Business
- Priya Nair to become HUL's first woman CEO, replacing Rohit Jawaon July 10, 2025 at 1:58 PM
Hindustan Unilever Ltd. (HUL) has appointed Priya Nair as its new MD and CEO, effective August 1, succeeding Rohit Jawa. Nair, currently President of Beauty and Well-being at Unilever, will be the first woman CEO of HUL. Rohit Jawa departs after a two-year tenure, during which HUL navigated a challenging market and implemented the 'aspire' strategy.
- Guru Purnima: The gurus who rebuilt the corporate worldon July 10, 2025 at 12:48 PM
Guru Purnima honors those who shape our thinking, extending beyond spirituality to intellectual realms. The article highlights influential figures who revolutionised business operations. From Frederick Taylor's efficiency principles to Alfred Sloan's corporate structure, W. Edwards Deming's quality systems, Peter Drucker's humanistic management, Philip Kotler's marketing mindset, Stephen Covey's ethical leadership, C.K.
- SBI Card Chief Risk Officer Shantanu Srivastava steps downon July 10, 2025 at 10:39 AM
SBI Cards and Payment Services Ltd. announced the resignation of its Chief Risk Officer, Shantanu Srivastava, effective October 6, 2025. Srivastava cited personal reasons for his departure, expressing gratitude to the management for their support during his tenure. The company acknowledged his resignation in a regulatory filing, and a successor has not yet been named.
- Canara Bank withdraws ‘fraud’ tag on Reliance Communications' loan accounton July 10, 2025 at 8:39 AM
Canara Bank informed the Bombay High Court that it has withdrawn its earlier decision to classify the loan accounts of industrialist Anil Ambani’s bankrupt telecom company, Reliance Communications (RCom), as fraudulent. The bank had accused RCom of misappropriating ₹1,050 crore loaned in 2017, originally meant for capital expenditure and debt repayment, citing non-utilization of funds and inter-company transactions.
- Closed-door meet at Bombay House: Tata Sons chief Chandrasekaran makes a move Ratan Tata never didon July 10, 2025 at 12:00 AM
In an unprecedented move, Tata Sons Chairman N Chandrasekaran briefed the Tata Trusts board on the conglomerate's performance and future strategies, a departure from the tradition established during Ratan Tata's tenure. The update included progress in key sectors like semiconductors, electric mobility, and Air India, along with details on the Ahmedabad crash response.
Global News
- Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market capon July 10, 2025 at 8:22 PM
Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.
- Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%on July 10, 2025 at 8:14 PM
Interior Secretary Doug Burgum said in April the Trump administration was considering equity investments in critical mineral producers to compete with China.
- Amazon warehouse workers lose jobs after Trump's immigration crackdown: 'We have done everything legally'on July 10, 2025 at 5:53 PM
Last month, Amazon began asking staffers who came to the U.S. under humanitarian immigration programs to provide updated work permits.
- Microsoft Outlook hit with hours-long outageon July 10, 2025 at 5:43 PM
Microsoft's Outlook email service was down for Outlook.com as well as Outlook mobile apps and desktop programs.
- Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silvaon July 10, 2025 at 5:16 PM
President Donald Trump said the United States will impose a 50% tariff on imports from Brazil.
Wealth
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Economy
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Healthcare
- PGIMER doctors perform India's first robot-assisted vasovasostomyon July 10, 2025 at 3:52 PM
Doctors at PGIMER Chandigarh have achieved a groundbreaking feat by successfully performing India's first robot-assisted vasovasostomy. The urology team, led by Dr. Aditya Prakash Sharma, used the da Vinci Surgical System for enhanced precision in the male infertility surgery. This innovative approach offers new hope for couples seeking natural conception after vasectomy, marking a significant advancement in andrology and microsurgery.
- Glenmark, AbbVie ink $700 million drug licensing dealon July 10, 2025 at 3:08 PM
Glenmark Pharmaceuticals has entered into a significant agreement with AbbVie to commercialize its investigational drug, ISB 2001, targeting cancer and autoimmune diseases. The deal, potentially worth up to USD 2 billion, grants AbbVie exclusive rights in major markets, while Glenmark will focus on emerging markets.
- Manipal Health buys Sahyadri Hospitals for Rs 6,400 croreon July 9, 2025 at 5:10 PM
Manipal Health Enterprises, backed by Temasek and TPG Capital, has acquired Sahyadri Hospitals from Ontario Teachers Pension Plan for ₹6,400 crore, strengthening its presence in Western India. This acquisition will increase Manipal's bed count to 12,000 nationwide. OTPP made a 2.6 times return on its investment in Sahyadri, which operates 11 facilities across Maharashtra.
- Ontario Teachers’ announces major India healthcare deal, to sell Sahyadri Hospitals to Manipal Hospitalson July 9, 2025 at 5:02 PM
Ontario Teachers' Pension Plan Board is set to sell its majority stake in Sahyadri Hospitals Group to Manipal Hospitals, pending regulatory approvals. Since acquiring Sahyadri in 2022, Ontario Teachers' has overseen its growth into a leading Maharashtra healthcare provider with 11 hospitals and over 1,400 beds.
- Panacea Biotec, Apotex settle dispute over breach of collaboration agreementon July 9, 2025 at 2:40 PM
Panacea Biotec settles arbitration disputes with Apotex Inc., with Panacea Biotec Pharma Ltd. set to receive a net USD 2 million. The settlement, finalized on July 9, 2025, resolves ICC arbitrations initiated by both companies. The agreement modifies profit-sharing arrangements for Paclitaxel supply in Canada and the USA, enhancing profitability for Panacea Biotec.
Technology
- Tech's diversity crisis is baking bias into AI systemson July 10, 2025 at 5:08 PM
Afro-Latina engineer Maya De Los Santos pursues an AI career to combat algorithmic bias and protect marginalised communities. Amid underrepresentation of women and minorities in AI, experts stress inclusion to prevent harmful bias. Despite political backlash against DEI, initiatives like AI4ALL aim to diversify AI and promote equitable technology development.
- Russian convicted of breaching sanctions by sharing knowhow from tech giant ASMLon July 10, 2025 at 5:05 PM
A 43-year-old Russian man was sentenced in Rotterdam to three years for breaching international sanctions by sharing sensitive semiconductor data from Dutch firms, including ASML, with a contact in Russia. The court warned this could aid Russia’s military. He was acquitted of payment charges and may appeal.
- Huawei seeks AI chip deals in Middle East, Southeast Asia: Reporton July 10, 2025 at 4:59 PM
The Chinese telecom giant has reached out to potential customers in the United Arab Emirates, Saudi Arabia and Thailand about purchasing its older-generation Ascend 910B AI chips, the report said, citing people familiar with the matter.
- PhonePe logs highest UPI transactions volume in June; GPay, Paytm followon July 10, 2025 at 4:53 PM
PhonePe’s dominance in the space is marked by the 8.55 billion transactions and a total value of Rs 11.99 lakh crore. It held 46.5% of the total UPI volume and nearly 50% of the value.
- AI slows down some experienced software developers, study findson July 10, 2025 at 3:37 PM
AI research nonprofit METR conducted the in-depth study on a group of seasoned developers earlier this year while they used Cursor, a popular AI coding assistant, to help them complete tasks in open-source projects they were familiar with.
