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Home  Business

Business

TCS shares dip as IT major announces 12,000 job cuts

TCS shares dip as IT major announces 12,000 job cuts

  • Coal India to hit 1 billion tonne production target by 2026-27: Minister

    The government projects annual coal output growth of 6-7 per cent to reach 1.5 billion tonnes by 2029-30
  • Samsung secures record $16.4 billion chip order, its biggest ever semiconductor deal

    Samsung Electronics has bagged its largest-ever semiconductor order worth $16.4 billion from an undisclosed customer. The 10-year foundry deal will boost its chip business as the company strives to catch up with rival TSMC and offset recent profit declines.
  • TCS to lay off over 12,000 employees this year; mid, senior level staff to be impacted

    TCS will lay off around 12,261 employees, mostly mid and senior staff, as part of a restructuring plan. The company cites workforce realignment and slower tech demand amid global uncertainty.
  • Opinion: Creating a circular economy

    Embedding circular principles into development agenda is essential for a future where human well-being is intrinsically linked with planet’s health
  • India-UK FTA boosts services exports and opens doors for professionals

    The India-UK Comprehensive Economic and Trade Agreement (CETA) promises significant gains for services exports, duty-free access to 99% of India’s goods, and enhanced mobility for professionals. It aims to double bilateral trade to $100 billion by 2030 while safeguarding core sectors
  • Andhra CM Chandrababu Naidu lands in Singapore to woo investors

    Andhra Pradesh CM N. Chandrababu Naidu began a five-day visit to Singapore to attract investments, promote global employment, and strengthen Telugu diaspora ties. His itinerary includes 29 programs focusing on infrastructure, IT, fintech, ports, urban development, and strategic collaborations for Andhra Pradesh's growth
  • No plan to levy GST on UPI transactions exceeding Rs 2,000: Centre

    The Centre clarified in Parliament that it is not considering GST on UPI transactions over ₹2,000. Karnataka’s GST notices to traders were issued by the state’s Commercial Tax Department, not the Centre, Minister Pralhad Joshi asserted, accusing the state of misleading the public
  • Rewind: Time for India’s own Big 4

    A strategic blueprint to build India’s consulting champions — through fairer procurement rules and structural support — to take on global giants
  • NSDL IPO: SBI, NSE, IDBI to reap massive returns as issue opens July 30

    The NSDL IPO, opening July 30, will deliver massive gains to early investors like SBI, NSE, and IDBI, with returns of up to 39,900%. However, retail investors who bought shares at unlisted market prices may face disappointment as the price band is lower
  • India-UK trade pact to boost seafood exports, create global opportunities

    The agreement promises duty-free access, boosting exports of shrimp, frozen fish, and value-added products
  • Piyush Goyal hails India-UK FTA as ‘most important’

    Commerce Minister Piyush Goyal criticised UPA-era trade deals and confirmed ongoing talks with the EU, US, and other nations
  • India keen to seal trade pact with US, says Arvind Panagariya

    India is eager to finalise a trade agreement with the US to access bigger export markets, says Finance Commission chief Arvind Panagariya. Talks also continue with the EU for an FTA, as global tariff changes reshape trade dynamics
  • Hyderabad-based Sigachi Industries slips into losses in Q1 FY26, incurs Rs 100 crore net loss

    On June 30, a massive explosion took place at Sigachi’s factory in Pashamylaram near Hyderabad, claiming multiple lives and causing significant damage to the facility
  • Hyderabad: Mahindra launches XUV 3XO REVX series

    Mahindra launched its new XUV 3XO REVX models in Hyderabad
  • Modi, Muizzu agree on FTA roadmap as India, Maldives sign key MoUs

    India and Maldives signed multiple MoUs and agreed on FTA Terms of Reference during PM Modi’s visit to Male. Key agreements include digital payments via UPI, Rs 4,850 crore Line of Credit, and partnerships in aquaculture, pharma, and meteorology
  • India-EU FTA talks intensify after UK deal, 12 rounds completed so far

    Aiming for a final deal by end-2025, an interim agreement is being explored as talks progress, with the next round scheduled for September
  • No project delays in Maharashtra due to rare earth shortage: govt

    The Centre told Parliament there are no reports of cost escalations or project delays from industries in Maharashtra, including its key auto and electronics clusters
  • India-UK FTA will empower small businesses, says Goyal

    India-UK FTA aims to boost exports, jobs and global competitiveness for Indian products and services
  • Inflation, growth outlook to decide future rate cuts, not current CPI data, says Malhotra

    RBI Governor Sanjay Malhotra said rate cuts will depend on inflation and growth outlook, not just current data. He assured that more tools are available to support the economy and ruled out fears of asset bubbles or policy exhaustion
  • India-UK FTA to boost manufacturing, agriculture, services: RBI Governor

    With multilateralism slowing, India is pursuing new trade pacts, including with the US and EU. Nearly 95 per cent of Indian farm goods will get duty-free UK access
  • PM Viksit Bharat Rozgar Yojana: Rs 15,000 for first-time EPFO employees from august 1

    The Centre will be offering Rs 15,000 in two installments to first-time EPFO-registered employees. Employers hiring new staff will also receive incentives, aiming to create 3.5 crore jobs by 2027
  • Tesla shares slide as Musk warns of ‘rough quarters’ ahead

    Tesla shares dropped 8% on Thursday after CEO Elon Musk admitted the company could face a “few rough quarters” amid its pivot from car sales to autonomous ride services. The EV maker posted a 12% revenue decline and 16% fall in profits for the quarter.
  • Adani Energy Solutions posts 71 per cent rise in Q1 PAT, EBITDA hits Rs 2,017 crore

    As EBITDA crossed Rs 2,000 crore. The growth was driven by strong transmission and smart metering performance, with capex rising 1.7 times YoY
  • Tata Group to expand chipmaking, EVs, digital services, says Chandrasekaran

    the group will scale up operations in semiconductors, EVs, digital platforms, and finance. With new chipmaking and battery initiatives, Tata aims to position India for GenAI and renewable energy leadership
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