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Healthcare stock Unihealth Hospitals hits 5% upper circuit; here's why
Unihealth Hospitals shares hit the 5% upper circuit after announcing a 49.81% stake acquisition in Uganda's Victoria Hospital, boosting its ownership to 99.81%. This strategic move supports its international expansion goals and ensures future economic benefits directly benefit its shareholders.
The Q1 verdict: Can TCS, Infosys, other IT results stop a Rs 17 lakh crore AI-led rout?
India's top IT firms like TCS and Infosys face a crucial earnings season after a massive Rs 17 lakh crore market value erosion. Analysts anticipate muted results and weak future guidance, citing client spending slowdowns, pricing pressures, and the disruptive impact of AI. Investors are keenly watching if current valuations reflect the anticipated slower growth cycle.
Bhutani Group gets NCLT approval to take over Noida's Entertainment City
NCLT has cleared the Bhutani Group's acquisition of Entertainment City, which includes The Great India Place and Worlds of Wonder. The group plans a Rs 10,000 crore investment to transform the Noida site into a major entertainment hub. This NCLT order resolves a long-standing dispute, allowing Bhutani Infra to proceed with developing the 147-acre project, which also features vacant land for future expansion.
NPCI's Dilip Asbe joins Swift's global supervisory board
Dilip Asbe, CEO of NPCI, has joined Swift's global supervisory board, a significant step for India's payment ambitions. This appointment, pending regulatory approval, grants India a voice in global payment standards, recognizing the success of UPI. Asbe's leadership has been pivotal in developing India's advanced payment systems, positioning the nation as a key influencer in shaping future cross-border financial infrastructure.
NPCI's Dilip Asbe joins Swift's global supervisory board
Dilip Asbe, CEO of NPCI, has joined Swift's global supervisory board, a significant step for India's payment ambitions. This appointment, pending regulatory approval, grants India a voice in global payment standards, recognizing the success of UPI. Asbe's leadership has been pivotal in developing India's advanced payment systems, positioning the nation as a key influencer in shaping future cross-border financial infrastructure.
Allahabad HC dismisses writ petition challenging Great Value Realty project in Noida
The Allahabad High Court has cleared the path for Great Value Realty's ultra-luxury Ekanam project in Noida, dismissing a challenge against additional floor area ratio (FAR). The ruling allows the developer to proceed with the 4-acre, Rs 3,000 crore development, which includes 280 residences. The court found the land was always designated for future expansion and that a majority of homebuyers supported the plan, with the Noida Authority acting transparently.
Aswath Damodaran predicts this for the future of AI: The next Amazon won't be Nvidia or OpenAI
Damodaran believes AI will neither drastically eliminate jobs nor be a fleeting trend. He predicts it will enhance productivity while replacing certain roles. For investors, the lesson is that potential long-term AI winners might not yet be obvious, as seen in past technology revolutions.
Food inflation shaped household choices; long-term growth potential intact: Nestle chairman
Nestle India's Chairman highlighted how food inflation reshaped consumer choices, impacting pack sizes and purchase habits in FY26. Despite uneven demand and rising commodity costs, the company reported a significant revenue jump of 22.6% for the January-March 2026 quarter. Nestle India is now a global leader for Maggi and KitKat, emphasizing agility and consumer closeness for future growth.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
HDFC Bank develops own AI platform, fraud monitoring system
HDFC Bank is transforming into a tech powerhouse, developing its own AI platform, Neev, and a real-time fraud detection system. These in-house solutions, built by a dedicated engineering team, aim to combat rising banking frauds and enhance customer security. By investing in proprietary technology and engineering talent, the bank is positioning itself for future competition in the evolving financial landscape.
Flipkart appoints Vinay Vaidya as senior vice president of technology for supply chain
Flipkart has appointed Vinay Vaidya as Senior Vice President of Technology for its supply chain, bringing over two decades of experience from Amazon and Tata Digital. Vaidya will spearhead technology and innovation across key areas, including logistics and AI. This strategic hire follows a series of other significant senior appointments aimed at bolstering Flipkart's technological capabilities for future expansion.
Aster DM Quality Care begins operations after Aster DM Healthcare, Blackstone's Quality Care merge
Aster DM Quality Care has officially launched following the merger of Aster DM Healthcare and Blackstone-backed Quality Care India. This integration unites four major healthcare brands, aiming to significantly boost procurement power and operational efficiency. The combined entity, boasting over 10,600 beds across 39 hospitals, is poised to become a top-tier hospital chain in India, with ambitious plans for future expansion.