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According to a report in legal news portal law360.com, the unanimous nine-member jury found in an Oakland, California court Wednesday that the TCS did not have a "pattern or practice" of intentionally discriminating against non-South Asian workers due to their race or national origin. A jury in California has rejected claims by former Tata Consultancy Services staffers that the IT services firm discriminated against non-Americans, Bloomberg reported. A federal jury in Oakland, California, on Wednesday, sided with TCS against four former employees, in a case that was among the first to go to trial in the US, the report said. HCL Technologies, Infosys and Wipro also face similar claims of being biased towards South Asian employees. “We have always maintained, the claims made in this case were baseless and we are gratified that the jury agreed. The success of TCS rests on the talents, expertise and deep industry knowledge of our employees, who help our customer...

At the Multi Commodity Exchange, copper for delivery in November declined by Rs 3.80, or 0.87 percent to Rs 431.05 per kg in business turnover of 1,512 lots. Copper prices moved down by 0.87 percent to Rs 431.05 per kg in futures trading as speculators booked profits amid easing demand from consuming industries in the spot market. However, firm trend overseas capped the fall. At the Multi Commodity Exchange, copper for delivery in November declined by Rs 3.80, or 0.87 percent to Rs 431.05 per kg in business turnover of 1,512 lots. Similarly, the metal for delivery in February was trading lower by Rs 3.70, or 0.84 percent to Rs 438.70 per kg in 529 lots. Analysts said besides profit-booking by participants, easing demand from consuming industries in the spot market mainly weighed on copper prices at futures trade here but a firm trend overseas capped the slide. Globally, copper for delivery in three-month climbed 0.4 percent to USD 6,225 a tonne, extending a 1.3 pe...

PG Electroplast spiked close to 17 percent in the morning trade which saw a spurt in volume by 1.54 times followed by Infibeam Avenues which jumped 9.46 percent The S&P BSE SmallCap index traded in the green on November 29 morning as stocks rose up to 20 percent. The top performer in the smallcap index was Hotel Leela which zoomed 20 percent after the company issued a clarification on news about a Thai firm's interest in the company. The company in this regard has informed the exchange that it is evaluating various offers to achieve maximum value adding that there is no binding contract with any investor. PG Electroplast spiked close to 17 percent in the morning trade which saw a spurt in volume by 1.54 times followed by Infibeam Avenues which jumped 9.46 percent. Infibeam outperformed the sector by 10.14 percent and it witnessed trend reversal as the stock gained after four days of consecutive fall. The volume rose 174.7 percent compared to 5-day aver...

At the Multi Commodity Exchange, lead for delivery in November fell by 90 paise or 0.66 percent to Rs 134.75 per kg in business turnover of 333 lots. Lead prices drifted lower by 0.66 percent to Rs 134.75 per kg in futures market Thursday as speculators cut bets, taking negative cues from spot market on muted demand. At the Multi Commodity Exchange, lead for delivery in November fell by 90 paise or 0.66 percent to Rs 134.75 per kg in business turnover of 333 lots. Likewise, the metal for delivery in December shed 75 paise, or 0.55 per cent to Rs 136.40 per kg in 42 lots. Analysts said off-loading of positions by participants owing to slackened demand from consuming industries in the physical market, mainly influenced lead prices at futures trade. Disclaimer:- The views and investment tips expressed by investment experts are their own. Ripples Advisory advises users to check with certified experts before taking any investment decisions. Best Share Market Ne...

Today, USD-INR pair is expected to quote in the range of 70.20 and 70.80, says Motilal Oswal. The Indian rupee extended its morning gains as it is trading at USD 69.96 per dollar mark. It gained past 70 mark for the first time since August 27. Rupee opened higher by 51 paise at 70.11 per dollar versus Wednesday's closing 70.62. It has appreciated by 6 percent from its all-time low of 74.48 per dollar. Rupee strengthened against the US dollar and extended gains in the latter half of the session ahead of the important preliminary GDP number that was released from the US. In the last couple of sessions rally in domestic equities is also supporting the rupee with FIIs also turning net buyers after remaining sellers in September and October, said Motilal Oswal. This month until now FIIs have poured in around USD 900 million of funds in equity and debt segment keeping the momentum positive for the currency. Today, USD-INR pair is expected to quote in the range o...

The Nifty rollover for December series stand at 48.62 percent so far, slightly lower than the 3-month average of 68 percent, ahead of expiry. Nifty50 has rallied by about 5.4 percent so far in November series and is on track to post highest gains since January series when the index rallied about 5.6 percent. But, talking specifically about the expiry day, historical data suggests that bears took control of D-Street in 7 out of the last 10 months. Last 10 months data of 2018 suggests that Nifty slipped in the red on 7 out of last 10 expiry days. The index saw a cut of 0.98 percent in October, followed by 0.77 percent fall on June expiry day, and 0.69 percent drop seen in September and March. The index rose by about 1.15 percent on May expiry day, followed by 0.45 gain seen in April and 0.32 upside recorded on July expiry day.  The Nifty rollover for December series stands at 48.62 percent so far, slightly lower than the 3-month average of 68 percent, ahead of e...

Spot gold was up 0.7 percent at $1,222.45 per ounce at 2:48 p.m. EST (1948 GMT) after rising as much as 1 percent to $1,226.24. Gold prices rose as much as 1 percent on Wednesday from two-week lows as the US dollar tumbled after Federal Reserve Chairman Jerome Powell indicated that interest rates were near normal, soothing investor worries over the pace of rate hikes. Palladium prices hit a record high at $1,186.30 per ounce. The dollar index, which measures the greenback against a basket of currencies, was down 0.6 percent after Powell said that while there was "a great deal to like" about US prospects, the Fed's gradual interest-rate hikes are meant to balance economic risks. He added that interest rates were 'just below' neutral estimates. "Powell's comments suggest that 2019 may be more of a wait-and-see approach and the assumption of any hikes may be premature," said Tai Wong, head of metals trading at BMO. Spot gold was up...