Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and the winding down of the BSNL deal. Its revenue for the June quarter fell 3.1% year-on-year in constant currency and 3.3% sequentially, as geopolitical uncertainties … Read more
Investor confidence in India’s unlisted securities market has taken a hit after HDB Financial Services’ Initial Public Offering was priced significantly below grey market expectations. The impact has rippled across high-profile pre-IPO stocks like NSE, NSDL and Tata Capital, whose unlisted values have dropped between 5% and 18% in recent weeks, according to an ET … Read more
NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an agreement, without any deadline pressure. “We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a … Read more
India now ranks No. 1 in supplying billionaire immigrants to the US, according to Forbes’ 2025 list of America’s Richest Immigrants. With 12 India-born citizens on the list, the country has overtaken Israel as the leading source of billionaire migrants in the US this year.Forbes’ list of 125 foreign-born billionaires spans 43 countries, but Indian-origin … Read more
Are you planning to invest in fixed deposits, but wondering which bank offers the best interest rate? While many banks have recently lowered their FD rates following the Reserve Bank of India’s repo rate cut, several public, private, and small finance banks are still offering highly competitive returns, especially on special 444-day deposit schemes. Some … Read more
The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was … Read more
House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive … Read more
Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude … Read more
RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial … Read more
Oil minister Hardeep Singh Puri met top global energy leaders on the sidelines of the 9th Opec International Seminar in Vienna, holding bilateral discussions to bolster India’s energy security and expand partnerships across the hydrocarbons value chain, according to an official statement.During his meeting with Kuwaiti Oil Minister and KPC Chairman Tareq Sulaiman Al-Roumi, Puri … Read more