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TCS headcount falls by 5,370 in Q3 FY25

Tata Consultancy Services’ attrition rate for the last twelve months stands at 13% for the quarter under review. The IT giant’s headcount shrank by 5,370 in Q3 FY25 standing at 607,354. The company’s attrition rate was 12.3% in the previous quarter of the same financial year with a total workforce of 612,724. “We continue to

Why is the stock market down today? 3 reasons why Nifty closed at 23500

Indian equity markets fell on Thursday, January 09. The BSE Sensex dropped as much as 0.77% to 77,542.92 level while the NSE compiled Nifty 50 slipped 0.78% to an intra-day low level of 23,503, testing one of the important support levels. The Nifty 50 closed the session 0.69% lower at 23,526.50. The Sensex dropped 0.68%

Futuristic contours of clearing corporations in India: The horizontal central counterparty (CCP) model

By Indra Chourasia and Natarajan R The Securities and Exchange Board of India (SEBI) has been considering a reframing of ownership and economic structure of clearing corporations (CCs) in the equities markets to diversify their ownership. Currently, these CCs operate as 100% owned subsidiaries of their parent exchanges.  Given the vital risk management role played

Share market slumps as HDFC Bank leads decline; Q3 earnings concerns weigh on investor confidence

Indian shares dropped on Thursday, with heavyweight HDFC Bank leading the decline, as anxiety over a likely moderation in third-quarter corporate earnings sapped investor confidence. The Nifty 50 fell 0.69% to 23,526.5, while the BSE Sensex shed 0.68% to 77,620.21. The broader, more domestically-focussed smallcaps and midcaps dropped 1.4% and 0.9%, respectively. Blue-chip indexes have

TCS dividend announced: Interim dividend of Rs 10, special dividend of Rs 66

IT major Tata Consultancy Services (TCS) on Thursday announced an interim dividend of Rs 10 and a special dividend of Rs 66 per equity share of Rs 1 each of the company.  In a regulatory filing, TCS said, “We would like to inform you that at the Board Meeting held today, the Directors have declared

Crude prices rise in domestic market; Check petrol, diesel rates today on January 9 in Bengaluru, Mumbai, Hyderabad and Guwahati

Crude oil remained stable. Brent Crude futures showed a down move of 6 cents and touched $76.1 per barrel. Similarly, US West Texas Intermediate crude futures were down by 5 cents and reached $73.27.  There were strong expectations of increased demand for winter fuel, particularly due to colder weather in the Northern Hemisphere, that usually

Barflex Polyfilms IPO opens tomorrow: GMP, Price Band, and key details to know before subscribing to the SME issue

Barflex Polyfilms, a player in the flexible packaging industry, is set to open its IPO on January 10. As investors eagerly await this IPO, let’s take a closer look at the key details of the offer and what it means for potential investors. Here’s everything you need to know about the upcoming IPO: Barflex Polyfilms

Why are NTPC Green Energy shares falling? Here’s why

The NTPC Green Energy shares have fallen almost t 4% to an intraday low of Rs 120.50. This is in sync with the trend seen across the power stocks in the market today.  Power stocks are under pressure and stocks that saw a big dent include Reliance Power (5%), Reliance Infra (4.8%), PTC India (3.7%)

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Big relief! No more charges for updating nominee details in PPF accounts

Now, you won’t be charged for updating or modifying details of the nominee in your Public Provident Fund (PPF) account as “necessary changes” are being made to the Government Savings Promotion General Rules 2018. “In the Government Savings Promotion General Rules, 2018, in Schedule II, under ‘Fee to be charged for services,’ the words and

Trump tariffs drive investors to Gold! Here are 3 Gold ETFs to invest in right now

US President Donald Trump’s sweeping reciprocal tariffs have created a stir in the global markets, impacting almost all asset classes. Equities slumped, bonds surged, and gold hit new highs. Investors’ concerns grew, and their direct impact is visible on the prices of gold. Investors scramble towards safe-haven assets like gold in times of uncertainty, and

Can Trump tariff boost India’s textile industry? A look at 3 crucial factors

US President Donald Trump has announced a flat 26 per cent tariff on Indian goods with some exemptions and according to analysts, this comes as a double-edged sword for India’s textile sector. While the increased tariff is likely to impact exports with the US being a major market for Indian textiles, it also gives India’s

Infosys files fresh case against Cognizant; accuses IT firm of abusing ‘power of monopoly’

Infosys has filed fresh charges in a US district court against US-based Cognizant Technology Solutions, a report by The Times of India said. The company has accused Cognizant for leveraging its power of monopoly to restrain the competition and maintain its dominance in the healthcare software market via its platform Cognizant TriZetto Software Group. Infosys

Impact of Trump tariff likely to be limited says Motilal Oswal

The domestic brokerage house Motilal Oswal believes that the US tariff impact will remain minimal on India. India’s exports in the six most vulnerable sectors amount to only 1.1% of India’s GDP. “Overall, we believe that the impact of reciprocal tariffs (assuming full product-level reciprocity) on India will be limited on a national basis,” said