Market News
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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.
US DoJ Says Adani Case Should Never Have Been Brought, Urges Judge To Drop Charges Permanently
The DOJ said requiring prosecutors to publicly justify decisions to drop cases would discourage future dismissals, expose privileged internal deliberations and infringe on the executive branch's constitutional authority over charging decisions.
Not sensors or AI, why revolving tyres may become the next big thing in vehicle safety
Future car safety is shifting from reacting to problems to predicting them, with a new focus on understanding tyre grip and road conditions in real-time. Instead of adding more hardware, software could analyze existing vehicle data to estimate traction limits before a car loses control. This innovation promises safer driving, especially in challenging conditions, without increasing manufacturing costs.
As food inflation bites, Nestle turns to smaller cities to drive growth
Nestle India is strategically focusing on tier-2 and tier-3 markets for growth, anticipating rising consumption in these areas. Despite facing uneven demand and rising commodity costs in FY26, the company is investing in rural and semi-urban markets to drive future consumption. Nestle India reported a nearly 15% domestic sales increase, driven by volume growth and market share gains, as it navigates a dynamic economic landscape.
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.
Quick commerce is helping Nestle India's premium products reach beyond metros, MD Tiwary says at AGM
Nestle India is prioritizing quick commerce for premium products and focusing on healthier reformulations, according to Chairman Manish Tiwary. The company is expanding its digital reach and improving nutritional profiles by reducing sugar, salt, and fat. Rural India is identified as a key growth driver, with investments in distribution and technology to support future demand and brand building.
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.