Business

10

Jul

By The Press Editor

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Business

Why TCS hired over 9,200 employees in Q1 despite AI job loss fears | Business

New Delhi: Tata Consultancy Services (TCS) hired over 9,200 employees in the April–June quarter of financial year (FY) 2027, making it the company's strongest quarterly hiring in more than a year. And this has brought its total headcount 5,93,798 employees.  For India’s largest software exporter, this is the second consecutive quarter in which it has added employees. The company added 2,356 people in January-March quarter, and now 9,279 in April-June quarter this financial year.  Equirus Securities called it the highest quarterly hiring jump in 15 quarters, and linked it to TCS having a clearer view of upcoming deals. The company…

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10

Jul

By The Press Editor

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Business

Why E20 petrol isn’t cheaper than regular fuel despite higher ethanol content, government explains | Business

New Delhi: The central government has once again addressed public concerns about ethanol-blended petrol. One of the prominent questions that is there in the mind of the people is that why petrol is not cheaper even after ethanol is added. Explaining the reason, The Ministry of Petroleum and Natural Gas said that E20 petrol isn't cheaper than pure petrol because ethanol procurement costs remain higher at current crude oil prices. Ethanol is made from sugarcane, maize, or grain. It is renewable, domestically produced and has cleaner burning than pure petrol. The government said that ethanol is deliberately purchased at high,…

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10

Jul

By The Press Editor

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Business

Ethanol-blended petrol FAQs: Government answers key questions on price, performance, mileage and safety | Business

New Delhi: Amid widespread misinformation on several platforms regarding the Ethanol Blended Petrol (EBP) Programme, the Ministry of Petroleum and Natural Gas has released a detailed set of Frequently Asked Questions (FAQs) explaining the rationale behind the policy and addressing concerns raised about ethanol-blended fuel. The development comes amid several reports claiming that E20 damages rubber components, engines, or fuel systems of vehicles. The FAQs also seek to provide evidence-based answers on issues ranging from ethanol blending targets and fuel choices to pricing.  1. Why did India appear to rush its ethanol blending targets? The ministry said India's ethanol blending…

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10

Jul

By The Press Editor

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Business

Hydrogen fuel trials underway on 10 routes in the country, Gadkari shares details | Markets

New Delhi: Asserting that hydrogen is the future of the transportation industry, Union Road Transport and Highways Minister Nitin Gadkari has said that the government is conducting trials on 10 routes across the country to test its use as a fuel. The minister said that trials are underway on Greater Noida-Delhi-Agra, Bhubaneshwar-Konark-Puri, Ahmedabad-Vadodara-Surat, Sahibabad-Faridabad-Delhi, Pune-Mumbai, Jamshedpur-Kalinga Nagar, Thiruvananthapuram-Kochi, Kochi-Edappally, Jamnagar-Ahmedabad, and NH-16 Visakhapatnam-Bayyavaram routes. Ministry working on a pilot project for hydrogen trials  While addressing the 'Pravasa 5.0' and Bharat Pravas Awards event in Hyderabad, the Union Minister said, "The Ministry of Road Transport and Highways is working on a…

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10

Jul

By The Press Editor

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Business

Sensex surges 827.57 points, Nifty tops 24,200 amid renewed buying interest at lower levels | Markets

Mumbai: Benchmark indices Sensex and Nifty extended their recovery for a second consecutive session amid renewed buying interest at lower levels, with easing oil prices and a recovery in the technology sector improving investor sentiment. The 30-share BSE Sensex surged 827.57 points or 1.08 per cent to settle at 77,569.39. During the day, the benchmark hit a high of 77,642.23 and a low of 77,320.56, gyrating 321.67 points. The 50-share NSE Nifty was up by 244.10 points or 1.02 per cent and ended the session at 24,206.90. Similarly, the broader market ended in the green. While the BSE MidCap Select Index…

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10

Jul

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Business

Gold continues to fall on MCX, silver volatile amid fresh US-Iran tensions | Check city-wise rates | Markets

Mumbai: Rates of precious metals in futures opened lower on Wednesday, July 10, 2026, amid a fall in spot demand and fresh US-Iran tensions. The gold August 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 410 or 0.28 per cent at Rs 1,44,890 per 10 grams against the previous close of Rs 1,45,300. It fell further to an intraday low of Rs 1,44,400, down Rs 900 or 0.61 per cent. In between, it touched an intraday high of Rs 1,45,061. Last seen, it was trading at Rs 1,44,430, down Rs 870 or 0.60 per…

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10

Jul

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Business

Assam government proposes to reduce VAT on piped natural gas in Budget 2026 | Markets

Dispur: The Assam government on Friday presented a Rs 2,85,084 crore budget for the 2026-27 financial year and proposed reducing Value-Added Tax (VAT) on piped natural gas to 5 per cent from 14.5 per cent to promote cleaner fuel. Presenting his maiden Budget, Assam Finance Minister Jayanta Malla Baruah also announced that he would continue all the major schemes rolled out during the last five years. "The Budget estimates of financial year 2026-27 show a receipt of Rs 1,51,843.23 crore under the consolidated fund of the state... After adding the receipt of Rs 1,34,466.22 crore under public account and Rs 2,000…

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10

Jul

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Business

Defence stock in action post Rs 1,550 crore deal to acquire 41.33% promoter stake in explosives company | Markets

Mumbai: Shares of Hyderabad-based defence technology company Apollo Micro Systems Limited are in action during today's trading session as the company has entered into a definitive share purchase agreement to acquire a 41.33 per cent promoter stake in Premier Explosives Limited. According to the information shared, the all-cash transaction is valued at approximately Rs 1,550 crores, subject to customary closing adjustments. The deal is expected to close by December 2026 (third quarter), subject to regulatory approvals and shareholder approval, among other conditions.  Premier Explosives to retain its existing brand After the deal closes, Premier Explosives will operate under Apollo Micro…

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10

Jul

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Newly listed textile stock hits upper circuit as company announces new acquisition, check share price | Markets

Mumbai: Shares of newly listed Aastha Spintex Ltd, a Gujarat-based integrated cotton yarn manufacturer, hit a 5 per cent upper circuit on Friday, July 10, 2026, as the company has announced the acquisition of Falcon Yarns to significantly expand its manufacturing capacity and strengthen its growth plans. The counter opened gap at Rs 122.85, gain of 4.96 per cent against the previous close of Rs 117.05 on the BSE. It gained further to hit the high of Rs 122.90 and get locked in a 5 per cent upper circuit. The market cap of the company stood at Rs 542.51 crore. …

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10

Jul

By The Press Editor

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Business

Sensex surges 653 points, Nifty above 24,100 amid positive global cues, TCS jumps 4% | Markets

Mumbai: Indian equity benchmark indices, the Sensex and Nifty, opened in the green on July 10, 2026, amid positive global cues, as the United States and Iran continue technical-level talks despite recent military strikes, easing concerns over a broader escalation in the Middle East. While the 30-share BSE Sensex added 653.81 points or 0.85 per cent to start the session at 77,395.63, the Nifty gained 161.9 points to open at 24,124.70. In the last trading session, the Sensex closed at 76,741.82 and the Nifty 50 at 23,962.80.  From the Sensex pack, TCS, Infosys, Tech Mahindra, HCL Tech, and Indigo were…

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