GST collections rise 7.5% to Rs 1.96 lakh crore in July

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Although collections remained above Rs 1.8 lakh crore for a seventh consecutive month, they were lower than the Rs 2.1 lakh crore average achieved in the first quarter of FY26 GST collections for July GST collections rose to Rs 1.96 lakh crore in July, recording a faster 7.5 percent increase from the year-ago period, according…

TCS layoffs: IT ministry monitoring situation closely, say sources as firm lays off 12,261 employees

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India’s largest IT services firm, TCS, plans to lay off 12,261 employees—around 2% of its global workforce—this year. TCS will reduce workforce by 2% or 12,261 employees primarily in middle and senior grades Layoffs are skill and capability based, not driven by AI productivity gains IT Ministry is monitoring and emphasising employment growth and skilling…