India’s C-suite mobility in 2025 looked paradoxical: CHROs and CSOs recorded the highest churn rates but accounted for a small slice of overall transfers. Meanwhile, CEOs, CFOs and COOs—though showing lower percentage turnover—sparked most leadership changes because their roles are more numerous, driving the majority of moves across firms.
Maharashtra is reportedly preparing an IPO for its power distribution arm MSEDCL, seeking to raise between $500 million and $1 billion. The plan follows balance sheet restructuring and business separation, and could bring one of the rare listings in India’s loss-making electricity distribution space. It also puts recent sector reforms to the test as MSEDCL’s finances improve.
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Jubilant FoodWorks is negotiating to transfer its Dunkin’ India franchise rights to Inspire Brands, the global owner of the coffee-and-doughnuts chain. The move is tied to the current franchise agreement ending in December. Inspire Brands says it will secure a new local partner to keep Dunkin’ growing in India, signaling a potential shift in how the brand operates there.
JSW Group plans to monetize unused land it acquired with Akzo Nobel India, selling properties that are not currently needed for operations. The company expects the divestment could recover as much as half of its initial investment. It’s considering land sales in locations such as Thane to free up capital for broader business needs.
Tech Mahindra’s IT services arm reported a 16% jump in Q4 net profit to Rs 1,354 crore. Revenue stood at Rs 15,076 crore, rising 4.7% sequentially and 12.6% year-on-year. The company attributed the performance to large deal wins and growth across communications, BFSI, technology, and media and entertainment despite a tepid macro environment.
HCL Technologies said its fourth quarter was weaker than expected, with pressure in its software business and some service areas. Still, the company is leaning into Artificial Intelligence, pointing to new AI offerings that are already generating meaningful revenue. Management expects AI to power the next phase of business expansion and value creation.
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William Penn has acquired the iconic American writing instrument brand Sheaffer, positioning the deal as a chance to align with Indian customers’ tastes. The company says Sheaffer commands a 15% share in India’s premium writing instruments segment for pens priced above $10, signaling potential growth as the brand leverages its established reputation.
Reliance Brookfield is set to open a new data centre next week, intensifying competition in India’s rapidly expanding market. The sector is projected to grow about 40% annually and attract roughly USD 5 billion in investments by 2025, as Reliance enters a field already heating up with Adani Group and Bharti Airtel pushing capacity.
Adani is back in acquisition mode, agreeing to buy Hyderabad-based Penna Cements for INR 10,422 crore. The move raises the question of how cement assets strengthen the Adani Group’s broader infrastructure push, from controlling key inputs to supporting future construction demand. Analysts will be watching what this means for capacity, pricing power, and project timelines.
GIFT City has surged in fund-management presence, with over 70 new entities setting up shop last year and the total reaching 202. The puzzle now is workforce readiness: where will the qualified professionals to run, manage, and comply with these operations come from as the ecosystem expands at pace?
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SpiceJet’s recent numbers raise fresh concerns despite last year’s INR 3,000 crore funding. In the April–June quarter, usually its strongest period, the airline posted an INR 240 crore loss. Free cash dropped from INR 700 crore in March to around INR 300 crore in June, while revenue fell 40% between March and June. Can it turn around in time?
Shapoorji Pallonji Group is preparing to raise about Rs 25,400 crore by May 15, aiming to refinance existing debt. The group is also seeking temporary approval to adjust a loan-to-value covenant on its bonds. Market watchers will be tracking developments around Tata Sons’ stake and possible listing, which could influence investor sentiment.
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