Taste The Truth – Bite by Bite
Wage Hike Delay Frustrates Staff Tata Consultancy Services (TCS) deferred its annual wage hikes, typically starting April, and cut senior employees’ variable pay by 70–80% for Q4 FY25, citing macroeconomic uncertainties and U.S. tariff concerns. Senior staff received only 20–30% of their quarterly variable allowance, linked to office attendance policies. TCS plans to hire 42,000…
ONDC Struggles with Adoption India’s Open Network for Digital Commerce (ONDC) faces challenges as retail orders dropped from 6.5 million in October 2024 to 4.6 million in February 2025. The NRAI paused integration due to instability. High-level exits, reduced incentives, and a cumbersome user experience (54% find it complex, per LocalCircles) hinder growth. Despite 62%…
SBI Bank Q4 Results Analysis State Bank of India’s Q4 FY25 results, announced May 3, 2025, showed a 10% drop in net profit to ₹18,643 crore from ₹20,698 crore, due to higher provisions. Net interest income was flat at ₹42,774 crore. Asset quality improved, with gross NPAs at 1.82% and net NPAs at 0.47%. SBI…
Why Chandra Holt Deals Cost Kohl’s CEO Job Ashley Buchanan was fired as Kohl’s CEO after four months for undisclosed business deals with romantic partner Chandra Holt. An investigation revealed Buchanan favored Holt’s ventures, including a multimillion-dollar consulting deal and favorable vendor terms, breaching Kohl’s ethics policy. Holt, formerly of Walmart and Bed Bath &…
JSW Steel Shares Crash The Supreme Court rejected JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel on May 2, 2025, deeming it illegal and ordering liquidation. JSW’s shares dropped over 7%, reflecting market concerns. The plan, approved in 2019, offered ₹19,350 crore to financial creditors and ₹350 crore to operational creditors. JSW,…
Tariff on China Impacts Apple Apple CEO Tim Cook announced that most iPhones sold in the US will originate from India by June 2025, with Vietnam supplying iPads, Macs, and AirPods, to mitigate a 145% tariff on China imports. This shift follows a $900 million cost projection for Q2 2025 due to tariffs. While China…
Jubilant FoodWorks Coca Cola Deal On May 1, 2025, the CCI greenlit Jubilant Beverages’ acquisition of a 40% stake in Hindustan Coca-Cola Holdings, valued at Rs 12,500 crore. This strategic move by Jubilant Bhartia Group, parent of Jubilant FoodWorks, enhances its foothold in India’s beverage sector. Hindustan Coca-Cola Beverages, Coca-Cola’s key bottler, posted Rs 14,021…
Fastener Fair India Boosts Networking Set for May 8-10 at Bombay Exhibition Centre, Mumbai, the event will connect industry professionals in fasteners and hardware. Featuring the new India Hardware segment, it showcases advanced tools and technologies, driven by Make in India. Expect live demos, product launches, and networking with global leaders in automotive and construction…
IKEA New Stores Open in Bengaluru IKEA India opened its first Plan and Order Point in Bengaluru’s Whitefield on April 30, 2025, targeting east Bengaluru. This 740-sqm store offers kitchen and bedroom planning, complementing larger stores in Hyderabad, Bengaluru, and Mumbai. Construction progresses for mega stores in Gurugram and Noida, with plans for Pune and…
Zomato 15 Minute Food Delivery Fails Zomato shut down its 15-minute food delivery service, Quick, and Everyday in May 2025, just four months after launch, due to poor customer experience, low demand, and unprofitability. CEO Deepinder Goyal noted restaurant density and kitchen infrastructure couldn’t support 10-minute deliveries. The company aims to optimize 20-25 minute deliveries…