Despite the revenue dip, TCS closed FY26 with its highest-ever total contract value (TCV) of $40.7 billion, indicating a robust demand for its services. “We have been writing its obituary every 10 years but I think Indian IT services have proven to be very resilient,” Krithivasan stated, reflecting on the industry’s historical ability to adapt and thrive.

In a proactive move, TCS hired 44,000 trainees in FY26 and has made 25,000 offers for the upcoming cycle, showcasing its commitment to nurturing talent in a rapidly evolving sector. The company is also shifting towards AI-led roles and services, which Krithivasan noted will require a lesser proportion of traditional programmers. “We require model trainers, context/prompt engineers, people who can test models and agent developers,” he explained.

Additionally, TCS completed its largest acquisition in over a decade by purchasing Coastal Cloud for $700 million, a strategic move aimed at enhancing its capabilities in the digital landscape. The company’s HyperVault data centre, expected to go live in 2028, is projected to have a target capacity of 1 GW, further solidifying TCS’s position in the market.

Aarthi Subramanian, TCS’s executive, highlighted the opportunities presented by Generative AI, particularly in modernizing legacy systems. “GenAI has unlocked a significant opportunity in legacy modernization, particularly for large, decades-old systems such as mainframes,” she noted.

While TCS navigates these changes, it remains optimistic about the future. Krithivasan remarked, “Definitely, we are more optimistic. I think some of the headwinds are behind us. So, that’s the opportunity.” This sentiment reflects a broader confidence in the resilience of the Indian IT sector.

Historically, TCS has faced predictions of its demise but has consistently demonstrated its ability to adapt and thrive due to its deep skill sets and strategic foresight. As the industry evolves, observers will be watching closely to see how TCS and its competitors respond to the ongoing technological shifts.

Details remain unconfirmed regarding the full impact of these changes on TCS’s long-term strategy and market position, but the company’s current trajectory suggests a focus on innovation and adaptability in the face of challenges.

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In a significant leadership change, Campbell Wilson has resigned as CEO and Managing Director of Air India. This decision comes at a time when the airline is grappling with ongoing losses and regulatory scrutiny, particularly following a tragic crash that claimed the lives of 241 of the 242 individuals on board.

Wilson informed N. Chandrasekaran, chairman of Tata Group, of his decision to step down in 2024. He will continue to serve in his role until a successor is appointed, ensuring a smooth transition for the airline as it navigates its next phase of growth.

Since his appointment in July 2022, Wilson has overseen a period of significant transformation for Air India, which was acquired by Tata Group from the government in January 2022. Under his leadership, the airline has modernized its systems and expanded its fleet, adding 100 aircraft to its order book, which currently stands at 600.

In his resignation statement, Wilson expressed pride in the achievements of the airline, stating, “I am incredibly proud of what you have achieved, especially in the face of unprecedented headwinds…” He emphasized that the time is right for him to hand over the reins for the next phase of Air India’s rise.

Despite these advancements, Air India continues to face challenges, including financial losses and the aftermath of the aforementioned crash. The airline’s ongoing struggles have raised questions about its future trajectory and operational stability.

Wilson’s departure marks a pivotal moment for Air India as it seeks to regain its footing in a competitive aviation market. The airline’s leadership transition will be closely watched by industry analysts and stakeholders alike.

As Air India prepares for this change, the focus will be on finding a successor who can build on the foundation laid by Wilson and steer the airline towards profitability and growth.

Details remain unconfirmed regarding potential candidates for the CEO position and the strategic direction the new leadership will take.

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The recent boardroom dynamics at TVS Holdings have brought significant attention to governance issues, particularly following the intervention of Lakshmi Venu. Her concerns regarding the employment status of the company secretary led to a swift resolution, with the individual being reinstated as a full-time employee. This incident underscores the ongoing tensions within the leadership structure of the company, particularly between Lakshmi Venu and her father, Venu Srinivasan, who recently assumed the role of executive chairman of Sundaram Clayton.

On March 30, 2026, Venu Srinivasan’s appointment as executive chairman marked a pivotal moment for Sundaram Clayton, a key entity within the TVS group. This change came on the heels of R Gopalan stepping down as chairman, a move that has placed him in a sensitive position within the board. The board convened twice in just three days to address the resignation and subsequent reinstatement of the company secretary, reflecting the urgency and seriousness of the governance concerns raised by Lakshmi Venu.

According to sources, Lakshmi Venu is known for her process-oriented and governance-focused approach. An unnamed source commented, “Lakshmi had raised the issue. She’s very process-oriented and governance-oriented, hence she raised it.” This proactive stance is seen as part of a broader effort to strengthen institutional governance within the company, rather than a personal disagreement within the family. However, the developments have undeniably highlighted the complexities of family dynamics in corporate governance.

In 2022, a family arrangement designated Lakshmi Venu to lead Sundaram Clayton, while Sudarshan Venu took charge of TVS Holdings, the group’s key investment arm. This arrangement has been pivotal in shaping the leadership landscape of the TVS group, which boasts a market capitalization of ₹19,500.45 crore and reported revenues of ₹2,109.14 crore for FY25. The company’s Price-to-Earnings (P/E) ratio stands at 75.40, indicating a strong market position despite the internal challenges.

The Securities and Exchange Board of India (SEBI) is closely monitoring the governance issues at TVS Holdings, which adds another layer of scrutiny to the ongoing situation. As the board navigates these challenges, the implications for the company’s governance structure and operational effectiveness remain uncertain. The developments also placed independent director R Gopalan in a sensitive position, as he had previously stepped back but never relinquished his role as managing director.

Details remain unconfirmed regarding the long-term impact of these boardroom dynamics on TVS Holdings’ governance and operations. The interplay between family leadership and corporate governance will likely continue to evolve, as stakeholders watch closely to see how these changes will affect the company’s future.

As Lakshmi Venu continues to lead operations at Sundaram Clayton without any role change, the focus will be on how her governance concerns will shape the strategic direction of TVS Holdings. The coming months will be critical in determining the stability of the leadership and the effectiveness of governance practices within the organization.

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Nandita Sinha is expected to step down as CEO of Myntra in the coming weeks, marking a significant leadership change for the e-commerce platform. Sinha, who has been with the Flipkart group since 2013, took on the role of CEO at Myntra in 2022.

Under her leadership, Myntra reported a revenue of ₹6,043 crore for FY25, reflecting an 18% rise compared to the previous year. The company also achieved a net profit of ₹548 crore during the same period, indicating a strong financial performance.

Sharon Pais is currently the frontrunner to succeed Sinha as CEO of Myntra. This transition comes at a time when Flipkart is preparing for a potential public listing within the next 12 to 15 months, with ambitions of achieving a valuation of $70 billion.

Earlier this year, Myntra also saw the departure of Abhishek Gupta, its former CFO, who left the company. Kannan Ganesan was subsequently appointed as the new CFO, further indicating a period of change within the organization.

Sinha’s tenure has been marked by efforts to enhance Myntra’s market position and expand its offerings in the competitive fashion e-commerce space. Her leadership has been pivotal in navigating the challenges posed by a rapidly evolving retail landscape.

Details remain unconfirmed regarding the exact date of Sinha’s departure and whether she will exit the Flipkart Group altogether. Observers are keenly watching how this leadership shift will impact Myntra’s strategic direction moving forward.

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“Current market conditions mean our attrition rates are very low within certain parts of our audit population, which is why we are proposing to right-size those areas,” stated a spokesperson for KPMG UK. This announcement comes as the firm prepares to warn nearly 600 audit staff that their roles are at risk amid a significant restructuring effort.

According to reports, up to 440 employees could leave following a consultation process, which will affect approximately 6 percent of the division’s 7,100-strong workforce. The layoffs are primarily focused on assistant managers who are qualified accountants, highlighting a targeted approach to the cuts.

KPMG is set to implement more than 500 staff redundancies, marking a substantial shift in the auditing industry. Additionally, 120 roles across the advisory arm are expected to be eliminated, further emphasizing the firm’s strategic realignment.

The broader consulting industry has been quietly pulling back after years of rapid hiring, and KPMG’s decision reflects this trend. In fact, KPMG made the steepest cuts in 2023 compared to its competitors Deloitte, EY, and PwC.

In response to the impending layoffs, the spokesperson added, “This isn’t a decision we take lightly, and we will support our people throughout this consultation.” This commitment to support indicates the firm’s recognition of the impact these changes will have on its employees.

Details remain unconfirmed regarding the exact timeline for the consultation process, leaving many employees anxious about their future. As KPMG navigates these challenging market conditions, the focus will be on how the firm manages this transition and supports its workforce.

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Thomas Cook (India) Limited has taken a decisive step to bolster its presence in the market by authorizing an investment of INR 2.50 Crore into its joint venture, Indian Horizon Marketing Services Limited (IHMSL). This move underscores the company’s ongoing commitment to the venture, which has been in operation since its incorporation on December 26, 1989.

The investment is structured as a subscription to 25,00,000 Class A Equity Shares, each with a face value of Rs. 10/-. Following this preferential allotment, Thomas Cook will retain 100% shareholding in the Class A Equity segment of the joint venture, solidifying its control over the entity. The total consideration for this preferential allotment amounts to INR 2,50,00,000 (Two Crore Fifty Lakhs Only).

Despite the substantial investment, it is noteworthy that the turnover for IHMSL has been reported as NIL for the past three financial years. This raises questions about the operational viability and future prospects of the joint venture. Nevertheless, the investment reflects Thomas Cook’s confidence in the potential of IHMSL and its strategic importance in the company’s portfolio.

The formal allotment of the new shares is expected to be completed by April 8, 2026, marking a significant milestone in the ongoing relationship between Thomas Cook and its joint venture partner, Atirath Technologies Private Limited. This partnership has been pivotal in navigating the complexities of the travel and tourism sector in India.

As the travel industry continues to evolve, Thomas Cook’s financial commitment to IHMSL may serve as a critical factor in enhancing its competitive edge. The company’s proactive approach to investing in its joint venture could lead to new opportunities for growth and expansion in the future.

While the immediate impact of this investment is clear, the long-term implications remain uncertain. Stakeholders will be keenly observing how this capital infusion translates into operational performance and revenue generation for IHMSL.

Details remain unconfirmed regarding the specific strategies that Thomas Cook plans to implement to leverage this investment effectively. However, the market will be watching closely for any developments that may arise from this significant financial commitment.

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Hilton Metal Forging Limited, a company known for its expertise in manufacturing iron and steel forging used in critical sectors, has recently made headlines with a substantial defence order. The company specializes in forging and machined parts, which play a vital role in various industries, including defense. This latest development marks a significant milestone in the company’s growth trajectory and reflects its expanding capabilities in the defence sector.

On March 27, 2026, Hilton Metal Forging announced that it secured a defence order for supplying 360,000 pieces of 155mm M107 Empty Bomb Artillery Shells. The total value of this order is ₹720 crore, and the company is expected to execute the contract over a period of 24 months. This order is particularly noteworthy as it underscores the increasing demand for military-grade munitions in the current geopolitical climate.

As part of the contract, Hilton Metal Forging will supply 15,000 artillery shells each month, ensuring a steady flow of production and delivery. The order was received from a local entity, although the name has not been disclosed due to confidentiality reasons. Notably, there are no promoters or controlling interests in the receiving entity, which ensures transparency in the transaction.

The announcement of the defence order had an immediate impact on Hilton Metal Forging’s stock performance. Shares of the company hit an upper circuit of ₹20.79 per share, marking a 20% increase from the previous closing price of ₹17.35. This surge reflects investor confidence in the company’s future prospects, especially given its recent financial performance.

In terms of financials, Hilton Metal Forging has shown remarkable growth. Revenue from operations increased significantly from ₹40.29 crores to ₹69.84 crores, representing a 73% rise. Furthermore, the company’s net profit soared from ₹0.45 crores to ₹1.42 crores, a staggering increase of 215%. Such growth figures highlight the company’s successful expansion beyond Indian borders, as it now delivers products to international customers.

However, the order is subject to the approval of a prototype/sample batch of 10 pieces, with payment of advances required after approval. This stipulation underscores the importance of quality assurance in defence contracts, where precision and reliability are paramount.

Looking ahead, industry observers anticipate that this order will not only bolster Hilton Metal Forging’s market position but also enhance its reputation as a reliable supplier in the defence sector. The company’s ability to meet the demands of this contract will be closely monitored, as it could pave the way for future opportunities in a sector that is increasingly vital to national security.

As the company moves forward with this significant order, details remain unconfirmed regarding the specific applications of the artillery shells and the broader implications for the defence industry in India. Nevertheless, Hilton Metal Forging’s recent achievements signal a promising future in a competitive market.

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Meta is gearing up for its most significant round of layoffs to date, with reports indicating that up to 20% of its nearly 79,000 employees could be affected. This translates to approximately 15,800 jobs, primarily in the wearables and ads divisions, as the tech giant shifts its focus towards investing in artificial intelligence (AI) infrastructure.

The decision to reduce headcount comes as Meta commits a staggering $600 billion to enhance its AI capabilities. In a bid to finance this ambitious initiative, the company has instructed employees in the affected divisions to work remotely, signaling that layoffs are imminent. This move follows previous rounds of cuts, which saw 11,000 jobs eliminated in November 2022 and another 10,000 in the spring of 2023.

Earlier this year, Meta’s Reality Labs division also faced significant reductions, impacting over 1,000 roles. As the company continues to streamline its operations, senior leadership has reportedly advised managers to prepare for cuts of 20% or more, although no definitive timeline or final headcount has been established.

Analysts suggest that the rationale behind these layoffs is tied to Meta’s strategy of converting labor costs into compute capacity, allowing the company to operate more efficiently with a smaller workforce. 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 perspective underscores the potential for further reductions if the anticipated productivity gains from AI are realized.

Despite the looming layoffs, Meta’s shares rose nearly 3% following reports of the impending cuts, indicating that investors are focused on margin improvement and the company’s long-term strategy. The layoffs are part of a broader effort to realign priorities while investing heavily in AI, which Meta views as critical for its future growth.

What observers say

As part of its restructuring efforts, Meta is also introducing a new stock option incentive program for top executives, emphasizing the company’s commitment to achieving massive future 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 added.

Details remain unconfirmed regarding the specific business units that will be impacted by the layoffs, and the final scope of the cuts remains unresolved. As Meta navigates this challenging transition, the focus will be on how effectively the company can leverage AI to enhance productivity and profitability while managing the fallout from significant job losses.

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OnePlus has aligned more closely with its parent company, Oppo, leading to significant leadership changes and restructuring efforts. Recently, Robin Liu, the CEO of OnePlus India, announced his resignation effective March 31, 2026, after seven years in the role. This development has raised concerns about the future of OnePlus, particularly regarding its operations in various global markets.

In light of Liu’s departure, OnePlus India is pivoting to an online-dominant sales model, which reflects broader market conditions influencing the company’s decision to restructure. Reports suggest that OnePlus may exit several global markets by April 2026, focusing its efforts primarily on China and India.

As part of this transition, selected employees have already been informed about potential layoffs, with some receiving severance packages ahead of the anticipated shutdown. This has led to a surge in searches for “OnePlus shutdown” on Google Trends, indicating growing public interest and concern.

Previously, Liu had dismissed claims of OnePlus exiting the Indian market as false, stating, “Recent unverified reports claiming OnePlus is shutting down are false.” He emphasized the company’s commitment to operating as usual, urging stakeholders to verify information from official sources.

Despite the restructuring, OnePlus has assured customers that it will continue to provide after-sales support, software updates, and uphold user rights commitments. However, the exact timeline for the potential shutdown of operations in global markets remains unclear, leaving many users uncertain about their future access to services.

Furthermore, the partnership with Hasselblad on recent OnePlus devices has ended, although it continues with Oppo flagship smartphones. This shift may impact the brand’s positioning in the competitive smartphone market.

Details remain unconfirmed regarding the implications of these changes for existing users, particularly concerning software updates and access to community forums. Observers are closely monitoring the situation as OnePlus navigates these challenges in a rapidly evolving market.

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What does the recent decline in Jagran Prakashan Ltd’s stock signify for the company and its investors? The stock has fallen to a 52-week low of Rs 59.72, reflecting a broader downturn in the Printing & Publishing sector, which has seen a 2.36% decline.

Today, Jagran Prakashan Ltd’s stock declined by 2.06%, contributing to a larger market trend where the Sensex fell by 2.52%, closing at 72,653.51. This downturn raises concerns about the company’s financial health, particularly as it has reported a one-year return of -15.80%.

Jagran Prakashan Ltd’s challenges are underscored by a significant drop in net sales, which declined by 7.7% year-on-year to Rs 476.71 crores. Additionally, the company’s net profit after tax (PAT) contracted by 13.5% to Rs 54.12 crores. These figures indicate a troubling trend for a company that is already trading below all key moving averages.

Historically, the stock reached a 52-week high of Rs 83.99, but the current performance suggests a shift in investor sentiment. The company’s dividend yield stands at a robust 9.8%, and it maintains a debt to equity ratio of 0.0%, which are positive indicators amidst the negative trends.

Jagran Prakashan Ltd is navigating a difficult period marked by declining sales and profits. Investors are left to ponder whether the decline in core profitability is a one-quarter anomaly or the beginning of a structural revenue problem.

Moreover, the technical picture raises questions about potential near-term relief or further downside risk. How do the quality metrics reconcile with the ongoing price weakness? Details remain unconfirmed.

As the company continues to face these challenges, stakeholders will be closely monitoring upcoming financial reports and market conditions to gauge the future trajectory of Jagran Prakashan Ltd.

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