Business

TCS layoffs: The company’s new bench policy has left many employees concerned about their job security. (AI image) TCS layoffs: Tata Consultancy Services (TCS) announced 12,000 layoffs recently, but there are fears amongst the company employees that the sackings may exceed that number. According to an ET Prime report, TCS employees are fearful that the…

US-China trade deal: The situation with China remains the most significant unresolved matter. (AI image) US-China trade deal talks: Following discussions in Stockholm, China’s chief trade representative announced on Tuesday that China and the United States have decided to maintain their existing tariff arrangements, extending the pause.The latest negotiations between Chinese and US trade representatives…

BENGALURU: The National Company Law Tribunal (NCLT) in Ahmedabad has admitted Catalyst Trusteeship’s petition against electric‑cab operator BluSmart Mobility for defaulting on dues of about Rs 1.28 crore. The tribunal’s order initiated the corporate insolvency resolution process (CIRP) and appointed NPV Insolvency Professionals Private Ltd as the Interim Resolution Professional (IRP).BluSmart, once a high‑profile player…

Union Pacific on Tuesday announced an $85 billion proposal to acquire Norfolk Southern, a move that would create the first coast-to-coast freight railroad in the US and could potentially trigger a final wave of consolidation in the rail industry.The merger would link Union Pacific’s vast network across the western US with Norfolk Southern’s operations in…

Wall Street inched up on Tuesday with the S&P 500 and Nasdaq hitting fresh record highs, but gains were capped as investors remained cautious ahead of the Federal Reserve’s interest rate decision and the outcome of high-stakes US-China trade talks.The S&P 500 rose 0.2% in early trading, building on a six-day record streak, while the…

TCS communicated to its employees through an internal email on Saturday regarding challenges from market and economic uncertainties. (AI image) TCS layoffs: Tata Consultancy Services (TCS) has decided to stop recruitment of senior staff and freeze yearly salary increments across its global operations. This decision follows the company’s recent announcement to reduce its over 6…

As President Donald Trump prepares to implement a sweeping set of new import tariffs starting August 1, a new analysis suggests these policies could significantly strain US manufacturers by raising their costs between 2% and 4.5%. The research, conducted by the Washington Center for Equitable Growth, warns that such increases may crimp already-thin profit margins,…

Talks are stalemated over the issue of farm tariffs and India’s reluctance to allow genetically modified soybean and maize, among other things. (AI image) New Delhi: With barely two days to go for Trump’s tariffs to return, Indian and American officials are engaged in seeking to arrive at common ground on customs duties.Although the prospects…

Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000 crore, according to informed Economic Times sources.The company is currently looking for suitable land in Hyderabad to establish a facility dedicated to manufacturing servers, routers…

India-US trade deal: Since India did not receive any tariff letter from Trump, it is yet unclear whether the 26% tariff rate announced for India on April 2 will kick in from August 1 or not. (AI image) India-US trade deal: In an indication that a trade deal between India and the US was less…