Business

[ad_1] BENGALURU: Even though TCS deferred its annual increments, an unprecedented departure from its April cycle, TCS EVP and CHRO Milind Lakkad said that the company rolled out 1.1 lakh promotions in FY25.They are in the process of hiring about 42,000 trainees in FY26, having recorded a similar number of hires in FY25.At the earnings presser, TCS CFO Samir Seksaria said the firm's tactical interventions were approximately 100 basis points, predominantly linked to promotions and merit-based advancements. However, some analysts felt that the demand cycle didn't warrant employee interventions out of cycle."Last year, we hired 40% digital hires compared to 17% the year before that. This is very strategic for us. For the four quarters, we had 13% attrition on the employee base we have. And we would need people for growth and for back-filling that attrition. And this (promotions) […]

[ad_1] Technology stocks rose after the Trump administration announced a pause in tariffs for phones, computers and consumer electronics, though officials later downplayed the reprieve.Shares of Apple Inc. climbed more than 6% on the Robinhood trading platform. Nasdaq 100 futures jumped more than 2.3% in early Asian trading hours Monday before halving the advance.In Taiwan, iPhone assembler Hon Hai Precision Industry Co. gained as much as 7.1%. South Korean parts maker LG Innotek Co., which gets the bulk of its revenue from Apple, surged as much as 8.9%. Nvidia Corp. supplier Advantest Corp. rose 6.3% in Tokyo. A gauge of Asian tech stocks climbed as much as 2.6%, boosting the regional benchmark.“We are in a much better spot than Friday” and tech investors “can now breathe a sigh of relief,” Wedbush analyst Daniel Ives wrote in a note. “But still […]

[ad_1] NEW DELHI: Ongoing uncertainty surrounding US trade policy—especially the recent tariff moves by the Trump administration—is expected to undermine business confidence and consumer sentiment across Asia, including India, and could significantly dampen regional growth, Moody’s Ratings said on Sunday.While President Donald Trump has announced a three-month delay in implementing reciprocal tariffs on most countries, China remains the exception, with a steep 125 per cent tariff already imposed. An additional 10 per cent duty on exports to the US will also continue, maintaining pressure on global trade dynamics.Nicky Dang, Senior Vice President at Moody’s Ratings, told PTI that "an escalation of US-Sino tensions and the spill-over effects from a slowdown in China pose significant downside risks to the region’s growth prospects."India may offer some resilience, but risks remainEconomies with large domestic markets, such as India, may benefit from companies looking […]

[ad_1] The combined market valuation of five of the top 10 most valued Indian companies rose by Rs 84,559.01 crore during a holiday-shortened trading week, with Hindustan Unilever Limited (HUL) emerging as the biggest gainer. This rise came even as the broader market posted a slight decline, with the BSE Sensex slipping by 207.43 points or 0.27 per cent, and the NSE Nifty falling 75.9 points or 0.33 per cent. The stock markets remained closed on Thursday on account of Shri Mahavir Jayanti, as per PTI report. Hindustan Unilever led the gains with its market capitalisation jumping by Rs 28,700.26 crore to reach Rs 5,56,054.27 crore. Reliance Industries followed closely, adding Rs 19,757.27 crore, pushing its valuation to Rs 16,50,002.23 crore. ITC also recorded a significant increase of Rs 15,329.79 crore, taking its market cap to Rs 5,27,845.57 crore. Bajaj […]

[ad_1] India's largest carrier IndiGo is confident that the global events triggered by tariff hikes will not impact its long-term plans. The large domestic market, which includes a big untapped segment, will help airlines, the company's Chief Executive Pieter Elbers told PTI in an interaction. "Some of the more recent dynamics and the global scale are not changing any of our capacity (expansion) plans for next year," he said. He, however, said a major economy like India cannot be insulated from a major world event like the tariff wars. Elbers said the company is desirous of doubling its size by the end of the decade and the same will not be impacted. The long-term trajectory for the business is one of growth, and the company will not be affected if there is a quarter of a blip or higher achievement […]

[ad_1] The UK pledged £20 billion ($26 billion) on Sunday to help exporters including those affected by US tariffs, as President Donald Trump's sweeping stop-start import taxes roil global markets.Britain's finance ministry said the move would expand the UK's export finance package by £20 billion to a total of £80 billion, with "thousands of UK businesses affected by tariffs set to benefit."Up to £10 billion of that support will be used specifically for firms "impacted in the short term by the current situation," it said.Finance minister Rachel Reeves said the move would help companies weather difficulties ahead."The world is changing, which is why it is more important than ever to back our world-leading businesses and support them to navigate the challenges ahead," she said.The finance ministry said small businesses will also be able to access loans of up to £2 […]

[ad_1] With egg prices hitting record highs just ahead of Easter, some families — and even a few bunnies — may be looking for more affordable alternatives to keep the holiday tradition alive. One sweet solution? Marshmallows.Priced around $2 a bag, marshmallows are emerging as a cost-friendly, dyeable substitute for eggs this season. Capitalizing on the trend, Kraft Heinz-owned Jet-Puffed has launched its first-ever “Dip and Decorate Dozen” kit — a pastel-themed marshmallow decorating set designed to bring Easter fun without the egg-spense, as reported CNN. In a press release, Jet-Puffed described the kit as a “festive, mess-free twist on egg decorating.” Priced at just $1.99, it includes six vibrant color packs, mini tongs for dipping, decorating pens, and a 24-ounce bag of extra-large marshmallows — roughly the same size as jumbo eggs. The kits are available exclusively on Walmart’s […]

[ad_1] PM Narendra Modi and Donald Trump (File photo-ANI) The proposed India-US bilateral trade agreement is unlikely to include a 'zero-for-zero' tariff strategy, as the two nations are at different stages of economic development, official sources said. The idea, though floated by trade experts to counter reciprocal tariff hikes by the US, does not align with how trade deals are typically negotiated, officials noted.A senior official explained that such a strategy — where both sides eliminate tariffs on similar products — is feasible between advanced economies like the US and the European Union, but not between countries with differing economic structures like India and the US, as reported by PTI. “Trade agreements do not happen like this — if they go zero on electronics, we will too. That is a wrong notion,” the official remarked. Instead, India and the US […]

[ad_1] Equity markets are expected to remain volatile in the upcoming holiday-shortened week, with investors closely watching developments on the US-China tariff war front, along with key quarterly earnings from major Indian companies including Wipro and Infosys, according to analysts.Trading activity will be impacted by market closures on Monday for Dr. Baba Saheb Ambedkar Jayanti and on Friday due to Good Friday. Amid this limited window, market sentiment is likely to be dictated by global cues, foreign investor activity, inflation data, and macroeconomic numbers from major economies.“The upcoming week is set to be volatile for global and Indian markets, as the trade war between China and the US intensified with both countries imposing tariffs on each other, causing turmoil in the markets,” said Puneet Singhania, Director at Master Trust Group. He also noted that domestic investors will keep a close […]

[ad_1] Indian exports of smartphones, laptops and other electronics to the US are expected to become 20% cheaper as compared to those from China, after the Trump administration removed tariffs on a range of consumer electronics, industry body ICEA said on SundayThe move, announced over the weekend, is seen as a major boost for India’s rapidly growing electronics manufacturing sector. The US decided to exempt smartphones, tablets, laptops, flat-panel monitors and certain semiconductor components from the reciprocal tariffs imposed earlier on countries like China, India, and Vietnam.The exemption implies that India and Vietnam now enjoy a major tariff advantage over China in exporting these products to the US. “China still has 20 per cent of iPhones, laptops, tablets, and watches. Only reciprocal tariff has been removed for China. India has zero tariff on iPhones and all smartphones, laptops and tablets […]