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In a major development at Tata Trusts, three trustees — Noel Tata, Venu Srinivasan, and Vijay Singh — have opposed the reappointment of Mehli Mistry as a life trustee .Since reappointments need unanimous approval, Mistry’s term effectively ends on October 28. The decision highlights ongoing tensions within Tata Trusts after Ratan Tata’s passing, with differences over control of Tata Sons and transparency in its operations continuing to cause friction among trustees. Read more here IndianOil to continue buying Russian crude from non-sanctioned channels Indian Oil Corporation says it will continue buying Russian crude as long as it complies with international sanctions .The company clarified that Russian oil itself isn’t sanctioned — only certain entities and shipping lines are. Russian crude made up about 21 percent of IOC’s total purchases in the first half of this fiscal year, and the company says it will keep following all global rules as new sanctions take effect next year. Read more here Amazon India to lay off up to 1,100 employees as part of global restructuring Amazon is set to cut between 900 and 1,100 jobs in India as part of a global restructuring that will eliminate around 30,000 corporate roles worldwide this week. This marks Amazon’s biggest layoff since 2022 and is part of CEO Andy Jassy’s cost-cutting drive to streamline operations .Despite the cuts, India remains a key market — with Amazon planning ₹2,000 crore in investments to expand logistics and quick commerce operations. The layoffs come amid a broader tech industry trend, as companies worldwide pivot toward AI-driven efficiency and automation. Read more here Technical glitch delays trading on MCX by over 4 hours MCX, India’s largest commodity derivatives exchange, faced a nearly four-and-a-half-hour trading delay on Tuesday due to a technical glitch. Trading, set to start at 9 a.m., resumed only at 1:25 p.m. from the Disaster Recovery site. The exchange, which recently switched to a TCS-developed platform, has launched an investigation. Experts say repeated glitches raise concerns about market infrastructure resilience. MCX shares ended 2% lower at ₹9,117, after touching an intraday low of ₹9,071. Read more here Research &VO: Prethicshaa Published on October 29, 2025
