Tata Consultancy Services is projected to reveal a slight increase in dollar-denominated revenue growth for the June quarter, outperforming the previous quarter. Supported by a weaker dollar against the pound and euro, revenue is expected to rise by 1.2%. However, rupee-term revenue growth may be slower due to rupee appreciation, with a modest net profit increase anticipated.
RBI relaxes rules on current, CC and OD accounts; threshold raised to ₹10 crore
The Reserve Bank of India has relaxed norms for business accounts. Customers can now open current, cash credit, and overdraft accounts more easily. The aggregate