On January 10, 2025, BlackRock severed ties with a climate group amid Republican pushback. The Supreme Court stayed GST tax notices for online gaming companies. Financial results varied across firms, with Tata Elxsi reporting a profit decline, while the Indian Renewable Energy Development Agency saw a profit increase. Legal actions from NRAI against Zomato and Swiggy for market monopolization were announced alongside Blinkit’s expansion into electronics delivery.
On January 10, 2025, significant developments emerged in corporate news. BlackRock, a major financial firm managing over $11 trillion in assets, has severed ties with a key climate advocacy group after receiving backlash from Republican lawmakers regarding its climate policies. This decision follows increased scrutiny of the company’s perceived ‘woke’ agenda within conservative circles.
In other breaking news, the Supreme Court has issued a stay on GST tax notices directed at online gaming companies, which could potentially amount to ₹1.5 lakh crore. This legal maneuver aims to protect the interests of both the gaming sector and the revenue department while awaiting a final ruling on the tax issue.
Tata Elxsi reported a year-over-year decline of 3.6% in profits for the third quarter of 2025, totaling ₹199.01 crore, despite a modest revenue increase of 2.73%, reaching ₹939.17 crore. Conversely, the Indian Renewable Energy Development Agency witnessed a significant profit increase of 26.78% YOY, with profits standing at ₹425.38 crore against revenues of ₹1701.84 crore.
Apollo Global Management is contemplating a major investment, worth $9.5 billion, to acquire a significant stake in Seven & I Holdings as part of a buyout move orchestrated by the company’s founding Ito family.
In memorial news, Bimla Bisell, aged 93, and the wife of FabIndia founder John Bisell, passed away. She was instrumental in promoting the brand’s vision and is survived by their children.
The National Restaurant Association of India (NRAI) has announced its opposition to the private-label food delivery services offered by Zomato and Swiggy, alleging that these practices unfairly monopolize the market. The organizations are preparing to take legal action to safeguard the interests of traditional restaurants.
Additionally, Blinkit has expanded its delivery service to include laptops, monitors, and printers, promising delivery within 10 minutes to cities like Delhi NCR and Mumbai, collaborating with well-known electronics brands.
A growing trend of small investments is emerging as a wave of angel investors enters the startup scene, capturing attention for their willingness to engage with smaller financial commitments. However, experts caution that such strategies may lead to unforeseen operational challenges due to overdiversification among startups.
The startup sector is becoming increasingly responsive to health concerns, with boards and investors advocating for improved work-life balance for employees, signaling a shift towards a healthier workplace culture.
Lastly, NHPC is reportedly seeking to acquire PTC India, aiming to enhance its power trading capabilities, leveraging its existing license in the sector. This move reflects NHPC’s strategy for growth and market expansion in India’s evolving energy landscape.
The corporate landscape has seen significant changes recently, particularly regarding climate policy and financial investments. Organizations like BlackRock face increasing scrutiny from political factions, which influences their partnerships and operational choices. The ongoing discussions surrounding taxation in the online gaming industry further illustrate the complexities of regulatory compliance in dynamic sectors. Companies across various industries are also adapting to evolving market demands and pressures for sustainability, diversity, and employee welfare.
The developments in the corporate world highlight significant tensions between climate advocacy and political interests, as exemplified by BlackRock’s recent decisions. Financial performance remains a crucial concern, with varied results across companies like Tata Elxsi and Indian Renewable Energy Development Agency. Additionally, emerging trends among investors and a growing focus on health and work-life balance within startups indicate a shifting business environment that continues to evolve in response to various pressures.
Original Source: www.livemint.com
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