Author: Staff Writer

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Corporate

TCS faces $70 mn change in DXC case

Tata Consultancy Services (TCS) will take an additional charge of $70 million after the US Supreme Court declined to review a legal dispute involving DXC Technology, bringing the company closer to the conclusion of a years-long court battle.

The latest development relates to a trade secrets and intellectual property case linked to TCS’s work for a US insurance software platform. The US Supreme Court’s decision not to hear the appeal effectively leaves lower court rulings in place, prompting TCS to make an additional financial provision.

In a regulatory filing, TCS said the charge will be reflected in its financial statements. The company maintained that it had strong legal grounds in the matter but acknowledged that the Supreme Court’s decision marked the end of available judicial remedies in the case.

The dispute dates back several years and centres on allegations concerning the misuse of proprietary information. While TCS has consistently denied wrongdoing, the litigation has continued through multiple levels of the US legal system.

For investors and employees, the announcement is primarily a financial issue rather than an operational one. Analysts noted that although the additional provision will have an impact on earnings, it is unlikely to materially affect TCS’s long-term business outlook given the company’s size, profitability and strong balance sheet.

The company remains one of India’s largest information technology services firms, serving clients across industries including banking, retail, manufacturing, healthcare and telecommunications. Market observers said the provision reflects a prudent accounting approach following the legal outcome.

The development comes at a time when global technology companies are facing increasing scrutiny over intellectual property rights, data handling and contractual obligations. Legal disputes involving technology and software assets have become more common as businesses rely heavily on proprietary platforms and digital systems.

Despite the setback, analysts expect TCS to remain focused on its core business operations, including digital transformation, cloud services, artificial intelligence and enterprise technology solutions.

Also Read: Schneider Electric and Foxconn forge AI infrastructure alliance

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Beyond

ISRO, DAE join hands to build 200-day Moon lander

India’s space programme is taking another ambitious step forward, with the Indian Space Research Organisation (ISRO) working on a new lunar lander designed to survive on the Moon for up to 200 days.

ISRO Chairman V. Narayanan said the space agency is collaborating with the Department of Atomic Energy (DAE) to develop technologies that will allow future spacecraft to function through the Moon’s harsh and prolonged nights.

Unlike Earth, a lunar night lasts about 14 Earth days and temperatures can plunge to nearly minus 180 degrees Celsius. These extreme conditions have posed a major challenge for space missions, as most landers and rovers are designed to operate only during the lunar daytime when solar power is available.

According to ISRO, the proposed lander will incorporate advanced power and thermal management systems to remain operational even when sunlight is unavailable. Scientists are exploring the use of nuclear-based energy solutions and other technologies that can keep critical systems functioning during extended periods of darkness and freezing temperatures.

The project builds on the success of India’s Chandrayaan missions, particularly Chandrayaan-3, which achieved a historic soft landing near the Moon’s south pole in 2023. While the Vikram lander and Pragyan rover exceeded their planned mission life, they were not designed to survive the extreme lunar night.

The mission is expected to help India gather valuable scientific data over a much longer period than previous lunar missions. A lander that can survive multiple lunar day-night cycles would allow scientists to study the Moon’s environment in greater detail and support future plans for sustained exploration.

The development is also aligned with India’s broader space ambitions, including plans for advanced lunar exploration, human spaceflight and participation in future international missions.

Also Read: Gold rises to ₹1,51,540, silver up to ₹2,65,100

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Beyond

Gold rises to ₹1,51,540, silver up to ₹2,65,100

Gold prices rose on Tuesday, with the yellow metal climbing to ₹1,51,540 per 10 grams in the national capital. Silver prices also advanced by ₹100 to ₹2,65,100 per kilogram, supported by strong investor interest and industrial demand.

According to the latest retail rates, 24-carat gold was quoted between ₹1.50 lakh and ₹1.51 lakh per 10 grams in major markets, while 22-carat gold traded in the range of ₹1.37 lakh to ₹1.38 lakh per 10 grams. Silver prices remained above ₹2.60 lakh per kilogram across key cities, reflecting continued strength in the precious metals market.

On Monday, gold prices had fallen to ₹1,49,070 per 10 grams, while silver was trading at ₹2,59,900 per kilogram. The rebound in both precious metals on Tuesday indicates renewed buying interest amid firm global cues and safe-haven demand.

Bullion prices have remained elevated amid ongoing geopolitical tensions, uncertainty over the global economic outlook and expectations regarding future interest rate decisions by major central banks. Investors have increasingly turned to gold as a safe-haven asset during periods of market volatility.

Market participants are closely watching signals from the US Federal Reserve and other central banks for clues on the future direction of monetary policy. Lower interest rates generally support gold prices by reducing the opportunity cost of holding non-yielding assets.

International gold prices also remained firm, supported by a softer US dollar and continued demand from investors seeking protection against economic and geopolitical risks.

Silver, meanwhile, has benefited from both investment demand and strong industrial consumption. The metal is widely used in solar panels, electronics and electric vehicles, helping maintain its appeal even as prices remain near record highs.

Bullion dealers said domestic prices are influenced by international market trends, currency movements, import costs and local demand from jewellers and investors. Despite elevated levels, demand for precious metals has remained resilient.

Analysts expect gold and silver prices to remain sensitive to developments in global financial markets, geopolitical events and central bank policy announcements. With both metals trading close to historic highs, the precious metals market remains in focus for investors, traders and consumers alike.

Also Read: Sensex rises over 350 points, Nifty climbs above 23,900

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Corporate

Sensex rises over 350 points, Nifty climbs above 23,900

Indian benchmark equity indices extended their winning streak for a third consecutive session on Tuesday. It opened with the BSE Sensex jumping over 350 points and the NSE Nifty50 closing above the 23,900 mark. The rally was driven by positive global cues, easing crude oil prices and improving investor sentiment following developments around a preliminary US-Iran peace framework.

Markets opened on a strong note and remained in positive territory throughout most of the trading session. The Sensex surged past the 76,500 level, while the Nifty stayed comfortably above 23,900, supported by buying in information technology, FMCG and financial stocks. Gains in these sectors helped the benchmarks maintain momentum despite some profit-taking in metals and select healthcare counters.

Among the top gainers, HCL Tech emerged as a key outperformer after announcing a strategic investment in AI startup Sarvam AI. Bajaj Finance also witnessed strong buying interest, while other IT and FMCG heavyweights contributed to the market’s advance. Investors continued to favour technology stocks amid expectations of stronger growth driven by digital transformation and artificial intelligence opportunities.

On the losing side, shares of General Insurance Corporation (GIC) remained under pressure after the government launched an offer for sale in the company. Metal stocks were among the laggards as softer global commodity prices weighed on sentiment, while select pharmaceutical counters also traded weak.

The broader market mood remained positive, aided by declining crude oil prices. Lower energy costs are viewed as beneficial for India’s inflation outlook, trade balance and corporate earnings. Investor confidence was also supported by improving foreign fund sentiment and measures aimed at strengthening the rupee and attracting overseas investments.

Sector-wise, information technology led the gains, followed by FMCG and financial stocks. In contrast, metals and healthcare underperformed the broader market.

Analysts said easing geopolitical tensions, softer crude prices and resilient domestic economic fundamentals continue to support risk appetite. However, they cautioned that investors will closely monitor global developments, oil price movements and foreign institutional investor flows for further market direction.

The latest advance marked the third straight day of gains for Dalal Street, reinforcing optimism that the ongoing recovery could continue in the near term.

Also Read: US restricts access to Anthropic’s advanced AI models

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Corporate

US restricts access to Anthropic’s advanced AI models

The US government has ordered AI company Anthropic to restrict access to some of its most advanced artificial intelligence models for foreign nationals, citing national security and export control concerns.

The move affects Anthropic’s newly launched Claude Fable 5 and Mythos models, which are among the company’s most powerful AI systems. Under the directive, access to the models has been suspended or limited for users outside the United States while the company works to comply with the new requirements.

US officials reportedly believe that highly capable AI systems could have strategic and security implications if they are widely available without restrictions. The measures are part of a broader effort by Washington to regulate advanced technologies that could potentially be used for military, intelligence or cyber-related purposes.

Anthropic confirmed that access to the affected models had been restricted following government instructions. The company said it is working closely with authorities to ensure compliance while assessing the impact on customers and developers who rely on its AI tools.

The decision has triggered debate within the technology industry. Critics argue that limiting access based on nationality could slow global research collaboration and create barriers for legitimate users. Supporters, however, say advanced AI technologies require stronger safeguards as their capabilities continue to grow.

The issue gained further attention after Anthropic published details about the security testing and safety evaluations conducted on its latest models. The company said the assessments were intended to identify risks and ensure the systems could be deployed responsibly.

Industry experts view the development as a sign that governments are taking a more active role in regulating cutting-edge AI technologies. The restrictions could also influence how other AI companies develop and distribute advanced models in the future.

The move comes amid increasing global competition in artificial intelligence, with governments seeking to balance innovation with security concerns. Analysts say the decision could set an important precedent for future controls on powerful AI systems.

Also Read: Sensex jumps 700 points, Nifty ends above 23,850

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Technology

Samsung showcases Micro RGB worldwide

Samsung Electronics has launched a worldwide promotional campaign for its new Micro RGB display technology, using giant digital billboards at some of the world’s most famous locations.

The campaign is being displayed in major cities including New York, London, Hong Kong and Seoul. Through the advertisements, Samsung is highlighting the capabilities of its next-generation display technology, which uses microscopic red, green and blue LEDs to create brighter images, richer colours and improved picture quality.

The company says Micro RGB technology is designed to offer a more immersive viewing experience and represents a significant step forward in premium display innovation. The campaign also features Samsung’s AI-powered image processing technology, which enhances colour accuracy and visual performance.

The global promotion follows Samsung’s recent expansion of its Micro RGB product lineup, including new large-screen television models. By taking the campaign to high-profile international landmarks, the company aims to build awareness of the technology among consumers and industry professionals.

Samsung views Micro RGB as a key part of its future growth strategy in the premium display market. The campaign is expected to continue through 2026 as the company seeks to strengthen its leadership in the global display industry and showcase the potential of its latest innovations.

Also Read: Razorpay files confidential papers for IPO

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Corporate

Razorpay files confidential papers for IPO

Indian fintech company Razorpay has taken a major step toward going public by filing confidential draft papers with the market regulator, the Securities and Exchange Board of India, for its proposed initial public offering (IPO).

According to reports, the company is planning to raise between ₹5,000 crore and ₹6,000 crore through the public issue. By choosing the confidential filing route, Razorpay can begin the regulatory review process without immediately disclosing detailed financial and business information to the public.

The confidential pre-filing mechanism, introduced by SEBI, allows companies to assess market conditions and regulatory feedback before publicly releasing their draft prospectus. This route has become increasingly popular among technology and start-up firms preparing for stock market listings.

Founded in 2014, Razorpay has emerged as one of India’s leading digital payments and financial services platforms. The company provides payment gateway solutions, banking services, payroll products and other financial technology offerings to businesses ranging from small merchants to large enterprises.

The proposed IPO is expected to include a combination of fresh issue of shares and an offer for sale by existing investors, although the final structure and size of the issue may change before the public launch. Detailed information about the offering is likely to be revealed once the company files its updated documents publicly.

Razorpay is backed by several prominent investors, including Peak XV Partners, along with other global venture capital and institutional investors. The company has been considered one of India’s most valuable fintech start-ups and has played a significant role in expanding digital payment adoption across the country.

Also Read: Pranav Adani announces scholarships, bicycles for IIM Calcutta

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Corporate

Jio enters WIPO Global Patent Top 20

Jio Platforms has entered the top 20 of the World Intellectual Property Organization’s (WIPO) Patent Cooperation Treaty (PCT) rankings for 2025, marking a major achievement for India’s technology sector. The company surged 320 places to rank 20th, becoming the only Indian firm on the global top-20 list.

The ranking places Jio alongside global technology leaders such as Huawei, Samsung, Qualcomm, Google, Apple and Microsoft. The achievement reflects the company’s growing focus on research, development and intellectual property creation.

Jio’s rise is particularly notable as global patent filings under the PCT system increased by less than 1% during the period. The rankings are based on international patent applications filed through WIPO’s PCT framework.

The company’s patent portfolio covers emerging technologies including 5G, 5G Advanced, 6G, artificial intelligence (AI), AI-native networks, cloud-native platforms, intelligent automation, edge computing and digital infrastructure.

As of March 31, 2026, Jio Platforms had filed 6,817 patent applications globally, including 2,393 in India and 4,424 overseas. It has also secured 1,009 granted patents worldwide.

The milestone highlights India’s growing capabilities in innovation and deep technology. Jio’s entry into the global top 20 underscores the increasing presence of Indian companies in the international intellectual property landscape.

Also Read: Gold price falls to ₹1,49,070, silver trades at ₹2,59,900

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Beyond

Gold price falls to ₹1,49,070, silver trades at ₹2,59,900

Gold prices eased slightly in the domestic bullion market on Monday, while silver also witnessed a marginal decline as investors remained cautious amid mixed global cues.

According to market data, gold prices fell by ₹10 to ₹1,49,070, while silver declined by ₹100 to trade at ₹2,59,900. The movement in prices was largely attributed to profit-booking after recent gains and subdued demand at elevated levels.

Bullion traders said gold prices remained near record highs despite the minor correction. Retail demand has been steady, but high prices have prompted many buyers to limit purchases to immediate requirements rather than making large investments.

Silver also continued to face selling pressure after a strong rally in recent weeks. Market participants noted that investors were booking profits, leading to a slight decline in prices. However, demand from industrial sectors continues to provide support to the white metal.

Across major cities, gold and silver prices remained largely stable with only marginal variations. Traders said the market is currently in a consolidation phase as investors await fresh triggers from global economic developments.

Internationally, precious metal prices are being influenced by movements in the US dollar, expectations regarding interest rate decisions by major central banks and ongoing geopolitical developments. A stronger dollar tends to make gold more expensive for overseas buyers, often limiting demand and putting pressure on prices.

Analysts said investors are closely monitoring inflation trends and global economic indicators for clues on future monetary policy. Any indication of interest rate cuts by major central banks could provide support to gold and silver prices in the coming months.

Despite the day’s decline, market experts remain positive on the long-term outlook for precious metals. Continued geopolitical uncertainties, central bank buying and the appeal of gold as a safe-haven asset are expected to support prices over the medium to long term.

Also Read: Sensex surges 1,100 points, Nifty reclaims 24,000

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Beyond

Avataar introduces indigenous AI video platform

Indian AI startup Avataar has launched Varya, which it describes as India’s first indigenous distilled AI video generation model, marking a significant step in the country’s efforts to build advanced artificial intelligence technologies locally.

The launch comes under the government-backed IndiaAI Mission, which aims to strengthen India’s AI ecosystem and reduce dependence on foreign-developed models.

Varya is designed to generate high-quality videos from text and image prompts while requiring significantly lower computing resources than conventional AI video models. Avataar says the model uses a “distillation” process, allowing it to deliver strong performance with greater efficiency and lower infrastructure costs.

According to the company, the technology can create realistic visual content for applications ranging from e-commerce and digital marketing to education and entertainment. The startup believes the model can help businesses produce video content more quickly and affordably while maintaining quality.

The launch is being seen as an important milestone for India’s AI ambitions, particularly at a time when countries and companies worldwide are racing to develop their own generative AI systems. Most leading AI video-generation models currently originate from the United States or China, making Varya a notable domestic alternative.

Avataar said the model has been developed using Indian research and engineering talent and aligns with the broader goal of building sovereign AI capabilities. The company also emphasised that efficient AI models are becoming increasingly important as organisations seek to balance performance with the high costs of computing infrastructure.

The IndiaAI Mission has been encouraging startups, researchers and technology firms to build foundational AI technologies within the country. Varya’s launch is one of the first major products to emerge from that ecosystem.

As demand for AI-generated content continues to grow, Avataar hopes its new model will enable Indian businesses and creators to access advanced video-generation technology while contributing to the development of a stronger domestic AI industry.

Also Read: Vedanta’s demerged businesses set for market debut