Business

BENGALURU: TCS has rolled out a tiered severance package for about 12,000 employees, primarily affecting mid- and senior-level executives. This move is part of a major workforce realignment as the company ramps up investments in AI, data, and cybersecurity, while phasing out roles that cannot be redeployed within the organisation. The decision has sparked a…

India’s trade position risks losing ground in global markets without increased exports to China and reduced import duties on raw materials, warned the head of a government policy think tank on MondayNITI Aayog CEO BVR. Subrahmanyam emphasised that strengthening trade relations with China is crucial for enhancing India’s manufacturing exports, particularly as Asia emerges as…

Trump has valued the tariff income, declaring it has restored national wealth. (AI image) Donald Trump administration’s tariff collections – running into billions of dollars – is threatened in case the Supreme Court decides to strike down the US President’s tariff policies. Trump himself has warned that any decision against his tariff policies would spell…

AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…

US President Donald Trump and Brazilian President Luiz Inácio Lula da Silva engaged in a 30-minute telephone discussion on Monday regarding the 40% US tariff on Brazilian imports. During their call, they exchanged contact information, and Lula extended an invitation to Trump for the upcoming climate summit in Belem, as reported by Associated Press.Following the…

File photo: US President Donald Trump US President Donald Trump on Monday announced a 25% tariff on all medium and heavy-duty trucks imported into the United States, effective November 1, 2025.“Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of…

NEW DELHI: India’s oil demand will increase more than any other country, accounting for 12% of global energy market on the back of rapid economic growth through 2050, according to BP plc chief economist Spencer Dale.“When we look ahead, India is the fastest-growing energy market in the world… So when we think about what’s driving…

A global competition for energy export dominance is unfolding between the US and China, with contrasting strategies- America focuses on fossil fuel exports, while China emphasises clean energy technology sales.China has emerged as the frontrunner in the race for now. Its clean technology exports, including electric vehicles, solar panels, and batteries, reached $20 billion in…

AI image used for representative purposes Gold’s price has experienced a significant surge, rising over 50% annually and achieving a 30% CAGR over three years, according to MCX data. In India, the festive season traditionally sees high demand for gold, both for jewellery and investment purposes.While gold investments in any form require income tax payment…

India’s oil consumption is expected to surpass all other nations by 2050, driven by robust economic growth, accounting for over 12 per cent of global energy usage, according to BP’s chief economist Spencer Dale. As the world’s third-largest oil importer and consumer, and fourth-largest LNG importer, India’s oil demand is projected to rise from 5.4…