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Vol. I · No. 14Thursday, 8 October 2026 · Evening editionPrinted 5:04 PM IST

Frosty’s Ledger

All the news that’s free to read

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MarketsTap for chartsNifty 5022,231.80▼ 1.64%Sensex71,593.24▼ 1.44%Bank Nifty54,515.05▼ 0.98%USD/INR₹96.78▲ 0.43%Brent$105.04▲ 4.83%Gold$4,146▲ 0.13%S&P 5007,801.77▼ 0.22%US 10Y5.28%▲ 1 bp

Markets

TCS Q2 results: Net profit rises 15% to ₹13,884 crore, revenue up 11.2%

Consolidated revenue from operations rose 11.2% to ₹73,188 crore from ₹65,799 crore in the year-ago quarter, the company said…

BS·Mint·BusinessLine·NDTV Profit·ET5 papers

The Week Ahead

Times in IST
  1. Mon12OctIndia inflation (CPI)September figures · 4 PM ISTIN
  2. Wed14OctIndia wholesale prices (WPI)September figures · 12 noon ISTIN
  3. Wed14OctUS inflation (CPI)September figures · 6:00 PM ISTUS

The CFA & CA Lens

Today’s news, exam-style

CFA Level I

Financial Statement Analysis

Earnings & margins

In the newsTCS Q2 results: Net profit rises 15% to ₹13,884 crore, revenue up 11.2%

Results show whether a company is growing profits, not just sales. Margins show how much of each rupee of revenue survives as profit.

Exam angleGross margin → operating margin (EBIT) → net margin. EBITDA adds back depreciation and amortisation, which are non-cash expenses.

Alternative Investments

Oil prices & India's economy

In the newsRupee rises 10 paise to 96.65 against US dollar in early trade

India imports most of the oil it uses, so pricier crude widens the trade deficit, weakens the rupee and pushes up inflation, all at once.

Exam angleBackwardation (spot above futures) signals tight near-term supply; contango (futures above spot) signals plentiful supply and storage costs.

CA · ICAI

CA Inter · Corporate & Other Laws

Boards & independent directors

In the newsOla Electric sets ₹27 price for ₹1,000-crore rights issue

The board is accountable to shareholders for running the company. Independent directors are meant to protect minority shareholders when management and promoters disagree with them.

Exam angleSection 149 of the Companies Act: listed public companies need at least one-third independent directors on their board.

CA Inter · Taxation

TDS: tax deducted at source

In the newsTCS Q2 Results LIVE: TCS Q2 con. PAT up 15% y-o-y, GM Breweries sink post results

The payer deducts tax when making certain payments (salary, rent, fees, property purchases from NRIs) and deposits it with the government; the payee claims it as credit against their tax bill.

Exam angleMiss the deduction and the payer faces interest and can lose the deduction for that expense, on top of being treated as an assessee in default.

Markets

17 stories

Stock Market Close: Sensex tanks 1,045 pts, Nifty ends at 22,232 as oil tops $104; VIX jumps 10%

Sensex Today | Stock Market Highlights, Thursday: In the broader markets, the Nifty MidCap and the Nifty SmallCap fell 2.53 per cent and 2.34 per cent, respectively…

BS·BusinessLine

Stocks to Watch

PC Jeweller vs Senco Gold vs Kalyan Jewellers - Best jewellery stock to buy after Q2 business update? Experts decode

PC Jeweller vs Senco Gold vs Kalyan Jewellers: Jewellery players such as PC Jeweller, Senco Gold and Kalyan Jewellers have also announced their September quarter business updates, giving a sneak peak into how the companies performed during the quarter.

Mint·NDTV Profit

Post-demerger, Vedanta declares first interim dividend of ₹5 per share

Vedanta said the dividend follows strong second-quarter performance, with record quarterly and half-yearly production across key businesses including zinc, aluminium, ferro alloys and ports…

BS·BusinessLine

Economy & Policy

17 stories

Companies & Deals

17 stories

Direct fund transfers helped save govt ₹5 lakh crore from leakages, PM Modi says at India Mobile Congress | Here's how

At India Mobile Congress, PM Modi said Direct Benefit Transfer helped prevent nearly ₹5 lakh crore from going into leakages. He explained how direct transfers to beneficiaries’ bank accounts reduced the scope for funds being diverted under the old system.

Mint

World

15 stories

Technology

11 stories

UK motorists can now see live fuel prices on Google Maps

Move expected to make pump pricing more transparent and encourage competition after diesel hits record £2 a litre Drivers will be able to see live petrol prices on Google Maps for the first time from Thursday, in a move that will help motorists shop around for the…

Guardian

Opinion

3 stories

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