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Wipro CEO Srinivas Pallia earned Rs 49.6 crore in FY26. His pay fell by nearly Rs 4 crore due to lower performance pay, but he still got "nearly seven times the remuneration of the chairman." Pallia, who joined Wipro in 1992, became CEO in April 2024.
TCS on Monday launched a new business unit, Global Value & Innovation Centres (GVIC). This unit will help companies build AI-native global capability centres. K. Krithivasan, CEO & MD, said TCS is bringing "deep experience across the GCC lifecycle with our strengths in AI." The initiative aims to drive innovation and value.
India's current account surplus fell to $7.1 billion in Q4 FY26 from $13.7 billion a year ago. The trade deficit widened, but services exports and remittances grew. Foreign portfolio investors pulled out $16.4 billion, while FDI improved. The RBI said, "net invisible receipts increased."
TCS signed a multimillion Euro deal with Canada Life for IT modernisation across Europe. The IT major said this will improve resilience and automation. Caroline Dibbs, Chief Information & Transformation Officer, Europe, Canada Life Group, said, "Working with TCS marks the next stage of our journey." TCS also launched its Global Value & Innovation Centres unit.
Kumar Shanker started as managing director of Indraprastha Gas on Monday. He brings over 30 years of oil and gas experience. IGL, India's largest city gas distributor, operates in 33 districts. Shanker has worked across many business verticals and locations. He played a role in the unified tariff mechanism.
121 Finance got ₹10 crore via GeM Sahay, helping many MSMEs. The NBFC-factor disbursed over 2,600 loans to 400+ small businesses across 173 cities. Dr Ravi Modani said, "focus remains on enabling seamless, transaction-based working capital financing." This shows how digital infrastructure can fund small loans.
DGCA started a probe after three Air India planes got damaged at Delhi Airport on Sunday. Strong winds moved ground equipment, hitting the aircraft. The DGCA said, "three Air India A320 aircraft parked at the Delhi Airport Terminal II were damaged." Many planes were affected by the storm.
Indian Railways got Rs 285 crore for electric traction upgrade on Mahbubnagar-Secunderabad-Medchal. This upgrade will use a more advanced 2×25 kV system. Railway officials expect this to provide a "more stable and efficient power supply for trains," helping improve operations on this busy route. Many benefits are expected for both passengers and freight.
India got a $7.1 billion current account surplus in Q4 FY26, RBI data showed. Services exports and remittances helped. "Foreign exchange reserves increased by USD 7.2 billion," said the RBI. Many Indians working abroad sent more money home. This surplus boosted the country's financial health.
India got a $7.1 billion current account surplus in March quarter FY26, helped by strong services exports and more money sent home. This offset a bigger goods trade gap. The full-year deficit was 0.6% of GDP. The RBI noted gains in "computer services and other business services exports."
BMW Group India will raise prices by up to 2% on BMW and MINI cars from July 1. The company said this is to "protect our premium standards against macroeconomic headwinds." This move affects both locally made cars and imported ones, as rising logistics costs and rupee depreciation put pressure on the business.
Viyona Fintech got NPCI Bharat BillPay certification as a BOU on Monday. This lets them bring more billers onto India's Bharat BillPay network. "Bill payments are where digital inclusion becomes real for everyday Indians," said Ravindranath Yarlagadda. Many billers will soon use this trusted network.
Air India grounded three A320 aircraft after severe weather at Delhi airport on June 7. Sources said ground equipment shifted, striking two planes. A third aircraft got damaged by flying debris. One plane may need three weeks for repairs. The DGCA is investigating the incident.