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Infosys Appoints Ashiss Kumar Dash as CEO Designate
Infosys' board has appointed Ashiss Kumar Dash as CEO designate, effective April 1, 2027. Dash, currently EVP & Global Head - Services, Utilities, Resources, Energy & Enterprise Sustainability, will succeed Salil Parekh after his second term concludes.
Seven Indian fintechs warn NPCI's UPI Meta protocol risks competition
Seven Indian fintech firms, including Paytm and CRED, have warned NPCI that its proposed UPI Meta protocol could harm competition by locking customers into a single default payment app. They argue it lacks a clear problem statement and request broader consultation before implementation.
Oil Prices Surge Past $100 After Houthi Attacks on Saudi Tankers in Red Sea
Houthi rebels claimed attacks on two Saudi oil tankers in the Red Sea, causing Brent crude to rise above $100/barrel and US crude to nearly $92/barrel. This marks a widening of the Iran-related conflict, impacting global oil markets and US gasoline prices.
Indian Aviation Sector Faces Negative Outlook Amid Rising Costs and West Asia Instability
Indian domestic air traffic is projected to grow 3-6% and international 0-3% this fiscal, but the sector faces a Rs 36,000-38,000 crore net loss due to West Asia instability, rising fuel costs, and Rupee depreciation, leading ICRA to assign a negative outlook.
Rural Pennsylvania Family Sells Hog Farm for $22 Million Amid AI Data Center Boom
David and Marilee Kiliti sold their 89-acre Pennsylvania hog farm for over $22 million to QTS, a Blackstone-backed data center company. This sale, part of a larger 1,700-acre acquisition for AI data centers, highlights a trend of tech giants investing in rural areas for power infrastructure.
Bajaj Auto, TVS Motor Lead India's Two-Wheeler Export Recovery in June Quarter
Bajaj Auto and TVS Motor reported robust international sales in the June quarter, signaling a strong recovery for India's two-wheeler export market. Total motorcycle and scooter exports surged by nearly 37% year-on-year, driven by increasing demand in Africa, Latin America, and Asia, complementing a resilient domestic market.