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Sapphire Foods' focus on food quality, value offers and dine-in customers has delivered encouraging results in Tamil Nadu. But its Pizza Hut business remains loss-making at the restaurant level, while Devyani International pursues a separate reset.

Chief Executive Sudhir Singh said the company aims to be among the top three tech services firms by EBIT margin in the short to medium term.

EBITDA rose 31% to about Rs 2,800 crore, but margin was 11.7%, down 90 basis points year-on-year and flat sequentially.

BPCL reported a net profit of Rs 4,993 crore in Q2 FY27, reversing a Rs 3,962 crore loss in the previous quarter. EBITDA recovered to Rs 8,971 crore, while revenue declined around 1.5% sequentially.

SEBI has ordered Avadhut Sathe Trading Academy and its founder to refund Rs 546.17 crore plus Rs 67.87 crore interest, imposed Rs 11.5 crore in penalties and barred market access.

The results highlight how India's IT services companies are navigating cautious client spending while positioning themselves for growth from AI-led transformation projects.

Q2 Results Today LIVE: A total of 75 companies will declare their Q2 results today, including Infosys, Tata Motors, Adani Power, BPCL, SBI Cards and Payment Services, SBI Funds Management, IndusInd Bank and Dr. Reddy's Laboratories.

Brent crude climbed to $116.46 on Friday, hitting a six-month high as Houthi attacks on Saudi Arabia, fears of fresh US-Israeli strikes on Iran and mounting supply disruption risks rattled global oil markets.

US chip stocks rebounded in Friday's trading after Thursday's sharp technology sell-off. Micron and SK Hynix led the recovery, while AMD and Intel also advanced. The Nasdaq Composite edged higher as investors reassessed sentiment towards AI-linked stocks.

Investors will also watch for signs of seasonal stress moderation in the commercial vehicle and tractor segments.

American Express will cut 5% of its global workforce and take a $336 million restructuring charge as it reorganises operations to improve efficiency and prepare for wider AI adoption.

The drop in ADRs come as the company has trimmed revenue growth guidance to 1-2% in constant currency (CC) terms from the earlier 1.5-3%.

Jio Platforms’ Rs 30,213-crore IPO closed with an overall subscription of 12.45 times. Qualified institutional buyers led demand at 37.22 times, while non-institutional investors subscribed 9.91 times and retail investors 1.71 times.

JK Tyre Chairman and Managing Director Raghupati Singhania said the operating environment remains challenging due to geopolitical tensions in West Asia.

Track Jio IPO Day 3 subscription status, investor demand, GMP, IPO price band, allotment date and listing details of Jio Platforms.

The Nasdaq-100 slipped 0.28%, with technology stocks remaining under pressure after concerns over corporate borrowing and rising interest rates weighed on the sector.

Revenue declines 1.5% year-on-year as EBITDA margin narrows to 19.9%; India generics revenue rises 17%, while North America sales fall 23%.

Havells India expects cables and wires margins to remain around 15% to 16% in the coming quarters, according to Chairman Anil Rai Gupta. Speaking to NDTV Profit, he also discussed Lloyd's seasonal challenges, volume growth, and expansion beyond room air conditioners.

Asset quality improved sequentially, with gross non-performing assets (GNPA) easing to 2.73% of gross advances as of September 30, down from 3.25% in the previous quarter. Net NPAs also moderated from 0.95% to 0.83% over the same period.

SBI Card's September-quarter profit rose sharply as lower impairment losses and bad-debt expenses offset higher operating costs, while total income grew 3% year-on-year to Rs 5,302 crore.