Tata Consultancy Services (TCS) announced a 12.22 per cent increase in its net profit for the March quarter, reaching Rs 13,718 crore, alongside a 9.64 per cent rise in revenue from operations.
A key industry leader acknowledged the India IT services sector faces a "painful" transition due to AI, but emphasized the industry's resilience and ability to adapt through reinvention and focusing on complex enterprise technology.
A key industry leader acknowledged the India IT services sector faces a "painful" transition due to AI, but emphasized the industry's resilience and ability to adapt through reinvention and focusing on complex enterprise technology.
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
The World Anti-Doping Agency (WADA) is shifting its focus from individual athletes to the criminal networks that supply performance-enhancing drugs (PEDs), recognising that athletes are often victims of sophisticated doping operations.
India's largest IT services company TCS on Thursday reported a 6 per cent rise in its June quarter net profit at Rs 12,760 crore. The Tata group company had posted a net profit of Rs 12,040 crore in the corresponding period last year.
The country's largest IT services company TCS on Thursday announced a tie-up with private equity major TPG for its upcoming data centre business, in which both the partners aim to invest Rs 18,000 crore. TPG will invest $1 billion or around Rs 8,870 crore in the AI data centre business christened as 'Hypervault', and hold a stake between 27.5-49 per cent in the venture.
The government has issued Letter of Intent to Starlink for satcom services, sources said on Wednesday. Starlink is a satellite internet service developed by SpaceX -- the American aerospace manufacturer and space transportation company founded in 2002 by world's richest man Elon Musk.
Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.
Adoption of Artificial Intelligence (AI) in India's 64 million Micro, Small and Medium Enterprises (MSMEs) alone could unlock over $500 billion in economic value, but the country must pivot from an "adopt-first" to an "invent-first" mindset to realise this potential, according to a new report.
Infosys reported a 20.8 per cent increase in consolidated net profit to 8,501 crore for the January-March quarter of FY26, with revenue from operations rising 13.4 per cent to 46,402 crore. The IT major has guided for a 1.5 to 3.5 per cent revenue growth for FY27, driven by momentum in financial services, utilities, and emerging AI services, despite a volatile macroeconomic environment and geopolitical risks.
Indian officials will visit the US to finalise the legal text for an interim trade agreement, expected to be signed in March, focusing on duty concessions and reciprocal tariffs.
After recording negative growth for two consecutive months, India's merchandise exports to the US rose 22.61 per cent to $6.98 billion in November despite steep 50 per cent tariffs on domestic goods, according to commerce ministry data. Imports during the month grew 38.29 per cent to $5.25 billion, the data showed.
Cigarette-to-soap conglomerate ITC on Thursday reported a consolidated net profit (attributable to owners) of Rs 4,931.19 crore for the third quarter (October-December/Q3) of 2025-26 (FY26), affected by a one-time provision related to the new labour codes and a base effect from an exceptional item in Q3 of 2024-25. In the year-ago period, net profit had stood at Rs 4,934.8 crore.
The Athletics Federation of India (AFI) pledges to collaborate with NADA and the Sports Ministry to address doping concerns after the Athletics Integrity Unit (AIU) categorised India as a high-risk country for doping violations.
India has been designated as a country with an 'extremely high' risk of doping by World Athletics, leading to more stringent anti-doping measures for Indian athletes.
India's largest IT services firm, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. As of June 30, 2025, TCS's workforce stood at 613,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter.
David Perdue said in a post on X that the US-India relationship delivers real results through close cooperation in diverse areas, including defence, energy and through Quad engagement.
US Representative Greg Steube, a Republican from Florida, introduced the 'Ending Exploitative Imported Labour Exemptions Act or EXILE Act', a bill that would amend the Immigration and Nationality Act by ending the H-1B visa programme.
India's forex reserves increased by $5.17 billion to $696.65 billion for the week ended June 6, the RBI said on Friday. The overall reserves had dropped by $1.24 billion to $691.49 billion for the week ended May 30.
Afghanistan's anti-doping programme has collapsed since the Taliban's return to power, with no tests conducted for three years and the country's exiled anti-doping chief admitting there is currently 'no hope'. The programme faces numerous challenges, including a lack of Doping Control Officers, logistical issues, and political instability.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
A senior government official asserts India's independence in purchasing Russian oil, stating that US sanctions waivers merely remove friction but do not dictate India's energy policy. The official highlights India's commitment to energy security and affordability for its citizens.
India and the US have decided to reschedule their meeting to finalize the interim trade pact due to recent developments and implications, including changes in US tariffs.
Bitcoin has fallen from its peak of $1,26,251.3 on October 6, 2025, to $65,405.5, a decline of 48.2 per cent. Investors must recognise that sharp volatility is inherent to Bitcoin and avoid kneejerk reactions.
Foreign direct investment (FDI) in India rose 18 per cent to $35.18 billion during April-September this fiscal year, while the inflow from the US more than doubled to $6.62 billion during the first half of this fiscal, according to government data released on Monday. Foreign Direct Investment (FDI) during April-September FY24 stood at $29.79 billion.
India's forex reserves jumped by $6.99 billion to $692.72 billion during the week ended May 23, the RBI said on Friday.
Chief Economic Adviser V Anantha Nageswaran on Wednesday said that the country is not pursuing any proposal to replace the US dollar as international currency for global trade. "No, certainly not. I think India is not part of any such initiative," he said in response to a question if India is looking at an alternative currency to the US dollar for global trade.
The government is not seeking to control or restrict online content but rather to ensure transparency by requiring creators to label AI-generated content so that audiences can make informed choices, Electronics and IT Secretary S Krishnan said on Thursday.
Infosys on Wednesday reported an 8.7 per cent increase in consolidated net profit in the June quarter to Rs 6,921 crore, as India's second-largest IT services firm forecast a 1-3 per cent revenue growth for the full FY26. The Bengaluru-headquartered firm had logged a net profit (attributable to owners of the company) of Rs 6,368 crore in the year-ago period, according to a regulatory filing.
The jumper, who is in her 30s, had also competed in the Hangzhou Asian Games in 2023, a source in the Athletics Federation of India told PTI.
India's forex reserves jumped by $4.55 billion to $690.62 billion for the week ended May 9 on the back of a steep increase in gold assets, the RBI said on Friday.
The Americans can occupy Bab el Mandeb, claim to have 'solved' the Strait of Hormuz crisis, declare victory that President Trump so desperately needs, points out Colonel Anil A Athale, former head of the history division, ministry of defence.
Customs duty cannot be levied on electricity supplied from a special economic zone (SEZ) to the domestic market, ruled the Supreme Court on Monday while upholding Adani Power's appeal against a 2019 judgment of the Gujarat high court. The 2019 judgment had denied relief to Adani Power from Customs duty on electricity supplied from its Mundra SEZ unit to the domestic tariff area (DTA).
India's forex reserves dropped Rs 2.065 billion to Rs 686.064 billion for the week ended May 2, the RBI said on Friday.
US-based IT major Cognizant, which has a substantial number of employees in India, on Wednesday reported a better-than-expected growth with its revenue rising 7.3 per cent year-over-year to $5,415 million for the quarter ended September 2025. In the last quarter, the company had guided its third-quarter revenue to be between $5.27-5.35 billion.
'Being an important institution in the banking system, we are subject to regulatory supervision, both offsite and onsite.' 'When you look at the intensity at which these levels of supervision come, we, on the board and in management, believe there should not be any surprises.'
India's forex reserves increased $1.98 billion to $688.13 billion during the week ended April 25, the RBI said on Friday. This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to $686.14 in the previous reporting week.
OpenAI's AI chatbot ChatGPT experienced a major global outage on Tuesday, leaving thousands of users unable to access the service across multiple continents, with India and the United States reporting the highest number of disruptions.
India's forex reserves jumped $8.31 billion to $686.14 billion for the week ended April 18, the RBI said on Friday. This is the seventh consecutive week of a rise in the kitty, which had jumped by $1.57 billion to $677.83 billion in the previous reporting week ended April 11.
