Gaurav Bansal

[ad_1] Aarthi Subramanian (Image Credit: TCS) BENGALURU/MUBAI: Aarthi Subramanian is set to take over as the first woman chief operating officer at TCS on May 1 - but it doesn't end there. She will also be the first woman C-suite executive at a major homegrown IT services company.While the IT services industry, which is the backbone of India's economic growth, has seen some women in CEO positions, they have mainly been in local branches of foreign players. ITC Infotech, which is much smaller than the $30-billion TCS, had appointed Sushma Rajagopalan as CEO in 2014. Gender diversity at the top is unimpressive even though the industry is one of the biggest recruiters of women.Even within the broader Tata Group, Subramanian will be one of the few women to hold the top position as COO of a Tata company. In 2024, […]

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[ad_1] European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a Rs 11,000-crore tax show cause notice for alleged customs duty fraud related to the import of cars as completely knocked down units, rolled out the all-new Volkswagen Tiguan R Line at an introductory price of Rs 49 lakh. "Of course, we do not support the (reciprocal) tariffs but at the same time there are a lot of discussions about opening up the economy even in India through bilateral trade or free trade agreements," Piyush Arora, Managing Director at Skoda Auto Volkswagen India told PTI […]

[ad_1] Investor participation in India has shown consistent growth even as stock markets aligned with the global downturn over ongoing tariff tensions.By the end of February 2025, the total number of registered investors had crossed 11.2 crore, with 11.3 lakh new investors added in just that month, latest data by the National Stock Exchange revealed. It also reported a total of 21.9 crore client codes registered so far, since investors can hold multiple accounts with different trading members.“The registered investor base stood at 11.2 crore in Feb'25, with 11.3 lakh new investors added during the month. The total number of client codes registered with the exchange stood at 21.9 crore (219 million), reflecting all client registrations to date, as investors can register with multiple trading members.”The figures show a sharp rise in retail participation over the past year. The investor […]

[ad_1] Hyderabad based pharma giant Dr. Reddy’s laboratories firmly rejected media reports claiming that the company major is slashing workforce related costs by 25 per cent.The company’s response came after media reports surfaced alleging that the drug producer was planning to reduce manpower costs amid margin pressures. Media reported, citing sources, also alleged that high-earning employees were being laid off, while some in the 50–55 age group were being offered voluntary retirement, especially in the R&D division.Dismissing the claims, Dr. Reddy’s said in an official exchange filing that the information was “factually incorrect” and denied any such cost-cutting measure.“We wish to clarify that the said news is factually incorrect. We categorically deny the claim of a 25% workforce cost reduction and the other claims mentioned in the said news article.”The company also added that it does not comment on market […]

[ad_1] US stocks rallied as investors welcomed a surprise move by President Donald Trump to temporarily exempt key technology products from new tariffs. The exemption, which includes smartphones, computers, and semiconductors gave a major lift to tech-heavy indices and set a bullish tone for the start of the week.At 9:37 am GMT, the Dow Jones Industrial Average was up 413.95 points, or 1.03%, trading at 40,626.66. The S&P 500 rose 72.47 points to 5,435.83, marking a 1.35% gain, while the Nasdaq Composite surged 280.79 points, or 1.68%, to 17,005.25, led by outsized gains in the tech sector.Tech giants rallied strongly in pre-market trading following the tariff announcement. Apple saw its shares jump more than 6%, while Nvidia added over 3%. The Technology Select Sector SPDR Fund (XLK) also climbed around 3% before the market opened, reflecting broad optimism across the […]

[ad_1] Indian investors suffered a massive bloodbath at Dalal street, with the market capitalisation of BSE-listed companies falling by a staggering Rs 11.30 lakh crore since the beginning of April. The downfall was triggered by ongoing tariff concerns fueled by a series of aggressive tariff announcements between the United States and China.Since April 2, the BSE benchmark Sensex tumbled 1,460.18 points, or 1.90 per cent. This decline reflected rising uncertainty across global financial markets, which were first shaken when US President Donald Trump introduced a sweeping tariff plan in the first week of April.From Rs 412.98 lakh crore on April 2, the total market capitalisation of BSE-listed firms had fallen to Rs 401.67 lakh crore, a drop of over Rs 11.3 lakh crore ($ 4.66 trillion).The announcement set off fears of a full-blown trade war, especially after China responded with […]

[ad_1] China has warned the UK government to treat the Chinese owners of British Steel fairly or risk undermining investor confidence in the country, two days after British authorities took control of the company.China’s Foreign Ministry made the comment on Monday as government-appointed managers raced to prevent British Steel from shutting down the last two blast furnaces in Britain that make so-called virgin steel from raw materials.Parliament on Saturday passed legislation authorizing the government to take control of the company and its Scunthorpe steelworks from Jingye Group, which has owned British Steel since 2020. Jingye still owns the company but British authorities have taken control of day-to-day operations.“We hope the British government treats Chinese enterprises investing and operating in the U.K. fairly and justly, protects their legitimate rights and interests, and avoids politicizing and over-securitizing economic and trade cooperation, so […]

[ad_1] World markets advanced sharply on Monday after US President Donald Trump announced a temporary exemption on electronics—including smartphones, laptops, and computer chips—from new tariffs, offering relief to technology companies and boosting investor confidence.In early European trading, Germany’s DAX surged 2.4% to 20,857.54, France’s CAC 40 rose 2% to 7,245.28, and the UK’s FTSE 100 climbed 1.8% to reach 8,104.83. US futures also pointed to a positive start, with the S&P 500 gaining 1.2% and the Dow Jones Industrial Average rising 0.9%, according to new agency AP.Tech stocks lead gains Asia’s markets logged solid gains, driven largely by optimism in the tech sector. Japan’s Nikkei 225 rose 1.2% to 33,982.36, while South Korea’s Kospi gained 1% to 2,455.89. Shares in major tech firms surged—Tokyo Electron climbed 1.4%, Advantest jumped 4.9%, and Samsung Electronics advanced 1.8%.Hong Kong’s Hang Seng Index rallied […]