- India's top consulting and audit firms hit by AI and war; job cuts, hiring freeze loom April 2, 2026Consulting and auditing firms are slowing hiring and cutting jobs due to AI automation and reduced client demand linked to the West Asia war. Research and production services roles face the biggest impact, while hiring shifts toward AI, data, and risk-focused positions.
- March collapse reverses India Inc.’s capex momentum April 2, 2026New project announcement drop 13% to ₹44 trillion after public and private capex announcements plummeted by more than 50% year-on-year in the last quarter as the West Asia war soured sentiment.
- Mahindra's no. 2 spot under threat as Tata Motors gathers momentum April 2, 2026According to Mint’s review of the government's Vahan portal data, Tata Motors PV sold about 408,000 cars between September, when the govt cut GST, and March, higher than the 396,000 units sold by Mahindra and Mahindra.
- Oracle’s layoffs signal deepening AI threat for software firms and employees April 2, 2026Mint learns that about 12,000-15,000 of Oracle’s layoffs will be in India, which has a total of 30,000 employees, according to at least four people with knowledge of the matter.
- Sonos Makes Marketing Cuts as New CMO Reshapes Division April 1, 2026Sonos Inc. eliminated jobs on its marketing team Wednesday, with new Chief Marketing Officer Colleen DeCourcy telling employees that the division “had grown into something too diffuse to move at the speed this brand needs.”
- GAAR shadow over payments abroad worries India Inc April 1, 2026India Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The government offered partial relief on GAAR for old stock investments, but companies want assurance against tax officials invoking GAAR on dividends, interest, and royalties.
- India has managed war disruptions better than many other economies: P D Singh April 1, 2026Indian businesses and banks are navigating the West Asia conflict with resilience. Deal pipelines remain largely unaffected, with only war-linked transactions paused. While supply chain disruptions pose a risk, India's economic buffers are strong. Business activity in Gujarat's GIFT City is growing, and deposit mobilization is a key challenge for b […]
- Real GDP growth may slow on costly crude: Credit rating agencies April 1, 2026Icra projected GDP growth at 6.5% in FY27, assuming average crude price remains in excess of $85 a barrel this year, while Care Ratings projected a similar growth on higher average fuel-price assumptions-at $100 per barrel. However, Crisil expects robust balance sheet structures to provide sufficient undergirding against credit risks for an overwhelming perc […]
- USTR lists India's UPI and data rules as trade barriers April 1, 2026America has identified several trade barriers in India. These include India's preference for local satellites for DTH services and the exclusion of US payment firms from UPI. Data localization rules and high tariffs on agriculture products are also cited. The US is pushing for more access to India's dairy market. Discussions for an interim trade ag […]
- SEZ units can sell locally at lower duty for one year April 1, 2026India has announced a one-time relief for Special Economic Zone (SEZ) units, allowing them to sell goods in the domestic market at a lower customs duty for one year. This measure, along with a six-month extension of fiscal benefits under RoDTEP, aims to support exporters amid global crises and enhance export competitiveness by enabling better capacity utiliz […]
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