A weaker quarter from Accenture and a cut in growth guidance have raised concerns about delayed client spending and slower deal momentum for Indian IT companies heading into FY27.
The Nifty IT index slumped over 6 per cent after Accenture lowered its FY26 growth forecast and reported weaker bookings, triggering a broad-based sell-off in Indian technology stocks led by Infosys and TCS.
The National Stock Exchange (NSE) filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Wednesday, June 17, according to official documents.
The Memorandum of Understanding (MoU) under the Government of India's scheme for replacement of old trucks and buses in the Delhi–NCR region was signed on Thursday between the Ministry of Road Transport and Highways (MoRTH) and Tata Motors.
The Government of India has assured citizens that fuel availability remains stable amid the evolving situation in West Asia, with refineries operating at high capacity and adequate stocks of petrol, diesel and LPG maintained across the country.
The combined market valuation of eight of the top 10 most valued firms jumped Rs 1,72,148.89 crore last week.
"Building on the progress achieved in earlier rounds and intersessional meetings, the negotiations covered a wide range of areas including Goods, Services and Mobility, Digital Trade, Rules of Origin, Legal and Institutional Provisions, Environment, Labour, and Gender, bringing greater understanding for convergence in the remaining provisions," the Ministry of Commerce and Industry said on Saturday.
Currently, India follows a four-slab GST system — 5 per cent, 12 per cent, 18 per cent and 28 per cent — along with an additional cess on sin and luxury goods.
The statement mentioned that the partnership is in line with the company's product diversification strategy which aims to make credit more accessible for consumers in a fast, seamless and digital manner.
At close, the Sensex fell 693.86 points, or 0.85%, to 81,306.85, while the Nifty dropped 213.65 points, or 0.85%, to 24,870.10. BSE Midcap and Smallcap indices also ended lower.
