Latest News, Updates & Breaking Headlines
Wipro reported a marginal decline in its March quarter profit even as revenue grew, with the IT major flagging a challenging global environment and cautious near-term outlook.The company posted a consolidated net profit of Rs 3,501.8 crore for Q4 FY26, down 1.89 per cent from Rs 3,569.6 crore a year ago, according to PTI.The dip…
BENGALURU: TCS remains optimistic about growth despite a muted FY26 performance, citing strong AI-led momentum and a steady deal pipeline. The company reported a 2.4% decline in constant-currency revenue-which excludes the impact of exchange rate fluctuations-while in dollar terms, revenue fell 0.5% to $30 billion. However, operating margin rose 70 basis points to 25%, a…
Districts bordering Bihar are leading Uttar Pradesh in excise revenue, with some exceeding targets by over 100% (AI image) LUCKNOW: Six districts bordering ‘dry’ state Bihar have emerged as the top excise revenue grossers for UP during 2025-26. In fact, five out of these six dists have collected more than 90% of the target revenue…
Centre’s decision to remove customs duties on petrochemicals might reportedly cost the government around 18 billion rupees. The measure has been introduced under emergency provisions to tackle supply disruptions caused by the ongoing conflict in the Middle East. Announced on Thursday, the decision follows New Delhi’s invocation of emergency powers and the diversion of local…
Iran is benefitting twofold from the sale of oil amid rising prices since the start of the war as it is the only country to transit the Strait of Hormuz. Tehran is estimated to have generated roughly $139 million per day from sales of this key blend so far in March, up from about $115…
The Trump administration has intensified efforts to recoup about $1.6 trillion in tariff revenue lost after the Supreme Court struck down a range of the president’s import duties, with officials turning to new investigations and legal provisions to impose replacement levies, according to news agency AP report.Experts say recovering the revenue–which the White House had…
NEW DELHI: Almost all states have reaped a bounty after implementation of Goods and Services Tax (GST) with their own tax revenue efforts getting a major boost.A decadal study by the comptroller and auditor general (CAG) on the implementation of GST and its impact on the own tax revenue of states showed that the average…
AI-generated image for representation purpose Xiaomi, Oppo, OnePlus and Realme are among the nine largest Chinese electronics companies that have reported a fall in India sales for the first time in nearly a decade. According to regulatory filings analysed by Economic Times, this comes as demand shifts from entry and mid-level smartphones to premium devices….
TCS) CEO K Krithivasan (File photo) IT giant TCS encourages the use of artificial intelligence by its employees even if it affects their revenue streams, said its CEO, explaining the advantages of the firm’s approach. He described the adoption of AI as a ‘civilisational shift’.Speaking at the annual NTLF event in Mumbai, Managing Director and…
Economists anticipate the decision will also dent federal revenues. (AI image) The Supreme Court has dealt a blow to US President Donald Trump’s favourite economic agenda – tariffs, to the extent that the US President has called the ruling a ‘disgrace’. Trump’s reciprocal tariffs have been called illegal by the apex court, The Supreme Court…
