Company News

Hero Electric has announced a notable reduction in the price of its Vida VX2 electric scooter, lowering it by Rs. 15,000 to a new starting point of Rs. 44,990 (ex-showroom). This strategic move underscores the company’s focus on stimulating demand in India’s evolving electric mobility landscape. As cost remains a decisive factor for two-wheeler buyers, Hero’s decision to make its offering more affordable could accelerate adoption, attract first-time EV consumers, and further intensify competition in the mass-market electric scooter segment.

Amid cautious optimism following its first-quarter earnings, Tata Consultancy Services (TCS) has signaled that employee salary increments are on the horizon, though precise timelines remain under discussion. India’s largest IT services firm, known for its disciplined cost management, is balancing employee aspirations with the need to safeguard margins in a challenging global demand environment. TCS’s chief human resources officer has assured that appraisals are being processed, reinforcing the company’s commitment to talent retention.

Castrol India Ltd has appointed Mrinalini Srinivasan as its new Chief Financial Officer (CFO), effective July 28, 2025, marking a significant leadership transition at the lubricants giant. With over 17 years of multinational finance experience at Procter & Gamble across Asia, the Middle East, and Africa, Srinivasan will be responsible for overseeing the company’s financial operations and supporting long-term strategic growth. She succeeds Deepesh Baxi, who exited the role in March 2025.

Air India has compensated nearly two-thirds of the families affected by the tragic June 12 Dreamliner crash near Ahmedabad, which claimed 260 lives, including onboard passengers and those on the ground. Under Tata Sons’ ownership, the airline has provided interim payments of Rs. 25 lakh and committed Rs. 1 crore per deceased family, alongside ongoing support structures for long-term assistance. The carrier continues a strategic "Safety Pause," reducing flights by 15% to conduct rigorous aircraft inspections and enhance operational resilience.

Life Insurance Corporation of India (LIC) has introduced two innovative insurance products, Nav Jeevan Shree and Nav Jeevan Shree Single Premium, aimed at seamlessly integrating life cover with systematic savings. These offerings are tailored to meet evolving financial requirements across different life stages by enabling corpus accumulation through either regular premiums or lump sum investments. Amid a backdrop of fluctuating interest rates and economic volatility, LIC guarantees additions throughout the policy tenure, providing policyholders with a stable and secure investment vehicle.

In a striking departure from traditional views on work culture—especially those espoused by its co-founder N. R. Narayana Murthy—Infosys is actively promoting a healthier work-life balance for its employees. Through a new internal HR campaign, the IT giant is tracking working hours and discouraging excessive overtime, particularly in remote work setups. The move comes amid rising concerns over burnout in the tech sector and reflects a broader shift in corporate India’s evolving workplace ethos.