Business

MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100 … Read more

MUMBAI: The rupee rose 96 paise to 95.77 per dollar on Monday after fresh measures to curb dollar demand and speculative positions, even as banks sought relaxation of the new foreign exchange restrictions, more time for compliance and clarity on operational issues. The currency has weakened around 6.5% this year.The recovery may prove temporary unless … Read more

BENGALURU: IT firms had shrugged off concerns over their dependence on the US green-card route well before the US administration announced the suspension of PERM processing, with certified applications already declining sharply.Thirteen major IT services companies recorded 607 certified permanent labour certification (PERM) applications in the first nine months of FY26, compared with 1,670 in … Read more

CHENNAI: Lakshmi Venu and Mallika Srinivasan have said the economic settlement within the Venu Srinivasan (VS) family remains unresolved, disputing suggestions that a division of assets has been completed.In a joint statement issued amid recent media reports, Lakshmi Venu and Mallika Srinivasan, daughter and wife of Venu Srinivasan, respectively, said no agreement on the division … Read more

MUMBAI: Bank of India has declared Kishore Biyani’s Future Enterprises Ltd’s account, with outstanding dues of Rs 575.4 crore, as fraud and reported it to RBI on Monday. The bank has made provisions for the entire outstanding amount. Future Enterprises was admitted to the corporate insolvency resolution process by the Mumbai bench of NCLT in … Read more

The tribunal delivered its ruling on August 14, 2026. (Image for representative purpose only) You get Transferable Development Rights from the government by giving up a part of your land and sell them to a builder. Are you liable to pay capital gains tax?In one such case a landowner received Transferable Development Rights (TDRs) but … Read more

Foreign investors have sold Indian equities worth Rs 44,166 crore so far in October. With foreign investors pulling money out of Indian equities, economists at the country’s largest lender, State Bank of India (SBI), have proposed scrapping the long-term capital gains (LTCG) tax on equity investments to encourage investors to remain invested for longer periods.“The … Read more

The Delhi High Court observed that Clause 3.3 of the RBI circular gives banks the freedom to set interest rates. (Image for representative purpose only) Can banks change the rate of returns for fixed deposits on non-renewal? The Delhi High Court has ruled in favour of a fixed deposit holder after a bank cut the … Read more

The BSE Sensex closed at 71,924.68 on Monday, falling 547.65 points, or 0.76 per cent, from its previous close of 72,472.33. The index opened at 72,771.32 and touched an intraday high of 72,884.25 and a low of 71,676.10.The NSE Nifty 50 ended the session at 22,363.35, down 157.10 points, or 0.70 per cent, from its … Read more

In 1999, five landowners decided to develop their property into an IT park and SEZ zone. (Image for representative purpose only) What constitutes tax avoidance? In a recent ruling, five Bangalore landowners have secured relief from ITAT in an income tax dispute over alleged undisclosed rental income.They established that the building belonged to their partnership … Read more

India’s retail inflation may rise to 5.47% in September as food prices climb: UBI Retail inflation moved closer to the Reserve Bank of India’s upper tolerance limit of 6 per cent in September, rising to 5.54 per cent from 4.83 per cent in August as food prices recorded a sharper increase. Food inflation climbed to … Read more

The report further suggested that banks could set aside around 3% of the funds that CASA depositors forgo through lower interest earnings. With a Merchant Discount Rate (MDR) on merchant UPI transactions being announced above Rs 2,000, professors at IIT-Bombay have come out with a report proposing reducing the MDR to 0.08% from 0.40%.The report’s … Read more

Importantly, underlying investment demand for bullion remains strong, with inflows into gold-backed ETFs reaching a four-year high Gold price prediction today: Gold prices are recovering, but are continuing to see pressure due to global factors, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Here’s his analysis:Gold enters the week Rs … Read more

Top stocks to buy in October 12, 2026 week Stock market recommendations: ICICI Lombard General Insurance, and Nykaa are the top stocks that Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities has picked for buying for the October 12, 2026 week. Let’s take a look at his rationale and views on Nifty and … Read more

NEW DELHI: Sunil Bharti Mittal, Bharti Enterprises founder and chairman, has been named a Chevalier de l’Ordre national de la Légion d’Honneur (Knight of the National Order of the Legion of Honour) by French President Emmanuel Macron.Established in 1802 by Napoleon Bonaparte, the Légion d’Honneur is the highest civilian award bestowed by the French Republic. … Read more

ICF has said in the past that its 24-car Vande Bharat sleeper will be one of the longest sleeper trains being produced in India. After rolling out 16-coach Vande Bharat sleeper trains, Indian Railways is now eyeing a 24-coach train set that will cater to longer distance overnight journeys. The Integral Coach Factory (ICF) Chennai … Read more

The rupee has recovered sharply following the RBI’s announcement. RBI has record forex reserves, but why is rupee still not out of the woods?The rupee gained a stunning 1% at the start of trading on Monday after the Reserve Bank of India (RBI) eased pressure on the currency by shifting oil companies’ dollar purchases away … Read more

Russian diesel supplies ease market concerns. Oil prices fell on Monday as expectations of additional Russian diesel supplies and a possible halt to attacks on energy facilities in the Russia-Ukraine conflict eased some concerns over supply. However, continued tensions in the Middle East kept Brent crude above $100 a barrel.Brent crude futures fell $1.54, or … Read more

Top stocks to buy in the week starting October 12, 2026. Stock market recommendations: Bajaj Finance, Molbio Diagnostics – these are the top stocks to buy that Motilal Oswal Wealth Management Research Desk has picked for the week starting October 12, 2026. Below are the details: NAME CMP (Rs) TP (Rs) Upside (%) Bajaj Finance … Read more

BENGALURU: TCS CEO K Krithivasan said green cards have never been a key part of the company’s workforce strategy, as it has significantly reduced permanent residency applications for H-1B employees and stepped up local hiring in US. The company said the US suspension of green card processing would not fundamentally alter its talent management approach.“In … Read more

MUMBAI: Forex dealers expect a gap opening in the rupee-dollar exchange rate, with the domestic unit likely to record its sharpest gain in recent times. However, there is also a looming market freeze, with RBI’s aggressive anti-speculation measures risking paralysis of legitimate market-making, choking interbank liquidity and inadvertently penalising genuine corporate hedgers.Oil companies, normally the … Read more

NEW DELHI: Foreign investors have withdrawn Rs 44,166 crore from Indian equities so far in Oct, bringing the total outflows this year to more than Rs 3 lakh crore as elevated crude oil prices, a firmer US dollar and higher US bond yields weigh on investor sentiment. Also, the AI-led rally in North Asian markets … Read more

NEW DELHI: India’s smartphone market is expected to witness a 12% decline in sales (by volumes) this festive season, even as the overall market value is projected to grow 5%, reflecting a shift towards pricier devices and longer replacement cycles, according to Counterpoint Research.Rising memory costs have pushed up smartphone prices, prompting consumers to defer … Read more

BENGALURU: Infosys said the US Department of Labor’s suspension of new and pending applications under the Permanent Labor Certification (PERM) programme for certain companies, including the IT services major, is unlikely to have a material impact on its operations.In a statement to the stock exchanges, the company said it was aware of the decision and … Read more

Investors will track September CPI and WPI data, earnings from major IT firms and global cues amid persistent oil price and geopolitical risks. NEW DELHI: Indian stock markets are likely to remain volatile and consolidate this week as investors track September inflation data, quarterly earnings from major companies, crude oil prices and global economic cues. … Read more