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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The United States has told Serbia it will not lift sanctions on the country’s largest oil company, NIS, unless Belgrade ensures a complete withdrawal of Russian ownership, Serbian Energy Minister Dubravka Djedovic Handanovic said on Saturday, calling the weeks ahead “some of the most difficult decisions in our history”.NIS — the Petroleum Industry of Serbia — has been under US sanctions since 2022, imposed as part of Washington’s crackdown on Russia’s energy sector following the invasion of Ukraine, AFP reported. The measures have dealt a severe blow to Serbia, leaving the country perilously close to a winter energy crisis, with its only refinery at risk of shutting down.Handanovic said Belgrade had asked the Trump administration to lift sanctions in exchange for a management restructuring, but US officials insisted on full Russian divestment. “For the first time, the US administration has clearly and unequivocally said it wants a complete change of Russian shareholders,” she told reporters.Washington has given Serbia until February 13 to negotiate a solution.NIS is 45% owned by Gazprom Neft, already sanctioned by Washington. Gazprom transferred its additional 11.3% stake to another Russian entity, Intelligence, in September. The Serbian state holds nearly 30%, with the remainder dispersed among minority shareholders.Despite several postponements, the US Treasury began enforcing sanctions on NIS on October 9, intensifying pressure on Belgrade.The Serbian government is now examining whether it may need to take control of NIS to keep the energy system from collapsing. A special cabinet meeting is scheduled for Sunday.Handanovic acknowledged internal resistance, saying “I know President (Aleksandar) Vucic is against nationalisation, as are many of us in the government,” she said. “We will not let our country be put in danger, but we may face some of the most difficult decisions in our history in the coming days.”She urged Moscow to recognise the seriousness of the moment. “I hope our Russian friends will understand the gravity of the situation and help us overcome it,” she said.Serbia, which relies heavily on Russian natural gas, remains one of the few European nations that has not imposed sanctions on Moscow since the Ukraine war began.

New Delhi: India’s Wholesale Price Index (WPI) or wholesale inflation has “bottomholesale inflation bottomed out, may still remain negated out” and will probably gain slight momentum from November onwards, even as it may still remain in negative territory for most of the remaining months of 2025-26, Union Bank of India said in a report.

The Bank’s 2025-26 WPI forecast is currently tracking below 0.35 per cent amid what are being stated as subdued global commodity prices and a seasonal decline in food prices (with the impact of floods on food inflation seen to be capped).

“Food WPI remains depressed – spatial flooding and supply-chain disruptions did not materialise as expected, keeping food prices contained,” the report read. With 2025-26 Consumer Price Index (CPI) or retail inflation projections of the Union Bank of India also running sharply below the RBI’s latest estimates, it expects a 25 basis points repo rate cut in the upcoming December monetary policy review meeting.

While real GDP growth momentum remains robust, the report asserts that nominal GDP growth is expected to come under pressure due to subdued 2025-26 CPI and WPI projections. India’s wholesale inflation turned negative in October, with the Wholesale Price Index (WPI) recording a decline of (-) 1.21 per cent in October 2025 compared to the same month last year, according to official data released by the Ministry of Commerce and Industry on Friday.

A decrease in the costs of food articles, crude petroleum, natural gas, electricity, mineral oils, and basic metals mainly drove the fall in prices. The Ministry stated that the month-on-month change in WPI for October stood at (-) 0.06 per cent compared to September 2025.

The government releases the index number of wholesale price in India every month on the 14th of every month (or next working day, if the 14th falls on a holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country.

Inflation has been a concern for many countries, including advanced economies. However, India has largely managed to steer its inflation trajectory in a favourable direction. The RBI held its benchmark repo rate steady at 6.5 per cent for the eleventh consecutive time, before cutting it for the first time in about five years in February 2025.