TATA CONSULTANCY SERVICES LTD Q2 RESULTS
Verizon’s $22 million relief fund offers Americans $800+ checks — here’s how to claim yours
Verizon has started a big debt relief fund with ForgiveCo to help veterans in need. The program is giving out checks worth more than $800 on average. Verizon is also working with sports teams to spread the message. The company says this is a way to honor veterans and support their communities.
Audi India cuts car prices by up to ₹7.8 lakh following GST 2.0 reforms; check changes for each model here
Audi India has reduced prices across its models by Rs 2.6–7.8 lakh, passing on GST 2.0 benefits. The Q3 now starts at Rs 43.07 lakh, while the Q8 begins at Rs 1.1 crore. Prices of Q5, Q7, A4, and A6 are also lower. Audi said the move makes its cars more accessible before the festive season.
SpiceJet shares fall 5% after airline reports Rs 234 crore net loss in Q1FY26
SpiceJet Share Price: SpiceJet reported a net loss of Rupees 234 crore in the first quarter of fiscal year 2026. This is a reversal from last year's profit. Revenue also declined significantly. Geopolitical issues and aircraft delays impacted performance. Passenger revenue and load factor remained relatively stable. The airline's net worth improved due to financial restructuring.
IT Inc worries as US may slap tariffs on software exports
India's IT sector faces potential US tariffs on software exports, threatening its largest market and impacting firms already struggling with global uncertainty and AI-driven automation. The proposed tariffs could lead to double taxation and increased costs due to visa restrictions, potentially harming the growth of India-based service providers and GCCs, while raising delivery costs.
Beat screen fatigue fast: This 20-second trick every optometrist recommends
With screens being an important part in work, study, and leisure, many people suffer from digital eye strain, which can result in dryness, fatigue, blurred vision, and headaches. Reduced blinking and extended near-focus are major factors contributing to it, while exposure to blue light can further disrupt sleep patterns and intensify discomfort. Eye specialists suggest simple methods , like the 20-20-20 rule to protect eye health.
Is repeating the same breakfast every day healthy? Dietitians explain
Having the same breakfast every morning can simplify your routines, reduce decision challenges, and offer a consistent, balanced beginning to your day. Dietitians cite that a consistent meal having protein, fiber, and healthy fats aids sustained energy. But, repetition can result in boredom and restrict nutrient variety.
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Urban Company IPO risks explained: 12 warnings on operations, regulations and valuation
Urban Company's upcoming IPO, opening September 10, carries inherent risks for investors. The Red Herring Prospectus highlights concerns including sustained losses, intense competition, and high marketing costs. Dependency on gig workers, legal and regulatory challenges, and potential data security breaches also pose threats. Furthermore, reliance on limited service categories and geographic concentration could impact business.
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
SpiceJet faced a setback in the first quarter of fiscal year 2025. The budget carrier announced a consolidated net loss of Rupees 234 crore. This contrasts with a net profit of Rupees 158 crore in the same period last year. Revenue from operations also declined significantly. It fell by 36 percent year-on-year, reaching Rupees 1,060 crore.
Infosys picks up five business ideas from employees to incubate & offer to customers
Infosys has selected five employee-led business ideas from its in-house entrepreneurship programme to develop into client-ready solutions. These ideas, focused on mobility, SaaS, and AI-led services, will receive funding, mentorship, and tech support. Those selected for full implementation will shift into the incubator role full-time and receive up to $2,000 (Rs 1.7 lakh) in rewards, Infosys had said last year.
Varun Beverages Ltd forms JV with Everest International to make refrigerators
Varun Beverages has entered into a joint venture with Everest International Holdings, forming White Peak Refrigeration. VBL holds a 50% stake in the venture, which will focus on manufacturing visi-coolers and other refrigeration equipment. The company has invested ₹21.25 crore, acquiring 2,12,50,000 equity shares in White Peak Refrigeration Pvt Ltd.
Serviced residences surge as second home investments gain momentum in India
Serviced residences are becoming popular in Indian real estate. Demand is rising for second homes. Developers and investors are showing strong interest. Many are partnering with global hotel brands. This creates luxury living with hotel services. Goa shows high rental yields. Infrastructure upgrades are boosting property values. Remote work is also increasing demand.
Uncertainty hits IT, hiring demand falls 10% in August
Hiring at India's IT services companies has slowed since the start of the second quarter and the trend is likely to continue, according to staffing firms. In the current quarter that ends on September 30, there has so far been a 2-3% decline in demand for legacy tech jobs, but hiring has been strong for specialised roles involving artificial intelligence (AI), machine learning (ML), cloud, data and cybersecurity.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian markets closed higher on Wednesday, led by banking and metal stocks, with Nifty at 24,715 and Sensex at 80,567. Investors await GST Council updates that could impact consumption-led sectors, while technical indicators show cautious near-term market momentum and potential support-resistance levels.
NSE appoints former IFSCA chairman Injeti Srinivas as Public Interest Director
The National Stock Exchange (NSE) has appointed Injeti Srinivas, former chairman of the International Financial Services Centres Authority (IFSCA), as a Public Interest Director on its board.
TCS shares in focus after €550 million digital transformation deal with Tryg
TCS shares: TCS inks €550 mn, 7-year deal with Scandinavia’s Tryg to drive digital transformation across Denmark, Sweden and Norway.
Stocks in news: Vikran Engineering, Indus Towers, Waaree Energies, TCS, YES Bank
Domestic equities closed lower despite positive macro data, influenced by caution ahead of the GST Council meeting. Several companies are in focus, including Vikran Engineering and Anlon Healthcare, debuting on the exchanges. Indus Towers plans expansion in African markets, while Waaree Energies will acquire a 64% stake in Kotson.
TCS signs €550 million deal with Scandinavian non-life insurer Tryg
The deal will see TCS simplifying and standardising Tryg’s operations in its three major markets — Denmark, Sweden, and Norway — and driving technological transformation over seven years.
Tata Capital sets stage for USD 2 bn IPO after global roadshows; valuation seen at $18 billion
Tata Capital is gearing up for its highly anticipated USD 2 billion IPO, slated to debut by September 30, potentially becoming the largest IPO of 2025. Following successful investor roadshows across global financial hubs, the company's valuation is expected to reach USD 18 billion.
TCS finally rolls out annual salary increments; average hike at 4.5-7%
TCS has rolled out delayed salary hikes of 4.5–7% for junior to mid-level staff, effective from September 1, 2025, with top performers getting over 10%. It is understood to be the lowest hike in the last four years given the slowing business environment’s impact on the IT industry and TCS financials.
Change of Cart: Tata plans CEO change at BigBasket
BigBasket CEO Hari Menon has been charting a succession plan over the past few months, people in the know tell us. Going forward, he may take on a mentor role at the online grocer he cofounded, as his five-year tenure nears completion.
BigBasket founders plan to step back; CEO Hari Menon prepares succession amid Tata Group’s quick commerce push
BigBasket founders, including CEO Hari Menon, are preparing to transition into mentoring roles as Tata Group seeks a new leader to sharpen its competitive edge in the quick commerce market. With Menon's tenure nearing completion, the company is actively shortlisting candidates to drive growth and reassure investors amid increasing competition from Blinkit, Instamart and Zepto.
Trump posts week-old photo — internet explodes with fresh health conspiracy theories
President Donald Trump has ignited new debate recently regarding his health after posting a week-old golf photo with former football coach Jon Gruden on Truth Social. Critics suggest that the image could be misleading about his current condition, sparking speculation and online conspiracy theories.
BSE 500: 360 stocks sink in August, 65 crash in double-digits; KIOCL, Maruti & Godfrey Phillips shine up to 28%
BSE 500 slipped nearly 2% in August as Trump’s tariff moves and weak Q1 earnings spooked investors. FIIs pulled out nearly Rs 35,000 crore, dragging PSU, infrastructure, and energy stocks, while autos, consumer discretionary, and durables outperformed on GST reform optimism. PNB Housing Finance was the biggest loser as the counter slipped 24% in August while top returns of 28% was recorded by KIOCL.
Algorithm application research is where the software startups of the future are going to come from: IBM’s Crowder
Crowder told ET that the company is focusing on partnering with India in its National Quantum Mission and regional initiatives, not just for skill development but also to foster application research algorithm discovery.
‘Algorithm research to spawn new winners’: IBM’s Crowder
Crowder said IBM has been suggesting to regional governments that look beyond just hardware and supply chain and also focus on creating communities of people to do algorithm application research, because that's where the software startups of the future are going to come from.
Explained: Nvidia Q2 results beat estimates. So why did the stock fall?
Nvidia earnings report: Nvidia topped Q2 estimates with record $46.7 billion revenue and a 59% profit jump, but shares fell as softer data center sales and cautious guidance sparked doubts about the AI rally’s durability.
Rate cuts by RBI ease corporate debt burden, sectoral gains uneven: BoB Report
The Reserve Bank of India's interest rate cuts have lowered borrowing costs, boosting debt serviceability for companies, though benefits are uneven. A Bank of Baroda report indicates that while overall sales and profit growth have occurred, the crude oil and BFSI sectors significantly influence these trends.
India Inc earnings downgrade drought shows first signs of breaking: Will Q2 mark the bottom?
The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.
TCS inks mega 1.4 mn sq ft lease in Bengaluru’s Electronics City; deal valued at ₹2,130 crore
Tata Consultancy Services is expanding its Bengaluru presence. TCS has leased 1.4 million sq ft at 360 Business Park in Electronics City. The 15-year deal is valued at Rs 2,130 crore. This significant transaction highlights Bengaluru's strength as an IT hub. The lease will commence in two phases in 2026.
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