Tata Consultancy Services (TCS), India’s largest IT services firm, has come under fire following reports of job terminations, drawing sharp criticism from the National Information Technology Employees Senate (NITES). The employee union condemned the layoffs as unjust and unethical, particularly in light of India's labor protections, and called upon the Ministry of Labour and Employment to initiate an immediate investigation. The development has intensified scrutiny on the IT sector's labor practices amid broader concerns about employment security in a volatile global tech environment.

Mazagon Dock Shipbuilders Ltd., a key player in India’s defense shipbuilding sector, reported an unexpected 35% year-on-year decline in net profit for the first quarter of FY2025, despite an 11% increase in revenue. The company's net profit fell to Rs. 189.8 crore, compared to Rs. 292 crore in the same quarter last year, largely due to higher expenses and operational costs. However, revenue from operations rose to Rs. 2,284 crore, underlining continued order execution and strong momentum in project delivery.

Aditya Birla Group Chairman Kumar Mangalam Birla has expressed a confident outlook on India’s economic direction, emphasizing resilience amid global headwinds. In his latest remarks, Birla noted that India remains one of the fastest-growing major economies, underpinned by structural reforms, steady capital investment, and robust domestic demand. He also acknowledged inflationary pressures and global uncertainties but maintained that India is well-positioned to navigate them through prudent fiscal management and a forward-looking investment climate.

Kitchen appliance maker TTK Prestige reported a sharp 37.2% year-on-year decline in net profit for the first quarter of FY2025, attributing the setback to sluggish consumer demand and sustained pressure on input costs. Net profit for the quarter fell to Rs. 30.55 crore, down from Rs. 48.65 crore in the same period last year. Revenue from operations dipped marginally by 1.8%, while total expenses remained elevated.

InterContinental Hotels Group (IHG), a leading global hospitality player, has further deepened its presence in India with the opening of Holiday Inn Express Kottayam in Kerala. As part of the group’s strategic expansion in emerging Tier II and Tier III cities, the property aims to cater to the needs of modern business and leisure travelers alike. Offering smart, efficient service under the globally recognized Holiday Inn Express brand, the new hotel underscores IHG’s commitment to tapping India’s evolving travel landscape.

The return of iconic television characters Mihir and Tulsi in Kyunki Saas Bhi Kabhi Bahu Thi 2 has ignited a wave of nostalgia among Indian television audiences. The much-anticipated sequel to the landmark soap opera has received overwhelming fan response, with viewers expressing joy and emotional connection to the show's revival. The creators have reimagined the original’s emotional core while preserving its quintessential storytelling elements.

Avaada Group, a leading player in India’s renewable energy sector, has unveiled plans to invest Rs. 5,000 crore in Bihar as part of its broader strategy to expand clean energy infrastructure across the country. The investment will be directed toward solar power generation, green hydrogen, and related energy storage solutions. With Bihar actively pursuing sustainable energy development, this strategic commitment is expected to significantly bolster the state's renewable energy capacity, create jobs, and align with India’s national goal of achieving net-zero emissions by 2070.

India’s premier stock exchange, the National Stock Exchange (NSE), has crossed a historic threshold by registering over 23 crore investor accounts, reflecting a sharp rise in retail participation in the capital markets. This remarkable growth is indicative of the increasing democratization of investing in India, fueled by technological accessibility, regulatory support, and growing financial literacy.

Gold prices in India continued their upward trajectory on Tuesday, climbing by Rs. 700 to reach a record Rs. 98,520 per 10 grams. The surge aligns with strengthening global gold rates, driven by safe-haven demand amid geopolitical tensions, a weakening dollar, and anticipation of central bank decisions on interest rates. Domestic bullion markets saw robust buying interest, particularly ahead of the festive season and ongoing wedding demand.

Indian equity benchmarks closed higher on Tuesday, buoyed by strong institutional buying in heavyweight Larsen & Toubro (L&T), which helped offset global headwinds. The Sensex gained 144 points to settle at 80,351, while the Nifty rose 51 points to finish at 24,507. The gains were primarily driven by a surge in L&T shares, following optimistic investor sentiment around its order pipeline and business outlook. Broader market participation remained healthy, with sectors such as capital goods, power, and FMCG contributing to the uptrend.