Corporate Trends
Hunt for R&D talent picks up pace at health-tech, pharma firms
Pharmaceutical and health-tech companies are significantly expanding their research and development teams to foster innovation and meet stringent regulatory standards. This surge is fueled by private equity investments and a growing emphasis on AI, machine learning, and digital therapeutics. Recruitment firms report a substantial increase in R&D hiring across various levels, with specialized talent in high demand.
Tikona Infinet settles CCD dues with L&T Finance, moves to exit insolvency process
Tikona Infinet settles its dues with L&T Finance related to Series 'E' Compulsorily Convertible Debentures, leading to the withdrawal of the insolvency petition from the NCLT. The dispute, centered on coupon rights among shareholders, has been resolved amicably through a settlement agreement. The withdrawal application is currently under process.
Gensol founders Anmol Singh Jaggi and Puneet Singh Jaggi resign
Gensol Engineering's Managing Director Anmol Singh Jaggi and Whole-time Director Puneet Singh Jaggi have resigned, effective May 12, following a SEBI order. The regulatory action bars them from securities markets due to accusations of siphoning loan funds for personal use. This raises concerns about corporate governance within Gensol Engineering and their electric mobility venture, BluSmart Mobility.
Young, digital, and debt-averse: Gen Z’s new money mantra
Contrary to popular belief, Indian Gen Z is prioritizing financial stability. The ET Snapchat Gen Z Index reveals that young Indians are saving early, investing cautiously, and focusing on long-term security. They favor traditional instruments like FDs and savings accounts, showing a preference for planned spending on gadgets, education, and investments funded primarily through personal savings.
Murugappa Group 3-way split talks are back on track
Murugappa Group's promoters are actively working towards a new family settlement. The goal is to resolve disagreements and facilitate a three-way split. Advisors are helping with a legally sound and tax-efficient separation structure. The evolving consensus includes right of first refusal on share transfers. Businesses with higher valuations will contribute proportionately.
Border tension eases: Consumer companies see demand recovery and revival in sentiment
Easing tensions between India and Pakistan bring hope for a revival in consumer sentiment and demand after a recent dip. The war-like situation impacted normal life and sales across multiple states, but the ceasefire is expected to improve the situation. Companies anticipate a recovery in the coming weeks, with consumers returning and sales picking up, especially in border states.
SP Group launches internal inquiry on arrest of executive in bribery case
The Shapoorji Pallonji group has initiated an internal inquiry following the arrest of one of its executives by the CBI in connection with a bribery case. The CBI arrested an Income Tax Commissioner, along with others, for allegedly accepting a bribe to settle an appeal in favor of the Shapoorji Pallonji Group.
Mukesh Ambani salutes Operation Sindoor and conveys appreciation for the Indian Armed Forces
Mukesh Ambani praised the Indian Armed Forces for Operation Sindoor. He affirmed India's united stance against terrorism. Ambani highlighted Prime Minister Narendra Modi's leadership in responding to provocations. He emphasized that India will defend its soil and its people. Reliance is ready to support national unity. India seeks peace but will not compromise its pride or security.
Titan names Tanishq CEO Ajoy Chawla as next MD; Q4 profit up 12.9%, FY25 net dips 4.6%
Titan Company has announced Ajoy Chawla, currently CEO of Tanishq, as its next Managing Director, effective January 1, 2026, succeeding C K Venkatraman. The company's Q4 consolidated income rose by 22% year-on-year, with net profit increasing by 12.9% to ₹871 crore.
Titan says MD CK Venkataraman to retire by year end
Titan, the Indian jeweller and watchmaker, announced that Managing Director C. K. Venkataraman will retire at the end of the year after a long tenure of 30 years. Ajoy Chawla, currently the CEO of the jewellery division, will succeed him. Under Chawla's leadership, the jewellery division experienced significant growth, with sales and profits increasing 2.5 times.
Must Watch
A billion litres and beyond: Hinduja family’s water heritage revival mission
The Hinduja Foundation is dedicated to water stewardship, reviving India's traditional water systems and providing clean drinking water under the Jal Jeevan mission. Since 2018, they've reached over 5 million people in 4,000 villages by restoring lakes and wells, installing RO systems, and promoting community involvement. These efforts enhance livelihoods, ecology, and offer a scalable model for national water security.
Four iconic brands to watch in 2025
Several standout brands are making significant strides in 2025, demonstrating innovation and market influence. Apex Group, a financial solutions provider, excels with its global reach and diverse services. Natural Remedies Pvt Ltd focuses on research-driven botanical healthcare. Adhyyan Books, led by CA (Dr.) Nitin Soni, is recognized as a rapidly growing self-publishing house.
No overseas investment if old lapses not fixed: RBI
The RBI is cracking down on corporates with unresolved ODI violations, setting an August 25, 2025 deadline. Companies failing to rectify past lapses face compounding or adjudication before making further foreign financial commitments. This move aims to address non-disclosure of financial details on old ODIs, potentially impacting future overseas deals if compliance isn't addressed promptly.
Gautam Adani's team meets Trump officials in bid to close US bribery case: Report
Gautam Adani's representatives reportedly engaged with Trump administration officials, seeking the dismissal of criminal charges related to an overseas bribery probe. The U.S. authorities indicted Adani and his nephew for allegedly paying bribes to secure Indian power supply contracts and misleading U.S. investors. The SEC also summoned them for misrepresenting antibribery compliance during a bond offering.
Professional services firms seek PE money to expand as scale becomes a necessity
Grant Thornton Bharat is in discussions with multiple funds to secure private equity, mirroring a global trend in professional services. Firms are seeking capital for expansion, technology investments, and to offer competitive compensation. This move could revolutionize the sector in India, potentially leading to more mergers and acquisitions as firms strive for scale and global reach.
Shraddha Kapoor and Instagram Head Adam Mosseri discuss India’s Digital Renaissance
At the WAVES 2025 summit in Goa, Shraddha Kapoor and Adam Mosseri discussed India's growing digital influence, highlighting its mobile-first approach and diverse creator ecosystem. Kapoor emphasized India's leadership in the digital revolution and the importance of multilingual content. She also shared Maharashtra's culture with Mosseri by offering him homemade puran poli.
