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Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout

Just a day after helping power a sharp rebound in technology stocks, Tata Consultancy Services (TCS) turned into one of Dalal Street’s biggest losers on Wednesday, with the stock plunging more than 8% in its steepest single-day decline since the Covid-driven market crash of March 2020.The sell-off erased the gains accumulated during the recent rally…

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Dip in foreign investment is part of a self-correcting cycle : Bank of America’s Sahu

Vikram Sahu, India CEO and Country Executive, Bank of America, hosted the bank’s investor conference in India with foreign institutional investor participation rising 20% from the previous year. According to Sahu, despite the short-term challenges interest in India remains undiminished.Q. With the monetary policy committee meeting around the corner what do you expect from the…

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Key Cabinet decisions: Rs 39,290 crore package get govt nod; ATF fund, coastal highway and Delhi-NCR vehicle scheme on list

The Union Cabinet on Wednesday approved a package of projects and schemes worth Rs 39,290 crore, spanning aviation, highway infrastructure and transport modernisation, with the largest allocation going towards the creation of an Aviation Turbine Fuel (ATF) Price Stabilisation Fund.According to details of the Cabinet decisions, the government approved a Rs 10,000 crore ATF Price…

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Pollution fight: Cabinet approves scheme worth Rs 5,041 crore to replace old trucks and buses in Delhi-NCR

In a major clean-air initiative aimed at reducing vehicular pollution in the National Capital Region, the Union Cabinet has approved a Rs 5,041 crore scheme to replace older trucks and buses in Delhi-NCR with cleaner BS-VI and electric vehicles, backed by a package of financial incentives for vehicle owners, Union minister Ashwini Vaishnaw said on…

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Trump’s 12.5% additional tariffs move under Section 301: What does it mean for India & trade deal talks?

Going forward, Indian exports to the US may face higher scrutiny and the additional tariffs will hit as well, say experts. (AI image) Two days after Commerce minister Piyush Goyal said that the India-US trade deal was now down to finalising the ‘commas and full stops’, the Donald Trump administration has proposed to impose additional…

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Cheaper gold by Rs 10 lakh – 15% import duty prompts smuggling wave in India

The government’s recent hike in gold import duty has fuelled a surge in smuggling, with illicitly imported gold reportedly being sold at discounts of up to Rs 10 lakh per kilogram, creating a significant price gap with legally imported bullion.According to industry participants cited by ET, gold brought into the country through unofficial routes is…

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Gold price prediction today: Will gold, silver prices continue to be stuck in a range? Check June 3, 2026 outlook

For Indian investors, domestic gold prices remained comparatively resilient. (AI image) Gold price prediction today: While gold and silver prices are seeing some weakness, in the domestic market gold has managed to exhibit some resilience, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold’s broad consolidation phase from April…

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US proposes action against 60 countries over forced labour concerns: Why India is on the list

India and the United States may be 99% closer to signing the BTA, but a new proposal from Washington suggests that the trade story isn’t quite finished yet. The United States Trade Representative (USTR) on Wednesday named India among countries that could face additional tariffs over concerns about preventing goods linked to forced labour from…

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