Indian stock market benchmarks, the Sensex and the Nifty 50, ended with healthy gains on Monday, September 1, snapping their three-session losing run on buying across segments. The Sensex closed with a gain of 555 points, or 0.70 per cent, at 80,364.49, while the Nifty 50 ended the day at 24,625.05, up 198 points, or 0.81 per cent. The mid and small-cap...
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Suzuki Motor to invest $8 billion in India, begins first EV production
India, Aug 26 (Reuters) – Japan’s Suzuki Motor (7269.T), opens new tab will invest 700 billion rupees ($8 billion) in India over the next five to six years, its chairman said on Tuesday, as production of the automaker’s first electric vehicle began. Through its majority stake in Maruti Suzuki (MRTI.NS), opens new tab, Suzuki Motors already produces 17 models in India for export...
Direct impact of higher tariff likely to be limited: SBI head
State Bank of India Chairman Challa Sreenivasulu Shetty on Saturday said the direct impact of the higher tariff scenario unfolding in the U.S. is likely to be limited not just on books of the bank, but also on India given the geographical spread and basket of exports from the country. Textiles, gems and jewellery and aquamarine are among a few...
TCS to roll-out wage hikes for about 80% of employees, effective Sept 1
India’s largest IT services company, Tata Consultancy Services (TCS), on Wednesday, informed employees that it will roll-out wage hikes for about 80 per cent of the workforce, covering mid- to junior levels. The wage hikes come at a time when TCS is set to lay off about 12,000 employees this year. The wage hikes will be effective September 1, TCS CHRO...
ITC Q1 earnings: Net profit at Rs 5,343 crore, revenue rises 20%
Diversified conglomerate ITC on Friday posted a 5% rise in consolidated net profit for the June 2025 quarter. Net profit came at Rs 5343 crore in the June quarter against Rs 5092 in the corresponding period a year earlier. Revenue rose 20 per cent to Rs 23,007 crore in Q1 from Rs 19,239 crore in the June 2024 quarter. EBITDA climbed...
Andhra Pradesh, Google Sign $6 Billion Worth Major Data Centre Deal
Andhra Pradesh has closed a major data centre deal with global tech giant Google and leading Indian Information and Communications Technology (ICT) service provider Sify. These agreements, totalling $7.9 billion in investment and contributing 1.55 gigawatts (GW) to the state’s data processing capacity, a source in the Andhra Pradesh government told NDTV. Google is set to invest a staggering $6...
TCS: 12k jobs to be cut, managers asked to suggest names for pink slips
India’s largest IT services company TCS (Tata Consultancy Services) is set to lay off 12,000 employees globally, or approximately 2 per cent of its workforce, the company has said. In total, 12,261 employees, mostly belonging to mid and senior grades, will be affected due to the latest TCS layoffs. As of June 30, 2025, TCS’s workforce stood at 6,13,069. It...
Lenskart gets shareholder approval for $250 million IPO fundraise
Indian eyewear retailer Lenskart secured shareholder approval to raise $250 million through a fresh share issue, setting the stage for a public offering that could reach $1 billion, including existing investor sales, according to sources. It is aiming for an IPO valuation of about $10 billion. “The company got approval for the $250 million IPO fundraise. The offer for sale...
Anil Ambani Raided: ED Probes Over 35 Premises, 50 Companies, 25 People
The Enforcement Directorate is raiding premises linked to Reliance Group chairman Anil Ambani in Delhi and Mumbai in connection with a money laundering case, sources said, following two FIRs registered by the Central Bureau of Investigation (CBI), which alleged large-scale financial irregularities. As part of the operation, ED officials raided and examined records at over 50 firms allegedly connected to the case. More...
Mobile phone exports soar to ₹2 trillion, up 127 times in 10 years: Govt
Export of mobile phones from India increased by 127 times to reach ₹2 trillion in the last 10 financial years, Parliament was informed on Wednesday. According to data shared by Minister of state for Electronics and IT Jitin Prasada in a written reply to Lok Sabha, the export of mobile phones “increased 127 times” from India from₹ 1,500 crore in...
Tesla’s entry into India to bring innovation in EV insurance space
Tesla’s entry into the Indian market is poised to bring fresh innovation to the electric vehicle (EV) insurance sector, according to industry insiders, who say the US-based firm’s advanced technology and high-quality battery systems are likely to push domestic insurers to rethink and upgrade their offerings. Last week, Tesla launched its Model Y, a fully electric car priced from ₹60...
“Many Jails Waiting For Gandhis”: Himanta Sarma’s Swipe At Rahul Gandhi
Taking a dig at Rahul Gandhi, Assam Chief Minister Himanta Biswa Sarma said the Congress MP openly encouraged encroachers and “land jihadis” to take over government lands. “He didn’t realise that people can’t just settle down on forest land. But he [Rahul Gandhi] said encroachers will be rehabilitated in the same place and provided houses,” Mr Sarma alleged. “People got...