Indian Business

The Department of Telecommunications (DoT) has issued a “show-cause-cum-demand” notice of Rs 7,827.55 crore to Tata Communications for adjusted gross revenue (AGR) dues spanning nearly two decades, the company disclosed in an official note dated July 17.The dues have been raised for the financial years from 2005–06 to 2023–24. Tata Communications Managing Director AS Lakshminarayan…

Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with severance benefits, outplacement services, and extended insurance coverage. TCS layoffs: Tata Consultancy Services (TCS), India’s largest IT services firm, plans to lay off as many…

A consortium led by Multiples Alternate Asset Management has approached the Competition Commission of India (CCI) seeking approval to acquire a 32% stake in luggage maker VIP Industries, according to a notice filed with the regulator.The application follows the July 13 announcement that VIP Industries’ promoters — Dilip Piramal and family — will sell up…

The Air India crash on June 12 in Ahmedabad, which killed 260 people, has left many air travellers shaken. As investigations continue into whether the accident was caused by pilot error or a mechanical failure in the Boeing 787 Dreamliner, the psychological impact is already visible.According to mental health experts, fear of flying has risen…

Tractors slowly climbed a muddy hillside in Begging village of Arunachal Pradesh’s Siang district, carrying drilling rigs and equipment for a sensitive pre-feasibility study on May 21. The goal was to assess the possibility of building a massive dam across the Siang River, called the Brahmaputra in Assam and Yarlung Zangbo in China.But on the…

President Donald Trump claims that Japan has committed $550 billion for US investments under a new trade framework, though the figure remains under negotiation and far from confirmed.“Japan is putting up $550 billion in order to lower their tariffs a little bit,” Trump said on Thursday, further adding that, “They put up, as you could…

Sanjiv Puri (left), ITC (TOI) Leading FMCG conglomerate ITC Ltd. plans to invest Rs 20,000 crore across its business verticals over the medium term, spanning the next five to six years, Chairman Sanjiv Puri announced recently, reported ET.The announcement comes shortly after the company inaugurated eight new manufacturing facilities focused on fast-moving consumer goods (FMCG),…

MUMBAI: Kotak Mahindra Bank on Saturday reported a 40% year-on-year fall in net profit to Rs 4,472.2 crore for the quarter ended June 2025, primarily due to a one-time gain last year when the bank bookedRs 3,803 crore from the sale of a 70% stake in its general insurance arm to Zurich Insurance. Without the…

Representative image (ANI) As India and the United Kingdom ink the comprehensive economic and trade agreement (CETA), several states are poised to reap substantial economic benefits, according to ET.The deal eliminates tariffs and eases market access, unlocking new export opportunities across key sectors such as textiles, engineering goods, pharmaceuticals, marine products, and handicrafts. India-U.S. Trade…

NEW DELHI: Union commerce and industry minister Piyush Goyal on Saturday hailed the newly signed free trade agreement with the United Kingdom and said that the deal was signed on India’s terms.While addressing a press conference, Goyal claimed the FTA to be “important” and “game-changing,” stating that 99 per cent of India’s exports will be…