Wall Street inched up on Tuesday with the S&P 500 and Nasdaq hitting fresh record highs, but gains were capped as investors remained cautious ahead of the Federal Reserve’s interest rate decision and the outcome of high-stakes US-China trade talks.The S&P 500 rose 0.2% in early trading, building on a six-day record streak, while the…
TCS communicated to its employees through an internal email on Saturday regarding challenges from market and economic uncertainties. (AI image) TCS layoffs: Tata Consultancy Services (TCS) has decided to stop recruitment of senior staff and freeze yearly salary increments across its global operations. This decision follows the company’s recent announcement to reduce its over 6…
As President Donald Trump prepares to implement a sweeping set of new import tariffs starting August 1, a new analysis suggests these policies could significantly strain US manufacturers by raising their costs between 2% and 4.5%. The research, conducted by the Washington Center for Equitable Growth, warns that such increases may crimp already-thin profit margins,…
The National Stock Exchange (NSE) on Tuesday reported a 14% year-on-year rise in consolidated net profit to Rs 2,924 crore for the April–June quarter of FY26, even as its total income dipped 3% to Rs 4,798 crore compared with Rs 4,950 crore in the same period last year.In the year-ago quarter, the bourse had posted…
Global shares traded on mixed cues on Tuesday as investors focused on high-stakes trade negotiations between the US and China, while awaiting key economic data and central bank decisions later this week.France’s CAC 40 rose 1.1% to 7,887.57, Germany’s DAX advanced 1% to 24,191.38, and the UK’s FTSE 100 was up 0.3% in early trade….
Taiwanese manufacturer Wistron, which sold its Karnataka iPhone facility to Tata Electronics in 2023, is now planning an electronics production unit in Telangana with a proposed investment of Rs 1,000 crore, according to informed Economic Times sources.The company is currently looking for suitable land in Hyderabad to establish a facility dedicated to manufacturing servers, routers…
Tata Consultancy Services (TCS), India’s prominent IT firm, is facing a disconnect between its operational performance and market sentiment. The company’s stock has plunged 33 per cent from its peak, including a 25 per cent drop in 2025 alone, despite strong Q1FY26 results and continued dividend payouts.Recently, the tech giant’s announcement of large-scale layoffs, with…
Despite gold generating one of the highest returns in India, the central bank rarely disposes of its gold assets. (AI image) RBI gold reserves: After a relatively conservative spell of gold buying, the Reserve Bank of India (RBI) stacked up almost half a tonne of gold in the last week of June. In India’s foreign…
The Ministry of Information Technology is monitoring developments following TCS‘s announcement to reduce its workforce by over 12,000 staff, according to PTI sources. Officials, cited by the news agency, claimed the IT Ministry is closely following the situation and maintaining communication with the technology company. The ministry seeks to understand the root causes behind this…
Gold price prediction: Spot gold is expected to trade with a slight bearish tilt unless US-China trade tensions surface up once again. (AI image) Gold price prediction: Gold prices are trading within a range due to fall in demand for safe haven assets. As the Donald Trump administration finalises trade deals, global economic uncertainties are…
