The rupee appreciated slightly to 87.67 against the US dollar following President Trump’s imposition of a 50% duty on Indian goods in response to continued Russian oil imports. This move threatens Indian exports and could negatively impact India’s GDP growth, potentially falling below 6% in FY26.
Tata Consultancy Services (TCS) will implement salary increases for approximately 80% of its workforce, primarily junior and mid-level employees, effective September 1, 2025. This compensation revision occurs as TCS plans to reduce its workforce by 12,000 employees this year.
Donald Trump’s administration has imposed a 25% tariff on Indian goods due to energy ties with Russia, hinting at similar actions against China. Trump indicated that secondary sanctions could target countries buying Russian oil, raising concerns about broader economic retaliation. MEA criticised the tariffs as unfair and asserted its right to protect national interests.
Top stock market recommendations: Nuvama Professional Clients Group’s Aakash K Hindocha suggests a cautious outlook on Nifty and Bank Nifty, anticipating potential sharp moves. He recommends buying Asian Paints, Cummins India, and Eicher Motors.
EID Parry, a Murugappa Group company, has reduced its standalone loss to ₹28 crore in the quarter ending June 30, 2025, compared to a loss of ₹79 crore in the same period last year.
Airbus has named Jurgen Westermeier as the new MD and president for India and South Asia, effective September 1, 2025. Westermeier, currently EVP & chief procurement officer, will take over from Remi Maillard, who is transitioning to EVP engineering for commercial aircraft and head of technology.
Ant Group is set to fully exit Eternal (formerly Zomato) by selling its remaining 1.9% stake, valued at Rs 5,370 crore, through block deals. This move follows Ant Group’s recent exit from Paytm, signaling a reduction in its India exposure. The sale involves offloading 18.8 crore shares at a discounted floor price of Rs 285…
TCS lateral hires face uncertainty as onboarding is delayed due to shifting business needs, prompting some to reconsider their resignations. While some managed to revoke their resignations, others were not so lucky and are now jobless. TCS HR is reaching out to candidates to gauge interest, but confirmed joining dates remain elusive, leaving many in…
