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…
MUMBAI: Canara Bank on Thursday informed the Bombay HC that it has withdrawn an order that classified Anil Ambani‘s loan account connected to Reliance Communications, which is undergoing insolvency proceedings, as ‘fraudulent’. The HC bench then disposed of a petition filed by Ambani challenging the bank’s Nov 8 order. The bank had classified the loan…
President Trump wants America to produce more of the much-needed mineral, but a 50 percent tariff could undermine his aim of a manufacturing renaissance. Source link
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…
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…
The president signaled he would seek to use the threat of steep levies to reorient trade and protect his political allies. Source link
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…
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…
Four people total were arrested in connection with an April cyberattack that disrupted operations at Marks & Spencer, Harrods and Co-op. Source link
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…
