Finance -

Tenant claimed landlords withheld Rs 10 lakh security deposit and refused to vacate shop; Delhi High Court rules against him, orders payout for unauthorised stay

TazaPulseOctober 13, 2026

When the 2018 rent agreement expired in 2019, the landlords asked the tenant to vacate. (Image for representative purpose only) Whether as a tenant or as a landlord, a proper paper trail is important to avoid disputes in future, and even if they do arise to prove your claim. In a recent ruling, the court...

India’s economic story in fast lane, IMF projects 7% GDP growth for FY26 and FY27

TazaPulseOctober 13, 2026

India’s growth story remains strong India’s economy is expected to grow by 7% in both 2026 and 2027, according to the International Monetary Fund (IMF), keeping the country among the fastest-growing major economies despite growing uncertainties. Strong domestic demand, robust services activity and favourable demographic trends are expected to support this growth.The forecast comes amid...

At 5.5%, retail inflation hits 9-month high on food prices

TazaPulseOctober 13, 2026

NEW DELHI: Retail inflation based on the consumer price index (CPI) rose to a nine-month high of 5.5% in Sept (y-o-y) from 4.8% in Aug, on account of a surge in food prices, which strained household costs, National Statistics Office data released Monday showed. This was the first time that retail inflation crossed the 5%...

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Singapore offers a refuge from war and geopolitical turmoil: DBS CEO

TazaPulseOctober 13, 2026

SINGAPORE — Southeast Asia’s biggest bank by assets is making a pitch to investors that Singapore and its businesses can help them navigate many of the uncertainties around the globe. “I love it that the ‘Little Red Dot’ we all call home was open … predictable, and almost kind of boring,” said CEO of DBS...

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Finance minister urges steel makers to boost specialty’s output

TazaPulseOctober 13, 2026

NEW DELHI: Finance minister Nirmala Sitharaman on Monday urged domestic steel producers to focus on decarbonisation and boosting domestic production of specialty steel to reduce dependence on imports.Addressing the World Steel Association General Assembly here, the FM mentioned that govt has introduced the PLI scheme for specialty steel, with an approved outlay of Rs 6,300...

European car companies will prefer to make in India: Piyush Goyal

TazaPulseOctober 13, 2026

NEW DELHI: Commerce and industry minister Piyush Goyal Monday said European carmakers would prefer to manufacture in India, as producing vehicles there would be uncompetitive due to the region’s regulations.“Finally India is going to become the global hub for car manufacturing. Everybody is going to come and manufacture in India and with Europe having such...

HCLTech Q2 revenue up 2.2%, narrows FY27 guidance

TazaPulseOctober 13, 2026

MUMBAI: HCLTech’s dollar revenue rose to $3.7 billion in the Sept quarter, up 2% sequentially and 2.2% year-on-year. In constant currency terms, revenue grew 2.3% sequentially and 2.6% year on year. EBIT margin expanded 131 basis points sequentially and 71 basis points year-on-year to 18.2%.The company’s services business grew 3% sequentially, generating more than $100...

PERM certifications at 13 IT companies fell to 607 in 9 months from 1,670 in FY25

TazaPulseOctober 13, 2026

BENGALURU: IT firms had shrugged off concerns over their dependence on the US green-card route well before the US administration announced the suspension of PERM processing, with certified applications already declining sharply.Thirteen major IT services companies recorded 607 certified permanent labour certification (PERM) applications in the first nine months of FY26, compared with 1,670 in...

Centre, states to work on widening GST base

TazaPulseOctober 13, 2026

Union finance minister Nirmala Sitharaman with Jammu and Kashmir chief minister Omar Abdullah, Haryana chief minister Nayab Singh Saini, Karnataka chief minister DK Shivakumar, Delhi chief minister Rekha Gupta, state finance ministers and other dignitaries during the 57th Goods and Services Tax (GST) Council Meeting NEW DELHI: With GST rate rationalisation and procedural simplification out...

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The bull market just turned four after climbing a wall of worry

TazaPulseOctober 13, 2026

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City. Brendan Mcdermid | Reuters Happy birthday to the bull market, which just turned four. Monday marks the fourth anniversary of the current bull market, with the S&P 500 having climbed nearly 120% since its closing low on Oct. 12,...