Category: Business

 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...

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...

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...

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...

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...

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,”...

German luxury carmaker Mercedes-Benz posted its best-ever sales numbers in India during the first quarter of 2025-26 (Q1FY26), driven by a stellar showing in electric vehicles (EVs). Santosh Iyer, managing director and chief executive officer (MD & CEO) of Mercedes-Benz India, talks about growing competition ahead of Tesla’s India entry, and rising craze for sports...

If you’ve been watching the real estate space for signals on where India’s wealth is heading, here’s a telling one: Delhi-NCR recorded a 209.4%  spike in luxury home sales in the last one year—3,960 homes priced at ₹6 crore and above were sold in just the first half of 2025, up over three times from...

Billionaire Elon Musk’s electric vehicle (EV) manufacturing company, Tesla Inc., shares dropped nearly 7% on the pre-market session after Musk’s intent to open a political party named the “American Party” spooked US market investors.  Tesla shares dropped nearly 7% to $291.96 at 4:01 a.m. (EDT) on the premarket Nasdaq on Monday, 7 July 2025, ahead of...

Shares of Bharat Heavy Electricals Ltd. rose over 3% on Monday after the company was awarded a contract worth Rs 6,500 crore from Adani Power Ltd. for six thermal units of 800 MW. The project involves the supply of a steam turbine generator along with its auxiliaries, and supervision of the erection and commissioning for...