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TCS presses pause on salary hikes; plans to hire 42,000 engineers from campuses in FY26

The attrition rate of TCS has increased to 13.3% in the last 12 months

TCS will continue with quarterly variable payouts. According to the filings, 70% of employees will receive 100% variable pay in the Q4 FY25 while the remaining will be based on the business performance

Mercedes-Benz India posts record sales of 18,928 units in FY24-25, driven by luxury, BEVs

Mercedes-Benz India grew by 4% in FY 24-25.

Mercedes-Benz India has logged sales of 4775 units in Q1 of 2025, witnessing a decline of 11.8%, mainly driven by the drop of the entry-luxury segment by 28%. The top-end Luxury segment, however, grew by 6% in the same period.

Prada to acquire Versace in €1.25 Billion deal; marking major shift in luxury fashion industry

The acquisition, expected to close in the second half of 2025 pending regulatory approvals, will see Prada take full ownership of the storied Italian fashion house.

Prada will finance the acquisition through €1.5 billion in new debt—comprising a €1 billion term loan and a €500 million bridge facility, while maintaining financial agility.

OpenAI countersues Elon Musk, accusing the world’s richest person of harassment and sabotage

OpenAI has countersued Elon Musk, accusing him of trying to sabotage the company’s shift to a for-profit model through a campaign of legal and public harassment.

Meta raises concerns over DPDP Act clauses, citing curbs on minor profiling, data localization

Tech giants Google, Meta, YouTube, and Snap have earlier raised similar concerns over the Digital Personal Data Protection Act's restrictions on behavioural tracking.

Social media giant Meta has raised concerns about Digital Personal Data Protection (DPDP) Act, specifically regarding restrictions on the profiling and behavioral tracking of minors, potential data localization requirements, and the necessity of verifiable parental consent.

Federal Bank appoints Virat Diwanji as Head of Consumer Banking amid strategic push for Version 4.0

With Diwanji onboard and Version 4.0 in motion, industry watchers anticipate a dynamic phase of transformation at Federal Bank, particularly in customer-centric offerings and digital expansion.

The appointment of Diwanji, a seasoned banking professional, is seen as a pivotal step in strengthening Federal Bank’s consumer banking vertical as it gears up for rapid scale and innovation.

Myntra’s Chief Product and Technology Officer Raghu Krishnananda steps down

In recent months, Flipkart has seen a string of senior-level exits, while Myntra itself has undergone an organisational restructuring.

Krishnananda’s exit marks the second high-profile departure from the Flipkart Group in recent months.

Shalimar Paints appoints Kuldip Raina as MD & CEO for 3-year term

Raina’s illustrious career includes leadership positions at reputed companies such as Kansai Nerolac Paints, Jubilant Industries, Arvind Brands and ITC Limited.

Raina, who joined Shalimar Paints in May 2022, currently serves as Director – Sales, Marketing, and Strategic Sourcing.

Waking up to sleep economy, brands increase ad spends up to 100%

With sleep quality now widely recognised as a key pillar of health, companies are prioritising advanced sleep products, AI-driven innovations, and omnichannel engagement. (Image source: Unsplash)

As Ikea intensifies its focus on sleep quality in India, homegrown brands are expanding their portfolios with sophisticated, health-centric sleep solutions, including AI-powered products, exclusive retail outlets, and enhanced digital communication.

Maharashtra joins regulatory wave, eyes licensing system for online gaming

Maharashtra’s bold move also shines a light on a deeper structural issue: India’s fragmented regulatory ecosystem. Multiple states are now looking to regulate online gaming industry including Tamil Nadu and Karnataka.

Through this policy, Maharashtra government is aiming for two-pronged goal: protect consumers from fraud and deception, while simultaneously legitimizing a booming sector through legal and economic channels.