‘Not due to cyber attack’: TCS dismisses UK media report; reveals why Marks & Spencer didn’t renew contract

Tata Consultancy Services BENGALURU: TCS said that a report published in The Telegraph on Sunday, which claimed that Marks & Spencer did not renew its ‘$1-billion’ contract with the IT firm to manage its technology helpdesk, is “misleading”. “The report published by The Telegraph is misleading, with factual inaccuracies including the size of the contract…

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Festive sales: Premium gadgets dominate shopping bags after GST cuts; easy credit drives expensive purchases

This Diwali, consumers have shown growing enthusiasm for premium electronics, spending on costlier smartphones, large-screen TVs, and high-end home appliances. From Navratri through the festival of lights, sales of smartphones priced above Rs 30,000 reached an all-time high, while 43-inch televisions surpassed the long-favourite 32-inch models for the first time, according to industry analysts and…

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Six years after receiving salary arrears, retired employees were told to repay the entire amount – until this Supreme Court ruling changed everything

The Supreme has provided relief to five retired staff members from Odisha’s judiciary department who had received excess salary arrears by mistake. (AI image) Six years after five employees received salary arrears, they were asked to pay them back to their department. However, the Supreme Court ruled in their favour, striking down the demand. This…

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India-EU FTA push: Piyush Goyal to visit Brussels to boost negotiations; focus on market access, duties, IP rights

Piyush Goyal to visit Brussels to boost negotiations Union commerce and industry minister Piyush Goyal will visit Brussels on October 27-28 to hold high-level talks with Maros Sefcovic, executive vice-president and European commissioner for trade of the European Union, as both sides intensify efforts to finalise the India-EU Free Trade Agreement (FTA).The visit comes at…

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Income Tax department doubts Rs 10 lakh gift – brother gets tax notice for cash received from sisters; how he appealed & won the case

The brother’s success in the case stemmed from providing comprehensive documentary proof. (AI image) Gifts received from relatives and friends can sometimes land you in the income tax net. One such case was of a Mr. Maheshwari from Agra, who had to prove the genuineness of Rs 10 lakh received as cash from his sisters.According…

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Festive spirits surge: Alcoholic beverage market upbeat as season boosts sales; industry expects 10–20% rise Q4

India’s alcoholic beverage industry has seen strong sales during the festive season, with the premium spirits category driving growth, and expects an upswing of 10-20 per cent in the October-December period.As per news agency PTI, Radico Khaitan COO Amar Sinha said, “We have witnessed a highly encouraging festive season, with strong uptake across our premium…

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India-Asean ties: Malaysia backs swift trade pact with New Delhi; calls partnership a ‘force for stability’

File photo: Malaysian PM Anwar Ibrahim and PM Modi Malaysian Prime Minister Anwar Ibrahim on Sunday said that Asean’s partnership with India continues to be a “force for stability and mutual prosperity”, as both sides push to finalise the Asean–India Trade in Goods Agreement (AITIGA) by the end of this year.Speaking at the India–Asean annual…

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