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TCS Q2 Profit Jumps 15% to Rs 13,884 Crore on AI Revenue Surge
TCS Q2 FY27 net profit rises 15% to Rs 13,884 crore with revenue up 11%. AI revenue crosses $3.1 billion. Board approves Rs 12 dividend.
NSW Police Chief Loses Bid to Hide Protest Inquiry as October 19 Hearings Confirmed
NSW Police Commissioner Mal Lanyon’s attempt to hold closed-door hearings into the February anti-Herzog protest was rejected. Public examinations will begin October 19 with livestreaming of senior officers’ testimony.
Bank of America Falls 2.8% as Six Banks Warn on AI Shopping Fraud Risks
Bank of America and five major banks warn AI shopping agents risk fraud and scams. BAC stock falls 2.8% as banks call for tighter safeguards and disclosure rules.
German Inflation Hits 2.9% in August; Savers Seek Yields Above Rate
German inflation climbed to 2.9% in August. Savers can now find savings accounts paying 3.6% to 4.1%, beating the inflation rate and protecting purchasing power.
Bugatti CEO Rimac Says Petrol Supercars Will Dominate Luxury Market
Bugatti CEO Mate Rimac predicts petrol engines will dominate ultra-luxury supercars for decades, comparing the market to Swiss watchmaking. Bugatti Tourbillon sells out at AUD $6.7 million.
Oil Flows Through Strait of Hormuz Recover to Two-Thirds of Pre-War Levels, Goldman Sachs Says
Goldman Sachs said Thursday that oil flows through the Strait of Hormuz have recovered to roughly two-thirds of pre-war levels. Total Gulf exports of crude and oil products have climbed to 15 million to 16 million barrels per day. Goldman Sachs said the recovery is limiting the Iran war’s overall impact on global crude prices….
IT Stocks Rally: NIFTY IT Jumps 3% as TCS Gains 3.6%, Infosys 2.8% on Salesforce Boost
IT stocks staged a sharp rally on August 28, 2026, pushing the NIFTY IT index up around 3%. TCS shares gained 3.6%, while Infosys rose 2.8% as strong global technology cues lifted investor sentiment. The move came after strong results from Salesforce and Nvidia, which renewed optimism around software, AI and enterprise technology spending. The…
Scott Bessent Pushes Treasury Buybacks as Bond Vigilantes Challenge US Debt
Scott Bessent doubled Treasury’s long-term bond buyback program on August 19, 2026, raising the per-operation cap from $2 billion to at least $4 billion. The Treasury secretary told CNBC Thursday the size could climb even further. Yields fell sharply on the news, with the 10-year note dropping 5.7 basis points to 4.647%. Bessent’s move directly…
Porsche Quits VW Emissions Pool, Teams With XPeng for 2026-2027
Porsche exits Volkswagen’s emissions pool to partner with XPeng for 2026-2027, offsetting higher CO2 from petrol models with Chinese EV maker’s zero-emission vehicles.