Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies.

The company’s consolidated revenues in Q2 rose 3 per cent on a year-on-year (y-o-y) basis at Rs 40,135 crore while they were higher 4.7 per cent quarter-on-quarter (q-o-q).

US President Donald Trump has been fever-free for more than four days now and all his vital signs remain stable and in normal range now, White House physician Dr Sean Conley said on Wednesday. The President this morning says I feel great!' His physical exam and vital signs, including oxygen saturation and respiratory rate, all remain stable and in normal range, Conley said in a memorandum.

Trump, 74, and First Lady Melania tested positive for COVID-19 Thursday night. The president was taken to a military hospital for treatment, which the White House said was taken as a matter of abundance caution.

With over a lakh testing on a single day, Karnataka registered a whopping 10,947 new cases, including 5,000 in Bengaluru on Tuesday, taking its Covid tally to 6,68,652 and active cases to 1,16,153.

With 9,832 patients discharged in the last 24 hours, 5,42,906 recovered till date across the southern state, while 9,574 succumbed to the infection, including 113 on Tuesday, said the state health bulletin on Wednesday.

The Covid-19 pandemic which resulted in a major economic contraction did not hamper the gains of India's richest as half of the nation’s 100 richest on the 2020 Forbes India Rich List saw there wealth grow by 14 per cent to $517.5 billion from a year ago. Reliance Industries Chairman Mukesh Ambani accounts for more than half of those gains and retains the title of India's richest man for the 13th year.

The Trump administration has announced new restrictions on H-1B nonimmigrant visa programme which it said is aimed at protecting American workers, restoring integrity and to better guarantee that H-1B petitions are approved only for qualified beneficiaries and petitioners, a move which is likely to affect thousands of Indian IT professionals.

Shares of Reliance Industries (RIL) gained 3 per cent to Rs 2,287.50 on the BSE on Wednesday after the company said Abu Dhabi Investment Authority (ADIA) will invest Rs 5,512.50 crore into the company's subsidiary Reliance Retail Ventures (RRVL) for 1.2-per cent stake. RIL's stock had hit a record high of Rs 2,368.80, hit on September 16, 2020.

This is the seventh deal to be announced by the Mukesh Ambani-led firm in four weeks, stepping up its stake-sale process that has seen marquee investors back the firm so far.

Gold prices today remained stable at Rs 53,350 per 10 gm, while silver was trending at Rs 62,000 per kg, according to the Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

Shares of Bajaj Finance slipped 5.4 per cent to Rs 3,286 on the BSE in the morning deals on Wednesday after the non-bank finance company (NBFC) reported weak July-September quarter (Q2FY21) business figures. In the past one month, the stock has underperformed the market by falling 5 per cent, as compared to 3 per cent rise in the S&P BSE Sensex.

The company's assets under management (AUM) grew 13 per cent year on year (YoY) at approximately Rs 1.37 trillion as of Q2FY21 as compared to Rs 1.36 trillion as on Q2FY20. New loans declined sharply to 3.6 million from 6.5 million YoY and 5 million quarter-on-quarter (QoQ).

Seeking to unite the country behind him four weeks before the November 3 presidential poll, Democratic Party candidate Joe Biden on Tuesday said there is no place for hate in America and the country can have both law and order and racial justice.

There is no place for hate in America. It will be given no licence; it will be given no oxygen; it will be given no safe harbour, said Biden (77) during a speech at Gettysburg, Pennsylvania, where former US president Abraham Lincoln had delivered a historic speech in 1863.

The transaction auditor appointed to mortgage lender Dewan Housing Finance (DHFL) has discovered that certain agreements entered into by the lender at the time of selling its stake in Pramerica Life Insurance Company to DHFL Investments, as well as certain inter-corporate deposits (ICDs), were undervalued and of fraudulent nature.

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