Author: Staff Writer

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Corporate

TCS shares fall 2% despite strong Q4 performance

Shares of Tata Consultancy Services (TCS) fell around 2% after it announced its fourth-quarter results, even though the company reported steady growth.

For the March quarter, TCS posted a rise in profit and revenue compared to last year. The company also announced a final dividend, showing confidence in its financial health.

However, the market reaction was muted. Investors seemed more focused on future growth rather than past performance. Concerns about slower demand in key sectors, especially banking and financial services, weighed on sentiment.

Brokerage firms gave mixed views. Some remained positive, highlighting strong deal wins and a healthy order pipeline, which could support growth in the coming quarters. Others were more cautious, pointing to possible pressure on margins and slower growth ahead.

Another area of concern is the impact of artificial intelligence (AI). While AI offers long-term opportunities, it is also changing the way IT services are delivered, creating some uncertainty in the near term.

The weak sentiment was not limited to TCS. Shares of other IT companies also came under pressure, reflecting broader concerns in the sector.

Also Read: Instagram rolls out stricter safety rules for teens

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Corporate

Sensex jumps 900 points, Nifty tops 24,000

Indian stock markets rose sharply on April 10, recovering from the previous session’s losses.

The Sensex climbed over 900 points to close above 77,500, while the Nifty crossed the 24,000 mark. The strong rally was mainly driven by positive global signals and easing concerns around geopolitical tensions.

Markets were supported by reports of improving relations between the US and Iran, which led to a drop in crude oil prices. Lower oil prices are beneficial for India as they help reduce inflation and import costs.

Buying was seen across several sectors, especially auto, metals and banking stocks. Among the top gainers were Asian Paints, Mahindra & Mahindra, and Adani Ports, which helped push the indices higher.

However, not all stocks participated in the rally. Infosys, Reliance Industries, and TCS were among the major losers, facing selling pressure during the session.

Global markets also traded positively, which lifted investor sentiment. A stronger rupee and some return of foreign investor interest added to the gains.

Experts say the rise was partly due to bargain buying after the recent fall. Still, they caution that markets may remain volatile due to global uncertainties.

Also Read: Amazon CEO says chip business crosses $20 bn

Categories
Technology

Instagram rolls out stricter safety rules for teens

Instagram is introducing new safety features aimed at making the platform safer for teenagers.

With this update, all users under 18 will automatically be placed under stricter content settings. This means they will see only age-appropriate posts, similar to content rated suitable for teens.

The platform will now reduce exposure to posts that include violence, strong language, or adult themes. It will also limit interactions with accounts that regularly share such content.

Search results are being tightened as well. Teens won’t easily come across sensitive or harmful content, even if they try to search for it in different ways.

One of the biggest changes is that these safety settings cannot be turned off freely. Teens will need approval from parents to make any changes, giving families more say in how the app is used.

The update also introduces a “limited content” option, which applies even stricter filters for those who want extra protection.

Parent company Meta says the changes are based on feedback from parents and are part of a larger effort to improve safety for younger users.

The move comes at a time when social media platforms are facing growing pressure to better protect teenagers online, especially around issues like mental health and exposure to harmful content.

Also Read: World Bank raises India growth forecast to 6.6%

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Beyond

Bengaluru airport tests ‘face as passport’ travel system

Air travel could soon become much easier, as Bengaluru’s Kempegowda International Airport has tested a new system where passengers can use their face instead of showing documents.

In this trial, travellers moved through different airport checkpoints using facial recognition. Instead of showing a passport or boarding pass again and again, their identity was verified digitally. This made the process quicker and more convenient.

The system was tested across the entire journey, from check-in to boarding. Passengers could enter the airport, pass through security, and board their flight without needing physical documents at each step.

The project is being developed with support from airlines and global aviation bodies, and builds on India’s existing Digi Yatra system. While Digi Yatra is currently used for domestic flights, this new trial aims to bring similar convenience to international travel.

One of the key features of the system is data security. Passengers have control over their personal information, and it is only shared when needed. The process is designed to be safe as well as fast.

The biggest benefit of this technology is saving time. It can help reduce long queues at airports and make the travel experience smoother, especially during busy hours.

If rolled out widely, this system could change how people travel, making the entire process almost paperless.

Also Read: Amazon CEO says chip business crosses $20 bn

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Leaders

Amazon CEO says chip business crosses $20 bn

Amazon is seeing rapid growth in its technology business, with CEO Andy Jassy revealing that its chip division has now crossed an annual revenue run rate of $20 billion.

The milestone reflects how quickly demand for artificial intelligence (AI) is rising. Companies across industries are increasingly relying on cloud services and advanced computing power, which has boosted Amazon’s custom chip and infrastructure business.

A major part of this growth is being driven by Amazon Web Services, the company’s cloud arm. Its AI-related offerings are gaining traction as businesses look to build and run AI models more efficiently.

Amazon is also focusing on developing its own chips to reduce costs and improve performance. These in-house chips are designed to handle complex AI workloads and are becoming a key part of the company’s long-term strategy.

To support this expansion, Amazon plans to continue investing heavily in data centres and technology infrastructure. While the scale of spending is significant, the company maintains that it is necessary to keep up with growing demand and stay competitive in the AI space.

The announcement signals Amazon’s intent to strengthen its position against other global tech companies investing in similar technologies. It also highlights a shift in the company’s business model, with AI and cloud services playing a bigger role than ever before.

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Beyond

Rupee rises to 92.41, gains 10 paise vs dollar

The Indian rupee strengthened slightly on April 10, rising by 10 paise to trade at 92.41 against the US dollar in early market hours.

The currency had closed at 92.51 in the previous session and opened on a firmer note, supported by some positive domestic factors. Market participants said recent steps taken by the Reserve Bank of India (RBI), along with improved liquidity conditions, helped the rupee gain ground at the start of the day.

However, despite this early rise, experts remain cautious about the rupee’s outlook. Global factors continue to weigh on the currency, especially rising geopolitical tensions and uncertainty in international markets. These issues are making investors more careful and limiting strong movements in the rupee.

Another key factor affecting the rupee is crude oil prices. Since India imports a large portion of its oil needs, higher crude prices can increase demand for dollars, putting pressure on the rupee. This continues to remain a concern for traders.

In addition, recent regulatory measures by the RBI, including steps related to banks’ dollar positions, have influenced short-term movements in the currency.

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Beyond

Gold slips ₹10 to ₹1.51 lakh, silver falls ₹2,000

Gold and silver prices fell on Friday, April 10, 2026, due to weak global signals and cautious mood in the market.

Gold prices saw a small drop of about ₹10, trading near ₹1,51,470 per 10 grams in India. Silver prices, however, fell more sharply by around ₹2,000 per kilogram, trading close to ₹2.54–2.55 lakh per kg.

The fall in prices is mainly due to uncertainty in global markets. Ongoing geopolitical tensions and mixed economic signals have made investors cautious. This has reduced demand for precious metals in the short term.

On the Multi Commodity Exchange (MCX), both gold and silver opened lower, reflecting weak sentiment. Experts say that while gold is usually considered a safe investment during uncertain times, its price can still move up or down based on global factors like the US dollar, crude oil prices, and overall investor mood.

In Indian cities, prices of 24K, 22K, and 18K gold also saw slight declines. Silver prices followed the same trend across markets, giving some relief to buyers.

Analysts believe that the recent fall is also due to profit booking, as prices had risen earlier. Investors are now booking gains, which is adding pressure on prices.

Even though prices have fallen, experts say gold may remain strong in the long term because global risks and inflation concerns still exist. However, in the short term, prices may continue to fluctuate depending on international developments.

Also Read: Sensex jumps 820 points, Nifty above 24,050

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Corporate

Sensex jumps 820 points, Nifty above 24,050

Indian equity markets surged on Friday, with benchmark indices opening strong and sustaining gains through early trade. The Sensex rose around 820 points, while the Nifty 50 moved firmly above the 24,050 mark, supported by broad-based buying across key cyclical sectors.

The rally was led by strong performances in banking, financial services, and auto stocks. Eicher Motors, Axis Bank, Shriram Finance, Asian Paints, and Wipro were among the top gainers, drawing solid investor interest on expectations of steady domestic demand and continued credit growth. Infrastructure-linked stocks also contributed to the upward momentum, adding strength to the broader market rally.

On the losing side, IT and pharmaceutical heavyweights weighed on the indices. TCS, Infosys, HCL Technologies, Tech Mahindra, and Sun Pharma were among the major laggards, as selling pressure persisted in export-oriented sectors amid concerns over global demand trends and margin pressures.

Market breadth remained strongly positive, with advancing stocks significantly outnumbering decliners, highlighting widespread participation across segments. Midcap and smallcap indices also outperformed large caps, each gaining close to 1%, reflecting strong risk appetite among investors.

Sector-wise, autos, banking, financial services, FMCG, and infrastructure indices traded firmly in the green, while IT and pharma were the only notable sectors in the red. This divergence underscored a clear shift in momentum towards domestic cyclicals.

Also Read: IndiGo rises 11% on ceasefire, lower oil

Categories
Beyond

Vietnam joins emerging market ranks

Vietnam is set for a major milestone in its financial journey. Starting September 21, 2026, the country’s stock market will be upgraded from a frontier to a secondary emerging market by FTSE Russell, a leading global index provider. The decision follows recent reforms that make it easier for foreign investors to buy and sell Vietnamese stocks.

The upgrade will gradually include Vietnamese companies in FTSE’s global equity indices over the next year, ensuring the market can absorb new capital without sudden shocks. Analysts expect this change to bring billions of dollars in investment, boosting liquidity and strengthening the overall market.

Key reforms behind the upgrade include a global broker model allowing international investors to trade without local accounts, and the removal of a prefunding requirement, which previously made foreign investment cumbersome. About 32 large companies are likely to be included first, offering global investors exposure to Vietnam’s top industrial and financial firms.

Vietnam’s elevation puts it alongside larger Asian markets like India, China, and Indonesia, increasing its visibility and credibility on the global stage.

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Corporate

Sensex drops 931 points, Nifty slips below 23,800

India’s stock markets paused after a strong five-day rally, with the BSE Sensex falling 931 points (1.2%) to close at 76,632, and the Nifty 50 slipping 223 points (0.9%) to 23,775 on Thursday, 9 April 2026. The decline came amid profit-taking, rising crude oil prices, and renewed geopolitical uncertainty.

Among the top losers, HDFC Bank, ICICI Bank, Axis Bank, Reliance Industries, and State Bank of India saw sharp declines, reflecting concerns over higher fuel costs and global market volatility. Conversely, TCS, Infosys, Larsen & Toubro (L&T), and ONGC managed modest gains, offering some support to the indices.

Markets had surged earlier this week on optimism over a temporary ceasefire between the US and Iran and a fall in crude prices. However, oil prices rose again on Thursday, prompting investors to book profits. Foreign institutional investors also trimmed positions, adding to the selling pressure.

Sector-wise, banking and financial stocks were the biggest drag, while IT and energy stocks helped limit losses.

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