India’s business day was shaped by policy, technology and scrutiny. In a significant boost to the country’s chip ambitions, Tata Electronics signed a partnership with ASML to support its planned 300mm semiconductor fab in Dholera, a project central to India’s push for domestic manufacturing and advanced technology capacity. In Delhi, the government moved to cushion airlines and passengers from volatile fuel markets by slashing VAT on aviation turbine fuel from 25% to 7%, a step likely to ease operating costs as West Asia tensions keep energy prices on edge. At TCS, however, the contrast was sharper: CEO K Krithivasan’s pay rose 6% to ₹28.1 crore even as the company disclosed a steep reduction in headcount during FY26. Meanwhile, West Bengal ordered a sweeping re-verification of 1.69 crore caste certificates issued since 2011, underscoring how governance and compliance remain firmly in the economic conversation.