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Subscribe to enjoy similar stories.Late on Sunday, Tata Trusts announced it would seek to amend an exclusionary clause in the 103-year-old Bai Hirabai Trust, a charitable entity under its control, that restricts eligibility for trustee positions to members of the Zoroastrian community. The move has put the spotlight back on long-standing disputes within the philanthropic organizations that hold a majority stake in Tata Sons.Here is a snapshot of the simmering tensions that have gripped the House of Tata since the death of Ratan Tata on 9 October 2024.Since Ratan Tata’s demise, India’s largest industrial conglomerate has seen several top-level skirmishes.

Subscribe to enjoy similar stories.Bengaluru: Real estate investment firm Certus Capital plans to invest around ₹2000 crore in residential, office and mixed-use development projects in 2026-27, said a top executive.The Mumbai-headquartered firm will deploy the capital through a combination of proprietary balance sheet and its recently launched alternative investment fund (AIF).Certus Capital is currently raising its second Category-2 AIF—Certus TFCI Real Estate Fund—of ₹500 crore plus a green-shoe option of ₹500 crore. Tourism Finance Corp.

Subscribe to enjoy similar stories.Utilities plan $1.4 trillion in capital expenditures through 2030, a 21% increase, driven by AI’s rising power demands.Global data center electricity demand is projected to double by 2030 to 945 terawatt-hours, with over 800 new centers in development.AI power infrastructure companies like GE Vernova (up 38%) and Vertiv (up 80%) have strong backlogs and high valuations.Tech is leading the market again as the war in Iran recedes and first-quarter earnings come in strong. It’s a great sign for companies supplying the industry’s insatiable thirst for power generation and infrastructure.Utilities plan to spend $1.4 trillion on capital expenditures through 2030, up 21% from estimates last year, according to the nonprofit PowerLines.

Subscribe to enjoy similar stories.FOR DECADES Americans have fretted that China might dump its vast holdings of Treasuries, undermining the dollar. Global investors therefore snapped to attention when Bloomberg, a news agency, reported on February 9th that China’s regulators have warned commercial banks against holding too many American government bonds. Some banks have been told to cut their exposure.

Subscribe to enjoy similar stories.Kevin Warsh spent the past year constructing a case for the Federal Reserve to deliver the interest-rate cuts President Trump wants: An artificial-intelligence boom would soon deliver a productivity surge that would hold down prices.When Warsh appears Tuesday in front of senators for the confirmation hearing that could put him one step closer to leading the central bank, his toughest audience could be his future colleagues. They have been delicately but unmistakably signaling their pointed skepticism.If confirmed, he stands to inherit a Fed caught between a technological shift that has yet to hold prices down and a fracturing geopolitical landscape that keeps threatening to push prices up.

Subscribe to enjoy similar stories.The government’s move to link the Nari Shakti Vandan Adhiniyam (Women’s Reservation Act of 2023) with nationwide delimitation, or redrawing electoral constituency boundaries based on population, has stoked the latent but ever-growing sense of injustice that India’s southern states have long been smarting under.Remember, it was not so long ago that Chandrababu Naidu, chief minister of Andhra Pradesh and a member of India’s ruling National Democratic Alliance (NDA), urged Andhra people to have more children. And Tamil Nadu chief minister M.K.

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Subscribe to enjoy similar stories.HDFC Bank management’s focus has shifted from bringing down the loan-to-deposit ratio (LDR) to pursuing credit growth opportunities. In its March quarter (Q4FY26) earnings call, the management stated that LDR is not a constraint, citing similar comments from the Reserve Bank of India (RBI).

Subscribe to enjoy similar stories.All new steel plants opening till the year 2030 may have to mandatorily use 30% domestic coking coal, under a plan to reduce import dependence and boost local coal use. Currently, steel plants use a maximum of 20% domestic coal in their operations.The blending mandate is expected to reduce the cost of importing coking coal by almost 25%, two people aware of the plan said.

Subscribe to enjoy similar stories.Opportunistic investors who traded for only a single day constituted almost a whopping one-fourth of the 35.8 million active retail investors on the National Stock Exchange (NSE) last fiscal year, data in the bourse's monthly Market Pulse issue showed.Even when aggregated, investors trading up to 10 days constituted 69% of the total active retail base. This reveals a "highly skewed, long-tailed pattern, where bulk of investors trade only a handful of days in a year, while a very small proportion participates regularly," according to NSE's Economic Policy & Research Department (NSE EPR), which prepared the data.In absolute terms, those trading for just one day stood at 8.43 million investors, comprising 24% of the total individual investor base of 35.84 million.

Subscribe to enjoy similar stories.Cognizant Technology Solutions Corp. has become the first homegrown information technology (IT) services company to grant its board complete oversight of artificial intelligence, underlining the technology's importance amid an uncertain demand environment.As part of its AI guidelines, the company's board of directors will monitor the use of AI tools and their financial impact on the company.

Subscribe to enjoy similar stories.Stock market recap: Indian equity markets ended the week on a firm note, with the Nifty 50 rising 156.8 points, or 0.65%, to close at 24,353.55. Easing tensions in West Asia and a cooling India VIX, down about 5% to 17.21, lifted sentiment, pushing investors into a risk-on mode.Market breadth was strong, with an advance-decline ratio of 2.6:1 as 2,364 stocks rose against 894 declines on the NSE.Among sectors, the Nifty FMCG index led gains, climbing 2.65% on the back of a nearly 5% jump in Hindustan Unilever, driven by upbeat volume growth expectations.

Subscribe to enjoy similar stories.The Nifty 50 and Sensex rose over 1% last week, extending gains a week before—their strongest in over five years—but the pace has now moderated. On Friday, both indices closed about 0.65% higher, with the Nifty at 24,353.55 and the Sensex at 78,493.56. With signs of stability emerging, we should look at stock-specific action.IRCON(Cmp ₹154.69)Why it’s recommended: Triveni Turbine (TRITURBINE) is a leading India-based manufacturer of industrial steam turbines up to 100 MW, specialising in design, manufacture, and custom-engineered back-pressure and condensing steam turbines.

Subscribe to enjoy similar stories.Nearly four years ago, Jaquar Group launched a series of ads about an entirely new business it had entered: lights. For a company synonymous with bathroom fittings, it was a difficult campaign to pull off.

Subscribe to enjoy similar stories.Intel still has a long way to go to reclaim its former glory. The problem is that investors are acting like that’s already happened.The storied chip maker’s stock price has soared 88% so far this year, and more than tripled over the last 12 months.

Subscribe to enjoy similar stories.New Delhi: Earlier this year, the government issued a much-awaited update to the methods by which it measures national income and gross domestic product (GDP).According to the government, key reforms to the way GDP is calculated “include revising the base years of GDP and price indices, strengthening the measurement of the informal and services sectors, improving labour market statistics, adopting advanced survey methods and technology, and enhancing transparency…”Based on the new methodology, India’s GDP grew 7.2%, 7.1% and 7.6% in real (inflation-adjusted) terms in FY24, FY25, and FY26, respectively, compared to the 9.2%, 6.5% and 7.4% growth rates last estimated using the old methodology. In absolute terms, GDP is now lower than previously pegged: at current prices (not adjusted for inflation), India added ₹345.47 trillion in economic output in 2025-26, not ₹357.14 trillion as believed using the old technique.

Subscribe to enjoy similar stories.Big banks in America have ridden a dealmaking boom that has helped drive demand for corporate loans and pulled record-breaking fees from the wild swings in financial markets. But the most surprising and intriguing news so far in the past week’s earnings parade of the US financial sector was the diverging fortunes of bond traders at Goldman Sachs and JPMorgan Chase.The war in the West Asia has created a huge amount of uncertainty since the American and Israeli attacks on Iran began at the end of February, but mergers and acquisitions still got done and US commercial and industrial loans jumped by the most in more than three years.

Subscribe to enjoy similar stories.Economists often talk of ‘inflationary expectations’ and one may be left wondering what these mean. In essence, the argument goes that present inflation is not relevant as this has already been witnessed. What is important is future inflation, which is why expectations of price levels matter.

Subscribe to enjoy similar stories.MUMBAI: With its iron ore mining leases in Jharkhand and Odisha set to expire by 2030, Tata Steel is preparing for a future that could see fewer permanent workers.The company has slowed hiring of permanent blue-collar workers over the past two years and is sensitizing its existing workforce and unions to a potential transition, including the possibility of moving to a new mine owner.“Tata Steel will see its number of permanent workers transition after 2030 as some of its captive iron ore mining leases come up for expiry,” Atrayee Sanyal, chief people officer at Tata Steel Group told Mint in an interview at the company’s headquarters in Bombay House in Mumbai.At the end of FY25, Tata Steel’s permanent blue-collar workforce stood at 31,794, down by 585 workers compared to FY24, according to the company.Sanyal outlined three possible scenarios for the workforce, depending on the outcome of mandatory auctions for the mines under the amended Mines and Minerals (Development and Regulation) Act. If Tata Steel retains the leases, there will be “no impact on workers”.

Subscribe to enjoy similar stories.There is a particular kind of Indian investor I have come to admire over the years—disciplined, patient, and largely immune to fads. They began a few SIPs decades ago, quietly added to them, never panicked during crashes, and never chased the hot sector of the moment.They built real wealth—not through brilliance, but through consistency and time. Their family will be materially better off because of what they did.And yet, when such a person dies, what often follows is a scene their careful investing was never meant to produce.A spouse who knows money exists somewhere but cannot say where.

Subscribe to enjoy similar stories.China is making strides in open-source artificial intelligence. Eighty percent of developers worldwide who use open-source AI tools are building with Chinese models, according to an estimate by our colleague Martin Casado, general partner at Andreessen Horowitz. Research from our firm and OpenRouter shows a significant increase in the use of Chinese open models last year, reaching in some weeks a high of 30% of all AI usage.