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BusinessIT stocks are expected to stay in focus after TCS reported September-quarter results that slightly exceeded market expectations. Additionally, recent developments regarding the US H-1B visa program and green card policies are influencing the sector, affecting companies like TCS, Infosys, Wipro, and HCL Tech, according to experts.
Mint Markets·
BusinessThe Sensex and Nifty indices rebounded in early trade on Friday after two days of decline, driven by a rally in TCS and other IT stocks. Sensex rose 292 points to 71,876.10, and Nifty gained 84.60 points to 22,310.40. TCS surged over 4% after reporting a 15% net profit increase to Rs 13,884 crore. Other gainers included Infosys, ITC, HCL Tech, Tech Mahindra, Adani Ports, and HDFC Bank. Brent crude fell 1.11% to $103 per barrel. Foreign investors sold equities worth Rs 12,943.58 crore on Thursday.
Deccan Herald··Mumbai
PoliticsA 2.6-meter-tall statue of US President Donald Trump, naked and covered in 23-karat gold leaf, has been installed inside the European Parliament in Strasbourg, France. Titled 'The Orange Plague,' the sculpture by Danish artist Jens Galschiøt depicts Trump sitting on the shoulders of a smaller man, symbolizing the burden of political power on the less powerful. The artwork critiques Trump's impact on the environment, international cooperation, and justice.
TOI World··Strasbourg
PoliticsThe Congress party criticized Prime Minister Narendra Modi for not responding to the US government's visa restrictions targeting Indian IT professionals. Congress leader Jairam Ramesh accused Modi of being 'thoroughly compromised' and under pressure due to the 'GyaneshGate' controversy. He also highlighted that India has legal options to retaliate, such as the Digital Personal Data Protection Act, 2023, but the government has chosen not to act.
Deccan Herald··New Delhi
SportsNew Zealand's head coach Rob Walter announced replacements Blair Tickner and Josh Clarkson for the squad after the team suffered two injuries ahead of the T20 series against India. Walter expressed gratitude for being able to bring these players into the team as they prepare for the upcoming matches.
NDTV Cricket·
PoliticsThe Indian government has rejected claims by Rajya Sabha MP A.A. Rahim that biometric data of thousands of NEET-UG protestors were enrolled in national criminal databases. An affidavit from the Home Ministry and NCRB stated these sweeping allegations lack factual basis. The government emphasized that privacy and free speech violations must be proven with concrete evidence, and no unlawful biometric data collection or retention has been identified.
The Hindu··New Delhi
Mint Markets·
IT stocks are expected to stay in focus after TCS reported September-quarter results that slightly exceeded market expectations. Additionally, recent developments regarding the US H-1B visa program and green card policies are influencing the sector, affecting companies like TCS, Infosys, Wipro, and HCL Tech, according to experts.
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