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Layoff impact weighs: TCS loses Rs 28,149 crore in market cap in 2 days; 12,000 job cuts planned

Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation across two days, following its announcement to lay off about 12,000 employees globally over the course of this year.The IT major’s shares continued to slide for a second straight session on Tuesday, slipping 0.73% to close at Rs 3,056.55 on the BSE….

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Powerful quake hits Russian coast: Japan warns of tsunami waves up to 1 meter in Pacific – what we know so far

A powerful earthquake of magnitude 8 hit Russia’s Kamchatka Peninsula on Wednesday, following which, a tsunami alert was issued in the Pacific.The US Geological Survey reported an earthquake at a depth of 19.3 km, but there was no immediate update on its impact in Russia’s Kamchatka region. University of Tokyo seismologist Shinichi Sakai told NHK…

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‘Very bad policies’: Donald Trump rules out G20 visit to South Africa; escalates criticism over land reform, white minority ‘genocide’ claim

US President Donald Trump (Image: AP) US President Donald Trump on Tuesday ruled out attending the G20 summit in South Africa this November, citing what he described as “very bad policies” and repeating widely discredited claims that white citizens in the country are being systematically targeted and killed.Asked aboard Air Force One whether he would…

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‘If US fails to accept…’: North Korea’s warning to Trump over denuclearisation; bilateral talks still on table

Kim Yo Jong, sister of North Korean leader Kim Jong Un (Image: AP) North Korea issued a warning to Washington, insisting that any attempt by President Donald Trump’s second administration to revive stalled denuclearisation talks would be “nothing but a mockery.” In a statement broadcast by North Korean state media, Kim Yo Jong—the sister of…

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US-China trade deal talks: Tariff pause extended after ‘constructive’ discussions; here are the tax rates that will continue for now

US-China trade deal: The situation with China remains the most significant unresolved matter. (AI image) US-China trade deal talks: Following discussions in Stockholm, China’s chief trade representative announced on Tuesday that China and the United States have decided to maintain their existing tariff arrangements, extending the pause.The latest negotiations between Chinese and US trade representatives…

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India-US trade deal: Donald Trump says not finalized; hints at 20-25% tariff rate two days ahead of reciprocal tariff deadline

India-US trade deal: Trump’s remarks come two days ahead of the August 1, 2025 reciprocal tariff deadline. India-US trade deal: Ahead of his self-imposed tariff deadline, US President Donald Trump has said that a trade agreement with India has not yet been finalized. “India trade deal not been finalized,” said Trump. Asked whether India would…

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