July 06, 2026 8:47 AM हिंदी

Business

TCS faces $70 million exceptional expense after setback in US legal dispute

IANS | June 16, 2026 11:43 AM

New Delhi, June 16 (IANS) IT services major Tata Consultancy Services (TCS) on Tuesday said it will make an additional provision of $70 million towards damages, interest and legal costs after the United States Supreme Court declined to review a lower court judgment in its long-running legal dispute with Computer Sciences Corporation (CSC) -- now known as DXC Technology.

SpaceX shares climb above $220, nears Microsoft in market capitalisation

IANS | June 16, 2026 10:55 AM

New Delhi, June 16 (IANS) Shares of Elon Musk-backed space and satellite company SpaceX continued their remarkable post-listing rally, with the stock trading above $220 in overnight trading and pushing the company's market capitalisation close to tech giant Microsoft, a market commentary platform said on Tuesday.

Centre hikes windfall tax on diesel, ATF exports

IANS | June 16, 2026 9:20 AM

New Delhi, June 16 (IANS) The government has raised windfall gains tax on diesel and aviation turbine fuel (ATF) exports, while keeping the levy on petrol unchanged for the fortnight starting Tuesday.

Foreign individuals can now invest directly in listed Indian firms under new RBI rules

IANS | June 15, 2026 10:00 PM

Mumbai, June 15 (IANS) The Reserve Bank of India (RBI) has allowed authorised dealer (AD) banks to open repatriable rupee accounts for overseas individuals investing in listed Indian companies, paving the way for broader foreign participation in the country's equity markets beyond Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs).

Gujarat farm relief outlay climbs to Rs 22,733 crore over decade

IANS | June 15, 2026 9:54 PM

Gandhinagar, June 15 (IANS) The Gujarat government has paid agricultural relief and compensation worth Rs 22,733 crore to more than 1.36 crore farmers affected by floods, unseasonal rain, drought, cyclones and soil erosion over the past decade, with the latest financial year accounting for the largest single payout on record.

India has ample fertiliser stocks to meet farmers’ needs for kharif season: Govt

IANS | June 15, 2026 8:49 PM

New Delhi, June 15 (IANS) There is ample stock of fertiliser available in India to meet the needs of the country’s farmers, as the country’s stocks are currently at around 195.79 LMT against a projected total requirement re-assessed by the Agriculture Ministry at 383.9 lakh metric tonnes (LMT) for the entire kharif season of 2026, the government said on Monday.

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