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Nykaa shares rise 4% as Q2 FY27 update points to strong growth across beauty, fashion
Nykaa parent FSN E-Commerce Ventures shares rose after the company indicated strong Q2 FY27 growth momentum across Beauty and Fashion. Consolidated GMV is expected to grow in the high 20s, while NSV and net revenue growth are projected in the early and high 20s, respectively.
Niftys ailing warhorse HDFC Bank gets an all-rounder CEO. Can Anup Bagchi make the elephant dance?
Anup Bagchi takes charge as HDFC Banks new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence.
Nykaa stock jumps 4% after strong Q2 revenue update; fashion vertical leads growth
By 10.45 AM, traded volume had already reached 81.66 lakh shares worth 277.20 crore, indicating heavy interest from market participants
Indian founder shared a video of his three bedroom Airbnb in Barcelona after the one week stay cost him Rs 3.5 lakh. His walkthrough of the apartment, paired with his comments on cost of living in Europe, sparked a debate online, with several users questioning the comparison he drew with India.
BSNL pay scale freeze: why employees are threatening a strike
Employees want the government to relax the affordability rule for salary revision, while BSNLs losses keep the proposal on hold
RBI MPC begins 3-day meeting today amid expectations of first rate hike since 2023
The Reserve Bank of India's Monetary Policy Committee is meeting to discuss potential interest rate hikes. Inflationary pressures and external factors are leading to anticipation of a rate increase. Analysts expect a 25 basis points hike in the upcoming policy announcement. This decision aligns with current inflation trends and economic forecasts for the country. The market is closely monitoring these developments as they will impact future economic stability.
France-based Schneider Electric is in advanced talks to acquire US software company PTC for nearly $20 billion. The deal would be Schneiders largest acquisition, strengthening its industrial software portfolio as it expands through acquisitions and benefits from the AI data centre boom.
Double Trouble at the Dinner Table: When will food prices normalise for Indians
Indias food inflation: Food prices are rising unevenly, impacting household budgets, while inflation is projected to persist in upcoming months. Economists expect food inflation to reach up to 7% in the near future due to various factors. Weather risks, particularly from El Nio, could significantly affect crop yields and consequently food prices. Additionally, global events in West Asia contribute to higher energy and logistic costs.
V2 Retail shares fell 20% despite a 28.4% year-on-year rise in Q2 FY27 revenue to Rs 905 crore, driven by continued store expansion. Same-store sales growth stood at 0.5% on a festival-normalised basis but declined 14.9% on a calendar basis due to the shift in Navratri and Durga Puja. The company expects stronger demand in Q3.
India and the US are currently negotiating a trade agreement aimed at expanding market access and addressing trade balance concerns. Finance Minister Nirmala Sitharaman mentioned that both sides appear to have reached a plateau in negotiations. She indicated that further concessions may be challenging following rigorous discussions. Despite this, she believes there could be opportunities for additional negotiations. The US is particularly focused on reducing its trade deficit with India.
Tech Picks: Cyient among 5 stocks to buy for up to 11% returns in short term
Recent market dynamics have created continued selling pressure, adversely affecting stock performance over the past few weeks. Experts believe upcoming trends in the energy sector will heavily sway market sentiment. Stocks like Cyient, Siemens Energy, and Schneider Electric are highlighted as having notable return potential, each accompanied by specific buy levels and target prices for investors. Careful evaluation of personal strategies and market insights is highly recommended.
Marico sees double-digit revenue growth in second quarter
Marico expects double-digit Q2 revenue growth after solid domestic demand, strong premium hair oils, and double-digit India volumes, with international gains
Anand Rathi Wealth among 4 F&O stocks seeing a sharp rise in futures open interest
Four F&O stocks saw a sharp rise in futures open interest, led by Anand Rathi Wealth, which recorded a 141.73% jump as of October 1.
Yes Bank shares rise 3% after Q2 business update shows loans surging 24% YoY, deposits up 20%
Yes Bank shares rose after the lender reported a 23.8% YoY growth in loans and advances to around Rs 3.1 lakh crore in Q2 FY27. Deposits also grew nearly 20% YoY, signalling continued business momentum.
HDFC Bank shares in focus after appointing Anup Bagchi as new CEO, Q2 biz update. Buy, sell or hold?
HDFC Bank shares will be in focus after Anup Bagchi was appointed as the banks new MD & CEO, ending months of uncertainty over its top leadership. Brokerages Jefferies, Morgan Stanley and Citi retained positive ratings on the stock, citing clarity on succession and potential for a re-rating. The bank also reported strong loan and deposit growth in Q2.
Siemens Energy among 5 stocks showing RSI Trending Up
The scan identifies stocks where the RSI value has crossed above 50 from below, signalling strengthening momentum.
Runwal Enterprises shares to list today; check GMP and key details ahead of debut
Runwal Enterprises shares are set to list on the BSE and NSE with a zero GMP, indicating expectations of a flat debut near the IPO price of Rs 305. The Rs 500-crore IPO, entirely a fresh issue, was subscribed 2.64 times, led by QIB and NII demand at 4.10 times and 4.14 times, respectively, while the retail portion was subscribed 1.19 times.
German Green Steel shares to list today. Check GMP ahead of debut
German Green Steel & Power is set to debut on the BSE and NSE after its Rs 303.90 crore IPO was subscribed 30.42 times. With a 7% GMP, shares may list around Rs 149, while strong FY26 revenue and profit growth support investor interest.
HDFC Life Share Price Live Updates: HDFC Life's Market Update
CCL Products among 3 stocks that closed crossing above VWAP
Three Nifty 500 stocks closed more than 2% above their VWAP on October 1, signaling stronger-than-average price performance amid volume-weighted trading activity, according to StockEdges technical scan data.
Augmont Enterprises among 3 stocks showing White Marubozu Pattern
On October 1, three stocks valued above Rs 10,000 crore appeared on StockEdges White Marubozu bullish scanner, signaling strong upward price momentum with little or no intraday reversal.
Four SME IPOs, including Bench Mark Infotech Services, Himalayan Solar, Dudani Retail, and Sai Urja Indo Ventures, will list on the BSE and NSE SME platforms today after collectively raising Rs 146 crore. Bench Mark Infotech Services saw the highest demand, achieving over 100 times total subscription.
Bajaj Finance Share Price Live Updates: Bajaj Finance Experiences Positive Price Breakout
SBI Life Share Price Live Updates: SBI Life's Positive Trend Above 20-Day SMA
TCS, Infosys and other IT stocks in focus after Accenture Q4 revenue, outlook beat estimates
Indian IT stocks including TCS and Infosys are in focus following Accenture's strong Q4 results and above-estimate revenue guidance. While the outlook signals potential recovery in discretionary technology spending, analysts warn that Indian IT firms may still report their weakest Q2 growth in three years amid AI-led pricing pressures.
Apollo Hospital Share Price Live Updates: Apollo Hospital faces negative returns in the last month
Adani Ports SEZ Share Price Live Updates: Adani Ports SEZ Shows Positive Momentum Above 20-Day SMA
M&M Share Price Live Updates: M&M's Stock Price Hits New Low
Infosys Share Price Live Updates: Infosys Moves Past 20-Day SMA
Bajaj Auto Share Price Live Updates: Bajaj Auto's six-month beta reflects stability
Coal India Share Price Live Updates: Coal India Ltd Exceeds 100-Day EMA Mark
Orient Cables shares to list today; GMP signals 45% premium over issue price
The Rs 552-crore Orient Cables IPO was a book-built issue comprising a fresh issue of 1.18 crore shares worth Rs 320 crore and an offer for sale (OFS) of 85.29 lakh shares worth Rs 232 crore.
AceVector shares to list today; Check GMP ahead of debut
The Rs 420-crore public issue was priced in the range of Rs 3032 per share, with the upper end of the price band at Rs 32. The issue comprised a fresh issue of 8.97 crore shares aggregating to Rs 287 crore and an offer for sale (OFS) of 4.16 crore shares worth Rs 133 crore.
Vishal Nirmiti IPO Day 3: GMP at 9%; Check subscription, key details and analyst view
In the grey market, the IPO is currently commanding a premium of Rs 20, or 9.09%, over the upper end of its price band, indicating expectations of a premium listing.
Markets bet on RBI rate hike as inflation pressure builds
As inflation concerns rise, investors are putting their faith in the Reserve Bank of India to implement an interest rate hike. A survey reveals that nearly 60% of economists believe a 25-basis-point increase is likely at the coming policy meeting. With an eye on foreign investment, expectations are growing for a tightening cycle to kick off in October, setting the stage for how future capital flows will be managed.
Nifty under pressure after 8-week losing streak, but technical rebound may be near
Nifty has dipped significantly, nearing a critical support range of 22,000 to 22,600, catching the attention of traders looking for a potential technical rebound in the oversold market. Analysts recommend buying Indian Hotel and Mankind Pharma stocks, highlighting ambitious targets and stop-loss settings. Conversely, caution is warranted for IOC and Torrent Pharma, which display signs of decline. The market strategy appears optimistic for October, tapping into seasonal recovery prospects.
Negative Breakout: These 7 stocks cross below their 200 DMAs
The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.
These stocks defy market volatility, extend rally beyond US-Iran ceasefire
The US-Iran war, which commenced on February 27, caused significant volatility in the equity markets, impacting key benchmarks. By October, the Nifty 50 index exhibited a dramatic shift, rising from 22,421 to 25,178. Midcaps and smallcaps mirrored this pattern amid the turmoil. Interestingly, certain stocks across various sectors maintained stable growth even post-ceasefire, showcasing remarkable resilience despite the market fluctuations.
Nippon Paint to acquire AkzoNobels Southeast Asian decorative paints business for $1.35 billion
AkzoNobel expects about $1 billion in net cash proceeds after tax and payments to minority partners from the proposed transaction.
Blockbuster Accenture show holds out hope for battered Indian IT
Accenture's latest financial performance has sparked renewed optimism among investors in the Indian IT sector. The strong results hint at a revival in client discretionary spending. Analysts underscore the need for Indian IT firms to enhance their artificial intelligence capabilities to successfully tackle upcoming challenges. Accenture's forecast suggests improved market conditions and steady margins, painting a picture of a resilient industry.
Accenture to return less to shareholders as acquisition spending rises
Accentures capital-allocation decisions matter to Indian IT services firms, which tend to track the companys strategy. Local IT services firms also returned less to shareholders last fiscal.
Greenko founders-backed AM Intelligence orders 20,000 Nvidia GPUs in $4 billion deal
Greenko-backed AM Intelligence has committed $4 billion to buy 20,000 Nvidia Vera Rubin GPUs, targeting 70 MW of new AI compute capacity in India and Malaysia.
Largecaps bear brunt of selloff as 84% of Nifty 50 stocks slip below 200-DMA
The Indian stock market is facing notable turmoil, with a pronounced selloff impacting major players like Tata Motors and Infosys. Currently, a staggering 84% of Nifty 50 stocks are underperforming their 200-day moving averages. In contrast, smaller stocks are showing notable strength, as many in the Nifty 500 outstrip established blue-chip firms.
Taylor Swift-Travis Kelce wedding: Paul McCartney confirmed he performed his group's 1963 track I Want to Hold Your Hand after the Shake It Off hitmaker tied the knot with Travis Kelce at New York's Madison Square Garden in July.
Govt scrambles to resolve Mumbai airport Terminal-1 shift
The ministry's meeting is scheduled just two hours before a 4 pm deadline set by Adani-owned Mumbai International Airport Ltd, which operates CSMIA, for airlines to identify the international departure slots they are willing to temporarily discontinue and shift to Navi Mumbai's NMIA.
38 years after Ahmedabad crash, Air India seeks fast hearing on compensation formula
The outcome could shape how compensation is determined in future air-crash cases, with victims arguing that awards should reflect actual economic loss, including income and future earning capacity, as well as inflation.
GST 2.0 set to amplify ease, unlock tax credit
India is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the release of accumulated input tax credit that benefits various industries and supports growth. The GST Council plans to reconsider tax treatment for certain supplier defaults to protect genuine buyers.
Stocks in news: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc and RVNL
Indian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 points, while the BSE Sensex decreased by 570.59 points. Key companies like HDFC Bank and Infosys made significant corporate announcements amidst these market conditions. HDFC Bank appointed a new Managing Director and CEO following regulatory approval.
D-Street poised for a positive start as GIFT Nifty trades firmly higher
The Nifty index continues to decline, marking its eighth consecutive week of losses due to market pressures. Analysts predict that the combination of foreign selling and rising bond yields will affect sentiment negatively. The Indian rupee has also weakened, contributing to ongoing market challenges faced by investors. Importantly, the 200-Week EMA remains a critical level for potential recovery or further decline.
September IPO rush draws $1 billion FPI money even as listed stocks see record outflows
In September, Foreign Portfolio Investors actively participated in the Indian primary market by investing $1 billion. Simultaneously, they offloaded $4.8 billion worth of equities from the secondary market. A total of 96 IPOs have launched in 2026, with 34 occurring in September alone. The expected future launch of the Jio Platforms IPO may influence upcoming primary market dynamics.
RBI likely to hike repo rate by 25 bps to 5.50% in October policy: ET Poll
On Monday, the Reserve Bank of India's Monetary Policy Committee will hold important meetings. Analysts are anticipating a 25 basis points increase in the key interest rate, raising it to 5.50%. The surge in inflation is attributed to elevated crude oil costs and subpar agricultural production. Many economists advocate for a rate hike as a crucial measure to tackle ongoing inflation issues, with outcomes to be revealed on October 7.
Intesa Says Its Paschi Bid Backed by Top Shareholder Delfin
Intesa Sanpaolo said its sweetened offer for Banca Monte dei Paschi di Siena has won the backing of the banks biggest shareholder, Delfin Sarl, bringing it a step closer to victory in the Italian takeover battle.
The Aichi-Nagoya Asian Games ended with a vibrant closing ceremony attended by athletes from 45 countries. India secured fourth place with a total of 85 medals, including 21 gold medals. China topped the medal table, followed by Japan and South Korea, showcasing the competitive spirit. The Olympic Council of Asia President declared the Games closed, emphasizing the significance of the event for Asian sports.
Bajaj Finserv to rope in ex-GIC re chief for reinsurance venture
Bajaj Finserv is preparing to enter the reinsurance sector with the appointment of N Ramaswamy Narayanan. The former chairman of GIC Re brings over thirty years of reinsurance experience to the role. This strategic move aims to strengthen the Bajaj Group's existing insurance operations through a new subsidiary focused on reinsurance.
National Housing Bank set to conduct forensic audit of SRG Housing Finance
Amid growing concerns over dubious lending practices, the National Housing Bank has initiated a forensic audit of SRG Housing Finance. This scrutiny will investigate allegations of fictitious loans, including unsupported accounts and discrepancies in repayment records. Auditors will delve into consumer data and loan origination processes to uncover any fraudulent activity, building on earlier findings that flagged possible fictitious loans ranging from 300 to 400 crore.
DLF Ltd's upcoming project, The Aureva has sold 172 units. It offers a complete ultra-luxury retirement home for senior citizens with facilities like on-site medical centre and an emergency response support.
Bridge across Dnipro river in Kyiv hit during Russian air attack, mayor says
Emergency services were on their way to the scene, the mayor said. In recent days, the Southern Bridge across the river has been struck several times by Russian drones, amid an escalation in attacks on infrastructure in the Ukrainian capital.
SC to hear on Oct 5 pleas for suspension of CEC Gyanesh Kumar, undoing 'unauthorised' actions
The Supreme Court plans to hear pleas regarding Chief Election Commissioner Gyanesh Kumar's alleged unilateral decisions and actions. Petitioners Rakesh Kumar Singh and Shailendra Mani Tripathi challenge Kumar's adherence to collective decision-making principles. They seek his suspension pending a final ruling and the appointment of officials based on consensus.
Iran reviewing US response to diplomatic proposal presented at UN: Kazem Gharibabadi
Iran is currently evaluating a diplomatic proposal put forth to the United States aimed at easing rising regional tensions. This proposal was conveyed by Iranian Foreign Minister Abbas Araghchi via diplomatic channels. In related news, a commercial tanker in the Strait of Hormuz suffered damage from an unidentified projectile, but fortunately, the crew remained unharmed.
Bangladesh seeks Sheikh Hasina's extradition from India
Bangladesh's government is urging India to facilitate the extradition of former prime minister Sheikh Hasina promptly. State Minister for Foreign Affairs Shama Obaed Islam emphasized the need for both legal and political willingness in this process. Hasina has been living in India since fleeing Bangladesh following the July Uprising in 2024.
SoftBanks Masayoshi Son has rare cautionary note on AI safety
In a recent statement, Masayoshi Son underscored the critical importance of international unity in managing the safety risks associated with advanced AI technologies. As AI grows increasingly capable, apprehensions about the dangers in unrestricted environments intensify. The White House is at the forefront of a collaborative initiative involving 17 countries aimed at enhancing AI for scientific exploration.
PM Modi congratulates Indian contingent after Asian Games campaign
Prime Minister Narendra Modi extended his congratulations to the Indian squad for their remarkable achievements at the Aichi-Nagoya Asian Games, where the nation proudly stood fourth with a tally of 85 medals. He lauded the athletes for their resilience and tenacity throughout the events. The Games witnessed the establishment of more than 350 records, including several world records.
Assam Cabinet approves Green Cess on vehicle ownership transfers, 12% quota for ex-Agniveers
In a recent meeting, the Assam Cabinet has ratified a Green Cess on vehicle ownership transfers. This initiative aligns with the introduction of a 12% recruitment reservation for ex-Agniveers residing in Assam, specifically for police and emergency roles. Furthermore, the Madhupur Satra will receive financial support of Rs 1 lakh each month.
Jitender Mann quit his lucrative IT job to pursue organic farming after a health scare. He began growing moringa and other greens on his Delhi terrace as a personal project. This small experiment eventually evolved into a successful organic farming venture with a turnover of Rs 30 lakh. Mann's journey illustrates how personal experiences can lead to significant career changes.
Cinepolis adds four more screens in Faridabad as its big-screen expansion continues across Delhi-NCR
Cinepolis India has opened a four-screen multiplex at Amoliks City Life Mall in Faridabad, taking its presence in the city to eight screens as it expands across Delhi-NCR with a focus on growing urban catchments.
Airbus flags A330 jets for stray tools: Why airlines are being asked to inspect aircraft
Airbus SE has requested airlines to conduct extra checks on A330neo aircraft. This reportedly affects A330s built from 2021 to July 2026, complicating the identification of impacted aircraft.
FSSAI orders Everest Food to recall select batches of cumin powder
The food analysts report found pesticide residues of Azoxystrobin and Thiamethoxam at levels exceeding the prescribed maximum limits
Haldia Petrochemicals subsidiary Adperma is considering an initial public offering to fund its expansion into specialty chemicals and advanced polymers.
Kiro Beauty looks beyond lips as face, skincare emerge as growth engines
Skincare also emerges as another key growth opportunity for the company, as it looks to broaden its portfolio beyond colour cosmetics
Saint-Gobain eyes more India acquisitions as CEO Sreedhar targets $4.3 billion business
French building-materials giant plans to invest 11,000 crore over five years, betting on construction chemicals, insulation and acquisition-led growth to nearly triple its India business
GST shake-up: Council weighs ending officials' arrest powers, start Rs 5 crore prosecution threshold
The GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Criminal prosecution may be limited to cases involving more than Rs 5 crore, while routine disputes over GST interpretation could be handled through civil penalties and kept outside criminal courts.
Jio IPO roadshows draw strong global investor interest ahead of mega listing
Jio is expected to be listed by this month-end at an enterprise valuation of $143-146 billion
AI to help India contribute more to NTT Datas global business
IT infrastructure is a significant business for the company, spanning partnerships with infrastructure providers such as Cisco, Dell, HP, Microsoft, VMware, Red Hat, and, more recently, Nvidia
Greater Noida is expanding a 5-km stretch from Amritpuram to Makoda from four lanes to six, enhancing connectivity. Additional stretches are reportedly proposed for widening to ease congestion and improve traffic flow across the city's corridors.
DLF sells out maiden senior living project Aureva in Gurugram for 1,985 cr
Average ticket size of an apartment at The Aureva is 11.5 crore, at 28,000 per sq ft. Each residence is complemented by three parking spaces and access to a suite of wellness, recreational, and lifestyle amenities.
Mint Explainer: Are EVs with a small engine the way forward?
EV penetration has been slower than carmakers initially anticipated, prompting them to explore ways to address range anxiety. Range-extended electric vehicles (REEVs) are emerging as one possible solution.
DLF sells all 172 senior living homes in Gurugram project for 1,985 cr
Realty major DLF Ltd on Sunday said it has sold all 172 senior living homes for Rs 1,985 crore at Gurugram, amid high demand for luxury housing properties. In a regulatory filing, DLF, the country's largest real estate firm, announced a complete sell-out of its newly launched project 'The Aureva' meant for senior citizens. The project, spread across 4.17 acres, is located at Sector 63, Gurugram. The project has achieved sales of about Rs 1,985 crore, underscoring strong demand for thoughtfully curated luxury retirement living communities that seamlessly integrate luxury, wellbeing, convenience, healthcare access, and meaningful community engagement, DLF said. The average price realisation is Rs 11.5 crore per apartment. The units were sold at Rs 28,000 per sq ft. The company is developing 172 luxury residences in this upcoming project with a total carpet area of over 4 lakh square feet and a total saleable area of over 7.5 lakh square feet. Aakash Ohri, Managing Director and
Paramount Syntex subscribed 1.3 times on day 2 of bidding; QIB book hits 119 times
Paramount Syntex's Rs 82-crore IPO was subscribed 1.35 times on the second day of bidding on the BSE SME platform. The issue received bids for 82.39 lakh shares against 61.17 lakh shares on offer. The QIB portion was subscribed 119.29 times, while the retail and NII portions saw 10% and 2% subscription, respectively. The IPO closes on October 6.
Angel One is shrinking. But what is it building?
For over 30 years, Angel One has adapted to a changing brokerage landscape. Now, regulatory pressure and intensifying competition are forcing another reset. Where does Angel One go from here?
Ecommerce platform Flipkart doubles active seller base in 15 months
Flipkart attributed the growth in sellers to its zero-commission model, simplified onboarding and AI-led tools aimed at improving selection, pricing and catalogues
Lockheed Martin plans to expand its manufacturing in India if it wins a $10.5 billion contract for 60 medium transport aircraft. It has partnered with Tata Advanced Systems and aims to deliver 12 aircraft initially, while 48 will be produced locally, enhancing India's aviation capabilities.
Bengaluru's office parks take the commute challenge into their own hands
Shiny business parks surrounded by crumbling roads and persistent traffic snarls are a common sight in the southern city. As GCCs drive office absorption, they are seeking not only high-quality workplaces but also better infrastructure and easier commuting for employees around their campuses.
Pointo bets on e-auto, BESS, second-life battery segments to drive growth
Lithium-ion battery distribution and service network startup Pointo is betting big on the expanding e-auto segment, battery storage systems (BESS) and second-life products to bolster its revenue, while actively engaging with investors to raise Rs 70-100 crore for its next expansion phase, a top company official said. The city-based startup, which previously raised Rs 6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to deploy the fresh capital to build an automated, large-scale refurbishment unit and expand its ground distribution network across the country. The company has seen its revenue run rate jump to Rs 80 crore in FY26 from about Rs 3 crore in FY24, and expects to close the current financial year at a revenue of Rs 150 crore, Founder & CEO of Pointo Riki Biswas told PTI. Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, along with three co-founders, Pointo aims to build a closed-loop supply chain across battery deployment, buyback, ...
Canon in talks with key chip project players, plans India service centres
Japanese imaging and optical major Canon had discussions with all those engaged in key semiconductor manufacturing projects in India and plans to bring its technology and service centres to the country, said its India President and CEO Toshiaki Nomura. Canon, a global supplier of lithography systems used in semiconductor manufacturing, said it is looking to support the development of India's semiconductor ecosystem as the government steps up efforts to establish domestic chip fabrication capabilities. The Japanese technology major is sensing a great opportunity in the upcoming semiconductor manufacturing ecosystem promoted by the government, and the company will bring its technologies (lithographic machines) to help assist chip manufacturers to produce chips in India, he said. Now everybody knows semiconductor manufacturing is the buzzword in India. We have a lithographic machine to produce those chips... We bring our technologies to help assist the chip manufacturer to produce .
IT Q2 preview: Muted growth, steady margins likely, AI deflation in focus
India's top IT companies are likely to report muted revenue growth and broadly steady margins for the July-September quarter as clients keep discretionary budgets tight, with focus on how quickly strong bookings turn into revenue and how far AI is deflating traditional services, analysts said. Research advisory UnearthInsight expects the top-five IT companies to grow 0.5-1 per cent quarter-on-quarter in the second quarter of FY27, with little improvement over the April-June period. Q2 is not going to be any better than Q1... because we are not seeing any revival in client budgets or spending. Discretionary spending remains stuck amid geopolitical tensions, and decision cycles also remain long, Gaurav Vasu, Founder and CEO of UnearthInsight, said. Gartner sees the quarter as somewhat stronger than the previous one. It said this is largely on the back of previously awarded contracts moving into revenue-generating phases. However, market conditions remain broadly unchanged, with
RBI may hike repo rate by 25 bps as inflation and oil risks mount: Sunil Sanghai
The RBI could raise the repo rate by 25 basis points in October and signal further tightening as inflation, elevated crude prices and a narrowing rate gap with the US pressure the rupee. Strong reserves and a manageable current account provide crucial buffers.
Ashish Shelar criticised the Shiv Sena (UBT)-MNS protest against CEC Gyanesh Kumar, calling it a march of foxes and accusing the Opposition of questioning EVMs and the Election Commission after losing elections. Shelar also defended the EVM system, cited past poll victories using EVMs and questioned the parties opposition to the ongoing SIR exercise.
BJP activists attempting to remove names of Muslim voters through Form 7: Asaddudin Owaisi
Asaduddin Owaisi accused BJP members of submitting Form 7 to eliminate Muslim voters from electoral rolls. He called for scrutiny of these forms, alleging that names are being wrongfully removed. Owaisi threatened significant protests in Hyderabad if the actions do not cease. In response, Telangana BJP claimed Owaisi should provide evidence and pursue legal action. Both parties are engaged in a heated exchange regarding electoral integrity and voter suppression.
In a significant announcement, Uttarakhand Chief Minister Pushkar Singh Dhami revealed a raise in stipends for Senior and Junior Resident doctors, elevating them from around Rs 75,000 to exceeding Rs 1 lakh. Furthermore, the deadline for regularising 'Class B' lands in areas like Dehradun has been prolonged by one year.
IT Q2 Preview: Muted growth, steady margins likely; deal conversion, AI deflation in focus
India's leading IT firms are projected to exhibit modest revenue growth and stable margins for the second quarter. Analysts anticipate that discretionary spending will remain constrained due to geopolitical issues affecting client budgets. As such, decision-making cycles are expected to prolong for upcoming quarters. Additionally, AI advancements are predicted to impact traditional services and revenue generation timelines.
