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IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
The All India Consumer Food Price Index (CFPI) saw a year-on-year inflation rate of -5.02% (Provisional) for October 2025 versus October 2024. (AI image) October retail inflation FY 2025-26: The Consumer Price Index (CPI) inflation for the month of October dropped to a 10-year low of 0.25% according to government data. This is a reduction…
Gold prices edged higher on Wednesday, tracking gains in global markets amid renewed optimism that the US Federal Reserve may cut interest rates next month. On the Multi Commodity Exchange (MCX), December gold futures climbed by Rs 328, or 0.26 per cent, to Rs 1,24,241 per 10 grams, with a business turnover of 12,868 lots.The…
The central government is set to overhaul the PM Gati Shakti governance structure by winding up the existing Network Planning Group (NPG) and replacing it with a new, centralised institution to coordinate India’s transport infrastructure strategy.The proposed body, tentatively named the GatiShakti Transport Planning and Research Organisation (GTPRO), will operate under the Cabinet Secretariat and…
Nasscom highlighted concerns about geographical and sector-based disparities in the new system proposed for H-1B visa issuance. (AI image) H-1B visa overhaul: Donald Trump administration’s proposed move to replace the lottery-based system for H-1B visas with a ‘wage-weighted’ system will be disruptive, Nasscom has warned. Nasscom, the IT industry body, has sharply criticised the US…
The initial public offering (IPO) of edtech unicorn PhysicsWallah drew a muted response on the second day of bidding, with only 10% subscription recorded so far. The Rs 3,480-crore IPO, which opened earlier this week, will close for bidding on November 13.According to data available on the National Stock Exchange (NSE) till 11:30 am on…
MUMBAI: TVS Motor Company chairman emeritus Venu Srinivasan has been reappointed trustee and vicechairman of the Sir Dorabji Tata Trust (SDTT) for a period of three years. The move, SDTT said, was made “in compliance with legal and regulatory requirements.”On Oct 24, Srinivasan had been appointed permanent trustee of SDTT after his earlier term expired….
US President Trump indicated on Monday that he plans to lower tariffs on India in the future. (AI image) With US President Donald Trump hinting at a trade deal soon, Global Trade Research Initiative (GTRI) founder Ajay Srivastava says that India should push for rollback of 25% tariffs on account of Russian crude oil. Srivastava…
MUMBAI: CarTrade Tech is weighing a potential acquisition of the automotive classifieds business of rival CarDekho. “….the company has been in discussions with Girnar Software (parent of CarDekho) regarding a potential consolidation opportunity in the new and used automotive classifieds businesses (CarDekho and BikeDekho) in India. These discussions are limited to the automotive classifieds businesses…
Shares of Tata Motors Commercial Vehicles Ltd (TMLCV), the newly demerged commercial vehicle arm of Tata Motors, made a robust debut on Wednesday, listing at a premium of over 26%–28% to its implied value.. The stock opened at Rs 335 on the NSE, up 28.5% from the implied value of Rs 260.75 and at Rs…
