Mexico tariff on India is set to hit $1-billion car exports, VW seen most exposed| Business News

Mexico’s decision to raise tariffs on India is set to impact $1 billion car exports from the world’s third largest car market, including those by Volkswagen Group AG and Hyundai Motor Co., despite the industry lobbying against such a move. Škoda Auto Volkswagen India Pvt. Ltd., a wholly owned subsidiary of Germany’s Volkswagen Group, accounts […]

TCS refutes UK media report on losing $1-billion Marks & Spencer’s contract| Business News

Tata Consultancy Services Ltd. has denied a report published in The Telegraph UK that Marks & Spencer’s Plc has scrapped its contract with India’s largest outsourcer. TCS has a $1-billion contract with Marks & Spencer’s. (Reuters) “The report published…is misleading, with factual inaccuracies including the size of contract and the continuity of of TCS’ work […]

Lenskart IPO priced for $8-billion valuation as Peyush Bansal nears $1-billion net worth| Business News

Lenskart Solutions Pvt. Ltd. is seeking a valuation of up to $8 billion in an IPO that will potentially make its co-founder Peyush Bansal a billionaire. As of March, Lenskart operated 2,723 stores—across India and in markets such as the Middle East and Southeast Asia. (Company Website) India’s largest organised eyewear retailer will issue shares […]