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H-1B visa scrutiny: TCS, Cognizant among 10 firms in US crosshairs

In email to CEOs, US panel questions their firms' H-1B visa hiring practices, seeks reply by October 10

RBI eases compliance burden; gives extra time for merchant payments

In another decision, the RBI eased the compliance requirements for small value exporters and importers

If you need a personal loan, what are the best rates available now?

A personal loan can be used for multiple things, but one must keep in mind that they come with a somewhat higher price tag

RBI extends MTT payment timeline to six months, eases compliance rules

RBI extended the merchanting trade payment timeline to six months from four and simplified reconciliation rules for small exporters and importers to ease compliance burden

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers

Labour union writes to Maharashtra CM on TCS layoffs, company denies claims

IT union NITES has alleged that TCS forced 2,500 resignations in Pune, writing to CM Fadnavis for intervention, while the company has denied the claims as misleading

Jain Resource gains 37% on debut; Epack, BMW Ventures end weak

Jain Resource stock ended at ₹318, up 37.2 per cent over its issue price. At the last close, the company was valued at nearly ₹11,000 crore

Reliance Brands enters partnership to bring Stella McCartney to India

Reliance Brands has tied up with British designer Stella McCartney to introduce her sustainable luxury label in India, offering ready-to-wear, vegan accessories and footwear

Gold, silver outshine equities in H1, rupee loses amid global woes

Yellow metal logs best half-yr returns in 30 yrs; weakest H1 for indices since FY23

Non-tech sector continues to hire more vs tech sector, says Xpheno

The non-tech sector collective continues to hold the majority contributor status (52 per cent), which it took over from the tech sector in October 2022

Lending rates ease 6 bps in August; 1-year MCLR steady in September

RBI data shows lending rates on fresh and outstanding loans fell six bps in August, while the one-year median MCLR of banks stayed unchanged at 8.60 per cent in September

Sebi extends retail algo trading rollout, full compliance by April 2026

Sebi has extended the timeline for retail algo trading framework rollout, setting phased compliance milestones for brokers through 2025, with full compliance due April 2026

Three of four IPOs flop on debut as stocks close below issue price

Three of four firms that debuted on Tuesday closed below issue price despite robust subscription, raising concerns for upcoming mega IPOs such as Tata Capital and WeWork India

TVS SCS North America targets $500 mn revenue, opens Iowa facility

TVS Supply Chain Solutions' North America unit aims for $500 million revenue, growing at 20 per cent CAGR, with a new 225,000 sq ft facility in Iowa expanding its US footprint

Sebi ban over fund diversion drags Man Industries shares down 10%

Shares of Man Industries plunged over 10 per cent after Sebi barred the company and three top executives, including the chairman and MD, over alleged fund diversion

Dutch govt pledges €2 bn backing for Tata Steel's green transition plan

Tata Steel Nederland signs non-binding pact with Dutch govt for up to €2 bn to cut emissions at IJmuiden, with plans for direct reduction and electric arc furnace transition

Nifty Pharma declines 2% after Donald Trump's 100% tariff on branded drugs

The index tracking domestic pharmaceutical stocks hit a low of 21,390 and then recouped some losses to end at 21,507

Tata Capital IPO to open October 6, anchor investor bids from October 3

Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3

SBI chief CS Setty stresses capital market depth for Viksit Bharat 2047

SBI Chairman CS Setty said India needs deeper capital markets, innovation, and financial talent to achieve the Viksit Bharat 2047 vision, speaking at the Stockbrokers' Business Meet