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Tata Consultancy Services to roll-out wage hikes for about 80 pc of employees, effective Sept 1

New Delhi, Aug 7 (PTI) India’s largest IT services company Tata Consultancy Services (TCS) on Wednesday (August 6, 2025) informed employees that it will roll-out wage hikes for about 80% of workforce, covering mid to junior levels. The wage hikes come at a time when TCS is set to lay off about 12,000 employees this year. The wage hikes will be effective from September 1, TCS CHRO Milind Lakkad and CHRO Designate K Sudeep said in an email to employees on Wednesday (August 6, 2025). “We are pleased to announce a compensation revision for all eligible associates in grades upto

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Aug 7 (Reuters) – Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions. Spot gold was up 0.4% at $3,380.76 per ounce as of 0247 GMT. U.S. gold futures gained 0.3% to $3,443.30. “Trump has been dishing up fresh tariff threats which is keeping gold in the frame as a defensive play for investors,” Tim Waterer, chief market analyst at KCM Trade said. “Gold is moving towards the doorstep of the psychological $3400, with risk-assets being kept off-balance somewhat by the constant tariff proclamations

Notification for vice president’s election issued; nomination process begins

New Delhi, Aug 7 (PTI) The Election Commission issued a notification on Thursday for the September 9 election to the vice president’s post, kickstarting the nomination process. According to the notification, August 21 is the last date for filing nominations, while the documents will be scrutinised on August 22. August 25 is the last date to withdraw from the electoral battle. The post fell vacant on July 21 following the surprise resignation of Jagdeep Dhankhar citing health reasons. Dhankhar’s tenure was to end in August 2027. According to constitutional provisions, in case of a mid-term poll, the incumbent gets a

Trump plans 100% tariff on computer chips, unless companies build in US

WASHINGTON, August 7, 2025 (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple CEO Tim Cook. “But if you’re building in the United States of America, there’s no charge.” The announcement came more than three months after Trump temporarily exempted most electronics from his administration’s most onerous

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