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Promoter cuts 14% stake in Vishal Mega Mart

Shares of Vishal Mega Mart were in focus after its promoter sold about 14% stake through block deals worth roughly ₹7,600 crore. The shares were offloaded at around ₹117 apiece, reducing promoter holding significantly.

Among the key buyers were the Government of Singapore and HDFC Mutual Fund, along with other institutional investors.

Following the transaction, the stock declined during trading. The deal marks one of the largest stake sales since the retailer’s market debut and signals growing institutional interest in the company.

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Leaders

Human skills will survive AI wave, states Sridhar Vembu

Sridhar Vembu, co-founder of Zoho, has weighed in on the growing debate around artificial intelligence and jobs, arguing that not all careers are at risk from automation.

In a recent public post, Vembu said the real concern about AI should not just be job displacement, but how people define their sense of worth. According to him, individuals who tie their identity solely to economic productivity may feel more threatened by technological change.

Rather than focusing on technical or high-paying roles, Vembu highlighted professions built around human connection and intrinsic motivation. He said caregiving,  including looking after children and the elderly,  is unlikely to be replaced by AI because it depends on empathy and emotional understanding. Teaching, he added, also requires mentorship and human engagement that machines cannot fully replicate.

Vembu also pointed to work rooted in tradition and community life. Small-scale farmers who cultivate land out of passion, forest conservation workers committed to environmental protection, and local priests who serve religious communities were among the examples he cited. Classical musicians and artists who continue practicing their craft regardless of commercial success were also included in his list of resilient professions.

His comments sparked discussion online. Some critics argued that even passion-driven fields require financial support and cannot exist entirely outside economic systems. Others agreed with his broader point that AI may struggle to replace roles grounded in care, culture and lived experience.

Vembu suggested that as AI increases productivity, societies may need to rethink how wealth and time are distributed. Instead of measuring success only by output, he said, greater value could be placed on activities that strengthen families, communities and cultural traditions.

Also Read: WPP to operate as unified company, says CEO Cindy Rose

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WPP to operate as unified company, says CEO Cindy Rose

WPP is restructuring its global operations, moving away from its traditional holding company model to function as a single, integrated organisation.

The announcement was made by CEO Cindy Rose as part of a broader effort to simplify the group’s structure.Under the new framework, WPP will align its services across four core divisions and four geographic regions, aiming to improve coordination and reduce internal silos.

The company says the streamlined setup will allow it to deliver more cohesive, technology-driven solutions to clients while improving efficiency and long-term growth prospects.

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Technology

Instagram’s new safety alerts for teen mental health

Instagram is rolling out a new feature that will notify parents when their teenage children repeatedly search for terms linked to suicide or self-harm. The tool is designed to help families identify early warning signs and respond with support, especially as online searches for distressing topics can signal emotional difficulty.

The alert system works through Instagram’s existing parental supervision settings. When a teen’s search history shows multiple queries that include phrases associated with suicide or self-injury within a short time, a notification is sent to the parent or guardian. Alerts can be delivered through the app itself or via email, text message, or other contact methods the parent has chosen. Instagram says a single search won’t trigger an alert, there needs to be a pattern that suggests concern, not an isolated query.

Meta, the parent company of Instagram, already blocks and redirects searches that explicitly promote self-harm or suicide to mental health support resources. The new notifications add a proactive layer: instead of only restricting harmful content, the system flags behaviour that might indicate a young user is struggling. Parents who receive an alert will also see links to expert-recommended guidance and resources to help start a conversation with their teen.

The initial rollout will take place in several English-speaking countries, including the United States, United Kingdom, Australia and Canada, with expansion to other markets expected later in 2026. Meta says it plans to extend alerts further, including in cases where teens interact with artificial intelligence tools on related topics.

Reaction from safety advocates is mixed. Supporters argue that the feature can help caregivers act early, potentially getting professional help before situations worsen. Others caution that notifications place heavy responsibility on parents and may not address deeper issues within social media platforms’ design that can expose teens to harmful content.

Also Read: Dell shares jump 17% on AI server growth forecast

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Corporate

Uber Air taxis to start in select cities

Uber is set to begin its air taxi service, called Uber Air, in a few major cities in 2026. The service will let people book short flights directly from the Uber app, providing a new way to travel over crowded roads.

Riders can choose the Uber Air option like they do for regular cabs. They will go to special vertiports, take-off and landing hubs, where electric vertical take-off and landing (eVTOL) aircraft will pick them up. These aircraft are quieter and more eco-friendly than helicopters.

The service is designed for short city trips that usually face heavy traffic, offering a faster alternative. Uber hasn’t revealed all the launch cities yet but said it will start in congested metropolitan areas where demand for faster transport is high.

Booking is simple: passengers update their Uber app, select “Uber Air,” and see travel time and fare estimates before confirming. The app also guides them to the nearest vertiport.

Safety is a top priority. The eVTOL aircraft have multiple backup systems and must pass strict aviation approvals. Uber is working closely with regulators to meet all safety and operational standards.

Analysts say Uber Air could change urban travel by cutting commute times, although initial fares will likely be higher than regular rides. Prices may drop as more people use the service and the technology scales up.

With Uber’s existing ride-hailing network, Uber Air aims to make flying in cities a part of daily life, helping commuters avoid traffic and reach their destinations faster. The service will start in a few cities first, with plans to expand later.

Also Read: DGCA allows 48‑hour free flight cancellations

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Corporate

Block lays off 4,000 employees due to AI shift

Fintech company Block Inc., led by co‑founder and CEO Jack Dorsey, announced on February 26, 2026, that it will lay off about 4,000 employees, nearly 40 % of its workforce, as part of a major restructuring driven by the growing role of artificial intelligence (AI) in its operations.

Dorsey emphasized that the move was not due to financial weakness, but a response to technological change. AI tools now allow smaller, more agile teams to handle tasks that previously required larger staff numbers. Block’s headcount will drop from over 10,000 to under 6,000, reshaping how the company operates.

“This was one of the hardest decisions in our company’s history,” Dorsey wrote in a letter to employees and investors. He assured workers that Block’s business remains strong, with growing profits and a large customer base, but said the company must adapt to new technology to stay competitive.

The layoffs coincide with Block’s strong fourth-quarter earnings, which showed rising revenue and profitability. Following the announcement, the company’s shares jumped about 24 % in after-hours trading, reflecting investor approval of the AI-driven strategy.

Affected employees will receive severance packages, including several months’ pay, six months of continued healthcare, equity vesting into May, and a transition stipend.

Dorsey noted that other companies may face similar decisions as AI reshapes work across industries. While the move positions Block for long-term efficiency and growth, it also highlights broader concerns about the impact of AI on jobs in the tech sector and beyond.

Also Read: Chinese smartphone sales in India fall for first time

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Corporate

Sensex drops 960 points, Nifty below 25,200

Indian equity markets ended Friday on a cautious note, with both benchmark indices posting sharp declines amid weak global sentiment and persistent selling pressure. The BSE Sensex dropped nearly 961 points to close at 81,287, while the NSE Nifty 50 fell over 317 points to 25,178, testing key support levels.

The market sell-off was broad-based. Banking, metals, automobile and FMCG stocks were the biggest losers. Top decliners included Kotak Mahindra Bank, Tata Steel, Maruti Suzuki, HDFC Bank and Larsen & Toubro, which saw notable losses. In contrast, a few IT and media stocks recorded modest gains, with Infosys, Wipro and Tata Consultancy Services (TCS) among the top performers.

Traders pointed to weak international markets and subdued global technology shares as primary triggers for the drop. Continued foreign institutional investor (FII) selling also weighed on domestic equities, contributing to capital outflows.

Geopolitical concerns, including ongoing US-Iran diplomatic tensions, added to investor caution. Despite some stability in energy stocks such as NTPC and Reliance Industries, overall sentiment remained risk-averse.

Analysts noted that this decline capped a week of sideways-to-negative trading, with investors remaining cautious due to global uncertainties and a lack of domestic triggers to spur fresh buying.

Looking ahead, participants will closely watch global developments and upcoming domestic economic data to gauge whether markets can stabilize or face further pressure in the coming sessions.

Also Read: Sensex falls 500 points to 81,950, Nifty slips below 25,350

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Beyond

Chinese smartphone sales in India fall for first time

For the first time in nearly a decade, Chinese smartphone brands have experienced a decline in sales and revenue in India, a market they once dominated. Industry data shows that demand for devices from leading Chinese companies fell during the financial year 2025, while premium brands such as Apple and Samsung gained ground.

Analysts say the slowdown reflects a shift in consumer preferences toward higher-priced, feature-rich phones, while rising prices and competition from non-Chinese brands have also influenced buying choices. This marks a notable change in India’s smartphone landscape, where Chinese brands have long held the largest market share due to their competitive pricing and wide range of models.

According to market trackers, revenue for the nine largest Chinese electronics companies operating in India, including major players like Xiaomi, Vivo, OPPO, realme and Transsion Holdings, declined compared with the previous year. In contrast, other global brands reported healthy growth.

One key reason for the drop is the premiumisation trend, Indian consumers are increasingly spending on higher-end models. Apple, known for its iPhones, has benefited from this trend, seeing strong demand for its newer models. Samsung has also grown its presence in the mid and high-end segments, gaining users who previously chose budget phones from Chinese makers.

Rising prices have also played a role. As component costs increase globally, Chinese brands have raised smartphone prices, narrowing the cost advantage they once had. This has made the value proposition less compelling for price-sensitive buyers, who are now weighing their options more carefully.

The decline for Chinese brands may prompt them to rethink strategies in India, focusing on innovation, after-sales service and value rather than price alone. Meanwhile, local and global competitors are likely to intensify their efforts to capture emerging opportunities in the world’s second-largest smartphone market.

Also Read: Power lines to go underground in Chandni Chowk

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1 Minute-Read

Power lines to go underground in Chandni Chowk

The Delhi government has started a ₹159.75 crore project to shift overhead power lines underground in Chandni Chowk.

Chief Minister Rekha Gupta said the move will reduce fire risks, improve electricity supply and enhance the look of the historic area. Around 52 km of cables will be laid underground, benefiting nearly 10,000 consumers.

Work will be carried out in phases, mainly at night, to minimise disruption to traders and visitors. The project also includes new feeder pillars and better monitoring systems to strengthen power infrastructure in the busy market.

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Technology

I&B Minister seeks fair digital accountability

Union Minister Ashwini Vaishnaw has called on digital platforms to take greater responsibility for the content they host and to ensure fair revenue sharing with creators and news publishers.

Speaking at a media industry event, Vaishnaw said online platforms are no longer just technology intermediaries. With millions relying on them for news, entertainment and information, they function like media organisations and should accept similar levels of accountability.

He stressed that journalists, content creators and publishers generate the material that attracts users and advertising revenue. However, many of them do not receive a fair share of the income earned from their work. Vaishnaw said platforms must adopt transparent and equitable revenue-sharing models to support a healthy digital ecosystem.

The minister also raised concerns about the misuse of artificial intelligence to create synthetic or deepfake content. He said no digital content that imitates a person’s face, voice or identity should be created or shared without their consent. Protecting users, especially children and vulnerable groups, must be a priority for tech companies, he added.

Vaishnaw noted that several countries are already introducing regulations to make large technology firms more accountable. He indicated that India could also consider appropriate measures if voluntary reforms are not implemented.

His remarks come at a time when debates over misinformation, copyright, and platform responsibility are intensifying globally.

Also Read: India makes E20 petrol mandatory nationwide from April