Power equations inside the Tata Group are shifting rapidly. Bhaskar Bhat, a senior group executive who was recently inducted as a trustee of the Sir Dorabji Tata Trust, is being considered for a directorship at Tata Sons, a move that could potentially strengthen Noel Tata’s influence just as the group considers sensitive decisions, including whether Tata Sons should go public.
Tata Motors Passenger Vehicles (TMPV) has set an ambitious goal. In an interview with Swaraj Baggonkar, managing director Shailesh Chandra said the company is aiming for a 20% domestic market share by 2030 and plans to take its next-generation EVs global, while remaining open to partnerships across products, technology, and new markets.
Bharti Airtel's promoter is making a big move. Ashwin Mohan reports that ICIL, a promoter entity of Bharti Airtel, has launched a block trade worth up to $806 million. The offer floor price is Rs 2,096.7 per share, a 3% discount to the closing share price on NSE.
Bitcoin, meanwhile, is having a month that it would rather forget. Ravindra Sonavane reports that the crypto asset plunged 21% in November, its steepest fall in more than three years, with major altcoins mirroring the downturn and investors pulling out $3.5 billion from Bitcoin funds amid market volatility.
Labour reforms, too, are sparking controversy, with some trade unions crying foul. Priyansh Verma reports that 10 trade unions are protesting the implementation of the four labour codes, claiming they are anti-worker and pro-employer, while the government and unions such as the Bhartiya Mazdoor Sangh have hailed the changes as worker-centric.
An analysis by Ishaan Gera shows more than a quarter of regular salaried workers routinely exceed the 48-hour workweek limit, with states such as Delhi, Gujarat, and Rajasthan recording some of India's longest work hours. The new codes could bring shorter work weeks or higher overtime pay once enforced. Meanwhile, Manas Chakravarty argues that India’s new labour codes formalise a flexibility that already existed.
Turning to deals news, KKR has made a fresh investment in school chain Lighthouse Learning, alongside new investor PSP Investments, to drive the company’s growth, confirming Ashwin Mohan's news break on June 25 about KKR’s plans for an internal fund-to-fund transfer for Lighthouse Learning.
On the startups front, Aryaman Gupta reports about a clear shift: IPO-bound firms are now narrowing losses or even achieving profitability ahead of going public, a reversal from the 2021–22 cycle when many high-growth but money-losing firms struggled to hold valuations after listing.
And finally, Srinath Sridharan writes that AI is real, but the 'hype accounting' is not. He argues that the AI boom has created a circular-money and 'vibe-revenue’ circus that’s defying human-arithmetic, with companies recording revenue but not paying the full bill. MIT researchers recently said that 95% of enterprise AI deployments fail to produce sustained value.
