BUSINESS
Railways Ministry Refutes Claims of Rejecting Japanese Bullet Train Technology as 'Fake News'
Releasing a fact check on what it termed as "fake news," the Ministry confirmed no decision has been made to drop Japanese Shinkansen technology for the corridor.
HCL Technologies Q1 Profit Drops 10% to ₹3,843 Cr; Interim Dividend of ₹12 Announced
Despite the decline in profits, the company saw an 8% increase in revenue from operations at ₹30,349 crore against ₹28,057 crore for Q1 FY25, according to its regulatory filing. On a quarter-on-quarter basis, revenue increased marginally by 0.3% from ₹30,246 crore in the previous quarter.
Bitcoin Rockets Past $120,000 Amid 'Crypto Week' and Regulatory Optimism
The rally is a testament to increasing investor optimism as central policy debates about regulating cryptocurrency are given top billing in Washington this week.
NSE Secures 4th Spot Worldwide in H1 2025 IPO Fundraising with $5.5 Billion
Statistics from S&P Global Market Intelligence indicate that the NSE absorbed $5.51 billion in IPO funds in the period January to June, accounting for 8.9% of the worldwide total of $61.95 billion.
Markets Slip on Tariff Concerns as Q1 Earnings Hold the Key to Rebound
While maintaining a relatively consistent performance for most of the week, profit-taking during the latter half of the week caused benchmark indices to fall. At the end of the week, the Sensex and Nifty also closed at their lowest levels at 82,500.47 and 25,149.85, respectively.
Indians Ramp Up Investments in US Stocks Amid Market Volatility: Report
The second quarter was very volatile for Wall Street. The S&P 500 plummeted by 13% in April after new tariffs by former President Donald Trump on 'Liberation Day' sent a significant market upheaval.
IT Department Launches Excel Utilities for ITR-2 and ITR-3 Filers
Previously, the department had only offered online and Excel utilities for ITR-1 and ITR-4 that apply to taxpayers with less complex income profiles under certain conditions. The new release now allows a larger category of taxpayers to start filing.
India's Economy Stays Resilient Amid Global Uncertainty: Report
According to a report released by Bank of Baroda (BoB) on Friday, consumption trends have also picked up pace in the first quarter (Q1) of FY26 compared to the final quarter of FY25.
US Visa Fees Set to Rise: Application Cost in India to Hit ~₹40,000 from 2026
This is likely to substantially increase the fee for obtaining a US visa, with a particularly severe impact on students, visitors, and workers in the IT industry.
Zomato Founder Invests ₹52.3 Crore in Ultra-Luxury Gurugram Apartment
The deal for an apartment with a super built-up area of 10,813 square feet was done in August 2022, even though official registration of the property was done in March this year, Zapkey found after reviewing the registration records.
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