AI DRIVEN BUSINESS INVESTMENT
ITC, RIL, HDFC Bank among top laggards as Nifty falls over 12% in 2026: Time to buy beaten-down stocks or wait for a recovery?
In 2026, the Nifty 50 index faced significant drops, with 34 out of 50 stocks plummeting by as much as 34%. Analysts believe that the sell-off is driven by foreign institutional investor exits and a conservative outlook on earnings. This decline presents potential opportunities for long-term investors as valuations dip below historical norms.
Executive search defies broader job market uncertainty
India's executive search firms are reporting strong growth despite layoffs, AI-driven disruptions and global economic uncertainty. Leading firms have recorded business growth of 15-25% in the first half of the financial year, driven by demand for senior leaders across manufacturing, infrastructure, power, energy and global capability centres (GCCs). Companies are investing in experienced executives who can manage large projects, navigate technological change and improve business performance.
Rising tech costs drive EMI sales; Shadowfax Q2 profit soars
Happy Friday! Shoppers are turning to EMIs as electronics prices rise. This and more in today’s ETtech Morning Dispatch.
In 2015, two sisters co-founded Dudley Stephens; one worked with Gucci, Calvin Klein, other managed American Express VIP experiences; how their brand crossed $45 million in sales
The sisters began by creating samples and designing their first product, the Cobble Hill turtleneck. Starting small meant the company sometimes sold through its inventory quickly, leaving customers disappointed when products became unavailable. In the early days, they handled much of the work themselves, including customer service, product tagging and coordinating embroidery and manufacturing.
US economy grows faster than expected at 3.4% in Q3 on consumer spending, AI boom
The US economy grew at a faster-than-expected 3.4% annualised rate in the third quarter, driven by resilient consumer spending and AI-related business investment despite higher oil prices linked to the Middle East conflict. The robust growth contrasts with weak consumer sentiment and comes as the Federal Reserve keeps interest rates unchanged.
Microsoft, Oracle outshine Alphabet as investors demand AI returns
Wall Street increasingly favours technology companies demonstrating financial discipline in AI investments. Microsoft and Oracle gained on strong cash flow prospects, while Alphabet shares plunged amid rising capital expenditure and slower search growth. Investors are prioritising sustainable returns, profitability and cash generation over aggressive artificial intelligence infrastructure expansion.
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Global Market: Samsung Electronics posts record $80.5 billion quarterly operating profit on AI chip boom
Samsung Electronics reported record quarterly operating profit of 107.4 trillion won, driven by surging AI memory chip demand. Despite strong earnings, shares fell over 5% amid concerns about semiconductor division performance and AI investment sustainability. Samsung also announced shareholder returns of up to 110 trillion won this year.
Samsung keeps shattering profit records as AI boom lifts chip demand
Revenue for the July-September period rose to an all-time high at 195.3 trillion won (USD 146 billion), marking the company's fourth straight quarter of record profit and revenue.
Samsung logs record $80.5 bln profits despite investor AI jitters
Massive demand for AI chips delivered record quarterly profits to South Korea's Samsung Electronics on Thursday, but shares fell as investors questioned the resilience of the global tech boom. Record profits driven by booming demand for AI memory chips have fuelled calls for greater shareholder returns, particularly after shares in tech giants such as Samsung tumbled from their June record highs amid concerns over US tech firms' AI spending.
Google Cloud showcases AI tools to help Indian SMBs boost productivity, automate operations
The demonstration took place at Cloud Day India 2026 in New Delhi, which was attended by more than 600 business and technology leaders. The event was held under the theme 'Any size. Every scale. AI that works for you'.
87% of India CEOs confident of growth despite cyber, geopolitical risks: KPMG
Nearly 87% of Indian CEOs are confident about their companies' growth prospects in the next three years. They are increasing investments in cybersecurity to mitigate risks associated with growing threats. Attracting and retaining employees remains a major challenge along with skill gaps. Additionally, 66% of CEOs say sustainability is integrated into core strategies for future growth.
Global Market: Nomura Holdings Q2 profit rises 13% on wealth management growth
Nomura Holdings reported a 13% YoY rise in second-quarter net profit to 103.7 billion yen, supported by strong wholesale earnings and steady wealth management growth. Its wholesale income jumped 47% amid robust trading and investment banking activity.
Infosys, TechM, TCS, other IT stocks plunge up to 5%, extend losses as global AI trade rebounds. What lies ahead?
Indian IT stocks fell sharply on Wednsday as renewed optimism around the global AI trade weighed on sentiment. Strong earnings from SK Hynix and Anthropic’s IPO filing fuelled gains in AI-linked stocks globally. However, concerns over an AI bubble persist, with analysts highlighting a potential advantage for Indian IT services firms.
Indian IT firms poised to benefit from enterprise AI adoption as infrastructure costs rise: Report
Indian information technology (IT) companies are well-positioned to benefit from the growing adoption of artificial intelligence (AI) by enterprises, as rising infrastructure investments and funding requirements increase financial risks for companies building and operating AI computing capacity, according to a research report by Anand Rathi.
IT firms navigate peak pessimism by prioritising growth in stable Q2
Analysts said that artificial intelligence (AI) is becoming a significant revenue driver for the majority of Indian IT companies. However, they cautioned that near-term prospects remain muted due to pricing pressure and AI-driven deflation in traditional services.
Big Tech earnings a test of the AI boom amid market turmoil
Investors are pressing for evidence that the AI boom can deliver swift returns to justify its enormous price tag. Rising bond yields at AI cloud providers such as CoreWeave and record costs to insure Meta Platform's debt have amplified concerns about how the massive AI infrastructure buildout is being funded, particularly as higher US interest rates loom.
Risks spelled out for Anthropic investors include possible harms from runaway AI
The risks laid out by the San Francisco company in its filing Monday with the Securities and Exchange Commission included discussion of bad actors potentially using AI models to build deadly weapons or the technology itself going rogue with untold consequences.
TCS, Infosys, other IT stocks drop up to 3% as Anthropic IPO sparks rally in global AI stocks
Indian IT stocks fell amid reports that Anthropic, the maker of Claude, is preparing for an IPO that could value it at around $1.5 trillion. While the listing would open up investment opportunities in a leading AI developer, rising infrastructure costs, mounting losses and concerns over growth sustainability remain key risks.
Anthropic vs OpenAI: How Claude maker’s growth is challenging ChatGPT ahead of IPO
Anthropic has seen significant revenue growth, reaching $16.29 billion in the first half of 2026. OpenAI continues to expand its business model while generating substantial revenues from its consumer and enterprise offerings. Both companies face financial pressures as they invest heavily in infrastructure and computing power. The competition between Anthropic and OpenAI is primarily driven by their customer acquisition strategies and operational efficiencies.
Anthropic unveils its US IPO filing; puts AI ambitions, costs in spotlight
The prospectus highlights Anthropic's rapid growth over the past year, fueled by Big Tech's breakneck spending that has driven a rally in AI stocks while raising concerns about lofty valuations and rising debt.
Meta launches $35 billion stock offering to fund AI expansion
Meta Platforms has kicked off public offerings nearly reaching $35 billion as part of its ambitious AI expansion strategy. The tech giant also plans to roll out a significant share sale program, potentially worth up to $60 billion, in the near future. These efforts are aimed at bolstering its investments in AI infrastructure and data centers.
Big Tech’s AI push faces a $1 trillion profit test, says UBS
UBS Global Research indicates that major cloud companies must generate an additional $1 trillion in operating profits by 2031. They are expected to invest $7.7 trillion between 2026 and 2030 to achieve these returns. A decline in returns on invested capital is anticipated as AI infrastructure dominates investments. The largest firms face challenges in securing electricity for expanding data centres.
Tata Communications to plug Rs 4,350 crore in AI super highway
Tata Communications aims to invest Rs 4,350 crore to create 10,000 km of AI-ready connectivity infrastructure across India. The investment will enhance the existing network and add significant capacity to data-centre connectivity. The three-phase project development will focus on key growth corridors including Mumbai, Pune, and Chennai. Tata Communications will also expand its networks to connect various emerging data-centre ecosystems.
US stocks face crucial test as AI earnings, Fed meeting loom
US stocks face a crucial week as earnings from Alphabet, Microsoft and Amazon coincide with the Federal Reserve’s policy decision. Investors will assess whether massive AI investments can deliver sustainable returns, while the Fed’s guidance on interest rates and uncertainty surrounding the November midterm elections could shape market sentiment and volatility.
AI efficiencies shield Q2 IT margins from transatlantic macro headwinds
HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.
India must bolster tech, economic resilience: Dean Grandy, KPMG's global head for government and public sector
India is encouraged to boost its domestic technology capabilities and economic resilience to face geopolitical tensions. Strengthening self-sufficiency in artificial intelligence and infrastructure is essential for national interests and security. Collaborative partnerships with like-minded governments are important for shared insights and investment opportunities. Developing independent AI regulations will safeguard India's data and business environment effectively. Addressing the emerging challenges in AI will be crucial as India's capabilities expand.
AI is rewriting the rules of investment for India's big-ticket players
Private equity investors in India are integrating artificial intelligence into their investment analysis and strategies. AI is being utilized to assess how it will impact revenues and competitive positions of companies. Investors are now focusing on AI capabilities and their potential to create value in various sectors. Additionally, AI is influencing negotiations by uncovering weaknesses quickly and enabling better assessments of business strength.
Sentiment muted, but India story is unchanged: McKinsey's Kumra
India's investment appeal is currently being tested as global capital flows shift towards other regions. While private capital investors see potential, sustaining growth requires policy improvements and stronger emerging industry engagement. India's growth forecast for 2026-27 has been increased, indicating positive long-term expectations. The country must address structural disadvantages to enhance its competitiveness on the global stage.
Eternal’s Deepinder Goyal teases new AI product, Dark.ai
The company is expected to announce the product later on Wednesday. Details about Dark.ai, including its intended use cases and target customers, remain unclear. The Zomato and Blinkit parent reported a 92.3% on-year jump in net profit to Rs 125 crore in the second quarter of FY27. The company's revenue from operations rose 77.6% to Rs 24,138 crore.
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