Purbalee Dutta

Tata Consultancy Services (TCS) has posted solid deal wins in Q2, including a $640 million contract with Scandinavian insurer Tryg. Analysts observe early signs of recovery in discretionary IT spending in the BFSI and Technology sectors, while Manufacturing, Automotive, Retail, and Communications remain under pressure. Centrum analysts note that client caution continues, resulting in prolonged decision-making. Recent deal signings focus on cost-efficiency and vendor consolidation. The use of AI tools is anticipated to enhance revenue per employee and support overall productivity. As the largest order book holder among Indian IT firms, TCS’ commentary on demand outlook is expected to shape…

UK Prime Minister Sir Keir Starmer arrived at Mumbai’s Chhatrapati Shivaji Maharaj International Airport earlier today. He was welcomed by Maharashtra Chief Minister Devendra Fadnavis, Deputy Chief Ministers Eknath Shinde and Ajit Pawar, and Governor Acharya Devvrat. On a two-day official visit to India at the invitation of Prime Minister Narendra Modi, this marks Starmer’s first visit to the country as UK Prime Minister. Over the next two days, he will hold discussions with PM Modi and take part in multiple business-focused meetings. According to the Ministry of External Affairs, the visit builds on the progress made during PM Modi’s…

LG Electronics’ initial public offering (IPO) opens in the Indian primary market today and will remain available for subscription until October 9, 2025. This marks the second South Korean company, after Hyundai India, to launch an IPO in India. The IPO price band is set between ₹1,080 and ₹1,140 per equity share. The company plans to raise ₹11,607.01 crore through a complete offer for sale (OFS), and the shares will be listed on both BSE and NSE. LG Electronics IPO GMP Today:In the grey market, LG Electronics shares are trading at a ₹318 premium today, up ₹68 from Monday's ₹250.…

Hospital stocks surged up to 6% on October 6 after the Central Government Health Scheme (CGHS) announced a revision in rates for nearly 2,000 medical procedures, effective October 13, 2025. Fortis Healthcare, Apollo Hospitals, and Max Healthcare gained 7%, 2.3%, and 4.3%, respectively, with Max Healthcare emerging as the top Nifty 50 gainer. The Nifty Healthcare index rose 0.6%, while Narayana Hrudalaya and Yatharth Hospitals climbed 5% and 4%. Macquarie expects procedure rates in key areas like cardiology, oncology, neurology, and orthopedics to increase by 5–30%, potentially boosting EBITDA for Max and Apollo by mid-single digits. CGHS, which serves over…

Elon Musk has sparked backlash by responding with a “🤔” emoji to a controversial post that misrepresented British colonisation of India. The post falsely claimed there was “no such thing as colonisation,” arguing that just as Indians in England become English, the British in India became Indian—implying the British didn’t actually rule India. Musk’s emoji reply was widely criticised for appearing to support a distortion of historical facts, equating colonisation with cultural exchange or migration, while ignoring the oppression and exploitation India endured under British rule. Social media users quickly responded, pointing out the clear distinction between colonisation and immigration.…