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Business News Today: Latest Business News, Finance News

Markets’ dilemma: Trust the bark or wag of oil prices The sector call illusion Bandu’s Blockbusters For April 12, 2026 Mastering Derivatives: Does Lag Impact Effectiveness Of OI? Who Am I? 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Here’s what to know US, Iran set for peace talks but doubts emerge over Lebanon, sanctions Cotton Association revises output estimates for 2025-26 up at 324 lakh bales of 170 kg each Orbicular gets USFDA’s tentative nod for generic Semaglutide Injection in partnership with Apotex Malls, high-streets in NCR clock 45% rise in leasing of retail spaces in Jan-Mar: C&W FIIs pull ₹28,375 crore in five sessions; domestic buyers cushion fall as indices post best week in months Nifty and Bank Nifty Prediction for the week 13 Apr’26 to 17 Apr’26 by BL GURU Proposed Trump arch in Washington DC includes winged figure, eagles, lions and gold inscriptions 'Ladakh' replaces 'Jammu and Kashmir' in Aadhaar records for UT residents Misri ends US trip with focus on civil nuclear cooperation and LPG exports Artemis II astronauts return to Earth after historic lunar flyby and Pacific splashdown US-Iran peace talks in Pakistan: What will be discussed? 5paisa Capital's ₹469 crore rights issue oversubscribed 1.24 times Shriram Finance’s credit rating climbs after MUFG investment SEBI chief reaffirms open-door policy for global capital Reliance seeks government approval to buy Iranian crude oil US Vice President Vance arrives in Pakistan for crucial peace talks with Iran EU condemns ‘illegal’ Israeli expansion: 30 new West Bank settlements spark global outcry US intelligence indicates China preparing weapons shipment to Iran Agtech marketing in the age of regional content and creator communities Rajnath Singh, Nitin Gadkari to join 3-day agri event at Shivraj’s home turf, inaugurated today How agripreneurship will drive improved rural livelihoods in India World’s largest tur producer, yet an importer: A self-sufficiency puzzle unfolding on ground Ethanol in diesel generators: India’s next practical step towards energy security How sustainable sourcing can unlock value in India’s agri-value chains SEBI launches three new IT platforms to transform regulatory landscape India allows Iranian oil tankers to berth at Sikka port under special exemption US expected to extend waiver for Russian oil imports amid global energy price concerns India, Japan discuss Strait of Hormuz security Editorial. 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Govt defers power plant maintenance for three months; ready for summer demand Tractor sales cross 10 lakh mark in FY26 on strong rural demand, GST cut Sharp fall in prices hit gold ETF inflows in March Kerala’s mandate at crossroads as social welfare meets job demand and upward mobility Invoices financed on RXIL’s platform jumps 51% to ₹1,21,105 cr in FY26 India to continue buying Russian crude oil BJP unveils Bengal manifesto, pledges to implement Uniform Civil Code, measures against infiltration Sun Pharma shares down 4 per cent on reports of overtures for US-based Organon India’s textile and garments exports to the US declined 28.7% in February 2026 NDA promises mega textile hub near Tiruppur; Goyal bats for Edapaddi K Palaniswami leadership Civic issues at the heart of T Nagar’s knife-edge poll battle Why India’s ₹5 pack won’t disappear, but getting smaller Political climate gets Madurai temperatures soaring Rajive Kumaraswami to be MD and CEO of Chola MS General Insurance West Asia conflict: LPG usage at 21-month low in March Greenlight open market buybacks, but stay cautious TCS shares down 3.2% despite Q4 profit growth and deal wins SEBI uncovers ₹2,950-crore Ponzi-like network, fines Trdez ₹1 crore SIP inflows hit record high in March despite market turbulence RBI unveils medium-term strategy framework ‘Utkarsh 2029’ Unfortunate fallout of cyber crime investigations Fintechs bet big on digital FDs, eye larger share of retail savings RBI proposes ₹1 Lakh crore asset threshold for NBFC Upper Layer classification India comfortable on crude and LPG supply on diversified sourcing, says IOC chairman E-way bill generation surged all time high of over 14 crore in March Vingroup plans 60,000 EV fleet as part of $6.5 billion Maharashtra push Cotton prices firm up tracking global prices Corn prices poised to fall on Iran-US ceasefire pact TVS Srichakra assumes US sponsorship rights to boost global brand visibility Vedanta Aluminium signs pact with two downstream companies Broker’s call: JM Financial (Buy) Shapoorji Pallonji group reiterates call for public listing of Tata Sons TCS Q4 results: Staying in purgatory for a while Letters to the Editor dated April 9, 2026 Systematix Private Wealth aims ₹40,000-crore AUM in five years Indian govt hikes NBS fertilizer rates for kharif season by up to 21% to ₹41,533.81 crore LIC board meets today to consider maiden bonus issue Rupee seen sliding to 100 per Dollar as Oil prices surge Here’s everything you need to know about upcoming Assembly Elections 2026 Judging and backing early winners Nifty & Bank Nifty இந்த வாரம் (30 Mar’26 to 03 Apr’26) என்ன ஆகும்? எங்கு செல்லும்? 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National Human Rights Commission calls for Action Taken Report on TCS Nashik case
By BL Mumbai Bureau · 2026-04-17 · via Business News Today: Latest Business News, Finance News
Accused Raza Memon and Shafi Sheikh, arrested in connection with the alleged Nashik TCS religious conversion and sexual harassment case, being produced in court, in Nashik on Thursday

Accused Raza Memon and Shafi Sheikh, arrested in connection with the alleged Nashik TCS religious conversion and sexual harassment case, being produced in court, in Nashik on Thursday | Photo Credit: ANI

National Human Rights Commission (NHRC) directed the Director General of Police (DGP), Maharashtra, to submit an action taken report (ATR) regarding the alleged sexual assault and religious coercion case linked to Tata Consultancy Services’ (TCS) Nashik office.

“The Bench of the NHRC, presided by Priyank Kanoongo, Member, has taken cognizance under Section 12 of the Protection of Human Rights Act, 1993, in the matter. The Registry is directed to issue a notice to DGP, Maharashtra, Mumbai, the Commissioner of Police, Nashik, Maharashtra, the Labour Commissioner, Govt. of Maharashtra, Mumbai and the CEO & MD, Tata Consultancy Services, Mumbai, with directions to get the allegations made in the complaint inquired into,” said the NHRC in its letter to officials.

Details List

The human rights body asked for the report within seven days with details like the names of the accused in the registered FIRs in the matter, and whether the in-charge head of the operations at TCS is accused in the registered FIRs. Further, it asked the Labour Commissioner to submit details of all TCS branches in India, including consultancy services, BPOs, subsidiary and sister companies etc. and registration/licence details under relevant labour laws.

Similarly, it asked the CEO & MD of TCS to provide details of the company POSH Committee, including the criteria for being a member, statements of committee members, and activities of the committee over the last three years. The company must also provide copies of complaints received in the last three years, including complaints filed by victims and action taken.

‘Critical Failure’

The case was brought to the NHRC’s notice after the Legal Rights Observatory wrote to it highlighting an alleged “organised racket involving religious conversion and sexual exploitation” within TCS, Nashik. The complaint also claimed that top-level HR executives were aware of such activities and actively shielded the accused.

In a statement, K. Krithivasan, CEO and MD, TCS said, ‘ “We would also like to put certain facts on record: Nida Khan, who is being repeatedly mentioned in the press as HR manager of TCS, is neither a HR manager nor responsible for recruitment. She served as a process associate and did not hold any leadership responsibilities.”

Further, TCS clarified that a preliminary review of its systems and records pertaining to the Nashik unit showed that the company has not received any complaints of the alleged nature on either company ethics or POSH channels.

Further, the Observatory called the incident a “critical failure in corporate governance”, alleging that “Vishakha Guidelines” (Internal Complaints Committee) compliance officers were not assigned at the Nasik branch. Accordingly, it requested the NHRC to investigate the non-compliance with Vishakha Guidelines and suggest a policy expansion to cover religious harassment and forced conversion at the workplace.

Published on April 17, 2026