Daily trending news …
Tata Consultancy Services (TCS) has lost its long-standing valuation premium over peers Infosys and HCLTech for the first time in nearly 14 years, according to The Communication. Once considered the benchmark for performance and pricing power in the IT industry, TCS is now trading at a lower earnings multiple than its closest competitors.
The Adani Group is making its entry into the Battery Energy Storage Systems (BESS) sector, announcing plans to construct India’s largest BESS facility and one of the world’s biggest single-site BESS installations. According to the company, the project is located in Khavda, Gujarat, and is slated for completion by March 2026.
HDFC Bank, India’s largest private sector lender, has cut its Marginal Cost of Funds-Based Lending Rate (MCLR) by 0.10%, effective November 7, 2025. The reduction is expected to lower EMIs on home loans, offering financial relief to both existing and new borrowers. HDFC Bank reviews its MCLR on the 7th of every month, and this month’s revision makes borrowing slightly cheaper across different loan
Nissan announced on Thursday that it is selling its Yokohama headquarters for 97 billion yen (USD 630 million) as part of its revival strategy. The automaker will lease back the building and continue using it as its headquarters, while recording 73.9 billion yen (USD 480 million) in gains from the sale to Tokyo-based real estate firm MJI Godo Kaisha.
Mahindra & Mahindra offloaded its entire 3.45% stake in RBL Bank for Rs.682 crore via a block deal at Rs.317/share (2.1% discount to Rs.324 close), yielding 64% returns on its Rs.417 crore July 2023 investment at Rs.197/share. The exit follows Emirates NBD’s $3B (Rs.26,853 Cr) 60% stake acquisition plan, approved by RBI. M&M shares climbed 1.5%, reflecting strategic treasury unwind as RBL surges 1
Bitcoin has wiped out its summer gains, plunging more than 20% from last month’s all time high and slipping below USD 100,000 for the first time since June. Heavy liquidations…
