‘Reforms undertaken to strengthen data quality’

Statistics and programme implementation secretary Saurabh Garg has spent the last couple of years addressing data gaps and working on revamping critical macro-economic indicators – GDP, retail inflation and industrial sector activity. Ahead of new GDP series launch on Friday, he discusses the changes with TOI. Excerpts:New GDP series will be launched on Feb 27….

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126% jolt: US duty clouds India’s solar exports biz

CHENNAI: India’s solar exporters face a severe jolt after the US commerce department proposed countervailing duties of 125.9% on crystalline silicon photovoltaic cells from India, citing alleged subsidies. The preliminary finding covers shipments to the US, which absorbs more than 95% of India’s solar cell and module exports.The duty is likely to wipe out the…

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BillDesk to buy Worldline India payments arm

MUMBAI: Worldline will sell its India payments arm to BillDesk for 60 million euros in equity. The deal includes a long-term software pact where BillDesk keeps using Worldline tech. Worldline will continue to keep India as a talent/innovation hub and evolve its Global Capability Centers into AI-first innovation hubs for automation/GenAI/agentic-AI at scale for Western…

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Scindia: No relief beyond SC verdict on AGR dues

New Delhi: Barring Vodafone Idea (Vi), no other telecom company is going to get any relief on their adjusted gross revenue (AGR) dues as govt will not step outside the Supreme Court’s mandate, telecom minister Jyotiraditya Scindia said Wednesday. “We are operating under an SC verdict. As far as AGR is concerned, it is based…

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TCS: We’re not afraid of AI disrupting livelihoods

Mumbai: Calling GenAI a civilisational shift, TCS CEO K Krithivasan said the company is not afraid of the technology disrupting livelihoods and is prepared to cannibalise its own revenues if needed, leveraging AI to deliver client outcomes more effectively. “We are telling associates that if you find you can do something faster, better and cheaper…

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Over 4.5k startup employees lose jobs since July

MUMBAI: Indian startups have laid off more than 4,500 employees since July last year, data sourced from executive search firm Longhouse Consulting showed. The sudden ban on online real-money gaming which nudged many startups to shut overnight has pushed the numbers up but much of it also has to do with the selective flow of…

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Banks lift share in flow of resources to corp sector

MUMBAI: Scheduled commercial banks have regained market share in financing the commercial sector in FY26 up to Jan 31 by expanding non-food credit faster than the overall resource pool, reversing a contraction seen in FY25 amid a surge in equity issuances and non-bank funding.Data for FY26 up to Jan 31, 2026 released in RBI’s bulletin…

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