delaporte, elevating shares by 116%. Srinivas Pallia succeeded him as CEO. Aparna Iyer was named CFO, maintaining internal leadership transition.
India’s API industry faces high leadership talent churn: Report
Talent churn in manufacturing leadership is currently at about 40% and the trend is expected to continue, given the demand supply gap with the API industry attracting robust investments, the executive search firm said in a report on Thursday.
Attrition challenge mainly in Jr management; will pursue inorganic growth opportunities: Kotak Mahindra Bank
Building a team of talented, engaged and motivated employees features in a list of nine strategic drivers which the bank will be pursuing going ahead, Apte said. The bank, which has had a history of acquisitions, will also pursue inorganic opportunities, Apte said, including this item in the list of strategic drivers.
NSE to conduct special pre-open session in RIL shares on July 20
Reliance has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger, shareholders of Reliance will get one share of the demerged entity Reliance Strategic Investments for every one share held by them in the conglomerate.
Europe’s key strategic forum begins amid major churning in geo-politics
India is the only Asian country invited for this edition of BSF where Foreign Minister S Jaishankar will elaborate on India’s Indo-Pacific vision on Thursday besides meeting EU Foreign Ministers. Afghanistan among other issues will among key talking points when Jaishankar meets the EU Foreign Ministers.
Wipro appoints Yes Bank’s Anup Purohit as chief information officer
Anup Purohit’s appointment comes after a massive leadership churn at Wipro which started after CEO Thierry Delaporte rejigged the organisation structure.
View: India needs to reset its relationship with China drastically
The changing global conversation on China provides a whole new political context to fashion a fresh approach.
Hedge funds pile on bullish bets on oil
The anti-corruption drive of Crown Prince Mohammed bin Salman against Iranian influence has stoked a war in Yemen.
New lenders to bring better home loan deals for buyers
Competition expected to drive churn via refinance route as a host of fresh entrants intensify competition in the segment.
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