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"business-news"

  • TCS plans 5 lakh AI agents to match its human workforce

    Chairman N Chandrasekaran says TCS has no plans for layoffs, stressing that AI will create new opportunities even as it transforms the way work is done
  • Noel Tata raises concerns over losses at Tata Sons board meet: Sources

    Chief executives of Air India, Tata Digital and Tata Electronics — key group bets facing mounting losses — made presentations; Chandrasekaran’s reappointment may be discussed on June 12.
  • Dr Reddy’s launches generic Semaglutide injection in Canada

    Dr Reddy's Labortaries becomes one among the first to introduce Semaglutide injection used in type-2 diabetes treatment in the Canadian market. The launch follows their successful launch in India under the brand name Obeda, CEO Erez Israeli said
  • TCS CEO Krithivasan takes home Rs 28 crore as remuneration in FY26; Chandrasekaran waives commission

    The TCS CEO's salary saw a 6.3 per cent increase in FY26, including a Rs 25 core performance bonus while the chairman, N Chandrasekaran, abstained from receiving any commission. TCS reported a Rs 49,210 crore profit for FY26
  • Fuel price rise likely provides Rs 52,700 crore relief to OMCs: Report

    Fuel price hike could cut OMC losses by up to Rs 52, 700 crore, says SBI report. At the same time, depreciation of the rupee by Rs. 2 from FY27 avg. to the dollar could offset gains from the fuel price revision, the report warned
  • India’s jaggery exports value surge over 106 per cent in 10 years

    India now accounts for 70% of global jaggery production as exports reach 450 metric tonnes with govt. initiatives like PMKSY and One District, One product complementing the growth. Major importers include the US, Indonesia, and UAE, govt. states.
  • NHPC Q4 profit grows 68 pc to Rs 1,549 cr

    NHPC profits grow to Rs. 1,549.42 crores in Q4 spotting a 68% growth in profits
  • Skyroot Aerospace becomes India’s first space-tech unicorn, raises $60 million

    Skyroot Aerospace became India’s first space-tech unicorn after raising $60 million led by Sherpalo Ventures and GIC, valuing it at $1.1 billion. The Hyderabad startup is preparing for Vikram-1, India’s first privately built orbital rocket launch
  • CG Power and Industrial Solutions posts 32 percent rise in profit

    The consolidated net profit of CG Power and Industrial Solutions Ltd stood at Rs 362 crore in the March quarter mainly on the back of higher revenues. Sales rose to Rs 3,442 crore during the quarter from Rs 2,753 crore in the same period a year ago.
  • Nara Lokesh lays foundation for Carrier Global’s AC manufacturing facility in Tirupati

    Andhra Pradesh IT Minister, Nara Lokesh laid the foundation stone for Carrier Global's manufacturing facility, expected to generate 3000 jobs in the state.
  • India among top 5 spam-hit countries, says Truecaller report

    India ranks fifth among the world’s most spam-affected countries, with telemarketing and sales calls leading the problem. A Truecaller report shows 68 billion spam calls globally in 2025, with financial services and scams also contributing significantly in India.
  • Government appoints Rohit Jain as RBI Deputy Governor

    Jain is currently Executive Director at the Reserve Bank of India. He replaces T Rabi Sankar, whose extended tenure ended on May 2
  • Editorial: India–New Zealand FTA — a win-win trade agreement

    India–New Zealand is uniquely positioned to generate jobs, deepen capabilities, and evolve from transactional engagement into an enduring and embedded partnership
  • Iran rial crashes to record 1.8 million per dollar  

    Experts say the fall of rial is likely to further fuel inflation, as rising dollar drives up cost of essential imports — from food and medicine to electronics and raw materials
  • UAE to exit OPEC from May 1 amid rising tensions with Saudi Arabia

    Saudi Arabia remains an OPEC heavyweight despite waning influence, as rivalry with the UAE deepens over economic interests and regional politics, particularly in the Red Sea region
  • RBI cancels banking licence of Paytm Payments Bank

    Paytm Payments Bank has been barred from conducting any banking business, and the RBI will move the high court to initiate its winding up
  • France’s Groupe ADP to sell 7.3% stake in GMR Airports for over Rs 10,100 crore

    Paris airport operator’s stake in the airports business arm of the GMR Group to drop from 32.3 per cent to 25 per cent after deal completion
  • Amazon blocks millions of fake reviews, seizes 15 million counterfeit products in 2025

    Amazon revealed it blocked fake reviews and seized millions of counterfeit products in 2025. Using AI and legal action, the company is intensifying efforts against online fraud and expanding its Counterfeit Crimes Unit to India.
  • Aurobindo Pharma’s Rs 800 cr buyback offer opens on April 23

    Hyderabad-based Aurobindo says buyback will reward shareholders, boost returns, improve earnings per share, without changing control or affecting management structure
  • Apple announces leadership transition: Tim Cook to step down, John Ternus to take over

    Apple has announced a leadership transition, with Tim Cook stepping down as CEO and John Ternus set to take over in 2026. The move marks a major shift as Apple prepares for its next phase of AI-driven growth.
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