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The company’s year-on-year revenue from non-payment services surged as it continues diversifying offerings ahead of a reported public listing.

Seven NSE Midcap companies, including Torrent Power, JSW Infrastructure, Adani Total Gas, and SRF, reported low leverage with Debt-to-Equity ratios below 0.50 in FY25, reflecting stronger balance sheets, reduced financial risk, and stable long-term prospects.

Gold prices surged Rs 2,200 to hit a fresh peak of Rs 1,16,200 per 10 grams in the national capital on Monday buoyed by strong global cues as investors awaited key commentary from US Fed officials for policy direction.

Despite Sensex falling 466 points to 82,159 on Monday, nine BSE 200 stocks, including Adani Power, Muthoot Finance, Polycab India, and JSW Steel, surged to fresh 52-week highs, signaling bullish momentum and investor optimism.

TCS will announce Q2 results and consider a second interim dividend on October 9, with October 15 as record date. Shares slipped 3% amid Trump’s $100,000 H-1B visa fee shock, pressuring IT stocks.

Wall Street s main indexes opened lower on Monday after rallying to record highs in the previous session, while uncertainty around President Donald Trump s visa policies also dimmed sentiment.

The Indian rupee weakened following new U.S. visa regulations that impacted IT stocks. The rupee closed at 88.3075 against the dollar, a 0.2% decrease. Indian stock indexes also declined, with IT stocks particularly affected by the increased H-1B visa fees. Concerns over U.S. tariffs continue to pressure the rupee, while traders await insights from Federal Reserve speeches regarding potential U.S.

Even as India’s economy shows strong signs of resilience on the back of consumption, government spending, and support from the Reserve Bank of India, concerns around capital expenditure (capex) remain unresolved. Jahangir Aziz, a noted economist, believes the problem runs far deeper than short-term cyclical issues.

Swiggy shares fell 2.7% after JM Financial downgraded the stock to Reduce, citing a weakening balance sheet and rising competition in quick commerce. Despite revenue growth, cash reserves are declining, and Instamart faces expansion challenges. The brokerage advises a $500 million fundraise, with limited near-term upside for shareholders.

Indian IT stocks plunged up to 5% after Donald Trump hiked H-1B visa fees to $100,000, erasing Rs 82,600 crore market value. Analysts warn margin pressure, rising wages, and profitability risks could deepen challenges for software exporters.