Tata Consultancy Services (TCS) plans for 80% of its new hires to possess digital and Artificial Intelligence (AI) skills, anticipating that the growing share of AI-led work will significantly boost its profit margins.
Wipro reported a marginal 1.40 per cent decline in consolidated net profit to Rs 3,200.6 crore for the July-September quarter of FY27, despite a 9.1 per cent increase in revenue from operations to Rs 24,752.7 crore.
Indian benchmark equity indices, Sensex and Nifty, traded marginally higher in early deals despite cautious global cues stemming from elevated crude oil prices due to geopolitical uncertainties and a sharp fall in US markets. Track Sensex, Nifty on August 21, 2026.
Police in Navi Mumbai arrested a Nigerian national, Anyi Ikechukwu Darlington, and seized mephedrone and cocaine worth Rs 3.57 crore. The accused, previously arrested in a drug case, was out on bail and is now under investigation for his role in a drug distribution network.
The lack of faster growth in salaried jobs may well account for the degrowth in the unemployed educated population who are actively seeking jobs.
Delhi Police has deployed over 6,000 personnel, 220 companies of CAPF, and an expanded CCTV network in New Delhi for the Cockroach Janta Party's proposed 'Lehra Do Tiranga' march on Friday. The march, which has not been granted permission, is planned for Central Park in Connaught Place, which will be closed. Prohibitory orders are in force, and police are prepared to take action against violators, while also offering an alternative, suitable location for a flag march to a select group.
Indian benchmark equity indices, Sensex and Nifty, opened higher on Monday, driven by strong buying in blue-chip stocks like HDFC Bank and Infosys, despite persistent geopolitical tensions and elevated crude oil prices.
Navigating this geopolitical minefield requires a cold-blooded blend of immediate tactical pleading, structural domestic diversification, and aggressive collective resistance, suggests Ambassador Rajasekhar.
Indian equity markets, led by the Nifty 50, saw gains following a pullback in Brent crude prices towards $101-102 a barrel and weaker-than-anticipated US jobs data, which eased concerns about a Fed rate hike. However, analysts caution that markets are likely to remain volatile in the near term.
HCLTech, India's third-largest IT services company, reported robust Q2 revenue growth of 2.3 per cent in constant currency, driven by services and ER&D segments, with strong new deal wins of $3.3 billion and significant traction in its AI business. Despite exceeding margin estimates and raising revenue guidance, some brokerages remain cautious due to the stock's premium valuation compared to peers.
TCS chief executive and managing director K Krithivasan stated that the US is unlikely to target tech companies based on their domicile, with actions like the recent green card application programme suspension being driven by local sensitivities around jobs.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, influenced by the escalating US-Iran standoff and persistently high crude oil prices, with experts predicting increased volatility.
The Supreme Court has questioned the Centre's decision to cap trade margins on anti-cancer drugs at 30 per cent, asking why similar restrictions could not be extended to other medicines and medical consumables, citing glaring disparities between procurement costs and maximum retail prices (MRPs).
Uttar Pradesh Chief Minister Yogi Adityanath announced the renaming of Kasari-Masari, a former stronghold of gangster Atiq Ahmed, to Shrikrishnapuri. The area in Prayagraj will see the construction of 1,200 homes for poor families on land reclaimed from the mafia leader. Adityanath reiterated his government's "zero-tolerance" policy against criminals and highlighted development initiatives.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
L&T Technology Services (LTTS) reported a 66.78 per cent increase in consolidated net profit to Rs 548.2 crore for the July-September quarter of FY27, largely due to a one-time gain from the sale of its Smart World and Communication business. Revenue also grew by 12.1 per cent to Rs 3,040.4 crore. The company secured over USD 200 million in large deal wins, with a significant portion in AI-related projects, and launched an Engineering Intelligence Lab in partnership with NVIDIA.
Indian benchmark indices Sensex and Nifty experienced declines in early trade, driven by a surge in Brent crude oil prices above USD 91 per barrel due to escalating tensions between Iran and the US, alongside an increase in US 10-year bond yields. Track Sensex, Nifty on August 18.
Investors who bought attractively valued IPOs and held on have earned strong returns, particularly when the money raised went into companies rather than into the pockets of exiting shareholders.
The Indian government has revised its windfall tax on fuel exports, increasing the levy on petrol exports to Rs 2.5 per litre while cutting the duty on diesel exports to Rs 8.5 per litre, effective October 16.
The Anti-Corruption Bureau (ACB) in Navi Mumbai has arrested an inspector and a security guard from the Grocery Markets and Shops Board for allegedly accepting a bribe of Rs 43,000 to issue a Mathadi worker registration receipt. The arrest followed a complaint from an autorickshaw driver seeking a worker appointment.
India's retail inflation surged to 5.54 per cent in September, primarily due to a significant increase in onion and other food prices, remaining just within the Reserve Bank of India's tolerance band. This marks the highest inflation since the new series with base year 2024 took effect in January.
Anti-drug activist Parvinder Singh Jhota was shot dead in Mansa, Punjab, on Tuesday. Preliminary police investigation suggests personal enmity as the motive, with a medical store owner, Ashwani Kumar, identified as the main accused. Police are conducting a manhunt for Kumar, whose associate has been arrested and family members detained. The murder has led to protests and vandalism.
AIADMK chief Edappadi K Palaniswami has criticised Tamil Nadu Chief Minister C Joseph Vijay for his silence regarding a multi-crore international drug racket operating along the state's coastline. Palaniswami questioned if the racket was happening with the ruling TVK's knowledge, citing a recent 137 kg crystal methamphetamine seizure by the DRI and the alleged involvement of a TVK functionary. He demanded a comprehensive explanation from the Chief Minister.
Telangana's Anti-Corruption Bureau (ACB) has registered a Disproportionate Assets case against a Civil Supplies department official in Mahabubabad district. Searches at seven locations revealed assets worth approximately Rs 9.41 crore, including immovable and movable properties. The investigation is ongoing, with further verification of assets and their sources underway.
It was very disappointing to watch some talented singers pull each other down on national television, notes Divya Nair.
A 32-year-old man, Ebin B Paul, has been arrested in Kochi for allegedly setting fire to a plant nursery in front of a synagogue. Police suspect a wider conspiracy and have seized various narcotic substances from his residence during the investigation. The incident occurred on September 12.
While India and the US have narrowed their differences, the remaining issues will be the hardest to resolve
Infosys CEO Salil Parekh stated on Tuesday that the company's AI services, currently contributing over 8% of revenue, are growing rapidly and could account for almost half of its work within two to three years. He highlighted the strong demand for AI services, the company's hiring and training efforts for graduates in AI, and discussed potential risks like infrastructure challenges and societal backlash.
The National Payments Corporation of India (NPCI) has deferred the implementation of a 0.4 per cent Merchant Discount Rate (MDR) on Person-to-Merchant UPI transactions above Rs 2,000. Originally set for October 15, the new date will be announced after Diwali, providing relief to users and merchants, especially during the festive season. The decision came amidst opposition concerns about the levy burdening consumers.
Small and medium enterprise (SME) initial public offerings (IPOs) in India are significantly underperforming mainboard listings, with 81 out of 161 SME IPOs trading below their issue price this year, and a median return of -0.2 per cent compared to a 24 per cent gain for mainboard issues.
Industry leaders at MRAM Expo 2026 highlighted that India's maintenance economy has the potential to unlock a 1 per cent GDP opportunity. This growth can be achieved by addressing productivity losses from equipment breakdowns, unplanned downtime, and inefficient assets through smarter asset management practices. The NITI Aayog also supports AI-based predictive maintenance for resilient infrastructure, while the Indian Asset Performance Management market is projected for substantial growth by 2033.
Indian benchmark equity indices, Sensex and Nifty, rebounded in early trade, driven by a recovery in world markets due to easing US Treasury yields and fresh foreign fund inflows, halting a multi-day losing streak. Track Sensex, Nifty on August 20.
Delhi Police has advised the public to avoid the Cockroach Janta Party's 'Lehra Do Tiranga' march scheduled for Friday at Connaught Place, citing prohibitory orders and security concerns. While offering to facilitate a symbolic flag-waving event elsewhere, police have stepped up security and warned of legal action against those defying orders, as the proposed venue, Central Park, will be closed.
Militants ambushed 14 Meitei men in Manipur on Monday, killing three and injuring three others. The attack, which occurred in the Sunurok hills, sparked widespread protests in Imphal, with locals placing bodies outside the Chief Minister's residence. Police used tear gas to disperse protesters. Chief Minister Y Khemchand Singh condemned the killings and held security review meetings, while the opposition Congress demanded his resignation, citing the state's ongoing ethnic violence since May 2023. Security forces have launched a combing operation with drones and sniffer dogs.
Rising bond yields in the US and other advanced economies are making it increasingly difficult for Indian equities to attract foreign portfolio investors (FPIs), leading to pressure on valuations and potentially lower returns for domestic investors.
A court in Ballia, Uttar Pradesh, has sentenced four individuals Rohit Yadav, Shekhar Yadav, Jawaharlal Gond, and Om Prakash to life imprisonment for the murder of 20-year-old Rohit Pandey in 2024. The court also imposed a fine of Rs 1.85 lakh on each convict. The victim was attacked with sharp-edged weapons on July 20, 2024, and later succumbed to his injuries, leading to a complaint and chargesheet.
Telangana police have arrested two individuals from Andhra Pradesh in connection with a large-scale cryptocurrency investment fraud. The accused allegedly operated a Ponzi scheme through a fake website, cheating around 500 victims of over Rs 10 crore by promising to double investments and offering commissions for recruiting new members.
Elon Musk has escalated his criticism of Indian industrialist Mukesh Ambani, sharing media reports that alleged Reliance-funded firms helped boost BJP campaigns on social media and made large political donations. This comes amidst a persistent delay in the launch of Starlink satellite broadband services in India, with Musk accusing Ambani of protecting a monopoly. The Indian government maintains its telecom framework is fair and non-discriminatory, while Reliance has not publicly responded to Musk's allegations.
US Secretary of State Marco Rubio kick-started a three-day visit to India on Tuesday to advance bilateral ties in energy, trade and investment, defence, critical technologies, and exchange views on the West Asia crisis.
An anti-drug activist, Parvinder Singh alias Jhota, was allegedly shot dead by a medical store owner in Mansa, Punjab, after confronting the owner about the illegal sale of intoxicating substances.
