TCS sets 6 months’ pay as minimum severance

BENGALURU: TCS has rolled out a tiered severance package for about 12,000 employees, primarily affecting mid- and senior-level executives. This move is part of a major workforce realignment as the company ramps up investments in AI, data, and cybersecurity, while phasing out roles that cannot be redeployed within the organisation. The decision has sparked a…

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India losing trade ground? China crucial for manufacturing exports, says Niti Ayog CEO; tariff cuts needed on key inputs

India’s trade position risks losing ground in global markets without increased exports to China and reduced import duties on raw materials, warned the head of a government policy think tank on MondayNITI Aayog CEO BVR. Subrahmanyam emphasised that strengthening trade relations with China is crucial for enhancing India’s manufacturing exports, particularly as Asia emerges as…

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‘Zero faith’: If Trump’s tariffs are overturned, how easily will businesses get back billions in refunds? It could be a nightmare!

Trump has valued the tariff income, declaring it has restored national wealth. (AI image) Donald Trump administration’s tariff collections – running into billions of dollars – is threatened in case the Supreme Court decides to strike down the US President’s tariff policies. Trump himself has warned that any decision against his tariff policies would spell…

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‘EV prices to match petrol vehicles’ in 4-6 months’: Nitin Gadkari outlines auto sector vision; aim for global leadership

AI image used for representative purposes NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Monday said that electric vehicle (EV) prices in India are expected to match the cost of petrol vehicles within four to six months, highlighting the economic and environmental pressures of India’s Rs 22 lakh crore annual fuel import…

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US-Brazil trade: Lula wants Donald Trump to drop 40% tariffs; leaders discuss ties over phone

US President Donald Trump and Brazilian President Luiz Inácio Lula da Silva engaged in a 30-minute telephone discussion on Monday regarding the 40% US tariff on Brazilian imports. During their call, they exchanged contact information, and Lula extended an invitation to Trump for the upcoming climate summit in Belem, as reported by Associated Press.Following the…

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Donald Trump tariffs: US President announces 25% levies on medium, heavy-duty truck imports; effective from November 1

File photo: US President Donald Trump US President Donald Trump on Monday announced a 25% tariff on all medium and heavy-duty trucks imported into the United States, effective November 1, 2025.“Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of…

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