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Accenture, the global IT services and consulting firm with a significant Indian workforce, reported a 7 per cent year-on-year increase in revenue to $17.60 billion for the June-August 2025 quarter, reflecting steady client demand and digital transformation projects, the company said on Thursday. The growth included a 2.5 per cent foreign-exchange impact, PTI reported.Julie Sweet,…
The US move to impose higher fees on H-1B visas is expected to impact Indian IT majors’ operating margins by just 0.20 per cent, according to Crisil Intelligence, an arm of a domestic rating agency.“The US decision to impose a $100,000 fee on new H-1B visas for foreign workers will snip just 10-20 basis points…
Silver prices surged to an all-time high of Rs 1.40 lakh per kilogram in Delhi on Thursday, while gold slipped by Rs 630 per 10 grams amid subdued buying by retailers, marking a historic divergence in precious metal trends.Following strong international trends, silver in futures trade scaled record highs. The December contract rose Rs 3,528…
Wall Street struggled on Thursday, heading toward a rare three-day losing streak as investors digested stronger-than-expected US economic data and corporate results.The S&P 500 fell 0.7% in early trading, marking a deeper decline than the previous two days, while the Dow Jones Industrial Average was down 107 points, or 0.2%, and the Nasdaq composite slid…
India’s food processing sector received a major boost on Thursday as Reliance Consumer Products Ltd (RCPL) and three Coca-Cola bottlers announced a combined investment exceeding Rs 65,000 crore, signaling strong corporate confidence in the industry’s growth potential. The commitments were unveiled on the opening day of the World Food India Summit, which is scheduled to…
The US economy grew at an unexpected 3.8 per cent annualised pace in the second quarter, significantly higher than the previously estimated 3.3 per cent, government data showed Thursday. The revision highlights a strong rebound from a first-quarter contraction of 0.6 per cent and underscores the influence of shifting trade patterns on the country’s economic…
Starbucks is laying off around 900 non-retail employees and shutting some stores in the US and Canada as part of a broader turnaround strategy, the company announced on Thursday, AP reported. Employees whose roles are being eliminated will be informed early Friday, while the closures will be rolled out in the coming days.The Seattle-based coffee…
The Reserve Bank of India (RBI) has unveiled changes to strengthen the security of digital transactions, making two-factor authentication mandatory across the country’s payment ecosystem. The new framework, issued under the Reserve Bank of India (Authentication Mechanisms for Digital Payment Transactions) Directions, 2025, will come into effect from April 1, 2026.“All payment system providers and…
Policies such as the Production Linked Incentive (PLI) Scheme have attracted investments worth Rs 1.76 lakh crore, with cumulative production reaching Rs 16.5 lakh crore. Under these initiatives, India has successfully transitioned from import dependence to global leadership in sectors like electronics, pharmaceuticals, defence, and automobiles. (Image credits: AI) Source link
NEW DELHI: The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for furnishing the audit reports under the Income-tax Act, 1961, for the Financial Year 2024-25 (Assessment Year 2025-26).“The Central Board of Direct Taxes (CBDT) has decided to extend the specified date for filing various audit reports for the Previous Year 2024–25…
