Category: Business

Walmart acquired Flipkart for $37 billion in 2018 in what is still the largest e-commerce deal in India. (Reuters)
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Supreme Court rules against Tiger Global in Walmart-Flipkart deal tax case| Business News

Tiger Global’s $1.6-billion stake sale in Flipkart at the time of the Walmart-Flipkart acquisition deal in 2018 is subject to tax, the Supreme Court of…

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A worker sits on a ship carrying containers at Mundra port in Gujarat. (Reuters)
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India’s trade deficit slightly widens to $25.04 billion in December 2025| Business News

India’s trade deficit widened a little last month amid data that showed US exports actually increased in the ongoing fiscal despite 50% tariffs. A worker…

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Ericsson headquarters in Stockholm, Sweden. (AFP)
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Ericsson plans layoffs in Sweden that’ll affect at least 1,600 jobs| Business News

Ericsson AB plans to cut about 1,600 jobs, as the Swedish network equipment supplier looks to reduce its operational costs. Ericsson headquarters in Stockholm, Sweden….

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Cars on display at Tesla’s facility in Gurugram, India. (Parveen Kumar/HT)
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Tesla offers Model Y on discount in India amid few takers| Business News

Tesla is struggling to offload about a third of the initial electric cars it imported to India last year, as some prospective buyers who made…

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Grok has faced tremendous legal scrutiny in many countries following a deluge of non-consensual morphing of images. (Representative file photo)
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Putting Grok back in the bottle? Decoding how X claims it is taming misbehaving AI| Business News

After weeks of allowing X users to virtually undress women, often children, using the social media platform’s artificial intelligence (AI) chatbot Grok, Elon Musk’s X…

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Dell AI PC
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Dell’s AI facts, analysing Philips’ impressive CX3013 OFR, & China’s car mandate| Business News

Opening thoughts. I like to begin our weekly conversation on a positive, cheerful note. At least as much as possible. Analysing Microsoft’s fairly standard ineptitude…

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India's Prime Minister Narendra Modi (AFP FILE)
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PM Modi to address National Startup Day event on Friday| Business News

NEW DELHI: The government plans to involve big private firms in hand-holding youth to encourage next-generation technopreneurs in areas such as deep tech and artificial intelligence (AI),…

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A commuter walks past the building of India's Ministry of Finance during dusk in New Delhi (REUTERS FILE)
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Telecom sector urges sharp cut in licence fee ahead of budget| Business News

NEW DELHI: The telecom industry has urged the finance ministry to sharply cut licence fees and temporarily pause mandatory contributions to the Digital Bharat Nidhi…

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A freight train carrying cargo containers rides along a railway track in Ajmer on August 26 (AFP FILE)
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As US tariff threat looms, officials say India-Iran trade ‘minuscule’| Business News

NEW DELHI: India’s trade with Iran is minuscule and primarily involves supplies of food and pharmaceuticals essential for inflation-ravaged Iranian citizens, people aware of the matter said,…

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Tata Consultancy Services is in the throes of a pivot to become the world's largest AI-led technology services company. (Reuters)
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TCS taps AMD for AI expansion as CEO pushes ‘pilot to production’ shift| Business News

Tata Consultancy Services Ltd. has struck a strategic alliance with chipmaker Advanced Micro Devices Inc. to accelerate the deployment of AI for enterprise clients, a…

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