Business updates

Business updates

Supreme Court rules against Tiger Global in Walmart-Flipkart deal tax case

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

India's trade deficit slightly widens to $25.04 billion in December 2025

India exports rose to $38.51 billion in December from $38.13 billion in November. Imports increased to $63.55 billion from $62.66 billion during the same time.>

Ericsson plans layoffs in Sweden that'll affect at least 1,600 jobs

Ericsson AB plans to cut about 1,600 jobs, as the Swedish network equipment supplier looks to reduce its operational costs.>

Tesla offers Model Y on discount in India amid few takers

Tesla registered only 227 cars in India for all of 2025 highlighting the gap between early demand signals and actual sales.>

Putting Grok back in the bottle? Decoding how X claims it is taming misbehaving AI

X’s sudden effort to civilise Grok is less about ethical enlightenment, but more like a belated damage limitation exercise>

Wired Wisdom: Dell’s AI facts, analysing Philips’ impressive CX3013 OFR, & China’s car mandate

The Philips Oil Filled Radiator CX3013/01 takes a rather simple approach to the proposition, which itself is rare in this age.>

PM Modi to address National Startup Day event on Friday

India has over 200,000 DPIIT-recognised startups as compared to the 400 startups in 2016 when the ‘Startup India’ initiative was launched, the official said>

Telecom sector urges sharp cut in licence fee ahead of budget

The telecom sector called the License Fee, a combination of the L icense (3% of AGR) and Digital Bharat Nidhi Contribution (5% of AGR), a huge financial burden>

As US tariff threat looms, officials say India-Iran trade ‘minuscule’

India ceased importing oil from Iran in May 2019 due to sanctions imposed by the Trump administration during his first term>

TCS taps AMD for AI expansion as CEO pushes ‘pilot to production’ shift

TCS is betting that its ability to offer “AI-first” architecture—backed by the likes of AMD—will differentiate it from rivals still focused on labour arbitrage.>

Credits : HTimes