Tata Consultancy Services (TCS) plans to let go around 2% of its global workforce, which translates to over 12,000 employees, by 2026. This is part of a restructuring exercise to make the company more agile and technology aligned. ALSO READTCS to lay off 2% workforce, over 12,000 mid and senior grade employees to be impacted
An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
FMCG major, Nestle India reported a 13.4 per cent fall in consolidated net profit for the June 2025 quarter at Rs 646.59 crore compared to Rs 746.6 crore in the same period last year. The drop was mainly due to higher commodity prices and increased operating costs, the company said in its regulatory filing. Here
Dr Reddy’s kicks off India’s big pharma earnings season with a narrow profit miss. The pharmaceutical company reported a profit of Rs 1,409.6 crore, up 1.26 per cent from the same quarter last year (Q1FY25). Revenue rose 11.37 per cent year-on-year to Rs 8,545.2 crore from Rs 7,672.7 crore. Here are key highlights from Q1FY26
Zee Entertainment Enterprises reported a 22 per cent increase in consolidated net profit at Rs 143.7 crore in the first quarter ended June 30, 2025, on the back of improved network viewership, healthy performance of its digital segment and lower expenses. On Tuesday, July 22, the company had posted a consolidated net profit of Rs
Eternal, the parent company of Zomato, has posted a 90 per cent YoY drop in its profit in the first quarter of fiscal year 2026. The company posted a profit of Rs 25 crore in Q1FY26, while its profit in Q1FY25 was Rs 253 crore. Further, Eternal’s total revenue from operations in Q1FY26 stood at
Citing the adverse impact of mental health of youth, Maharashtra government is mulling to ban online games in the state. Chief Minister Devendra Fadnavis on Friday said he has spoken to the Information and Technology Minister Ashwini Vaishnaw regarding this and said the Centre is “seriously looking into the issue”. While addressing the Legislative Assembly
When the Unified Pension Scheme (UPS) was announced as an option in place of the National Pension System (NPS) for around 24 lakh central government employees, employee unions and experts flagged multiple issues in the scheme. One of the issues they raised pertained to the denial of pension benefits till actual superannuation on voluntary retirement
India added 3.8 gigawatt (GW) of solar open access capacity in the first half of the calendar year 2025, down over 4% from 3.9 GW added in the first half of 2024, as per data from Mercom. In the second quarter of 2025, the country added 2.7 GW of solar open access capacity. ALSO READOrder
Cement stocks are once again on Dalal Street investors’ radars with the monsoon season expected to get over the next 2-3 weeks and peak construction activity expected to restart in most parts of the country. Also, with the government recently announcing that GST on cement industry would shortly fall to 18% from 28%, and lower
8th Pay Commission latest update: In a relief for over 1 crore central government employees and pensioners, the Centre has said it is “actively consulting” state governments on the 8th Pay Commission matter and an announcement can be expected soon with regard to the constitution of the panel. A delegation from the Government Employees National
The ministry of heavy industries (MHI) has proposed a Rs 13,000-crore incentive scheme for the construction equipment sector with the aim of strengthening domestic manufacturing and reducing import dependence. The scheme is under discussion with key ministries and is expected to be taken up for Cabinet approval in the coming months, officials told Fe. ALSO
