Shares of information technology (IT) major TCS traded nearly 4% lower on the National Stock Exchange (NSE) at Rs 2496 levels at 9:45am, after the company reported a revenue of Rs 27,165 crore for the quarter ended September 2015 as against a consensus Bloomberg estimate of 27,229 crore. By comparison, the CNX Nifty was trading 0.1% lower at 8,122 levels.

In US dollar terms, TCS's clocked a revenue of $4,156 million, a growth of 3% on q-o-q basis, but was lower than the Street's estimate of around 4% growth. This marks the fifth quarter in a row where TCS has missed revenue growth expectations.

Recognising India's strategic and economic importance in the Asia-Pacific region, the US and Australia have welcomed growing engagement and increased cooperation with New Delhi on a range of security issues, particularly counter-terrorism, maritime security, countering transnational crime and cyber policy.

"Both sides recognised India's strategic and economic importance in the Asia-Pacific region, and welcomed growing engagement and increased cooperation with India on a range of security issues, particularly counter-terrorism, maritime security, countering transnational crime and cyber policy," the two countries said in a joint statement at the conclusion of Australia-United States Ministerial (AUSMIN) consultations in Boston.

The much-anticipated 2015 Bajaj Avenger range is set to make its debut by the end of this month, as the company has started dispatching the first lot of the range to its dealers. In an interview with media recently, Mr Rajeev Bajaj, Managing Director of Bajaj Auto, revealed that there will be three new models in the 2015 Bajaj Avenger Range. Though he didn’t disclose the lineup, spy shots doing round on internet suggest that there will be two trims – Street and Cruise – powered by the same 220 DTS-i engine that does duty on the outgoing model. And unlike rumours, there may not be any 200cc engined model on sale.

Shrugging off strong macroeconomic data, the benchmark BSE Sensex fell for the second straight session today and settled nearly 58 points down at 26.846.53 as IT stocks continued slide on caution ahead of TCS results.

A weak trend in global markets after a data showed slump in Chinese imports, fuelling worries about the health of Asia's largest economy also weighed on the sentiments.

Mumbai: The Indian rupee on Tuesday closed 0.63% lower, its biggest one-day fall since 24 August, against the US dollar, tracking losses in the local equity and Asian currencies markets.

The home currency closed at 65.19, down 0.63% from its previous close of 64.75. The local unit opened at 64.89 per US dollar.

Like many others, I am curious to know what does P.S. Jayakumar want to do on his first day in office. The former managing director and chief executive officer (CEO) of VBHC Value Homes Pvt. Ltd, Jayakumar took over as managing director (MD) and CEO of Bank of Baroda (BoB), India’s second-largest lender by assets, on Tuesday. Jayakumar, 53, is one of the two bosses of state-owned banks hired from the private sector, the other being Rakesh Sharma of Lakshmi Vilas Bank who took over as MD and CEO of Canara Bank in September.

Beating expectations of the market, India’s second largest IT exporter Infosys reported robust numbers for the second quarter ended September 30, 2015.

Fuelled by strong client spending and large deal wins, the company clocked a net profit of Rs.3,398 crore, registering a growth of 9.8 per cent when compared with the same period a year-ago.

Following close on the heels of Infosys revealing a top quarter, IT major Tata Consultancy Services (TCS) is all set to announce its second quarter (Q2) earnings Tuesday evening. While Infosys did very well (http://fexp.in/IBh197190 ), market experts see around 9 per cent quarter-on-quarter (qoq) growth in TCS net profit figures for the quarter ended September 30, 2015.

For the first quarter ended June 30, 2015, TCS posted a consolidated net profit of Rs 5,484.12 crore, up 53.10 per cent, against Rs 3,712.67 crore in the sequential quarter ended March 2015. Gross sales of the company jumped 5.98 per cent quarter on quarter (qoq) to Rs 25,668.11 crore.

The sensational launch of Renault Kwid in India, priced at a starting Rs 2.57 lakh, and the eye-balls it has grabbed thereafter for its looks and other top features on offer, has forced rival automakers to offer discounts to make sure they stand their ground and maintain their market share.

India’s largest automaker, Maruti Suzuki has priced-in a large discount in its small car Alto 800 (discount range stretches up to Rs 35,000) and Hyundai is offering cut-price deals on Eon (discounts of up to Rs 37,000).

Indian community groups in the UK have launched a ‘Modi Express’ bus for a month-long tour around iconic landmarks here to mark Prime Minister Narendra Modi’s maiden visit to the country next month.

The bus, which was launched on Sunday, made its first stop at Ealing Road, Wembley also known as ‘Little India’, followed by Trafalgar Square to celebrate Diwali.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.