business

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…

The Reserve Bank of India is set to streamline the process for banks to release funds and valuables of deceased customers, establishing a uniform procedure for both deposits and safe-deposit lockers, replacing the current inconsistent rules. Furthermore, the RBI introduced an auto-bidding feature on its Retail Direct platform, enabling investors to automate bids for Treasury-bill…

RBI Governor Sanjay Malhotra refuted US President Trump’s “dead economy” comment, emphasizing India’s robust 6.5% growth and significant 18% contribution to global growth, surpassing the US. While acknowledging uncertainty from US tariff measures, already factored into a revised growth forecast, the RBI will closely monitor macroeconomic conditions. India’s relative independence regarding inflation and diversified oil…

The Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.5%, maintaining a neutral stance. While retaining the FY26 growth forecast at 6.5%, the MPC lowered the inflation projection to 3.1%. This decision considers macroeconomic conditions, the need for further transmission of rate cuts, and favorable monsoon conditions, despite lingering global…

Amidst escalating trade tensions with the U.S. over tariffs and oil imports from Russia, Mahindra Group chairman Anand Mahindra has called for India to seize the moment for bold economic reforms. He suggests improving the ease of doing business through a single-window clearance system and unlocking tourism’s potential by streamlining visa processes and developing dedicated…

Indian exporters face a major setback as the US imposes a steep 50% tariff on most Indian goods due to continued Russian oil purchases. The Federation of Indian Export Organisations (FIEO) expressed shock, highlighting that sectors like textiles and leather will be severely affected.

US President Trump touts billions in tariff revenue, but its use remains unclear. While the government collected nearly $30 billion last month alone, a 242% increase, the funds enter a general Treasury pool. Trump proposed debt reduction or rebates, yet neither materialized.