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India.com
19 minutes ago
- India.com
Vietnam's VinFast Enters India with First EV Showroom In Gujarat, Plans 35 Outlets By Year-End
New Delhi: Vietnamese electric vehicle maker VinFast on Sunday opened its first showroom in India at Gujarat's Surat as the company looks to tap the growing market for electric cars in the country. The showroom will showcase the company's electric SUV variants VF 6 and VF 7, which will be launched as right-hand drive variants for the first time. "The vehicles will be locally assembled at VinFast's upcoming factory at Thoothukudi in Tamil Nadu, reinforcing the company's long-term commitment to India as a strategic market and future hub for electric vehicle production," a VinFast statement said. VinFast plans to open 35 dealerships across over 27 cities in the country by the year-end. Vehicles will be assembled at its upcoming manufacturing facility in Thoothukudi, Tamil Nadu. Vietnamese EV giant VinFast opens First Indian Showroom in Surat,Gujrat. Aims 35 Showrooms across India By 2025 end. — Indian Infra Report (@Indianinfoguide) July 27, 2025 Located in Surat's Piplod area, the showroom will showcase the brand's upcoming premium electric SUVs – the VF 6 and VF 7 – for which pre-bookings opened on July 15. Customers can reserve their vehicle at showroom their vehicle at showrooms or online through with a fully refundable deposit of Rs 21,000, the statement said. VinFast Asia CEO Pham Sanh Chau said: "The first VinFast Showroom in Surat is a symbol of our deep commitment to India. We are excited to bring the VinFast experience closer to Indian consumers. With this dealership in Gujarat, we aim to offer not just electric vehicles, but a complete ownership journey built on quality trust and service excellence.' The Vietnamese EV maker has formed partnerships with RoadGrid, myTVS, and Global Assure to provide charging and after-sales services across India. The company has also joined hands with BatX Energies to promote battery recycling and establish a circular battery value chain, reinforcing its commitment to sustainable innovation. Earlier this month, the Elon Musk-run Tesla launched its Model Y in India, at prices starting at Rs 59.89 lakh, with its first showroom in Mumbai. Tesla will be importing the Model Y as a completely built unit (CBU) from its manufacturing facility in Shanghai in China.
Time of India
an hour ago
- Time of India
TCS CEO K. Krithivasan's net worth: Amid 12,000 job cuts, top IT executive earns Rs 265200000 remuneration annually
In another major move within the IT sector, India's largest services provider company, Tata Consultancy Services (TCS), is aiming to reduce its workforce by 2 per cent or approximately 12,000 employees, in its 2026 financial year, as per reports that came in on Sunday, July 27, 2025. Amid the TCS layoffs, let's explore the net worth of CEO K. Krithivasan and understand his financial standing. According to Mint, the company is retraining and redeploying staff in a bid to become more agile and more firm to be ready for the future amid the fears of disruptions in technology, especially due to the emergence of Artificial Intelligence (AI). Moreover, the company's target is primarily focused on the middle and senior management, as per Reuters. However, this decision will also impact the employees from across the world and the domains where TCS operates. TCS to lay off 12,000 employees.— Tata Consultancy Services will lay off 2% of its workforce over the next year, Moneycontrol reported.— The move will impact around 12,000 of the company's employees, primarily at middle and senior levels, TCS CEO K Krithivasan told… Who is K. Krithivasan? K. Krithivasan was appointed as the CEO of Tata Consultancy Services (TCS) after MD and CEO Rajesh Gopinathan stepped down from his role in 2023. Krithivasan is currently the president and global head of the banking, financial services, and insurance business unit at TCS. According to an excerpt shared on the company's website, "He is responsible for planning and executing growth strategies, improving financial performance, and enhancing customer mindshare and market positioning. He has helped key clients with digital transformation, change management cycle acceleration, achieving value beyond cost optimisation, and establishing IT program governance." K. Krithivasan's net worth and more The recently revealed annual report of IT services TCS provided a valuable insight into the C-suite executive salaries in India. According to The Week, the annual report revealed that K. Krithivasan takes home a staggering Rs 26.52 crore in FY2025, which is ₹2.21 crore a month! The report further mentioned, in the fiscal year 2025, the CEO's salary increased by 4.6 per cent, and this stands in stark contrast to the median salary at TCS, as Krithivasan earned nearly 330 times more than others, which highlighted the significant salary gap within the IT services industry. His total compensation of Rs 26.52 crore consisted of a Rs 1.39 crore salary, Rs 2.13 crore in benefits (including perks and allowances), and a commission of Rs 23 crore, as detailed in the annual report. FAQs Q. Why is TCS cutting 2% of its employees in the fiscal year 2026? Given the possible disruptions from cutting-edge technologies like artificial intelligence, TCS wants to become more adaptable and ready for any obstacles that may arise in the future. Q. How much does K. Krithivasan get paid in comparison to other CEOs in the IT industry in India? According to Financial Express, K. Krithivasan's total compensation of ₹26.52 crore for the fiscal year 2024–25 was much less than that of his colleagues. The CEOs of HCLTech, Infosys, and Wipro, for example, received ₹84.16 crore, ₹80.6 crore, and almost ₹53 crore, respectively. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
United News of India
2 hours ago
- United News of India
Samsung in talks with OpenAI and Perplexity AI for powering its upcoming Galaxy S26 series
Business Economy New Delhi, July 26 (UNI) Samsung Electronics is currently involved in strategic talks with OpenAI and Perplexity AI to integrate advanced services in its upcoming Galaxy S26 series. This move is intended to expand the service horizon beyond 'Google Gemini' and provide a great experience to mobile users. Reportedly, now Samsung could replace Gemini as the default AI assistant on the model lineups of the Galaxy S26 series. Analysts also take this move as the intention to compete with rival Motorola, which has recently announced a bunch of features to the 'Moto AI suite' after partnering with Microsoft, Perplexity, and Google. Choi Won-Joon (President, Mobile eXperience (MX) Development Division) stressed the company's commitment to the customers by giving them a great user interface with multiple options under its upcoming flagship smartphones. Choi pointed towards collaboration and termed it as 'open to any agent out there.' 'We are in talks with multiple vendors. As long as these AI agents are competitive and offer better user experiences, we are open to any out there.' Choi added. UNI SAS RN More News Samsung in talks with OpenAI and Perplexity AI for powering its upcoming Galaxy S26 series 26 Jul 2025 | 10:56 PM New Delhi, July 26 (UNI) Samsung Electronics is currently involved in strategic talks with OpenAI and Perplexity AI to integrate advanced services in its upcoming Galaxy S26 series. This move is intended to expand the service horizon beyond 'Google Gemini' and provide a great experience to mobile users. see more.. Big win for UP's urban poor: PMAY gets Rs 12,031 Cr boost 26 Jul 2025 | 9:42 PM Lucknow, July 26 (UNI) In a major push towards 'Housing for All', the double engine government has secured financial approval of Rs 12,031 crore under PMAY (Urban) Mission 2.0, officials here on Saturday said. see more.. Odisha logs rise in maritime trade, logistics capabilities 26 Jul 2025 | 9:11 PM Bhubaneswar, July 26 (UNI) Odisha's maritime trade and logistics capabilities have strengthened substantially, both domestically and globally, officials claimed on Saturday. see more.. India challenges Chinese hegemony in smartphone market 26 Jul 2025 | 7:31 PM New Delhi, July 26 (UNI) The data reported by the US International Trade Commission (USITC) shows that US imports of smartphones from India surged massively in the first five months of the current year. On the other hand, the Chinese proportion in US smartphone imports fell from 82 percent to 49 percent between the same months. see more..
