In a move that has stirred the Indian IT sector, Tata Consultancy Services (TCS) has announced plans to cut approximately 12,000 jobs, or 2% of its global workforce, during FY26. Contrary to speculation, CEO K Krithivasan has firmly stated that artificial intelligence is not the reason behind this decision. What’s Driving the Layoffs? Krithivasan emphasized that the layoffs stem from skill mismatches and redeployment challenges, not AI-led productivity gains. Despite extensive upskilling efforts—training over 5.5
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28July
China’s Rare Earth Grip: Looming Supply Shock Threatens Indian Industry, Exports, and Banking Sector
India’s industrial and financial sectors are bracing for potential disruption as China imposes stricter controls on rare earth exports. A recent analysis by the State Bank of India warns that this supply shock could have significant downstream effects on manufacturing, trade, and credit institutions. Strategic Minerals, Strategic Risk Rare earth elements—critical in the production of electric vehicles, mobile phones, defense systems, and clean energy technologies—may form a minor part of production costs, but their role
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Bharat Electronics Ltd. (BEL) has delivered a strong start to the financial year, reporting a sharp rise in net profit for the first quarter of FY26, bolstered by improved operating margins and robust order inflow. Key Financial Highlights Net Profit: ₹969.91 crore, up 23% from ₹791 crore in Q1 FY25 Revenue from Operations: ₹4,439.74 crore, a rise of 4.6% EBITDA: ₹1,238.27 crore, up 31% EBITDA Margin: 27.9%, compared to 22.3% in the previous year BEL’s
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With both companies releasing their Q1 FY25 results, investors are weighing proven stability against disruptive growth. Here’s a detailed breakdown to help you decide which stock aligns better with your strategy. Financial Performance Snapshot MetricBajaj FinanceJio Financial ServicesNet Profit (Q1 FY25)₹4,765 crore (+22% YoY)₹325 crore (+4% YoY)Total Income₹19,524 crore (+21% YoY)₹619 crore (+48% YoY)Net Interest Income (NII)₹10,227 crore (+22% YoY)₹363 crore (+124% YoY)Assets Under Management (AUM)₹4.42 lakh crore (+25%)₹11,665 crore (vs ₹217 cr)Customer Additions4.69 millionRapid
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Amagi Media Labs, a Bengaluru-based SaaS firm specializing in cloud-native video delivery solutions, has filed its draft red herring prospectus (DRHP) with SEBI, proposing a ₹1,020 crore IPO. This marks a significant step as Amagi gears up to expand its technology infrastructure and global footprint. IPO Structure and Breakdown The IPO includes two major components: Fresh Issue: ₹1,020 crore to be raised Offer for Sale (OFS): Up to 3.41 crore shares by existing investors like
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