The International Monetary Fund (IMF) has revised its forecast for India’s economic growth to 6.4% for both 2025 and 2026 — up from 6.2% and 6.3%, respectively, projected in its April 2025 World Economic Outlook — reaffirming India’s position as the world’s fastest-growing major economy. The IMF also modestly raised its global growth outlook to…
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…
Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation across two days, following its announcement to lay off about 12,000 employees globally over the course of this year.The IT major’s shares continued to slide for a second straight session on Tuesday, slipping 0.73% to close at Rs 3,056.55 on the BSE….
Owned by the Tata Group, Air India has already received warning notices due to multiple safety violations. The Directorate General of Civil Aviation (DGCA) has flagged several safety lapses in Air India’s operations as a part of its annual audit of the airline. These findings are unrelated to the recent Air India AI-171 plane crash….
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…
The National Stock Exchange (NSE) on Tuesday reported a 14% year-on-year rise in consolidated net profit to Rs 2,924 crore for the April–June quarter of FY26, even as its total income dipped 3% to Rs 4,798 crore compared with Rs 4,950 crore in the same period last year.In the year-ago quarter, the bourse had posted…
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,…
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…
Representative AI-generated image Indian businesses are projected to offer average salary increases between 6.2 per cent and 11.3 per cent this financial year, as companies adapt their workforce approaches with enhanced focus on skill certifications and performance-based engagement, according to a report released on Tuesday.The TeamLease Services – Jobs and Salaries Primer 2025-26 report, cited…
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…