New Reserve Bank of India lending rules increase funding costs for local proprietary traders. These changes require 100% collateral for bank guarantees, impacting domestic firms significantly. Foreign trading majors, however, can access cheaper overseas funding sources. This situation may allow foreign firms to capture a larger domestic market share. Domestic traders face a disadvantage compared to their well-capitalized international competitors.
TCS shares dip 2% ahead of Q1 earnings today. What can shareholders expect?
Tata Consultancy Services shares declined as the company prepares to announce its first-quarter results. Analysts anticipate modest profit growth and weak revenue momentum for the