Stocks to watch today: Anand Rathi, Canara Robeco, Can Fin Homes, and Poonawalla Fincorp are among the companies slated to post their Q2 results today.
India's largest IT services firm says hiring will track client demand as it invests in AI skills, workforce training and niche talent, while subcontractor expenses rise in Q2
The company's revenue grew 11.2 per cent in reported terms to Rs 73,188 crore for the second quarter, compared to Rs 65,799 crore year-on-year
TCS Q2 results: Analysts expect large IT companies, such as TCS, to lag mid-tier firms amid macro uncertainty, AI-led productivity and increased competition.
Tata Consultancy Services (TCS), Indian Bank, K R Rail Engineering, Lotus Chocolate, Onix Solar and Grand Oak Capital are scheduled to announce their Q2FY27 financial results today
TCS Q2 results date, dividend announcement: TCS will declare its Q2 results on Oct 8. Besides, TCS could also recommend an interim dividend. TCS has set Oct 14 as the dividend record date
IT shares: Analysts expect IT companies to witness moderate improvement in Q2FY27, as macro headwinds from the Middle East conflict continue to weigh on client spending and decision-making.
IT services firms are targeting GCCs for scale, steady revenue and domain expertise as weak organic growth and AI put pressure on traditional contracts
Best Buy's India entity will transition to TCS under a multi-year agreement, combining its retail knowledge with technology and AI capabilities to build an AI-native centre
Going ahead, analysts suggest investors stick to domestic economy-focused sectors as the geopolitical situation still warrants caution.
Earlier, in the first nine months of the calendar year 2011, the BSE Sensex and Nifty had plunged 19.8 per cent and 18.9 per cent, respectively.
The sell-off was driven by high US bond yields, a strong dollar, FPI outflows, crude oil concerns and weakening domestic growth signals.
The Nifty IT index has underperformed in September, falling over 11%, as against a 6% decline in the Nifty 50.
Tata Trusts, led by Chairman Noel Tata and holding 66% of Tata Sons, has proposed merging TESS and TCE with Tata Sons to help the holding company remain private and exit the RBI's NBFC/CIC framework.
Stocks to buy today: The overall setup remains constructive, and MCX appears poised for the next leg of up move and potential new highs, says Ajit Mishra of Religare Broking.
Bogged down by crude oil prices trading above $100, the Nifty 50 index has lost 5 per cent during the six-week selloff, which is also its longest since 2020.
Stocks to watch today: IOCL, HPCL, BPCL, Asian Paints, IndiGo, among others, will be in focus following a decline in crude oil prices.
Tata Trusts says the September 17 resolution failed the Article 121 test as its two nominees split 1-1
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
Tata Chemicals, Tata Investment Corporation, Afcon Infrastructure, and Forbes & Company zoomed up to 20 per cent on the BSE in intra-day deals.