Tata-owned Jaguar Land Rover (JLR) is to cut 500 management jobs in Britain in the wake of US tariffs and a fall in profits. On July 7 the carmaker revealed that its retail sales had plunged in three months to June 30, 2025 by 15.1% and wholesale sales were down 10.7% year-on-year.This largely reflects the…
Mahendra Dev, chairman EAC-PM (Image credits: X @MahendraDevS) India should negotiate the proposed India-US trade agreement on its own terms, keeping national interest in focus, said S Mahendra Dev, chairman of the economic advisory council to the Prime Minister (EAC-PM). He believes that India stands to benefit from lower tariffs and increased exports once Free…
Representative image (AP) Wall Street remained near record high on Thursday following upbeat US economic data and a mixed batch of corporate earnings. The S&P 500 was nearly flat in early trading, holding just below its all-time high from last week. The Dow Jones Industrial Average rose by 105 points, or 0.2%, while the Nasdaq…
Tata Motors-owned Jaguar Land Rover (JLR) has confirmed it will cut around 500 managerial jobs in the UK as part of a “limited” voluntary redundancy programme, aligning with its ongoing business transformation strategy.The move on Tuesday comes as the luxury car manufacturer aims to streamline its leadership workforce and improve efficiency amid global economic headwinds…
MEA Spokesperson Randhir Jaiswal (Image credits: ANI) India on Thursday reaffirmed that de-dollarisation is not part of the Brics agenda, and that the member nations are only discussing cross-border payments using local currencies.At a weekly media briefing, ministry of external affairs (MEA) spokesperson Randhir Jaiswal said, as quoted by ANI, “We had a highly successful…
The Avendus Wealth–Hurun India U30 List 2025 has recognised 79 of India’s most promising entrepreneurs under the age of 30, showcasing the next generation of business leaders across key sectors like technology, finance, retail, healthcare, and consumer goods.Unveiled on Thursday as part of the Uth Series 2025, this first-ever Under-30 edition highlights both first-generation startup…
Byju’s founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas Trust, trustee for Term Loan B lenders.According to their legal counsel, the planned legal action will be pursued both in India and internationally, targeting those…
A coalition of leading US solar panel manufacturers has filed a formal petition urging the US commerce department to impose tariffs on solar imports from India, Indonesia, and Laos.The group alleges that producers in these countries are flooding the American market with artificially low-priced solar panels, harming the domestic solar manufacturing industry.According to a Reuters…
AMP 2047 (Image credits: IANS) The government of India has initiated the formulation of the Automotive Mission Plan 2047 (AMP 2047), a strategic roadmap aligned with the ‘Viksit Bharat @2047’ vision.The plan aims to establish India as a global leader in the automotive sector, focusing on innovation, sustainability, and increasing the country’s share in global…
Wipro representative image IT major Wipro reported a 9.8% year-on-year increase in consolidated net profit to Rs 3,336.5 crore for the June quarter (Q1 FY25), as per its regulatory filing released on Thursday. In the same quarter last year, the company had posted a profit of Rs 3,036.6 crore.Wipro’s consolidated revenue from operations stood at…