Business

Business

IT sector: Amid fears of job losses, Infosys to hire 20,000 freshers in FY26

July 30, 2025 revoi editor

Virendra Pandit New Delhi: Days after Tata Consultancy Services (TCS) said it would lay off 2 percent of its workforce (12,000 staffers) this year, which triggered fears that the impact of Artificial Intelligence (AI) and other tools could reduce at least 125,000 jobs in this sector, Infosys on Wednesday said it would hire 20,000 […]

Business

We look forward to further strengthening Vietnam-India economic partnership: Gautam Adani

July 30, 2025 revoi editor

Adani Group Chairman Gautam Adani posted on social media and said, It was a privilege to meet H.E. To Lam, General Secretary of the Communist Party of Vietnam. His bold reforms and visionary agenda to position Vietnam as a regional leader in energy, logistics, ports and aviation reflect exceptional strategic foresight. We look forward to […]

Business

Global stocks mixed as investors brace for Fed meeting, tariff deadline

July 30, 2025 revoi editor

Global stocks struggled for clear direction on Wednesday ahead of the Federal Reserve’s policy announcement later in the day, with investors cautious after two days of trade talks between the U.S. and China concluded without any major breakthroughs. Treasury yields and the dollar were also little changed as the market anticipated the Fed will keep […]

Business

Upgrade: IMF ups India’s GDP forecast for FY26, FY27 to 6.4%

July 30, 2025 revoi editor

Virendra Pandit New Delhi: Amid Trump tariff uncertainties, the International Monetary Fund has upgraded India’s growth forecast by 20 basis points for the current fiscal and 10 basis points for the next fiscal years, the media reported on Wednesday. This is lower than the RBI projection (6.5 percent) but within the range of growth […]

Business

Sensex, Nifty open flat; fed rate decision in focus

July 30, 2025 revoi editor

Indian benchmark indices opened on a flat note on Wednesday as global trade uncertainties weighed on investor sentiment. Automobile stocks were the major laggards in early trade. At 9:25 AM, the Nifty was up 22 points, or 0.09 per cent, at 24,843, while the Sensex gained 64 points, or 0.08 per cent, to trade at […]

Business

India’s digital payments index rises sharply to 493.22, says RBI

July 29, 2025 revoi editor

Signalling India’s accelerating digital payments revolution, the Reserve Bank of India (RBI) on Monday announced that its Digital Payments Index (RBI-DPI) surged to 493.22 in March 2025, up from 465.33 in September 2024. The RBI-DPI, introduced in January 2021 with March 2018 as the base period set at 100, is designed to track the extent […]

Business

Indian markets rebound as Sensex surges 447 points, Nifty above 24,800

July 29, 2025 revoi editor

The Indian stock market closed on a positive note on Tuesday, reversing a multi-session losing streak as investor sentiment received a boost from broad-based buying despite subdued corporate earnings for the first quarter. The Sensex climbed 446.93 points, or 0.55 per cent, to close at 81,337.95. The index had opened in the red at 80,620.25, […]

Business

India sees renewed surge in oil and gas exploration, focus on Andaman deepwater region: Hardeep Puri

July 29, 2025 revoi editor

India is witnessing a significant resurgence in oil and gas exploration activity, particularly in offshore and frontier regions, with the Andaman-Nicobar basin emerging as a new focal point of national and global interest. In a written reply to Rajya Sabha on Tuesday, Union Petroleum and Natural Gas Minister Hardeep Singh Puri attributed the momentum to […]

Business

Roving Periscope: Trump ‘takes over’ the UK—before he will meet King Charles in Sept

July 29, 2025 revoi editor

Virendra Pandit New Delhi: He behaved like the King of Scotland, made Sir Keir Starmer a mere ‘extra’ in his own land, and called the London Mayor “nasty person” in the presence of the UK Prime Minister, the media reported on Tuesday about US President Donald Trump’s ongoing tour to the homeland of his […]

Business

Technology: TCS firing 12,000 staff sends shockwaves across IT sector

July 29, 2025 revoi editor

Virendra Pandit New Delhi: With Tata Consultancy Services (TCS), India’s largest software services provider, reducing its workforce by 2 percent (12,000 jobs) in 2025-26 from its global force—its stocks hit a 52-week low on Monday—this sector is likely to face significant reverses, the media reported on Tuesday. TCS had an employee headcount of 613,000 […]