Business

TCS layoffs: The move to cut its staff strength also comes at a time when TCS is facing resistance for its changed bench policy. (AI image) TCS layoffs: India’s largest IT services exporter, Tata Consultancy Services (TCS), on Sunday announced that it plans to lay off 2% of its workforce over the year. This decision…

India-UK Trade Deal (AI image) The recently signed free trade agreement between India and the United Kingdom will allow British companies to deliver services like telecom and construction within India without the need to establish a base in the country. As per news agency PTI, these firms will receive national treatment, meaning they’ll be treated…

In the last few weeks, the US has sealed trade deals with several countries. (AI image) US President Donald Trump’s reciprocal tariff deadline for August 1, 2025 will not be extended, Commerce Secretary Howard Lutnick has said. According to an AFP report, Lutnick said that the new set of tariffs will hit countries effective August…

Citigroup has entered the competitive luxury credit card market with the launch of its new Strata Elite Card, aiming to lure premium customers away from rivals like American Express’ Platinum Card and JPMorgan Chase’s Sapphire Reserve.The Strata Elite, launched at an annual fee of $595, undercuts the Platinum and Sapphire Reserve cards, which charge $695…

A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…

Finance minister Nirmala Sitharaman on Saturday signaled a possible revival of India-China business relations, saying both sides have shown interest in reviving economic engagement after years of tension. Speaking at a Delhi event to mark the release of a book in honour of economist Shankar Acharya, the finance minister noted that “a beginning has been…

The Air India crash on June 12 in Ahmedabad, which killed 260 people, has left many air travellers shaken. As investigations continue into whether the accident was caused by pilot error or a mechanical failure in the Boeing 787 Dreamliner, the psychological impact is already visible.According to mental health experts, fear of flying has risen…

Tractors slowly climbed a muddy hillside in Begging village of Arunachal Pradesh’s Siang district, carrying drilling rigs and equipment for a sensitive pre-feasibility study on May 21. The goal was to assess the possibility of building a massive dam across the Siang River, called the Brahmaputra in Assam and Yarlung Zangbo in China.But on the…

President Donald Trump claims that Japan has committed $550 billion for US investments under a new trade framework, though the figure remains under negotiation and far from confirmed.“Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said on Thursday, further adding that, “They put up, as you could…

File photo: Union minister Piyush Goyal (Picture credit: PTI) Union commerce and industry minister Piyush Goyal on Saturday said the European Union’s Carbon Border Adjustment Mechanism (CBAM) is likely to harm European industries more than its intended targets, including India. “There is a lot of opposition to CBAM in the EU also. EU’s infrastructure will…