India’s consumption landscape is gearing up for a major shift over the coming decade, with the country’s retail market expected to reach $1 trillion by 2030. A new report by venture capital firm Fireside Ventures says this surge will be fuelled by rising disposable incomes, faster digital adoption and the growth of a large aspirational consumer class.Fireside argues that the change is not just in size but in the very structure of how Indians shop. The firm notes that retail channels are seeing their “most dramatic reconfiguration yet.” According to the report, general trade—which made up over 90 per cent of retail in 2014—is projected to drop to around 70 per cent by 2030, reported news agency ANI. At the same time, modern trade, e-commerce, quick commerce and direct-to-consumer (D2C) brands are expected to accelerate sharply. D2C and quick commerce alone may account for up to 5 per cent of the total market within the decade.With shoppers increasingly embracing digital-first formats, branded retail is forecast to double and reach nearly $730 billion, which would represent almost half of all retail spending. Fireside highlights that new-age, digital-native brands are currently scaling two to three times faster than conventional companies, helped by agile distribution, data-driven product development and more personalised customer engagement.The analysis outlines several emerging consumer segments. The firm notes, “Map your audiences, and you’ll see the opportunity take the shape of many substantial markets, whether India I, the 15 per cent population driving 35 per cent of retail and 60 per cent of branded purchases; or Bharat, the larger, fast-digitising 85 per cent, hungry for new brands and experiences,” as per ANI.By 2030, India is expected to have 1.1 billion internet users and over 400 million online shoppers. Fireside describes this as the “flattest consumption opportunity” India has ever witnessed.The firm concludes that India’s next hundred iconic consumer brands will be built by founders who blend cultural insight with digital fluency—creating niche, rooted and experimental labels that resonate with a confident, modern and increasingly regional Indian shopper.

Last Updated:November 16, 2025, 08:54 IST

The Labour Commissioner Office in Pune has summoned Tata Consultancy Services over NITES complaints of illegal termination and layoffs, with a hearing set for 18 November 2025.

TCS Layoffs 2025: The Labour Commissioner Office in Pune has issued summons to Tata Consultancy Services (TCS) in several cases filed by the Nascent Information Technology Employees Senate (NITES) ranging from ‘illegal termination of employment’ and ‘unlawful layoffs’. The hearing is scheduled for 18 November 2025.

What Led To The Summons?

NITES in the X post informed that it has received a large number of complaints from TCS employees across various locations regarding abrupt terminations, forced resignations, denial of statutory dues, and coercive employment practices.

“After reviewing the grievances and supporting documents, NITES assisted the affected employees in filing formal complaints before the competent authority,” NITES added in the post.

NITES Urges Affected Employees To Come Forward

The organization also pleaded employees who have faced similar issues to come forward and asset their rights. “If you have experienced wrongful termination, forced resignation, non-payment of dues, or any form of pressure or unfair treatment, you have legal protections available,” it added in the X post.

NITES said that it is committed to supporting IT and ITES employees who require guidance or assistance in filing complaints or understanding available legal remedies.

TCS Announces 2% Layoff

Earlier, TCS announced that it would layoff 2 per cent of its employees in this financial year 2025-26 globally, roughly 12,000 employees.

TCS headcount dropped 19,755 in the second quarter of FY26. With the latest reduction, TCS’ total headcount stands at 6,13,069, the company said in its earnings release on October 9. This comes after the company added 5,090 employees sequentially in the previous June quarter.

This marks the second straight year of workforce contraction for TCS, following its first-ever headcount decline in FY24 since listing in 2004. In contrast, the company added 22,600 employees in FY23 and a record 1.03 lakh employees in FY22, reflecting the scale of its earlier expansion.

Varun Yadav

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More

Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More

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Last Updated:November 16, 2025, 08:30 IST

On November 16, 2025, OMCs updated petrol and diesel prices across cities like New Delhi, Mumbai, Hyderabad, etc.

Petrol, Diesel Prices On November 16

Petrol and Diesel Prices on November 16, 2025: OMCs update petrol and diesel prices daily at 6 AM, aligning them with fluctuations in global crude oil prices and currency exchange rates. This daily revision promotes transparency and ensures consumers have access to the most up-to-date and accurate fuel prices.

Petrol Diesel Price Today In India

Check city-wise petrol and diesel prices on November 16:

City	Petrol (₹/L)	Diesel (₹/L)
New Delhi	94.72	87.62
Mumbai	104.21	92.15
Kolkata	103.94	90.76
Chennai	100.75	92.34
Ahmedabad	94.49	90.17
Bengaluru	102.92	89.02
Hyderabad	107.46	95.70
Jaipur	104.72	90.21
Lucknow	94.69	87.80
Pune	104.04	90.57
Chandigarh	94.30	82.45
Indore	106.48	91.88
Patna	105.58	93.80
Surat	95.00	89.00
Nashik	95.50	89.50

Key Factors Behind Petrol and Diesel Rates

Petrol and diesel prices in India have remained unchanged since May 2022, following tax reductions by the central and several state governments.

Oil Marketing Companies (OMCs) update fuel prices daily at 6 am, adjusting for fluctuations in global crude oil markets. While these rates are technically market-linked, they are also influenced by regulatory measures such as excise duties, base pricing frameworks, and informal price caps.

Key Factors Influencing Fuel Prices in India

• Crude Oil Prices: Global crude oil prices are a primary driver of fuel prices, as crude is the main input in petrol and diesel production.

• Exchange Rate: Since India relies heavily on crude oil imports, the value of the Indian rupee against the US dollar significantly affects fuel costs. A weaker rupee typically translates to higher prices.

• Taxes: Central and state-level taxes constitute a major portion of retail fuel prices. Tax rates vary across states, leading to regional price differences.

• Refining Costs: The cost of processing crude oil into usable fuel impacts retail prices. These costs can fluctuate depending on crude quality and refinery efficiency.

• Demand-Supply Dynamics: Market demand also influences fuel pricing. Higher demand can push prices up as supply adjusts to consumption trends.

How to Check Petrol and Diesel Prices via SMS

You can easily check the latest petrol and diesel prices in your city through SMS. For Indian Oil customers, text the city code followed by “RSP” to 9224992249. BPCL customers can send “RSP” to 9223112222, and HPCL customers can text “HP Price” to 9222201122 to receive the current fuel prices.

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First Published:

November 16, 2025, 08:30 IST

News business Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On November 16

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