Shares of Tata Consultancy Services (TCS) hit a fresh record high of Rs 2,875, up 5 per cent on the BSE in early morning deal on Thursday, after the company reported a healthy set of July-September quarter (Q2FY21) numbers that were above analysts' estimates.

The TCS board has also approved a buyback of Rs 16,000 crore to buy back 53.3 million shares at Rs 3,000 per share.

With a spike of 78,524 new cases and 971 deaths reported in the last 24 hours, India's COVID-19 tally crossed the 68-lakh mark on Thursday, as per the Ministry of Health and Family Welfare (MoHFW).

The COVID-19 count in the country stands at 68,35,656 including 9,02,425 active cases and 58,27,705 cured and discharged or migrated cases.

Claiming that they are innocent and being framed in a false case, the four accused in the Hathras incident have written to letter to the Uttar Pradesh Superintendent of Police.

The letter bears the thumb impression of the four accused, identified as Sandeep, Ramu, Lavkush and Ravi.

Maharashtra has become the first state to regulate the rates of face masks during COVID-19 pandemic as a committee formed to implement caps on the price of masks has submitted its recommendations to the state government and formal order will soon be issued.

The state govt had constituted a committee to give suggestions about regulating prices of Masks and Sanitisers.

Shares of Wipro surged 5 per cent at Rs 353, hitting a fresh over 20-year high on the BSE in the early morning trade on Thursday after the company said the board will consider a buyback proposal on Tuesday, October 13. The stock hit a record high of Rs 368 on February 22, 2020.

Wipro is the third information technology (IT) company after Tata Consultancy Services (TCS) and Majesco to consider share buyback. TCS on Wednesday announced Rs 16,000 crore buyback at Rs 3,000 per equity share.

Fashion retail brand H&M registered Rs 1,700 crore sales in 2019, 14 per cent higher year-on-year (YoY) from Rs 1,490 crore it had posted a year ago. Since its entry in 2015, the Swedish brand has managed to grow its business in India by double digits.

However, in 2019, its growth fell significantly from the previous year. In 2018, its top line had grown 43 per cent.

Tata Consultancy Services (TCS), the country’s largest IT services company, on Wednesday beat street expectations in its second-quarter (Q2) financials, led by a rebound in growth in key verticals and geographies.

The company’s consolidated revenues in Q2 rose 3 per cent on a year-on-year (y-o-y) basis at Rs 40,135 crore while they were higher 4.7 per cent quarter-on-quarter (q-o-q).

US President Donald Trump has been fever-free for more than four days now and all his vital signs remain stable and in normal range now, White House physician Dr Sean Conley said on Wednesday. The President this morning says I feel great!' His physical exam and vital signs, including oxygen saturation and respiratory rate, all remain stable and in normal range, Conley said in a memorandum.

Trump, 74, and First Lady Melania tested positive for COVID-19 Thursday night. The president was taken to a military hospital for treatment, which the White House said was taken as a matter of abundance caution.

With over a lakh testing on a single day, Karnataka registered a whopping 10,947 new cases, including 5,000 in Bengaluru on Tuesday, taking its Covid tally to 6,68,652 and active cases to 1,16,153.

With 9,832 patients discharged in the last 24 hours, 5,42,906 recovered till date across the southern state, while 9,574 succumbed to the infection, including 113 on Tuesday, said the state health bulletin on Wednesday.

The Covid-19 pandemic which resulted in a major economic contraction did not hamper the gains of India's richest as half of the nation’s 100 richest on the 2020 Forbes India Rich List saw there wealth grow by 14 per cent to $517.5 billion from a year ago. Reliance Industries Chairman Mukesh Ambani accounts for more than half of those gains and retains the title of India's richest man for the 13th year.

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