Tata Group stocks lost over Rs 26,800 crore in market value after N Chandrasekaran announced he would step down as Tata Sons chairman. Chandrasekaran, whose current term ends on February 20, 2027, said he decided against seeking another 5-year term after one board member did not support the extension. At 1:25 pm on Wednesday, Tata Consultancy Services was the biggest loser, falling 4.8%. Tejas Networks dropped 2.84%, Tata Consumer Products 2.8%, Tata Elxsi 2.58% and Tata Steel 2.02%. Chandrasekaran, who has led Tata Sons since 2017, asked the board to decide on his successor soon. (PC: NDTV)

India has rejected China’s criticism of its decision to give official names to 27 places and geographical features in Arunachal Pradesh. MEA spokesperson Randhir Jaiswal said Arunachal Pradesh is an “inalienable and integral part of India” and called this an “indisputable reality”. India announced the names on Friday, including locations along the Line of Actual Control. Officials said the move strengthens India’s official maps and documentation of its territorial claims. China has called the move “illegal, null and void” and reiterated its claim over the region. India’s latest response comes amid continuing tensions between the 2 countries over their disputed border. (PC: HT)

Parliament on Monday passed the Taxation and other Laws (Amendment) Bill, with Finance Minister Nirmala Sitharaman ruling out any tax or transaction charge on UPI. The Bill, already passed by the Lok Sabha, was returned by the Rajya Sabha through a voice vote after a brief discussion and the Finance Minister’s reply. Sitharaman said UPI has remained free for consumers since its launch and will continue without transaction charges. The legislation seeks to remove the linkage between the Payment and Settlement Systems Act and Income Tax Act, while allowing the government to decide which electronic payments must remain free. It also aims to attract foreign capital, boost domestic electronics manufacturing and facilitate foreign cloud companies’ use of Indian data centres. (PC: BBC)

The Centre has stepped up scrutiny of Meta after senior officials from the Ministry of Electronics and Information Technology (MeitY) held high-level talks with the company's global leadership following the temporary removal of Prime Minister Narendra Modi's Facebook video. Government sources said the discussions covered compliance with Indian laws, platform accountability, deepfakes, child sexual abuse material and the responsibilities of social media companies. Officials reportedly made it clear that platforms operating in India must follow Indian regulations rather than rely solely on standards used in other jurisdictions. The government is also considering stricter rules for artificial intelligence and online platforms to strengthen accountability and curb harmful content. (PC: India Today)

Air India has appointed former Ethiopian Airlines chief Tewolde Gebremariam as its new CEO and Managing Director, weeks after reports linked him to the top job at Pakistan International Airlines (PIA). According to media reports, Gebremariam had been selected to lead PIA, but his appointment was delayed pending security clearances. Before the process concluded, Tata Group-owned Air India secured him to lead its next phase of expansion. The appointment follows Campbell Wilson’s resignation and comes as Air India pushes ahead with fleet modernisation, network growth and service improvements. Gebremariam is widely credited with transforming Ethiopian Airlines into one of the world’s most successful and profitable carriers. (PC: ITG)

Air India has appointed former Ethiopian Airlines Group chief Tewolde Gebremariam as its next Managing Director and Chief Executive Officer, succeeding Campbell Wilson, who announced his resignation in April. The airline said it conducted a global search, evaluating both internal and external candidates before selecting Gebremariam. Widely credited with transforming Ethiopian Airlines into one of the world's leading carriers, he takes charge at a pivotal time as Air India pursues an ambitious expansion and fleet modernisation programme. The Tata-owned airline continues to navigate financial challenges and external headwinds while seeking to strengthen its global competitiveness and accelerate its long-term turnaround under new leadership. (PC: How Africa)

A Mittal-backed consortium led by businessman Amit Bhatia is in talks to acquire a significant minority stake in Liverpool FC at a valuation exceeding $6 billion, according to reports. The proposed deal would rank among the largest investments in Premier League history and value Liverpool among the world’s most expensive football clubs. Bhatia has already transferred his stake in Queens Park Rangers to the club’s majority owner, a move seen as preparation for the potential Liverpool investment. Liverpool’s owners, Fenway Sports Group (FSG), have confirmed discussions with prospective investors as they explore strategic investment options while retaining overall control of the club. (PC: Getty Images)

Oil prices climbed more than 2% after the United States launched fresh airstrikes on Iran and reinstated sanctions on Iranian crude exports, raising fears that the fragile ceasefire could collapse and disrupt global energy supplies. Brent crude rose to $76.08 a barrel, while US West Texas Intermediate advanced to $72.26. The gains followed renewed tensions in the Strait of Hormuz after attacks on commercial vessels and reports of damage to a Saudi-flagged oil tanker and a Qatari LNG carrier. Analysts warned that continued instability around the key shipping route, which handles about one-fifth of global energy supplies, could tighten crude markets and keep oil prices elevated. (PC: Reuters)

Tata Power has set a target of ₹1 lakh crore in revenue and ₹10,000 crore in profit by 2030. Chairman N. Chandrasekaran said the company is expanding its business across power generation, transmission, distribution and renewable energy. He said Tata Power aims to build 30 GW of power capacity by 2030, including 20 GW from renewable sources. The company also plans to set up a new 10 GW solar equipment manufacturing project in Odisha. Tata Power is expanding rooftop solar, EV charging and clean energy services as it works towards its long-term growth plans.

Microsoft will cut around 4,800 jobs, nearly two per cent of its global workforce, as part of a major restructuring plan. The biggest impact will be on the Xbox gaming division, which is undergoing its largest overhaul. The company said the job cuts will take place during the current fiscal year. Microsoft is also increasing investment in artificial intelligence and plans to spend $190 billion on capital projects in 2026. Rising AI costs and weaker Xbox profits have added pressure on the business. The company said the restructuring aims to improve efficiency and support long-term growth across its operations.