Tata Consultancy Services (TCS), India’s largest IT services firm, hired 42,000 freshers in FY25, slightly exceeding its target of 40,000. The company is optimistic about maintaining similar numbers in FY26. However, despite the hiring momentum, TCS has decided to delay wage hikes due to the uncertain global business environment, including geopolitical factors like US tariffs under Donald Trump. As of...
April 2025
A western disturbance is set to ease the heatwave across northwest India starting April 11, with rain, thunderstorms, and gusty winds forecasted, according to the IMD. In Delhi-NCR, a yellow alert is in place for Noida and Gurugram. While temperatures may briefly touch 39°C on Friday, rainfall and winds up to 50 km/h are expected to cool things down by about 2°C through April 12. The weather will...
While the exact timeline for filing its draft red herring prospectus (DRHP) is yet to be decided, the company has initiated groundwork for the public offering. The split between fresh issue and offer-for-sale (OFS) components is also under discussion. Wakefit, which has raised over $100 million from Peak XV Partners, Paramark Ventures, and Verlinvest, is likely to use the IPO to offer exits to early...
This tariff relief comes after a major global sell-off that rattled financial markets. Though some tariffs, like those on steel, aluminium, and autos, remain, the pause gives countries like India a chance to stabilise trade talks. India is currently negotiating a bilateral trade agreement with the US. Experts believe this move is more tactical than permanent but welcome the relief, which helps businesses...
Archian Foods, which specializes in classic beverages such as Lahori Zeera, Lahori Nimboo, and Lahori Shikanji, is looking to grow its presence across India in the next two years, co-founder and CEO Saurabh Munjal announced at the News18 Rising Bharat Summit on April 8. Munjal embraced growing competition in the value beverages category, viewing it as an indicator of growth...
Russia has formally invited Indian Prime Minister Narendra Modi to attend the Victory Day celebrations in Moscow on May 9, which this year marks the 80th anniversary of the Soviet Union’s triumph over Nazi Germany in World War II. The invitation was confirmed by Russian Deputy Foreign Minister Andrey Rudenko on Tuesday. According to Russian news agency Tass, Rudenko said, “It’s being worked out, it...
Ahead of Mahavir Jayanti, Prime Minister Narendra Modi took part in the Navkar Mahamantra Divas at Delhi’s Vigyan Bhawan, where he joined thousands in chanting the sacred Jain mantra. The event, seen as a spiritual lead-up to the festival celebrating Lord Mahavir’s birth, was marked by a nationwide and global participation, with over 6,000 locations in India and people from 108 countries joining the...
Shriram Finance and Cholamandalam Investment were among the BFSI stocks that jumped up to 6 percent on Tuesday amid anticipation of a 25 basis point rate cut by the RBI on April 9, with the current repo rate at 6.25 percent. The Reserve Bank of India kicked off its three-day bi-monthly monetary policy meeting on Monday amid expectations that the focus will shift from inflation to promoting growth, as noted...
The Supreme Court held that Tamil Nadu Governor RN Ravi had acted unconstitutionally by withholding assent to 10 bills cleared by the state Assembly and referring them to the President. The court emphasized that the Governor has no individual discretion in this regard and has to act on the advice of the state council of ministers. This ruling is an important clarification regarding the powers of...
Tesla CEO Elon Musk's net worth has dipped below $300 billion for the first time since November, mainly because of the broad effect of tariffs imposed by President Donald Trump — even reaching those who are close to him. On Monday, Musk lost $4.4 billion as Tesla shares fell further, lowering his net worth to $297.8 billion, based on the Bloomberg Billionaires Index....