Corporate

Q2 FY27 Results Live Updates: Anand Rathi, Can Fin Homes and Poonawalla Fincorp will be among the key earnings announcements to watch.

IT Stocks Today: TCS reported a net profit of Rs 13,884 crore for the September quarter, compared with the analyst estimate of Rs 13,788 crore. Revenue stood at Rs 73,188 crore, ahead of the estimated Rs 73,026 crore.

TCS has built a local workforce across 31 offices and delivery centres in the country and reiterated an earlier plan to hire an additional 15,000 people in the US over the next five years.

Goldman Sachs' discussions with hospitals and industry participants suggest that the impact of the new price controls is likely to be minimal across most multi-specialty hospital chains.

The outlook is not uniformly bearish. Kotak Securities and Emkay retain 'Add' ratings, Motilal Oswal maintains 'Buy', and JPMorgan remains 'Overweight'. UBS, meanwhile, sees healthy AI revenue growth and an uptick in hiring as encouraging signs for the IT services sector.

TCS Q2 Results: TCS management said demand is improving across several areas, although the discretionary spending environment has not changed materially. Regional markets remained volatile, while India revenue declined in constant-currency terms.

ITC In Focus: The block deal comes at a time when ITC's cigarette business is also in focus following another round of price increases across select brands.

Vedanta Dividend: The interim dividend of Rs 5 per share has been declared on the company's equity shares with a face value of Rs 1 each.

The government said telecom licences have been granted to three Global Mobile Personal Communication by Satellite (GMPCS) services based on non-geosynchronous satellite orbit (NGSO) satellite communications.

The RBI raised the repo rate by 25 basis points to 5.5%, but Jefferies believes the bigger signal was the change in policy stance from "Neutral" to "Calibrated Tightening".

HSBC takes a less aggressive view on the road ahead, arguing that the new stance is more consistent with mild rate hikes rather than a deep tightening cycle.

According to Bloomberg Estimates, TCS is expected to report 1.04% quarter-on-quarter (Q-o-Q) revenue growth in Q2 FY27, while EBIT and net income are seen rising 2.82% and 3.29%, respectively.