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Here are this year’s winners who exemplify extraordinary leadership, innovation, and contribution: Reformer of the Year: Ashwini Vaishnaw, Minister of Railways, Electronics & Information Technology and Information & Broadcasting Ashwini Vaishnaw, a Wharton Business School alumnus and former IAS officer, has driven India's transformation into a manufacturing hub. Under his leadership, Indian Railways is undergoing a historic modernization push with significant capital expenditure. From encouraging local production of mobile phones and IT hardware to upgrading rolling stock for railways, his vision creates a conducive environment for public and private investment. Business Leader of the Year: Kumar Mangalam Birla, Chairman, Aditya Birla Group Under Kumar Mangalam Birla's visionary leadership, the Aditya Birla Group has reached remarkable milestones, surpassing $100 billion in market capitalisation. The group expanded its footprint across cement, paints, and branded jewellery while strengthening its core sectors. Known for his focus on scale and innovation, Birla’s legacy as a transformative business leader continues to thrive.

Indian oil explorer Oil and Natural Gas Corp will be in focus after it announced that its subsidiary has acquired clean energy company PTC Energy for Rs 925 crore ($106.02 million) as part of its efforts to expand its green energy portfolio. ONGC’s unit, ONGC Green Ltd (OGL) acquired a 100% equity stake in PTC Energy Limited, the company informed on Tuesday. The company has 120 crore equity shares of Rs 10 each by OGL by way of subscription on the right basis, it added.

Subscribe to enjoy similar stories. One of the most famous quips about India that has long held good is British economist Joan Robinson’s “Whatever you can rightly say about India, the opposite is also true." A telling example is the contrast between our high position in the world’s GDP league table, where we rank third in terms of purchasing power parity, and our abysmal 119th spot when it comes to per capita income. But one measure on which we have unanimity, even among argumentative Indians, relates to the rapid adoption of digital technology.

Subscribe to enjoy similar stories. New Delhi: The audit regulator has proposed changes to accounting norms to ensure financial statements of businesses are more transparent and accurate about investments and transactions in foreign currencies for which the exchange rate is not readily available or is unreliable.

Indian banks are in talks with the international financing messaging system SWIFT on migrating to the new instant and real-time gross settlement system under ISO 20022, effective from November 25. So far, only four Indian banks have partially transitioned to the new system, said two bank executives aware of the deliberations. “The matter was discussed at a meeting last month, and it was decided to discuss the issue with officials from SWIFT (Society for Worldwide Interbank Financial Telecommunication) for a smooth transition and, if possible, an extension of the deadline,” said one of the executives, who did not wish to be identified. SWIFT has also suggested expediting the process of migration to the new mechanism, according to the executive.

Subscribe to enjoy similar stories. Coforge Ltd on Tuesday said it has struck a mega 13-year deal worth $1.56 billion with Sabre Corp., a Southlake, Texas-based travel technology company. As part of the deal, Coforge will handle the software product delivery for Sabre and will also execute artificial intelligence-led tasks for the travel technology company.

Securities and Exchange Commission (SEC) are being offered a $50,000 incentive if they are willing to retire or resign as part of an early retirement program, according to an internal memo of the agency. As per Bloomberg, the offer is a voluntary separation incentive or a voluntary early retirement program, with the deadline for the same being March 21.

Subscribe to enjoy similar stories. After years of hype and panic over how many jobs AI will extinguish or replace, it’s clear the technology is bringing some big changes to the coding workforce. AI coding tools, which can automate large portions of code development, emerged as an early generative AI use case, driving double digit percentage efficiency gains and helping more code get written faster.

Chief Minister Omar Abdullah said on Tuesday. The JK Services Selection Board (JKSSB) and JK Public Service Commission (JKPSC) have been tasked with fulfilling 3,727 vacancies since the formation of the government on October 16, last year, he told the Assembly. Chief Minister Abdullah, who is also in charge of the General Administration Department, said this in reply to a question raised by Peoples Conference MLA Sajad Gani Lone. Lone had sought information about the total number of vacancies in various departments in Jammu and Kashmir as of January 31 and those referred to the two government recruiting agencies after the formation of the National Conference-led dispensation.

Sudan, traders and industry sources say, complicating Western companies' efforts to insulate their supply chains from the conflict. Sudan produces around 80% of the world's gum arabic, a natural substance harvested from acacia trees that's widely used to mix, stabilise and thicken ingredients in mass-market products including L'Oreal lipsticks and Nestle petfood. The paramilitary Rapid Support Forces (RSF), at war since April 2023 with Sudan's national army, seized control late last year of the main gum-harvesting regions of Kordofan and Darfur in western Sudan.

On 13 February, finance minister Nirmala Sitharaman introduced the much-awaited bill to replace the existing Income-Tax Act, 1961. Among the changes proposed in the Income-Tax Bill, 2025, a significant one that cannot be overlooked is the extensive power granted to tax authorities to carry out searches of tax evaders.

Subscribe to enjoy similar stories. A former chairperson of the Securities and Exchange Board of India (Sebi), three current whole-time members (WTMs), a former BSE chairman, and the current BSE managing director and CEO have filed petitions challenging a Mumbai court's order that called for the registration of a first information report (FIR) against them over an allegedly fraudulent listing of a company on BSE. Justice SG Dige of the Bombay High Court set to hear the petitions today.

RISC-V chips nationwide for the first time, two sources briefed on the matter said, as Beijing accelerates efforts to curb the country's dependence on Western-owned technology. The policy guidance on boosting the use of RISC-V chips could be released as soon as this month, although the final date could change, the sources said. It is being drafted jointly by eight government bodies, including the Cyberspace Administration of China, China's Ministry of Industry and Information Technology, the Ministry of Science and Technology, and the China National Intellectual Property Administration, they added.

Citigroup Inc. almost shifted about $6 billion to a customer’s account by accident after a staffer handling the transfer copied and pasted the account number into a field for the dollar figure. The near-miss in Citigroup’s wealth-management business magnified the intended amount by more than a thousand times and was detected on the next business day, according to people familiar with the matter. It happened in April, the same month that another part of the bank accidentally credited $81 trillion to a different client. The wealth division’s error was reported to regulators and, within Citigroup’s offices, provoked audible frustration from Andy Sieg, who had arrived just months earlier to run the unit, according to the people, who asked not to be named discussing private information.

During a review meeting of the Housing and Urban Planning Department on Monday, Adityanath stressed that Ansal Group’s «fraudulent practices» against homebuyers would not be tolerated. He directed officials to take strict action against all responsible company officers. «To ensure justice for those affected, CM Adityanath directed that FIRs be filed in all districts where similar cases against the Ansal Group have surfaced, following the pattern observed in Lucknow,» the statement said.

Indian National Congress worker, 22-year-old Himani Narwal’s body was found dumped near Rohtak-Delhi highway in Sampla on March 1. The 22-year-old woman was killed, and her body was stuffed in a suitcase. The police authorities have recovered the suitcase on a bus stop of the busy highway. The case is currently being investigated, and one arrest has been made so far. The accused in the custody is 30-year-old Sachin alias Dhillu.

Donald Trump's new Presidential tenure is bringing in a lot more surprises than what was in store, and latest reports say that he is now planning on dumping the anti-money laundering law altogether, which requires shell companies to disclose their owners and beneficiaries.

Corporate Transparency Act, which requires millions of domestic businesses to declare their real beneficial owners. The current administration under President Donald Trump has opposed the «beneficial ownership information (BOI)» reporting requirement, which was enforced through the Corporate Transparency Act.

Value Research to analyze top mutual funds. We examine the key fundamentals of the fund, its portfolio, and performance to help you make an informed investment decision.

Subscribe to enjoy similar stories. New Delhi: The government is exploring urgent legislative changes to ensure swift approvals from the Competition Commission of India (CCI) for the sale of distressed assets after a Supreme Court (SC) order cast a cloud over bankruptcy rescues, two people informed of the development said.

Subscribe to enjoy similar stories. Leading financial services firm Motilal Oswal Financial Services will bar its clients from taking intraday short-selling position on stocks that are not part of the futures and options (F&O) segment from Monday. Motilal Oswal Financial Services, with 10.3 lakh clients at the end of January, is the first large brokerage to undertake such a move at a time when the markets have been battered for five straight months.