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TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend
10 Jul

TCS Q1 earnings: Net profit upgrade 6%, revenue up 1.3%; company announces ₹11 per share dividend

editorBusiness, News
The country's largest information technology company, Tata Consultancy Services (TCS), on Thursday, July 10, reported a net profit of ₹12,760 crore in the first quarter of the current financial year, up 6% from ₹12,040 crore in the same period last year. On a sequential basis, TCS' net profit rose 4.38% from ₹12,224 crore. The profit figures were better than HSBC estimates as analysts at HSBC expected the country's third-largest company by market capitalisation to report a net profit of ₹11,925 crore. Its operating revenue rose 1.3% to ₹63,437 crore as against ₹62,613 crore in the same period a year ago.…
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Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters
09 Jul

Union Bank of India shares downturn 6% as lender sees weakest loan growth in four quarters

editorBusiness, News
Shares of Union Bank of India fell nearly 6% to a low of ₹141.54 per share after the state-run bank shared its business updates for the April-June quarter of FY2025-26. The bank has witnessed the lowest loan growth in four quarters. The total global business of this public sector bank stood at ₹22.14 lakh crore, up 5.01% to ₹22.14 lakh crore from ₹22.08 lakh crore in Q1 FY2024. Sequentially, it has witnessed a decline of 1.80%. On the deposit front, the total global deposits of Union Bank grew 3.63% year-on-year to ₹12.39 lakh crore in Q1 FY2026. However, it declined…
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Negligence won’t be tolerated: Nagaon DC warns govt employees after surprise visits
09 Jul

Negligence won’t be tolerated: Nagaon DC warns govt employees after surprise visits

editorAssam
On Tuesday morning, Nagaon District Commissioner Debashish Sarma made unexpected trips to a number of Nagaon district offices. Sarma examined the offices of the District Inspector of Schools, the Deputy Inspector of Schools of the District Primary Education Department, and the Superintendent Engineer of the Public Works Department during the visits. He also confiscated the attendance records of the officials and other staff members working in those offices. Sarma was disappointed by how few officials and staff were present in these offices. He underlined that it is intolerable for public servants and authorities to neglect their responsibilities, particularly when the…
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Copper futures prices upgrade on increased spot demand
08 Jul

Copper futures prices upgrade on increased spot demand

editorBusiness, News
New Delhi, Copper futures prices rose 0.42 percent to Rs 893 per kg on Tuesday due to increased spot demand. The price of copper contracts for July delivery on the Multi Commodity Exchange rose by Rs 3.70 or 0.42 percent to Rs 893 per kg in a business turnover of 7,957 lots. Analysts attributed the rise in copper prices to higher bets by participants.
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Total deposits increase 14.6% to ₹5.13 lakh crore in June quarter
08 Jul

Total deposits increase 14.6% to ₹5.13 lakh crore in June quarter

editorBusiness, National
Following a stable performance in the June quarter business update, which showed consistent pace in both lending and deposit growth even as gains in low-cost deposits moderated, Kotak Mahindra Bank's shares increased by as much as 4% to Rs 2,238 on July 8. As of June 30, 2025, the private lender's loan book had grown to Rs 4.45 lakh crore, a 14% increase from Rs 3.90 lakh crore the previous year. Advances increased 4.2% sequentially from Rs 4.27 lakh crore at the end of March. Additionally, deposits kept growing at a steady rate. End-of-period deposits increased by 2.8 percent above…
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Coriander futures prices upgrade due to high demand
07 Jul

Coriander futures prices upgrade due to high demand

editorBusiness, News
New Delhi, coriander prices rose by Rs 18 to Rs 7,254 per quintal in futures trading on Monday as speculators increased their deal size due to strong trend in the spot market. Coriander contract for August delivery on NCDEX rose by Rs 18 or 0.25 per cent to Rs 7,254 per quintal in which 9,310 lots were traded. Market analysts said coriander prices rose due to strong trend in the spot market and limited supply from producing areas.
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Acquisition to boost Capgemini’s U.S. market presence and AI consulting services
07 Jul

Acquisition to boost Capgemini’s U.S. market presence and AI consulting services

editorBusiness, National
The French IT services group Capgemini (CAPP.PA) announced on Monday that it has agreed to pay $3.3 billion in cash to acquire the technology outsourcing company WNS (WNS.N) in order to increase the variety of AI solutions it provides to businesses. Through the agreement, Capgemini will be able to develop a consulting business service that will assist businesses employ artificial intelligence—specifically, generative and agentic AI—to improve their operations and cost efficiency. The company anticipates that this service will draw large investments. According to Capgemini, the purchase price, which translates to $76.50 per WNS share, is 17% higher than their most…
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Crude oil futures downgrade amid weak demand
05 Jul

Crude oil futures downgrade amid weak demand

editorBusiness, News
New Delhi, Crude oil futures on Friday fell by Rs 20 to Rs 5,704 per barrel as participants offloaded their positions due to weak demand in the spot market. Crude oil contracts for July delivery on the Multi Commodity Exchange fell by Rs 20, or 0.35 percent, to Rs 5,704 per barrel in a business turnover of 11,943 lots. Analysts said prices were impacted as participants offloaded their positions amid weak demand in the spot market. Globally, West Texas Intermediate crude was trading 0.36 percent lower at $66.76 per barrel, while Brent crude was down 0.47 percent at $68.48 per…
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Rupee upgrade 31 paise to 85.31 against US dollar
04 Jul

Rupee upgrade 31 paise to 85.31 against US dollar

editorBusiness, News
New Delhi, The rupee on Thursday recovered from early losses to close 31 paise higher at 85.31 (provisional) following a weakening of the dollar against major currencies overseas and a fall in US Treasury yields. Forex traders said the dollar declined due to weaker-than-expected ADP non-farm employment data from the US. They said a fall in global crude oil prices also supported the local currency. The domestic currency opened at 85.69 against the US currency at the interbank foreign exchange market and touched an intra-day high of 85.19 and a low of 85.70 during the session. The local currency finally…
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Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands
03 Jul

Nykaa block deal: Shares downturn 4% as 2.3% equity changes hands

editorBusiness, News
Nykaa block deal: Shares of FSN E-Commerce Ventures Ltd, commonly known as Nykaa, traded 4% lower at ₹203.10 per share on the NSE in morning trade on Thursday, July 3, after a block deal was witnessed in the company. According to a TV report, six crore shares representing 2.3% equity changed hands through the block deal during the block deal window in the morning session. Earlier, reports said that Harinderpal Singh Banga and Indra Banga are likely to sell 2.1% equity of Nykaa through the block deal. The Banga family is one of the early backers of Nykaa. The family…
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