Budget exercise: Finance ministry to begin FY27 preparations on October 9; GDP growth, demand and jobs in focus

The finance ministry will kick-start the Budget-making exercise for 2026-27 from October 9 against the backdrop of global geopolitical uncertainties and the steep 50% US tariff on Indian shipments.The upcoming Budget will need to address the challenges of boosting demand, creating jobs and ensuring the economy moves towards a sustained growth path of over 8%….

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TCS salary hikes: IT giant rolls out 4.5-7% raise to majority of employees; lowest in last four years

The current salary hikes are reportedly amongst the lowest in recent years. (AI image) TCS announces salary hikes! India’s biggest IT services provider, Tata Consultancy Services (TCS), has announced yearly salary hikes after a five-month postponement, offering most staff members raises between 4.5-7%. These increments correspond to the previous fiscal year ending March 2025. The…

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Nestlé shake-up: Who is Laurent Freixe? CEO dismissed over ‘undisclosed romantic relationship with subordinate’

File photo: Laurent Freixe Swiss food giant Nestlé has dismissed its chief executive Laurent Freixe with immediate effect after an internal investigation found he had an “undisclosed romantic relationship with a direct subordinate,” in violation of the company’s code of business conduct. The move was confirmed by the group on Monday, with chairman Paul Bulcke…

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Semicon India 2025: PM Modi receives first made-in-India chip; industry leaders hail nation’s role in global ecosystem

PM Modi receives first made-in-India chip Prime Minister Narendra Modi on Tuesday received the country’s first made-in-India semiconductor chip at the inauguration of Semicon India 2025 in New Delhi. Union IT minister Ashwini Vaishnaw presented the Vikram 32-bit processor, developed by Isro’s Semiconductor Lab, along with test chips from four approved projects.According to news agency…

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Semiconductor push: India hosts 20% of world’s chip design engineers; consumption set to cross $120 billion by 2030

India accounts for around 20 per cent of the world’s chip design engineers, placing it as a key player in the global semiconductor design ecosystem, according to a report by Bastion Research.According to news agency ANI, the report underlined India’s strong position in the global semiconductor chain, noting, “India is already an important piece in…

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Market watch: Asian stocks rebound as tech fuels gains; oil climbs as Ukraine targets Russian refineries

Representative image (Picture credit: AP) Asian stocks opened with modest gains on Tuesday, supported by a rebound in technology and artificial intelligence shares, while oil prices advanced amid growing concerns over supply disruptions linked to the Russia-Ukraine conflict.In equity markets, shares in Japan and South Korea recovered after Monday’s losses, though Australian stocks slipped. US…

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