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Arbitrage or manipulation? Market crackdown sparks legal showdown

[ad_1] The 3 July order of the Securities and Exchange Board of India (Sebi) draws on detailed market data, highlighting patterns in Bank Nifty trades, price impacts and rapid reversals to argue Jane Street’s conduct crossed the line from aggressive arbitrage into manipulation. Experts believe Jane Street could counter Sebi’s allegations with transparent trading logic and data. It might also

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TCS Q1 revenue falls 3%, 1st drop in over 4 years

[ad_1] Bengaluru: TCS marked its first year-on-year decline in constant currency since the Sept quarter of FY21, with lacklustre performance attributed to weak macroeconomic conditions, cautious client sentiment, delayed decision-making, and the winding down of the BSNL deal. Its revenue for the June quarter fell 3.1% year-on-year in constant currency and 3.3% sequentially, as geopolitical uncertainties dampened demand.TCS CEO K

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Trump reflects on Secret Service lapses during Butler rally: ‘Very capable, but they had a bad day’

[ad_1] One year after assassination attempt on him at Butler, in Pennsylvania, US President Donald Trump opens up about the chaos, and rapid response that saved his life. In a new episode of My View with Lara Trump airing this Saturday (July 12), Trump revisits the July 13, 2024, the near fatal attack, calling it an “unforgettable” moment. “I didn’t

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Priya Nair to be CEO and MD of Hindustan Unilever Limited

[ad_1] Priya Nair. | Photo Credit: Special Arrangement Hindustan Unilever Limited (HUL) has announced that Priya Nair, currently President, Beauty and Well-Being, Unilever, will be appointed Chief Executive Officer and Managing Director, HUL, effective August 1, 2025. She will be the first woman CEO and MD of the FMCG major. She will also join the HUL Board, subject to necessary approvals,

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Indian team heads back to US to ‘negotiate complete trade deal’ amid looming tariffs

[ad_1] NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an agreement, without any deadline pressure. “We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a complete deal. Whatever will

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Delta says segmentation coming to high-end cabins

[ad_1] Nurphoto | Nurphoto | Getty Images Delta Air Lines is studying new types of airplane tickets — this time in the premium cabins at the front of the plane. Airlines spent years slicing up their coach cabins, from extra legroom seats to bare-bones basic economy fares that don’t allow changes or include a seat assignment. Delta was a pioneer

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Trump Brazil tariffs could raise coffee prices

[ad_1] President Donald Trump‘s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii and Puerto Rico the

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PIB debunks fake AI-171 crash report circulating on social media

[ad_1] PIB Fact Check: A message claiming to be the preliminary investigation report of the AI-171 crash, allegedly issued by the Aircraft Accident Investigation Bureau (AAIB), is being widely circulated on social media platforms. “A message circulating on #WhatsApp claims to be the preliminary investigation report of the AI-171 crash by the Aircraft Accident Investigation Bureau (AAIB)”, the notification said.  This

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ITR filing: Claiming HRA to reduce tax outgo? Rent receipts alone may not suffice – why your claim can be rejected

[ad_1] House Rent Allowance (HRA) remains a common tax-saving benefit for salaried individuals. But recent scrutiny by tax officers shows that even well-documented claims can be rejected if the underlying transactions appear dubious or fail to show a clear money trail.To claim HRA exemption under Section 10(13A) of the Income Tax Act, salaried individuals must receive an HRA component in

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Centre-State coordination to make India a global investment destination: NITI Aayog CEO

[ad_1] BVR Subrahmanyam, CEO of NITI Aayog, on Thursday underscored the critical role of state-level execution in shaping India’s overall investment climate. During a high-level workshop on ease of doing business and investment promotion in New Delhi, he emphasised that there is much to learn from within the country itself, citing the diversity of successful models across states. Subrahmanyam called

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‘Oil prices would have hit $120-130’: India says its oil imports from Russia helped global markets; Hardeep Puri hits out at critics

[ad_1] Addressing critics of India’s Russian oil imports, Puri noted that certain commentators make unwarranted criticisms of Indian policies. (AI image) India’s ongoing crude oil imports from Russia have contributed to global energy price stability, according to Petroleum and Natural Gas Minister Hardeep Puri. He has said that discontinuing Russian oil trade would have caused crude prices to surge beyond

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Housing squeeze: 30-year US mortgage rate rises to 6.72%; 5-week easing streak ends as borrowing costs inch up

[ad_1] The average long-term mortgage rate in the US edged higher this week, ending a five-week streak of easing borrowing costs that had offered some relief to prospective homebuyers.According to mortgage buyer Freddie Mac, the average rate on a 30-year home loan ticked up to 6.72% from 6.67% last week. A year ago, the rate was higher at 6.89%, AP

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Order classifying Anil Ambani’s loan account as ‘fraudulent’ withdrawn: Canara Bank tells Mumbai High Court

[ad_1] The Canara Bank on Thursday (July 10, 2025) informed the Bombay High Court that it has withdrawn its order classifying as “fraudulent” the loan account of a firm linked to industrialist Anil Ambani. After the bank’s disclosure, a Bench of Justices Revati Mohite Dere and Neela Gokhale disposed of the petition filed by Mr. Ambani challenging the bank’s order,

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RBI outlook to Parliament panel: Governor Sanjay Malhotra says economy strong; Rs 2,000 notes still legal but out of circulation

[ad_1] RBI Governor Sanjay Malhotra on Thursday briefed the Parliamentary Standing Committee on Finance on the state of the Indian economy, assuring lawmakers that the country was performing well despite global headwinds.According to panel Chairman and BJP MP Bhartruhari Mahtab, “He gave us a wide range of information related to the economic situation and the financial system of our country.

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Trump threatens India-Russia energy trade

[ad_1] Key supplier: In FY25, Russia accounted for around 35 per cent of the total crude oil procured by India. | Photo Credit: Dado Ruvic US President Donald Trump has endorsed a Bill that proposes a 500 per cent tariff on countries importing oil from Russia, a development that can destabilise India’s trade with its largest crude oil supplier. The

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TCS Q1 net profit rises 6% to ₹12,760 crore; board declares interim dividend of ₹11 per share

[ad_1] In the backdrop of global uncertainties and geopolitical issues impacting businesses, Tata Consultancy Services Ltd. (TCS) reported 6% growth in net profit at ₹12,760 crore over the year ago period aided by one time gain of ₹600 crore for the first quarter of 2025-26 ending June 30. Revenue at ₹63,437 crore for the quarter, grew 1.3% Year on Year (YoY).

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Space startup Varda raises $187 million to make drugs in orbit

[ad_1] Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. It brought the total

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Priyank Kharge signals flexible approach on bike-taxi ban, stresses support for innovation

[ad_1] Priyank Kharge, Karnataka’s Minister for Rural Development and Panchayat Raj, IT and BT | Photo Credit: ARUN KULKARNI Amid the Karnataka government’s clampdown on bike taxis, enforced from June 16, the State may be signalling a flexible stance. Speaking at an event in Bengaluru, Priyank Kharge, Karnataka’s Minister for Rural Development and Panchayat Raj, IT and BT, said, “Just

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Heavy rain floods Gurugram; residents express anger on social media

[ad_1] A truck carrying liquor turned turtle after a road caved in during heavy rain, in Gurugram, on Thursday | Photo Credit: PTI Life was thrown out of gear in several parts of Gurugram due to heavy rains in the last two days, which led to flooded streets and caused traffic snarls extending into Delhi. Gurugram authorities advised private institutions

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India is playing a seminal role in setting global telecom standards, says Jyotiraditya Scindia

[ad_1] Union Minister of Communications Jyotiraditya M. Scindia. | Photo Credit: Sudhakara Jain For the first time, India is playing a seminal role in setting global telecom standards, said Union Minister for Communications and DoNER Jyotiraditya Scindia. Speaking at Bharat 6G Alliance (B6GA) meeting in Bengaluru on Thursday (July 10, 2025), he said the country was aiming at contributing 10%

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Manipal’s Sahyadri buy signals next phase in hospital consolidation

[ad_1] India’s private hospital sector is undergoing rapid consolidation with players like Manipal, Apollo and Max Healthcare racing to scale up their presence across regions through strategic acquisitions. The aggressive expansion is being driven by rising demand for quality healthcare, a shift in consumer preference for organised players, and deep-pocketed private equity backing. In its latest move, Manipal Hospitals has

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Google launches AI innovations to make agricultural practices more data-driven and efficient

[ad_1] Google on Thursday unveiled new open-source AI innovations and initiatives aimed at strengthening India’s agriculture sector and making AI models more sensitive to the country’s linguistic and cultural diversity. The company launched the Agricultural Monitoring and Event Detection (AMED) API that provides information on crops and field activity across India, empowering the ecosystem to build targeted solutions that support

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Omar Abdullah says tourism “bouncing back” in J&K, invites Mamata to visit

[ad_1] Jammu and Kashmir Chief Minister Omar Abdullah with West Bengal Chief Minister Mamata Banerjee at State Secretariat | Photo Credit: DEBASISH BHADURI Jammu and Kashmir Chief Minister Omar Abdullah on Thursday said tourism is “bouncing back” in the Union Territory after the Pahalgam terror attack as there has been a “noticeable increase” in the number of direct flights now.

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Currency watch: Rupee ends 3 paise higher at 85.70 vs dollar; equities dip as tariff talks loom

[ad_1] The rupee ended 3 paise higher at 85.70 against the US dollar on Thursday, supported by optimism over a possible US-India trade deal, even as equity markets closed in the red.The local currency opened at 85.62 and moved between 85.53 and 85.70 during the session before settling 3 paise higher than Wednesday’s close of 85.73, according to interbank foreign

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Monsoon Fury: Home Ministry releases Rs 1,066 crore for six flood-hit states

[ad_1] The Ministry of Home Affairs on Thursday approved the release of Rs 1,066.80 crore to flood and landslide-hit six states – Assam, Manipur, Meghalaya, Mizoram, Kerala and Uttarakhand. Among the six flood affected states, Assam received Rs 375.60 crore, Rs 29.20 crore was given to Manipur, Rs 30.40 crore to Meghalaya, Rs 22.80 crore to Mizoram, Rs 153.20 crore

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