Tata Consultancy Services (TCS). File. | Photo Credit: Reuters IT major Tata Consultancy Services (TCS) stock fell 3.5% to ₹3,264.50 on Friday (July 11, 2025) following TCS missing quarterly net profit estimates and the bell weather company’s decision to defer hikes in salaries. Tata Consultancy Services (TCS)’s decision to defer hikes owing to an uncertain…
An Indian team has returned from Washington after holding talks with the U.S. on an interim trade pact, which is likely to be finalised before July 9, but discussions will continue as certain issues in the agri and auto sectors still need to be resolved, an official said. The Indian team is led by chief…
For consumers, it brings greater transparency and ensures that purchasing decisions are based on a clear understanding of a diamond’s origin and characteristics, said Bhansali. | Photo Credit: sorawat_c The Gemological Institute of America, the world leader in diamond grading, will not use its internationally recognised 4Cs (cut, colour, clarity, and carat weight) grading system…
The forex traders said global market sentiments were dented as U.S. President Donald Trump imposed 35% tariffs on Canadian goods. Representational file image. | Photo Credit: Reuters The rupee depreciated 7 paise to close at 85.77 (provisional) against the U.S. dollar on Friday (July 10, 2025), on weak domestic markets and risk-off sentiments amid trade…
Representational file image. | Photo Credit: Reuters India’s forex reserves were up by $4.84 billion to $702.78 billion for the week ended June 27, the Reserve Bank of India said on Friday (July 4, 2025). In the previous reporting week, the foreign exchange reserves had dropped by $1.01 billion to $697.93 billion. The forex reserves…
Central banks across the world bought 12 tonnes of gold net in April based on reported data. It was 12 per cent lower than the net purchases in March and below the 12-month average of 28 tonnes, the World Gold Council (WGC) said on Tuesday. The lower purchase may, in part, be a response to…
Stock markets mostly retreated as Trump ramped up his trade war. File | Photo Credit: Reuters Global stock markets mostly retreated on Friday (July 11, 2025) as U.S. President Donald Trump ramped up his trade war, threatening a higher blanket tariff and a 35% levy on Canada. Mr. Trump dampened earlier optimism by firing off more…
Union Minister of Commerce and Industry, Consumer Affairs and Food, and Public Distribution and Textiles, Piyush Goyal. File | Photo Credit: AP India does not enter into any trade agreement based on deadlines and will accept the proposed trade deal with the U.S. only when it is fully finalised, properly concluded and in the national…
As prices of gold reach a new high, Directorate of Revenue Intelligence (DRI) has noticed a new trend, usage of foreign nationals as carriers for smuggling gold in bulk into India. In its latest bulletin for the period October 2024 to March 2025, the agency said: “A new modus operandi has also emerged, involving foreign…
The story so far: India miner Vedanta Ltd.’s (VEDL) stock slumped nearly 8% on Wednesday (July 9, 2025) after Delaware-based Viceroy Research took a short on its UK-based parent Vedanta Resources (VRL)’s debt stack. In other words, wagering that the parent would default in repaying their debt. It held the holding company to be a…
