The United States has imposed sanctions on at least six Indian companies accused of trading in Iranian petroleum and petrochemicals, as part of a broader action targeting 20 entities across the globe. The sanctions were announced by the US Department of State on Wednesday, citing violations of American sanctions against Iran. Indian Companies Named in...
New Delhi: Bharat Sanchar Nigam Limited (BSNL) is set to generate robust operating cash flows on a quarterly basis as the state-owned telecom operator emphasizes operational performance over net profit margins, Union Minister of Communications Jyotiraditya Scindia announced on Monday. During the BSNL’s Strategic Review and Planning Meeting for 2025-26, Scindia stressed that investors and...
India’s recently signed Free Trade Agreement (FTA) with the United Kingdom is expected to result in a Rs 4,060 crore loss to customs revenue in its inaugural year, as per estimates from the Global Trade Research Initiative (GTRI). The fiscal repercussions are projected to increase each year, reaching Rs 6,345 crore, approximately £574 million, by...
Tata Consultancy Services (TCS), India’s largest IT services firm, has announced that it will reduce its global workforce by 2%—approximately 12,200 employees—in the financial year FY26 (April 2025 to March 2026). The layoffs, which will primarily affect middle and senior management roles, come as part of the company’s strategy to align with changing technology demands...
Tata Consultancy Services (TCS), India’s largest IT services provider, has announced plans to lay off around 12,000 employees, representing about 2% of its global workforce. This restructuring will mainly impact middle and senior-level roles as the company adapts to a new business model and focuses on becoming a future-ready organization. As of June 30, 2025,...
Following the conclusion of his two-day trip to the United Kingdom, Prime Minister Narendra Modi arrived in Male on Friday, where he received a warm welcome from Maldivian President Mohamed Muizzu and senior cabinet officials, including the Foreign Minister, Defence Minister, Finance Minister, and the Minister of Homeland Security. Modi is set to visit the...
India and the UK have finalized a Comprehensive Economic and Trade Agreement (CETA) aimed at increasing imports and exports to over $100 billion by 2030, up from the current $56 billion. This marks the first of several significant agreements that the Narendra Modi administration hopes to establish amid the global turmoil caused by US President...
During Prime Minister Narendra Modi’s visit to the UK, a significant event will be the signing of a free trade agreement (FTA) between the two nations. Whisky, automobiles, electric vehicles, and textiles are among the sectors that will gain advantages following the agreement, the negotiations for which wrapped up in May after three years of...
MUMBAI: One 97 Communications, the parent company of Paytm, has announced a consolidated net profit of Rs 123 crore for the June quarter, a significant turnaround from a net loss of Rs 839 crore in the same period last year. This improvement was driven by a strong lending business, which contributed to a revenue of...
New Delhi: The chances of reaching an interim trade agreement between India and the United States before the August 1 deadline set by Washington have diminished, as discussions remain stalled over tariff reductions on essential agricultural and dairy products, according to two sources from the Indian government. In April, US President Donald Trump threatened to...