ADANI ENTERPRISES LTD Q4 RESULTS
Infosys turns to employees for talent hunt, offers cash incentives
Infosys is urging staff to refer candidates for various roles across its India offices, signalling a pickup in lateral hiring. Employees can earn cash rewards if their referrals are selected. In contrast, rival TCS has paused such hiring after bringing in 650 people last month, following 12,000 job cuts.
HDB Financial Services Q2 Results: Profit drops 2% YoY to Rs 581 crore, NII jumps 20%
HDB Financial Services Q2 Results: HDB Financial reported a marginal 2% drop in net profit to Rs 581 crore for the July-September quarter, despite a 13% increase in revenue to Rs 4,545 crore. Net interest income rose 20% YoY to Rs 2,192 crore, supported by higher yields and efficient funding. The company's gross loan book grew 13% YoY to Rs 1.
Axis Bank Q2 Results: Standalone profit falls 26% YoY to Rs 5,090 crore as provisions spike sharply
Axis Bank Q2 Results: Axis Bank's standalone net profit experienced a significant 25% year-on-year decline, falling to Rs 5,090 crore in the second quarter. This decrease occurred despite a marginal 2% rise in net interest income, which reached Rs 13,744 crore during the same period.
HDFC Life Q2 Results: Cons PAT up 3% YoY to Rs 448 crore, NPI jumps 14%
HDFC Life Q2 Results: HDFC Life Insurance Company announced its Q2 results. Net profit saw a 3% year-on-year increase to Rs 448 crore. Net premium income grew by 14% to Rs 18,871 crore. The company also reported strong performance in its first half results, with profit after tax rising 9%.
Tata Communications Q2 Results: PAT falls 27% YoY to Rs 183 crore; revenue up over 6%
Tata Communications reported a 27% year-on-year fall in profit to Rs 183 crore in Q2 FY26, despite a 6.5% rise in revenue to Rs 6,100 crore. EBITDA grew modestly, while margins declined slightly due to higher costs.
Infosys Q2 Preview: Profit likely up 10% YoY on margin tailwinds and steady deal momentum
Infosys Q2FY26 profit is expected to rise 10% YoY with revenue growth of 10%, supported by large-deal momentum, stable BFSI demand, and cost efficiencies. Investors will watch margin trends, GenAI adoption, and management guidance amid cautious discretionary IT spending.
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IREDA shares slip nearly 3% a day after Q2 results as investors book profits
Shares of Indian Renewable Energy Development Agency (IREDA) fell 2.6% to Rs 153.35 after a strong Q2 FY26 showing. Despite a 41.5% YoY jump in net profit and robust operational metrics, investors booked profits, leading to a price correction. Loans and disbursements also saw significant growth.
Tech Mahindra shares shed 2% as Q2 PAT falls 4% YoY. Should you buy, sell or hold?
Tech Mahindra's stock saw a dip after its Q2 FY26 earnings. The IT firm reported a profit decline but revenue growth. Brokerage firms offered varied outlooks. Goldman Sachs maintained a 'Sell' rating, citing industry growth concerns. Morgan Stanley kept an 'Underweight' stance, noting EBIT margin performance. Nuvama reiterated a 'Reduce' rating, highlighting margin expansion challenges.
Festive sales enter slog overs; Pismo CEO on India outreach
Happy Wednesday! Online sellers and marketplaces want to finish the festive season with a bang. This and more in today's ETtech Morning Dispatch.
Tech Mahindra announces Rs 15 per share interim dividend, sets October 21 as record date
Tier-1 IT services company Tech Mahindra on Tuesday company declared an interim dividend of Rs 15 per equity shares for the financial year 2025-26 and has fixed Tuesday, October 21 as the record date for determining the members entitled to receive the interim dividend.
Google, Adani, Airtel join hands to build India’s largest $15-billion AI data hub in Visakhapatnam
Google, Adani Enterprises, and Bharti Airtel are investing $15 billion over five years to build India's largest AI hub and data centre campus in Visakhapatnam. This initiative will feature gigawatt-scale data centres powered by clean energy, new subsea cable landings, and a robust fibre network, aiming to bring Google's AI capabilities closer to Indian businesses and developers.
Goldman Sachs stock falls despite beating Wall Street expectations with Q3 numbers - are we missing something?
Goldman Sachs Q3 2025 results beat Wall Street expectations with strong earnings, revenue, and net interest income. Investment banking and asset management growth helped the bank. Expenses were higher than expected, causing the stock to drop 2.1%. Loans and deposits grew, and the firm plans to use AI for efficiency. CEO David Solomon highlighted strong client focus and strategy execution.
Tech Mahindra Q2 Results: Cons PAT falls 4.4% YoY to Rs 1,194 crore, revenue rises 5%
Tech Mahindra on Tuesday reported a 4.4% YoY fall in its Q2 net profit at Rs 1,194 crore versus Rs 1,250 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.
Google readies $15 billion war chest for Andhra AI hub: all you need to know
The project will be built with an investment of $15 billion spread over five years, till 2030. The facility will have an initial capacity of 1 gigawatt (GW), which will be scaled to “multiple gigawatts”, said Google Cloud CEO Thomas Kurian.
Tech Mahindra Q2 Preview: PAT may jump up to 20% QoQ, 4% revenue uptick seen on steady BFSI and retail. 5 things to track
Tech Mahindra is poised for a double-digit sequential improvement in its September quarter net profit, with estimates ranging from 11.4% to 19.5% growth. Revenue is also expected to see a modest uptick, driven by large deal wins in key verticals. Analysts will be watching demand trends and deal pipeline visibility.
Adani RoA breaks into global infra top tier; group's bets may now become bolder, bigger
Adani Group Chairman Gautam Adani announced a 16.5% return on assets for FY2024-25, positioning the conglomerate as a top global infrastructure performer. He highlighted disciplined growth and efficient capital use, projecting a significant capture of India's expanding electricity market and introducing a "Two-Track Organisation" model blending AI with human judgment for future transformation.
Adani Enterprises partners with Google for India's largest data centre campus in Visakhapatnam
AdaniConnex, a joint venture of Adani Enterprises, is partnering with Google to establish India's largest data centre campus in Visakhapatnam, Andhra Pradesh. This significant investment will create a major AI hub, featuring gigawatt-scale data centre operations supported by subsea cables and clean energy. The project aims to bolster India's digital infrastructure and create substantial employment opportunities.
IREDA Q2 Results: Cons profit jumps 41% YoY to Rs 549 crore; stock rises 4%
IREDA Q2 Results FY26: Indian Renewable Energy Development Agency (IREDA) reported a consolidated net profit of ₹549.33 crore for Q2 FY26, up 41.5% YoY from ₹388 crore in Q2 FY25. Revenue from operations rose 26.2% YoY to ₹2,057 crore.
Tech Mahindra Q2 preview: PAT may jump up to 20% QoQ while 4% revenue uptick seen led by steady BFSI and retail. 5 things to track
Tech Mahindra is poised for a double-digit sequential improvement in its September quarter net profit, with estimates ranging from 11.4% to 19.5% growth. Revenue is also expected to see a modest uptick, driven by large deal ramp-ups. Brokerages anticipate a strong recovery in EBIT and margins due to cost controls and operational efficiency.
HCL Technologies Q2 Results: Cons PAT flat at Rs 4,235 crore, revenue up 11% YoY. Rs 12/share dividend announced
HCL Tech Q2 results: HCL Technologies announced its Q2 financial results. The company's net profit remained steady compared to last year. However, revenue from operations saw a significant increase of 11%. This performance met market expectations. The board also declared an interim dividend. Sequential growth in both profit and revenue was also reported.
Avenue Supermarts shares fall 2% even as Q2 net profit rises 4% YoY
Avenue Supermarts shares saw a dip on Monday. The company reported a modest 4% rise in net profit for the September quarter. Revenue from operations showed a healthy 15% year-on-year increase. Despite adding new stores, profit margins experienced a slight decline. The company passed on GST benefits to customers. The stock has performed well year-to-date.
Stocks in news: Tata Motors, Avenue Supermarts, Welspun Enterprises, Infosys
Indian stock markets finished higher on Friday. Financial stocks and foreign investor inflows boosted the Sensex and Nifty. Tata Consultancy Services' weaker earnings limited broader gains. Several companies like Avenue Supermarts, Tata Motors, and Infosys will be in focus. Tata Motors' stock will trade as a consolidated entity for the last time on Monday.
Market wrap: 263 of BSE 500 stocks end week in green as FIIs turn net buyers. IT, health scrips shine
Indian markets ended the week steady, with BSE 500 up 1.3%. IT, telecom, and healthcare stocks led gains, supported by domestic and foreign investor inflows, while metals, auto, and industrials lagged slightly.
SC to hear customs appeal against Adani over alleged tax, export violations
The Supreme Court will hear the customs department's appeal against a tribunal's decision that cleared Adani Enterprises in a tax evasion and policy violation case. The department alleges Adani misused export incentives to import gold and silver duty-free, violating scheme conditions. The tribunal had previously quashed the show cause notice, stating valid licenses were used.
False story had been weaponised, $100 billion of market value erased: Adani on Hindenburg's report
Gautam Adani recounted how Hindenburg Research's report, a "false script," erased $100 billion in market value, emphasizing how narratives can now influence markets and geopolitics. He drew parallels to cinema, stating that projects begin with a story, not just physical materials, as stories endure beyond tangible achievements.
TCS shares fall 2% after Q2 miss; brokerages see up to 20% upside. Should you buy, sell or hold?
TCS shares: TCS reported a muted Q2 performance with net profit rising 1.4% year-on-year to ₹12,075 crore, missing analyst estimates, while revenue grew 2.4% to ₹65,799 crore. Despite the earnings miss, brokerages remain optimistic, citing TCS’s new AI infrastructure push and strong long-term growth potential, with some projecting up to 21% upside in the stock.
TCS declares Rs 11 per share dividend, record date announced
Tata Consultancy Services (TCS) declared a second interim dividend of Rs 11 per share after reporting a 1.4% YoY rise in Q2FY26 net profit to Rs 12,075 crore, with revenue up 2.4% to Rs 65,799 crore.
Adani Enterprises to raise up to Rs 3,000 cr via NCDs
The company aims to spend ₹36,000 crore in capital expenditure in the current fiscal. Adani Enterprises first tapped the domestic NCD market last year, where it raised ₹800 crore. This was followed by fund raising of ₹1,000 crore in July this year.
Adani Enterprises raises Rs 1000 crore to repay debt
Adani Enterprises successfully raised ₹1,000 crore via non-convertible debentures, with ICICI Prudential Mutual Fund investing ₹300 crore. The funds will be utilized for debt repayment, subsidiary support, and corporate expenses. The debentures, rated 'AA-; Stable', carry an 8.7% interest and have tenors of two to three years.
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