TCS announces a major $700 million acquisition of Salesforce specialist Coastal Cloud, marking its second US buyout in under three months and boosting its AI-cloud prowess. Acquisition Details Tata Consultancy Services (TCS) revealed on December 10 its all-cash deal to acquire Coastal Cloud Holdings, a top Salesforce partner, for up to $700 million (including deferred…
The upcoming week on Dalal Street is poised for consolidation amid the Lok Sabha elections and scrutiny of US and India inflation data. Investors will closely monitor corporate earnings, primary market activities, crude oil prices, and FII/DII data for market cues. Key Highlights: Corporate Earnings: Over 200 companies, including Zomato, Bharti Airtel, and Power Finance…
Japan’s stock market made history on Monday as the Nikkei 225 Index soared past the 50,000 mark for the first time, fueled by optimism over expected government stimulus under newly elected Prime Minister Sanae Takaichi The benchmark Nikkei climbed 2.46% to close at 50,512.32 — its highest finish ever — extending a powerful rally that…
Washington, DC – In a notable development, US mortgage rates have experienced a sharp increase, reaching their highest point in over two decades. The Surge in Mortgage Rates According to recent data released by Freddie Mac, the average rate for a 30-year fixed-rate mortgage climbed to 7.09% during the week ending August 17. This marked…
The government is contemplating raising the income tax exemption limit to Rs 5 lakh under the new tax regime, offering no relief for others. To spur consumer spending and bolster GDP growth, the government is considering lowering personal income tax rates, multiple officials suggest. An official mentioned that the income threshold for tax exemption might…
Diplomatic Breakthrough: Qatar and France Forge Humanitarian Accord In a significant diplomatic breakthrough, Qatar and France have successfully mediated an accord between Israel and the Palestinian group Hamas to provide essential medication to 45 Israeli hostages in Gaza. This exchange will see reciprocal humanitarian and medical aid extended to vulnerable civilians in the region. Diplomatic…
Andrew Witty has stepped down as CEO of UnitedHealth, just weeks after the company slashed its annual outlook and missed earnings expectations for the first time since the 2008 financial crisis—a big blow during his time in charge. The surprise announcement came Tuesday, with UnitedHealth confirming that Stephen J. Hemsley, who previously led the company…
ITC Limited’s board has given in-principle approval for the demerger of its Hotels Business under a scheme of arrangement. This strategic move, as per a regulatory filing on July 24, will allow the hotel business to function as a separate entity within the rapidly expanding hospitality industry, focusing on its growth path with an optimal…
The latest updates from the RBI Monetary Policy Committee (MPC) shed light on the economic outlook for the fiscal year 2025, emphasizing a projected 7% growth in Gross Domestic Product (GDP) and a Consumer Price Index (CPI) of 4.5%. Key Highlights from the RBI MPC Meeting Economic Growth Prospects Governor Shaktikanta Das reiterated the importance…
Elon Musk, the CEO of Tesla Inc., is set to make a significant impact during his upcoming 48-hour visit to India, expected to commence on April 21st. One of the major highlights of his visit is the unveiling of plans for introducing Starlink services within the country. Musk’s Agenda in India During his brief stay,…
