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Country's largest software services firm Tata Consultancy Services (TCS) on Tuesday reported its financial results largely in line with the expectations for the quarter ended September 30.

PM Narendra Modi's infrastructure splurge revives investment

But corporate spending is still tepid and federal revenues remain stressed, raising the risk of another false dawn for the country as it tries to recover momentum.

Gold discounts widen to three-month high; China demand tepid

In India, the second-biggest gold consumer, dealers were offering a discount of Rs 455.77 to Rs 716.21 an ounce to the global benchmark, compared to Rs 390.66 to 520.88 last week.

Five takeaways from TCS' second-quarter earnings

The IT firm's revenue growth missed forecasts, while volume growth met expectations. The TCS stock is likely to open stronger in Wednesday's trade reacting to largely positive quarterly data.

Raw sugar export subsidy ruled out till next month

The raw sugar market has been on tenterhooks for any sign India might renew export subsidies, which expired on September 30.

Wed Oct 14 09:21:07 IST 2015
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