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«The other interesting thing which I found in the management commentary is that the AI portion, it has scaled up to 1.5 billion from about 800-900 million, that is quite interesting because that is the way forward,» says Sudip Bandyopadhyay, Group Chairman, Inditrade Capital. We are at least mesmerized by the move in IT. Did you anticipate such a strong reaction to a largely in-line set of numbers from TCS? Sudip Bandyopadhyay: Well, the reaction definitely is beyond expectation, but the numbers have been pretty good. It is, of course, the way expectations being built, but it is better than that.

Global banks are targeting shorter maturities in their purchases of India’s sovereign bonds, tapping improved liquidity amid limited supply, according to Bank of America Corp.’s head of India fixed income. Foreign banks bought nearly 600 billion rupees ($7.2 billion) in all maturities since the start of June even as state-run banks and mutual funds sold, according to Clearing Corp. of India data. CCIL doesn’t break down the data by maturity.

Aveek Mitra of Aveksat Financial Advisory, says they always try to predict what is going to happen for the next quarter, two quarters, or three quarters as per what the management guidance gives or their understanding. Aveksat does not want to invest anywhere they do not expect at least 25% growth in earnings, as otherwise, it is very difficult to generate alpha at a portfolio level.

₹2,399, breaks down to an approximate cost of ₹200 per month. Subscribers will enjoy 2GB of high-speed data per day, 100 free SMS daily, and unlimited voice calls across all networks nationwide.

Venice is wrapping up a pilot program charging day-trippers a 5-euro entrance fee

Asian stocks were mixed as the US dollar rose after the attempted assassination of Donald Trump reinforced bets that his chances of winning the presidential election have increased. A Bloomberg gauge of the greenback’s strength against major peers climbed 0.2% in Asia while S&P 500 contracts were little changed. US Treasury futures fell, indicating yields will rise when cash trading begins in London. Cash trading of US bonds is closed in Asia due to a holiday in Japan.

dollar firmed on Monday as investors wagered the attack on U.S. presidential candidate Donald Trump made his victory more likely, while injecting a whole new level of political uncertainty into markets. A holiday in Japan made for thin trading conditions and the early action was confined to a modest rise in the dollar while Treasury futures slipped.

price and indicator divergence or reversal, leading analysts to expect the Nifty’s gradual upward move to extend to 24,780, followed by 24,965 in the coming weeks. Analysts predict strong performance from stocks such as ITC, HUL, HCLTech, ONGC, Gail, Reliance, SBI, HDFC Life, Crompton Greaves, Vedanta, Indraprastha Gas, BPCL, Dalmia Bharat, Zee, Gujarat Industries Power, Entero Healthcare, and Naukri. PRITESH MEHTA, ANALYST, YES SECURITIES

Spain's Euro 2024 final winner against England on Sunday but La Roja's triumph was inspired from start to finish by explosive wingers Nico Williams and Lamine Yamal. The youngsters have been key on their side's run to the final in Berlin and combined to send Spain ahead against England, a moment that felt fitting given their supreme summer. Williams' well-taken strike gave Spain a deserved lead and the duo both came close to extending it before Cole Palmer's equaliser for England.

HCL Tech, DMart, Jio Financial, HDFC Life, Kotak Bank among others will be in focus due to news developments and first quarter results. HDFC Life, Jio Financial, HDFC AMC, Angel One, SpiceJet Shares of HDFC Life, Jio Financial, HDFC AMC, Angel One and SpiceJet will be in focus as the companies will announce their first quarter results today.

The Argentinian government says citizens can avoid paying certain types of tax on their crypto holdings if they file declarations.

According to the MSME Ministry's FY23 annual report, MSMEs play a crucial role by contributing approximately 30% to India's GDP. While the market is flourishing, MSMEs face business challenges such as financial planning, pricing strategy, legacy methods, and digitalization that affect their overall functioning. During these challenging times, they require expert guidance to address these issues, face them head-on, and move upwards and onwards. Seasoned business leaders can act as mentors and provide valuable insights into market trends, customer behavior, and competitive strategies.

visa regime for expats — including those from China — on a par with that for companies in the 14 sectors under production-linked incentive (PLI) schemes. They cited project execution difficulties due to delays in processing visas for foreign experts, people aware of the issue told ET. This has emerged as a bottleneck amid signs of a pickup in private capital formation. The manufacturers have flagged these issues to their administrative ministries.

hybrid vehicles in Uttar Pradesh may not be able to immediately take advantage of benefits under a promotional scheme that was announced July 5. The state transport authority has informed manufacturers in a July 9 letter that the benefits under the state scheme would apply to vehicles certified under the central government’s flagship Faster Adoption and Manufacturing of Electric Vehicles (FAME II) incentive programme. ET has seen the letter. Senior industry executives said the state is considering linking incentives on hybrid and electric vehicles (EVs) to guidelines outlined in FAME II. Some car makers had raised objections to the incentives for hybrids announced by Uttar Pradesh as they feel any state policies not aligned with those of the Centre will be ad hoc and create confusion. “The state transport authority is unlikely to give a blanket exemption and is considering specifying a price cap incentivising only certain categories of strong hybrids,” a person aware of the discussions told ET. “The eligibility criteria for these vehicles and the guidelines for implementation are likely to be linked to FAME II.”

Multiple witnesses say they saw Donald Trump’s suspected shooter climbing on the roof of a Pennsylvania building moments before shots were fired at the former president during a campaign rally Saturday.

professional services firms in India combined now have over 3,300 partners — equity plus non equity — with EY being the first firm to exceed 1,000 partner benchmark driven by continued strong growth in advisory businesses after the Covid-19 disruption. In the last three years, the advisory businesses — consulting, deals and risk — have grown much faster — 25% plus-than the traditional areas like audit and tax, which have grown between 15% and 22% for most firms, as the firms continue to pivot towards high-growth advisory services, including tech consulting and implementation. With EY being the last Big Four firm to close its financial year on June 30, the combined revenue of the Big Four firms — affiliates included — in the last financial year has crossed ₹39,000 crore, according to multiple senior partners ET spoke to across firms.

pharmaceutical industry has sought exemption from the government on fixation of ceiling prices for all low-priced formulations or those that are priced at up to ₹5 per unit. At a meeting last week, the Federation of Pharma Entrepreneurs (FoPE) lobby group also asked for the exemption of patented drugs from price control for 10 years instead of the existing five. According to FoPE, in the absence of a 10-year exemption, many companies are conducting research outside the country. «All formulations sold at ₹5 per unit i.e. per tablet, capsule, ml, gm may be exempted from provisions of ceiling price,» FOPE said in its presentation to the secretary, department of pharmaceuticals (DoP). «The industry has been asking for this exemption for a long time. It would be desirable to allow...small manufacturing units to be kept outside the Drug Price Control Order (DPCO) provisions,» said a person in the know. Earlier, the Indian Pharmaceutical Alliance (IPA), which represents the country's biggest drug manufacturing companies, along with other lobby groups had asked for exemptions from price ceiling regulations for low-priced formulations. The National Pharmaceutical Pricing Authority (NPPA) fixes the ceiling price of essential Schedule I drugs under the DPCO.

GTPL Hathway is planning to invest ₹100 crore in its headend in the sky (HITS) service, which is slated to go live in Q1 FY26 with a capacity to provide up to 900 TV channels, a senior company official told ET. The company, which received a HITS licence from the Ministry of Information and Broadcasting (MIB) on Friday, will undertake its future subscriber expansion through HITS, the official added, requesting anonymity. NXT Digital, owned by Hinduja Group, is the sole provider of integrated services that include both HITS and cable TV services. HITS is a satellite-based platform that combines features of cable TV and DTH.

luxury brands to take note. Industry insiders said Hyderabad is now snapping at the heels of Delhi and Mumbai and is a market to watch out for. «In 2012, we had only three entrants from Hyderabad on the Hurun Rich list. Fast forward to 2023, and that number has surged to 87,” said Anas Rahman Junaid, founder and chief researcher, Hurun India.

BJP's state executive meeting in Lucknow on Sunday, the party passed a resolution stating that it could not get win on the expected lines in the 2024 LS polls in Uttar Pradesh because of false propaganda spread by the opposition against it on issues like ending reservation and making changes in the Constitution. The BJP reiterated that the party is committed to ensuring reservation for the OBCs, SCs and STs. The party felt that its workers must unite with greater strength. The BJP held the first major meeting of the UP unit to discuss the reasons for its performance which was below its expectations in the 2024 Lok Sabha polls where the BJP bagged only 33 seats, down from 62 it had won in 2019.

Tata Group is in favour of continuity at the top management level of Air India (AI) after its merger with Vistara. All the top executives of Air India are likely to hold their positions after the merger, people aware of the matter said. While Campbell Wilson will remain its chief executive, Nipun Aggarwal and Sanjay Sharma are set to retain their roles as chief commercial and transformation officer and chief financial officer, respectively. Vistara CEO Vinod Kannan is likely to return to his parent company, Singapore Airlines (SIA), people aware of the development said. Kannan was on secondment to Vistara since 2019 when he joined the Tata Sons-SIA joint venture as its chief strategy officer. SIA had the right to name the CEO at Vistara, while the Tata Group appointed its finance chief.