Chennai-based mutual fund distributor Muthukrishnan Dhandapani, who manages Rahul Gandhi’s investments, says he stopped taking new clients about ten years ago. The advisor claims this decision likely cost him a tenfold rise in income, but he chose a strictly professional approach—avoiding favours and valuing contentment over scaling his business.
Mahindra Group is rolling out AI across its business to lift profits and reshape operations. The automaker expects AI to generate over Rs 4,100 crore revenue in its automotive segment by FY27, alongside a 2–3 percentage point boost in customer satisfaction. Mahindra Finance plans to disburse Rs 10,000 crore using AI-driven customer acquisition, with AI also assisting loan collections.
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Anthropic has released Claude Opus 4.7, betting big on finance with tools designed for banks and businesses. The system is meant to handle data-heavy work and generate reports, speeding workflows that often rely on multiple traditional software products. The announcement also fuels worries across the software market as AI capabilities increasingly replace established tools and reshape day-to-day operations.
Finance minister Pankaj Chaudhary urged the Asian Development Bank to step up capital expansion and adopt a more transformational approach. Speaking at the ADB Annual Meetings, he said the move is needed to better back sustainable, resilient regional development as geopolitical tensions and current global uncertainties strain growth and investment.
Value 360 Communications’ IPO opens Monday with a Rs 41.69 crore fundraise and a price band of Rs 95–98. The strategic communications firm is set to list on the NSE SME, with reports suggesting no immediate grey market premium. Net proceeds will support working capital, technology expansion, and repayment of existing debt.
Volkswagen’s finance chief Arno Antlitz says any US tariff refunds would deliver only minimal relief, likely in the small double-digit millions. That pales beside the automaker’s annual tariff bill of about 4 billion euros. Still, Volkswagen plans to pursue refunds—however limited their financial impact may be.
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A new policy paper says farmer producer organisations (FPOs) can be a powerful bridge between smallholders and bigger markets in India. But it also highlights structural constraints that limit their impact, including weak scale, limited market access, financing shortfalls, and governance gaps. The study argues these issues need targeted reforms for FPOs to truly deliver on their promise.
Tata Elxsi has announced that CFO Gaurav Bajaj will resign on May 29, 2026, with Nalin Rana stepping in as the new Chief Financial Officer from May 30, 2026. Rana is expected to bring finance and strategy expertise from prior roles within the Tata Group and investment banking. The company says the change follows regulatory requirements.
Finance Minister Nirmala Sitharaman has warned that Anthropic’s AI model Mythos could trigger a new kind of cyber threat, comparing its possible impact to war. Indian authorities are stepping up engagement with Anthropic and the US administration to understand the risk and counter it. Alongside this, India is bolstering domestic cyber capabilities and improving financial sector readiness.
Drishti Group has appointed Vipan Joshi as its new Chief Financial Officer. The seasoned finance leader brings more than 23 years of experience across multiple sectors, including education. In his role, Joshi will oversee financial strategy, strengthen risk management, and ensure compliance as the company looks to support growth with tighter controls and planning.
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The Reserve Bank of India has approved Debasish Panda’s appointment as part-time chairman of Bandhan Bank for three years. A former IAS officer and ex-chairman of IRDAI, Panda previously served as Secretary of the Department of Financial Services. He will replace Anup Kumar Sinha as the bank’s next chairman following the RBI nod.
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