TCS CEO K Krithivasan anticipates international revenue surpassing FY25 levels in FY26, pending trade clarity expected by late July or August. While projects with immediate ROI continue, longer-term initiatives face delays or scope reduction. The BSNL deal's wind-down impacted revenue by 2.8%. AI is driving efficiency, prompting discussions with clients about sharing productivity gains.
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Mercedes-Benz India is set to increase its prices by 1% to 1.5% starting in September. This decision comes as a direct response to the sustained weakness of the Indian rupee against the euro. According to MD and CEO Santosh Iyer, the exchange rate has remained consistently at the 100 INR mark, necessitating the price adjustment to mitigate the financial impact.
In 2024-25, the Indian government disbursed Rs 10,114 crore under Production-Linked Incentive (PLI) schemes, with large-scale electronics manufacturing receiving Rs 5,732 crore and pharmaceuticals securing Rs 2,328 crore. These two sectors collectively accounted for approximately 70% of the total incentive disbursements, highlighting their significant role in the PLI initiative.
Electric car sales in India are expected to rise. CareEdge Advisory projects over 7% sales by FY28. This depends on resolving rare earth element supply issues. New models and charging infrastructure are growing. Government's PLI scheme supports battery production. Electric car ecosystem has grown rapidly. Policy support and reduced costs will boost EV adoption in India.
Blackstone has withdrawn from the consortium aiming to invest in TikTok's US operations, adding to the uncertainty surrounding the deal. The investment group, led by Susquehanna International Group and General Atlantic, was considered the front-runner to acquire majority control. The exit comes amid delays and US-China trade tensions.
Jensen Huang, Nvidia CEO, lauded China's AI contributions at a Beijing expo. He highlighted DeepSeek's efforts and China's rapid innovation. Nvidia will resume H20 chip sales to China after US assurances. This news boosted global tech markets, with Nasdaq reaching a record high.
Cryptocurrency thefts have surged to $2.17 billion in the first half of 2025, surpassing 2024's total, driven by a massive $1.5 billion ByBit exploit. This spike, detailed in a Chainalysis report, highlights growing vulnerabilities in digital asset platforms and the increasing sophistication of attacks. While CoinDCX recently experienced a $44.
Malaysia has placed immediate restrictions on the movement of high-performance AI chips from the US. This is to prevent unauthorized rerouting to countries like China. All movements of US-origin AI chips now need a permit. This move follows concerns about transshipment of chips via Malaysia. Malaysia is investigating reports of Chinese firms circumventing US export controls.
SpaceX has pledged $2 billion to xAI as part of a $5 billion equity round, strengthening Elon Musk's AI startup's position against OpenAI. Following xAI's merger with X, the combined entity is valued at $113 billion, with the Grok chatbot now supporting Starlink and potentially integrating into Tesla's Optimus robots.
BSE and NSE shares have plummeted due to the Jane Street controversy, regulatory actions, and declining derivatives volume, resulting in a significant market capitalization loss. BSE has entered a bear market, while NSE approaches a substantial reduction.
Silver prices soared to an unprecedented Rs 1,14,875 per kg in futures trading, fueled by robust global cues and a weakening US dollar. Simultaneously, gold futures also experienced gains, climbing to Rs 98,138 per 10 grams amid strong spot market demand.