Business
Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout
Tata Consultancy Services (TCS) experienced its steepest single-day decline since March 2020, plunging over 8% and erasing recent gains. Market experts attribute the sharp reversal to strong resistance near a key technical zone, triggering profit-booking and renewed selling pressure. Analysts are now watching critical support levels, concerned about the sustainability of any near-term recovery.
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Delhi fire tragedy: What India’s fire safety rules actually require
A devastating hotel fire in Delhi claimed 21 lives, highlighting India’s lax fire safety adherence. The National Building Code mandates stringent measures for building design, materials, and escape routes, especially for high-rises. Strict enforcement and regular drills are crucial to prevent future tragedies, as the code’s effectiveness hinges on implementation.
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TVK-led alliance allots Tamil Nadu Rajya Sabha seat to Congress
The Tamilaga Vettri Kazhagam-led alliance has allocated a Rajya Sabha seat from Tamil Nadu to its partner, the Indian National Congress. This decision comes ahead of the biennial elections scheduled for June 18. The Congress had previously requested the seat, which will now be filled by their nominated candidate.
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Ukraine strikes St Petersburg oil terminal as Russia reports bus attack killing 8 civilians
Ukraine launched deep drone strikes on St. Petersburg’s energy and military sites, including an oil terminal and naval base, just as Russia hosted its economic forum. This follows a deadly Russian barrage on Ukraine. Russia accused Ukraine of a separate bus strike killing eight. The escalating drone war sees both sides targeting infrastructure far from
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American software giant Intuit becomes S&P 500’s worst performer this year
Intuit, the software giant, faces a significant stock decline due to fears of AI-powered tax services challenging its TurboTax. Despite CEO Sasan Goodarzi’s strong defense of their AI strategy and a major workforce reduction to focus on ‘big bets,’ including AI integration, the company’s shares have plummeted.
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‘Punjab focused more on…’: Sachin Tendulkar explains PBKS’ downfall
Punjab Kings experienced a dramatic IPL 2026 collapse, losing six straight after a perfect start. Despite a strong coaching team, they missed playoffs. Sachin Tendulkar attributed Punjab’s downfall to a shift from process to results. He also lauded Gujarat Titans’ consistent performance, highlighting their ability to manage volatility throughout the season.
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Licensed for 6 rooms, running 25: Delhi hotel fire kills 21, including 17 foreigners
A devastating fire at a Delhi hotel claimed 21 lives, including 17 foreign nationals from countries like Liberia and Nigeria. The hotel, allegedly operating with 25 rooms despite permission for only six, has drawn criticism for alleged fire department response delays and government negligence.