Savings Effect

Jane Street alleges SEBI report prepared after ex-parte order to bolster case; SEBI calls plea ‘fishing enquiry’ - Jane Street claims SEBI report was made after ex-parte order. - Firm argues SEBI failed to clarify large delta thresholds.

Infosys, Wipro ADRs slip 3% as US cracks down on H-1B visa programme - US suspended PERM program for Infosys and Wipro. - Infosys and Wipro ADRs fell nearly 3 percent. - Action aims to encourage hiring of American workers.

Akasa Air re-introduces fuel surcharge for domestic flights, hikes surcharges for intl services "In view of the prevailing fuel price environment, Akasa Air has taken a measured approach to partially offset the impact," the statement said.

GST Council approves key GST reforms The GST Council has raised the monetary threshold for prosecution of offenders to ₹10 crore from ₹5 crore and approved curbs on arrest powers. The Council also approved ITC on employee insurance expenses, a ₹10,000 threshold for GST show-cause notices, and cut GST on delivery services provided by unregistered riders through e-commerce platforms to 5%.

India’s retail credit AUM rises 18% YoY to ₹142 lakh crore in the June quarter, says Experian.

Desible.ai raises ₹32 crore from Prime Venture Partners to build AI operating layer for BFSI

TCS’ AI revenue crosses $3 billion in Q2, contributing over 10% of the company’s topline.

Andhra Pradesh has attracted ₹22.6 lakh crore in investments over the past two years, according to Chief Minister Chandrababu Naidu.

Aditya Birla Sun Life AMC launches financial services sector debt fund

Piyush Goyal calls for FTA utilisation desks across states to help MSMEs effectively use FTAs

TCS adds nearly 4,300 employees in Q2, taking total headcount to a five-quarter high of 598,056.

🚨 TCS Dividend: Board declares ₹12 per share interim dividend, record date October 14

🚨🚨 TCS Q2 Results: Net profit at ₹13,884 crore, margins remain flat; AI crosses 10% of topline

HDFC Bank’s incoming CEO Anup Bagchi is set to become India’s highest-paid bank CEO at ₹35.9 crore.

VinFast signs over 50 dealers across 15 states and UTs for its first e-motorcycle network in India.

Lighthouse Communities Foundation, which has helped over 50,000 youth, to list on BSE SSE

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