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Subscribe to enjoy similar stories. The high-stakes battle in a US court between two of India’s biggest IT services companies—Cognizant Technology Solutions Corp and Infosys Ltd—took a curious turn this week.

The chief executive of the Canadian Imperial Bank of Commerce is retiring in October after spending more than a decade in the top post.

Tata Consultancy Services (TCS) has promoted Sudeep Kunnumal as the company’s as the chief human resources officer (CHRO) designate with effect from March 14, the company’s regulatory filing showed. The development comes upon superannuation of his predecessor Milind Lakkad, who was the CHRO and executive vice president for almost six years at the Tata group subsidiary, the filing showed. Lakkad, who joined TCS as a trainee in 1987, spent over 38 years taking up several roles including taking over as the head of Manufacturing Practice in 2006 rising to the ranks to head the Manufacturing Business Group in two years.

$5,000 stimulus checks in their bank accounts, because of the DOGE dividend proposal. The plan, which is being considered by the Trump administration, would give 20% of the savings from DOGE to taxpayers in the form of $5,000 checks, The Sun reported. Billionaire Elon Musk, the driving force behind DOGE, or the Department of Government Efficiency to reduce federal expenditure, has pledged to save US taxpayers $2 trillion, according to reports. The suggestion to return part of these savings to American consumers was initially brought forth by James Fishback, the CEO of investment firm Bay West Capital and has gained the attention of US president Donald Trump and Musk.

Datta Power Infra on Thursday announced signing a power purchase agreement with state-owned SJVN to set up a 70 MW wind energy project. SJVN's WIND-1 initiative aims to develop 600 MW of ISTS-connected (Inter-State Transmission System) wind power projects across India, the company said in a statement. Varchasvi Gagal, Managing Director & CEO of Datta Power Infra, said: «We collaborate with SJVN Limited on this landmark 70-MW wind power project, which is a significant step toward strengthening India's renewable energy ecosystem». Datta Power Infra is focused on the end-to-end development of renewable energy projects, including building transmission lines and substations and undertaking engineering, procurement, and construction (EPC) for renewable energy projects.

Canadian Imperial Bank of Commerce appointed Harry Culham to succeed chief executive Victor Dodig, who will retire in November after leading the nation’s fifth-largest lender for more than a decade.

JSW Energy on Thursday announced the signing of a power purchase agreement with West Bengal State Electricity Distribution Company to set up a 1,600 MW thermal project. Besides, it has received a commercial operation date (CoD) certificate for Unit 2 of the 2X350MW Utkal thermal power plant, the company said in an exchange filing. A power purchase agreement (PPA) has been signed with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for a greenfield 1,600 MW (2 x 800 MW) super/ultra super critical thermal power plant, it added. The 1,600 MW greenfield thermal power project, to be constructed in Salboni, West Bengal, is scheduled for commissioning in the next five years.

Subscribe to enjoy similar stories. The virtue economy has completely burst [in the US]. Many companies are cutting their diversity, equity and inclusion (DEI) programmes, environmental, social and government (ESG) funding in the US has fallen, and companies are being quieter about politics.

JioHotstar has set new records in India’s live sports streaming with the ICC Men’s Champions Trophy 2025, drawing 540+ crore views and nearly 11,000 crore minutes of watch time, cementing its dominance in digital sports. The India vs. New Zealand final captivated audiences nationwide, drawing 124.2 crore views and reaching a peak concurrency of 6.12 crores. Hindi-speaking regions contributed over 38% of total viewership, with Uttar Pradesh, Uttarakhand, Maharashtra, Goa, Punjab, and Haryana leading consumption. Large-screen viewing also saw a surge, with JioHotstar achieving over 80% penetration in WiFi-enabled CTV households, and Maharashtra recording the highest viewership. Kiran Mani, CEO – Digital, JioStar, highlighted the platform’s scale and accessibility: «The overwhelming response to the ICC Men’s Champions Trophy 2025 marks a leap toward the billion-screen opportunity, where seamless access and immersive engagement are now the expectation, not the exception. The tournament also saw the highest-ever single-day subscriptions since launch, during the India vs Australia match, further underscoring the scale at which audiences are embracing digital streaming. This moment is a testament to our commitment to making high-quality experiences accessible to all and transforming digital consumption in India, as we continue to deliver unparalleled, seamless, and inclusive experiences built for the future.»

Pi Network Coin rose 13% to $1.68 on Thursday, partially recovering from recent losses. However, the cryptocurrency remains down 44% from its all-time high of $2.98, underscoring ongoing volatility in the broader crypto market. The crypto market rebounded strongly, with Bitcoin surging to $84,000 and XRP rising 4%, while Ethereum, BNB, and Solana also posted notable gains.

Bitcoin and major cryptocurrencies surged on Thursday after softer U.S. inflation data eased economic concerns. U.S. consumer prices rose 0.2% in February, slowing from 0.5% in January. Excluding food and energy, core CPI also increased 0.2%, down from 0.4% the previous month. The data was closely watched amid softer economic indicators and the potential inflationary impact of Trump's tariff policies.

Blackstone chairman and CEO Stephen Schwarzman believes the new US tariff regime has the potential to boost growth and strengthen American consumption demand by attracting foreign investment. Speaking during his visit to India to mark Blackstone’s 20th anniversary in the country, Schwarzman discussed global trade, US policy, and India’s economic prospects. Addressing concerns about the impact of reciprocal tariffs on the US economy, he said that while input costs for American businesses may rise, the policy is already stimulating large-scale inbound investments.

Subscribe to enjoy similar stories. As President Donald Trump ramps up his trade war with the rest of the world, there’s a message for the CEOs of European companies that have struggled to keep up with U.S. peers: Time’s up.

Subscribe to enjoy similar stories. WASHINGTON—How business leaders talk about the Trump administration in private has been markedly different than what they are game to say in public. The dissonance was on full display here this week.

Trump presidency. But did any CEOs expect fierce trade wars with America’s closest allies? And did any investors expect the current nosedive in the markets? America’s businessman president is turning out to be a capital-basher like no other. The S&P Index has just recorded its worst performance compared with the rest of the world this century. The dollar is weakening, inflationary pressure is rising and credible voices are predicting a recession.

Global trade is forecast to grow, albeit less robustly, as the world reacts to U.S. President Donald Trump's tariff policies, Germany's DHL Group CEO Tobias Meyer told Reuters on Wednesday. «That outlook is mainly based on the 75% of global trade that does not touch the U.S.,» said Meyer, who noted that segment is seeing positive momentum. The global goods trade is expected to expand at a compound annual rate of 3.1% from 2024 to 2029, a modestly faster pace than during the preceding decade, according to the DHL Trade Atlas 2025 prepared by delivery firm and New York University's Stern School of Business.

Lip-Bu Tan may be one of the most powerful technology executives you've never heard of. As he steps into one of the highest-profile jobs on the planet, CEO of troubled, storied chipmaker Intel, his performance will be on full display. Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the «silicon» in Silicon Valley. While little known to the public, his advantage is that virtually every one of Intel's former and potential customers knows him and has done business with him, either buying one of the many startups he backed or using software from a company he ran.

Tan told the Intel team his focus would be on engineering, saying it «won't be easy» to overcome challenges faced by the company. Tan, who was born in Malaysia, will start as Intel chief on March 18, according to the company.

Struggling chipmaker Intel has hired former board member and semiconductor industry veteran Lip-Bu Tan as the latest in a succession of CEOs to attempt to turn around the company that helped define Silicon Valley

South by Southwest festival, Bluesky CEO Jay Graber made a quiet but pointed statement wearing a black T-shirt emblazoned with the Latin phrase “Mundus sine caesaribus” (“a world without Caesars”). The message was a direct clapback at Meta CEO Mark Zuckerberg, who months earlier had sported a similar shirt reading “aut Zuck aut nihil”, a twist on the ancient slogan “aut Caesar aut nihil” (“either a Caesar or nothing”). Graber’s fashion choice wasn’t just a meme; it encapsulated Bluesky’s mission to dismantle the idea of a social media emperor ruling over users. “Our infrastructure shouldn’t be controlled by one CEO,” Bluesky’s Emily Liu told Huffington Post, framing the platform’s decentralized model as a rebellion against Zuckerberg’s—or any billionaire’s dominance.

Nvidia will stream the keynote free on its website.