In FY26, TCS reported a remarkable total contract value (TCV) of $40.7 billion, showcasing its ability to secure substantial deals even amidst a downturn. Krithivasan stated, “We have been writing its obituary every 10 years but I think Indian IT services have proven to be very resilient.” This resilience is attributed to the deep skill sets within the industry, which continue to adapt to evolving technological demands.

During the same fiscal year, TCS hired 44,000 trainees and made 25,000 offers for the next hiring cycle, indicating a commitment to nurturing new talent. Furthermore, TCS completed its largest acquisition in over a decade by purchasing Coastal Cloud for $700 million, a strategic move aimed at bolstering its service offerings.

As the industry shifts towards AI-led roles and services, Krithivasan noted a changing landscape in workforce requirements. He remarked, “We will need a lesser proportion of programmers. We require model trainers, context/prompt engineers, people who can test models and agent developers.” This shift underscores the growing importance of artificial intelligence in the IT sector.

Additionally, TCS is preparing to launch its HyperVault data center, expected to go live in 2028, with a target capacity of 1 GW. The company has already established two memorandums of understanding (MoUs) for the data center and is in discussions for further collaborations.

Aarthi Subramanian, a key figure at TCS, emphasized the potential of generative AI, stating, “GenAI has unlocked a significant opportunity in legacy modernization, particularly for large, decades-old systems such as mainframes.” This perspective highlights the transformative impact of AI on traditional IT infrastructures.

Despite the recent revenue decline, Krithivasan remains optimistic about the future, asserting, “Definitely, we are more optimistic. I think some of the headwinds are behind us. So, that’s the opportunity.” As TCS navigates these changes, the broader implications for the Indian IT industry remain to be seen.

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As of the latest trading session, shares of Precision Camshafts Ltd closed at ₹142.50 each. This investment by Kedia is noteworthy, particularly given the company’s recent performance metrics. Although the company’s revenue saw a decline of 8.1%, dropping from ₹194.55 crore to ₹178.68 crore, it has successfully turned around from a previous loss of ₹6.36 crore to a profit of ₹9.21 crore.

Moreover, the operating profit has shown significant improvement, rising from ₹8.15 crore in December 2024 to ₹14.42 crore in December 2025. This shift has also been reflected in the operating profit margin, which increased from 4.19% to 8.07%. Such metrics indicate a potential recovery trajectory for the company.

Precision Camshafts Ltd is a key player in the automotive sector, specializing in the manufacture of camshafts and critical engine components for both passenger and commercial vehicles. Approximately 50% of its revenue is derived from exports, showcasing its strong engineering capabilities and global reach.

The company is not resting on its laurels; it is currently investing around ₹120 crore in capacity expansion and advanced manufacturing processes. Furthermore, it boasts an order book that extends until 2032, with a lifetime potential estimated at ₹1,500 crore.

Observers are keen to see how Kedia’s investment will influence Precision Camshafts Ltd’s strategic direction and market performance moving forward. The automotive industry is notoriously volatile, and while the company has shown signs of recovery, the sustainability of this growth remains to be seen.

Details remain unconfirmed regarding any further strategic initiatives that may arise from Kedia’s involvement. However, the investment underscores a growing confidence in the company’s future prospects.

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Oracle has initiated significant job cuts, impacting 30,000 employees worldwide, with 12,000 roles terminated in India. This restructuring is part of a broader strategy as the company continues to invest heavily in artificial intelligence and automation tools.

Indian employees affected by these layoffs are set to receive severance packages that include 15 days’ salary for each year of service, along with additional benefits. In contrast, US employees are offered a more generous severance structure, starting with four weeks’ salary for the first year of service and increasing to a maximum of 26 weeks after several years.

For those in India, the total compensation could reach up to six months of salary, which includes notice period pay and an ex-gratia amount. Additionally, employees may receive health insurance coverage valued at around Rs 20,000, and unused leave balances along with gratuity payments will be processed separately.

The layoffs have affected employees across various job categories, including engineering, architecture, operations, and program management. Notably, performance was not necessarily a factor in determining which employees were let go, as stated by a professional familiar with the situation: “The individuals affected were not let go because of anything they did or didn’t do.”

Details remain unconfirmed, as the company has not officially disclosed the total number of job cuts nor the specifics of the severance packages. This uncertainty adds to the anxiety among the workforce, as many await clarity on their future.

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OpenAI has acquired the Technology Business Programming Network (TBPN), a strategic move that highlights the organization’s first significant investment in the media sector. TBPN, co-hosted by John Coogan and Jordi Hays, streams live for three hours daily on platforms such as YouTube and X, and is projected to generate over $30 million in revenue this year.

The acquisition represents OpenAI’s most substantial push into media to date, with the terms of the deal remaining undisclosed. TBPN has quickly established itself as a key stop on the media circuit for tech executives, providing engaging content centered on technology and business since its inception in late 2024.

OpenAI’s CEO, Sam Altman, expressed confidence that TBPN will maintain its critical approach, stating, “I do not anticipate a shift in the network’s critical approach toward OpenAI itself.” This sentiment is echoed by Coogan, who assured that “the show won’t change as a result of the acquisition.”

TBPN’s editorial independence has been granted post-acquisition, allowing it to continue its mission of delivering insightful commentary on technology’s impact on daily life. Fidji Simo remarked, “TBPN will bring AI to the world in a way that helps people understand the full impact of this technology on their daily lives.”

The openness to feedback from OpenAI’s team, as highlighted by Hays, played a crucial role in the decision to proceed with the acquisition. He noted, “The openness to feedback and commitment to getting this right from Sam and the OpenAI team stood out to us.”

As TBPN continues to operate under its existing brand, observers are keen to see how this acquisition will influence the broader media landscape and the discourse surrounding artificial intelligence. With TBPN’s established audience and OpenAI’s technological prowess, the potential for innovation in tech journalism is significant.

Details remain unconfirmed regarding the future direction of TBPN’s programming and its integration with OpenAI’s broader objectives. However, the acquisition undoubtedly marks a pivotal moment in the evolving relationship between technology and media.

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“This again?” These were the words of Anirudh Ravichander, a prominent figure in the Indian music industry, as rumors swirled regarding his relationship with Kavya Maran, the co-owner of Sunrisers Hyderabad (SRH). This statement encapsulates the media frenzy surrounding Maran, who has been making headlines not only for her role in the IPL but also for her personal life.

Kavya Maran, who was appointed CEO of SRH in 2018, has been instrumental in the team’s operations. Under her leadership, SRH scored an impressive 201 runs in their first match of IPL 2026, showcasing her effective management skills. However, her decisions have not been without controversy.

Recently, Maran faced backlash for signing Pakistani player Abrar Ahmed for The Hundred, a move that sparked significant debate among fans and analysts alike. The signing, reportedly costing around Rs. 2.34 crore (approximately £190,000), raised eyebrows given the political tensions between India and Pakistan.

Born into a prominent family, Kavya is the daughter of Kalanithi Maran, the owner of Sunrisers Hyderabad. Her educational background is equally impressive; she graduated in commerce from Stella Maris College in Chennai and later completed her MBA at Warwick Business School in England. This blend of education and family legacy has positioned her as a formidable figure in the sports management arena.

In addition to her role with SRH, Maran is also involved with Sunrisers Eastern Cape and Sunrisers Leeds, further expanding her influence in the cricketing world. Her estimated net worth stands at Rs. 409 crores, a testament to her successful ventures in both sports and media as the executive director of Sun TV Network.

While her professional life flourishes, her personal life has also captured public interest. Rumors of her relationship with Anirudh Ravichander have been a topic of discussion, although details remain unconfirmed. The couple’s public appearances and interactions have fueled speculation about their future together.

As the IPL season progresses, all eyes will be on Kavya Maran and her management decisions for SRH. With the team already making a strong start, fans are eager to see how she navigates the challenges ahead, both on and off the field.

In the world of sports management, Kavya Maran is a name to watch. Her ability to balance her professional responsibilities with her personal life will undoubtedly shape her legacy in the IPL and beyond.

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The rise of artificial intelligence is influencing leadership decisions at major companies, prompting significant changes within corporate structures. Doug McMillon, who has served as CEO of Walmart since 2014, has announced his decision to step down, effective February 1, 2026. This move comes as both McMillon and James Quincey, CEO of Coca-Cola, recognize the transformative potential of AI in their respective industries.

In his statement, McMillon expressed, “With what’s happening with AI, I could start this next big set of transformations with AI, but I couldn’t finish.” This acknowledgment reflects a broader trend among leaders in major corporations who are grappling with the implications of AI on their business models and operational strategies.

Quincey, who has led Coca-Cola since 2017, will be succeeded by Henrique Braun. He noted that there is a “huge new shift coming along” due to AI, emphasizing the need for fresh leadership to navigate this evolving landscape. Quincey stated, “My job is also to think who’s the best team to put on the field to get the next wave done,” indicating a strategic pivot towards innovation and adaptation.

Both leaders have highlighted the urgency of embracing AI-driven changes. McMillon began to understand the implications of ‘agentic commerce’ and AI-led shopping before his departure, signaling a recognition of the necessity for companies to evolve in response to technological advancements.

As McMillon prepares to leave Walmart, he reflects on the timing of his decision, stating, “Now was the right time [to step down].” This sentiment resonates with Quincey’s belief that it is crucial to have someone energetic and visionary to lead the next transformation of Coca-Cola.

Observers are keenly watching how these leadership changes will impact both Walmart and Coca-Cola as they navigate the complexities of AI integration. The decisions made by McMillon and Quincey underscore a pivotal moment in corporate governance, where the ability to adapt to technological shifts is paramount for sustained growth.

As the corporate landscape continues to evolve, it remains to be seen how the successors will address the challenges and opportunities presented by AI. The implications of these transitions may set new precedents in leadership strategies across various sectors.

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Meta is bracing for its largest-ever round of layoffs, which could affect approximately 20% of its nearly 79,000-strong workforce, translating to around 15,800 jobs. This significant reduction is primarily targeting employees in the wearables and ads divisions, with many of these workers already directed to work remotely as the company prepares for the impending cuts.

The backdrop of these layoffs is Meta’s strategic pivot towards artificial intelligence (AI). The company has committed a staggering $600 billion to AI infrastructure, necessitating a reduction in headcount to finance this ambitious initiative. This move follows a series of previous layoffs, including 11,000 jobs cut in November 2022 and another 10,000 in the spring of 2023, which have already impacted the workforce significantly.

Earlier this year, Meta’s Reality Labs division saw cuts impacting more than 1,000 roles, further illustrating the company’s trend towards streamlining operations. Analysts suggest that the rationale behind these layoffs is to convert labor costs into compute capacity, thereby allowing Meta to operate more efficiently with a smaller team. Barton Crockett, an analyst at Rosenblatt Securities, noted, “The cuts need not stop at 20% if AI tools prove as productive as the company anticipates.” This sentiment underscores the uncertainty surrounding the final scope of the layoffs.

What observers say

In the wake of these developments, Meta’s senior leadership has instructed managers to prepare for cuts of 20% or more, although no specific timeline has been established for the layoffs. The final scope of the workforce reductions remains unresolved, and it is unclear which specific business units will be affected by the cuts. The company’s commitment to AI infrastructure at a scale that requires offsetting capital somewhere has raised questions about the sustainability of its workforce.

Interestingly, despite the impending layoffs, Meta’s shares rose nearly 3% following reports of the cuts, indicating that investors are focusing on potential margin improvements. As part of its restructuring efforts, Meta is also introducing a new stock option incentive program for top executives, aiming to align their interests with the company’s long-term success. “This is a big bet. These pay packages will not be realized unless Meta achieves massive future success, benefiting all of our shareholders,” the spokesperson remarked.

As Meta navigates this challenging landscape, the implications of these layoffs extend beyond immediate job losses. They reflect a broader strategy to realign priorities while investing heavily in AI, a sector that the company believes will drive future growth. However, details remain unconfirmed, and the uncertainty surrounding the layoffs adds to the complexity of Meta’s current situation.

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OnePlus has aligned more closely with its parent company Oppo, with leadership changes and restructuring occurring. This shift has raised concerns about the company’s future, particularly in India, where it has been a significant player in the smartphone market.

On March 31, 2026, Robin Liu, the CEO of OnePlus India, stepped down from his role after seven years of tenure. His resignation has triggered a surge in searches for “OnePlus shutdown” on Google Trends, reflecting growing anxiety among consumers and stakeholders regarding the company’s stability.

In the wake of Liu’s departure, OnePlus India announced a pivot to an online-dominant sales model, which may signal a broader strategy to streamline operations amidst challenging market conditions. Reports suggest that OnePlus could exit several global markets by April 2026, focusing its efforts primarily on China and India.

Selected employees have already been informed about potential layoffs, with some receiving severance packages ahead of the anticipated shutdown. This move indicates a significant restructuring within the company, which has operated as a sub-brand of Oppo since 2021.

Despite the turmoil, OnePlus has committed to maintaining after-sales support, software updates, and user rights commitments for its existing customers. Liu previously dismissed claims of OnePlus exiting the Indian market as false, stating, “Recent unverified reports claiming OnePlus is shutting down are false.” He urged stakeholders to verify information from official sources before sharing unsubstantiated claims.

The partnership with Hasselblad on recent OnePlus devices has ended, although it continues on Oppo flagship smartphones. This development further underscores the shifting dynamics within the company as it navigates a competitive landscape.

Broader market conditions are influencing OnePlus’s decision to restructure, with uncertainties surrounding the exact timeline for the potential shutdown of operations in global markets. Additionally, the impact on existing users, including software update commitments and access to community forums, remains uncertain. Details remain unconfirmed.

As observers watch closely, the future of OnePlus hangs in the balance, with many questioning how the company will adapt to these significant changes. The coming months will be crucial for OnePlus as it seeks to redefine its strategy and reassure its customer base amidst growing concerns about its viability.

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Kal Somani, a US-based entrepreneur, has officially acquired the Rajasthan Royals for a staggering USD 1.63 billion, marking a significant shift in the ownership landscape of the Indian Premier League (IPL). This acquisition, announced on March 24, 2026, is expected to finalize after the conclusion of IPL 2026.

Somani, who has been a minority investor in the Rajasthan Royals since 2021, leads a consortium that includes notable figures such as Rob Walton and the Hamp family. His involvement in the franchise underscores a growing trend of high-profile investments in cricket, particularly within the lucrative IPL.

In addition to his role with the Royals, Somani is the founder of several technology-focused companies, including IntraEdge, Truyo, and Truyo.AI. His ventures span various sectors, including ed-tech and AI governance, highlighting his commitment to innovation and technology.

“We see huge potential with this investment, and we are excited for the future of the IPL,” Somani stated, reflecting his optimism about the franchise’s prospects under his leadership.

Somani’s consortium brings not only financial backing but also a wealth of experience in business and technology. With a net worth exceeding $110 billion, he is poised to make a significant impact on the franchise’s operations and strategic direction.

The Rajasthan Royals, one of the original teams in the IPL, have a storied history, having won the inaugural season in 2008. However, the team has faced challenges in maintaining consistent performance in subsequent seasons.

As the new owner, Somani’s focus will likely be on revitalizing the team’s competitive edge while leveraging technology to enhance fan engagement and operational efficiency.

Details remain unconfirmed regarding specific changes in management or team strategy that may accompany this ownership transition. However, observers are keenly watching how Somani’s business acumen will translate into success on the cricket field.

With the IPL’s growing global audience and commercial potential, Somani’s investment could signal a new era for the Rajasthan Royals, as they aim to reclaim their status as a dominant force in Indian cricket.

As the IPL continues to evolve, the implications of this acquisition will unfold in the coming months, particularly as the league gears up for its next season.

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On March 9, 2026, Meesho’s share price fell by approximately 10%, a decline that has raised concerns among investors. This drop comes in the wake of a substantial tax demand issued to the company by the Income Tax Department, amounting to ₹1,499.73 crore for the assessment year 2023–24.

The tax demand was issued under Section 143(3) and Section 156 of the Income Tax Act, which allows the department to assess and demand taxes based on the company’s financial activities. In response to this demand, Meesho has announced its intention to contest the tax claim legally, indicating that the company disagrees with the observations and adjustments made in the assessment order.

On the day of the share price drop, Meesho’s stock opened at ₹147.60, reached an intraday high of ₹150.95, and an intraday low of ₹143.20. This volatility reflects the market’s reaction to the news surrounding the tax demand. The company had previously faced a tax notice related to the fiscal year 2022, which resulted in a tax claim of ₹572 crore.

Meesho’s initial public offering (IPO) was priced within a band of ₹105 – ₹111 per share, and the company made its stock market debut on December 10, 2025, with a listing price of around ₹162.5. This initial performance resulted in a listing gain of about 46%, showcasing strong investor interest prior to the recent tax issues.

The current tax demand includes interest, further complicating Meesho’s financial position. The company has stated, “The company does not agree with the observations and adjustments made in the assessment order and believes it has adequate legal and factual grounds to contest the matter.” This statement underscores Meesho’s commitment to challenging the tax demand, which could have significant implications for its financial health and share price moving forward.

Tax disputes involving large e-commerce marketplaces like Meesho often arise due to the complex nature of accounting for operational costs. As the company navigates this legal challenge, investors will be closely monitoring its developments and the potential impact on its market performance.

Details remain unconfirmed regarding the timeline for the legal proceedings or any potential resolutions. As Meesho prepares to contest the tax demand, the uncertainty surrounding the outcome may continue to influence its share price in the near future.

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