*TOP NEWS*
TCS: Results beats market estimates. Net profit at Rs 12,075 crore vs street estimates of Rs 12,528 crore. Revenue at Rs 65799 crore vs street estimates of Rs 65,114 crore. EBIT margin at 25.2% vs street estimates of 24.7%. Deal-win momentum remains strong ($9.4bn in 1Q; $10bn in 2Q up 16% yoy) & provides visibility on revenue recovery through H2FY26 and especially in FY27 given the low base over FY24-26 Despite continued pressure on discretionary spends, management tone on growth outlook is optimistic vs previous quarters mainly aided by vendor consolidation deals AI data centre announced carries significant potential & also risks; largely maintain revenue and EBIT margin estimates for FY26 and FY27.
TCS sets course to become the world's largest Al-led technology services company *Announces strategic investments* New business entity to build world class Al infrastructure - 1 GW capacity Al datacenter in India - Board approves acquisition of ListEngage with deep capabilities in Salesforce - Sustained investments in nurturing Al-first culture and talent. Positive
Subex has been selected by a leading telecom operator in the Netherlands to provide a unified platform for MVNO billing and wholesale partner settlement, expanding its existing partnership across multiple services. The engagement, hosted from Subex’s UK data center, includes end-to-end managed services and aims to streamline billing, enhance efficiency, and reduce costs while maintaining high service standards. Positive
NTPC green energy: Signed a memorandum of understanding with the western Indian state’s government to develop solar parks and projects with a cumulative capacity of 10 GW and wind projects of 5 GW. Positive
Lloyd Engineering: Entered a MoU with FlyFocus Sp. z o.o. to jointly develop and manufacture the Defender SIGINT UAV, a next-generation unmanned aerial platform for signals intelligence and electronic surveillance applications, ensuring localization for the Indian market. Positive
Rajesh Power: Rajesh Power Services Limited signed multiple memorandums of understanding with the Gujarat government at the Vibrant Gujarat Regional Conference 2025 in Mehsana, committing to turnkey projects valued at Rs 4,754 crore. Positive
NTPC green energy: Signed a memorandum of understanding with the western Indian state’s government to develop solar parks and projects with a cumulative capacity of 10 GW and wind projects of 5 GW. Positive
Afcons Infrastructure has secured a civil and allied infrastructure contract worth around Rs. 576 crore. Positive
*OTHER NEWS*
Lemon Tree Hotels: The company announced the launch of its latest property – Keys Lite by Lemon Tree Hotels, Jaipur. This marks the brand’s third property in the city and 12th property in Rajasthan. This managed hotel features 50 well-appointed rooms, complemented by Keys Café – a multi-cuisine restaurant, and a well-equipped fitness center. Positive.
PLI push of Rs 7300 crore for rare earth minerals extraction. Mining sector to be in focus companies like ashapura to benefit.
