Date: October 14, 2026 Report by: Business Desk The Indian equity markets witnessed a sharp reversal of fortunes during Wednesday’s trading session. After a promising start that hinted at a potential bullish run, the benchmark indices, BSE Sensex and NSE Nifty 50, succumbed to heavy selling pressure by midday. Investors, wary of mounting sector-specific risks, […]
India’s Economic Momentum: IMF Upgrades FY27 Growth Forecast to 7% Amid Global Uncertainty
In a resounding endorsement of the Indian economy’s underlying strength, the International Monetary Fund (IMF) has officially raised its growth forecast for India for the 2026-27 fiscal year (FY27). Pegging the growth rate at 7 percent, the multilateral institution cited a potent combination of resilient domestic demand and a thriving services sector as the primary […]
NPCI Defers UPI Merchant Discount Rate Rollout Until After Diwali to Protect Festive Retail Momentum
NEW DELHI — In a major relief for small businesses and digital shoppers alike, the National Payments Corporation of India (NPCI) announced on Tuesday, October 13, that the controversial rollout of the Merchant Discount Rate (MDR) on select Person-to-Merchant (P2M) Unified Payments Interface (UPI) transactions has been officially postponed. Originally slated to take effect on […]
Pre-IPO Momentum: Fusion CX Secures Major Backing as Institutional Investors Snap Up ₹120 Crore Stake
By Financial Desk October 11, 2026 As the Indian capital markets continue to exhibit robust appetite for technology-driven service providers, Kolkata-based customer experience (CX) solutions giant Fusion CX has set the stage for its upcoming initial public offering (IPO) with a significant pre-IPO secondary market transaction. In a move signaling strong institutional confidence, marquee investors—including […]
TCS Reports Strong Q2 FY27 Performance: Net Profit Surges 14.98% to Rs 13,884 Crore on the Back of Robust AI Momentum and Strategic Deals
MUMBAI — Tata Consultancy Services (TCS), India’s premier software services titan, has reported a resilient financial performance for the quarter ended September 2026. Demonstrating sustained business momentum despite a dynamic global economic landscape, the company registered a double-digit growth in both revenue and net profit, fueled heavily by accelerating artificial intelligence (AI) adoption and high-profile […]