This a representative AI image US President Donald Trump’s decision to double tariffs on Indian imports to 50% has alarmed the Indian gem and jewellery industry, which is now looking at setting up manufacturing units in low-tariff countries like UAE and Mexico to continue exporting to the US.Calling the move a “doomsday” for the sector,…
US President Donald Trump on Wednesday announced a steep 100% tariff on imported computer chips and semiconductors, a move that could lead to higher prices for electronics, cars, appliances, and other tech-driven products.Speaking at the Oval Office alongside Apple CEO Tim Cook, Trump said, “We’ll be putting a tariff of approximately 100% on chips and…
Trump tariff impact: Market experts caution that export-oriented stocks may face significant pressure, with uncertainty likely to continue for several months. (AI image) The stock markets are in a wait-and-watch mode over US President Donald Trump’s tariff moves on India. Trump on Wednesday announced a 25$ additional tariff rate on India for its crude oil…
TCS CHRO Milind Lakkad and CHRO Designate K Sudeep confirmed that the salary adjustments would take effect from September 1. TCS salary hike: Tata Consultancy Services (TCS), India’s largest IT services firm, has announced salary hikes for approximately 80% of its staff members. The salary hikes will mainly cover the IT giant’s junior and mid-level…
US President Donald Trump on Wednesday announced that the reciprocal tariffs would take effect at midnight, targeting countries he said have exploited the United States for years.In a series of posts on Truth Social, Trump said the tariffs would bring in billions of dollars, while once again attacking the US judicial system, warning that only…
BENGALURU: Amid uncertainty over onboarding, lateral hires offered roles at TCS are now rethinking their resignations. Recently, TCS informed candidates that their onboarding would be contingent upon business requirements, leaving approximately 650 lateral hires in a state of uncertainty. These individuals, who possess varying levels of experience, were initially scheduled to join the company between…
MUMBAI: China’s Ant Group will exit Eternal (formerly Zomato) by selling its remaining 1.9% stake worth Rs 5,370 crore ($612 million) through one or more block deals on Thursday, term sheet of the deal showed. This will be the second startup exit for the Chinese firm this week after Paytm. Ant Group, an affiliate of…
NEW DELHI: Airbus has appointed Jurgen Westermeier (53) as MD and president for India and South Asia, effective Sept 1, 2025. Jurgen, currently EVP & chief procurement officer at Airbus, will succeed Remi Maillard, who will become EVP engineering for commercial aircraft and head of technology. In his new role, Jurgen will lead Airbus’ business…
CHENNAI: To strengthen its position in EV segment, Hyundai Motors India plans to boost sourcing of components from local vendors and improve EV infrastructure. According to annual report 2024-25, to boost price competitiveness and long-term viability, it plans to prioritise localisation of key EV parts, such as battery cells, packs, power electronics and drivetrain. It…
CHENNAI: Sugar manufacturer EID Parry on Wednesday narrowed standalone loss at Rs 28 crore in quarter ended June 30, 2025. The company, which is part of Murugappa group, reported a loss of Rs 79 crore in corresponding quarter last year.Muthiah Murugappan, CEO, EID Parry said, revenue from sugar segment for Q1 was at Rs 347…