5152: Tata Trusts rift deepens, AI-led Asian market surge & Freshworks’ global layoffs
Fault lines within the Tata Trusts are widening as Venu Srinivasan and Vijay Singh exit the Tata Education and Development Trust ahead of a crucial board review at Tata Sons. Meanwhile, AI-driven optimism is powering a surge in Asian tech stocks, bringing markets like Taiwan and South Korea closer to India’s valuation. In the tech sector, Freshworks plans to cut 11% of its workforce amid mounting pressure on global SaaS firms. India is also stepping up its regulatory response, preparing a financial sector cybersecurity framework to counter AI-led threats. On the manufacturing front, China’s…
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