Market News
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‘Death of Software?’ Anand Mahindra calls AI doom ‘Greatly Exaggerated’ amid IT stock crash
Indian IT stocks face sharp corrections amid AI disruption fears. Anand Mahindra advises against extreme AI doomsday predictions. He believes AI will pressure IT firms to adapt, focusing on outcomes and value delivery. While some roles may change, new opportunities in AI integration and governance will emerge.
LTIMindtree partners with NVIDIA to drive AI-led tax modernisation for CBDT
LTIMindtree partners with NVIDIA to modernise CBDT’s Insight 2.0 tax analytics platform, deploying BlueVerse and AI for improved governance, compliance, and citizen services in India.
TCS partners with GitLab to bring AI-driven automation to enterprise software
TCS and GitLab collaborate to deploy AI-powered DevSecOps, enabling enterprises to accelerate software development, modernise legacy systems, and ensure security and governance at scale.
India regulator pursues fund diversion allegations against Zee
SEBI issued a show-cause notice to Zee Entertainment Enterprises Ltd. and its leadership over fund diversion and governance lapses, impacting its abandoned Sony merger and shareholder losses.
VL E-Governance & IT Solutions Ltd leads gainers in 'B' group
Abans Financial Services Ltd, Novartis India Ltd, Centum Electronics Ltd and BLB Ltd are among the other gainers in the BSE's 'B' group today, 20 February 2026.
Sebi sends show-cause notice to ZEEL over 'fund diversion'
India's market regulator Sebi has issued a show cause notice to Zee Entertainment Enterprises and its top executives. The notice alleges fund diversion and governance lapses. Zee Entertainment has denied all allegations. The company plans to file a response and take legal steps to protect shareholder interests.
Sebi sends show-cause notice to ZEEL over 'fund diversion'
India's market regulator Sebi has issued a show cause notice to Zee Entertainment Enterprises and its top executives. The notice alleges fund diversion and governance lapses. Zee Entertainment has denied all allegations. The company plans to file a response and take legal steps to protect shareholder interests.
Medikabazaar looks to raise $50mn as it charts a growth-led turnaround
Medikabazaar plans to raise ₹450 crore from existing and new investors as it looks to expand after a whistleblower-led governance scandal a little more than two years ago. The company claims it has turned Ebitda positive and is targeting ₹3,000 crore revenue by FY27.
Nestlé proposes former Swiss Central Bank Chief, P&G Executive for Board in governance overhaul
Nestlé has nominated Fama Francisco and former Swiss National Bank chief Thomas Jordan to its board, as it expands committees and tightens governance ahead of its April AGM.
MC Exclusive: From aerospace to consumer electronics: Aequs founder on the company's next growth phase
After spending nearly two decades building capabilities, Aequs believes it is entering a new phase of growth. Aravind Melligeri discusses capacity expansion, consumer electronics, engine manufacturing, capital allocation, leverage, governance and the company's long-term financial ambitions
HDFC Bank Chairman Resigns | Stock Falls 5% | Bank Denies Governance Concerns | Centre Point
Atanu Chakraborty has resigned as Part-Time Chairman and Independent Director of HDFC Bank, citing that certain practices at the bank over the past two years were not aligned with his personal values. The RBI has approved Keki Mistry as Interim Part-Time Chairman for three months. The development comes as the benefits of the HDFC Bank–HDFC Ltd merger are still unfolding. Meanwhile, US-listed HDFC Bank ADRs dropped 7% overnight, raising questions among investors about leadership transition at India’s largest private lender. Watch the full MC Pro analysis on what this means for HDFC Bank and its investors.
HDFC Bank stock rating - 'buy'; brokerages eye up to 55% upside, see no governance concerns post chairman exit
HDFC stock rating and share price target: Brokerages have retained their bullish calls on HDFC Bank stock. They see no material governance concerns despite part-time Chairman Atanu Chakraborty's resignation. Jefferies and Motilal Oswal Financial Services have rated HDFC Bank shares as 'buy', with a potential 55 percent upside.