nanika Editor

Tata Consultancy Services (TCS) has announced a major global strategic partnership with Anthropic, the advanced artificial intelligence firm behind the Claude AI model family. This collaboration aims to accelerate enterprise-scale AI adoption worldwide. As part of the agreement, the IT services giant will establish a dedicated business unit to deliver joint industry solutions, granting TCS early access to Anthropic’s cutting-edge Claude models. To drive internal operational transformation, TCS will equip 50,000 of its employees across engineering, finance, legal, marketing, and sales departments with enterprise-wide Claude licenses. TCS Chief Executive Officer K. Krithivasan stated that combining Claude with the company’s deep…

In a major corporate development, Rajiv Bajaj, the Managing Director of Bajaj Auto, will step down from the board of Bajaj Finserv. According to a stock exchange filing on Tuesday, the veteran industrialist, who serves as a non-executive director, has informed the company that he will not seek re-election at the upcoming Annual General Meeting (AGM) scheduled for July 31. Consequently, he will officially cease to be a director of the financial services holding company upon retirement by rotation. The decision stems from Rajiv Bajaj’s desire to reduce his external commitments and focus entirely on his multiplying responsibilities at the…

State-owned Life Insurance Corporation of India (LIC) is actively engaging with major financial regulators, including the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI), to expand the availability of long-term investment instruments. LIC Managing Director and CEO R. Doraiswamy revealed that this proactive outreach is driven by a massive, continuous surge of inflows into the corporation’s annuity and pension products. Annuity products convert a policyholder's retirement corpus into a guaranteed, lifelong stream of income, creating long-tailed liabilities for LIC that can span up to 50 years. To safely match these extended liabilities, the insurance…

In a major shift for online retail, Meesho announced that more than 75 percent of its platform orders now originate from personalized product feeds. This surge is powered by its proprietary AI recommendation engine, known as PRISM. The system represents a fundamental shift away from traditional, keyword-based search bars, catering instead to a growing demographic of users who prefer browsing over typing. Serving an enormous user base of 264 million annual transacting users, PRISM analyzes real-time shopper behavior and intent signals. According to Meesho's Chief Data Scientist, Debdoot Mukherjee, the next hundred million Indians coming online will discover products through…

A single shareholder complaint has triggered one of India's biggest corporate governance investigations. The Securities and Exchange Board of India (SEBI) has issued a scathing interim order against gold giant Rajesh Exports Limited (REL), alleging a massive ₹15.15 trillion revenue misrepresentation between FY21 and FY25. What began as a technical query regarding long-overdue trade receivables has now exposed a structural financial puzzle spanning from India to Switzerland. At the heart of the regulatory storm is Rajesh Exports' complex overseas corporate structure. While the parent company reported a staggering consolidated revenue of ₹15.45 trillion over five years, nearly 98 percent—roughly ₹15.18…

In a major development from the corporate world, the Enforcement Directorate has launched a series of searches against the mining conglomerate, Vedanta Group. According to official sources, the federal agency initiated these searches on Monday as part of an ongoing investigation under the Foreign Exchange Management Act, or FEMA. The probe targets the operations of the multi-billion-dollar enterprise promoted by businessman Anil Agarwal. While specific details regarding the exact nature of the alleged financial irregularities have not yet been disclosed by the authorities, sources confirm that the federal agency is currently scrutinizing several cross-border financial transactions and foreign exchange dealings…

Mahindra & Mahindra has clocked an impressive 20 per cent year-on-year growth for May 2026, with total vehicle sales hitting 99,636 units, including exports. The stellar performance highlights sustained demand across both the automotive and agricultural sectors, cementing M&M’s strong market momentum. The utility vehicle segment remained a major growth engine. Mahindra recorded domestic SUV sales of 58,021 units, marking an 11 per cent increase from the previous year. Total utility vehicle sales, factoring in exports, reached 59,573 units. Commenting on the performance, Nalinikanth Gollagunta, CEO of M&M’s Automotive Division, noted that while portfolio demand remains robust, overall production faced…

The Central Bureau of Investigation has filed its first chargesheet in a major case linked to the Reliance ADA Group. Submitted before a Special CBI Judge in Mumbai, the chargesheet names 16 accused individuals and entities, including Reliance Communications Limited (RCom), senior corporate executives, and several public sector bank officials. The investigative agency has leveled serious charges of criminal conspiracy, cheating, criminal misappropriation, and criminal misconduct. Among those accused are five senior RCom executives and 10 bank officials from the State Bank of India, Bank of Maharashtra, and the erstwhile Syndicate Bank. At the heart of the probe is the…