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Indian shares returned to winning ways to test fresh highs on Thursday as traders cheered the cooler-than-expected US inflation report amid hopes the Federal Reserve could rein in prices without pushing the economy into recession.
The recruitment scandal at India’s largest software exporter Tata Consultancy Services (TCS) was a one-off code of conduct violation and not a “systemic failure”, said CEO and MD K Krithivasan, 58, adding that the incident was swiftly dealt with and has had no impact on relationships with clients.
The GST Council decided to levy 28% GST on online gaming where any kind of wagering is involved. The industry has criticised the decision saying it will hurt FDI and employment. Revenue secretary Sanjay Malhotra said there was a moral and social dimension to the decision.
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